Sub-theme 20: Financialization and its Societal Implications: Rethinking Corporate Governance and Shareholders

Convenors:
Hugh Willmott, City University London & Cardiff University, United Kingdom
Emilio Marti, University of Zurich, Switzerland, & Saïd Business School, University of Oxford, United Kingdom
Jeroen Veldman, Cass Business School, City University of London, United Kingdom
Session I: Thursday, July 06, 11:00 to 12:30, FG 1B11 (1st floor)
History of Corporate Governance
Chair: Jeroen Veldman
Kevin D. Tennent, Andrew Smith and Jason Russell
Berle and Means’ ‘The Modern Corporation and Private Property’: The military roots of a stakeholder model of corporate governance
Discussant(s): Donncha Kavanagh, Martin Brigham and Nicholas Burton
Donncha Kavanagh, Martin Brigham and Nicholas Burton
The Quakers: A forgotten model of good governance
Discussant(s): Kevin D. Tennent, Andrew Smith and Jason Russell
Session II: Thursday, July 06, 14:00 to 15:30, FG 1B11 (1st floor)
Short-termism
Chair: Emilio Marti
Mark DesJardine
Under pressure: The effect of financial analyst coverage on firm investment horizon
Discussant(s): Christel Dumas and Céline Louche
Ali Samei
"Financialization and Innovation": The paradoxical role of finance
Discussant(s): Mark DesJardine
Christel Dumas and Céline Louche
The temporal iron cage of sustainable finance
Discussant(s): Ali Samei
Session III: Friday, July 07, 09:00 to 10:30, FG 1B11 (1st floor)
Comparative Corporate Governance
Chair: Jeroen Veldman
Gerhard Schnyder
Legal reform and corporate governance practices in Europe: Longitudinal firm-level evidence from four countries
Discussant(s): Karin Jonnergård, Ulf Larsson-Olaison and Anna Stafsudd
Mikael Ehne
Hedge fund activism under shareholder-oriented governance
Discussant(s): Gerhard Schnyder
Karin Jonnergård, Ulf Larsson-Olaison and Anna Stafsudd
Established forms of worker voice and the wind of change: Between corporate governance and industrial relations
Discussant(s): Mikael Ehne
Session IV: Friday, July 07, 11:00 to 12:30, FG 1B11 (1st floor)
Financialization of Corporate Behavior
Chair: Hugh Willmott
Olivia Nicol
Avoiding stigma: How Goldman Sachs passed the financial crisis unscathed
Discussant(s): Marie Redon and Nicolas Berland
Miya Tokumitsu, Joeri Mol and Graham Sewell
The office unchained: From nested to financialized workspaces
Discussant(s): Olivia Nicol
Marie Redon and Nicolas Berland
Identity of the French CFOs along with the financialization
Discussant(s): Miya Tokumitsu and Joeri Mol
Session V: Friday, July 07, 14:00 to 15:30, FG 1B11 (1st floor)
Varieties of Shareholders
Chair: Jeroen Veldman
Georgina Tsagas
The legitimate interests of shareholders within the UK corporate law context: A legal and case study analysis
Discussant(s): Katarina Sikavica
Michael Faust
A typology of shareholders and constellations of actors in the external coalition of the corporation. An exploration for the German case
Discussant(s): Georgina Tsagas
Katarina Sikavica
How do managers perceive firm ownership? Implications for shareholder primacy
Discussant(s): Michael Faust
Session VI: Saturday, July 08, 09:00 to 10:30, FG 1B11 (1st floor)
Socially Responsible Investing
Chair: Emilio Marti
Cécile Ezvan and Cécile Renouard
Responsible investors towards sustainable human development. Beyond responsible investments strategic tools, promote sustainable value creation and distribution, the critical contribution of the capability approach
Discussant(s): Jürgen Beyer, Simon Dabrowski, Florian Lottermoser and Konstanze Senge
Jürgen Beyer, Simon Dabrowski, Florian Lottermoser and Konstanze Senge
Socially responsible investors: Shaping or breaking the good organization by financialized selectivity?
Discussant(s): Cécile Ezvan and Cécile Renouard
Session VII: Saturday, July 08, 11:00 to 12:30, FG 1B11 (1st floor)
Financial Regulation
Chair: Hugh Willmott
Orlando Fernandes, Loizos Heracleous, Kevin Morrell and Kevin Morrell
Art of bridging cognitive and sociopolitical legitimacy judgements – A host policymakers' perspective
Discussant(s): Stephanie Giamporcaro, Jean-Pascal Gond and Niamh O'Sullivan
Claudine Mangen
Does power have implications for the link between institutional logics and actors?
Discussant(s): Orlando Fernandes
Stephanie Giamporcaro, Jean-Pascal Gond and Niamh O'Sullivan
Governing responsible business conduct through financial markets? The case of French responsible investing
Discussant(s): Claudine Mangen