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.
Extinction Rebellion
Extinction Rebellion has organised a series of events to highlight the urgent need to tackle climate change. These ...
Business Roundtable Statement on the Purpose of a Corporation
In August 2019, the Business Roundtable, an organisation comprising the CEOs of major US companies, released a ...
Conflicts of Interest Among M&A Advisors
The Importance of M&A
Mergers and acquisitions (M&A) are arguably the most important decision that a ...
How Short-Term Activists Create Long-Term Value
Activist hedge funds are often seen as the epitome of all that's wrong with capitalism. They cut investment, fire ...
A Layman’s Guide to Separating Causation from Correlation … and Noticing When Claims of Causality are Invalid
Imagine you're the Minister for Education, deciding how large to make a school district. Smaller school districts ...
How Proxy Advisors Influence Voting Outcomes
Proxy advisors are playing an increasingly influential role in corporate governance, by providing investors with ...
The UK’s Brexit Options
The UK voted for Brexit last June, but what does Brexit actually mean? The UK can pursue various options: staying ...
CEOs Cut Investment To Sell Their Own Shares At High Prices
One of the most fundamental concerns with corporations is that they focus on short-term profit rather than ...
Is Short Termism Really A Problem?
"Myopia [short-termism] is a first-order problem faced by the modern firm. In the last century, firms were ...
Conflicts of Interest Among Proxy Advisors
The Importance of Proxy Advisors
Proxy advisors play a critical role in corporate governance. One important way ...
Corporate Governance in China
China will soon become the largest economy in the world, but many Westerners (myself included) know very little ...
House of Commons Report on Corporate Governance
Today the House of Commons Select Committee on Business, Energy, and Industrial Strategy (BEIS) published its ...
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