Corporate Governance
Oliver Hart and the Poetry of Economic Theory
At this year's annual ASSA meeting, Stigler Center Director Luigi Zingales delivered a lecture honoring Oliver Hart, winner of the 2016 Nobel Prize for economics. Read...
How Boys Become Entrepreneurs at the Dinner Table
New research from Hans K. Hvide and Paul Oyer has uncovered some interesting facts about men who start businesses: most of them do it in the...
Wondering How Your Financial Advisors Rank for Misconduct? There’s a Web App for That
A new site created by ProMarket board member Amit Seru (Stanford) and co-authors Mark Egan (Harvard) and Gregor Matvos (UT Austin) offers free data and...
Does Environmental Crime Pay?
A new Stigler Center working paper conducts a cost-benefit analysis of DuPont's emissions of a toxic chemical dubbed C8.
The Trump administration has shown clear signs that it...
To What Extent Do Political Considerations Affect Finance?
In June, the Stigler Center brought together top academics for a conference on the impact of politics on finance. Ahead of our second annual...
Turning Corporations into Democracies
The problem with encouraging firms to maximize shareholder welfare is how to prevent managers and special interests from diverting corporate resources in the name of shareholder...
Let Data Guide Legislation: Stifling Shareholders in the CHOICE Act?
In improving the current shareholder proposal process, legislators should trade the butcher knife for the scalpel.
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What influence, if any, should shareholders have over...
Eliot Spitzer: The U.S. Never Had the Will and the Ability to Hold the Most Powerful to Account
In a special interview with ProMarket, former New York governor Eliot Spitzer talks about financial regulation, regulatory capture, and antitrust. Part 1 of 2.
Clear rules and...
A Small Step for Theory, a Leap Forward in Corporate Governance
Moving from shareholder value maximization to shareholder welfare maximization may be a small step in theory, but it could trigger a leap forward in...
Where Friedman Was Wrong
A new paper by Oliver Hart and Luigi Zingales argues that a company’s objective should be the maximization of shareholders’ welfare, not value.Â
In 1970,...
