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Lucian Bebchuk, Kobi Kastiel & Roberto Tallarita, How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test, ProMarket (Feb. 24, 2022).

Abstract: Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up to these promises? A new empirical study examines more than 100 major public company acquisitions that were announced during the pandemic and shows that corporate leaders failed to look after stakeholder interests.