Finance Panel

The Clark Center for Global Markets explores finance professors’ views on vital policy issues via our Finance Panel. We regularly poll over 40 individuals on a range of timely and relevant topics. Panelists not only have the opportunity to respond to a poll’s statements, but an opportunity to comment and provide additional resources, if they wish. The Clark Center then shares the results with the public in a straightforward and concise format.

Please note that from September 2022, the language in our polls will use just two modifiers to refer to the size of an effect:

‘Substantial’: when an effect is large enough that it would make a difference that matters for the behavior involved.
‘Measurable’: when the direction of the effect is clear, but perhaps experts would differ as to whether it is substantial.

Climate Reporting Mandate

Finance

Climate Reporting Mandate

Question A:

A mandate for public companies to provide climate-related disclosures (such as their greenhouse gas emissions and carbon footprint) would provide financially material information that enables investors to make better decisions.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Question B:

A mandate for public companies to provide climate-related disclosures would provide material information that enables investors to make better decisions with regards to non-financial objectives (such as aiding portfolio choice based on ESG principles).

Responses

Source: Clark Center Economic Experts Panel
Methodology

Question C:

A mandate for public companies to provide climate-related disclosures would induce them to reduce their climate impact substantially.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Corporate Governance

September 21, 2022

Stakeholder Capitalism

Finance

Stakeholder Capitalism

Question A:

Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Question B:

Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Question C:

Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.