Corporate Governance
The Business Roundtable CEOs’ Statement: Same Old, Same Old
Despite the media hype about corporate CEOs having abandoned their shareholder value maximization credo, the recent statement from the Business Roundtable contains nothing new...
Towards the Giant Three: The Rise and Rise of the Big Three Index Funds
The Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors—hold a significant proportion of the stock of US public companies, and they...
New Empirical Studies Show: When It Comes to Productivity, Management Matters
Research has shown that studying the causes and implications of management across organizations can be of much benefit to economics.
It is well documented((This piece...
Making Your Vote Count: Does the Voting Behavior of Asset Managers Truly Reflect Their Clients’ Interests?
In the past five years, thanks to growing public pressure, there has been increased attention on the voting behavior of asset managers. As a...
“Short Sellers Don't Exist to Fix the Problems. They Exist to Shed Light on the Problems”
In an interview with ProMarket, Fahmi Quadir, the short seller whose bet against Valeant in 2015 helped expose the company's misdeeds, talks about short...
Is Market Price Relevant for Minority Shareholder Appraisal Actions?
Vice Chancellor Travis Laster of Delaware Chancery Court has recently cautioned that while courts have given greater deference to market price in appraising fair...
Does Uber Kill? The Real Cost of Ride-sharing
A new Stigler Center working paper finds that ride-sharing actually increases the number of new car registrations and fatal accidents.
Two years ago, the Stigler...
Does Finance Make Us Less Religious?
Do religious congregations provide informal insurance against the risk of income loss for their congregants? A new paper examines the impact of an expansion...
How the Market Can Help Break the Glass Ceiling for Women in Management
A new CEPR working paper investigates how product market competition and gender-specific management career hurdles affect the gender wage gap for managers. The findings...
Editors’ Briefing: This Week in Political Economy (August 11–18)
Elizabeth Warren’s new bill seeks to radically alter US corporate governance; America’s top CEOs earned 312 times more than their average workers last year; regulators...
