The practice of disclosing corporate Environmental, Social and Governance performance information continues to evolve, and the frequency of …
Risk
Attracting Long-Term Shareholders
Corporate CEOs often say they don’t hear enough from shareholders about strategic issues related to long-term value creation. …
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: …
Sustainability at Walmart: Success over the Long Haul
At the core of Walmart’s corporate purpose is the principle of “shared value.” The company views its mission …
Columbia Law School Roundtable on The Future of Capitalism
In this discussion that took place at Columbia Law School’s Millstein Center last October (and thus well before …
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 …
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 …
Corporate Insurance Strategy: The Case of British Petroleum
The authors provide a fundamental rethinking of how corporations should evaluate various kinds of risks and risk management …
Risk and Regulation in Derivatives (or Why Derivatives Are a...
In this article, first published in 1994, the authors aimed to defuse the widespread hysteria about derivatives fueled …