The long-accepted idea that businesses must focus on shareholder profit above all else has fractured, with companies increasingly taking a stand on social issues.
Articles on Shareholder primacy
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A new study found that a CEO’s political ideology was correlated with the decision of whether to leave or suspend operations in Russia following the 2022 invasion.
Emmanuel Faber was trying to pursue a form of stakeholder capitalism.
Firms should attempt to maximise profits, but if shareholders want it, there’s no reason why they can’t have other goals.
Whatever we’re told about shareholder primacy, their rights to control companies are actually very limited.
Top contributors
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Professor of Finance, International Institute for Management Development (IMD)
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Associate Professor of Strategy and International Business, Florida Atlantic University
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Associate Professor of International Business and Strategy, Northeastern University; Institute for Humane Studies
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Scientia Professor of Economics, UNSW
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Professor of Corporate Governance, City St George's, University of London
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Professor of Information & Organisation, University College Dublin
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Senior Lecturer, Faculty of Law, University of Auckland, Waipapa Taumata Rau