Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 17th May 2024, 05:43:06am CEST

 
 
Session Overview
Date: Friday, 20/Oct/2023
2:00pm - 2:45pmBOD: ICGS Board of Directors Meeting
Location: T 16.01
*By invitation only
3:30pm - 6:00pmPDW
Location: T 16.01
Session Chair: Konstantinos Stathopoulos, Alliance Manchester Business School, United Kingdom
Session Chair: Till Talaulicar, University of Erfurt, Germany
*By invitation only
Additional meeting rooms: T-13.03, T 13.04
7:00pm - 8:30pmWelcome Reception: Welcome Reception featuring Helena Viñes Fiestas
Location: T-Foyer
Helena is commissioner of the Spanish Financial Markets Authority (CNMV) and Chair of the EU Platform on Sustainable Finance. She is also a member of the UN Secretary-General High-Level Expert Group on Net Zero Pledges and of the EIB´s Climate and Environment Advisory Council. Helena was co-rapporteur of the EU Platform on Sustainable Finance (2020-2022) and had previously been a member of the Technical Expert Group on Sustainable Finance whose role was to assist the European Commission in the development of EU taxonomy and the implementation of the EC Action Plan (2018-2020).
Date: Saturday, 21/Oct/2023
8:00am - 9:00amRegistration
Location: T-Lobby
9:00am - 9:15amOpening
Location: Auditorium (-4 floor)
9:30am - 11:00amPS I.1: Executive Compensation and incentives
Location: T 14.01
Session Chair: Konstantinos Stathopoulos, Alliance Manchester Business School, United Kingdom
 
ID: 313 / PS I.1: 1
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Passive ownership, executive compensation, performance-vesting awards, corporate governance, Say-on-Pay

The Role of Passive Ownership in the Era of Say-on-Pay

Brian Kim1, Kiseo Chung2

1Baylor University, United States of America; 2Texas Tech University, United States of America;



ID: 275 / PS I.1: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Director appointment; Common ownership; Shareholder connections; Corporate governance

Shareholder-connected Director Appointments: Evidence from Common Ownership

Yang Cao

Grenoble Ecole de Management, France;



ID: 174 / PS I.1: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Non-compete agreements; Human capital; Executive pay gap; Tournament incentives

Outside employment opportunities and tournament incentives

Yue Feng, Amedeo De Cesari, Konstantinos Stathopoulos

University of Manchester, United Kingdom;



ID: 163 / PS I.1: 4
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Banks, Board Structure, Single Supervisory Mechanism, Corporate Governance

The Effect of Bank Supervision on Bank Boards

Carlo Chiarella, Pedro Jesús Cuadros-Solas, Ludovico Rossi

CUNEF Universidad, Spain;

 
9:30am - 11:00amPS I.2: External Auditors
Location: T 14.03
Session Chair: Kurt Desender, Universidad Carlos III, Madrid, Spain
 
ID: 145 / PS I.2: 1
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Blockchain; Audit Fees; Audit Risk.

Do Auditors Charge Clients with Blockchain Investments Higher Audit Fees?

Jean Jinghan Chen1, Lingyu Huang2, Jason Xiao2

1University of Kent, United Kingdom; 2University of Macao;



This paper has been recommended for the best paper award.
ID: 276 / PS I.2: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Antitakeover provisions, Audit fees, Financial Reporting, External Corporate Governance

Through the Auditor's Lens: Are Antitakeover Provisions a Corporate Governance Asset or Liability?

Kurt Desender, Mónica López-Puertas Lamy

Universidad Carlos III, Madrid, Spain;



This paper has been recommended for the best paper award.
ID: 217 / PS I.2: 3
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: : Media coverage, audit fee, litigation risk, audit effort, attention-grabbing, monitoring.

The Monitoring Versus Attention Effects of Media Coverage On Audit Fees

Stephen Gong1, Jean Chen2, Fai Lim Loi3

1Xi'an Jiaotong-Liverpool University, China, People's Republic of; 2University of Kent, UK; 3Tsinghua University, China, People's Republic of;

 
9:30am - 11:00amPS I.3: Family owners and their influence on their businesses
Location: T 15.01
Session Chair: Marc Steffen Rapp, Philipps-Universität Marburg, School of Business & Economics, Germany
Session Chair: Jose Rivas, ITAM, Mexico
 
This paper has been recommended for the best paper award.
ID: 127 / PS I.3: 1
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: carbon emission, ESG, governance, family firms, greenwashing, climate change

Family Ownership and Carbon Emissions

Marcin Borsuk1, Nicolas Eugster2, Paul-Olivier Klein3, Oskar Kowalewski4

1Institute of Economics, Polish Academy of Science; 2University of Queensland, Australia; 3University of Lyon, France; 4IESEG School of Management, France;



This paper has been recommended for the best paper award.
ID: 129 / PS I.3: 2
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Ownership, Family firms, Cost stickiness, Labor costs, Socioemotional wealth

Founding Family Firms and Labor Cost Stickiness

Marc Steffen Rapp, Carsten Gnoth, Iuliia Udoieva

Philipps-Universität Marburg, School of Business & Economics, Germany;



ID: 160 / PS I.3: 3
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Ownership; performance aspirations; time horizon; top management team.

The Role of Blockholders in Top Management Team Reconfiguration

Nikolaos Kavadis1, Alejandro Escribá-Esteve2, José Fernando López-Muñoz3

1Copenhagen Business School, Denmark; 2University of Valencia, Spain; 3University Jaume I, Spain;



ID: 315 / PS I.3: 4
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Family Ownership, IT overinvestment, IT underinvestment, Institutional Legitimacy

Family ownership and the returns on IT investment deviations in Spanish unlisted firms: An institutional legitimacy challenge

Nestor U. Salcedo1,2, Miguel García-Cestona1

1Universitat Autònoma de Barcelona, Spain; 2ESAN Graduate School of Business;

 
9:30am - 11:00amPS I.4: Institutions and Regulations
Location: T 15.02
Session Chair: Toru Yoshikawa, Waseda University, Japan
Session Chair: Sebastian Firk, University of Groningen, Netherlands, The
 
ID: 106 / PS I.4: 1
Track F: Comparative Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: gender diversity reforms, risk-taking, family firms

Gender Diversity Reforms and Corporate Risk-taking: The Role of Family Business Prevalence

Jannine Poletti-Hughes, Dilrukshi Dimungu-Hegawe, Yang Zhao

University of Liverpool, United Kingdom;



ID: 136 / PS I.4: 2
Track F: Comparative Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Business Groups; Tax Havens; Ethnicity; Polity; Institutions; Caribbean

“KEEP IT IN THE FAMILY”: THE IMPACT OF NATIONAL INSTITUTIONS AND FAMILY BUSINESS GROUPS ON FIRM-LEVEL DISCLOSURE IN THE CARIBBEAN TAX HAVENS

Bruce Hearn1, Igor Filatotchev2

1University of Southampton; 2Kings College London;



ID: 172 / PS I.4: 3
Track F: Comparative Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: timeliness of financial statements; accounting regulation; public policies; guaranteed loans; Covid-19; crisis

Changes to Accounting Policies, Financial Reporting Quality and Guaranteed Loans during the Covid-19 Crisis

Bruno Buchetti1, Mircea Epure2,3,4, Amedeo Pugliese1

1University of Padova, Italy; 2Pompeu Fabra University, Spain; 3Barcelona School of Economics; 4UPF-Barcelona School of Management;

 
9:30am - 11:00amPS I.5: Compensation and ESG
Location: T 15.03
Session Chair: Juan Pedro Gómez, IE Business School, Spain
Session Chair: Charlotte Antoons, Erasmus University Rotterdam, Netherlands, The
 
This paper has been recommended for the best paper award.
ID: 209 / PS I.5: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: executive contracting, ESG metrics, compensation committee members, interlocks

ESG contracting and imitation behavior: Does the channel via which imitation arises matter?

