Making Sense of Evidence, Markets, and Business
This blog explains how to think more clearly, invest more wisely, and build better businesses – drawing on rigorous academic research, and making it accessible to a general audience.

Grow The Pie in 28 tweets
On 6 April, I did a Twitter discussion on my book, hosted by Blackwell's Bookshop. They asked me to start by ...

Measuring Social Impact
A major barrier to putting responsibility into practice is that it's unclear how to make decisions - in ...

The Inconsistency of ESG Ratings: Implications for Investors
Investors are increasingly scrutinizing the ESG performance of companies. This is a positive development - if CEOs ...

Making Simple, Long-Term Pay a Reality
The Purposeful Company is a UK consortium that proposes evidence-based reforms to embed purpose into the heart of ...

CEO Sells Shares Just Before Departure; New Employer Cancels Appointment
In early September 2019, Dutch telecoms firm KPN announced the appointment of Dominique Leroy as new CEO, to start ...

Smith & Nephew CEO Quits Over Low Pay; Shares Fall 9%
On 21 October 2019, Namal Nawana, the CEO of UK medical devices firm Smith & Nephew, resigned after 18 months ...

Capital Markets in China
China will soon become the largest economy in the world, but many Westerners (myself included) know very little ...

Corporate Finance in China
China will soon become the largest economy in the world, but many Westerners (myself included) know very little ...

How Macroeconomic Conditions Affect Stock Prices
John Cochrane of Stanford has written an excellent review of recent advances and future research directions in ...

Are US Industries Becoming More Concentrated?
Industry concentration has increased substantially in the US over the last two decades. But is this a problem? The ...

US and UK Investor Bodies Support Simpler, Long-Term Pay Schemes
US Council of Institutional Investors Policy on Executive Pay
In September 2019, the Council of ...

UK Government Study on Share Buybacks
In July 2019, the UK government’s department for Business, Energy, and Industrial Strategy published a study on ...
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