Journal Articles

We examine firms with a dual-class share structure where insiders (officers and directors) have voting control over the firm that exceeds their ownership stake. We find that when these insiders have significantly more voting control, their firms demonstrate poorer, rather than better, environmental performance.
We examine two charities (a museum and a disability rights organization) that were in breach of  this soft regulation; however, we suggest each faced different levels of reputational risk by doing so. We argue that charities are most at risk of being perceived as acting inappropriately when they breach regulations that are aimed at financial propriety.
This note is both a call for immediate action and hopefully also inspiration for companies to act against the COVID-19/Coronavirus outbreak in the form of rapid responsible innovation — innovation developed in a short period of time in a state of emergency with the hope of protecting people and saving lives.