Charlotte Antoons1, Eddy Cardinaels2, Liesbeth Bruynseels3

1Erasmus University Rotterdam; 2Tilburg University; 3KU Leuven;



ID: 200 / PS I.5: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: outside director incentive compensation, CSR performance, dual agency theory, institutional ownership, CSR committee

Aligning Incentives for a Sustainable Future: Exploring the Link Between Outside Director Incentive Compensation and Firm CSR Performance

Mieke Dingenen, Ann Gaeremynck, Dieter Smeulders

KU Leuven, Belgium;



ID: 162 / PS I.5: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Proposal (abstract)
Keywords: Top Executives, gender, role congruence theory, panel data, voice pitch

Does Masculinity Pay? How Executives' Masculinity (vs. Femininity) and Gender Affect Compensation

Seung-Hwan Jeong1, Ilaria Orlandi2, Yusen Xia3, Alireza Aghasi4

1University of Georgia; 2Copenhagen Business School; 3Georgia State University; 4Oregon State University;



ID: 144 / PS I.5: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Executive communication, multimodality, natural language processing, CEOs, information processing

Speaking fast and slow: Examining CEOs’ verbal speech rate

Joris Berns

Tilburg University, Netherlands, The;

 
9:30am - 11:00amPS I.6: Corporate Governance and Sustainability
Location: T 15.04
Session Chair: Ruth Aguilera, Northeastern University, United States of America
 
ID: 230 / PS I.6: 1
Track A: Sustainable Corporate Governance
Submission Type: Proposal (conceptual)
Keywords: corporate governance, stakeholder, sustainability, strategy, emerging economies

In pursuit of “good governance”: Divergences among corporate sustainability strategy and local stakeholders’ interests

Maria Vasileva Ilieva1, Miguel Ignacio Córdova Espinoza2, Joan Lilian Ogendo3, Maria Alejandra Gonzalez Perez4

1University of Leeds, United Kingdom; 2Pontificia Universidad Católica del Perú (PUCP), Peru; 3Technical University of Kenya, Kenya; 4Universidad EAFIT, Colombia;



ID: 171 / PS I.6: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: green innovation, supply chain, innovation spillover, stakeholder's engagement

Green innovation spillover along global supply chain

Yizhe Dong, Yaorong Liu

University of Edinburgh Business School, United Kingdom;



ID: 156 / PS I.6: 3
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (conceptual)
Keywords: ESG, Company Law, Directors' Duties, Interests of the Company, Shell litigation

ESG and Directors’ Duties: Defining the “Interests of the Company”

Luh Luh Lan, Walter Wan

National University of Singapore, Singapore;



ID: 202 / PS I.6: 4
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Corporate governance; sustainability; corporate social responsibility; Sustainable Development Goals; sustainability indices

SUSTAINABLE DEVELOPMENT GOALS, SUSTAINABILITY INDICES AND CORPORATE GOVERNANCE: AN ANALYSIS OF SPANISH LISTED COMPANIES

Irma Martínez García, Silvia Gómez Ansón

Universidad de Oviedo, Spain;

 
9:30am - 11:00amPS I.7: Gender Diversity and Green Innovation
Location: T 16.01
Session Chair: Patricia Gabaldon, IE Business School, Spain
Session Chair: Tingyu Yu, The University of Zurich, Switzerland
 
ID: 181 / PS I.7: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: gender diversity reforms, climate change, law, enforcement

Board Gender Diversity Reform and Corporate Carbon Emissions

Raul Barroso1,2,3, Tinghua Duan1,2,3, Siyue Guo1, Oskar Kowalewski1,2,3

1IESEG School of Management, France; 2Univ. Lille, UMR 9221 - LEM - Lille Économie Management, F-59000 Lille, France; 3CNRS, UMR 9221 - LEM - Lille Économie Management, F-59000 Lille, France;



ID: 269 / PS I.7: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Corporate social performance, Board gender diversity, Stakeholder theory, Endogeneity, Control function

The role of endogeneity in board gender diversity and cor-porate social performance relationship: Evidence from a control function method

Rey Dang1, L’Hocine Houanti2, Jean-Michel Sahut3, Michel Simioni4

1Istect Business School - Paris, France; 2EM Normandie Business School & Métis Lab, France; 3INRAE, MOISA, University of Montpellier & Toulouse School of Economics, University of Toulouse, France; 4IDRAC Business School, Lyon, France;



ID: 305 / PS I.7: 3
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Green patents, cross-sectional returns, event study, ClimateBERT, GPT-3.

The Green Innovation Premium: Evidence from U.S. Patents and the Stock Market

Markus Leippold1,2, Tingyu Yu1

1The University of Zurich, Switzerland; 2Swiss Finance Institute (SFI);

 
11:00am - 11:30amBreak
Location: T-Lobby
11:30am - 12:30pmKeynote: Zacharias Sautner: “ESG Ratings: What We Do and Do Not Know”
Location: Auditorium (-4 floor)
Zacharias Sautner is Professor of Finance at the University of Zurich. Zacharias Sautner works in the area of empirical corporate finance and focuses on ESG, climate finance, and corporate governance. His research was published in leading international journals such as the Journal of Finance, Review of Financial Studies, Management Science or Review of Finance and he has presented at conferences such as the AFA, WFA, and EFA. He was ranked #2 in Germany in Business Administration (#1 in Finance) based on A+ publications (age of 40 or below) by Forschungsmonitoring.org (February 2019).
Zacharias Sautner holds a PhD in Finance from the University of Mannheim and studied at University of York and University of Cooperative Education Stuttgart.
12:30pm - 12:45pm______________________________________________________________________
12:45pm - 2:15pmPanel Session: Taking Stock of Board Research
Location: T 14.01
Session Chair: Daniel Zyung, Southern Methodist University, United States of America
Panelists include:
Ruth Aguilera, Northeastern University
Ryan Krause, Texas Christian University
Carlos Losada, ESADE
Alessandro Zattoni, LUISS University
 
ID: 122 / Panel Session: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Proposal (abstract)
Keywords: Board of directors, Blind spots, Cognitive biases, Social and political dynamics

Board blind spots: Causes, contingencies, consequences, and (possible) cures

Daniel Zyung

Southern Methodist University, United States of America;

 
12:45pm - 2:15pmPS II.1: Long-term owner behavior
Location: T 14.03
Session Chair: Francois Derrien, HEC Paris, France
 
ID: 114 / PS II.1: 1
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Credit risk, blockholder, foundation ownership, corporate governance, ratings, and bank loans.

Foundation Ownership and Creditor Governance: Evidence from Publicly Listed Companies.

Caglar Kaya

Copenhagen Business School, Denmark;



ID: 104 / PS II.1: 2
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Executive turnover, board independence, family firms, industry competition, performance.

