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Corporations need to look beyond profits

Author

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  • Sachs, Lisa
  • Sachs, Jeffrey
  • Lobel, Nathan

Abstract

Lilac Nachum's Columbia FDI Perspective argues that society is best served when companies focus on maximizing profits rather than on their social and environmental impacts. This follows the logic of an idealized free-market economy. In practice, we argue, companies should take responsibility for the impacts they have on other stakeholders.

Suggested Citation

  • Sachs, Lisa & Sachs, Jeffrey & Lobel, Nathan, 2017. "Corporations need to look beyond profits," Columbia FDI Perspectives 208, Columbia University, Columbia Center on Sustainable Investment (CCSI).
    • Handle: RePEc:zbw:colfdi:208
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    File URL: https://www.econstor.eu/bitstream/10419/254042/1/fdi-perspectives-no208.pdf
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