This paper argues that Australian corporations are shifting away from traditional business metrics towards stakeholder values, allowing personal or political agendas to take precedence over profitability. It calls for greater accountability in corporate governance and a reconsideration of the role of management in addressing social issues.

Increasingly, corporations are seen to be moving away from holding shareholders interests as the central goal in order to align themselves prominently with popular causes. Polling shows that the public are increasingly unimpressed by corporate activism and that overall, doing nothing is almost certainly the best approach from a business perspective.

This research is the first in-depth study of Aotearoa New Zealand’s impact investment market. The report highlights the level of awareness and interest, perceived barriers and priorities (impact area, geography and asset class) of investors in regard to impact investing in New Zealand.

It has been more than ten years since Australia adopted IFRS. It is time to ask some big questions: Has IFRS improved the quality of financial reporting in Australia? Has it improved comparability of Australian entities’ financial reporting with their global peers? As part of a larger IFRS Review project, the AASB has published Research...

In this interview, Professor David L. Yermack (NYU Stern School of Business) and Professor Ray da Silva Rosa (University of Western Australia) discuss the findings of their CIFR-funded research project.