Research Group on Corporate Governance

Research Group on Corporate Governance

The group carries out applied research with the main aim to provide useful empirical evidence to regulators and policy makers when establishing policies to improve corporate governance. Hence, the research done so far has shown the little usefulness of the Shareholders' Meetings as mechanisms to enhance governance. Currently, three main research areas are defined: audit quality, management compensation and the limitations of codes of good governance to measure governance. The first line constitutes a direct response to the explicit request made by the  European Commission to investigate the adequacy of the current regulatory framework to ensure the independence of auditors. The second line would be justified by the social concern about management compensation in a context of crisis, and we aim to provide evidence about the relationship between management compensation and firm’s performance. Finally, the third line responds to the limitations of the codes of good governance to effectively improve corporate governance.