The Media Role in Corporate Governance Improvement: Lessons from European Dual Class Share Unifications

2014 ◽  
Author(s):  
Beni Lauterbach ◽  
Anete Pajuste
Keyword(s):  
Corporate Governance ◽  
The Media ◽  
Dual Class

scholarly journals Corporate Governance of Artificial Intelligence in the Public Interest

Information ◽  
2021 ◽  
Vol 12 (7) ◽  
pp. 275
Author(s):  
Peter Cihon ◽  
Jonas Schuett ◽  
Seth D. Baum
Keyword(s):  
Artificial Intelligence ◽  
Corporate Governance ◽  
Law Enforcement ◽  
Nonprofit Organizations ◽  
Public Interest ◽  
Department Of Defense ◽  
The Public ◽  
Wide Range ◽  
The Media ◽  
The U.S

Corporations play a major role in artificial intelligence (AI) research, development, and deployment, with profound consequences for society. This paper surveys opportunities to improve how corporations govern their AI activities so as to better advance the public interest. The paper focuses on the roles of and opportunities for a wide range of actors inside the corporation—managers, workers, and investors—and outside the corporation—corporate partners and competitors, industry consortia, nonprofit organizations, the public, the media, and governments. Whereas prior work on multistakeholder AI governance has proposed dedicated institutions to bring together diverse actors and stakeholders, this paper explores the opportunities they have even in the absence of dedicated multistakeholder institutions. The paper illustrates these opportunities with many cases, including the participation of Google in the U.S. Department of Defense Project Maven; the publication of potentially harmful AI research by OpenAI, with input from the Partnership on AI; and the sale of facial recognition technology to law enforcement by corporations including Amazon, IBM, and Microsoft. These and other cases demonstrate the wide range of mechanisms to advance AI corporate governance in the public interest, especially when diverse actors work together.

scholarly journals The Corporate Governance Role of the Media: Evidence from Russia

2008 ◽  
Vol 63 (3) ◽  
pp. 1093-1135 ◽  
Author(s):  
ALEXANDER DYCK ◽  
NATALYA VOLCHKOVA ◽  
LUIGI ZINGALES
Keyword(s):  
Corporate Governance ◽  
The Media

scholarly journals The Corporate Governance Role of the Media: Evidence from Russia

2006 ◽  
Author(s):  
Alexander Dyck ◽  
Natalya Volchkova ◽  
Luigi Zingales
Keyword(s):  
Corporate Governance ◽  
The Media

scholarly journals Corporate governance, family firms, and innovation

2020 ◽  
Vol 18 (1) ◽  
pp. 138-151
Author(s):  
Brian Bolton ◽  
Jung Eung Park
Keyword(s):  
Corporate Governance ◽  
Family Firms ◽  
Governance Mechanisms ◽  
Managerial Entrenchment ◽  
Ownership Structures ◽  
Corporate Governance Mechanisms ◽  
Dual Class ◽  
The Impact ◽  
Comprehensive Study ◽  
Board Ownership

We provide a comprehensive study of how corporate governance influences innovation at family firms. Specifically, we consider productive innovation or the impact that R&D spending has on firm revenues. First, we find that family firms do indeed generate more productive innovation than non-family firms, perhaps because they are better able to have a longer-term perspective. We then show how different corporate governance mechanisms influence this relationship. In general, board ownership and CEO ownership are associated with more productive innovation at all firms. Importantly, we find that managerial entrenchment leads to more productive innovation in general, consistent with prior research; however, contrary to prior research, we do not find this result at family firms, suggesting that it’s the ownership relationship, not managerial entrenchment, that drives innovation. We also find that independent boards are associated with greater innovation at family firms but not at non-family firms. Finally, we find that dual-class share structures are harmful for innovation at all firms. Our primary contributions are identifying how firms with different ownership structures focus on creating productive innovation and analyzing how ownership structures interact with different corporate governance mechanisms to allow the firm to make longer-term investments in innovation.

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