The Millstein Center for Corporate Governance and Performance

Research

Millstein Center's Call for Research Proposals

The Millstein Center for Corporate Governance and Performance at Yale sponsors empirical and analytical research relating to corporate governance and performance. Unlike a traditional call for papers, this Call for Research Proposals is intended to support scholars at relatively early stages of research. The Faculty Advisory Board of the Center twice annually considers outstanding proposals for award stipends. Scholars at Yale and other institutions are eligible.
Projects should reflect the Center’s mission. Efforts are currently focused on the following subject areas, though topics not mentioned here are welcome:

firm governance (impact of firm structure; interactions among owners, board, and management)
market institutions (role of institutions that are vital to transactions)
regulation (role of regulation, transparency, and international standards)
role of the corporation (rationale for the corporation, corporate obligation and responsibility, expectations of stakeholders)
shareholders (the extent of ownership rights, obligations of retail and institutional investors, private pools of capital, and governments)

The program's goals are: (1) to support and foster young, exceptional talent in corporate governance (2) to stimulate research on issues related to corporate governance, corporate performance, and any linkages or correlations (3) to improve the educational research community's firsthand knowledge of corporate governance. The program supports research projects that are quantitative or qualitative in nature, including the analysis of existing data and the development of new data sets. Collection and organization of new data sets that can serve as a resource in corporate governance research is a particularly important activity that the Center is actively interested in supporting.
Research awards are up to $20,000 for a 1 year projects and may be renewed. Applications are encouraged from multiple disciplines and open to applicants of any nationality. Awards are available for post-doctoral researchers, faculty, and PhD-level researchers. Successful candidates will also be expected to submit a progress report and a final report of publication quality.

Application Requirements
For consideration by the committee, all applications must include:

Research proposal (limited to 5 pages) that includes:

A brief abstract
Description of issue and its importance
Short review of relevant research/policy literature
Model/Framework of the study
Description of methodology and research design

Estimated Budget
Author(s) current resume or CV
List of any other grants received or applied for

Evaluation criteria
Evaluation will be based on importance of the proposed issue, the strength of methodology mode, and relevant experience and research record of the applicant.

Application Submission
Proposals for Research Grants will be reviewed twice a year, with funding decisions made within a month of the review date. Upcoming deadlines for proposals are:
October 1, 2008 to be reviewed in late October
June 1, 2009 to be reviewed in late June
The submission process will be electronic for the 2008-2009 review cycles.

The Center's research will leverage the full range and depth of Yale’s academic resources and collaborate with other organizations to examine thethe interaction amongst corporations, capital markets and society, and how that ineraction affects corproate governance. Measures of performance, such as shareholder value, value to other stakeholders, the interests of the various constituencies of corporations are all part of the Center’s program. MCCGP seeks a broad understanding of how legal and social environments define and influence the governance and behavior of corporations. Research will include corporations of all types ranging from the family owned to the totally globalized.

Our research and programs are intended to develop more fully the core theme of the Center by exploring the means by which corporations may enhance society, while remaining competitive in their respective markets. We will look to enhance corporate governance to resolve the tensions that arise.

The Center supports outside researchers interested in corporate governance. For more info please see the Center Supported Research page.