Corporate Governance

Why Most Boards Fail

A Stigler Center panel debate examines the impact of activist shareholders and the role of dissenting board members. Corporate governance has seen some substantial reforms...

Stigler Center Talk: Corporate Governance in an Era of Shareholder Activism

The Stigler Center will host a panel on the prevalence of shareholder activism and how to improve corporate oversight on May 3rd.  Shareholder activism has experienced...

ProMarket Interview: Robert J. Shiller on Competition, Deception and Rent-Seeking

Yale economist and Nobel Prize Laureate Robert J. Shiller explains why competition in itself does not always weed out deception and rent-seeking. “Our free-market system...

ProMarket Graph: Is There a Correlation Between Perception Measures and Reported Levels of Corruption?

New graph compares corruption perception indexes with reported cases of corruption.  What is the best way to measure corruption, and can there be a reliable way to...

“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”

Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy,...

Corporate Governance Externalities: How Directors’ Reputational Concerns Shape Governance of Other Firms

A new paper by Wharton’s Doron Levit and Carroll’s Nadya Malenko fleshes out the role that reputation plays in shaping the structure and effectiveness of...

The US Government Loses As Much As $111 Billion Annually Due to Corporate Tax Dodging

Report: For every dollar spent on lobbying, the 50 largest corporations received more than $4,000 in government support. The U.S. government is losing as much...

The White House Acknowledges: The U.S. Has a Concentration Problem; President Obama Launches New Pro-Competition Initiative

President Barack Obama issues an executive order that calls on federal government agencies to promote competition within uncompetitive markets. President Barack Obama launched a broad new...

Stigler Center Talk: Uber and the Future of Work-On-Demand

David Plouffe,  board member and Chief Advisor at Uber, is coming to give a talk at the Stigler Center. Within seven years, Uber has managed...

“It’s Difficult to Produce Good Policy in Thin Political Markets&quote

Harvard Business School’s Karthik Ramanna, author of Political Standards, outlines the potential harms of thin political markets and offers ways to mitigate capture. “It’s difficult...

LATEST NEWS

The ACCC’s News Media Bargaining Code: Experimenting with “Decentralized Regulation” of Dominant Digital Platforms

The Australian Competition and Consumer Commission recently proposed a mandatory bargaining code to govern negotiations between digital platforms like Google and Facebook...

Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism

Eugene Fama: When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms...

Capitalisn’t Is Back: Can Economists and Journalists Work Together to Improve Capitalism?

Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...

Missing in Today’s Shareholder Value Maximization Credo: The Shareholders

Luca Enriques: Today’s corporate world is very different from the one Milton Friedman wrote in. In a world where the question of...

Australia’s News Media and Digital Platforms Bargaining Code is Great Politics But Questionable Economics

If the Australian government wants to subsidize high-quality journalism then it should, well, subsidize high-quality journalism. The new proposed ACCC code would...