The Project on Stakeholder Capitalism

The Project on Stakeholder Capitalism, operated by the Harvard Law School Program on Corporate Governance and the Harvard Law School Program on Law and Finance, seeks to foster research, discourse, and education on corporate purpose, stakeholder governance, and corporate social responsibility.

Research studies on the subject by faculty and fellows associated with the Programs include:

Duty and Diversity

Chris Brummer and Leo E. Strine, Jr.
Discussion Paper No. 2021-2

Restoration: The Role Stakeholder Governance Must Play in Recreating a Fair and Sustainable American Economy – A Reply to Professor Rock

Leo E. Strine, Jr.
Discussion Paper No. 2020-10

For Whom Corporate Leaders Bargain

Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita
Southern California Law Review (forthcoming, 2021)

ESG Investing: Theory, Evidence, and Fiduciary Principles

Max M. Schanzenbach & Robert H. Sitkoff
Journal of Financial Planning, (forthcoming, 2020)

The Illusory Promise of Stakeholder Governance

Lucian A. Bebchuk and Roberto Tallarita
Cornell Law Review (forthcoming, 2020)

Toward Fair Gainsharing and a Quality Workplace for Employees

Leo E. Strine, Jr. and Kirby Smith
Harvard John M. Olin Discussion Paper No. 1035

Toward Fair and Sustainable Capitalism

Leo E. Strine, Jr.
Harvard John M. Olin Discussion Paper No. 1018

Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee

Max M. Schanzenbach and Robert H. Sitkoff
72 Stanford Law Review 381 (2020)

Fiduciary Blind Spot the Failure of Institutional Investors to Prevent the Illegitimate Use of Working Americans’ Savings for Corporate Political Spending,

Leo Strine
97 Washington University Law Review, 1007 (2019)

Companies Should Maximize Shareholder Welfare Not Market Value

Oliver D. Hart and Luigi Zingales
Discussion Paper No. 2017-15 (2017)

Corporate Power is Corporate Purpose II:  An Encouragement for Future Consideration from Professors Johnson and Millon

Leo E. Strine, Jr.
74 Washington and Lee Law Review, 1165 (2017)

Corporate Power is Corporate Purpose I: Evidence from My Hometown

Leo E. Strine, Jr.
Discussion Paper No. 2017-1, January 2017.
33 Oxford Review of Economic Policy, 176-187 (2017)