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Alex Edmans

Alex Edmans

Professor of Finance, London Business School

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Corporate Social Responsibility

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My work on Corporate Social Responsibility shows that employee well-being is correlated with superior long-run stock returns. This implies that it is positive for firm value, but not taken into account by the stock market.

Empirics

  • Link between employee well-being and firm value
    • In the US: finance version (Edmans JFE 2011), management version (Edmans AMP 2012)
    • Globally (Edmans, Li, Zhang 2019)

Book

  • Grow the Pie: How Great Companies Deliver Both Purpose and Profit

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