The authors present the findings of their study of the capital spending and cash distributions of the five …
Capital Allocation
ESG in Emerging Markets: The Value of Fundamental Research and...
The growth of ESG funds has been strong globally, but particularly within the emerging markets equity asset class. …
A Deeper Look at the Return on Purpose: Before and...
The authors summarize findings from their research on how purpose relates to the profitability, growth, and value of …
Corporate Resilience and Response to COVID-19
The global COVID crisis provides a test case for the argument that public companies, by making significant and …
The Pragmatic Theory of the Firm
Four key ideas provide the foundation for the pragmatic theory of the firm, which is expecially useful for …
Making Economics More Useful: How Technological Eclecticism Could Help
Keynes thought it would be “splendid” if economists became more like dentists. Disciplinary economics has instead become more …
A Practitioners’ Guide to Leverage through Downturns
There is extensive research addressing questions of optimal capital structure. Studies typically focus on estimating the appropriate level …
The Relationship between Shareholder Return and CEO Pay over a...
The author reports the findings of his examination of the relationship between CEO pay and performance, as measured …
Should Shareholders Have a Say on Acquisitions?
Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United Kingdom, …
Risk Capital: Theory and Applications
After a brief review of the current theory and practice of risk capital by financial firms, the authors …