ICCGEM 2013

Welcome to the conference

 






CALL FOR PAPERS


4th International Conference on Corporate Governance in Emerging Markets
August 23-24, 2013

Indian School of Business, Hyderabad, INDIA



Supported by



Submission Deadline
February 28, 2013

The IFC-Global Corporate Governance Forum (IFC-GCGF), the Indian School of Business (ISB), and the Indira Gandhi Institute of Development Research (IGIDR), call for papers to be presented at the 4th International Conference on Corporate Governance in Emerging Markets to be held on August 23-24, 2013 in Hyderabad, INDIA. The conference series brings together researchers from around the world investigating the impact of corporate governance on firm performance and economic development, and the role of legal, economic and political institutions in shaping corporate governance systems in emerging markets. The conference series aims to facilitate dissemination of state of the art research on corporate governance in emerging markets with the objective of supporting policy and practice development. To this end the conference will provide a forum to discuss and solicit research from both theoretical and policy perspectives to improve corporate governance research. The conference will also provide an opportunity to inquire how academic research findings relate to practice in emerging markets by having leading practitioners as discussants.

The conference series is an undertaking of EMCGN (Emerging Markets Corporate Governance Research Network) chaired by Prof. Stijn Claessens of University of Amsterdam and IMF:
http://www.gcgf.org/wps/wcm/connect/Topics_Ext_Content/IFC_External_Corporate_Site
/Global+Corporate+Governance+Forum/Research+Network/

As in past conferences – hosted by Sabanci University Corporate Governance Forum in 2007, by Coppead Graduate Business School and the FGV Law School in 2009, and by Corporate Governance Institute at Korea University in 2011 – papers on all aspects of corporate governance are welcome. The conference particularly invites papers focusing on comparative research comprising clusters of countries sharing similar institutional or macroeconomic characteristics. Clusters may comprise of countries that are geographically close as in regions, or distant such as the BRIC countries or countries with similar corporate governance reform approaches. Papers are expected to be from law, economics and finance fields, but the conference also welcomes papers from a variety of other disciplines such as sociology, organizational science, and management. Both theoretical and empirical papers, as well as clinical studies, are welcome. Researchers from emerging market institutions are strongly encouraged to participate.


Key Note Speakers of the Conference are:

  • Viral V. Acharya, C.V. Starr Professor of Economics, Department of Finance, New York University Stern School of Business
  • Steve Lydenberg, Partner, Strategic Vision, Domini Social Investments LLC


Conference Themes


(1)  Dynamic aspects of ownership and control structures
  • Family-owned firms. How does family ownership shape the short and long-run aspects of management and strategy of emerging market firms? Issues to be analyzed include those related to liquidity, growth, and transition to a more widely held corporation, intra-familial disagreements, disputes about succession, and system-wide corporate governance questions arising from family control.
  • Business groups. Issues arising from the exercise of control over a portfolio of firms and firm level performance implications, issues related to concentration of economic power and its economic and political implications.
  • Governance mechanisms and implications for firm level governance indicators. Issues stemming from overlap of management, ownership and control, the role of executive compensation and the effect of managerial labor markets, the role of internal markets in business groups, the role of the board of directors and controlling shareholder influence on corporate boards. Which firm level governance indicators are meaningful in emerging markets?
  • The corporate governance of financial institutions. Issues related to the role of banks in business groups, governance of banks in emerging markets and implications for external financing.
  • The role of institutional investors. Issues related to the role of domestic and foreign institutional investors in emerging markets, the determinants and effects of their activism, and the governance of the institutional investors themselves.

