Course Requirements
This course is lecture based. A more comprehensive list of readings will be sent to the participants in time. It will be the student’s responsibility to read the assigned papers prior to the course, and to be ready to engage in discussion with the class. We expect an active cooperation from the participants. Therefore, it is essential to become acquainted with the assigned papers and underlying analytical methods.
Required Readings
Nadya Malenko, 2024, Information Flows, Organizational Structure, and Corporate Governance
in Handbook of Corporate Finance, 511–546, https://doi.org/10.4337/9781800373891.00023
Crawford and Sobel, 1982, Strategic Information Transmission, Econometrica 50, 1431-1451
Melumad and Shibano, 1991, Communication in Settings with no Transfers, RAND Journal of Economics, 22(2), 173–198
Dessein, 2002, Authority and Communication in Organizations, Review of Economic Studies 69, 811-838
Harris and Raviv, 2005, Allocation of Decision-Making Authority, Review of Finance 21, 1797–1832,
https://doi.org/10.1093/rfs/hhm079
Baldenius, Melumad and Meng, 2014, Board Composition and CEO Power, Journal of Financial Economics, 112(1), 2014, 53-68
Baldenius, Meng and Qiu, 2019, Biased Boards, The Accounting Review 94(2), 1-27
Baldenius, Meng and Qiu, 2021, The Value of Board Commitment, Review of Accounting Studies 26, 1587–1622
Qiu, 2025, Board Fiduciary Duty, Communication, and Compensation, Management Science, forthcoming
Azinovic-Yang and Baldenius, 2025, Innovation in Firms: Experimentation and Strategic Communication, Journal of Accounting and Economics, forthcoming
Hermalin and Weisbach, 1999, Endogenously Chosen Boards of Directors and their Monitoring of the CEO, American Economic Review, 88(1), 96–118
Laux and Laux, 2009, Board Committees, CEO Compensation, and Earnings Management, The Accounting Review 84, 869-891
Casamatta and Gümbel (2010), Managerial Legacies, Entrenchment, and Strategic Inertia, Journal of Finance 65(6), 2403–2436
Donaldson, Malenko and Piacentino, 2020, Deadlock on the Board, Review of Financial Studies, https://doi.org/10.1093/rfs/hhaa006