Albert H. Choi

Albert H. Choi is the Paul G. Kapuer Professor of Law at the University of Michigan. His research and teaching interests include corporate law, contract law, corporate finance, mergers and acquisitions, antitrust, and law and economics.

Did the Meme Stock Revolution Actually Change Anything?

Many financial commentators thought that the surge of retail investors participating in the stock market, the most notable of whom boosted “meme stocks” like GameStop, would democratize corporate governance and improve prosocial firm behavior, including the promotion of environmental, social, and governance (ESG) goals. In new research, Dhruv Aggarwal, Albert H. Choi, and Yoon-Ho Alex Lee find evidence that the exact opposite took place.

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