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Corporate Governance Meets Data and Technology

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  • Wei Jiang
  • Tao Li

Abstract

Corporate governance encompasses a set of processes, customs, policies, laws, and institutions that affect how a corporation is directed, administered, or controlled. Technology both enhances and disrupts the traditional board-centric corporate governance system, enhancing efficiency and transparency while introducing new challenges and risks. In this work we examine three key themes comprehensively: the redefinition of information and information asymmetry through the generation of and access to big data; blockchain technology’s transformative potential for aggregating preferences and exercising shareholder voting rights while blurring the line between securities and tokens; and the impact of smart contracts and their underlying infrastructure on the expansion of contracts and the implementation of decentralized governance through decentralized autonomous organizations. These innovative technological solutions empower stakeholders to exercise governance rights effectively, but their complexity also gives rise to new barriers and inequalities. As technology evolves, collaboration among researchers, policymakers, and practitioners is imperative to ensure that corporate governance remains effective and responsive to the current dynamic business environment.

Suggested Citation

  • Wei Jiang & Tao Li, 2024. "Corporate Governance Meets Data and Technology," Foundations and Trends(R) in Finance, now publishers, vol. 14(2), pages 61-136, August.
    • Handle: RePEc:now:fntfin:0500000071
    DOI: 10.1561/0500000071
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    References listed on IDEAS

    as
    1. Christina Zhu, 2019. "Big Data as a Governance Mechanism," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 2021-2061.
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