Depiction of Beyond the Bottom Line
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Beyond the Bottom Line

What society expects from business is evolving rapidly. Beyond providing returns to shareholders, businesses play a critical systemic role in the development of society and guardianship of the global environment. For many, this is uncharted territory. Success will come only if we continue to discuss and debate some of the most pressing questions, such as what is the purpose of business? Do investors hold the key to a sustainable future? And what does it mean to have purpose that goes beyond the boardroom?

We must chip away together at seemingly difficult trade-offs until their complexities unravel and solutions begin to emerge. It is in this spirit that we ask businesses, organisations, and policymakers: are you ready to think Beyond the Bottom Line?

Beyond the Bottom Line 12 posts

Articles
Depiction of Beyond the Bottom Line
2 minute read

Beyond the Bottom Line

What society expects from business is evolving rapidly. New business models mean that intermediaries are being removed and traditional value chains are being disrupted. Advances in AI and automation are having profound effects on employment. Communities are exerting enormous social pressure and questioning globalisation. Furthermore, we urgently need to… Read More

Articles
Depiction of What is the purpose of business?
2 minute read

What is the purpose of business?

Why are so many firms insisting on telling us what their ‘purpose’ is? David Jevons, Oxera Partner, has been looking at the role of business in today’s society and discusses the purpose of a corporate purpose. Since the 1970s, introductory economics and finance classes have taught that the purpose of a firm is to maximise shareholder wealth; yet today, some of the most successful and high-profile firms are keen to communicate a different purpose. Read More

Articles
Depiction of What are firms for? Redefining corporate purpose
10 minute read

What are firms for? Redefining corporate purpose

What should be the purpose of a firm? To maximise profits or shareholder value, or to pursue wider societal objectives? Professor Julian Franks of London Business School, and Oxera Partner, discusses the roles of trust and implicit contracts in redefining corporate purpose. He looks at changes that may be required in regulated utilities, with a focus on water Read More

Articles
Depiction of How does social media shape purposeful business?
3 minute read

How does social media shape purposeful business?

Society is playing a growing role in shaping the way that businesses operate. Reflecting this, have become platforms to highlight good and bad business practice and help people coordinate responses. To what extent does this pressure influence core business operations? —and therefore the future of business? Tim Hogg, a behavioural economist at Oxera, takes a look at the role of social media in the context of thinking Beyond the Bottom Line. Read More

Depiction of What is the role of the consumer in purpose-led business?
< 1 minute read

What is the role of the consumer in purpose-led business?

A monthly podcast debating what it means to go Beyond the Bottom Line. Featuring Oxera experts and leaders in business and finance. Read More

Depiction of Do investors hold the key to changing the purpose of business?
< 1 minute read

Do investors hold the key to changing the purpose of business?

A monthly podcast debating what it means to go Beyond the Bottom Line. Featuring Oxera experts and leaders in business and finance. Read More

Articles
Depiction of It’s what you know about who you know: market power in digital platforms
8 minute read

It’s what you know about who you know: market power in digital platforms

In the digital services market, platform operators compete for the attention of consumers. However, there are increasing concerns about their degree of market power, which can be difficult to assess using the traditional tools of competition and regulation. As calls for further regulation increase, authorities must ensure that their interventions do not lead to unintended consequences, such as reducing the gains that such platforms bring to society Read More

Articles
Depiction of Fair ground: a practical framework for assessing fairness
7 minute read

Fair ground: a practical framework for assessing fairness

Regulators are increasingly looking to firms to ensure that their practices are ‘fair’ in terms of the process followed (e.g. the type of data used) and the outcomes delivered (e.g. which consumers pay more). So, how can boards and senior managers satisfy themselves that practices are indeed fair and in line with their firm’s principles and risk appetite? We present Oxera’s practical framework, which has been used as a tool by senior decision-makers in financial services firms Read More

Articles
Depiction of Fairness and competition in online markets: friends or foes?
7 minute read

Fairness and competition in online markets: friends or foes?

Fairness is emerging as an increasingly important policy goal across sectors. We set out a framework for assessing fairness concerns, and examine the relationship between the aims of competition policy and fairness in current debates. Do the European Commission’s platform-to-business initiative and reputation systems for sharing platforms lead to fairer processes? And do online price differentiation and negotiations between platforms and content creators lead to fair outcomes? What is the role of competition in all of this? Read More

Articles
Depiction of Please leave a message: has telecoms become too complex for consumers?
8 minute read

Please leave a message: has telecoms become too complex for consumers?

With an ever-increasing array of products, services and bundles available in the telecommunications market, and in a world in which consumers have limited computational power, it is not a straightforward task to discern the best option. Does this complexity cause consumer harm, and should regulators do anything about it? Read More

Articles
Depiction of Competition regulation and consumer protection in financial services: are they natural bedfellows?
6 minute read

Competition regulation and consumer protection in financial services: are they natural bedfellows?

In most countries, financial conduct regulation and competition regulation are undertaken by separate institutions. Yet there are questions about the efficacy of this arrangement, given the results seen in UK financial markets, which can sometimes favour neither consumers nor efficient and innovative firms. Read More

Articles
Depiction of Consumer protection in the online economy
5 minute read

Consumer protection in the online economy

The Netherlands Authority for Consumers and Markets (Autoriteit Consument en Markt, ACM) has recently published guidelines for online firms and other interested parties, indicating its view on which online business practices are allowed within the boundaries of consumer protection laws— and which are not. Annemieke Tuinstra, Senior Economist in ACM’s Chief Economist Team, discusses the economic and psychological concepts behind the guidelines Read More