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Research

ESG, Corporate Governance & Future of the Firm

Do Companies Invest In Corporate Social Responsibility At the Expense of Their Employees?

Guglielmo Briscese
The past decade has seen companies increasing investments in initiatives of corporate social responsibility (CSR), such as donating a share of profits to charity....
ESG, Corporate Governance & Future of the Firm

Millennials and Gen Z Are Willing to Accept Lower Wages to Work in More Sustainable Firms

Daniel Metzger
Firms in more environmentally friendly sectors are better able to attract and retain talent and at lower wages. Millennials and Gen Z, who are...
ESG, Corporate Governance & Future of the Firm

How Corporate Purpose Affects Firms

Claudine Gartenberg
A company’s purpose is a core aspect of the organization: it influences the financial performance of company, and relates to its ownership characteristics, compensation...
News

What Happens When Multinationals Appear in Reporting on Activist Assassinations? High-Profile Media Has Bite

David Kreitmeir
A new report finds that being linked to human rights abuses—merely appearing in reporting around high-profile events—can significantly influence a company’s stock market value....
Covid-19

Lack of Trust in Doctors Undermines Covid-19 Vaccination Strategy

Fabio da Silva Soares
Recent data from the Financial Trust Index (FTI) reveals that Americans are not as willing to be vaccinated as the government expects. Trusting doctors...
Covid-19

Why Is All Covid-19 News Bad News?

Bruce Sacerdote
A new paper finds that media coverage of the Covid-19 pandemic, including vaccine development, tends to be more negative in the US than elsewhere....
Antitrust and Competition

What Is the Price of a Prescription Drug?

Robin Feldman
Due to lack of transparency and mystery rebates, which are considered trade secrets, figuring out the price of a prescription drug is devilishly difficult....
News

The Effects of Student Debt Forgiveness

Marco Di Maggio
While student loan forgiveness is undoubtedly expensive, research suggests that individuals whose debt is forgiven get better jobs, experience higher mobility, and are ultimately...
Antitrust and Competition

Giving Away Our Data for Free is a Market Failure

Nicholas Economides
By convincing users to give away their data for free, digital platforms have caused a market failure. This failure benefits them and harms us,...
Income Inequality

The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?

Yonatan Berman
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile of capital-income...
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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.