Publications: Corporate Governance


Patricia Crifo, Marc-Arthur Diaye and Sanja Pekovic, (2023), Wages and corporate social responsibility: entrenchment or ethics?, Employee Relations, 45 (2), pp. 495-515

Silvia Rossetto, Nassima Selmane, and Raffaele Staglianò, (2023), “Ownership concentration and firm risk: The moderating role of mid-sized blockholders”, Journal of Business Finance and Accounting, 50, n. 1-2, pp. 377–410

Sandra Cavaco, Patricia Crifo and Antoine Rebérioux, (2023), Codetermination and the bonus culture: Does shared governance increase corporate sustainability? , forthcoming 


Milo Bianchi, Rose-Anne Dana and Elyès Jouini, (2022), "Equilibrium CEO Contract with Belief Heterogeneity" Economic Theory, 74(2), pp. 505–546   

Milo Bianchi, Rose-Anne Dana and Elyès Jouini, (2022), "Shareholder Heterogeneity, Asymmetric Information, and the Equilibrium Manager", Economic Theory, 73(4), pp. 1101–1134

Sandra Cavaco, Patricia Crifo, and Antoine Guidoux, (2022), Les “contrats RSE” indexant la rémunération des dirigeants sur l’atteinte d’objectifs RSE ont-ils un réel impact ? Institut des Politiques Publiques, n° 85


Bratton, W. and S. Sepe, (2020), "Corporate Law and the Myth of Efficient Market Control", Cornell Law Review.

Fisch, J. and S. Sepe, (2020), "Shareholder Collaboration", Texas Law Review.


Bianchi, M. and H. Luomaranta, (2019), "Agency Costs and Firm Productivity", TSE working paper, n.21-1252, August 2021.

Cavaco S., P. Crifo and A. Guidoux, (2019), "CSR and corporate governance: the role of executive compensation programs", working paper.

Cremers, M., S. Gurnsey, and S. Sepe, (2019), "Stakeholder Orientation and Firm Value", working paper.

Cremers, M., S. Gurnsey, and S. Sepe, (2019), "Selection Bias in Corporate Governance: Evidence from Business Combination Laws", working paper.

Cremers, M., S. Gurnsey, L. Litov and S. Sepe, (2019), "Shadow Pills, Actual Pill Policy, and Firm Value", working paper.


Cremers, Martin and S. Sepe, (2018), "Investors’ Time Preferences and Corporate Governance", Seattle University Law Review, 41, pp. 387-418.

Crifo P. , Escrig-Olmedo E., and N. Mottis, (2018), "Corporate Governance as a Key Driver of Corporate Sustainability in France: The Role of Board Members and Investor Relations", Journal of Business Ethics.

Crifo, P. and A. Rebérioux, (2018), "Le gouvernement d’entreprise - nouveaux enjeux: introduction", Revue d’économie financière, 130, pp. 9-18.

Crifo, P. and G. Roudaut, (2018), "Board independence and the monitoring-advising trade-off in France", Working paper.

Roudaut, G. and A. Rebérioux, (2018), "Le conseil d’administration: enjeux de gouvernance et de responsabilité", Revue d’Economie Financière, 2018/2 (130), pp. 163-180.


Cavaco S., Crifo P., Réberioux A., and G. Roudaut, (2017), "Independent directors: less informed, but better selected than affiliated members?", Journal of Corporate Finance, 43, pp. 106–121.

Cremers M., L. Litov and S. Sepe, (2017), "Staggered Boards and Firm Value, Revisited", Journal of Financial Economics, 126(2), pp. 422-444.

Cremers, M., S. Masconale and S. Sepe, (2017), "CEO Pay Redux", Texas Law Review, 96, pp. 205-272.

Rheinberger C. and N. Treich, (2017), "Attitudes toward catastrophes", Environmental and Resource Economics, 67(3), pp 609–636.

Roudaut, G., (2017), "The representation of managers, shareholders and stakeholders: does it matter for CSR commitment?", hal-01623944

Sepe, S., (2017), "Board and Shareholder Power, Revisited", Minnesota Law Review, 101, pp. 1377-1455. 


Benabou R. and J. Tirole, (2016), "Bonus Culture: Competitive Pay, Screening; and Multitasking", Journal of Political Economy, 124(2), pp. 305-370.

Cavaco, S., E. Challe, P. Crifo, A. Reberioux and G. Roudaut, (2016), "Board independence and operating performance: Analysis on (French) company and individual data", Applied Economics, 48(52), pp. 5093-5105

Cremers, M., S. Masconale, and S. Sepe, (2016), "Commitment and Entrenchment in Corporate Governance", Northwestern University Law Review, 110, pp. 727-810.

Cremers, M. and S. Sepe, (2016), "The Shareholder Value of Empowered Boards", Stanford Law Review, 68, pp. 67-148.

Crifo P. and A. Rebérioux, (2016), "Corporate Governance and Corporate Social Responsibility: A typology of OECD countries", Journal of Governance and Regulation, 5(2), pp. 14-27.

Crifo P., Diaye MA. and S. Pekovic, (2016), "CSR related management practices and Firm Performance: An Empirical Analysis of the Quantity-Quality Trade-off on French Data", International Journal of Production Economics, 171(3), pp. 405-416.

Roudaut, G. and A. Rebérioux, (2016), "Gender quota inside the boardroom: Female directors as new key players?", Cahier 216-03 de recherche Ecole Polytechnique.

Sepe, S. (2016), "Staggered Boards: Practice, Theory and Evidence", in Research Handbook On Mergers And Acquisition, Claire Hill and Steven Davidoff Solomon eds, Research Handbooks in Corporate Law and Governance series, Edward Elgar, pp. 200-215.


Crifo, P. and V. Forget, (2015), "The Economics of Corporate Responsibility: A Firm Level Perspective Survey", Journal of Economic Survey, 29(1), pp. 112-130

Crifo, P. and A. Reberioux, (2015), "Gouvernance et responsabilité sociétale des entreprises: nouvelle frontière de la finance durable?", Revue d’économie Financière, 117, pp. 205-223.

Roudaut, G., (2015), "Do firm motivations matter for CSR awareness?", in Corporate governance and firm performance: the sustainability equation?, thèse de doctorat, Economies and finances. Ecole Polytechnique; Laboratoire d'économétrie, PREG-CECO, 2015.


Crifo P. and Cavaco S. (2014), "CSR and Financial Performance: Complementarity between Environmental, Social and Business Behaviours", Applied Economics, 46(27), pp. 3323-3338.

Larmande, F. and J-P. Ponssard (2014), "Fishing for Excuses and Performance Evaluation", Review of Accounting Studies, 19(2), pp 988–1008.

Crifo, P. and MA. Diaye. (2011), "The Composition of Compensation Policy: From Cash to Fringe Benefits", Annals of Economics and Statistics, pp. 101-102.