RESEARCH

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...

How Enlightened is Enlightened Shareholder Value?

There has been growing support for replacing the traditional corporate purpose with so-called “enlightened shareholder value,” which would guide firms to consider...

Corporate Sovereigns and the Emergence of State Sovereignty: A Closer Look at the East India Company

A new data collection has made it possible to reveal the self-sovereignty of the English East India Trading Company that produced a...

New Data Shows the Rise of Corporate Concentration in the US in the Past 100 Years

New research observing 100 years of concentration in economic activities and investment in research and development shows that the dominance of large...

Are “Bankruptcy Directors” Bad for Creditors?

A new paper studies the rise of so-called “bankruptcy directors,” typically former bankruptcy lawyers, investment bankers, or distressed debt traders who join...

Chart of the Week: Two-thirds of Germans Support Russian Energy Embargo

A new survey of German citizens reveals the steps they'd support to help Ukrainians and punish Russia.

The Economic Costs of Common Ownership

A new empirical study attempts to estimate the economy-wide welfare costs of common ownership. The authors find that they are large and...

The Flaws and Limits of ESG-Based Compensation

Companies increasingly use ESG metrics in their compensation packages for CEOs. A new empirical study suggests that this practice has questionable promise...

Chart of the week: US Economists on a Total Russian Oil Ban

US economists surveyed by Chicago Booth's Initiative on Global Markets shows that most agree that a total ban on Russian oil imports...

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test

Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they...

Latest news

Delaware: The State Where Companies Can Vote

Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us...

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value...

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...

Mergers and Smoking Guns

A recently uncovered memo from George Stigler and Richard Posner reveals how they thought about antitrust and merger policy in advising the...

Will “Portfolio Primacy” Throw a Monkey Wrench in Elon Musk’s Plans to Acquire Twitter?

The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy.

How Europe Can Enforce the Digital Markets Act Effectively 

As the European Commission gets ready to embark on the complicated task of implementing the recently agreed-upon Digital Market Act, which would...