Corporate Governance

Who Killed Corporate Reputation?

Regulation and reputation are not independent of each other. Regulation can substitute, crowd out, or even implement the power of reputational concerns. A better understanding...

Raghuram Rajan Unexpectedly Leaves RBI

In an unexpected move that will likely reverberate throughout India’s political system and financial sector, Rajan announced he will not seek a second term...

“If Uber Was a Government Program, There Would be Parades Thrown”: David Plouffe on Uber, Regulation, and Disruption

Uber’s chief advisor in a conversation with Chicago Booth professor Guy Rolnik: “We’re called a disruptive company—I think it’s more accurate to call us...

RBI Governor Rajan’s Fight Against Crony Capitalism

The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.  In any country in the world, a...

A Moment To Reform Accounting Rulemaking?

The European Parliament is due to formally adopt a cross-party report that is strongly critical of accounting standard-setting institutions, in particular the International Accounting...

Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?

Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case. The following...

Are Newspapers Captured by Banks? Evidence From Italy

The inaugural piece of a new ProMarket mini-paper series. Preamble In the intellectual debate there is a gap between academic papers and policy opinions, even those...

Who are the 30 Worst Brokers in America When Measured By Misconduct?

The ProMarket blog seeks to provide indexes that make markets work better. The data on brokers’ misconduct supplied by FINRA is very detailed, but...

Why Most Boards Fail

A Stigler Center panel debate examines the impact of activist shareholders and the role of dissenting board members. Corporate governance has seen some substantial reforms...

Stigler Center Talk: Corporate Governance in an Era of Shareholder Activism

The Stigler Center will host a panel on the prevalence of shareholder activism and how to improve corporate oversight on May 3rd.  Shareholder activism has experienced...

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...