Latest posts
Biden’s Misguided Tax on Share Buybacks
The Biden administration’s ideological distaste for companies purchasing their own stock may do more harm than good.
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Too Many ESG Funds Mislead Investors
Regulatory reckoning with ESG funds does not go far enough.
Don’t Kill Share Buybacks
New proposed restrictions on companies buying back their own stock would likely backfire.
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A Sign of the Times: The ESG Buyback
Using ESG sensitivities to market financial products.
When Do Managers Have an Information Advantage Over Analysts?
The role of network centrality in timing buybacks.
Social Capital Makes the Difference Between ‘Good’ and ‘Bad’ Buybacks
Executives who respect both the letter and the spirit of ethical norms aren’t born – they’re shaped by their home communities.
COVID-19: Four Reasons for Optimism About the Stock Market
Although this economic crisis is unique, there is good news from the recent and distant past.
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The Problem With Politically Motivated Funding Boycotts
Banks that refuse to back controversial companies create space for less fastidious lenders to step in – and to gain advantage.
BRT: A New View of Corporations and Capitalism
Our experts respond to the Business Roundtable's revised statement of the purpose of a corporation.
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BRT: The Fuzzy Purpose of the Corporation
The Business Roundtable’s statement confuses rather than clarifies.
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Fact and Fantasy About Buybacks: The International Evidence
Share repurchases are good for long-term shareholder value globally.
The Stock Market’s Potential as a Wealth Equaliser
Nudging people to invest in the stock market could reduce wealth inequality.
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Response to Henning Huenteler: Use Climate Funds to Deal With Consequences
The amount of money needed to comply with Paris Agreement would be better spent on funds that will alleviate climate change damage.
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Trump’s Climate Policy is Based on Cost-Benefit Analysis
President Trump’s decision to withdraw the U.S. from the Paris accord is based on economic arguments.
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The Future for Share Buybacks Under Trump
Despite his protectionist tone, some of President Trump’s proposed policies indicate a positive environment for buybacks ahead.
Unilever: Why Firms Should Maximise Shareholder Value
If firms lose sight of shareholder value maximisation, they make themselves vulnerable to takeover.
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Is Hillary Clinton Right About Share Buybacks?
Share buybacks do not undermine long-term shareholder value.
Gender Diverse Boards May Have Less Inside Information
Gender diverse boards are less likely to use share buybacks to buy undervalued shares and achieve excess returns, than male-dominated ones, which may have better access to information networks.
