Contract Costs, Stakeholder Capitalism, and ESG

9 Pages Posted: 30 Oct 2020

See all articles by Eugene F. Fama

Eugene F. Fama

University of Chicago - Finance

Date Written: October 29, 2020

Abstract

When do market forces push firms toward stakeholder goals. When do market forces push firms toward ESG goals? I offer thoughts, first on stakeholder capitalism (Chapter 1) and then ESG (Chapter 2).

Suggested Citation

Fama, Eugene F., Contract Costs, Stakeholder Capitalism, and ESG (October 29, 2020). Chicago Booth Research Paper No. 20-46, Fama-Miller Working Paper , Available at SSRN: https://ssrn.com/abstract=3722179 or http://dx.doi.org/10.2139/ssrn.3722179

Eugene F. Fama (Contact Author)

University of Chicago - Finance ( email )

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