Corporate Governance
Managing Political Risk
A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts.
From Trump...
The Anti-Competitive Effects of Common Ownership: Q&A with Martin Schmalz
Martin Schmalz, assistant professor of business administration and finance at the University of Michigan, speaks about the anti-competitive effects of common ownership, a situation in...
Incomplete Contracts and the U.S. Economy: Q&A with Nobel Laureate Oliver Hart
Oliver Hart, the recipient of this year’s Nobel Prize in economics, sits down for a special interview with ProMarket in which he discusses his...
Why Have Soda Companies Funded Nearly 100 Health Organizations in the Last Five Years? Q&A With Michael Siegel
According to a new study, the world’s largest soda companies have sponsored 96 national health organizations during the last five years.
Last June, Philadelphia became...
It Takes a Village to Maintain a Dangerous Financial System: Q&A with Anat Admati
Stanford professor Anat Admati discusses her new paper, in which she explains how a mix of distorted incentives, ignorance, confusion, and lack of accountability contributes to...
The Non-Performing Assets of Wells Fargo
The entire board of Wells Fargo, not just the CEO, needs to be replaced.
In 1992, shareholder activist Bob Monks purchased a full-page ad in...
What Differentiates White-Collar Criminals From Other Executives? A Q&A With Eugene Soltes
Video: Harvard Business School professor Eugene Soltes discusses his new book and explains why he considers white-collar crime to be a failure of intuition, not reasoning.
What drives...
Stigler Center Talk: Deutsche Bank Whistleblower on the SEC and Revolving Doors
Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected a multi-million dollar award from the SEC, will give a talk at...
Capture and Ignorance in Financial Regulation
The most fruitful avenue for reducing regulatory capture is to impose more checks-and-balances on our agencies, reversing recent trends toward expediency.
After spending some years...
How Rich are the Parents of Your Money Manager, and What Does it Tell You About his Alpha?
In the last few decades, numerous studies in financial literature have been devoted to the question of “alpha”—that is, the ability of money managers...
