Firms, Markets and Value research cluster

'Corporate Governance & Responsibility' theme

Corporate Governance & Responsibility focuses on the wide set of relationships between a company’s board, its shareholders and other stakeholders. Members are interested in investigating internal and external systems of checks and balances that control operations at a company, but also examine corporations in the context of the wider society within which they operate, highlighting the importance of corporate social responsibility and stakeholders engagement to companies and investors from a corporate governance perspective.

Research covers the following areas:

  • Boards of directors and top executive team
  • Institutional investors and shareholder activism
  • Executive compensation and insider trading
  • Auditing and the role of auditors in ensuring the quality of corporate information
  • Corporate social responsibility and governance of stakeholders
  • Conflict of interest between different stakeholders

Selected publications

  • Fabrizi, M., Mallin, C.A., and Michelon, G. 2014. The role of CEO’s personal incentives in driving corporate social responsibility. Journal of Business Ethics 24(2), 311-326
  • Gregory, A., Tharyan, R. and Whittaker, J. 2014. Corporate social responsibility and firm value: disaggregating the effects on cash flow, risk and growth, Journal of Business Ethics, 12(4), 633–657
  • Hass, L.H., Tarsalewska, M. and Zhan, F. Forthcoming. Equity Incentives and Corporate Fraud in China, Journal of Business Ethics
  • Kumar, K. Michelon, G., and Boesso, G. Forthcoming. How do Strengths and Weaknesses in Corporate Social Performance across Different Stakeholder Domains Affect Company Performance: An Empirical Investigation. Business Strategy and the Environment
  • Michelon, G., and Rodrigue, M. 2015. Demand for CSR: insights from shareholders proposals. Social and Environmental Accountability Journal, 35(3), 157-175.
  • Shaukat, A., Qiu, Y. and Trojanowski, G. Forthcoming. “Board attributes, corporate social responsibility strategy, and corporate environmental and social performance”, Journal of Business Ethics

Working papers

  • Arena C., Michelon G., and Trojanowski, G. 2016. Innovating for CSR: the influence of CEO hubris and directors capital on environmental innovation
  • Bouten, L., Cho C.H., Michelon G. and Roberts, R.W. 2015. Does the choice of CSR performance rating provider matter?
  • Brigham, M., Kiosse, P. V. and Otley, D. 2016. The business case as contract: Accounting for sustainability as a second order contract.
  • Horton, J., Tsipouridou, M., and Wood, A. 2015. European market reaction to audit reforms.
  • Horton, J., Tuna, I., and Wood, A. 2016. Audit Partner Performance: A Network Perspective.
  • Kallunki, J. and Livne, G. 2016. Does Street Earnings Matter More than GAAP Earnings for CEO Turnovers?
  • Michelon, G. Rodrigue, M. and Trevisan E. 2016. No pressure, no diamonds: the role of shareholder activism on CSR transparency
  • Park, M. 2015. What drives corporate insurance demand? Evidence from directors' and officers' liability insurance in Korea.
  • Shaukat, A., Qiu, Y. and Trojanowski, G. 2016. Board governance and corporate performance in the UK
  • Sonika, R. and Shackleton, M., 2015. Buyback behaviour and the antidilution of dilutive stock options
  • Sonika, R. and Shackleton, M., 2015. Shifts in compensation structure, risk-taking incentives and policy outcomes
  • Trucco, S., DiMartini, C., and McMeeking, K. 2016. Intellectual capital disclosure, audit risk and audit fees