Corporate Governance
Theory of the Firm Interview Series: John Van Reenen
The second installment in ProMarket’s new interview series: Should the economic theory of the firm be modified? If so, how? In this installment, we...
Interview Series: How Incomplete is the Theory of the Firm? Q&A with Daniel Carpenter
Should the economic theory of the firm be modified? If so, how? In March, the Stigler Center at the University of Chicago Booth School...
Revolving Doors in the Private Sector: Quid Pro Quo or Efficient Market Mechanism?
A new paper by Elisabeth Kempf from the University of Chicago looks into the performance of credit analysts who left to work for investment...
Could Blockchain Technology Alter the Balance of Power Within the Financial System? Q&A with David Yermack
"Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks,...
Managing Political Risk
A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts.
From Trump...
The Anti-Competitive Effects of Common Ownership: Q&A with Martin Schmalz
Martin Schmalz, assistant professor of business administration and finance at the University of Michigan, speaks about the anti-competitive effects of common ownership, a situation in...
Incomplete Contracts and the U.S. Economy: Q&A with Nobel Laureate Oliver Hart
Oliver Hart, the recipient of this year’s Nobel Prize in economics, sits down for a special interview with ProMarket in which he discusses his...
Why Have Soda Companies Funded Nearly 100 Health Organizations in the Last Five Years? Q&A With Michael Siegel
According to a new study, the world’s largest soda companies have sponsored 96 national health organizations during the last five years.Â
Last June, Philadelphia became...
It Takes a Village to Maintain a Dangerous Financial System: Q&A with Anat Admati
Stanford professor Anat Admati discusses her new paper, in which she explains how a mix of distorted incentives, ignorance, confusion, and lack of accountability contributes to...
The Non-Performing Assets of Wells Fargo
The entire board of Wells Fargo, not just the CEO, needs to be replaced.
In 1992, shareholder activist Bob Monks purchased a full-page ad in...
