Corporate Governance
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...
ProMarket Interview: Robert J. Shiller on Competition, Deception and Rent-Seeking
Yale economist and Nobel Prize Laureate Robert J. Shiller explains why competition in itself does not always weed out deception and rent-seeking.
“Our free-market system...
ProMarket Graph: Is There a Correlation Between Perception Measures and Reported Levels of Corruption?
New graph compares corruption perception indexes with reported cases of corruption.
What is the best way to measure corruption, and can there be a reliable way to...
“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”
Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy,...
Corporate Governance Externalities: How Directors’ Reputational Concerns Shape Governance of Other Firms
A new paper by Wharton’s Doron Levit and Carroll’s Nadya Malenko fleshes out the role that reputation plays in shaping the structure and effectiveness of...
The US Government Loses As Much As $111 Billion Annually Due to Corporate Tax Dodging
Report: For every dollar spent on lobbying, the 50 largest corporations received more than $4,000 in government support.
The US government is losing as much...
