Professor Marc Goergen

Teaching profile

International Corporate Finance (3rd year undergraduate);
International Corporate Finance (Postgraduate);
Corporate Governance (MBA)

Research interests

Corporate governance
Corporate control
- Dividend policy
- Initial public offerings (IPOs)
- Insider trading
- Mergers & acquisitions
- The treatment of employees across corporate governance systems

RESEARCH IN PROGRESS

My working papers are available at the Social Sciences Research Network (SSRN, http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=29035)

Selected publications

Chahine, S. and M. Goergen, 'On the Publicity of Two-Stage Spin-offs and Equity Carve-outs', forthcoming in Financial Review.

Achleitner, A.-K., Betzer, A., Goergen, M. and B. Hinterramskogler, 'Private Equity Investors as a Corporate Governance Mechanism in Continental Europe', forthcoming in European Financial Management.

Chahine, S. and M. Goergen (2011), 'IPO Underpricing and CEO Stock Options: Do Board Characteristics Matter?', Journal of Corporate Finance 17, 1116–1131.

Chahine, S. and M. Goergen (2011), 'VC board representation and performance of US IPOs', Journal of Business Finance and Accounting 38, 413–445.

Goergen, M. and L. Renneboog, 'Managerial Compensation', Journal of Corporate Finance.

Andres, C, Betzer, A., Goergen, M., and L. Renneboog (2009), 'German Dividends and the Lintner Model', Journal of Empirical Finance 16 (2), 175-187.

Goergen, M. and L. Renneboog (2008), 'Contractual Corporate Governance', Journal of Corporate Finance 14 (3), 166-182.

Abdallah, W. and M. Goergen (2008), 'Does Corporate Control Determine the Cross-listing Location?', Journal of Corporate Finance 14 (3), 183-199.

Fidrmuc, J., Goergen, M. and L. Renneboog (2006), 'Insider Trading, News Releases and Ownership Concentration', Journal of Finance 61 (6), 2931-2973.

Goergen, M., Khurshed, A. and R. Mudambi (2006), 'The Strategy of Going Public: How Firms Choose Their Listing Contracts', Journal of Business Finance & Accounting 33 (1&2), 306-328.

Goergen, M., Renneboog, L. and A. Khurshed (2006), 'Explaining the Diversity in Shareholder Lockup Agreements', Journal of Financial Intermediation 15 (2), 254-280.

Goergen, M., Martynova, M. and L. Renneboog (2005), 'Corporate Governance Convergence: Evidence from Takeover Regulation Reforms in Europe', Oxford Review of Economic Policy 21 (2), 243-268.

Goergen, M., Renneboog, L. and L. Correia da Silva (2005), 'When Do German Firms Change their Dividends?', Journal of Corporate Finance 11 (1&2), 375-399.

Goergen, M. and L. Renneboog (2004), 'Shareholder Wealth Effects of European Domestic and Cross-border Takeover Bids', European Financial Management 10 (1),9-45.

Correia da Silva, L., Goergen, M. and L. Renneboog (2004), 'Dividend Policy and Corporate Governance', Oxford: Oxford University Press, 185+xiv p. Translated into Chinese: Gu Li Zheng Ce Yu
Gong Si Zhi Li, Beijing: Peking University Press, 2006.

Goergen, M. and L. Renneboog (2003), 'Why are the Levels of Control (So) Different in German and UK Companies? Evidence from Initial Public Offerings'

Activities

Best paper award at the 7th International Conference on Corporate Governance: ‘Corporate Governance: Managing Risk in a Changing World’ held at Birmingham Business School (June 2009)
De Brauw Blackstone Westbroek Prize for the best working paper in the ECGI Law Working Paper Series (March 2005, http://www.ecgi.org/wp/winners_2005.htm)
Prize for the best paper published in European Financial Management in 2004