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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.

Stanford Closer Look|

Scaling Up: The Implementation of Corporate Governance in Pre-IPO Companies

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2018

Companies are required to have a reliable system of corporate governance in place at the time of IPO in order to protect the interests of public company investors and stakeholders....

Stanford Closer Look|

The Double-Edged Sword of CEO Activism

David F. Larcker, Stephen A. Miles, Brian Tayan, Kim Wright-Violich
Stanford Closer Look Series. Corporate Governance Research Initiative, November
8 , 2018

CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in...

Survey|

The Evolution of Corporate Governance: 2018 Study of Inception to IPO

David F. Larcker, Brian Tayan
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance, November
2018

In summer and fall 2018, the Rock Center for Corporate Governance at Stanford University surveyed 53 founders and CEOs of 47 companies that completed an Initial Public Offering in the...

Working Paper|

Long-Term Economic Consequences of Hedge Fund Activist Interventions

Ed deHaan, David F. Larcker, Charles McClure
October 3, 2018

We examine the long-term effects of interventions by activist hedge funds. Prior papers document positive equal-weighted long-term returns and operating performance improvements following activist interventions, and typically conclude that activism...

Survey|

2018 CEO Activism Survey

David F. Larcker, Brian Tayan
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance, October
2018

In summer and fall 2018, the Rock Center for Corporate Governance at Stanford University conducted a nationwide survey of 3,544 individuals — representative by gender, race, age, household income, and...

Quick Guide|

Board Structure: Data

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, September
2018

This Data Spotlight provides data and statistics on the attributes of boards of directors of publicly traded companies in the United States. This data supplements the issues introduced in the...

Stanford Closer Look|

Cashing It In: Private-Company Exchanges and Employee Stock Sales Prior to IPO

David F. Larcker, Brian Tayan, Edward Watts
Stanford Closer Look Series. Corporate Governance Research Initiative, September
2018

Companies in the United States are staying private longer, and this trend has important implications for companies and their employees. Employees holding equity awards in private companies are restricted from...

Quick Guide|

CEO Succession: Data

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, September
2018

This Quick Guide provides data and statistics on the attributes of the CEOs and CEO succession events at publicly traded companies in the United States. This data supplements the issues...

Quick Guide|

Corporate Governance Failure, Fraud, and Scandal: Data

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, September
2018

This Data Spotlight provides data and statistics on unethical behavior in corporations and other negative outcomes including bankruptcy, litigation, and corruption in the United States. This data supplements in the...

Core Concept|

Board of Directors: A Guide to Understanding Concepts of Corporate Governance

David F. Larcker, Brian Tayan
Core Concepts Series. Corporate Governance Research Initiative, July
2018

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide will take an in-depth look at Board of Directors.

man in a suit holding his smartphone in front of his laptop

Corporate Governance Insights by Stanford Business

November 28, 2018
Written

The Cost of CEO Activism

A new survey shows how Americans respond to CEOs who weigh in on controversial issues.
People show support of Colin Kaepernick. Credit: Reuters/Stephanie Keith
November 2, 2018
Written

Risks and Rewards of the Mysterious Private Stock World

Private marketplaces are thriving as companies leverage a valuable recruitment tool.
An illuminated sign appears in a Lyft ride-hailing car. Credit: Reuters/Chris Helgren
August 29, 2018
Written

How CEOs Reinvented the Dating Game Scandal in Stock Options

A study finds that companies have come up with a new variant on backdating stock options to reap windfall profits.
Illustration of a man manipulating the performance stocks. Credit: istock/dane_mark
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