13 Jul 2022
New book asks why ever more is spent on mergers when so many fail
Mergers are constructed by talented executives, lawyers, bankers and advisers, yet most deals fail. A new book The Merger Mystery, co-authored by Geoff Meeks of Cambridge Judge Business School, outlines the reasons why.
3 May 2022
Businesses must back up their sustainability promises says new handbook
Businesses need to back up their ‘exciting’ narratives on sustainability with clear implementation, says a new Handbook on the Business of Sustainability co-authored by faculty and others at Cambridge Judge Business School.
10 Jan 2022
Improving board effectiveness requires a focus on the relationship aspect of boards as well as their structure, says a new book by Dr Philip Stiles of Cambridge Judge.
11 Nov 2021
GE’s grip on airlines
The breakup of General Electric shines a spotlight on GE’s once-dominant role in the airline industry through aircraft leasing, engines and financing, says a new study co-authored at Cambridge Judge that examines “Why do unsuccessful companies survive?”
15 Sep 2015
Sir Adrian Cadbury, 1929-2015
It is with sadness that we acknowledge the death of Sir Adrian Cadbury, former Chairman of Cadbury Schweppes and author of the 1992 report, Financial Report on Aspects of Corporate Governance.
21 May 2015
For firm valuation, more news (good and bad) about CEOs is good news
More news about a company’s chief executive – positive and not – is good news when it comes to the firm’s valuation, according to a study at University of Cambridge Judge Business School. More media coverage of a CEO is a “channel of investor recognition” that also helps the chief executive extract higher compensation, says the study by Dr Bang Dang Nguyen published in the Quarterly Journal of Finance.
15 May 2015
Womenomics study by Sucheta Nadkarni shortlisted for Investment Marketing and Innovation Awards
A study on the placement and retention of women on corporate boards conducted by Sucheta Nadkarni, Sinyi Professor of Chinese Management at Cambridge Judge, has been named a finalist in the Investment Marketing and Innovation Awards 2015 sponsored by the publication Investment Week.
8 Apr 2015
Women in boardrooms
Empowering all women in society helps women reach and stay on corporate boards, says study headed by Professor Sucheta Nadkarni of Cambridge Judge Business School.
7 Apr 2015
Paper co-authored at Cambridge Judge Business School finds that institutional shareholders recall shares to oppose management in proxy votes.
4 Feb 2015
Financial Accounting & Corporate Finance Symposium
A symposium taking place on 13-14 March 2015 at Cambridge Judge Business School will bring together researchers working in the broader field of financial accounting. The event, sponspored by the Cambridge Endowment for Research in Finance (CERF) and Cambridge Corporate Governance Network (CCGN), aims to explore aspects of financial accounting from different perspectives and allow discussion and cross-pollination among researchers from the United States, UK, and Continental Europe. Speakers will present work in empirical accounting research at the intersection with banking, corporate finance and asset pricing.
4 Nov 2014
Cambridge Judge academics scoop best paper award
An article about the recent financial crisis co-authored by Geoff Meeks, Professor of Financial Accounting, and Amir Amel-Zadeh, University Lecturer in Finance at Cambridge Judge Business School, won the Annual Manuscript Award for the best article published in 2013 in leading business journal Abacus.
30 Oct 2014
Restating firms less likely to receive takeover bids
Companies that restate financial results may look weak, shaky or plagued by poor accounting, but such firms are in fact “significantly less likely” to become takeover targets than non-restating firms, according to research co-authored at Cambridge Judge Business School.
4 Sep 2014
CEO sudden death research answers vexed question of top executives’ pay
All sides on the debate into top executives’ pay have usually found common ground on just one thing – that there is no empirical way of telling if a CEO is overpaid or not. Now two academics claim they can provide this missing piece of the puzzle with a new economic model that separates the overpaid from the justly paid, and puts a figure on CEO contribution to shareholder value for the first time.
5 Sep 2013
Cambridge honours Sir Adrian Cadbury’s contributions to corporate governance
A special symposium was organised recently by the Cambridge Corporate Governance Network (CCGN) at Cambridge University to mark the 20th anniversary since the publication of the Cadbury Code which has since been adapted and adopted in over 100 countries.
