Corporate Governance
How a Wave of Corporate Takeovers Ushered In the Gospel of Shareholder Value
In an excerpt from his new book, Ages of American Capitalism, economic historian Jonathan Levy explains how "financiers blew up the postwar industrial corporation...
What Stakeholder Capitalism Can Learn From Jensen and Meckling
Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be designed to...
Public’s Perception of Large Corporations Has Direct Impact on the Public Support of Corporate Bailouts
A new Stigler Center working paper finds that the likelihood of someone signing an online petition or contacting their US senators to support corporate...
Holding Corporations and Executives Accountable Depends on Our Legal System
How can the law prevent and deter corporate wrongdoing? The answer might lie in identifying what factors are associated with greater wrongdoing and how...
My American Board: On Ken Dayton and Good Governance
In the second chapter of his book On Board, John Tusa describes his experience on the board of American Public Radio, which he joined...
Do Employees Benefit From Worker Representation on Corporate Boards?
Mandated legislation of worker representation is unlikely to be the magic bullet some policy-makers have pictured. A new paper finds workers may benefit from...
Do Companies Invest In Corporate Social Responsibility At the Expense of Their Employees?
The past decade has seen companies increasing investments in initiatives of corporate social responsibility (CSR), such as donating a share of profits to charity....
Millennials and Gen Z Are Willing to Accept Lower Wages to Work in More Sustainable Firms
Firms in more environmentally friendly sectors are better able to attract and retain talent and at lower wages. Millennials and Gen Z, who are...
What Happens When Multinationals Appear in Reporting on Activist Assassinations? High-Profile Media Has Bite
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....
Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?
A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned firms have...
