Why financialised corporate governance works poorly
Anat Admati, The George GC Parker Professor of Finance and Economics, Stanford GSB
Please join us for our upcoming finance seminar. Anat Admati, The George GC Parker Professor of Finance and Economics, Stanford GSB will be presenting.
University of Oxford staff and students are welcome to attend if seats are available. If you would like to attend please contact Marie van Boekel to check availability.
Financialized corporate governance as commonly practiced causes significant inefficiencies and harm. Corporations and governments routinely fail to design and enforce rules that reduce the opacity of corporations, create effective commitments that prevent harm, and ensure proper accountability. The financial sector provides extreme illustrations of these governance failures, which persist despite repeated scandals and crises. Misleading narratives that obscure reality enable individuals in the private and public sectors, even in well-developed democracies, to abuse power with impunity.