The authors summarize findings from their research on how purpose relates to the profitability, growth, and value of …
Volume 33
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 …
Implications of Short Selling for Corporate Finance
Corporate managers often view short sellers as market manipulators whose actions drive their company’s stock price below intrinsic …
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 …
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 …