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The shareholder value of stakeholder orientation

by Dr Scott B. Guernsey, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Scott B. Guernsey Ever since Milton Friedman's celebrated 1970 article – "The Social Responsibility of Business is to Increase its Profits"…

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Headlines about shareholders and stocks.

Opera paper curtain call

A paper co-authored by Dr Oğuzhan Karakaş of Cambridge Judge Business School wins the best conference paper award at the annual meeting of the European Financial Management Association. Dr Oğuzhan Karakaş A paper co-authored by Dr Oğuzhan Karakaş, University Senior…

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Curtain call at opera

“Because everyone else was doing it.”

by Dr Hui (Frank) Xu, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance After the 2008 financial crisis, a Wall Street executive gives a seminar at a university. At the Q&A session, a student in…

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frozen money in the snow

Shareholder activism

Paper co-authored at Cambridge Judge finds that institutional shareholders recall shares to oppose management in proxy votes. Institutional investors often recall loaned shares prior to proxy votes when they want to express lack of support for management, according to research…

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Shareholder activism

Investing in 2013? Ask John Maynard Keynes

Economist John Maynard Keynes ran the endowment fund at King’s College from 1921 until his death in 1946. His highly successful approach is providing valuable insight for today’s investors. The first in-depth analysis of Keynes’ investment career, co-authored by Cambridge…

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Dell vs Icahn. Which side are you on?

Michael Dell and Carl Icahn are locked in what could prove to be the shareholder battle of 2013. Who is right? Teruyuki Asaoka, a Cambridge MBA student fresh from completing his last assignment for the Cases in Corporate Finance elective,…

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