Executive Turnover in Family Firms: The Effects of Board Independence and Industry Competition

Fernando Muñoz-Bullon1, Maria J. Sanchez-Bueno1, Mathew Hughes2

1Universidad Carlos III de Madrid; 2University of Leicester;



ID: 185 / PS II.1: 3
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: ESOP, ESG, altruism, retail investors

Altruism or Self-Interest? ESG and Participation in Employee Share Plans

Maxime Bonelli1, Marie Briere2, Francois Derrien1

1HEC Paris; 2Amundi;



ID: 190 / PS II.1: 4
Track C: Ownership
Submission Type: Proposal (abstract)
Keywords: employee ownership, employee governance, ownership rights, systematic review

Employee Ownership and Governance: A Review and Research Agenda

Elisa Del Sordo, Alessandro Zattoni

LUISS University, Italy;

 
12:45pm - 2:15pmPS II.2: Boards & Executives-a comparative perspective
Location: T 15.01
Session Chair: Michelle Weck, University of Mainz, Germany
 
ID: 147 / PS II.2: 1
Track F: Comparative Corporate Governance
Submission Type: Proposal (abstract)
Keywords: managerial discretion theory, contingency theory, boards of directors, CEOs, meta-analysis

The better part of valor? A meta-analytic test of managerial discretion theory

Matthew Farrell1, Chris H. Willis2, Ryan Klinger2, Nathapon Siangchokyoo2

1Austin Peay State University; 2Old Dominion University;



This paper has been recommended for the best paper award.
ID: 213 / PS II.2: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Proposal (abstract)
Keywords: Strategic Leadership; Corporate Governance; Research Methods; DiD; Integrative Review

Difference-in-Differences in Strategic Leadership Research: An Integrative Multidisciplinary Review

Sibel Ozgen, Justine Hervé

Stevens Institute of Technology, United States of America;



ID: 189 / PS II.2: 3
Track F: Comparative Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: business groups; board structure; agency conflict; parent; affiliate; institutional context

THE BOARD STRUCTURE OF AFFILIATES IN BUSINESS GROUPS

Bartolome Pascual-Fuster1, Paula M Infantes2, Ryan Federo1

1Universitat de les Illes Balears, Spain; 2Universidad Autonoma de Madrid, Spain;



ID: 237 / PS II.2: 4
Track F: Comparative Corporate Governance
Submission Type: Proposal (conceptual)
Keywords: boards, emerging markets, qualitative, latin america

BOARDS AND EMERGING MARKETS: A QUALITATIVE PERSPECTIVE

Jose Luis Rivas1, Kevin Corley2

1ITAM, Mexico; 2Imperial College, UK;

 
12:45pm - 2:15pmPS II.3: Gender and Networking
Location: T 15.02
Session Chair: Gabriela Contreras, Radboud University, Netherlands, The
 
ID: 182 / PS II.3: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: women on boards, female CEO, glass ceiling, executive director, director turnover

Breaking Through the Glass Ceiling: How Female Executive Director Support Under Female CEOs Can Enhance Women’s Progress in Leadership Positions

Katarzyna Burzynska, Gabriela Contreras

Radboud University, Netherlands, The;



ID: 170 / PS II.3: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: LinkedIn, Affinity bias, Preferential attachment, Gender Differences, Social Capital

Women who LinkedIn: The Gender Gap in Online Executive Networking

Gabriela Contreras1, Ruth Mateos de Cabo2, Ricardo Gimeno3

1Radboud University, Netherlands, The; 2Universidad CEU San Pablo; 3Banco de España;



ID: 169 / PS II.3: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: networking, women on boards, Implicit Association Test, legitimizing myth, Social Dominance Theory

The Networking Myth and its Impact on Women’s Career Advancement

Gabriela Contreras1, Miryam Martínez-Martínez2, Susana González-Pérez2, Ruth Mateos de Cabo2, Ricardo Gimeno3

1Radboud University; 2Universidad CEU San Pablo, Spain; 3Banco de España;

 
12:45pm - 2:15pmPS II.4: Corporate Misconduct
Location: T 15.03
Session Chair: Nestor U. Salcedo, ESADE Business School, Spain
 
ID: 208 / PS II.4: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Bankruptcy risk, corporate governance, Indian bankruptcy prediction model, Testing Adani Group Companies.

Corporate Governance Predicting Bankruptcy: Analysis and Application on Adani Group Companies

Sunaina Kanojia1, Shasta Gupta2, Jai Prakash Sharma3

1Department of Commerce, Delhi School of Economics, University of Delhi, India; 2Sri Aurobindo College, Univ of Delhi; 3Global Research Foundation for Corporate Governance;



ID: 223 / PS II.4: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: External Corporate Governance, Corporate Misconduct, Meta-Analysis

Who is a Vigilant Watchdog? A Meta-Analysis of External Corporate Governance and Corporate Misconduct

Max Braun1, Simone Eulitz2

1Freie Universität Berlin; 2Ludwig-Maximilians-Universität München;



ID: 226 / PS II.4: 3
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Dividend policy, Ownership concentration, Shareholder expropriation, Stock repurchases, Family Firms

Opportunistic or Trustworthy Owners? Evidence from the Dividend Policy

Laura Rondi

Politecnico di Torino, Italy;



ID: 323 / PS II.4: 4
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (conceptual)
Keywords: corporate, occupational, fraud, corporate-legal-personality

Corporate scandals and occupational frauds: The nexus

Senevirathne Mudiyanselage Anuruddika Gayathrie Senevirathne

University of Colombo, Sri Lanka;

 
12:45pm - 2:15pmPS II.5: Ownership and ESG
Location: T 15.04
Session Chair: Niels Hermes, University of Groningen, Netherlands, The
 
ID: 130 / PS II.5: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Capital structure, ownership structure, labor market regulation, labor power, financial flexibility

Improving Bargaining Power or Putting Safety First? Ownership Structure and the Effect of Labor Market Regulation on Leverage

Marina Kononova, Marc Steffen Rapp, Iuliia Udoieva

Philipps-Universität Marburg, School of Business & Economics, Germany;



ID: 253 / PS II.5: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: corporate governance code, comply-or-explain principle, institutional logics, non-financial reporting, public corporate governance, state-owned enterprise

Repurposing the Heart of State-Owned Enterprises towards the Public Purpose: The Role of Non-Financial Reporting and Public Corporate Governance Codes and Research Agenda

Ulf Papenfuß, Christian A. Schmidt

Zeppelin University, Germany;



ID: 210 / PS II.5: 3
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: CSR Performance, Family Firms, Politically Connected Directors

Do Politically Connected Directors Affect Family Firms' CSR Performance? Exploring the Moderating Role of Family Influence on Ownership and Board

Nhat Minh Tran1,2

1LaRGE, EM Strasbourg Business School, Université de Strasbourg, France; 2Faculty of Business and Management, National Economics University, Hanoi, Vietnam;



ID: 234 / PS II.5: 4
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: family firms, co-CEOs, ESG, shared leadership

THE TIES THAT BIND OR THOSE THAT TEAR US APART? CO-CEO CONSTELLATIONS AND ESG PERFORMANCE IN FAMILY FIRMS

Yuliya Ponomareva1, Francesco Paolone2, Domenico Rocco Cambrea3, Marc Goergen4

1Autonomous University of Barcelona; 2Universitas Mercatorum; 3Università degli Studi di Modena e Reggio Emilia; 4IE Business School;

 
12:45pm - 2:15pmPS II.6: Board Composition
Location: T 16.01
Session Chair: Siddharth Mahendra Purohit, University College Dublin, Ireland
 
ID: 271 / PS II.6: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board of directors, director expertise, board independence, corporate governance convergence, international corporate governance

Drivers of Corporate Governance Convergence: The Role of Outside Directors and Board Attributes

Yujia Chen, Kurt Desender

Universidad Carlos III de Madrid, Spain;



ID: 278 / PS II.6: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Board of directors, alternate directors, corporate governance, banking sector, Colombia

Alternate members of boards of directors in Colombia: An exploratory view

Diógenes Lagos, Gonzalo Gomez-Betancourt

Legacy & Management Consulting Group SAS, Colombia;



ID: 215 / PS II.6: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: directors, shareholder votes, education, experience, institutional shareholders

How Well Do Shareholders Know Their Directors? An Examination of the Relationship Between Directors’ Education and Experience and Shareholder Votes on Director Appointments

