Calls for Papers and Proposals
The Millstein Center and the Investor Responsibility Research Center Institute (“IRRCI”) issued a joint Call for Proposals this fall: "The Purpose, Use and Potential Misuse of Stock Prices in the Public Equity Market." Proposals were requested for extensive new research projects on the role of stock prices as a corporate governance mechanism—and their effects on the decision making of corporate managements, boards of directors, and investors. (Please click here to view the original call.)
The Call for Papers Selection Committee reviewed all proposals in December, and four papers were selected to receive honoraria and to be presented at a conference at Columbia Law School, held on September 19, 2014.
The following authors and their papers were selected:
- “Market Efficiency and the Development of the Market for Corporate Control” by Brian Cheffins (Cambridge) and John Armour (Oxford) (To view the paper, please click here.)
- “Market Predators” by Lauren H. Cohen (Harvard), Karl Diether (Brigham Young), Dong Lou (London School of Economics) and Christopher Malloy (Harvard)
- "Managerial Learning from Stock Prices: A Structural Examination" by Itay Goldstein (UPenn) and Andrew Di Wu (UPenn)
- “The Potential Use of Sustainability Scenarios as a Supplement to Stock Price in Equity Valuation by Long-term Investors” by Steve Lydenberg (Initiative for Responsible Investment, Harvard) (To view the paper, please click here.)
For details on the conference, please click here.