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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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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...

Stanford Closer Look|

Governance of Corporate Insider Equity Trades

John D. Kepler, David F. Larcker, Brian Tayan, Daniel J. Taylor
Stanford Closer Look Series. Corporate Governance Research Initiative, January
2020

Corporate executives receive a considerable portion of their compensation in the form of equity and, from time to time, sell a portion of their holdings in the open market. Executives...

Core Concept|

The Principles of Corporate Governance: A Guide to Understanding Concepts of Corporate Governance

David F. Larcker, Brian Tayan
Core Concepts Series. Corporate Governance Research Initiative, January
2020

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide takes an in-depth look at the Principles of Corporate Governance.

Survey|

2019 U.S. Tax Survey

David F. Larcker, Brian Tayan
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance, November
2019

In October 2019, the Rock Center for Corporate Governance at Stanford University conducted a nationwide survey of 3,062 individuals — representative by age, race, political affiliation, household income, and state...

Stanford Closer Look|

Pay for Performance … But Not Too Much Pay: The American Public’s View of CEO Pay

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2019

Among the controversies in corporate governance, perhaps none is more heated or widely debated across society than that of CEO pay. The views that American citizens have on CEO pay...

See also Corporate Governance

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