This Finance survey examines (a) Concerns about the environmental impact of companies are substantially better resolved by shareholder activism towards management than by regulations or government intervention; (b) Concerns about diversity, equality and inclusion within companies are substantially better resolved by shareholder activism towards management than by regulations or government intervention
Keyword: stakeholders
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NAFTA Nash equilibrium national debt national security natural disasters natural gas natural resources net neutrality net zero Netherlands network externalities new entry New York Nippon Steel Nobel Prize Nobel Prize in Economic Sciences Nobel Prize in Economics non-bank financial intermediaries non-compete clauses non-tariff barriers Northern Ireland Norway nudge policies
OASI trust fund obesity occupational choice occupational licensing offshore accounts offshoring oil prices Omicron online sales online sales tax open economies order execution output gap outsourcing overheating
panics passive investing patent trolls patents payday lending payroll taxes peer review Pell grants pension funds pensions personal finance pharmaceutical industry physical infrastructure physical risks platforms policy advice policy entrepreneurs political appointments political economy pollution populism portfolio allocation portfolio diversification portfolio management portfolio theory Portugal poverty poverty reduction pre-school education prescription drugs President Biden President Obama President Trump price cap price caps price controls price gouging primary voting private credit private equity private firms private funds private schools privatization product quality production production capacity productivity professional sports teams profitability profits prohibition property rights property taxes protectionism psychology public corporations public debt public finances public goods public health public investment public ownership public policy public procurement public revenues public schools public transport public utilities publishers purchasing power
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This European survey examines (a) In pursuing social and environmental initiatives, the average public company generates more benefits than costs in terms of profits, (b) In pursuing social and environmental initiatives, public companies would benefit from a measurably lower cost of capital, (c) There are substantial social benefits when managers of public companies make choices that account for the impact of their decisions on customers, employees, and community members beyond the effects on shareholders
This Finance survey examines (a) Public companies that pursue social and environmental initiatives bear no measurable costs (in terms of lower profits) relative to similar companies that do not pursue such initiatives; (b) Public companies that pursue social and environmental initiatives benefit from a measurably lower cost of capital than similar companies that do not pursue such initiatives; (c) There are substantial social benefits when managers of public companies make choices that account for the impact of their decisions on customers, employees, and community members beyond the effects on shareholders
This European survey examines (a) It is best for society if the management of publicly traded corporations only considers the impact of their decisions on customers, employees, and community members to the extent that these effects feedback to affect shareholder wealth; (b) The typical chief executive officer of a publicly traded corporation is paid more than his or her marginal contribution to the firm's value
This Finance survey examines (a) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities. (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. (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.
This week’s IGM European Economic Experts Panel statements:
A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
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 small impacts on shareholder value.
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.
This week’s IGM Economic Experts Panel statements:
A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
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.
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.
This week's IGM Economic Experts Panel Statement:
It is best for society if the management of U.S. publicly traded corporations only considers the impact of their decisions on customers, employees, and community members to the extent that these impacts feedback to impact shareholder wealth.
Compare yourself or your peers to the Clark Center Economics Experts Panel
