In 2013, in an effort to better understand the purpose, use, and potential misuse of stock prices in public equity markets, the Millstein Center and the Investor Responsibility Research Center Institute (IRRCi) issued a call for papers on the role prices play as a corporate governance mechanism. In lieu of completed projects, proposals were sought for new research that explored how equity prices affect the decision-making processes of corporate management, boards of directors, and investors. On September 19, 2014, the Millstein Center and the IRRCi hosted a gathering entitled the Conference on the Use and Misuse of Stock Price, during which several authors presented papers examining the topic from various angles. The following summaries highlight key takeaways from the panel discussions.
Ira M. Millstein Center for Global Markets and Corporate Ownership,
On the Use and Misuse of Stock Price,
Available at: https://scholarship.law.columbia.edu/global_markets_corporate_ownership/21