ESG Investing (Online): Building and Managing a Sustainable Global Portfolio
Shareholders vs. Stakeholders
Examine the origins of the stakeholder movement, which forms the basis for ESG investing.
Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing
Shiva Rajgopal is the Kester and Byrnes Professor at Columbia Business School. A highly regarded academic, Shiva is one of the world’s leading experts on measuring how well managers serve as responsible stewards of the corporation’s resources. He is perhaps best known for his finding that around 40 percent of Chief Financial Officers would sacrifice a positive net present value project to meet quarterly analyst consensus earnings estimate. Apart from conducting pioneering research on short-termism, Shiva's extensive body of academic and practitioner focused work covers a wide range of contemporary issues in financial reporting and governance such as accounting restatements, frauds, SEC enforcement actions, efficacy of board and executive compensation schemes in delivering shareholder value, whistle blowing, and the paramount importance of corporate culture as an under-appreciated economic asset of the firm. He has wide-ranging experience in solving applied business problems with global private equity funds, leading insurance companies, financial services firms, hedge funds, and cyber security ratings agencies. His work has been featured extensively in the Harvard Business Review, The New York Times, the Wall Street Journal, The Financial Times, Barrons, Bloomberg, Fortune, Forbes and The Economist.
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