Douglas Cumming, CFA, PhD, JD, is an Associate Professor of Finance and Entrepreneurship and the Ontario Research Chair at the Schulich School of Business, York University. His research is primarily focused on law and finance, market surveillance, hedge funds, venture capital, private equity, and IPOs, and he has published over fifty refereed articles in leading journals. Cumming was the recipient of the 2009 Canadian Institute of Chartered Business Valuators Research Award, the 2008 Paolo Baffi Centre on Central Banking and Financial Regulation Research Award, the 2008 AIMA Canada-Hillsdale Research Award, the 2005 PWC Global Competency Research Excellence Award, and the 2004 Iddo Sarnat Annual Memorial Award for the best paper published in the Journal of Banking and Finance. He is a research associate with numerous financial and educational groups, and consults for a variety of governmental and private organizations, including Wilshire Associates. Cumming is coauthor (along with his wife, Sofia Johan) of the new book Venture Capital and Private Equity Contracting: An International Perspective.

Highlights the strong interplay on ethics in organisational efficiency and entrepreneurial activity

Entrepreneurship, Governance and Ethics; Robert Cressy, Douglas Cumming and Christine Mallin.- Deal Structuring in Philanthropic Venture Capital Investments: Financing Instrument, Valuation and Covenants; Mariarosa Scarlata and Luisa Alemany.- The Role of Corruption, Culture, and Law in Investment Fund Manager Fees; Sofia A. Johan and Dorra Najar.- Legal Protection, Corruption and Private Equity Returns in Asia; Douglas Cumming, Grant Fleming, Sofia Johan and Mai Takeuchi.- Exploring the Impact of Legal Systems and Financial Structure on Corporate Responsibility; Céline Gainet.- The UK Alternative Investment Market - Ethical Dimensions; Chris Mallin and Kean Ow-Yong.- Corporate Scandals and Capital Structure; Stefano Bonini and Diana Boraschi.- Corporate Fraud and Managers' Behavior: Evidence from the Press; Jeffrey Cohen, Yuan Ding, Cédric Lesage and Hervé Stolowy.- Player and Referee Roles Held Jointly: The Effect of State Ownership on China's Regulatory Enforcement Against Fraud; Wenxuan Hou and Geoff Moore.- Reactivity and Passivity After Enforcement Actions: Better Late Than Never;Shujun Ding, Chunxin Jia, Yuanshun Li and Zhenyu Wu.- Chinese Management Buyouts and Board Transformation; Yao Li, Mike Wright and Louise Scholes.

The chapters of this book are a selection of papers presented at a joint conference on Law, Ethics and Finance was held at the York University Schulich School of Business, 16-18 September, 2010. This book highlights with empirical data the strong interplay on ethics in organisational efficiency and entrepreneurial activity, and the role of legal settings and governance in facilitating ethical standards. It is hoped these papers encourage future scholars to continue to investigate the role of law and corporate governance in mitigating corruption and facilitating integrity in management,entrepreneurship and finance. Previously published in the Journal of Business Ethics, Volume 95 Supplement 2, 2010