Virtual Harper LEcture: Socially Responsible Corporate Governance

Featuring Luigi Zingales

What is the best way to make corporations behave responsibly? While divestment and boycotting can nudge firms to be socially responsible, they are ineffective unless the social inefficiency is very large. And even when they are effective, they induce a provision of public goods that is disproportionately small relative to the number of socially responsible investors/consumers. Luigi Zingales argues that shareholder engagement can lead to a better outcome.

luigiFeatured Faculty: Luigi Zingales

Luigi Zingales’s research interests span from corporate governance to financial development, from political economy to the economic effects of culture. He co-developed the Financial Trust Index, which is designed to monitor the level of trust that Americans have toward their financial system. In addition to holding his position at Chicago Booth, Zingales is currently a faculty research fellow for the National Bureau of Economic Research, a research fellow for the Center for Economic Policy Research, and a fellow of the European Governance Institute. He is also an editorialist for Il Sole 24 Ore, the Italian equivalent of the Financial Times. Zingales also serves on the Committee on Capital Markets Regulation, which has been examining the legislative, regulatory, and legal issues affecting how public companies function. In 2014 he was the President of the American Finance Association.

In July 2015 he became the director of the Stigler Center at the University of Chicago, which he is refocusing on promoting and diffusing research on regulatory capture and the various distortions that special interest groups impose on capitalism.

His research has earned him the 2003 Bernácer Prize for the best young European financial economist. His work has been published in the major economic and finance journals, but he has publications also in Science and the Proceedings of the National Academy of Science.

His book, Saving Capitalism from Capitalists, coauthored with Raghuram G. Rajan, has been acclaimed as “one of the most powerful defenses of the free market ever written” by Bruce Bartlett of National Review online. Of his latest book, A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, the Financial Times has written “Zingales’ fundamental diagnosis is right.”

Born in Italy, Zingales carries with him a civic passion and the belief that economists should not just interpret the world, they should change it for the better. Zingales received a bachelor’s degree in economics from Università Bocconi in Italy in 1987 and a PhD in economics from the Massachusetts Institute of Technology in 1992. He joined the Chicago Booth faculty in 1992.

Lecture Details

Event Details:
August 25, 2020

This international event is presented online.

11 a.m. Central Daylight Time

6 p.m. Central European Summer Time (UTC+2)

Registration is free but required.

Contact alumni@uchicago.edu or 773.702.2150.

Zoom Meeting (Link sent with Confirmation)