Oxford Review of Economic Policy volume 36, issue 2, P341-361 2020 DOI: 10.1093/oxrep/graa002 View full text
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Frederick H Alexander

Abstract: Abstract Ownership in the global equities markets is dominated by large institutions that manage the savings of beneficiaries with long investment horizons. These asset managers rely on incomplete investment models that betray the interests of their beneficiaries and threaten their collective future. The models encourage individual companies to compete without regard for health of the critical social and environmental systems that support the long-term value of those beneficiaries’ diversified p…

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