Corporate Governance
Do Companies Invest In Corporate Social Responsibility At the Expense of Their Employees?
The past decade has seen companies increasing investments in initiatives of corporate social responsibility (CSR), such as donating a share of profits to charity....
Millennials and Gen Z Are Willing to Accept Lower Wages to Work in More Sustainable Firms
Firms in more environmentally friendly sectors are better able to attract and retain talent and at lower wages. Millennials and Gen Z, who are...
What Happens When Multinationals Appear in Reporting on Activist Assassinations? High-Profile Media Has Bite
A new report finds that being linked to human rights abuses—merely appearing in reporting around high-profile events—can significantly influence a company’s stock market value....
Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?
A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned firms have...
How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations
Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff. A recent...
Corporate Responsibility and The Two Minds of Milton Friedman
Milton Friedman had two inconsistent minds: That of an economist and an ideologue. The view that maximizing profits without constraint is a manager’s only...
We Need More Research on Corporate Corruption
The last decade has seen a continuous drumbeat of revelations of corporate corruption and the current economic crisis is sure to reveal many more....
The Social Voice of CEOs
A new working paper examines the phenomenon of CEO activism and finds that while statements by activist CEOs are more likely to have a...
The Purpose of Business is to Solve Problems of Society, Not to Cause Them
Claims that a stakeholder-focused system of corporate governance cannot succeed in the US are perverse because they take as given that corporations in the...
Bringing Ethics Back to Friedman’s Call to Purpose for the Next 50 Years
Fifty years ago, Friedman compellingly presented his argument for shareholder primacy. But as currently implemented, shareholder primacy threatens the unifying purposes that drove people...
