Professor David F. Larcker, director of the Corporate Governance Research Program.
![[photo - Prof. David F. Larcker]](../../photos/faculty-Dave-Larker-023.JPG)
Highlighted Research and Events
- Directors' Consortium
The Directors' Consortium offers even experienced directors the benefit of a research-based, comprehensive approach to the complex decisions that board members must make. Taught by faculty from accounting, finance, law, public policy, and strategic management, this program helps build a "best practices" framework for thinking about and making informed board decisions. - Insiders' Preset Plans Portend a Prescience
Wall Street Journal, June 24, 2009
"Research from Stanford University accounting professor Alan Jagolinzer suggests that prearranged trades are actually more likely to predict future stock-price movements than other insider transactions."
- Executives' Stock Deals Preceded Price Drops
Wall Street Journal, June 4, 2009
Prof. Alan Jagolinzer's research study on prepaid variable forward contracts is cited.
- The Right Way to Pay
Forbes, May 11, 2009
Prof. David Larcker says companies can measure performance one of three ways: by stock price gains (with or without dividends added), by accounting measures (like profit gains) and by nonfinancial indexes like customer satisfaction and employee turnover. - Rock Center for Corporate Governance Working Paper Series on the Corporate Governance Network (SSRN)
- Effectiveness of board of directors of companies
The Economic Times, March 20, 2009
Professor Dave Larcker's article discussing board effectiveness and how the board characteristics commonly accepted as key (e.g. independence, etc.) may not be the right elements to focus on. - Research study: "Rating the Ratings: How Good Are Commercial Governance Ratings?"
(June 2008)
Press Release: How Good Are Commercial Corporate Governance Ratings? Stanford GSB News, June 2008 - New case studies 2009:
-The Management of Berkshire Hathaway
-Selecting a CEO: The Leader, the Business Builder, or the Technologist - Series of corporate governance case studies
Corporate Governance Research Program
The Corporate Governance Research Program, established in 2006, is a leader in developing 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 stakeholders 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 (e.g. board independence, structure, etc.) affect outcomes important to investors. More basically, there is little understanding of which practices are the most important.
The program leverages the research scholarship of the Graduate School of Business faculty to generate new insights into the fundamental "big issues" surrounding corporate governance.
Changing the Debate About Corporate Governance
The Corporate Governance Research Program is part of the Rock Center for Corporate Governance |
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. |
![[Rock Center for Corporate Governance logo]](images/RockCenterLogo_4-08-400pxgif.gif)
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).