Details about Marc Goergen

Homepage:	https://www.ie.edu/university/about/faculty/marc-goergen/
Workplace:	European Corporate Governance Institute (ECGI), (more information at EDIRC) Área de Dirección Financiera (Area of Finance), IE Business School, Universidad IE (IE University), (more information at EDIRC)

Access statistics for papers by Marc Goergen.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pgo528

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Working Papers

2022

1. Between Scylla and Charybdis: CEO Political Ideology, Dividends and Downsizing During the Pandemic
   Working Papers, Queen Mary University of London, School of Economics and Finance
2. Trust and monitoring
   CFR Working Papers, University of Cologne, Centre for Financial Research (CFR) View citations (3)
   See also Journal Article Trust and monitoring, Journal of Banking & Finance, Elsevier (2022) (2022)

2019

3. Do Multiple Credit Ratings Reduce Money Left on the Table? Evidence from US. IPOs
   Working Papers, Queen Mary University of London, School of Economics and Finance
   See also Journal Article Do multiple credit ratings reduce money left on the table? Evidence from U.S. IPOs, Journal of Corporate Finance, Elsevier (2021) View citations (5) (2021)
4. Firms’ rationales for CEO duality: Evidence from a mandatory disclosure regulation
   CFR Working Papers, University of Cologne, Centre for Financial Research (CFR) View citations (5)
   See also Journal Article Firms' rationales for CEO duality: Evidence from a mandatory disclosure regulation, Journal of Corporate Finance, Elsevier (2020) View citations (7) (2020)

2018

5. Insider Trading and Networked Directors
   Discussion Paper, Tilburg University, Center for Economic Research
   See also Journal Article Insider trading and networked directors, Journal of Corporate Finance, Elsevier (2019) View citations (23) (2019)
6. Passing the dividend baton: The impact of dividend policy on new CEOs' initial compensation
   Working Papers, Swansea University, School of Management
   See also Journal Article Passing the dividend baton: The impact of dividend policy on new CEOs' initial compensation, Journal of Corporate Finance, Elsevier (2019) (2019)
7. Why female board representation matters: The role of female directors in reducing male CEO overconfidence in corporate decisions
   Working Papers, Swansea University, School of Management View citations (1)

2017

8. Index Membership vs. Loss of Voting Power: The Unification of Dual-Class Shares
   Schumpeter Discussion Papers, Universitätsbibliothek Wuppertal, University Library View citations (1)
   See also Journal Article Index membership vs. loss of voting power: The unification of dual-class shares, Journal of International Financial Markets, Institutions and Money, Elsevier (2017) View citations (1) (2017)

2015

9. Public Listing, Context and CSR: The Effects of Legal Origin
   John H Dunning Centre for International Business Discussion Papers, Henley Business School, University of Reading

2012

10. Dividend Policy, Corporate Control and the Tax Status of the Controlling Shareholder
    Schumpeter Discussion Papers, Universitätsbibliothek Wuppertal, University Library View citations (1)
    See also Journal Article Dividend policy, corporate control and the tax status of the controlling shareholder, Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer (2019) View citations (5) (2019)

2011

11. Disentangling the Link Between Stock and Accounting Performance in Acquisitions
    Schumpeter Discussion Papers, Universitätsbibliothek Wuppertal, University Library
    See also Journal Article Disentangling the link between stock and accounting performance in acquisitions, The European Journal of Finance, Taylor & Francis Journals (2015) View citations (3) (2015)
12. Dividend policy, corporate control and tax clienteles: The case of Germany
    CFS Working Paper Series, Center for Financial Studies (CFS)

2008

13. Contractual Corporate Governance
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center View citations (16)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2008) View citations (16)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2008) View citations (16)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2008) View citations (16)
    See also Journal Article Contractual corporate governance, Journal of Corporate Finance, Elsevier (2008) View citations (16) (2008)
14. Do UK Institutional Shareholders Monitor their Investee Firms?
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2008) View citations (2)
15. The Dividend Policy of German Firms
    Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2004) View citations (7)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2004) View citations (7)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2008) View citations (2)

