The difficulties of the past year have convinced many observers that current risk management practices are deeply flawed, and that such flaws have contributed greatly to the current financial crisis. In this paper, the author challenges this view by showing the need to distinguish between flawed assessments by risk managers …
A Practitioners’ Guide to Leverage through Downturns
4 months ago Number 1, Winter 2021, Volume 33There is extensive research addressing questions of optimal capital structure. Studies typically focus on estimating the appropriate level of debt …
Should Shareholders Have a Say on Acquisitions?
4 months ago Number 1, Winter 2021, Volume 33Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United Kingdom, the listing …
Capital Allocation and Corporate Strategy: An Examination...
2 weeks ago Number 2, Spring 2021, Volume 33The authors present the findings of their study of the capital spending and cash distributions of the five largest publicly …
ESG in Emerging Markets: The Value of...
2 weeks ago Number 2, Spring 2021, Volume 33The growth of ESG funds has been strong globally, but particularly within the emerging markets equity asset class. The founder …
A Deeper Look at the Return on...
2 weeks ago Number 2, Spring 2021, Volume 33The authors summarize findings from their research on how purpose relates to the profitability, growth, and value of public companies. …
IESE-ECGI CONFERENCE on Can Purpose Deliver Better...
2 weeks ago Number 2, Spring 2021, Volume 33The inaugural dean of Oxford University's Said Business School and academic director of the British Academy's Future of the Corporation …
Corporate Resilience and Response to COVID-19
2 weeks ago Number 2, Spring 2021, Volume 33The global COVID crisis provides a test case for the argument that public companies, by making significant and credible commitments …
Enlightenment Environmentalism: A Humanistic Response to Climate...
2 weeks ago Number 2, Spring 2021, Volume 33The author counters the prevailing pessimism about the environment, which he calls “Romantic Declinism,” with his own “Enlightenment humanism,” which …
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Featured Posts
Is Economic Growth Good For Investors?
2 years ago Number 3, Summer 2012, Volume 24When measured over long periods of time, the correlation of countries’ inflation- adjusted per capita GDP growth and stock returns …
Capital Deployment Roundtable: A Discussion Of Corporate...
2 years ago Number 4, Fall 2014, Volume 26U.S. companies are now reportedly earning record-high operating returns on capital while at the same time continuing to set new …
Risk Management Failures: What Are They And...
2 years ago Number 4, Fall 2008, Volume 20The difficulties of the past year have convinced many observers that current risk management practices are deeply flawed, and that …