Advancing Corporate Governance Research

Edited by Brian Bolton, Professor of Finance and the Endowed Chair in Finance, University of Louisiana at Lafayette, USA and Jung Park, Associate Professor of Entrepreneurship and Innovation, ISG Business School, France and Adjunct Researcher, HES-SO/HEG-Geneve, Switzerland

‘This book covers a wide array of corporate governance topics, which are divided into four sections: (1) cultural dynamics of corporate governance, (2) start-up & venture governance, (3) governance of family firms, and (4) governance of social purpose, mission & impact. The authors and editors are leading academics from top universities around the world. I encourage students, academics, practitioners, and policymakers with an interest in corporate governance to read the excellent chapters in this book.’

• ContentsIntroduction1 Introduction to new directions and new perspectives oncorporate governance research 2Brian Bolton and Jung ParkPART I Cultural Dynamics of Corporate GovernanceIntroduction to Part I2 The impact of within-country heterogeneity in cultural valueson global corporate governance 17David Midgley, Sunil Venaik, Demetris Christopoulos and Jung Park3 Redefining boardroom dynamics: the rising impact ofgeneration X directors 39Zhaozhao He, Mihail K. Miletkov and Viktoriya Staneva4 Dual public and private governance of companies in China: amultifaceted appraisal 51Flora Huang and Horace Yeung5 The corporate governance of Indian unicorns 71Arjya B. MajumdarPART II Start-Up Venture GovernanceIntroduction to Part II6 Governance in entrepreneurial ecosystems 105Philip T. Roundy7 Interlocking dynamics in suprateams 131Truls Erikson8 The role of advisory boards in startups and the transition toformal governance 148Rod B. McNaughton9 Start-ups acquiring start-ups – a venture governance view 165Dennis GanPART III Corporate Governance of Family FirmsIntroduction to Part III10 The heterogeneity of governance behavior in familyenterprise systems: the power perspective 182Marta Widz, Nava Michael-Tsabari and Pramodita Sharma11 Brave communication as the key for successful familybusiness succession 214Léa Zhe Wang and Séverine Mulliez12 Corporate and family governance in a developing contextwith cultural dynamics 237Taib Berrada El Azizi, Oumaima Quiddi and Badr Habba13 Corporate governance and corporate social responsibility inchaebols: Tracing the evolution under government influence 257Cinzia Dessì and Ji-Hee Kim14 Theory and application of effective governance in modernfamily philanthropy 279Małgorzata SmulowitzPART IV Governance of Social Purpose, Mission ImpactIntroduction to Part IV15 The fundamental problem with ESG? Conflicting letters 307Christos Cabolis, Maude Lavanchy and Karl Schmedders16 Separating fact from fiction: The role of sustainabilitycommittees in greenwashing 323Nguyen Thi Kim Oanh and Huong-Trang Pham17 Environmental, social and governance advocacy of globalinstitutional investors: Reshaping the governance of mission,social impact purpose 336Jinsuk Choi18 Leadership structure, governance formation, and rolemultiplicity: the choice among female founders 349Agnes Dyvik Clark19 Diversity and innovation 367Richard S. Warr and Jing ZhaoCONCLUSION Future Directions Perspectives on CorporateGovernance Research 38320 Human intelligence and artificial intelligence: Futureopportunities, challenges and responsibilities in corporategovernance research 384Brian Bolton and Jung Park