2006

16. Corporate Governance in the Financial Sector of Pakistan
    Governance Working Papers, East Asian Bureau of Economic Research View citations (2)
17. Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2006) View citations (2)
    Discussion Paper, Tilburg University, Center for Economic Research (2006) View citations (2)
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2006) View citations (2)
    See also Journal Article Why are the French so different from the Germans? Underpricing of IPOs on the Euro New Markets, International Review of Law and Economics, Elsevier (2009) View citations (12) (2009)

2005

18. Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe
    Discussion Paper, Tilburg University, Center for Economic Research View citations (73)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2005) View citations (70)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2005) View citations (53)
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2005) View citations (72)
    See also Journal Article Corporate Governance Convergence: Evidence From Takeover Regulation Reforms in Europe, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2005) View citations (73) (2005)
19. Insider Trading, News Releases and Ownership Concentration
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2005)
    Discussion Paper, Tilburg University, Center for Economic Research (2005)
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2005)
    See also Journal Article Insider Trading, News Releases, and Ownership Concentration, Journal of Finance, American Finance Association (2006) View citations (157) (2006)
20. Shareholder Lock-In Contracts: Share Price and Trading Volume Effects at the Lock-In Expiry
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2005) View citations (1)
    Discussion Paper, Tilburg University, Center for Economic Research (2005) View citations (1)
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2005) View citations (1)

2004

21. Dividend policy of German firms: A dynamic panel analysis of partial adjustment models
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center View citations (7)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2004) View citations (7)
22. Recent Developments in German Corporate Governance
    Discussion Paper, Tilburg University, Center for Economic Research View citations (11)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2004) View citations (11)
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2004) View citations (11)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2004) View citations (11)
    See also Journal Article Recent developments in German corporate governance, International Review of Law and Economics, Elsevier (2008) View citations (25) (2008)
23. Shareholder Lockup Agreements in French Nouveau Marche and German Neuer Markt IPOs
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Discussion Paper, Tilburg University, Tilburg Law and Economic Center (2004)
24. Shareholder Lockup Agreements in the European New Markets
    Discussion Paper, Tilburg University, Center for Economic Research
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2004)

2003

25. Insider retention and long-run performance in German and UK IPO's
    Discussion Paper, Tilburg University, Tilburg Law and Economic Center
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2003)

2002

26. Lock-In Agreements in Venture Capital Backed UK IPOs
    Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2002) View citations (1)
27. Shareholder Wealth Effects of European Domestic and Cross-Border Takeover Bids
    Discussion Paper, Tilburg University, Center for Economic Research View citations (3)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2002) View citations (3)
    See also Journal Article Shareholder Wealth Effects of European Domestic and Cross‐border Takeover Bids, European Financial Management, European Financial Management Association (2004) View citations (187) (2004)
28. The Rise and Fall of the European New Markets: On the Short and Long-Run Performance of High-Tech Initial Public Offerings
    Other publications TiSEM, Tilburg University, School of Economics and Management
    Also in Discussion Paper, Tilburg University, Center for Economic Research (2002)
29. When do German Firms Change their Dividends?
    Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2002) View citations (1)
    See also Journal Article When do German firms change their dividends?, Journal of Corporate Finance, Elsevier (2005) View citations (65) (2005)

2000

30. Investment Policy, Internal Financing and ownership Concentration in the UK
    Discussion Paper, Tilburg University, Center for Economic Research View citations (2)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2000) View citations (2)
    See also Journal Article Investment policy, internal financing and ownership concentration in the UK, Journal of Corporate Finance, Elsevier (2001) View citations (80) (2001)

1999

31. Prediction of Ownership and Control Concentration in German and UK Initial Public Offerings
    Discussion Paper, Tilburg University, Center for Economic Research View citations (1)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (1999) View citations (2)
32. Strong Managers and Passive Institutional Investors in the UK
    Working Papers, Fondazione Eni Enrico Mattei View citations (18)

