Magdalena Rola-Janicka
Institution
Imperial College London
PhD Year
2021
m.rola-janicka@imperial.ac.uk
FTG Membership
Member
Website
https://www.magdarolajanicka.com/
Featured Work
Jun 27, 2024
Voting on Public Goods: Citizens vs Shareholders
We study the interplay between a "one person-one vote" political system and a "one share-one vote" corporate governance regime. If shareholders push firms for more pro-social policies, political backlash may arise, undoing ESG initiatives. In a frictionless economy, shareholder democracy becomes irrelevant: the political system fully offsets shareholder influence. With public policy frictions, pro-social corporations can mitigate regulatory shortcomings and enhance corporate public goods provision....
