Professor David F. Larcker, director of the Corporate Governance Research Program.
Highlighted Research and Events
- New research study entitled "Rating the Ratings: How Good Are Commercial Governance Ratings?"
by faculty members David F. Larcker, Robert M. Daines and doctoral student Ian Gow casts doubt on the merits of corporate governance ratings.
Press Release:
How Good Are Commercial Corporate Governance Ratings?
Stanford GSB News, June 2008
A study by Stanford law and business faculty members casts strong doubt upon the value and validity of the ratings of governance advisory firms that compile indexes to evaluate the effectiveness of a publicly held company’s governance practices.
Who's Watching the Watchdogs? Fortune, June 26, 2008
- The Latest Insider-Trading Worries
Boardmember.com, Jul/Aug 2008
(free registration to access)
Boardmember magazine cites Professor Alan Jagolinzer's research study on 10b5-1 trading plans in an article discussing insider trading concerns. - Stanford Directors' Forum brings latest research to the boardroom
Video
(from CNBC)
Dates: May 6 - 8, 2009
Application Deadline: March 30, 2009 - New series of corporate governance teaching cases available
- "The Impact of the General Counsel on Corporate Governance"
(Abstract)
New research study examines the role of the General Counsel in restricting insider trading by corporate officers during the blackout window specified by corporate insider trading policies. Study conducted by Professors David F. Larcker, Alan Jagolinzer, et. al. (May 2008) - "Scienter Disclosure"
(Abstract)
Research conducted by Professor Alan Jagolinzer et. al - evidence that Rule 10b5-1 disclosure increases with firm litigation risk and insider strategic trade potential. Evidence also indicates that Rule 10b5-1 disclosure is associated with greater abnormal returns to insiders’ trades, especially for firms disclosing specific plan details. (May 2008)
- Gaining in Corporate Governance
Women on Board Panel Discussion
Panel examines the impact that women are having in the board room of corporations, as well as how professional women in their early and mid-career can prepare for future roles. (April 2008) Video
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New Directions for Corporate Governance-Annual Symposium
The Rock Center for Corporate Governance together with the Stanford Law Review, held its 2008 annual symposium which focused on issues of corporate governance, and featured a keynote address by Richard Breeden, founder of activist hedge fund Breeden Partners and former Chairman of the SEC. (February 2008) - How to Run a Private Equity Firm
Warren Hellman on Corporate Governance and Best Practices in Private Equity
Video
(1:08 requires Apple QuickTime™ media player)
Since its founding in 1984, Hellman & Friedman, a San Francisco-based private equity investment firm, has raised and managed approximately $16 billion of committed capital with a strategy to be a value-added partner to management in select industries. Mr. Hellman has served as a director of numerous companies and offered his perspective on governance issues and their importance in private equity transactions.(October 2007) -
Do SEC Rules on Insider Trading Really Protect?
Securities and Exchange Commission Rule 10b5-1, designed to keep permitted insider trades from hurting others in the market, may not be achieving its goal, says Professor Alan Jagolinzer (Stanford GSB News, June 2007) - The Lucky Strikes: Public Policy Issues in Backdating and Springloading conference
Changing the Debate about Corporate Governance-the conference explored the U.S. stock options backdating scandal that looks likely to continue expanding to more companies as government investigations, internal corporate inquiries and academic research reveal more problems. (October 2006)
Corporate Governance Research Program
Our Goal
The Corporate Governance Research Program, established in 2006, aims to become a leader in developing systematic knowledge and education about domestic and international corporate governance.
Corporate governance refers to a broad collection of mechanisms used to guide the behavior of managers so that the interests of shareholders and other relevant parties are protected. Despite the widespread attention that corporate governance receives from the press, equity investors, and government agencies, there is little empirical evidence that clearly demonstrates how, or whether, corporate governance practices affect outcomes important to investors. More basically, there is little understanding of which practices are the most important.
Under faculty leadership, the program aims to leverage the research scholarship of the Graduate School of Business faculty members to generate new insights into the fundamental "big issues" surrounding corporate governance.
Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University |
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The Corporate Governance Research Program is part of the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University, a joint initiative of the Stanford Graduate School of Business and Stanford Law School. |
The Rock Center was created with the vision that advances in the understanding and practice of corporate governance are most likely to occur in a cross–disciplinary environment where academics, economists, lawyers, financial experts, political scientists, engineers and practitioners can meet and work together. |
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Read About the Program
- Tackling Corporate Governance
Managers, directors, and investors are all blamed for corporate missteps. David F. Larcker, the James Irvin Miller Professor of Accounting at the Graduate School of Business, who heads the School's corporate governance program, says Business School researchers are positioned to temper strong opinions with more facts (from Stanford Business, August 2006).
Contact Us
- To join our mailing list to be advised of upcoming events and other important communications, please email: corpgovernance@gsb.stanford.edu

