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Research Programmes
 Enterprise and Innovation
Corporate Governance
Research Activities  Survey
& Database Unit
 Policy Evaluation Unit
 SME Surveys
Other CBR Surveys
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The Corporate Governance Programme covers a range of projects in the general area of intra- and inter-firm governance and regulation. Issues covered include the relationship between law, finance and economic development; the operation of the corporate governance principle of 'comply or explain'; reflexive forms of governance in financial and labour markets; comparative research on labour market reforms and international competitiveness; pension fund governance; corporate social responsibility; and the relationship between corporate governance and innovation. Both qualitative (case-study) and quantitative methods are used. Funding comes from, inter alia, the ESRC, the EU and the UK and Japanese governments. In the course of the last year, two ESRC-funded projects, on the relationship between law, finance and development and the 'comply or explain' principle in corporate governance respectively, were completed, along with work on reflexive governance (REFGOV), funded by the European Union as part of the Sixth Research and Development Framework Programme. Work is continuing on labour market resources and capabilities (the CAPRIGHT project, also part of the European Union's Sixth Framework Programme) and on pension fund governance and corporate social responsibility (funded by the Belgian national research council, Belspo). These are both large-scale collaborative projects involving a number of research institutes in Europe and overseas. Work on ethics and globalization also continued in the year under review. In the course of the year new funding was obtained from the Japanese government, via our research partners at ITEC, Doshisha University, to support research on corporate governance and innovation. Researchers across all projects in the programme continued to publish in high-quality journals. Further recognition for the quality of work in these projects came in the form of the award to a CBR paper, for the second year running, of the European Corporate Governance Institute's prize for the best working paper on a law-related corporate governance theme. In addition, the ESRC-funded 'Law, Finance and Development' project was given an 'outstanding' evaluation. New areas for funding are being developed. These include research on the governance-related aspects of bank failure during the financial crisis of 2008-9; further work on constructing and analysing legal indices (building on the 'Law, Finance and Development' project); research on corporate governance in transition systems; and work on the relationship between corporate governance and innovation (building on the Japanese government grant obtained in 2010). |
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