This course teaches topics in corporate governance based on a mixed-methods approach: lectures, case studies, insights from practice, and students’ research papers. We start by defining corporate governance and looking at how different governance systems evolved around the globe. The second part of the course discusses how the quality of a firm’s governance can be measured and which ESG rankings exist. We then discuss corporate governance related questions around the three main agents of a firm: shareholders, directors, and managers. Finally, students will prepare a research paper on a corporate governance scandal and present it in class.
After participating in this course, students should be able to:
semester 4 or higher
Students are assumed to have un-dergraduate level knowledge of corporate finance (capital structure theories, corporate valuation) on the level of the Brealey/
|Forms of teaching and learning||Contact hours||Independent study time|
|Lecture||2 SWS||7 SWS|
|Form of assessment||Homework and presentation (20%); Student paper (15 p.), including classroom presentation (80%)|
|Further information||Registration via Portal2|
Prof. Dr. Alexandra Niessen-Ruenzi
Dr. Luisa Langer
|Frequency of offering||Spring semester|
|Duration of module||1 semester|
|Range of application||B.Sc. Bus. Adm.|
|Preliminary course work||–|
|Program-specific Competency Goals||CG 2, CG 3|
|Literature||Goergen, M. (2012), International Corporate Governance, Pearson, Harlow, Munich.|
Thomsen, S. and M. Conyon (2012), Corporate Governance: Mechanisms and Systems, McGraw-Hill Education, Oxford.
Larcker, D. and B. Tayan (2011), Corporate Governance Matters, Pearson Education, London.
Kim, K.A., Nofsinger, J.R., and D.J. Mohr (2010), Corporate Governance, Pearson Education, London.