Workforce and Employment
Why purpose is critical for long-term success
Professor Alex Edmans on why organisations cannot thrive without purpose.
Alex Edmans
Alex Edmans is Professor of Finance at London Business School, on leave from The Wharton School, University of Pennsylvania. He is also Faculty Research Fellow of the National Bureau of Economic Research, Research Fellow of the Centre for Economic Policy Research, and Research Associate of the European Corporate Governance Institute.
Latest articles
Financial and Monetary Systems
Should we pay CEOs with debt?
Paying executives in corporate debt rather than equity could improve their performance and prevent another financial crisis, says Alex Edmans.
Financial and Monetary Systems
How much do financial markets matter?
2016 has been a turbulent year for global markets, while the real economy has been relatively benign. So, why do we care so much about short-term numbers?
Institutional Investors
How can we help businesses think long-term?
In a much-publicized July 2015 speech at New York University, Hillary Clinton proposed a sharp increase in the U.S. capital gains tax rate for investments held for fewer than two years. I...
Banking and Capital Markets
Why companies need to think long-term
In the 20th-century, companies were predominantly capital intensive and competed on cost efficiency. Those with the most efficient factories could manufacture goods more cheaply than thei...
Competitiveness Framework
Why happier workers matter more than you think
Does corporate social responsibility improve the value of a company? When making decisions, should companies only care about shareholders or should they take other stakeholders (e.g. empl...
Workforce and Employment
How should CEOs be paid?
Executive pay is a high-profile topic and almost everyone has an opinion on it. Many shareholders, workers and politicians believe the entire system is broken and requires a substantial o...