Jonathan Berk of the Standford Graduate School of Business explains why a policy of engagement is a superior policy to that of divestiture for socially conscious investors.

Read the working paper in full >>
(co-authored with Jules H. van Binsbergen, University of Pennsylvania)

Jonathan Berk is the A.P. Giannini Professor of Finance at the Stanford Graduate School of Business. His research covers a broad range of topics in finance, including: the pricing of financial assets; valuing a firm’s growth potential; and the interaction between labour markets and financial markets. Professor Berk has co-authored two finance textbooks: “Fundamentals in Finance” and “Corporate Finance”, a standard text in almost all top MBA programs around the world. He served as an associate editor of the Journal of Finance from 2000-2008, is currently an associate editor of the Journal of Portfolio Management, and is a research associate at the National Bureau of Economic Research. He is also a member of the board of directors of the Financial Management Association. Professor Berk received his PhD in finance from Yale University.