ESG, Corporate Governance & Future of the Firm

Should Whistleblower Reward Laws be Capped?

The SEC is expected to approve a proposed rule change that could limit the amount of awards paid to whistleblowers, despite evidence that shows...

How Hedge Fund Performance Fees Fail Investors

In the hedge fund industry, there is a material disconnect between funds’ lifetime performance and lifetime incentive fees for managers. A new study analyzes...

Do People Think Finance Benefits Society?

A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages and hundreds...

Call for Papers: Should Corporations Have a Social Purpose?

The Stigler Center is launching its fourth Political Economy of Finance conference and seeking papers on topics related to corporate social responsibility, the purpose...

The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model

Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...

MBA Students Against Corporate America: “Stop Lobbying the White House on the Defense Production Act”

Since the virus outbreak, the US Chamber of Commerce has lobbied the federal government to limit the use of a piece of legislation that...

How Private Equity Companies Are Lobbying to Profit from The Covid-19 Economic Fallout

Private equity funds aren’t just seeking to save the investments they already have, but to get access to more capital to invest in a...

The Darkest Side of Monopsony: The South Korean Case

"Chaebols”, large business groups controlled by founder families, are usually considered a crucial ingredient of South Korea's economic miracle. But after a process of...

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...

“Monetary Awards Are Not the Only Reason Why Whistleblowers Report Corporate Malpractice”

At the SEC, Jordan Thomas had a leadership role in developing the program to protect and reward employees who report corporate wrongdoing. Now, he is...

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