Corporate Governance
“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...
Is Lionizing CEOs Dangerous for Society?
In an interview with ProMarket, Open University's Peter Bloom talks about his provocative new book CEO Society and why he believes celebrating corporate CEOs...
The Foundation of Corporate Personhood: A Look at the Charles River Bridge Case of 1837
Some 130 years before Friedman could begin arguing that a corporation’s sole responsibility was to make a profit for its shareholders, Boston’s Charles River...
Depositors Disciplining Banks: The Impact of Scandals
Can depositor activism make a real difference? New research set to be presented at the upcoming Stigler Center Political Economy of Finance conference examines the Dakota...
Do Firms Use Capital and Labor Efficiently? Evidence and Implications of Resource Misallocation
Economists have for a decade or so theorized that moving productive inputs like labor and capital into the firms that make the best use...