Siddharth M. Purohit1, Naman Desai2, Birendra Mishra2

1University College Dublin, Ireland; 2University of California, Riverside;



This paper has been recommended for the best paper award.
ID: 205 / PS II.6: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: boards of directors, dynamics, meta-analysis, MASEM, corporate governance

Looking Back, Moving Forward: Meta-Analyzing Forbes and Milliken’s Board Process Framework and a New Perspective

Fabian K. Ahrens1,2, Dennis B. Veltrop2, Laetitia B. Mulder2, Chuk Yan E. Wong2, Niels Hermes2, Floor Rink2

1Copenhagen Business School, Denmark; 2University of Groningen, Netherlands;

 
2:15pm - 3:15pmConference Lunch
Location: T-Lobby
2:30pm - 3:15pmICGS Mentoring Program
Session Chair: Sarosh Asad, University of Groningen, Netherlands, The
Session Chair: Ilaria Orlandi, Copenhagen Business School, Denmark
Co-chairs: Sarosh Asad (s.asad@rug.nl,), Ilaria Orlandi (io.si@cbs.dk) and Rahual Anand (ranand@mgmt.au.dk)
3:15pm - 4:15pmPlenary I: Sustainable Corporate Governance
Location: Auditorium (-4 floor)
Panelists include:
Cristina Cruz, Academic Director of the IE Center for Families in Business
Ricardo Gimeno, Deputy Head of Operations Department, Banco de España
Gonzalo Gomez-Betancourt, CEO, Legacy and Management Consulting Group
Joseph McCahery, Tilburg Law and Economic Center (TILEC), Tilburg University
Ernesto Barcelo Rodriguez, Chief ESG Officer, Gestamp
4:15pm - 4:45pmBreak 2
Location: T-Lobby
4:45pm - 6:15pmPS III.1: The institutional investors' influence on corporate behavior
Location: T 14.01
Session Chair: Niels Hermes, University of Groningen, Netherlands, The
Session Chair: Elisa Del Sordo, LUISS University, Italy
 
This paper has been recommended for the best paper award.
ID: 178 / PS III.1: 1
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Wealth fund; ownership, Distance, Market entry; Wholly owned subsidiaries; SWF

Sovereign Wealth Fund ownership and market entry in Emerging markets: Evidence from Scandinavian firms

Rahul Anand, Niklas Baltsen, Frederik Madsen

Aarhus BSS, Denmark;



ID: 267 / PS III.1: 2
Track C: Ownership
Submission Type: Full-paper (conceptual)
Keywords: Cash holding; Large shareholders; Portfolio diversification

LARGE SHAREHOLDER DIVERSIFICATION AND CORPORATE CASH HOLDING

Roberto Mura

University of Manchester, United Kingdom;



ID: 199 / PS III.1: 3
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: Institutional investors, executive-to-worker pay dispersion, executive pay, institutional change, quasi-indexers

Institutional investor influence on executive-to-worker pay dispersion after the financial crisis

Julie Chen1, Niels Hermes2, Reggy Hooghiemstra2

1Xi'an Jiaotong-Liverpool University; 2University of Groningen, Netherlands, The;

 
4:45pm - 6:15pmPS III.2: Sustainability and corporate social responsibility
Location: T 14.03
Session Chair: Ariadna Dumitrescu, ESADE Business School., Spain
 
ID: 295 / PS III.2: 1
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Proposal (conceptual)
Keywords: CSR washing, Executive compensation, CSR-linked compensation, Corporate governance, Board governance

Incentivising CSR washing? – The influence of CSR based executive compensation on CSR washing activities and the moderating effect of board governance

Sophia Schwoy, Martin Thomsen, Andreas Dutzi

University of Siegen, Germany;



ID: 216 / PS III.2: 2
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Dominant-owner CEO, CSR engagement, CEO financial expertise, CEO foreign education, Emerging economies

Antecedents of CSR engagement in firms of emerging economies: Evidence from India

Sujata Banerjee1, Alessandro Zattoni2

1Techno India University, West Bengal, India; 2LUISS Guido Carli University, Italy;



ID: 221 / PS III.2: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Corporate Environmental Responsibility, R&D, Financial Distress, Low Technology-Intensive, Firm Financial Performance

The Impact of Corporate Environmental Responsibility on Corporate Financial Performance: The Moderating Role of R&D in financial distress

Martin Osei, Josep A. Tribo

Steven Institute of Technology, United States of America;



ID: 248 / PS III.2: 4
Track A: Sustainable Corporate Governance
Submission Type: Proposal (abstract)
Keywords: corporate governance, greenwashing, environmental product innovation, panel data

Corporate Governance and Greenwashing

Maria Fotaki1,2, Erifili-Christina Chatzopoulou1, Giorgos Papagiannakis3, Stelios Zyglidopoulos4

1Athens University of Economics and Business, Greece, ie University, Spain; 2ie University, Spain; 3University of Peloponnese, Greece; 4Sprott School of Business, Carleton University Ottawa, Canada;

 
4:45pm - 6:15pmPS III.3: Executive characteristics and behavioral implications
Location: T 15.01
Session Chair: Jose Rivas, ITAM, Mexico
 
This paper has been recommended for the best paper award.
ID: 167 / PS III.3: 1
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Tax Avoidance, CEO Personality Traits, Conscientiousness, Ethical Dilemma

Paying Tax According to Conscience or the Law? The Role of CEO Conscientiousness in Corporate Tax Avoidance

Sebastian Firk1, Jan C. Hennig1, Lisa Hillmann2

1University of Groningen, Netherlands, The; 2WHU – Otto Beisheim School of Management.;



ID: 115 / PS III.3: 2
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Rounding; Internal Performance Target; Board Co-option; CEO Compensation

Rounding of Internal Performance Targets: Determinants and Implications

Ying Gan, Xiaoxu Ling, Ivy Zhang, Yong Zhang

Hong Kong Polytechnic University, Hong Kong S.A.R. (China);



ID: 308 / PS III.3: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: CEO age, Financial reporting quality, Clawback provisions, Benford's law, Earnings management, Corporate governance

CEO age, financial reporting quality, and the role of clawback provisions

Justin G. Davis1, Miguel García-Cestona2

1Washington and Lee University, United States of America; 2Universitat Autònoma de Barcelona, Spain;



This paper has been recommended for the best paper award.
ID: 157 / PS III.3: 4
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Founder-CEOs, Heir-CEOs, Family Firms, Market Feedback Effects, and Firm Value.

Do Founders Learn from the Stock Market?

Pil-Seng Lee1, Vikram Nanda2

1Baylor University, United States of America; 2University of Texas at Dallas, United States of America;

 
4:45pm - 6:15pmPS III.4: Institutions
Location: T 15.02
Session Chair: Krista Lewellyn, Florida Southern College, United States of America
 
ID: 148 / PS III.4: 1
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Board gender, CEO gender, national culture, institutions, similarity attraction

With a Little Help from my Similar Others: An Institutional Exploration of Board and CEO Gender Diversity

Krista Lewellyn1, Maureen Muller-Kahle2

1Florida Southern College, United States of America; 2Penn State York;



ID: 164 / PS III.4: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Shareholder-Value-Maximization Logic, Corporate Governance, Institutional Theory, Institutional Logic, Complementary and Substitution Effects

Complementary and Substitution Effects: The Interrelatedness of Institutionalized Elements of the Governance Bundle in U.S. Capital Markets

Guilhem Bascle

Catholic University of Louvain, Belgium;



ID: 326 / PS III.4: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Proposal (conceptual)
Keywords: insider trading, connected directors, director networks, trading bans, close period

Insider Trading by Connected Directors During Trading Bans

Marc Goergen1, Luc Renneboog2, Yang Zhao3

1IE Business School; 2Tilburg University; 3University of Liverpool, United Kingdom;

