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Antitrust and Competition
Money in Politics
Regulatory Capture
Rent seeking
Income Inequality
Big Tech
Economic History
Economic History
Research
Commentary
About
Masthead and contacts
Write for ProMarket
Content Licensing
Reading Lists
Antitrust and Competition
Money in Politics
Regulatory Capture
Rent seeking
Income Inequality
Big Tech
Economic History
Economic History
Research
Commentary
About
Masthead and contacts
Write for ProMarket
Content Licensing
Reading Lists
Shareholder capitalism
Shareholder Democracy Doesn’t Work. Here’s How It Can.
An opinion piece by Oliver Hart and Luigi Zingales describes how a new voting mechanism could help individual investors persuade companies to...
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How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they...
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Managers Should Satisfy Only the Ethically Permissible Preferences of Shareholders
Oliver Hart and Luigi Zingales have proposed a revision to the dominant model of the objective of the firm, most famously defended...
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Public’s Perception of Large Corporations Has Direct Impact on the Public Support of Corporate Bailouts
A new Stigler Center working paper finds that the likelihood of someone signing an online petition or contacting their US senators to...
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Friedman’s Legacy: From Doctrine to Theorem
Friedman was more right than his detractors claim and more wrong than his supporters would like us to believe. However, after 50...
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Beyond Friedman’s Doctrine: The True Purpose of the Business Corporation
The pandemic and the renewed focus on inequality and injustice arising in the wake of the death of George Floyd have accelerated...
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Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism
When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms toward ESG...
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LATEST NEWS
Antitrust and Competition
Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth
Christian Fons-Rosen
,
Pau Roldan-Blanco
,
Tom Schmitz
Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...
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ESG & Corporate Governance
History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure
Ethan Rouen
,
Kunal Sachdeva
,
Aaron Yoon
In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...
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Regulation
Letters that Matter: How Interest Groups Shape Financial Legislation
Renée Adams
,
Thomas Mosk
Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...
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Labor
Are There Really Gender Pay Differences in the CEO Labor Market?
Massimiliano Tani
,
Keiran Sharpe
,
Andrew Valentine
The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...
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Monetary Policy
How Many Banks Are at Risk of Insolvency Right Now?
Amit Seru
,
Erica Xuewei Jiang
,
Gregor Matvos
,
Tomasz Piskorski
Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...
Read more