Alex Edmans is a distinguished professor of finance at London Business School and an expert on corporate governance, executive compensation and corporate social responsibility. He uses rigorous research to influence real-world business practices and translate complex academic findings into practical ideas. 👨‍🏫📈🌐

Here are the key insights from this video:

💼 The conventional view that businesses exist solely to earn profit is shortsighted. Considering the impact of ethical behavior on profits is crucial, as high-quality products, employee satisfaction, and environmental responsibility are all interconnected with financial success.

🏢 Corporate social responsibility is not at odds with profit-seeking. By serving a purpose beyond profit, businesses can build a positive reputation, customer loyalty, and a healthy workplace, leading to higher profits.

💰 Treating employees well and focusing on their well-being pays off for businesses. Companies that prioritize employee satisfaction and provide a positive work environment outperform their peers in terms of stock returns.

🔍 Looking beyond short-term financial numbers when selecting stocks can provide a competitive advantage. Factors like corporate culture, customer loyalty, and innovation are important indicators of a company’s long-term value and potential for growth.

⏳ The benefits of employee well-being may not be immediately reflected in stock prices. Investors should adopt a long-term perspective and support companies that prioritize the well-being of their workers, understanding that the financial rewards may take time to materialize.

✅ Businesses should serve a purpose beyond profit, considering the interests of shareholders, society, customers, employees, and the environment. This approach not only aligns with ethical values but also leads to long-term profitability and sustainable success.

Join the conversation on how businesses can thrive by prioritizing purpose alongside profit. Let’s shape a future where ethical behavior drives financial success! 🌟🚀