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The Equitable Economy

ESG, Corporate Governance & Future of the Firm

Wirecard Scandal: When All Lines of Defense Against Corporate Fraud Fail

Jan Pieter Krahnen
Scandals such as Wirecard can destroy investor trust in capital markets working fairly and with integrity. A new policy brief commissioned by the European...
ESG, Corporate Governance & Future of the Firm

We Need More Research on Corporate Corruption

Armando Castro
The last decade has seen a continuous drumbeat of revelations of corporate corruption and the current economic crisis is sure to reveal many more....
ESG, Corporate Governance & Future of the Firm

The Social Voice of CEOs

Swarnodeep Homroy
A new working paper examines the phenomenon of CEO activism and finds that while statements by activist CEOs are more likely to have a...
Antitrust and Competition

Antitrust as Economic Stimulus

Hal Singer
By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly platforms.  When the...
Income Inequality

To Make a Difference, Businesses Must Have a Stake in Social Missions

Ofer Eldar
Despite their promises to change the world for the better and remedy social ills, the truth is that corporations are rarely designed to solve...
Income Inequality

A $2.5 Trillion Question: What If Incomes Grew Like GDP Did?

Kathryn Edwards
Per capita GDP in the US grew 118 percent over the past 43 years. At the bottom 25th percentile, real income for full-time, full-year,...
ESG, Corporate Governance & Future of the Firm

Does a CEO Have a Duty to Lobby?

Luigi Zingales
We need not only more disclosure, but also more work in alerting people in general (and students in particular) about the distortive effects of...
Commentary

Should Whistleblower Reward Laws be Capped?

Stephen M. Kohn
The SEC is expected to approve a proposed rule change that could limit the amount of awards paid to whistleblowers, despite evidence that shows...
Income Inequality

The Economic Costs of Discriminating Against Top Talent: Insights From Nazi Germany

Kilian Huber
A new study looks at the discrimination of Jewish managers in Germany in the 1930s and shows how the rise of a discriminatory ideology...
Antitrust and Competition

Monopolies: Silent Spreaders of Poverty and Economic Inequality

James A. Schmitz Jr.
The Covid-19 crisis has exposed the vast inequalities that exist within the US economy. Monopoly power should be at the top of policymakers’ list...
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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.