This course focuses on the role of incentive compensation as an integral mechanism within corporate governance.  Topics include agency theory (moral hazard), the concepts underlying optimal incentive contracting, managerial power and incentive compensation as an agency problem, practical influences on observed compensation schemes, evidence on intended and unintended outcomes, labor markets and executive retention, tournament (promotion-based) incentives, and current developments in incentive compensation.  The primary course objective is to equip students with the conceptual basis and understanding of the empirical evidence to enable students to critically evaluate and make evidence-based decisions about extant practices and the efficacy of incentive compensation.

Cross-border corporate transactions are increasingly common in the business environment. Business managersand corporate lawyers increasingly work in an international environment and will need to be aware of theseissues in order to understand the potentials and risks related to cross-border business. The course specificallydeals with related contractual and corporate matters, as well as competition and securities regulation issues thatare relevant in these types of transactions.

This course is an elective course in the M.Sc. program in Corporate Governance. Other students are welcome.

This course trains participants to plan and execute their own research projects as well as to report researchresults both in written form and orally. Critical project evaluation and giving constructive feedback on otherparticipants’ projects are essential parts of the course.

This course surveys recent developments in the literature on corporate governance. Different views on central issues arecovered and contrasted. A central issue is the interaction between the shareholders, the firm’s board, the CEO and themanagement team of the firm. International differences in existing institutions are highlighted based on real life cases.

This course consists of two parts. The first part teaches students how to approach a research project as analytical process by going through each stage of the research process, from choosing a topic to writing a final report. The second part focuses on how to build up arguments and set up a hypothesis to be tested with statistical methods.


This course focuses on the intersections of corporate governance and corporate social responsibility. The lectures will focus on
•    Corporate social responsibility, business ethics, and sustainability: conceptual background and current trends
•    Corporate social responsibility and corporate governance: intersections and differences
•    Corporate social responsibility and performance of the company: research output and practice
•    Regulation of corporate social responsibility: hard laws and soft laws
•    Corporate social responsibility and sustainability in banks

This course focuses on recent developments in boards of directors’ research. The course is a lecture series focusing on topics from board composition down to individual director qualifications. The course also provides information on how to apply research on boards of directors.


This course looks into the prominent features of financial crises from a historical perspective. The course specifically deals with crises throughout the ages (not just the 21st century). There is a great deal to be learned from an historical perspective since it can be invaluable in enlightening us in making sense of the current confusion, as well as helping us consider the range of likely responses with regard to the recent financial crisis.

The primary purpose of this course is to provide master-level students with knowledge of using econometricmethods for analyzing data in social sciences. Examples include both cross-section and panel data estimationtechniques. The statistical program the students will get acquainted with and use throughout the course is Stata.The course consists of lectures that introduce the basic concepts and their applications to real economicproblems and data. The lectures will be complemented by applications and practice in tutorial sessions.

Examiner is associate professor Aleksandra Gregoric (Copenhagen Business School).