What drives deposit rates after bank mergers? Not just market power
Local concentration may be less important than institutional tendencies toward interest-rate convergence.
The latest
Line of Inquiry: Hans B. Christensen on standardizing CSR reporting
Mandated CSR reporting would be difficult to implement, but could have benefits for investors, companies, and society.
Should sustainability disclosures be standardized?
To save the world, some say to start with reporting requirements.
To find an honest stockbroker, check out the auditor
An auditor’s track record of accepting high-misconduct stockbroker clients, which tends to predict their new clients’ future misconduct, is closely tied to the reputation of the auditor.
Why the big banks aren’t safe yet
Banking and accounting rules need to synch up.
Latest from the Magazine
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How racial bias infected a major health-care algorithm
A design decision resulted in significant disparity in who was identified for enrollment in a care-management program.
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The populism puzzle
What caused the uprising that has transformed global politics?
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Could anything unite the United States?
Cultural and political divisions have persisted for decades. Now there’s a growing gap in how Americans see each other.
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Is there a culture problem among startups?
Chicago Booth’s Steve Kaplan and Starr Marcello are joined by New York Times reporter Mike Isaac to discuss the role of corporate governance in entrepreneurship.
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Retailers underestimate the power of a penny in pricing
Many companies don’t recognize the potency of customers’ “left-digit bias.”
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States are already paying for unfunded pensions
Large, unfunded state pension liabilities are a costly problem—and the cost is already reflected in current bond prices.