The latest
Want more policies based on evidence?
Medicine teaches us it will take time, effort, and investment.
How the fine print in debt contracts can reduce investment
Performance covenants in debt contracts impede borrowers’ incentives to take up new investments.
The benefits, and limits, of financial-reporting regulation
There may be good reasons to require financial reporting and auditing, but it’s not clear market efficiency is one of them.
CBR Briefing #48
Public audit oversight enhances investor trust in financial reports
Latest from the Magazine
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Are profits passé?
Demand for corporate social responsibility is forcing companies to value more than money.
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Should public companies do more than maximize profits?
BlackRock cofounder Sue Wagner joins Chicago Booth’s Marianne Bertrand, Robert H. Gertner, and Luigi Zingales to discuss the business of business.
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How should we balance efficiency and equality?
Chicago Booth’s Marianne Bertrand, Nicholas Epley, and Erik Hurst discuss whether and how policy makers should take into account the distributional effects of economic policy.
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When it makes sense to pollute—and how to change the equation
A trove of documents reveals the corporate decision-making that led to an environmental disaster, and could lead to other bad behavior
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Words to live by: Flops, nudges, and sludge
A Nobel laureate offers advice on trying new things and creating long-term value.
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Trump’s trade policy is an exercise in futility
The president is unlikely to achieve any of his objectives.