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Ira M. Millstein Center for Global Markets and Corporate Ownership


The Ira. M. Millstein Center for Global Markets and Corporate Ownership brings world-class scholarship, research, and academic rigor to the task of restoring and strengthening long-term financing of public corporations through research.

The Millstein Center pursues its mission and goals by:

  • Sponsoring and undertaking pertinent academic research;
  • Teaching courses and hosting on-campus guest speakers;
  • Convening conferences, workshops, and roundtables;
  • Publishing papers and briefings based on research or events;
  • Facilitating vital market institutions or networks, as needed.

The Millstein Center’s research and projects focus on the structure of the capital market and the institutions that comprise it, including pension funds, mutual funds, hedge funds, private equity firms, and sovereign wealth funds. The Center will explore which “owners” invest for long-term value creation, which invest primarily for short-term returns, and which are none of the above. The answers are critical, as these institutions are the “shareholders” that ultimately impact corporate governance, and to whom the board is responsible.

Solid research of the investment chain is essential. Informed discussion regarding necessary changes in the structure, regulation, or performance of this chain requires more knowledge than presently available. The Millstein Center aims to provide that knowledge.

The Center’s research on the capital market and its impact on corporate governance builds upon the work of the earlier successful “Institutional Investor Project” at Columbia University (1986-94), as well as the successes of the Millstein Center for Corporate Governance and Performance at the Yale School of Management (2005-12).



  • Richard Paul Richman Professor of Law
  • Professor of Law
  • Adjunct Senior Research Scholar in the Faculty of Law, Director, Columbia Law School and Columbia Business School Program on Global, Economic and Regulatory Interdependence, Professor of Law