All required readings, and information on assessments can be found on the subject web page (See Moodle below). Students are strongly advised to log into the subject web page at least once a week. Additional readings: Other academic reference papers will be listed on Moodle. They are available in full-text format (pdf files) from the library. The easiest way to find them is to (1) SSRN.com or (2) the faculty member’s personal or university webpage.
Course Outline – required and recommended readings
* Denotes required readings
** Denotes required literature surveys
Background Reading Prior to First Class
*Shleifer, A. and W. Vishny, 1997, A Survey of Corporate Governance, Journal of Finance 52, 737-783.
Becht, M., P. Bolton and A. Roell, 2003, Corporate Governance and Control in The Handbook of the Economics of Finance, Volume 1A, Corporate Finance (eds.) G. Constantinides, M. Harris and R. Stultz, North-Holland.
Black, B., A. G. de Carvalho, V. Khanna, W. Kim and B. Yurtoglu, 2020, Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets, Journal of Law, Finance, and Accounting, 5(1), 137–177.
Jiang, F. and K. Kim, 2020, Corporate Governance in China. A Survey. Review of Finance 24 (4),733–772
Lehmann, E. and S. Vismara, 2020, Corporate Governance in IPO firms. Annals of Corporate Governance, 5(1), 1–100.
Guest, P. M. and M. Nerino, 2020, Do Corporate Governance Ratings Change Investor Expectations? Evidence from Announcements by Institutional Shareholder Services, Review of Finance 24(4), 891–928.
Introduction to Corporate Governance (week 1)
Fama, E., 1980. Agency Problems and the Theory of the Firm, Journal of Political Economy 88(2), 288-307.
*Fama, E., and M. Jensen, 1983, Separation of Ownership and Control, Journal of Law and Economics 26, 301-325.
Hellwig, M., 2009, A Reconsideration of the Jensen-Meckling Model of Outside Finance, Journal of Financial Intermediation 18, 495-525.
*Jensen, M. and W. Meckling, 1976, Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure, Journal of Financial Economics 3(4), 305-60.
*Jensen, M., 1986, Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers, American Economic Review 76 (2), 323-329.
*Klein, B. and K. Leffler, 1981, The Role of Market Forces in Assuring Contractual Performance, Journal of Political Economy 89(4), 615-641.
Demsetz, H., 1983, The Structure of Ownership and the Theory of the Firm, Journal of Law and Economics 26 (2), 375-90.
See Moodle for the most current list of citations for weeks 2 and beyond (the above list is only covers the first week).