ESG and Shareholder Primacy: Why They Can Go Together

Luca Enriques (luca@enriques.eu)
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Luca Enriques: University of Oxford

Chapter Chapter 6 in The Palgrave Handbook of ESG and Corporate Governance, 2022, pp 131-136 from Springer

Abstract: Abstract In a corporate world where institutional shareholders have taken centre stage, new answers may be given to the old question of what corporate directors and managers should aim to maximize. Where portfolio-value-maximizing “universal owners” dominate the scene, socially responsible corporate behaviour may become more common based on premises that are, on their face, fully consistent with Friedman’s framework.

Date: 2022
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DOI: 10.1007/978-3-030-99468-6_6

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