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Researchers and business leaders have long decried short-termism: the excessive focus of executives of publicly traded companies — along with fund managers and other investors — on short-term results. The central concern is that short-termism discourages...

The devastating economic collapse of 2008 produced the worst downturn since the Great Depression and revealed the high price to society when institutions designed to serve and protect the public fail. Clearly, preventing a repeat of that catastrophe...

This paper will apply the theory of institutional corruption to the world of private-activity bonds, which offer private entities access to tax-exempt borrowing, which generally provides lower interest rates. The bonds are issued by a public authority...