The First Summer School has selected a group of top researchers
with influential work on corporate governance, from an economic,
legal and political perspective. The aims is to develop cutting
edge thinking in the main disciplinary approaches to corporate governance
which are indispensable to understand the nature of corporate governance
systems across the world, their merits and limits, and their variation
over time to educate young researchers in the field. The school
is targeted to doctorate and post-doctorate students in economics,
law and political science.
The aim is to progress from a tradition of describing governance
differences across financial and legal systems to a scientific approach
of explaining their origins, structure and performance, in order
to understand their comparative advantages and inspire the current
debate on corporate governance reform.
The Summer school includes three PhD courses, of four or five lectures
each. There will be opportunities for student interaction with the
instructors, aimed at obtaining feedback.
Participants are invited to attend the conference “Large Shareholder
Involvement in Corporate Governance” at the Anton Philips
Center in Gruenendaal in the afternoon of Monday 12. Local transport
will be provided.
0930-1200 Monday 12th through Thursday 15th
0930-1200 Monday 19th
The first part of this course will develop the theoretical foundation
of financial contracting and the economic theory of the allocation
of control rights. The second part will examine specific empirical
evidence on the effect of different control allocation systems,
with some focus on developing countries.
Instructor: Prof. Bruno Biais (Univ Toulouse)
and Stijn Claessens (World Bank)
Governance systems and investor protection in developed and developing
1330-1600, Thursday 15th or Friday 16th
1330-1600 Monday 19th Tuesday 20th and Wednesday 21st
This course will cover recent literature on the institutional determinants
of investor protection across developed and less developed countries.
It will cover legal origin and political economy theories on the
effect of investor protection on financial development and corporate
governance, as well as on corporate performance. The second part
will review the emerging literature on the political determinants
for access to finance in developing countries.
Instructors: Prof. Enrico Perotti (UvA), Steve
Haber (Stanford) and Stijn Claessens (World Bank)
Corporate governance law
1330-1600, Tuesday 13th through Thursday 15th
0930-1200, Monday 19th, Tuesday 20th and/or Wednesday 21st
The course will analyze differences in legislation and jurisprudence
across legal systems, focusing on major corporate control questions
such as takeovers, mergers and managerial compensation.
Instructor: Prof. Katharina Pistor (Columbia),
Joe McCahery (UvA) and Jaap Winter (UvA)