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ESG, Corporate Governance & Future of the Firm

Investing in Influence: Investors, Portfolio Firms, and Political Giving

Marianne Bertrand
A new paper examines the relationship between the rising concentration in institutional investors' ownership of publicly traded U.S. firms and portfolio companies' political giving....
Industrial Policy

Industrial Policy Is a Seductive Mirage

Michael C. Munger
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust and Competition

Survey Highlights Backlash to Increasingly Political Corporate America

Brooke Fox
A recent poll shows that 71% of Americans view large companies negatively. The change has been driven by Republicans who dislike the rise of...
Academic Capture

Event Notes: Academic Bias Under the Microscope

Andy Shi
That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz, Anat Admati,...
Commentary

Corporations Are Not “We the People”

Geoffrey R. Stone
The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people. There is nothing in the text...
Money in Politics

What Citizens United Did Not Predict and Why It’s Time To Reconsider

Matilde Bombardini
Citizens United v. FEC stands in the public eye as the U.S. Supreme Court case that flooded U.S. elections with “dark money” and SuperPACs....
Money in Politics

Companies’ Diversity Commitments Conflict with Political Donations

Katherine Giscombe
Many US businesses that promote their workplaces as supportive of traditionally marginalized groups have created diversity, equity and inclusion (DEI) programs for their employees....
Academic Capture

“Uber Has Higher Prices and Worse Service Than the Taxi Industry Had Ten Years Ago”

Asher Schechter
Following the Uber Files leaks, transportation expert Hubert Horan explains why Uber is “hopelessly uneconomic” and how its engagement with policymakers and academics aided...
Academic Capture

Relationships With Academics at the Center of the Uber Files Revelations 

Asher Schechter
The Guardian’s exposé on Uber’s strategy of engaging with top academic researchers to produce corporate-friendly research calls to mind concerns regarding academic lobbying and...
Money in Politics

Healthcare Companies Spent More on Lobbying Than Any Other Industry Last Year

Brooke Fox
Threatened by regulated price caps from congress, the pharmaceutical industry spent nearly $390 million on lobbying in 2021 according to new data from OpenSecrets. Healthcare...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.