Corporate CEOs often say they don’t hear enough from shareholders about strategic issues related to long-term value creation. …
Capital Allocation
Morgan Stanley Roundtable on Capital Structure and Payout Policy
A group of distinguished finance academics and practitioners discuss a number of topical issues in corporate financial management: …
How One Company Drives Ownership Behavior to Innovate and Create...
For the past 70 years, Varian Medical Systems has helped lead the fight against cancer by developing new …
Global Public-Private Investment Partnerships: A Financing Innovation with Positive Social...
Global bond markets, along with banks and governments, are the main source of funding for investment in environmentally …
An Honorable Harvest: Universal Owners Must Take Responsibility for Their...
Despite a maturing industry of ESG professionals and coordinated efforts by shareholders calling for more responsible corporate behavior, …
China’s Economy Is Not Overtaking America’s
Most scholars and pundits, along with the general public, believe that China is an economic juggernaut set to …
Using Organizational Architecture to Lead Change
Effective leadership involves more than developing and communicating the right strategic vision for the company. To encourage employees …
Transfer Pricing and the Control of Internal Corporate Transactions
One potential weakness of all divisional profitability schemes is their inability to capture synergies among business units. One …
The Economics of Organizational Architecture
Drawing on the work of Michael Jensen and William Meckling, the co-formulators of “agency cost theory,” the authors …
The Capital Structure Puzzle: Another Look at the Evidence
Since the formulation of the Miller and Modigliani propositions over 60 years ago, financial economists have been debating …