 
4:45pm - 6:15pmPS III.5: Directors and ESG
Location: T 15.03
Session Chair: Gavin Nicholson, Queensland University of Technology, Australia
 
ID: 266 / PS III.5: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Corporate directors, tax avoidance, reputational penalties

Offshore and Onboard: Secret Offshore Companies and Director Career Outcomes

Ronald Masulis2, Leonid Pugachev3, Andrea Schertler1

1University of Graz, Austria; 2University of New South Wales, Australia; 3Rochester Institute of Technology, USA;



ID: 241 / PS III.5: 2
Track A: Sustainable Corporate Governance
Submission Type: Proposal (abstract)
Keywords: Chief Diversity Officer, George Floyd, social movement, symbolic management, pro-diversity initiatives

Once Symbolic, Always Symbolic? Examining the Changing Role of Chief Diversity Officers Before and After George Floyd's Death

Seok-Hyun {Stephen} Hwang, Yoon Hoo Kim

Hong Kong Baptist University;



ID: 196 / PS III.5: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: schemes of arrangement, takeovers, mergers and acquisitions, shareholder voting, governance regulations

Shareholder approval of schemes of arrangement: Evidence from UK public takeovers

Yerzhan Tokbolat

Queen's University Belfast, United Kingdom;

 
4:45pm - 6:15pmPS III.6: Climate Change
Location: T 15.04
Session Chair: Yuna Heo, University of Basel, Switzerland
Session Chair: Neil Michael Kellard, University of Essex, United Kingdom
 
ID: 236 / PS III.6: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: climate change, firm-level climate change exposure, cash holdings, precautionary savings, financial constraints, climate adaptation, vulnerable industry

Climate Change Exposure and Firm Cash Holdings

Yuna Heo

University of Basel, Switzerland;



ID: 235 / PS III.6: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: climate uncertainty, climate change, transition policy, corporate investment, climate adaptation, climate change news index, climate resilience, investment irreversibility

Climate Change, Adaptation Policy, and Corporate Investment Decisions

Yuna Heo

University of Basel, Switzerland;



ID: 249 / PS III.6: 3
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Greenhouse gas emissions; EU ETS, Corporate governance; CSR; ESG

Greenhouse Gas Emissions: Switching on Good Corporate Governance

Panagiotis Andreou2, Neil Michael Kellard1

1University of Essex, United Kingdom; 2Cyprus University of Technology, Cyprus;



ID: 306 / PS III.6: 4
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Climate change, natural language processing, earnings conference calls, physical exposure, transition exposure, cross-section of stock returns

A Machine Learning-based Anatomy of Firm-level Climate Change Exposure

Weiwei Hu1, Kai Li1, Tingyu Yu2

1Peking University HSBC Business School; 2The University of Zurich, Switzerland;

 
4:45pm - 6:15pmPS III.7: Board Gender Diversity around the world
Location: T 16.01
Session Chair: Ranko Jelic, University of Sussex - Business School, United Kingdom
 
ID: 218 / PS III.7: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board chairs; gender diversity; women on boards; board culture.

Chairwoman and openness to gender diversity: A view beyond the number of women on boards

Sara De Masi1, Agnieszka Słomka-Gołębiowska2, Simona Zambelli1, Andrea Paci1

1University of Florence, Italy; 2Warsaw School of Economics, Poland;



ID: 132 / PS III.7: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board gender diversity, busy directors, shareholder voting, social role theory

Do Gender Differences Affect Shareholders’ Evaluation of Director Busyness?

Toru Yoshikawa1, Asli Colpan2, Daisuke Uchida3

1Waseda University, Japan; 2Kyoto University, Japan; 3Keio University, Japan;



ID: 246 / PS III.7: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Board of directors, Private equity, Human capital, Diversity, Acquisitions, Buyouts

Private equity talent and diversity: do they matter?

Ranko Jelic1, Xinyu Yu2, Dan Zhou3

1University of Sussex - Business School, United Kingdom; 2Surrey Business School - University of Surrey, United Kingdom; 3Henley Business School - University of Reading, United Kingdom;

 
4:45pm - 6:15pmPS III.8: Power
Location: T 16.02
Session Chair: Ryan Krause, Texas Christian University, United States of America
 
ID: 268 / PS III.8: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Influence, board of directors, gender, competence, fuzzy set

Towards a configurational theory of director influence within the board.

Michelle Weck1, Dennis Veltrop2, Ryan Krause3, Jana Oehmichen1, Floor Rink2

1University of Mainz; 2University of Groningen; 3Neeley School of Business;



ID: 255 / PS III.8: 2
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (conceptual)
Keywords: stewardship, behavioral governance, motivational intentions, meta-synthesis, behavioral model

FROM AMBIVALENCE TO STEWARDSHIP COMMITMENT – TOWARD A BEHAVIORAL MODEL OF STEWARDSHIP GOVERNANCE

Hans van Ees1, Christina Hoon2, Constantin Zeif2, Anne Sanders2

1university of groningen, Netherlands, The; 2Bielefeld University, Germany;



This paper has been recommended for the best paper award.
ID: 300 / PS III.8: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Directors, Power, CEOs, Behavioral Governance

Director Exits after Power Struggles with the CEO

Jill Ann Brown1, Andrew Ward2, Punit Arora3, Cynthia Clark4

1Bentley University, United States of America; 2Lehigh University; 3City College of New York; 4Bentley University;



ID: 250 / PS III.8: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (conceptual)
Keywords: CEO power; review; executive compensation, upper echelon theory; agency theory; firm outcomes

POWER AT THE TOP: AN INTEGRATIVE REVIEW OF CEO POWER

Sibel Ozgen1, Ann Mooney1, Yuyang Zhou2

1Stevens Institute of Technology, United States of America; 2Bentley University;

 
4:45pm - 6:15pmPS III.9: CEO Succession
Location: T 17.01
Session Chair: Christine Scheef, University of St.Gallen, Switzerland
 
ID: 214 / PS III.9: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Board Chair, Board dynamics, Diversity, Status, Structure, Leadership

The leadership role of the Chair: facilitating information processing

Louise Tilbury, Ruth Sealy

University of Exeter, United Kingdom;



ID: 330 / PS III.9: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: behavioral agency model, board political ideology, board risk-taking; CEO dismissal, CEO selection

CEO Dismissal, Board Ideology and CEO Successor Selection as Board Risk-Taking

Shara Leann Darr, Mirko Benischke

Erasmus University Rotterdam, Netherlands, The;



ID: 224 / PS III.9: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Proposal (abstract)
Keywords: Strategy, CEO Succession, TMT Change, Upper Echelon Theory

Reshaping the Top Team: How Do CEO Successors Change the TMT over time?