1998

33. Strong Managers and Passive Institutional Investors in the UK: Stylized Facts
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (1998) View citations (2)
34. The Transfer of Control in British and German IPOs
    Finance, University Library of Munich, Germany View citations (1)

Journal Articles

2025

1. CEO overconfidence and the speed of adjustment of cash holdings
   The European Journal of Finance, 2025, 31, (2), 202-229
2. CEO political ideology and payout policy
   Journal of Banking & Finance, 2025, 172, (C)

2023

3. Measuring the ownership and control of UK listed firms: Some methodological challenges
   The British Accounting Review, 2023, 55, (6)

2022

4. Trust and monitoring
   Journal of Banking & Finance, 2022, 143, (C)
   See also Working Paper Trust and monitoring, CFR Working Papers (2022) View citations (3) (2022)

2021

5. Do multiple credit ratings reduce money left on the table? Evidence from U.S. IPOs
   Journal of Corporate Finance, 2021, 67, (C) View citations (5)
   See also Working Paper Do Multiple Credit Ratings Reduce Money Left on the Table? Evidence from US. IPOs, Working Papers (2019) (2019)
6. Does board gender diversity affect renewable energy consumption?
   Journal of Corporate Finance, 2021, 66, (C) View citations (77)

2020

7. Firms' rationales for CEO duality: Evidence from a mandatory disclosure regulation
   Journal of Corporate Finance, 2020, 65, (C) View citations (7)
   See also Working Paper Firms’ rationales for CEO duality: Evidence from a mandatory disclosure regulation, CFR Working Papers (2019) View citations (5) (2019)

2019

8. CEO and director compensation, CEO turnover and institutional investors: Is there cronyism in the UK?
   Journal of Banking & Finance, 2019, 103, (C), 18-35 View citations (13)
9. Dividend policy, corporate control and the tax status of the controlling shareholder
   Economia e Politica Industriale: Journal of Industrial and Business Economics, 2019, 46, (2), 157-189 View citations (5)
   See also Working Paper Dividend Policy, Corporate Control and the Tax Status of the Controlling Shareholder, Schumpeter Discussion Papers (2012) View citations (1) (2012)
10. Foreign Business Activities, Foreignness of the VC Syndicate, and IPO Value
    Entrepreneurship Theory and Practice, 2019, 43, (5), 947-973 View citations (6)
11. Grand challenges and new avenues for corporate governance research
    Economia e Politica Industriale: Journal of Industrial and Business Economics, 2019, 46, (2), 137-146 View citations (3)
12. Insider trading and networked directors
    Journal of Corporate Finance, 2019, 56, (C), 152-175 View citations (23)
    See also Working Paper Insider Trading and Networked Directors, Discussion Paper (2018) (2018)
13. Passing the dividend baton: The impact of dividend policy on new CEOs' initial compensation
    Journal of Corporate Finance, 2019, 56, (C), 458-481
    See also Working Paper Passing the dividend baton: The impact of dividend policy on new CEOs' initial compensation, Working Papers (2018) (2018)
14. The relationship between public listing, context, multi-nationality and internal CSR
    Journal of Corporate Finance, 2019, 57, (C), 122-141 View citations (9)
15. Why female board representation matters: The role of female directors in reducing male CEO overconfidence
    Journal of Empirical Finance, 2019, 53, (C), 70-90 View citations (37)

2018

16. How Reported Board Independence Overstates Actual Board Independence in Family Firms: A Methodological Concern
    Annals of Corporate Governance, 2018, 3, (2), 81-183

2017

17. Index membership vs. loss of voting power: The unification of dual-class shares
    Journal of International Financial Markets, Institutions and Money, 2017, 49, (C), 140-153 View citations (1)
    See also Working Paper Index Membership vs. Loss of Voting Power: The Unification of Dual-Class Shares, Schumpeter Discussion Papers (2017) View citations (1) (2017)
18. The impact of board gender composition on dividend payouts
    Journal of Corporate Finance, 2017, 43, (C), 86-105 View citations (139)

