Current announcements

White paper on stock price formation
Stock price formation when information about value is costly. Get paper.

White paper on performance fees for investment managers
This white paper on performance fees offers a high level analysis of how performance fees for investment managers function and how to structure them so that they work in the best interest of the investors who pays them rather than against their interest. Get paper.

New model on the determinants of executive compensation in listed US firms
A new statistical model on the determinants of executive compensation in listed US firms has been added. The model includes variable definitions and theoretical justifications for why the explanatory variables are included in the model. The model has been estimated on the entire population of listed US firms and sub-samples. Click here to view model.

Two new exhibitions on ownership and performance
Two new exhibitions are available on the topic of managerial ownership and financial performance. Exhibition: A review of the theory on managerial ownership and financial performance. Exhibition: The Morck et al. [1988] argument about incentives and managerial entrenchment.

Statistical model on managerial ownership and financial performance
This is the first attempt to make statistical models from research available in an interactive version where model coefficients and variables can be clicked to obtain more information. Click here to view statistical model.

Dissertation about managerial ownership and financial performance
The editor of Encycogov, H. Mathiesen has successfully defended his dissertation about managerial ownership and financial performance. He has therefore finished his education and research and obtained a Ph.D. degree in economics. The defense took place at Copenhagen Business School on September 13, 2002. Get dissertation.

The 'big picture' section has been updated
The section under general topics called 'The big picture' has been updated. It mainly contains an interactive figure about the corporate governance problem and another about hypotheses in corporate governance.

New navigation tools for ENCYCOGOV
Encycogov should now be easier to navigate. Each webpage on Encycogov now contains three buttons (in the upper right corner) with links to Encycogov's search facility, the reference pages and a new sitemap for Encycogov.

The reference section has been updated and redesigned
The reference section has been updated by about 50 new references. However, it is more important that the section has also been redesigned to facilitate faster and more efficient search for references in corporate governance.

ENCYCOGOV just got a new layout
A new layout for Encycogov has been implemented. The standard font has been changed to one that is easier to read on webpages and the left border has been redesigned to accommodate reading on PCs with low screen resolutions. Furthermore, three new borders has been added to make space for future expansions.

New copyright rules for use of the Contents of Encycogov
Many people have mailed Encycogov and asked for permission to use the Contents of Encycogov for educational purposes. To make it more clear how this is possible without any prior written permission the copyright rules have been updated.

Dissertation about managerial ownership and financial performance
The editor of Encycogov.com, H. Mathiesen has submitted his dissertation about managerial ownership and financial performance on March 11, 2002 and the public defense is expected to be held this summer. Get dissertation.

Previous announcements