The authors present the findings of their study of the capital spending and cash distributions of the five …
Sustainability
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 …
IESE-ECGI CONFERENCE on Can Purpose Deliver Better Corporate Governance?
The inaugural dean of Oxford University's Said Business School and academic director of the British Academy's Future 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 …
Enlightenment Environmentalism: A Humanistic Response to Climate Change
The author counters the prevailing pessimism about the environment, which he calls “Romantic Declinism,” with his own “Enlightenment …
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 …
Value-Added Per Share (VAPS): A Value-Relevant Corporate Performance Metric
The authors introduce Value Added Per Share (VAPS) as a value-relevant metric that is intended to complement earnings …