Alex Edmans

Alex Edmans is a Professor of Finance at London Business School and Academic Director of the Centre for Corporate Governance. He also serves as Managing Editor of the Review of Finance and Associate Editor of the Journal of Financial Economics, and is a Fellow of the Centre for Economic Policy Research and the European Corporate Governance Institute. Alex’s research interests are in corporate finance, responsible business, and behavioral finance. He has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given the TED talk What to Trust in a Post-Truth World and the TEDx talk The Social Responsibility of Business with a combined 2.3 million views. Alex’s book, Grow the Pie: How Great Companies Deliver Both Purpose and Profit, was named to the Financial Times Business Books of the Year for 2020.

The Social Responsibility of Business Includes Profits

Profits these days are often seen as a dirty word, but it is wrong to demonize profits. A company’s responsibility is not...

Two Years Later, Has the Business Roundtable Statement Transformed Capitalism?

Two years after the Business Roundtable redefined its statement of Purpose of a Corporation to include “a fundamental commitment to all of...

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be...

What Stakeholder Capitalism Can Learn From Milton Friedman

Instead of ridiculing the Friedman doctrine and proclaiming its death, advocates of stakeholder capitalism and responsible investing, like me, can learn a...

Latest news

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...

Stakeholder Motivations for “Private Sanctions” Against Russia

As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...

The Wicked Problem Embodied by The Twitter Files

In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...

Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information

New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...

Industrial Policy Is a Seductive Mirage

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

Antitrust Deregulation is Undermining Innovation

A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research,...

The Real Danger of the Twitter Files

The Editor-in-chief of the Italian news publication Domani shares his concerns about what's been left out of the controversial Twitter Files conversation...