IDEAS home Printed from https://ideas.repec.org/r/zbw/cbscwp/267.html
   My bibliography  Save this item

Companies Should Maximize Shareholder Welfare Not Market Value

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Paolo Angelini, 2024. "Portfolio decarbonisation strategies: questions and suggestions," Questioni di Economia e Finanza (Occasional Papers) 840, Bank of Italy, Economic Research and International Relations Area.
  2. Birgit Meyer & Andreas Reinstaller, 2022. "Doing Well by Doing Good. Verantwortungsvolles Unternehmertum als Wettbewerbsvorteil österreichischer Unternehmen," WIFO Studies, WIFO, number 69619, February.
  3. Matthew E. Kahn & John Matsusaka & Chong Shu, 2023. "Divestment and Engagement: The Effect of Green Investors on Corporate Carbon Emissions," NBER Working Papers 31791, National Bureau of Economic Research, Inc.
  4. Alonso Alfaro-Urena & Benjamin Faber & Cecile Gaubert & Isabela Manelici & Jose P. Vasquez, 2022. "Responsible Sourcing? Theory and Evidence from Costa Rica," CESifo Working Paper Series 10108, CESifo.
  5. Monika Bolek & Agata Gniadkowska-Szymańska, 2023. "Is the Growth of Companies Influencing Their Financial Condition Depending on Their Size: S&P 500 Listed Companies Example," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 30(2), pages 323-337, June.
  6. Claire Economidou & Dimitrios Gounopoulos & Dimitrios Konstantios & Emmanuel Tsiritakis, 2023. "Is sustainability rating material to the market?," Financial Management, Financial Management Association International, vol. 52(1), pages 127-179, March.
  7. S. Taniguchi, Kazuhiro, 2022. "Why Fukushima? A diachronic and multilevel comparative institutional analysis of a nuclear disaster," Energy Policy, Elsevier, vol. 167(C).
  8. Michele Fioretti, 2022. "Caring or Pretending to Care? Social Impact, Firms' Objectives, and Welfare (former title: Social Responsibility and Firm's Objectives)," SciencePo Working papers Main hal-03393065, HAL.
  9. Eleonora Broccardo & Oliver D. Hart & Luigi Zingales, 2020. "Exit vs. Voice," Working Papers 2020-114, Becker Friedman Institute for Research In Economics.
  10. Matteo Alpino & Luca Citino & Guido de Blasio & Federica Zeni, 2022. "The Effects of Climate Change on the Italian economy," Questioni di Economia e Finanza (Occasional Papers) 728, Bank of Italy, Economic Research and International Relations Area.
  11. Jung Ho Choi & Joseph Pacelli & Kristina M. Rennekamp & Sorabh Tomar, 2023. "Do Jobseekers Value Diversity Information? Evidence from a Field Experiment and Human Capital Disclosures," Journal of Accounting Research, Wiley Blackwell, vol. 61(3), pages 695-735, June.
  12. Moritz Hennicke, 2022. "Essays on Firm Ownership, Political Preferences and Welfare," ULB Institutional Repository 2013/350745, ULB -- Universite Libre de Bruxelles.
  13. David J. Denis, 2024. "Is corporate finance research in decline?," The Financial Review, Eastern Finance Association, vol. 59(2), pages 257-264, May.
  14. Jiang, Yahan & Wang, Cai & Li, Sha & Wan, Jing, 2022. "Do institutional investors' corporate site visits improve ESG performance? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 76(C).
  15. Yang, Ruoke, 2022. "What do we learn from ratings about corporate social responsibility? New evidence of uninformative ratings," Journal of Financial Intermediation, Elsevier, vol. 52(C).
  16. Elisa Navarra, 2022. "Stock Market Response to Firms’ Misconduct," Working Papers ECARES 2022-40, ULB -- Universite Libre de Bruxelles.
  17. Ian Taylor, 2023. "Responsible government and responsible business: the challenge of harnessing CSR in a new epoch," International Journal of Corporate Social Responsibility, Springer, vol. 8(1), pages 1-10, December.
  18. Fafaliou, Irene & Giaka, Maria & Konstantios, Dimitrios & Polemis, Michael, 2022. "Firms’ ESG reputational risk and market longevity: A firm-level analysis for the United States," Journal of Business Research, Elsevier, vol. 149(C), pages 161-177.
  19. Romec, Arthur, 2023. "Stakeholder orientation and managerial incentives: Evidence from a natural experiment," International Review of Financial Analysis, Elsevier, vol. 88(C).
  20. Mansouri, Sasan & Momtaz, Paul P., 2022. "Financing sustainable entrepreneurship: ESG measurement, valuation, and performance," Journal of Business Venturing, Elsevier, vol. 37(6).
