Second International Conference on Corporate Governance in Emerging Markets

The second international conference on Corporate Governance in Emerging Markets was held on July 2nd and 3rd in Sao Paulo, Brazil. The conference was sponsored and organized by the Global Corporate Governance Forum, Fundação Getulio Vargas Law School in São Paulo (Direito GV) and COPPEAD Graduate Business School at the Federal University of Rio de Janeiro (COPPEAD).

The conference aimed to facilitate dissemination of state of the art research on corporate governance in emerging markets, with the objective of supporting policy and practice development. It provided a forum to discuss the ongoing research on corporate governance in emerging markets and to solicited ideas from both theory and policy perspectives as to how to further improve corporate governance research. The conference also provided an opportunity to inquire how academic research findings relate to practice in emerging markets by having leading practitioners as discussants.

The conference particularly welcomed comparative research comprising clusters of developing countries sharing institutional or macroeconomic similarities. Clusters may be comprised of countries that are geographically distant such as the BRIC or countries with similar corporate governance reform approaches. Papers are in the law, economics and finance fields. Both theoretical and empirical papers, as well as clinical studies, were accepted.

The conference provided new thinking and new approaches to Corporate Governance research in emerging markets.

Read Synthesis Report.

For the conference agenda please click here.

For more details regarding the conference and paper submission, please click here.

The first international conference on Corporate Governance in Emerging Markets was held in Istanbul, November 15-17, 2007. For more details, please click here.


Papers:

1. Adams, R. B.; Licht, A. N.; Sagiv, L. Shareholderism: board members; values and the shareholder-stakeholder dilemma

2. Apreda, R. Cost of capital adjusted for governance risk through a multiplicative model of expected returns. Presentation.

3. Atanasov, V.; Black, B.; Ciccotello, C. Unbundling and measuring tunneling. Presentation.

4. Bicalho de Sá, K. Corporate governance: a focus on the human dimension business.

5. Black, B.; DeCarvalho, A. G.; Gorga, E. An overview of Brazilian corporate governance. Results from a companion paper was also presented by the authors: What Corporate Governance Elements Predict Firm Value: Evidence from Brazil. Presentation.

6. Black, B.; Kim, W.; Jang, H.; Park, K. S. How corporate governance affects firm value: evidence on channels from Korea. Presentation.

7. Bunkanwanicha, P.; Fan, Joseph P H; Wiwattanakantang, Y. Why do shareholders value marriage?

8. Céspedes, J.; González, M.; Molina, C. Ownership concentration and the determinants of capital structure in Latin America.

9. Chari, A.; Ouimet, P.; Tesar, L. The value of control in emerging markets.

10. Fernandes, N.; Gianetti, M. On the fortunes of stock exchanges and their reversals: evidence from foreign listings.

11. Fidrmuc, J.; Jacob, M. A cultural explanation for the agency model of dividends.

12. Filatotchev, I.; Bell, R. B.; Moore, C. Strategic and institutional effects on foreign IPO performance: examining the impact of country of origin, corporate governance, and host country effects. Presentation.

13. Francis, B.; Hasan, I.; Song, L. Does bank value borrower`s corporate governance? Evidence from emerging markets. Presentation.

14. Gioielli, S.; DeCarvalho, A. G. The dynamics of earnings management in IPOs and the role of venture capital.

15. Gorga, E. Changing the paradigm of stock ownership from concentrated towards dispersed ownership? Evidence from Brazil and consequences for emerging countries.

16. Jin, Q.; Yu, V. Fund governance and collusion with controlling shareholders: evidence from nontradable shares reform in China. Presentation.

17. Kim, W.; Kim, W.; Kim, H. S. What makes firms issue death spirals? A control enhancing story. Presentation.

18. Litvak, K. The relationship between cross-listing premia and host country share prices and trading volumes.

19. Morck, R.; Yavuz, M. D.; Yeung, B. Bank ownership, capital allocation, and economic performance.(Being updated by the authors)

20. Richter, B. K. An Empirical Investigation into the Political Economy of the Firm in a Globalizing World Economy: How Domestic Political Connections Affect Cross-listing Choices. Presentation.

21. Rochman, R. R.; Eid Jr., W. The influence of tag-along rights on company’s value: an event study by using the Brownian motion model.

22. Rossi Jr., J. L. What is the value of corporate social responsibility? An answer from Brazilian Sustainability Index.

23. Santos, R. L.; DaSilveira, A. M.; Barros, L. A. Underwriters fueling going public companies? Evidence of conflict of interest during Brazilian 2004-2007 IPO wave. Presentation.

24. Yang, Q.; Xue, Y.; Yurtoglu, B. Does the strategic role and the control role of the board of directors exist in Chinese listed companies?

25. Viegas, L. “Walking the talk” to become a role model in corporate governance: the Brazilian Institute of Corporate Governance. Presentation.