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Research by the Corporate Governance Research Initiative

CGRI research spans these topics: general principles, board of directors, leadership and succession planning, compensation, audit and risk, shareholders, and proxy advisory.

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Book|

Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (3rd Edition)

David F. Larcker, Brian Tayan
November 11, 2020

The Definitive Guide to High-Performance Corporate Governance

Fully updated for the latest research, trends, and regulations, Corporate Governance Matters, Third Edition, offers comprehensive and objective information for everyone seeking to...

Book Cover for Corporate Governance Matters
Stanford Closer Look|

Environmental Spinoffs: The Attempt to Dump Liability Through Spin and Bankruptcy

Andrew C. Baker, David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2020

Environmental costs are a legal obligation of companies and proper corporate governance requires that they be dealt with responsibly. Unfortunately, disturbing examples exist where companies have taken aggressive action to...

Quick Guide|

Alternative Models of Governance

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, September
2020

Other organizational structures exist besides public corporations. Examples include family-controlled businesses, venture-backed companies, private equity-owned businesses, and nonprofit organizations. Each of these faces their own issues relating to purpose, ownership,...

Stanford Closer Look|

Sharing the Pain: How Did Boards Adjust CEO Pay in Response to COVID-19?

Amit Batish, Andrew Gordon, David F. Larcker, Brian Tayan, Edward M. Watts, Courtney Yu
Stanford Closer Look Series. Corporate Governance Research Initiative, September
2020

Scrutiny of CEO pay increases during times of economic stress, when it is not clear how much pay CEOs should receive when corporate profitability suffers due to an unforeseen decline...

Journal Article|

Political Connections and the Informativeness of Insider Trades

Alan D. Jagolinzer, David F. Larcker, Gaizka Ormazabal, Daniel J. Taylor
The Journal of Finance. August
2020, Vol. 75, Issue 4, Pages 1833–1876

We analyze the trading of corporate insiders at leading financial institutions during the 2007 to 2009 financial crisis. We find strong evidence of a relation between political connections and informed...

Stanford Closer Look|

Blindsided by Social Risk: How Do Companies Survive a Storm of Their Own Making?

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, July
2020

Our concept of risk continues to broaden and now includes instances in which representatives of a company make statements, actions, or decisions that damage the firm by inviting public scrutiny,...

Stanford Closer Look|

The Spread of COVID-19 Disclosure

David F. Larcker, Bradford Lynch, Brian Tayan, Daniel J. Taylor
Stanford Closer Look Series. Corporate Governance Research Initiative, June
2020

Investors rely on corporate disclosure to make informed decisions about the value of companies they invest in. The COVID-19 pandemic provides a unique opportunity to examine disclosure practices of companies...

Research Spotlight|

Board Composition, Quality, & Turnover

David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative, April
2020

This Research Spotlight provides a summary of the academic literature on board composition, quality, and turnover. It reviews the evidence of:

  • The appointment of outside CEOs as directors
  • The
    • ...
Stanford Closer Look|

Diversity in the C-Suite

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, April
2020

There has been a broad push in recent years to increase diversity at the board and CEO levels of public corporations. Despite this effort, diversity on boards and in senior...

Stanford Closer Look|

The First Outside Director

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, April
2020

Little is known about the process by which pre-IPO companies select independent, outside board members — directors unaffiliated with the company or its investors. Private companies are not required to...

See also Corporate Governance

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