On the evening of 22 May 2017, Prof. Dr. Andreas Cahn, ILF Director, introduced Prof. David C. Donald, Chinese University of Hong Kong, to the audience consisting of practitioners, academics, students and alumni of the ILF.
Prof. Donald held a lecture on the topic “Financialization of the business corporation and the distortion of productive activity”. He spoke about the significant historical changes to the structure of corporations and their operations to fulfill the needs of financial investors. On the other side, few accommodations were made to the stakeholders of a corporation who can have an impact on the productive activities and on the value of stock. He exemplified how this development can lead to distortions in business organizations against the background of the rapid growth of the financial system.
After his lecture, the audience asked questions on the legal, managerial and economic issues involved in the development outlined by Prof. Donald.
