If the top business schools offered a Ph.D. in corporate governance, their textbooks would cover subjects that extend far beyond recent accounting scandals and the resulting legislation. They would put governance in a historical context to show how problems arose. They would examine factors that make markets inefficient. They would discuss stock valuation and asset pricing models. And they would examine the impact of financing decisions on customers, employees, shareholders and bondholders.
Fred R. Kaen, Ph.D., professor of finance and co-director of the international private enterprise center in the University of New Hampshire’s Whittemore School of Business and Economics, does all of the above and more. More information than you need? Not if your organization has made a strong commitment to attaining best practices in governance.