Does Adopting a Stakeholder Model Undermine Corporate Governance? is the latest essay in the Institute's series on the ESG (environmental, social and governance) movement. It argues that corporate efficiency will suffer if managers depart from a shareholder governance framework and that the wealth created by companies that prioritize profitability, while operating in accordance with a well-defined legal and regulatory system, will better promote society's environmental and social goals than will be the case if companies adopt broad stakeholder governance models.

The Impracticality of Standardizing ESG Reporting is the latest essay in the Institute’s series on the ESG (environmental, social and governance) movement. It finds that mandating a uniform set of ESG reporting standards across all public companies would be extremely costly because of the difficulties defining ESG materiality and the scope of ESG standards, measuring and aggregating ESG information, and enforcing ESG standards.

Environmental Markets vs. Environmental Mandates: Capturing Prosperity and Environmental Quality is a new essay in the Institute’s series on the ESG (environmental, social and governance) movement. It shows that the same institutions that promote economic growth—secure property rights and the rule of law—also promote environmental quality because the former creates the conditions for environmental improvement by raising the demand for improved environmental quality and by making resources—natural and human—more abundant.