ESG
Should ESG-Driven Investors and Stakeholders Divest or Engage? A Stigler Center/Rustandy Center Panel Explores
Should investors and stakeholders who wish to influence companies to promote desirable social and environmental outcomes focus on actions like divestment and boycotts (exit),...
The Flaws and Limits of ESG-Based Compensation
Companies increasingly use ESG metrics in their compensation packages for CEOs. A new empirical study suggests that this practice has questionable promise and produces...
How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...
Antitrust and Sustainability: An Introduction to an Ongoing Debate
Can sustainability play a role in antitrust enforcement? And should it? Lund University professor Julian Nowag explores the debate around that intersection of sustainability,...
How Much Can We Trust Index Funds on Climate Change?
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role of “climate...
Two Years After the Business Roundtable Statement: Pointing in the Right Direction
The 2019 Business Roundtable statement was a welcome break from the position that the nation’s top corporate CEOs took in 1997, when the BRT pledged...
Two Years Later, Has the Business Roundtable Statement Transformed Capitalism?
Two years after the Business Roundtable redefined its statement of Purpose of a Corporation to include “a fundamental commitment to all of our stakeholders”...
