Margaret Blair
Margaret Blair is an economist who focuses on corporate law and finance. She is a Professor of Law (Emerita) and the Milton R. Underwood Chair in Free Enterprise (Emerita) at Vanderbilt University. Her current research focuses on five areas: team production and the role of corporate boards of directors, the legal concept of "personhood," the historical treatment of corporations by the Supreme Court, the role of private-sector governance arrangements in contract enforcement, and the problem of excessive leverage in financial markets.
DEI and Corporate Governance
Two Years After the Business Roundtable Statement: Pointing in the Right Direction
The 2019 Business Roundtable statement was a welcome break from the position that the nation’s top corporate CEOs took in 1997, when...
News
Corporations Are Governance Mechanisms, Not Shareholder Toys
Milton Friedman’s shareholder credo is simple and catchy but has shaky foundations. Corporate directors and officers are not agents of shareholders and...
Latest news
Fiscal Policy
More than Economics, Ideology Determines US Voters’ Preferences for Redistribution
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...
Research
Stakeholder Motivations for “Private Sanctions” Against Russia
As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...
Big Tech
The Wicked Problem Embodied by The Twitter Files
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...
News
Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information
New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...
News
Industrial Policy Is a Seductive Mirage
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
Antitrust and Competition
Antitrust Deregulation is Undermining Innovation
A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research,...
Commentary
The Real Danger of the Twitter Files
The Editor-in-chief of the Italian news publication Domani shares his concerns about what's been left out of the controversial Twitter Files conversation...
