Alex Edmans author photo

Alex Edmans

Alex Edmans is a finance professor at London Business School whose work focuses on corporate purpose, sustainable business, and evidence-based reasoning. He is the author of Grow the Pie and May Contain Lies, books that have influenced discussions of responsible capitalism and critical thinking in business and public debate.

Biographie et Parcours de l'Auteur

Alex Edmans is a British finance scholar whose career has moved between academia, markets, and public debate. He studied Economics and Management at Oxford, spent two years at Morgan Stanley in London and New York, and then completed a PhD in finance at MIT Sloan as a Fulbright Scholar. After joining Wharton in 2007 and receiving tenure in 2013, he moved to London Business School, where he became Professor of Finance and developed a research portfolio spanning corporate finance, responsible business, and behavioural finance. ((https://alexedmans.com/about/biography/))

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Citations

quote
Investing in stakeholders doesn’t reduce investors’ slice. It grows the pie, benefiting investors as a by-product
-Grow The Pie in 28 tweets
quote
You can’t just take an ESG rating off the shelf and then trade according to it
-The Inconsistency of ESG Ratings: Implications for Investors
quote
We must be very, very careful about interpreting evidence as causal, when it only shows a correlation
-A Layman’s Guide to Separating Causation from Correlation … and Noticing When Claims of Causality are Invalid
quote
Diagnosis precedes treatment
-Is Short Termism Really A Problem?
quote
“No evidence of short-termism”, however, is not the same as “evidence of no short-termism”
-CEOs Cut Investment To Sell Their Own Shares At High Prices
quote
To reach the land of profit, follow the road of purpose
-Why purpose is critical for long-term success
quote
One of the most dangerous phrases is “research shows that …”
-Three tips for breaking through bias and seeing evidence more clearly
quote
If—and only if— those assumptions are violated, is there a case for moving away from shareholder value
-Here’s what we can learn about stakeholder capitalism from Milton Friedman

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Voix de la Communauté

"Alex Edmans's superb book makes the case, compellingly and comprehensively, for a radical rethink of how companies operate"

Andy Haldane

"Alex Edmans provides robust evidence against the claim that businesses must choose between shareholder value and social responsibility"

Onora O'Neill

"Alex Edmans has produced rigorous evidence that the choice between people and profits is a false dichotomy"

Adam Grant

"Alex Edmans, in his passionate advocacy of Pieconomics, challenges us all to adopt a mindset and unity of purpose"

Will Hutton

"Alex Edmans has done a great service to society by showing that business doesn't have to be a zero-sum game"

Andrew Lo

"Alex Edmans is such a crisp, sharp, salutary voice - and a great guide to the bullsh*t of the modern world"

Rory Stewart

"In this compelling book, Alex Edmans argues that there is indeed a problem with corporate behaviour"

Oliver Hart

"With clarity and insight, Alex Edmans makes a valuable contribution to this key debate"

Lucian Bebchuk

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