This is a preview. Log in through your library . Abstract Many scholars and managers endorse the idea that the primary purpose of the firm is to make money for its owners. This shareholder wealth ...

The article is here; the Introduction: Every spring, hot button issues of social policy are debated on the pages of corporate proxy statements. Recent examples include abortion rights, climate ...

Political ideology is now a significant risk factor in corporate governance. This is no more apparent than when the term “woke capitalism” is invoked. The term is used by the political right as a ...

Milton Friedman’s admonition 50 years ago that the modern corporation should maximize shareholder value remains controversial. We argue that under certain broad assumptions, the admonition remains a ...