If the large mutual funds are out to improve governance, why do they condone, if not encourage, seemingly excessive and performance-insensitive compensation packages? A new paper explores that question by thinking about what “performance” actually means to a large asset manager.
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When calm, reasoned arguments, logical deductions, evidence and the like are not able to block Keynesian utility traps, ridicule might do the job.
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If lawmakers want to improve the dietary choices of Americans, the first thing they need to recognize is that the problem is not information.
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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 of the fuzzy interactions between regulation and reputation is needed before jumping into policy implications
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Most people in power choose nominees without any outside option, because such people are willing to do anything to be reappointed. Raghuram Rajan is not one of those.
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In order to get optimal regulation in the financial world, says Alan Blinder, the former Vice Chair of the Federal Reserve, one should seek to over-regulate.
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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 as governor.
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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 an additive company.”
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The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.
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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 Standards Board (IASB). This is an opportunity to reexamine the accounting rulemaking establishment in the United States as well.
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A panel at Fordham University discusses the social signals business schools communicate to students.
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A Stigler Center panel debate examines the impact of activist shareholders and the role of dissenting board members.
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