8 Aug 2013
The Cadbury Report: Twenty Years On
Following the recent symposium, Sir Adrian Cadbury and other speakers at the event have been interviewed on the impact of the Cadbury Report on corporate governance practices in the UK and across the world.
9 Jun 2013
Barely managing: how Cadbury cleaned up the boardroom
Cadbury’s was a voluntary code, but it relied on the threat: comply or explain. “The fact it rested on peer pressure rather than the force of law is perhaps one reason why the code has since been adapted and adopted in more than 100 countries,” said Gishan Dissanaike last week, as he introduced a symposium on corporate governance in tribute to Cadbury at Cambridge Judge Business School.
29 May 2013
Bonus cap for Euro bankers is a step forward
The European Union’s move to cap bonuses at the region’s largest financial institutions has been hailed as a step in the right direction but does not go far enough. Financial sector observer Dr Bang Dang Nguyen, University Lecturer in Finance at Cambridge Judge Business School, feels there are a number of reasons why further measures were not taken.
24 May 2013
Pay management requires a 21st century shake-up
An acknowledged authority on HR and reward management suggests that a new approach to the management of pay is required to meet 21st century business structures.
14 May 2013
Increase transparency around proxy voting
Dr Pedro Saffi, University Lecturer in Finance at Cambridge Judge Business School, took the prestigious American Finance Association’s annual meeting through the findings of ongoing studies into the role of institutional investors in influencing firm-level corporate governance through proxy voting.
8 May 2013
CCGN co-sponsoring the 40th European Finance Association Meeting
The Cambridge Corporate Governance Network (CCGN) is delighted to co-sponsor the 40th European Finance Association Meeting, taking place in Cambridge on 28-31 August 2013. The European Finance Association (EFA) conference is one of the largest finance conferences in the world.
15 Apr 2013
The Times of India – “Holistic view of finance”
Post the global economic crisis, there has been an increased emphasis to incorporate ethics, sustainability and social responsibility in management education curriculum. The Cambridge Judge Business School through its Executive MBA programme encourages this viewpoint. Dr Philip Stiles, senior lecturer who teaches the ethical component of the programme believes that the economic meltdown is not the only impetus for ethics playing a more central role in business-school curricula …
8 Apr 2013
CCR Magazine – “The ever-increasing importance of business ethics”
In the wake of the global financial crisis, there has been a strong case for MBA providers to place greater emphasis on ethics, sustainability and social responsibility. The Executive MBA programme at Cambridge Judge Business School has faced this challenge head-on – fostering a broader view of business and society throughout the entire content of the course …
3 Apr 2013
CSR boosts national competitiveness
Corporate Social Responsibility (CSR) can make a significant positive contribution to national competitiveness, and countries with low innovation records can reap even greater benefits …
21 Mar 2013
Finanzen.ch – “Overconfidence makes CEOs with too many stock options perform badly”
Conventional wisdom has it that paying company bosses with a lot of stock and options aligns their interests with those of shareholders … “The whole point of the paper was to show that options really work,” says Professor Raghavendra Rau, a University of Cambridge finance professor, who wrote the paper with Michael J. Cooper of the University of Utah, Huseyin Gulen of Purdue University …
14 Mar 2013
The Financial Times (Letters) – “Meeting the CEO rarely yields anything useful”
Sir, In all the fuss about the payment of equity broking commissions by investors for access to company management, everyone assumes that you can learn something useful from a face to face discussion with chief executives. I suspect this is false … Simon Taylor, Academic Director, Master of Finance (and former equities analyst), Judge Business School, University of Cambridge, UK …
23 Dec 2012
Association of Business Schools – “Large bribes do not lead to greater benefits”
Research led by Cambridge Judge Business School academic Professor Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance, has revealed that firms bribing their way to contracts under-perform for up to three years before and after securing the work for which the bribe was paid …
2 Sep 2012
The Sunday Times – “Why my directors are a lot like me”
Personal connections are powerful things. Chief executives who have social links to the non-executive directors on their boards are much less likely to be dismissed for poor performance than their unconnected peers, according to research … Even if they are fired, they are more likely to find new, better employment, said Dr Bang Dang Nguyen, the report’s author and finance lecturer at Cambridge Judge Business School …
28 Aug 2012
Banks should put up or shut up
Professor Raghavendra Rau suggests that the Government-commissioned Wheatley Review into the LIBOR rate rigging allegations should make the banks put their money where their mouths are …
6 Aug 2012
TIME Magazine – “The John Lewis economy: why is Downing Street looking to Britain’s most beloved department store?”
