Summer School UIMP

Universidad Internacional Menéndez Pelayo
Summer School

CORPORATE GOVERNANCE
ECONOMIC, FINANCIAL, AND LEGAL PERSPECTIVES

11-15 August 2008, Santander, Spain

FACULTY

Marco Becht is a Professor of Finance and Economics at Université Libre de Bruxelles, Executive Director of the European Corporate Governance Institute (ECGI), and Scientist in Charge of the European Corporate Governance Training Network (ECGTN). He holds a PhD in Economics from the European University Institute, and an MSc and BSc in Economics from the London School of Economics. He has previously held positions at Centro de Estudios Monetarios y Financieros (CEMFI) and the European Commission's Directorate for Industry. He has been a member of the Policy Committee of the European Confederation of Directors’ Associations and Scientific Adviser of the Committee on Corporate Governance of the European Association of Securities Dealers. His current research interests are in the areas of takeovers, shareholder activism, and corporate governance and control.

Patrick Bolton is David Zalaznick Professor of Business at Columbia Business School. He received his PhD from the London School of Economics in 1986 and holds a BA in Economics from the University of Cambridge and a BA in Political Science from the Institut d'Etudes Politiques de Paris. He began his career at the University of California at Berkeley and then moved to Harvard University. Subsequently, he has been at Ecole Polytechnique, London School of Economics, Université Libre de Bruxelles, and Princeton University. His research is in the areas of contract theory, corporate finance, and industrial organization. A central focus of his work is on the allocation of control and decision rights to contracting parties when long-term contracts are incomplete. This issue is relevant in many different areas including: the firm’s choice of optimal debt structure, corporate governance and the firm’s optimal ownership structure, vertical integration, and constitution design. His work in industrial organization focuses on antitrust economics and the potential anticompetitive effects of various contracting practices.

Ailsa Röell is Professor of International and Public Affairs at Columbia University. She holds a PhD in Political Economy from Johns Hopkins University and an MSc in Economics from the University of Groningen. She has previously held positions at the London School of Economics, Université Libre de Bruxelles, Tilburg University, and Princeton University. .Her research interests are in the area of financial economics, with special reference to securities markets, corporate finance, and corporate governance. She has published extensively in the area of stock market microstructure, with empirical and theoretical papers on market trading architecture and its impact on liquidity and price formation. Her latest work has focused on corporate governance, ranging from historical work on concentration of control, shareholder rights and takeover defense mechanisms in the Netherlands to an empirical analysis of compensation, earnings manipulation, and class action litigation in the USA.