By Aneesh Raghunandan and Shiviram Rajgopal, includes “… Perhaps in response to pressure from asset managers, in recent years several firms have claimed to be socially responsible. In our paper, Do Socially Responsible Firms Walk the Talk?, we confront such claims with the data using the most notable such proclamation in recent years, the August 2019 Statement on the Purpose of a Corporation by the Business Roundtable (BRT). … Overall, our results suggest that signatory firms have not historically ‘walked the talk’ with respect to stakeholder orientation.”
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