by clare@gibit.co | 25 Jun 2021 | Responsible Business
A reader (in fact, one that provided invaluable input into “Grow the Pie”) alerted me to the article “CEOs Are The Problem” by renowned MIT economist Daron Acemoglu. The article makes the following arguments: The current model of capitalism (shareholder primacy) is...
by clare@gibit.co | 15 Jan 2021 | Chinese Posts
1958年，两位诺贝尔经济学奖获得者，弗兰科·莫迪利安尼（Franco Modigliani）默顿·米勒（Merton Miller）在合作发表的一篇文章中提出，在一定假设条件下 ，企业的价值与其资本结构并无关系。文章一发表即在当时引起了极大的争议。 这篇文章在当时具有里程碑般的意义。当其时高管们正为如何调整公司资本结构而绞尽脑汁，且不惜重金聘请银行家和顾问。莫迪利安尼和米勒的研究成果却指出，这些举措完全是在浪费时间，高管们应该把精力放在业务运营上 。...
by clare@gibit.co | 2 Oct 2020 | Policy and Practice Articles
What to Trust in a Post-Truth World. TED talk.Evaluating Research. A user’s guide to knowing what research we can trust. German translation.Is There Really A Business Case For Diversity? A paper claimed to find results despite 0 out of 90 regressions being...
by clare@gibit.co | 5 Sep 2020 | Responsible Business
Banks are often accused of making money off complex products that consumers don’t understand. In my book, I discuss how 2 million UK households were sold payment protection insurance policies that they’d never be able to claim on (e.g. due to being...
by clare@gibit.co | 15 Aug 2020 | Corporate Finance, Corporate Governance
We often think of political connections as clearly favoring a company. Perhaps the most extreme example is Donald Trump owning around 500 businesses (collectively known as the Trump Organization), which may affect the decisions that he takes as President. But...