KATRINA NELSON, PATRICIA KLARNER, CHRISTIAN HAAS

WU Vienna University of Economics and Business;



ID: 291 / PS III.9: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board chair, CEO succession, family firm, stakeholder theory

Ownership matters! The benefits of appointing the predecessor CEO as board chair in family firms

Christine Scheef, Thomas Zellweger

University of St.Gallen, Switzerland;

 
7:30pm - 8:30pmGala: Pre-Dinner Drinks
Location: Hotel Eurostars
8:30pm - 10:30pmGala Dinner
Location: Hotel Eurostars
Date: Sunday, 22/Oct/2023
9:30am - 11:00amAnnals of Corporate Governance/Meet the Author
Location: T 14.01
Session Chair: Ryan Federo, Universitat de les Illes Balears, Spain
Session Chair: Marc Goergen, IE Business School, Spain
9:30am - 11:00amPS IV.1: Shareholders and CSR Perspectives
Location: T 15.01
Session Chair: Kurt Desender, Universidad Carlos III, Madrid, Spain
 
ID: 277 / PS IV.1: 1
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: CSR Performance, Big Three, Institutional context, Institutional Ownership

A Tale of Two Markets: Unveiling the Big Three's Influence on CSR in Domestic and Foreign Markets

Kurt Desender, Mónica López-Puertas Lamy

Universidad Carlos III, Madrid, Spain;



ID: 288 / PS IV.1: 2
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: State-Owned Enterprises (SOE); Corporate Social Performance; State-Ownership; Political Ideology

IS THE STATE A SOCIALLY RESPONSIBLE SHAREHOLDER? State-Owned Enterprises, Political Ideology and Corporate Social Performance

Leonardo Henrique Lima de Pilla1,2, Alketa Peci1, Rodrigo de Oliveira Leite3

1Brazilian School of Public and Business Administration, Getúlio Vargas Foundation (FGV/EBAPE); 2Serzedello Corrêa Institute, School of Government of the Brazilian Federal Court of Accounts (TCU/ISC); 3COPPEAD Graduate School of Business of the Federal University of Rio de Janeiro (COPPEAD/UFRJ);



ID: 197 / PS IV.1: 3
Track C: Ownership
Submission Type: Full-paper (empirical), Full-paper (conceptual)
Keywords: Strategic Ownership; Bibliometric Analysis; Web of Science; Systematic literature review

Owners as Strategists: Mapping the current state and future directions

Sebastian Sigg

University of St. Gallen, Switzerland;

 
9:30am - 11:00amPS IV.2: CG & Sustainability- a comparative perspective
Location: T 15.02
Session Chair: Niels Hermes, University of Groningen, Netherlands, The
Session Chair: Nikolaos Kavadis, Copenhagen Business School, Denmark
 
ID: 240 / PS IV.2: 1
Track F: Comparative Corporate Governance
Submission Type: Proposal (abstract)
Keywords: environmental performance, corporate governance bundles, cross-country, fsqca

Sustainable corporate governance and environmental performance across countries: A configurational perspective

Reggy Hooghiemstra1, Andrea Melis2, Luigi Rombi2

1University of Groningen,; 2University of Cagliari;



ID: 232 / PS IV.2: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Sustainable Development Goals, Directors, Political Orientation, Social Class Background, Values

Corporate Leaders and Sustainable Development Goals: The Effect of Directors' Social Class, Values, and Political Leaning

Lisanne Veter1, Commandeur Harry1, Volberda Henk2, Jatinder Sidhu3

1Erasmus University Rotterdam, Netherlands; 2University of Amsterdam, Netherlands; 3Leeds University Business School, University of Leeds, United Kingdom;



ID: 304 / PS IV.2: 3
Track F: Comparative Corporate Governance
Submission Type: Full-paper (empirical), Full-paper (conceptual)
Keywords: corporate netowrks, deglobalization, institutional configurations

EXPLORING THE RELATIONSHIP BETWEEN DEGLOBALIZATION AND CORPORATE NETWORK STRUCTURE: A CONFIGURATIONAL ANALYSIS WITH A HISTORICAL LENS

Paula Margaretic1, Erica Salvaj2, Julian Diaz3

1University of Adolfo Ibañez, Chile; 2Universidad del Desarrollo, Chile; 3Universidad del Desarrollo, Chile;



ID: 140 / PS IV.2: 4
Track F: Comparative Corporate Governance
Submission Type: Proposal (conceptual)
Keywords: Japan, corporate governance, sustainability

Revitalizing Traditional Values and Sustainability: Impact of Japan's 2021 Corporate Governance Code Amendments

Saori Sugeno

University of Surrey, United Kingdom;

 
9:30am - 11:00amPS IV.3: Board Interlock
Location: T 15.03
Session Chair: Caglar Kaya, Copenhagen Business School & Aalborg University, Denmark
 
This paper has been recommended for the best paper award.
ID: 134 / PS IV.3: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Family Firm Performance, Interlocking Directorates, Agency Theory, Resource Dependence Theory, Class Hegemony Theory

INTERLOCKING DIRECTORATES AND FAMILY FIRM PERFORMANCE: AN EMERGING MARKETS PERSPECTIVE

Karen Watkins-Fassler1, Lázaro Rodríguez-Ariza2, Virginia Fernández-Pérez2, Guadalupe del Carmen Briano-Turrent3

1Universidad Internacional de La Rioja, Spain; 2Universidad de Granada; 3Universidad Autónoma de San Luis Potosí;



ID: 257 / PS IV.3: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board-level worker representation, job quality, board of directors

Worker Representation and Job Quality

Casper Larsen1, Esther Chevrot-Bianco2, Guido Friebel2

1Copenhagen Business School, Denmark; 2Goethe University Frankfurt;



ID: 150 / PS IV.3: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Governance, Directors, Banks, Debt.

Shared Board Directors and the Cost of Bank Debt

Thomas Poulsen, Caglar Kaya, Niels Westergaard-Nielsen

Copenhagen Business School, Denmark;

 
9:30am - 11:00amPS IV.4: Stakeholder Engagements on ESG
Location: T 15.04
Session Chair: Léo Denis, Ecole Polytechnique, France
 
ID: 259 / PS IV.4: 1
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Corporate Governance, Shareholder Engagement, Say on Climate, Corporate Behavior, Case study

Voiceless but still influential shareholders? The case of a responsible investors' coalition engagement with TotalEnergies in 2020-2022

Nicolas Mottis, Léo Denis

CRG-i3, Ecole Polytechnique, CNRS, Institut Polytechnique de Paris;



ID: 310 / PS IV.4: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: conscious business, stakeholder engagement, sustainability, governance, stakeholder theory

Organizational Consciousness and Stakeholder Engagement: Unraveling the Benefits of Organizational Awareness Towards Multiple Stakeholders

Pero Paro1, Luiz Ricardo Kabbach de Castro2, Raj Sisodia3, Mateus Gerolamo4

1Humanizadas; 2Universidad de Navarra, Spain; 3Tecnológico de Monterrey; 4Universidade de São Paulo;



ID: 203 / PS IV.4: 3
Track A: Sustainable Corporate Governance
Submission Type: Proposal (conceptual)
Keywords: Shareholder Proposal, ESG, CSR Committee, Board Dynamics, Proxy Statement

Proxy statements as a shareholders’ governance mechanism: an asset or a liability to create (sustainable) firm value?

Jasmijn Luca P Vandenberk, Ann Gaeremynck, Steven Vanhaverbeke

KU Leuven, Belgium;



ID: 165 / PS IV.4: 4
Track A: Sustainable Corporate Governance
Submission Type: Proposal (abstract)
Keywords: ESG-shareholder activism, ESG performance, stakeholder theory, socio-cognitive perspective

Unintended Consequences of Shareholder Activism: A Socio-Cognitive Responses to Stakeholders’ Demands

Maria Ruiz-Castillo1, Ruth V. Aguilera2, Juan Alberto Aragón-Correa1, Nuria Esther Hurtado-Torres1

1Faculty of Economics and Business, University of Granada, Granada, Spain; 2D’Amore-McKim School of Business, Northeastern University, Boston, USA; ESADE Business School, Universitat Ramon Llull, Barcelona, Spain;

 
9:30am - 11:00amPS IV.5: Misconduct and ESG
Location: T 16.01
Session Chair: Mirjam Brandl, University of Mainz, Germany
 
ID: 263 / PS IV.5: 1
Track A: Sustainable Corporate Governance
Submission Type: Proposal (abstract)
Keywords: CEO, Environmental Misconduct, Regulatory Focus, Complexity, CEO-Chair Separation