2016

19. Evolution of control of cross-listed companies
    The European Journal of Finance, 2016, 22, (15), 1507-1533 View citations (2)

2015

20. Disentangling the link between stock and accounting performance in acquisitions
    The European Journal of Finance, 2015, 21, (9), 755-771 View citations (3)
    See also Working Paper Disentangling the Link Between Stock and Accounting Performance in Acquisitions, Schumpeter Discussion Papers (2011) (2011)
21. Institutions, unionization and voice: The relative impact of context and actors on firm level practice
    Economic and Industrial Democracy, 2015, 36, (2), 195-214
22. Mind the gap: The age dissimilarity between the chair and the CEO
    Journal of Corporate Finance, 2015, 35, (C), 136-158 View citations (30)

2014

23. Inside the board room
    Journal of Corporate Finance, 2014, 28, (C), 1-5 View citations (11)
24. Insider Trading and Financing Constraints
    The Financial Review, 2014, 49, (4), 685-712 View citations (5)
25. The determinants of the CEO successor choice in family firms
    Journal of Corporate Finance, 2014, 28, (C), 6-25 View citations (21)
26. The employment consequences of private equity acquisitions: The case of institutional buy outs
    European Economic Review, 2014, 71, (C), 67-79 View citations (11)
27. Top management ties with board members: How they affect pay–performance sensitivity and IPO performance
    Journal of Corporate Finance, 2014, 27, (C), 99-115 View citations (5)

2013

28. Private Equity Acquisitions of Continental European Firms: the Impact of Ownership and Control on the Likelihood of Being Taken Private
    European Financial Management, 2013, 19, (1), 72-107 View citations (9)
29. The effects of management-board ties on IPO performance
    Journal of Corporate Finance, 2013, 21, (C), 153-179 View citations (31)
30. Trust, Owner Rights, Employee Rights and Firm Performance
    Journal of Business Finance & Accounting, 2013, 40, (5-6), 589-619 View citations (23)

2012

31. Multinationality and the performance of IPOs
    Applied Financial Economics, 2012, 22, (10), 763-776 View citations (4)
32. Varieties of Capitalism and Investments in Human Capital
    Industrial Relations: A Journal of Economy and Society, 2012, 51, 501-527 View citations (22)

2011

33. Introduction to the special issue on managerial compensation
    Journal of Corporate Finance, 2011, 17, (4), 1065-1067 View citations (27)
34. Managerial compensation
    Journal of Corporate Finance, 2011, 17, (4), 1068-1077 View citations (34)
35. On the Publicity of Two‐Stage Spin‐Offs and Equity Carve‐Outs
    The Financial Review, 2011, 46, (4), 671-701 View citations (2)
36. The two sides of CEO option grants at the IPO
    Journal of Corporate Finance, 2011, 17, (4), 1116-1131 View citations (5)
37. VC Board Representation and Performance of US IPOs
    Journal of Business Finance & Accounting, 2011, 38, (3-4), 413-445 View citations (16)

2010

38. Price, volume and spread effects associated with the expiry of lock-in agreements: Evidence from the Hong Kong IPO market
    Pacific-Basin Finance Journal, 2010, 18, (5), 442-459 View citations (6)

2009

39. Dividend policy of German firms: A panel data analysis of partial adjustment models
    Journal of Empirical Finance, 2009, 16, (2), 175-187 View citations (50)
40. Dividends and politics
    European Journal of Political Economy, 2009, 25, (2), 208-224 View citations (5)
41. Why are the French so different from the Germans? Underpricing of IPOs on the Euro New Markets
    International Review of Law and Economics, 2009, 29, (3), 260-271 View citations (12)
    See also Working Paper Why are the French so Different from the Germans? Underpricing of IPOs on the Euro New Markets, Other publications TiSEM (2006) View citations (1) (2006)

