The Millennial Corporation: Strong Stakeholders, Weak Managers
The most important phenomenon in the corporate world today is the swift and dramatic rise of the Environmental, Social, and Governance (“ESG”)...
Read moreThe most important phenomenon in the corporate world today is the swift and dramatic rise of the Environmental, Social, and Governance (“ESG”)...
Read moreSocial enterprises are becoming increasingly popular across the globe. They are seen particularly by younger generations as an exceptionally...
Read moreESG ratings deliver the short-hand evaluation that investors need to incorporate environmental, social, and governance aspects in their...
Read moreClimate disasters propagate through common ownership networks. Institutional investors in firms hit by climate-related disasters are more likely to...
Read moreWhat determines the effectiveness of corporate compliance programs, and who is accountable when they fail? Scholars and policymakers tend to answer...
Read moreMarket concentration and weak competition do not just lead to lower efficiency but also result in corporate profits flowing primarily to wealthy...
Read morePrior research has documented a carbon premium in realized returns, which has been assumed to proxy for expected returns and thus the cost of capital. We...
Read moreThis paper measures diversity, equity, and inclusion (DEI) using proprietary data on survey responses used to compile the Best Companies to Work For...
Read morePerhaps the most important corporate law debate over the last several years concerns whether directors and executives should manage the corporation to...
Read moreA common argument against divestment is that it discards voting power and has a small effect on stock prices. We argue that divestment is a statement of...
Read moreThe SEC’s efforts to standardize climate disclosure have revealed deep divides among the public and among corporate and securities law scholars...
Read moreCorporate short-termism, i.e., corporations sacrificing long-term value for short-term profits, has received a lot of attention in the corporate...
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