Breaking Bad or Leading Green? CEO Regulatory Focus and Environmental Misconduct

Mirjam Brandl, Michelle Weck, Jana Oehmichen

University of Mainz, Germany;



ID: 332 / PS IV.5: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Board Interlocks; Corporate Misconduct; CSR; Environmental Performance

The Positive Spillover Effects of Corporate Misconduct: Board Interlocks and Corporate Social Responsibility

Ferres Daniel1, Francisco Marcet2

1Universidad de Montevideo, Uruguay; 2University of Chile, Chile;



ID: 225 / PS IV.5: 3
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Corporate misconduct, rationalization, CEO cognitions, corporate governance, meta-analytic structural equation model

CEO Rationalization of Corporate Misconduct: A Meta-Analytic Structural Equation Model

Max Braun1, Karen Schnatterly2

1Freie Universität Berlin; 2Virginia Tech;

 
9:30am - 11:00amPS IV.6: Psych
Location: T 16.02
Session Chair: Shuxing Yin, University of Sheffield, United Kingdom
 
ID: 228 / PS IV.6: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: CEO Personality, Big Five, Neuroticism, Trait Activation, Climate Change

Uncovering Trait Activation within the Big Five Framework: An Analysis of CEO Neuroticism and Climate Change Action

Ben Dalka1, Sebastian Firk2, Yannik Gehrke1, Michael Wolff1

1University of Goettingen, Germany; 2University of Groningen, The Netherlands;



ID: 116 / PS IV.6: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Board of directors; Peer death experience; Mortality awareness; Individual traits; Corporate policies.

Peer Death Experience and Corporate Policies

Oleksandr Talavera1, Shuxing Yin2, Mao Zhang3

1Department of Economics, University of Birmingham; 2Management School, University of Sheffield; 3School of Management, University of St Andrews;



ID: 188 / PS IV.6: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: CEO cognitive complexity, competitive repertoire complexity, board control and advice, upper echelons theory, corporate governance

The double-edged sword of CEO cognitive complexity: The relationship with competitive repertoire complexity in different control and advice contexts

Johanna Eichhorn1, Michelle K. Weck1, Jan C. Hennig2, Jana Oehmichen1

1Johannes Gutenberg-Universität Mainz, Germany; 2Rijksuniversiteit Groningen, the Netherlands;



ID: 261 / PS IV.6: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Name letter effect; Implicit egotism; CEO compensation; Board of directors

Is it Me or is it You? CEO-Director Forename Commonality, Implicit Egotism, and CEO Compensation

Sebastian Firk1, Jan Hennig1, Hauke Meyer2

1University of Groningen, Netherlands, The; 2University of Göttingen, Germany;

 
11:00am - 11:30amBreak 3
Location: T-Lobby
11:30am - 12:30pmKeynote II: Amy Hillman: “The Future (and Past) of Corporate Governance”.
Location: Auditorium (-4 floor)
Amy Hillman is the Rusty Lyon Chair of Strategy and former Dean of the W. P. Carey School of Business at Arizona State University. Her areas of interest include corporate political strategies, boards of directors, and corporate strategy. Her research includes over 30 peer-reviewed articles published in leading journals such as Academy of Management Review, Academy of Management Journal, Strategic Management Journal, Organization Science, and Administrative Science Quarterly. She was elected a Fellow of the Academy of Management in 2014, is a Founding Fellow of the International Corporate Governance Society and was elected a Fellow of the Strategic Management Society in 2020. She is former Editor of Academy of Management Review and a former Associate Editor of Academy of Management Journal. She also serves or has served on the Editorial Review Boards of the Academy of Management Journal, Strategic Management Journal, Journal of Management, Academy of Management Learning & Education, Business Horizons, and Journal of International Business Studies. She has received six outstanding reviewer awards from these journals.
In addition to her service to the profession through editorial roles, Amy is currently Vice President Elect and Program Chair of the Academy of Management.
12:30pm - 12:45pm______________________________________________________________________
12:45pm - 2:15pmPS V.1: Risk and Corporate Restructuring
Location: T 14.01
Session Chair: Konstantin Maximilian Skora, IE, Germany
Session Chair: Sebastian Sigg, University of St. Gallen, Switzerland
 
ID: 212 / PS V.1: 1
Track C: Ownership
Submission Type: Full-paper (empirical)
Keywords: M&A; Banking Crises, Financing Decisions, Credit Supply Shocks

M&A under financing frictions: evidence from credit supply shortfalls

Lucas Serrao Macoris1, Luiz Ricardo Kabbach de castro2

1INSPER - Institute of Education and Research, Brazil; 2University of Navarra;



ID: 201 / PS V.1: 2
Track A: Sustainable Corporate Governance
Submission Type: Full-paper (empirical)
Keywords: Credit Ratings, Sovereign Downgrade, ESG, Corporate Social Responsibility, ESG Risk, Markets and Institutions

Backing Away from ESG? The Effect of Sovereign Rating Downgrades on Corporate ESG Policies

Periklis Boumparis1, Chris Florackis2, Sushil Sainani2, Omrane Guedhami3

1Newcastle University Business School; 2University of Liverpool, United Kingdom; 3University of South Carolina;



ID: 282 / PS V.1: 3
Track C: Ownership
Submission Type: Proposal (abstract)
Keywords: VALUE CREATION, PRIVATE EQUITY, MULTIPLE EXPANSION, MANAGER CHANGE

VALUE CREATION IN PRIVATE EQUITY TRANSACTIONS: ACTIONS & STRATEGIES TO REACH MULTIPLE EXPANSION

Konstantin Maximilian Skora

IE, Germany;



ID: 298 / PS V.1: 4
Track C: Ownership
Submission Type: Proposal (conceptual)
Keywords: Financial ownership; Shareholder value; Business elites; Employee relationship; Downsizing

Shareholder Orientation and Workforce Downsizing: Exploring the CEO-Shareholder Interface

Youngbin Joo1, Dimitrios Georgakakis2, Jatinder S. Sidhu1

1Leeds University, United Kingdom; 2York University, United Kingdom;

 
12:45pm - 2:15pmPS V.2: Board Governance and decision making
Location: T 14.03
Session Chair: Alessandro Zattoni, Luiss, Italy
 
ID: 220 / PS V.2: 1
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: Corporate Governance, Innovation, Board of Directors, R&D investments, Patents

Governing innovation: How board quality shapes innovation?

Mirian Wawrzyniak Chimirri1, Luiz Ricardo Kabbach Castro2

1University of Sao Paulo, Brazil; 2University of Navarra, Spain;



ID: 141 / PS V.2: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: labor dismissal laws; labor market regulation; corporate innovation

Employer WARN-ing: Labor Dismissal Laws and Innovation

Vishal Baloria

UNIVERSITY OF CONNECTICUT, United States of America;



ID: 281 / PS V.2: 3
Track E: Self Governance and Internal Corporate Governance Mechanisms
Submission Type: Full-paper (empirical)
Keywords: business groups, foreign affiliates, parent country directors, governance mechanisms

The Role of Parent Country Directors in Business Groups’ Foreign Affiliates

Aleksandra Gregoric1, Raquel Justo2, Adrián Mérida3, Bartolomé Pascual-Fuster2

1Copenhagen Business School; 2Universitat de les Illes Balears; 3Universidad Carlos III de Madrid;

 
12:45pm - 2:15pmPS V.3: Misconduct
Location: T 15.01
Session Chair: Xiu-Ye Zhang, The Australian National University, Australia
 
This paper has been recommended for the best paper award.
ID: 325 / PS V.3: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Workplace Misconduct, Executive Compensation, Risk taking Equity Incentives

CEO Risk Taking Equity Incentives and Workplace Misconduct

Justin Chircop1, Monika Tarsalewska2, Agnieszka Trzeciakiewicz3

1Lancaster University, United Kingdom; 2Universtiy of Exeter, United Kingdom; 3University of York, United Kingdom;



ID: 252 / PS V.3: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Culture Heritage; Culture Masculinity; Earnings Management; CEO

CEO Cultural Masculinity and Earnings Management

Olga Dodd1, Bart Frijns2, Shushu Liao3, Xiu-Ye Zhang4

1Auckland University of Technology; 2Open Universiteit; 3Kühne Logistics University; 4The Australian National University, Australia;



ID: 103 / PS V.3: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Corporate Misconduct, Board Members, Social Network, Geographic Network.