2008

42. Contractual corporate governance
    Journal of Corporate Finance, 2008, 14, (3), 166-182 View citations (16)
    See also Working Paper Contractual Corporate Governance, Discussion Paper (2008) View citations (16) (2008)
43. Does corporate control determine the cross-listing location?
    Journal of Corporate Finance, 2008, 14, (3), 183-199 View citations (16)
44. Is the German system of corporate governance converging towards the Anglo-American model?
    Journal of Management & Governance, 2008, 12, (1), 37-71 View citations (17)
45. Recent developments in German corporate governance
    International Review of Law and Economics, 2008, 28, (3), 175-193 View citations (25)
    See also Working Paper Recent Developments in German Corporate Governance, Discussion Paper (2004) View citations (11) (2004)
46. The impact of a cross-listing on dividend policy
    International Journal of Corporate Governance, 2008, 1, (1), 49-72 View citations (1)

2007

47. Does Dividend Policy Have a Political Dimension? The British Case
    ifo DICE Report, 2007, 5, (01), 33-37
48. Governance and the Market for Corporate Control – By John L. Teall
    Corporate Governance: An International Review, 2007, 15, (5), 1022-1023

2006

49. Explaining the diversity in shareholder lockup agreements
    Journal of Financial Intermediation, 2006, 15, (2), 254-280 View citations (23)
50. Insider Trading, News Releases, and Ownership Concentration
    Journal of Finance, 2006, 61, (6), 2931-2973 View citations (157)
    See also Working Paper Insider Trading, News Releases and Ownership Concentration, Other publications TiSEM (2005) (2005)
51. The Strategy of Going Public: How UK Firms Choose Their Listing Contracts
    Journal of Business Finance & Accounting, 2006, 33, (1‐2), 79-101 View citations (6)

2005

52. Corporate Governance Convergence: Evidence From Takeover Regulation Reforms in Europe
    Oxford Review of Economic Policy, 2005, 21, (2), 243-268 View citations (73)
    See also Working Paper Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe, Discussion Paper (2005) View citations (73) (2005)
53. When do German firms change their dividends?
    Journal of Corporate Finance, 2005, 11, (1-2), 375-399 View citations (65)
    See also Working Paper When do German Firms Change their Dividends?, Discussion Paper (2002) View citations (1) (2002)

2004

54. Shareholder Wealth Effects of European Domestic and Cross‐border Takeover Bids
    European Financial Management, 2004, 10, (1), 9-45 View citations (187)
    See also Working Paper Shareholder Wealth Effects of European Domestic and Cross-Border Takeover Bids, Discussion Paper (2002) View citations (3) (2002)

2003

55. Why Are the Levels of Control (So) Different in German and U.K. Companies? Evidence from Initial Public Offerings
    The Journal of Law, Economics, and Organization, 2003, 19, (1), 141-175 View citations (38)

2001

56. Corporate Investment, Asymmetric Information and Agency Costs in the UK
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2001, 70, (2), 248-260
57. Investment policy, internal financing and ownership concentration in the UK
    Journal of Corporate Finance, 2001, 7, (3), 257-284 View citations (80)
    See also Working Paper Investment Policy, Internal Financing and ownership Concentration in the UK, Discussion Paper (2000) View citations (2) (2000)
58. PO Lock‐in Agreements in the UK
    Journal of Business Finance & Accounting, 2001, 28, (9‐10), 1235-1278

Books

2010

1. Corporate Governance and Complexity Theory
   Books, Edward Elgar Publishing View citations (10)

2004

2. Dividend Policy and Corporate Governance
   OUP Catalogue, Oxford University Press View citations (70)

1998

3. Corporate Governance and Financial Performance
   Books, Edward Elgar Publishing View citations (32)

Chapters

2013

1. Do directors trade after IPO lockup expiry?
   Chapter 14 in Handbook of Research on IPOs, 2013, pp 275-294

2012

2. CEO Compensation and Stock Options in IPO Firms
   Chapter 9 in Research Handbook on Executive Pay, 2012

2011

3. Corporate Governance Systems and Industrial Relations
   Palgrave Macmillan View citations (1)