Standard Life Investments awards finance prize in Oslo

StandardLifeInvestmentsEdinburgh-based global asset manager, Standard Life Investments, has awarded its prestigious Annual Finance Working Paper Prize to an academic paper which investigates corporate lobbying.

The winning paper, “The corporate value of (corrupt) lobbying”, by Dr Alexander Borisov, Assistant Professor of Finance, Lindner College of Business, University of Cincinnati and Professors Eitan Goldman and Nandini Gupta, who are both Associate Professors of Finance, Kelley School of Business, Indiana University, uses a real life news event – the guilty plea of a major US lobbyist – to evaluate the benefits to corporations of lobbying.

Presenting the Standard Life Investments Finance Working Paper Prize at the European Corporate Governance Institute’s Annual Assembly in Oslo to Professor Eitan Goldman, Guy Jubb, Global Head of Governance & Stewardship, Standard Life Investments, said: “I should like to congratulate Eitan and his co-authors on their accomplishment. They have taken a very innovative approach to their research and it focuses on an area where, to date, there has been very little investigation and research. It sheds light on an extremely important aspect of corporate governance that is relevant around the globe. At Standard Life Investments we have in recent years increased the importance we attach to values and business practices when engaging with our investee companies. The paper’s findings are relevant to not only corporate governance but also business ethics more widely.”

To read the full paper please click here.

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