Business, Management and Accounting
4 years ago

Shareholder primacy hinders sustainability in companies, threatening our future.

Cambridge University Press eBooks
Shareholder primacy: the main barrier to sustainable companies
Beate Sjåfjell, Andrew Johnston, Linn Anker-Sørensen, David Millon

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The article discusses how focusing on maximizing shareholder profits can hinder companies from being sustainable. The researchers suggest that companies should prioritize long-term sustainability over short-term financial gains. They found that when companies prioritize shareholders above all else, it can lead to negative impacts on the environment and society.