Responsible Capitalism

A common argument against divestment is that it jettisons voting power and that it has a small effect on stock prices. We argue that divestment is a form of...

The SEC’s efforts to standardize climate disclosure have revealed deep divides among the public and among corporate and securities law scholars...

Market concentration and weak competition do not just lead to lower efficiency, but also result in corporate profits flowing primarily to wealthy...

How Much Do Investors Care About Social Responsibility?

Perhaps the most important corporate law debate over the last several years concerns whether directors and executives should manage the corporation to...

The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable finance. This study sheds light on this...

The most important phenomenon in the corporate world today is the swift and dramatic rise of the Environmental, Social, and Governance (“ESG”)...

What do asset managers believe regarding the financial performance of Environmental, Social, and Governance (ESG) investment strategies? We address...

Designing a regulatory response to climate change is one of the defining challenges of our era. In an attempt to address it, the Securities and Exchange...