VoxEU Talk Entrepreneurship Environment

What is the purpose of a company?

In 1970 Milton Friedman told us that “The Social Responsibility of Business Is to Increase Its profits.” Faced with climate change, is that still the right objective for a company, and what could replace it? Dirk Schoenmaker, one of the authors of “Corporate Finance for Long-Term Value” talks to Alissa Kleinnijenhuis and Tim Phillips.