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Daniel Weagley

Daniel Weagley is the Hubert L. Harris Early Career assistant professor of finance at Georgia Tech's Scheller College of Business. His research focuses on the frictions and decision-making processes that affect how financial and human capital are allocated throughout the economy including the role of financial frictions in climate finance, individual and institutional investor decision-making, and labor and finance.
Antitrust and Competition

Firms Sharing Board Members Can Collude To Reduce Worker Mobility

Taylor Begley
In new research, Taylor Begley, Peter Haslag, and Daniel Weagley find that when firms begin sharing a common director, there is a significant reduction in the number of employees that switch jobs between the two companies. The reduction is largest when the firms compete in the same labor market and for those employees who are most costly for firms to replace. The results show the link between overlapping board members and anticompetitive labor practices is a surprisingly widespread phenomenon.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.