  21. Huang, Chenchen & Luo, Di & Mukherjee, Soumyatanu & Mishra, Tapas, 2022. "To Acquire or to Ally? Managing Partners’ Environmental Risk in International Expansion," MPRA Paper 117591, University Library of Munich, Germany, revised 07 Jan 2023.
  22. Edoardo Martino, 2022. "Getting bank governance right," Journal of Banking Regulation, Palgrave Macmillan, vol. 23(3), pages 302-321, September.
  23. Miguel Alzola, 2023. "Conceptions of the Firm and Corporate Allegiances," Humanistic Management Journal, Springer, vol. 8(2), pages 201-216, August.
  24. Wu, Zhenshu, 2023. "Essays in corporate finance and ESG," Other publications TiSEM fe6f9604-d0c5-46f3-9492-f, Tilburg University, School of Economics and Management.
  25. Michele Fioretti & Victor Saint-Jean & Simon C Smith, 2022. "The Voice: The Shareholders' Motives Behind Corporate Donations during COVID-19 (former title: Selfish Shareholders: Corporate Donations during COVID-19)," SciencePo Working papers hal-03386585, HAL.
  26. Min-Jung Kang & Seul-Gi Oh & Ho-Young Lee, 2022. "The Association between Outside Directors’ Compensation and ESG Performance: Evidence from Korean Firms," Sustainability, MDPI, vol. 14(19), pages 1-22, September.
  27. Moisson, Paul-Henri, 2024. "Social Responsibility, Consequentialism and Public Policy," TSE Working Papers 24-1521, Toulouse School of Economics (TSE).
  28. Alexander Dyck & Karl V. Lins & Lukas Roth & Mitch Towner & Hannes F. Wagner, 2023. "Renewable Governance: Good for the Environment?," Journal of Accounting Research, Wiley Blackwell, vol. 61(1), pages 279-327, March.
  29. Xin Dai & Feng Gao & Ling Lei Lisic & Ivy Xiying Zhang, 2023. "Corporate social performance and the managerial labor market," Review of Accounting Studies, Springer, vol. 28(1), pages 307-339, March.
  30. Rodney Schmidt, 2023. "Are Business Ethics Effective? A Market Failures Approach to Impact Investing," Journal of Business Ethics, Springer, vol. 184(2), pages 505-524, May.
  31. Tea Gamtkitsulashvili & Alexander Plekhanov & Alexander Stepanov, 2024. "Killing two birds with one stone? Sound investment with social impact," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(2), pages 617-640, April.
  32. Song, Fenghua & Thakor, Anjan & Quinn, Robert, 2023. "Purpose, profit and social pressure," Journal of Financial Intermediation, Elsevier, vol. 55(C).
  33. Patrick J. Ferguson & Jane Hronsky & Matt Pinnuck, 2023. "Who pays attention to sustainability reports and why? Evidence from Google search activity," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 3519-3551, September.
  34. Thomas Donaldson, 2020. "History can reject teleology; not so, scenario planning: Commentary on Schoemaker 2020," Futures & Foresight Science, John Wiley & Sons, vol. 2(3-4), September.
  35. Thomas Brzustowski & Francesco Caselli, 2021. "Economic Growth in a Cooperative Economy," Discussion Papers 2101, Centre for Macroeconomics (CFM).
  36. Marshall, Andrew & Rao, Sandeep & Roy, Partha P. & Thapa, Chandra, 2022. "Mandatory corporate social responsibility and foreign institutional investor preferences," Journal of Corporate Finance, Elsevier, vol. 76(C).
  37. Kevin Levillain & Blanche Segrestin, 2019. "From primacy to purpose commitment: How emerging profit-with-purpose corporations open new corporate governance avenues," Post-Print hal-02290622, HAL.
  38. Yanbing Wang & Michael S. Delgado & Jin Xu, 2023. "When and where does it pay to be green? – A look into socially responsible investing and the cost of equity capital," International Journal of Corporate Social Responsibility, Springer, vol. 8(1), pages 1-23, December.
  39. Gordon L Clark & Adam D Dixon, 2024. "Legitimacy and the extraordinary growth of ESG measures and metrics in the global investment management industry," Environment and Planning A, , vol. 56(2), pages 645-661, March.
  40. Mark E. Bateman & Lisa R. Goldberg, 2023. "Ownership of ESG characteristics," Journal of Asset Management, Palgrave Macmillan, vol. 24(7), pages 534-540, December.
  41. Mircea Epure, 2022. "Corporate social responsibility as a signaling technology," Review of Managerial Science, Springer, vol. 16(3), pages 907-930, April.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.