In Britain, big department stores tend to be as concerned about pedigree as the country’s consumers… Unlike with publicly-traded firms, employee-owned companies are also less regulated, which can make raising outside capital harder since banks and bond buyers have less data to assess risk. “That can lead to a lack of scrutiny that can be disastrous,” says Bang Dang Nguyen, a finance lecturer at Cambridge Judge Business School …
31 Jul 2012
Does the Rolodex matter?
Can membership of the same social networks as directors offer protection for a poorly performing CEO? And what is the impact on corporate governance?
29 Jun 2012
Developing a global theory of corporate governance
Cambridge Judge Business School and the Cambridge Corporate Governance Network (CCGN) will be hosting a special conference in September on national governance bundles to commemorate the 20th anniversary of the journal Corporate Governance: An International Review (CGIR). Scholars are invited to submit papers and the best work will be published in a subsequent special issue of the journal. …
1 Jun 2012
The Economist – “Corruption: you get who you pay for”
Bribery is very hard to stamp out. In a global fraud survey by Ernst & Young, a professional-services firm, 39% of businesses say corruption is common in countries where they operate… A new paper by Professor Raghavendra Rau of Cambridge Judge Business School and Yan Leung Cheung and Aris Stouraitis of the Hong Kong Baptist University examines 166 high-profile cases of bribery since 1971, covering payments made in 52 countries by firms listed on 20 different stockmarkets …
17 Feb 2012
Bill Browder on Russian corruption and losing $900 million
A leading global shareholder-rights activist and an outspoken fighter for improved corporate governance in Russia, asks ‘can the bear be tamed?’ …
14 Feb 2012
Corruption time bombs
Dr Stelios Zyglidopoulos and Dr Barak Ariel warn that, fuelled by the economic climate and constant pressure for performances that are not feasible given existing resources, corporate corruption is more widespread than ever. In countries where corruption is prevalent, they believe multinational corporations should lead the battle to stamp it out.
10 Feb 2012
BBC Radio Cambridgeshire – “Barclays Bank’s profits and bonuses”
Professor Raghavendra Rau, Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School, has been speaking on BBC Radio Cambridgeshire about Barclays Bank’s profits and bonuses, following the announcement of its full year results this morning.
3 Feb 2012
Financial Times – “Bonuses of contention”
The corporate pay culture is the focus of unprecedented fire. The most famous breakthrough in incentive theory came in 1990, when academics Michael Jensen and Kevin Murphy set out how stock ownership could galvanise executives. The use of share options to encourage managers ballooned, inadvertently assisted by US legislation that in effect capped executives’ cash salaries at $1m … There were two snags, says Raghavendra Rau of Cambridge Judge Business School …
31 Jan 2012
BBC Radio 5 Live – “Bankers’ bonuses”
Professor Rau explored the potential ramifications on the banking sector, following recent reports that RBS Chief Stephen Heston has waived his bonus of nearly a million pounds.
17 Jan 2012
Putting a stop to corporate corruption
Executive Education at Cambridge Judge Business School introduces an innovative new programme on Understanding and Preventing Corporate Corruption.
15 Dec 2011
Make proxy voting more transparent
Fresh research into the role of institutional investors in voting indicates that corporate governance is important to them and that the proxy voting process is an important channel for corporate governance …
22 Nov 2011
An American perspective on CSR
Professor Duane Windsor of Jones Graduate School of Business, Rice University, says corporate social responsibility is working …
2 Aug 2011
The buck stops here
Professor Simon Deakin believes corporate governance is under the microscope in the investigation into the activities of News International, owners of the defunct tabloid newspaper News of the World.