(2) New dimensions of firm-society interactions and governance implications
  • “Corporate Social Responsibility”. What does CSR entail? What are the specific aspects of CSR in emerging markets? What is the relationship between a firm’s CSR strategy and its governance structure and the national governance system in which the firm is embedded? Should the objective of the firm be the maximization of shareholder value or is a broader perspective focused on the sustainability of the firm more useful in emerging markets? Do stakeholders play a role in disciplining firms in emerging markets?
  • Sustainable development and climate change. How and when do externalities negatively or positively affect corporate financial performance? What are the implications for corporate governance of firms and asset managers?
  • “Socially responsible investments”. What specific non-financial factors are related to long-term financial performance? Are there more efficient corporate governance models or systems that promote internalization of negative externalities and/or pursuit of a positive social impact?

(3) Public and private enforcement and dynamic changes
  • Improving enforcement in weak environments. How can a better enforcement environment be engineered, what factors determine the degree to which the private sector can solve enforcement problems, and what determines the need for public sector involvement in enforcement?
  • Roles of voluntary mechanisms. How can voluntary mechanisms such as cross-listings, and adoption of best practice codes and international accounting standards promote transparency and better governance; do firms that adopt voluntary mechanisms experience lower cost of capital and/or better performance?
  • The dynamic aspects of institutional change. Does change occur in a more evolutionary way during normal times or more abruptly during times of financial or political crises, do global findings apply directly to country-specific circumstances or do these findings need to be adapted to country specific institutional features?


Paper Submissions

The deadline for submitting papers is February 28, 2013. Accepted papers will be announced by April 30, 2013. Submissions can be done either online or by email. All submissions must be in English. The cover page should have the title and information for each author, while the second page should have just the title and abstract with no identification of authors (nor should authors be identifiable in the remainder of the paper). The preferred file format is pdf but doc files are also acceptable.

If you like to submit a paper now please click the following link: Paper Submissions


Travel and Expenses

Reasonable economy class travel expenses for one presenter of each accepted paper will be reimbursed by the organizing institutions after the conference if requested. The organizing institutions at the conference will also cover lodging expenses for one presenter of each accepted paper.



Organizing Committee


Melsa Ararat (IFC-GCGF and Sabanci University)
Stijn Claessens (IMF and University of Amsterdam)
Rajesh Chakrabarti (Indian School of Business)
Jayati Sarkar (Indira Gandhi Institute of Development Research)
Subrata Sarkar - Chair (Indira Gandhi Institute of Development Research)
Krishnamurthy Subramanian (Indian School of Business)
BurcinYurtoglu (WHU – Otto Beisheim School of Management)


Scientific Committee


Viral Acharya (New York University)
Renee Adams (University of Queensland)
Franklin Allen (Wharton School)
N. Balasubramanian (Indian Institute of Management, Bangalore)
Lucian Bebchuk (Harvard University)
Roland Benabou (Princeton University)
Erik Berglof (EBRD)
Bernard Black (Northwestern University)
Stijn Claessens (IMF and University of Amsterdam)
Martijn Cremers (Yale University)
Joseph Fan (The Chinese University of Hong Kong)
Igor Filatotchev (City University of London)
Ronald Gilson (Stanford University)
Hasung Jang (Korea University)
Junkoo Kang (Nanyang Technological University of Singapore)
Vikramaditya S. Khanna (University of Michigan)
Woojin Kim (Seoul National University)
Bruce Kogut (INSEAD and Columbia University)
Ricardo P. Camara Leal (Universidade Federal Do Rio de Janeiro)
Kai Li (University of British Columbia)
Dirk Matten (York University)
Randall Morck (University of Alberta)
Enrico Perotti (University of Amsterdam)
Katharina Pistor (Columbia University)
Raghuram Rajan (The University of Chicago)
Mark Roe (Harvard University)
Kaustav Sen (Indian Institute of Management, Kolkata)
Pradeep Yadav (University of Oklahoma)
Yishay Yafeh (The Hebrew University of Jerusalem
Luigi Zingales (University of Chicago)

Questions about the conference can be addressed to iccgem2013@igidr.ac.in , and copied to melsaararat@sabanciuniv.edu

Conference Website: http://www.igidr.ac.in/iccgem2013