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Spanish Journal of Finance and Accounting
Deadline: July 15, 2020
Recent Developments in European Corporate Governance
Since the 1992 Cadbury Report in the UK, many other countries have developed regulation on corporate governance. As a result of the new regulation, firms have gradually adopted what are considered to be good corporate governance practices. This is especially the case for Continental European countries, whose ownership and control has traditionally been highly concentrated and governance mechanisms such as the board of directors were less relevant than they might be now. Regulators also gradually increased their expectations of good corporate governance practices. An example concerns the gradual increase in board independence, and the recent regulatory reform in Spain, where some of the previous recommendations were transformed into mandatory rules (e.g., now the chair of the audit committee must be an independent director). There are other recent modifications to corporate governance regulation. For example, there are now rules dealing with the emergence of new actors, such as the proxy advisors and the large institutional investors (e.g., BlackRock, who in Spain own stakes in most of the firms in the Ibex-35 index).
Given more than two decades since the development of the first good corporate governance practices, and given recent amendments to corporate governance regulation across Europe, the Spanish Journal of Finance and Accounting (SJFA) proposes a Special Issue on Corporate Governance. Given recent changes to good corporate governance practices in Europe, articles analyzing the effects of these changes are especially welcomed. There will also be a special sensibility for the Spanish context.
Theoretical and empirical articles in all areas of corporate governance will be considered. For example, articles analyzing issues related to the board of directors (e.g., structure, and functions); ownership and control (e.g., new types of significant shareholders, proxy advisors); other internal and external corporate governance mechanisms (e.g., the market for corporate control, the market for directors and executives); executive compensation; regulation and corporate governance; and the relationship between corporate governance on the one side and corporate decisions (e.g., investment decisions), other corporate activities (e.g., earnings management) and firm performance on the other side.
- Call for papers: September 16, 2019
- Paper submission deadline: July 15, 2020
- Paper acceptance to the workshop: Early October 2020
- Special Issue of SJFA Workshop: February 2021
- Workshop participants to be informed about whether their paper goes forward for the special issue: early March 2021
- Selected papers to be revised along the lines of the comments from the workshop discussant and the audience: late May 2021
- Co-editors to select the papers going forward for the next step: late June 2021
- Papers to be sent out for review and reviews expected by September 2021
- Authors revise their paper by December 2021
- Final decisions made by end of January 2022
- Publication of Special Issue: 2022
The Spanish Journal of Finance and Accounting is an international journal founded in 1972. It is included in the Social Sciences Citation Index and has had an impact factor in the Journal of Citation Reports (JCR) since 2010. It is also listed in SCOPUS/Scimago. SJFA aims to publish high-quality research papers in accounting and finance and it has a sound reputation as a dedicated academic journal publishing high-quality research on all aspects of finance and accounting. SJFA is published by Taylor & Francis. Accepted papers are published online first around 30 days after their acceptance.
Manuscripts submitted to this special issue should follow the journal instructions for authors and will be subject to the usual double-blind review process. Potential contributors are encouraged to contact the co-editors about the suitability of their papers for this special issue. Manuscripts should be submitted electronically as a Microsoft Word or PDF file to the Guest Editors: Marc Goergen and Bartolomé Pascual-Fuster.
Review: Double-blind review process.
Length: 12,000 words, 1.5-spaced, Times New Roman 12
The selected manuscripts must be presented by at least one of the co-authors in a workshop that will take place at Palma de Mallorca in February 2021. A selection of the papers accepted for the workshop will be published in SJFA; however, the ultimate suitability of each manuscript will be determined through the journal’s normal review process. Authors will be notified of the initial decision regarding their workshop submission by early October 2020.