The Social Geography of Misconduct

Santiago Truffa1, Matias Braun2, Ercos Valdivieso3

1ESE Business School, Chile; 2ESE Business School, Chile; 3Sungkyunkwan University.;

 
12:45pm - 2:15pmPS V.4: Risk
Location: T 15.02
Session Chair: Dietmar Leisen, Gutenberg University of Mainz, Germany
 
ID: 314 / PS V.4: 1
Track D: External Governance
Submission Type: Proposal (abstract)
Keywords: Insider trading, corporate governance, minority shareholders, monitoring

Big Brother is Watching You: The Effect of the CSISC Shareholding Program on Insider Trading

Marc Goergen1, Guoqiang Hu2, Jason Xiao3

1IE Business School, Spain; 2Tianjin University of Finance & Economics, China; 3University of Macau, Macau, China;



ID: 309 / PS V.4: 2
Track D: External Governance
Submission Type: Proposal (abstract), Proposal (conceptual)
Keywords: Industry Tournament Incentive; Cost of Equity; CEO

CEO Tournament Incentives and Cost of Equity

Xiangshang Cai1, Yiwei Li2, Xiu-Ye Zhang3

1University of Liverpool; 2University of Essex; 3The Australian National University;



ID: 137 / PS V.4: 3
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: bonus depreciation, investments, risk-taking, taxation, tax policy

The Effect of Tax Policies on Corporate Risk-Taking: Evidence From Bonus Depreciation

Spyridon Gkikopoulos

The University of Manchester, United Kingdom;



ID: 274 / PS V.4: 4
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Risk governance, outside directors, subprime crisis, risk taking, risk oversight.

Bank Risk Governance

Dietmar Leisen1, Peter Swan2

1Gutenberg University of Mainz, Germany; 2University of New South Wales, Australia;

 
12:45pm - 2:15pmPS V.5: ESG
Location: T 15.03
Session Chair: Tinghua Duan, IESEG SCHOOL OF MANAGEMENT, France
 
ID: 176 / PS V.5: 1
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: ESG, Corporate Sustainability, Consumer Demand, Cash Flows, Big Data

Consumers Reaction to Corporate ESG Performance: Evidence from Store Visits

Tinghua Duan1, Frank Weikai Li2, Roni Michaely3

1IESEG School of Management; 2Singapore Management University; 3University of Hong Kong and ECGI;



ID: 139 / PS V.5: 2
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: External governance, regulatory mandates, culturalist perspective, spillover effect, corporate social responsibility.

The Unintended Spillover: CSR Mandates and Corporate Self-Regulatory Adaptation

Siyu Liu1, Zhiyan Wu2

1Erasmus University; 2Erasmus University;



ID: 307 / PS V.5: 3
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: Carbon emissions, languages, time encoding, future time reference

The Role of Language in Carbon Emissions: Exploring the Link Between Language Use and Sustainable Behaviour in Firms Across the Globe

Humoud Sakit, Panagiotis Loukopoulos

University of Strathclyde, United Kingdom;



ID: 227 / PS V.5: 4
Track D: External Governance
Submission Type: Full-paper (empirical)
Keywords: activism, ESG, corporate governance, Ukraine, Russia

Russian business leaders speaking out on the Ukraine invasion as a litmus test of a firm’s ESG

Andrea Melis1, Simone Aresu1, Yuwen Cai2, Thomas Kaspereit2

1University of Cagliari (Italy), Italy; 2University Luxembourg;

 
12:45pm - 2:15pmPS V.6: The role of directors
Location: T 15.04
Session Chair: Georg Guttmann, University of St.Gallen, Switzerland
 
ID: 179 / PS V.6: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: busy directors, boards, ESG, synthetic controls, gender quotas, policy evaluation

Overboarded

Annalisa Tonetto

University of Cambridge Judge Business School, United Kingdom;



ID: 184 / PS V.6: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board committees, director expertise, director prestige, monitoring and advisory provision

Opting out: Understanding committee avoidance among expert directors

Ina Angelike Inge Karn1, Esha Mendiratta2, Sebastian Firk1, Jana Oehmichen1,3, Pedro de Faria1

1University of Groningen, Netherlands, The; 2Verlick Business School, Belgium; 3Johannes Gutenberg-Universität Mainz;



ID: 270 / PS V.6: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Boards of Directors, Personal Values, Corporate Governance

Priorities of Non-Executive Board Directors’ Personal Values

Ricardo Alfredo Amaya, Patricia Gabaldón Quiñones

IE Business School, Spain;



ID: 254 / PS V.6: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Board capital, institutional perspective, resource dependence theory, busy board, ownership structure

The Influence of Board Institutional Expertise on Firm Performance

Georg Guttmann1, Toru Yoshikawa2

1University of St.Gallen, Switzerland; 2Waseda University, Japan;

 
12:45pm - 2:15pmPS V.7: Board Diversity
Location: T 16.01
Session Chair: Elisabeth Dedman, Edge Hill University, United Kingdom
 
This paper has been recommended for the best paper award.
ID: 131 / PS V.7: 1
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board gender diversity, enterprise value, ESG, firm outcomes, LGBTQ+

Does gay pay off? The link between LGBTQ+ directors and firm outcomes

Ryan Federo1, Ruth V. Aguilera2

1Universitat de les Illes Balears, Spain; 2Northeastern University, U.S.A.;



ID: 101 / PS V.7: 2
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: board nationality diversity; groupthink; variety, separation; firm value

Board Nationality and Firm Value

Elisabeth Rae Dedman1, Jing Chen2, Ja Ryong Kim2, Tarek Metwally3, Andrew William Stark4

1Edge Hill University, United Kingdom; 2University of Nottingham; 3University of Huddersfield; 4University of Manchester;



ID: 238 / PS V.7: 3
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: diversity, boards, reputation, emerging markets, mexico

DIVERSITY AND REPUTATION IN AN EMERGING MARKET CONTEXT

Jose Luis Rivas, Job Rubio

ITAM, Mexico;



ID: 152 / PS V.7: 4
Track B: Board Dynamics and Strategic Leadership
Submission Type: Full-paper (empirical)
Keywords: Non-Conformity, Resource dependence theory, Positive Deviance, Board Female Representation, Stakeholders

Does It Pay to Exceed Institutional Norms for Female Representation on Corporate Boards?

Fatemeh Askarzadeh1, Krista Lewellyn2

1University of Houston - Downtown; 2Florida Southern College, United States of America;

 
2:15pm - 3:15pmAward Luncheon
Location: T-Lobby
3:15pm - 4:15pmPlenary II: Greenwashing
Location: Auditorium (-4 floor)
Panelists include:
Leticia Alvarez Alsonso, co-founder and chief sustainability officer, yourESGadvisor
Ariadna Dumitrescu, ESADE
Patricia Gabaldon, IE University
María Rotondo Urcola, Teléfonica, CACEIS
4:15pm - 5:15pmGeneral Meeting
Location: Auditorium (-4 floor)
5:15pm - 6:15pmClosing Reception
Location: T-Lobby

 
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