type here...

Shareholders

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...
Read more

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...
Read more

Serving Shareholders Doesn’t Mean Putting Profit Above All Else

Oliver Hart, Luigi Zingales: The time has come for companies, economists, and society to abandon the argument that the only responsibility of business is...
Read more

Friedman’s Principle, 50 Years Later

Luigi Zingales: In the mid-1980s, Milton Friedman’s view that the only social responsibility of business is to increase its profits became dominant...
Read more

Please, Don’t Use Taxpayer Money to Bail Out Investors Like Me

When we invested in stocks and bonds, we knew we might have to face a storm or two. The high returns we received on...
Read more

Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”

"Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those...
Read more

The SEC’s Shareholder Voting Reform Runs Counter to Attempts at Democratizing Corporate America

The SEC should drop its proposed changes or modify them so that they are less onerous and less damaging to the rights of shareholders...
Read more

The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability

Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
Read more

Firms with Owners in Common Are Freer about Publicly Disclosing Information

The accounting literature has long examined how public disclosures relate to firm competitiveness. If common ownership is in fact hurting competition, companies with owners...
Read more

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...
Read more
12Page 1 of 2

LATEST NEWS

Antitrust and Competition

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

Cristina Caffarra, Gregory S. Crawford
The Australian Competition and Consumer Commission recently proposed a mandatory bargaining code to govern negotiations between digital platforms like Google and Facebook...
Read more
Friedman 50 Years Later

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

Eugene F. Fama
Eugene Fama: When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms...
Read more
Capitalisn't

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

Luigi Zingales, Bethany McLean
Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...
Read more
Friedman 50 Years Later

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

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

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

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

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

About Us

Categories

What we are readingAntitrust and CompetitionRegulatory CaptureMediaRent seekingMoney in Politics