Footnotes (2)



A More Ethical and Profitable Approach to Corporate Finance

Robert Ashford

Syracuse University - College of Law

April 1, 2012

This paper provides a brief summary of a little-understood approach to corporate finance that the chief executive officer a major credit-worthy company could undertake to enable his/her company to operate in a more ethical way while enhancing corporate profitability. It covers only the highlights.

The implementation of the modified system of corporate finance would require no taxes, redistribution, or government command. With the modified system of corporate finance, companies would be free to continue to meet their capital requirements as before, but they would have an additional, more ethical and profitable, market means to satisfy their capital requirements. If widely understood by market participants, this additional means could be voluntarily employed to:

1. enhance the earning capacity of the participating companies, their employees and their customers,
2. promote more sustainable, environmentally friendly, and more broadly shared growth and prosperity,
3. reduce poverty, welfare dependence and the need for government expenditures, taxes, and other transfer payments,
4. enhance the value of equity investments and reduce the risk of borrowing, and
5. enhance the credit worthiness of national governments and their ability to raise revenue.

A fuller explication of the analysis underlying this approach is provided in other writings cited in this article.

Number of Pages in PDF File: 6

JEL Classification: E19, E29, G30, I30, K19, L21, M14, M21, O40

Open PDF in Browser Download This Paper

Date posted: April 3, 2012  

Suggested Citation

Ashford, Robert, A More Ethical and Profitable Approach to Corporate Finance (April 1, 2012). Available at SSRN: http://ssrn.com/abstract=2032815 or http://dx.doi.org/10.2139/ssrn.2032815

Contact Information

Robert Ashford (Contact Author)
Syracuse University - College of Law ( email )
Syracuse, NY 13244-1030
United States
315-677-4680 (Phone)
Feedback to SSRN

Paper statistics
Abstract Views: 474
Downloads: 63
Download Rank: 236,024
Footnotes:  2

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.328 seconds