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American Capitalism Must Reorient Toward the Long Term

David J. Teece and Aurelien Portuese argue that short-term thinking in American corporate governance, antitrust, and regulation is hampering American innovation and success even as other countries invest in their firms to dominate frontier markets.

Concerns About Layoffs and CEO Pay Dominate Shareholder Preferences

A new study by Zwetelina Iliewa, Elisabeth Kempf and Oliver G. Spalt finds that Americans often prioritize moral values over financial gains when evaluating...

Finding the Right Mix of Corporate and Individual Liability To Deter Organizational Misconduct

In recent research, Jennifer Arlen and Lewis A. Kornhauser develop a new model to understand how countries should approach and balance corporate and individual...

Academic Opportunities and Media Impact Join ProMarket’s Weekly Newsletter

ProMarket’s Special Interest newsletter is evolving to better support scholars in our community. The weekly update will now feature curated academic opportunities and highlight...

How Both the Chicago School and Ordoliberalism Softened on Big Businesses

In new research, Ryan Stones revisits the alleged disagreement between two influential schools of antitrust on how to handle big businesses. Instead of finding contrasting policy recommendations, he highlights a strikingly similar relaxation of attitudes toward enforcement in the Chicago School and Ordoliberalism in the post-war period.

ESG Investing Isn’t as Divisive as We Think

Many asset managers have stopped offering funds supporting environmental, social, and governance (ESG) goals in the face of political backlash. In new research, Omar Vasquez Duque shows that much of this backlash is due to semantics and poor fund design, and that investors across the political spectrum are willing to take lower financial returns to support specific goals under the ESG label.

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