One out and the Special One in

Capitalism is high on the political agenda. Like coffee it seems to come in a bewildering number of varieties. Some politicians like it "responsible" others "moral" and still others "popular". While some argue that it is time for shareholders to wield real power, others feel that that certain shareholders, notably hedge funds should sit on their hands, at least if they have bought shares after a takeover has been announced. Out on the streets the tents of the "occupy" protectors may be under threat but many are sympathetic to the view that bankers and board members have been rewarded for taking too many risks with other people's money.

Award winning research “The Price of Sin Aversion” by ICMA Centre Associate Professor of Finance Andreas Hoepner and co-author Hampus Adamsson has hit the headlines this week, with the Financial Times featuring an article about it in their paper on Monday.