Seminar in Corporate Governance *
Modulbezeichnung: Seminar in Corporate Governance *
Art des Moduls (Pflicht, Wahl, etc.): Wahlpflicht
Häufigkeit des Angebots des Moduls: Summer semester 2011
Zugangsvoraussetzungen: All exams of the ‘Orientierungsphase’ are passed and the students are in the ‘Profilierungsphase’.
Verwendbarkeit des Moduls für andere Studiengänge:
Serviceveranstaltung für Studierende der Kultur- bzw. Rechtswissenschaften
Modulverantwortlicher/Modulverantwortliche: Prof. Dr. Georg Stadtmann
Name der/des Hochschullehrer/s: Prof. Dr. Georg Stadtmann
Zahl der zugeteilten ECTS-Credits: 5
Gesamtworkload und ihre Zusammensetzung (z.B. Selbststudium + Kontaktzeit):
Kontaktzeit (Vorlesung, Übung, Seminar etc.): 37,5 Std.; Selbststudium: 112,5 Std.
Lehrveranstaltungsstunden (LVS): 3
Art der Prüfung/ Voraussetzung für die Vergabe von Leistungspunkten:
It is possible to earn a course requirement (Eigenleistungsschein). Final seminar paper – 60%; Presentation of seminar paper/ research topic during the seminar – 30%; In class participation – 10%
Gewichtung der Note in der Gesamtnote: Eins
Qualifikationsziele des Moduls:
- Enable students to understand the main corporate governance mechanisms.
- Give students an overview of the research field of corporate governance both with regards to current research topics and methodology used.
- Improve students’ scientific writing skills and abilities to present their own research in a professional manner.
After participating in class discussions and completing the assignments students should be able to:
- Describe the world’s main corporate governance systems, understand the differences among them and compare them to each other
- Distinguish between internal and external corporate governance factors
- Identify elements of good and poor corporate governance
- Solve case studies in the field of corporate governance and apply knowledge to different cases
- Evaluate research papers in the field of corporate governance (and possibly other fields) for strengths and weaknesses
- Identify ideas for future research
- Formulate a well structured outline for a seminar paper and a seminar presentation
- Apply scientific writing skills and write their own seminar paper; apply Harvard citation style in a correct manner
Inhalte des Moduls:
1. Discussion of students’ expectations about what corporate governance is about
2. Discussion of different definitions of corporate governance and aspects that are important parts of corporate governance
3. Systems of corporate governance
- Anglo-Saxon system
- Germanic system
- Latin system
- Japanese system
4. Introduction to scientific writing
5. Introduction to writing presentations
6. Topics for the paper
- Does Corporate Governance matter?
- The Sarbanes Oxley-Act and its effect on firms
- Corporate Governance and CEO Succession
- The market for corporate control
- Corporate Governance vs. Corporate Social Responsibility - A comparison of concepts
- Ownership concentration in Eastern Europe
- Types of owners: State ownership / privatization
- Institutional Investors
- Executive compensation in international comparison
- Transparency in executive compensation: Empirical analysis
- Pensions as an element of executive compensation
Lehr- und Lernmethoden des Moduls:
- The course contains three sections using different teaching techniques.
- The first and second sections will be interactive lectures. The students will be introduced to the topic and to scientific writing and discuss experiences that they have previously made.
- The second section will be held in seminar style. Each student will research a topic and present it to the other students. In the second part of the session the discussion will be opened up to all students. The presentations might be complemented by group brainstormings or case studies matching the topics of the session.
- Introductory lectures: English; seminar paper and seminar presentations: English or German.
Besonderes (z.B. Online-Anteil, Praxisbesuch, Gastvorträge, etc.):
We have a strong eye on the adequate format of the paper. Hence, it is a good idea to start with LaTex (instead of Word) as your scientific word processing software. We will give (a very brief) intro to the program and provide also a “mastercopy.”
Literatur (Pflichtlektüre/zusätzlich empfohlene Literatur):
Weimer, J. and Pape, J. (1999): "A Taxonomy of Systems of Corporate Governance", Corporate Governance, 7(2), 152-166.
MacNeil, I. and Xiao, L.(2004): "Comply or Explain: market discipline and non-compliance with the Combined Code", Corporate Governance: An international Review, 14 (5), 486-496.
Tuschke, A. and Sanders, W. G. (2003): "Antecedents and consequences of corporate governance reform: The case of Germany", Strategic Management Journal, 24(7), 631-649.
Hiroyuki Itami (2003): “Concept of the Firm and Corporate Governance in Japan”, in: Schwalbach (eds.) Corporate Governance, pp. 89-102.
Lorsch, J. W. and Khurana, R. (1999): “Changing Leaders: The Board’s Role in CEO Succession”, Harvard Business Review, May/June, 96-105.
Lee, M. (2008): "A Review of the Theories of Corporate Social Responsibility: Its Evolutionary Path and the Road Ahead", International Journal of Management Reviews, 10(1), 53-73.
Earle, J., Kucsera, C. and Telegdy, A. (2005): "Ownership Concentration and Corporate Performance on the Budapest Stock Exchange: Do Too Many Cooks Spoil the Gulash?", Corporate Governance: An International Review, 13(2), 254-264.
Shleifer, A. (1998): "State versus Private Ownership", Journal of Economic Perspectives, 12(4), 133-150.
Pozen, R. C. (1994): “Institutional Investors: The Reluctant Activists”, Harvard Business Review, Jan/Feb, 140-149.
Schwalbach, J. and Conyon, M. (2000): "Executive Compensation: Evidence from the UK and Germany", Long Range Planning, 33, 504-526.
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