The Economics of Higher Purpose
We develop a theory of how the intersection of business goals and the pursuit of ?higher purpose?? something that produces a non-pecuniary social...
Read moreWe develop a theory of how the intersection of business goals and the pursuit of ?higher purpose?? something that produces a non-pecuniary social...
Read moreIn his 2018 book, Prosperity, Professor Colin Mayer puts forward the proposition that a single, “embarrassingly simple” change to corporate law...
Read moreWhat determines the effectiveness of corporate compliance programs, and who is accountable when they fail? Scholars and policymakers tend to answer...
Read moreUnlike shareholder value maximization (SV), which merely calls on corporate leaders to maximize shareholder value, enlightened shareholder value...
Read moreCorporate governance may be on the verge of entering a new stage. After the managerialism that dominated the view of the corporation into the 1970s and the...
Read moreWhat is the purpose of a corporation? This fundamental question is as old as corporate law itself and traditionally it is asked with reference to the...
Read moreCorporate purpose is currently hotly debated amidst much speculation that American public companies are forsaking shareholder centrality in favor of...
Read moreThis paper reports the findings of a recent survey of 1019 individuals to learn about their commitment to and perceived value from personal and...
Read moreOrganizational higher purpose is gaining increasing traction in both research and policy discussions about the (desired) role of corporations in...
Read moreWe develop a model in which there are firms and employees who care about profit-sacrificing higher purpose (HP) and those who do not. Firms and employees...
Read moreThis paper was written for a Festschrift in honour of Rolf Skog. Concepts of corporate purpose which have risen to the fore recently emphasize a point...
Read moreA high profile public debate is taking place over one of the oldest questions in corporate law, namely, “For whom is the corporation managed?” In...
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