The Case for Shareholder Capitalism (LSE Hayek Programme Lecture) скачать в хорошем качестве

The Case for Shareholder Capitalism (LSE Hayek Programme Lecture)

In this public lecture put together by the LSE Hayek Programme, Professor David McLean makes the case for shareholder capitalism, understood as an approach that emphasises beneficial trade within the rules of the game, within which firms fuel innovation and economic growth. Based on his newly published book The Case for Shareholder Capitalism, Professor McLean explains how embracing shareholder capitalism doesn't negate the significance of other institutions; rather, it allows businesses to excel in providing the goods, services, and jobs that make society better off. Shareholder capitalism rests not on disregarding stakeholders but thrives on mutually beneficial partnerships. In such a framework, managers are entrusted to maximize shareholder value, focusing on companies' long-term success, which drives overall prosperity. Profits, the ultimate measure of value, steer businesses toward creating goods and services that benefit society. The book may be found here: https://www.cato.org/books/case-share... About the speaker: David McLean is the William G. Droms Professor of Finance and Finance Area Chair at Georgetown University's McDonough School of Business. His research interests are in stock return predictability, behavioral finance, and the interplay between financial markets and corporate investment. David’s papers have been published in leading finance journals, such as the Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. The lecture was chaired by Professor Nava Ashraf, London School of Economics Find out more here: https://sticerd.lse.ac.uk/_new/events...