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How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test
Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...
Why Financial Regulations Might Fail to Produce Their Desired Outcome: The Case of the Capital Conservation Buffer
The capital conservation buffer (CCB) was created after the 2008 financial crisis, instructing banks to retain their dividends in an escrow account and create a...
How Much Can We Trust Index Funds on Climate Change?
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role of “climate...
Big Tech, the FTC, and Ordoliberals: ProMarket’s Top Stories of 2021
As 2021 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
In a year marked by a...
This Proposal Could Inadvertently Improve Corporate Accounting
A provision within the Biden administration’s Build Back Better bill that assesses a minimum tax on certain companies based on their income reported to...
Are Intellectual Property Rights Neoliberal? Yes and No
Today’s global IP regime is often described by critical scholars bluntly as “neoliberal.” But in fact, the topic of intellectual property rights has been...
Stigler’s Interest-Group Theory of Regulation: A Skeptical Note
As a rule, regulation is not acquired by “the industry,” and it is not designed and operated primarily for its benefit. The mechanisms behind...
OpenLux: Despite Reform Efforts, Luxembourg Remains an “Offshore Hub in the Heart of Europe”
Dozens of foreign citizens linked to corruption, embezzlement of public funds, organized crime, and tax crime have opened companies in Luxembourg, seemingly without raising...
How American Corporations Used Courts and the Constitution to Avoid Government Regulation
Since the early days of the Republic, corporations have turned the Constitution itself into a shield against unwanted regulation of the economy. So long...
The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile of capital-income...
