Estudia

1. Overview. Firms and corporations. Shareholders, managers, and stakeholders.

2. Mergers and acquisitions. Recent takeover waves.

3. Modern trends: stock ownership and executive compensation.

4. Modern trends: institutional investors.

5. Private equity and its governance mechanisms.

6. Corporate Governance and the recent economic crisis

• A. Berle and G. Means (1932). The Modern Corporation and Private Property. Transaction Publishers.
• Alfred Chandler (1977). The Visible Hand: Managerial Revolution in American Business. Harvard University Press.
• Andrei Shleifer and Robert Vishny (1997). A Survey of Corporate Governance. The Journal of Finance, LII(2), 737-783
• Luigi Zingales (1997). Corporate Governance. Dins (Ed.), The New Palgrave Dictionary of Economics and the Law (, p. 1-20). Palgrave.
• OECD (2005). Survey of Corporate Governance Developments in OECD Countries. Recuperat , a http://www.oecd.org/
• OECD (2004). OECD Principles of Corporate Governance. Recuperat , a http://www.oecd.org/
• Bengt Holmstrom and Steven Kaplan (2003). The State of US Corporate Governance: What's Right and What's Wrong?. Journal of Applied Corporate Finance,, 8-20
• Bengt Holmstrom and Steven Kaplan (2001). Corporate Governance and Merger Activity in the US: Making Sense of the 80s 90s. Journal of Economic Perspectives,, 121-144
• Gregor Andrade, Mark Mitchell, and Erik Stafford (2001). New Evidence and Perspectives on Mergers. Journal of Economic Perspectives,, 103-120
• Brian Hall and Kevin Murphy (2003). The Trouble with Stock Options. Journal of Economic Perspectives,, 49-70
• Brian Hall (2003). Six Challenges in Designing Equity-Based Pay. Journal of Applied Corporate Finance,, 21-33
• Randall Morck and Masao Nakamura (2005). A Frog in a Well Knows Nothing of the Ocean: Corporate Ownership in Japan. Dins Randall Morck (Ed.), A History of Corporate Governance Around the World (, p. 1-126). University of Chicago Press.
• Caroline Fohlin (2005). The History of Corporate Ownership and Control in Germany. Dins Randall Morck (Ed.), A History of Corporate Governance Around the World (, p. 1-76). University of Chicago Press.
• Marco Becht and Bradford DeLong (2005). Why Has There Been So Little Block Holding in America?. Dins Randall Morck (Ed.), A History of Corporate Governance Around the World (, p. 1-93). University of Chicago Press.

Activitats d'avaluació:

Students' evaluation will be based on the tests that will be held during the course and on a final exam. Additionally, students will be required to make a presentation in class.

The articles to be presented in class will be posted in our web page in electronic format.