José Maria Liberti
Joseph Jr. and Carole Levy Chair in Entrepreneurship; Clinical Professor of Finance
What Is the Purpose of a Corporation Today?
Has anything changed in the three years since the Business Roundtable declared firms should prioritize more than shareholders?
Researchers: Aaron Yoon, Ravi Jagannathan, Carola Frydman, Robert Korajczyk and José Maria Liberti
January 17, 2023
How Is the Twitter–Musk Showdown Likely to Play Out? An Expert Weighs In.
“In my view, there is a lot of hypocrisy here from Musk.”
Researchers: José Maria Liberti
July 27, 2022
Family Businesses Are Experiencing the COVID-19 Crisis in Unique Ways
Lower debt, diversified portfolios, and longer-term horizons may be shielding family firms from the existential threats facing many other businesses.
Researchers: José Maria Liberti
September 3, 2020
The COVID-19 Crisis Reveals How Short-Term, Shareholder-First Thinking Still Rules the Day
From questionable buybacks to overly restrictive M&A clauses, a recent pledge to consider other stakeholders is ringing hollow.
Researchers: José Maria Liberti
April 17, 2020
Is Maximizing Shareholder Value a Thing of the Past?
Top CEOs recently “redefined” the purpose of a corporation. Kellogg faculty weigh in.
Researchers: Carola Frydman, Ravi Jagannathan, Robert Korajczyk, José Maria Liberti and Aaron Yoon
September 19, 2019
Which Businesses Are More Likely to Get a Loan During a Credit Crunch?
Banks get picky when cash dries up.
Researchers: José Maria Liberti and Jason Sturgess
November 6, 2018
Beefing Up Collateral Laws Could Encourage Banks to Lend
In many emerging economies, businesses without real estate struggle to access credit.
Researchers: Charles W. Calomiris, Mauricio Larrain, José Maria Liberti and Jason Sturgess
October 3, 2016
