The event will be hosted jointly by LMU Munich and the Collaborative Research Center TRR 266 Accounting for Transparency.
We gratefully acknowledge financial support from the Deutsche Forschungsgemeinschaft, Project-ID 403041268, TRR 266.
Models of Corporate Governance
with
Tim Baldenius (Columbia Business School)
Munich, July 6-8, 2026
Course Description
This doctoral course explores models of corporate governance. The focus will be on communication games between shareholders, boards of directors, and managers/CEOs of firms. We will also touch on more traditional contracting models of governance. After going through some foundational papers, we will devote most of the time to recent applied theory papers. The goal is for the students to develop a thorough understanding of these models, to develop a strong intuition for the underlying mechanisms and how these may be applied to other incentive problems, and to assess the strengths and weaknesses of certain models in terms of explaining the practice of, and existing empirical evidence on, corporate governance.