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Regulators as Validators
Special interest groups can use their influence over regulation to water down not just potential legal sanctions but also potential reputational sanctions. What deters corporate misbehavior? Two of the...
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Attorneys General for Sale? We Should Focus on the Practice, Not Just on...
Trump is not the only, nor the biggest, player in the game of influencing attorneys general. Singling him out for opprobrium is aiming at the tip rather than the iceberg. One can hardly open a...
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Managing Political Risk
A recent working paper suggests that firms react to political risk, both passively by cutting investment and employment, and actively by ramping up lobbying efforts. From Trump to Brexit, 2016 provided...
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Does Environmental Crime Pay?
A new Stigler Center working paper conducts a cost-benefit analysis of DuPont’s emissions of a toxic chemical dubbed C8. The Trump administration has shown clear signs that it wants to relax...
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How the Legal System Helps the Media Hold the Powerful to Account
The legal system is the bloodline of investigative journalism. Recent maneuvers by the Trump administration may jeopardize it. When done effectively, investigative journalism can greatly improve...
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President-Elect Joe Biden and the Real Lessons of DuPont
Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to walk the walk. To understand what is wrong with American capitalism and...
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Max Oversight Duties: How the Boeing Case Signifies a Shift in Corporate Law
Why did regulation, corporate governance, and fear of repetitional harm fail to prevent the Boeing 737 Max debacle from happening? A new paper explores what went wrong in the Boeing case and how to...
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Is Big Business Ungovernable?
Regulators should dedicate more resources to pursuing big cases against the biggest market actors, even if it means compiling far fewer enforcement actions annually. Regardless of the legal outcome,...
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What Role Should Auditors Play in Corporate Compliance?
The Public Companies Accounting Oversight Board has proposed an amendment to its auditing standards that requires auditors to assume a larger role in corporate compliance. Roy Shapira and Luigi...
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The Limited Promise of Right-To-Repair Reforms
Roy Shapira discusses the problem of wasteful consumerism and society's throwaway culture, arguing that while the "right to repair" movement is important, antitrust policy is unable to address the...
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