Purpose: The mainstream framework for corporate governance is that all corporate activity should be directed towards shareholder wealth maximization. This article posits that public policy should move away from shareholder primacy and instead recognize employees as key contributors to corporate...

The US racial economic gap is substantial and growing, stemming from a history of racism and the importance of intergenerational transmission to wealth accumulation (Darity and Hamilton 2012); (Chiteji and Stafford 1999). Wealth equity is important because wealth permits economic freedom: the...

Fintech lending to small businesses is growing rapidly in the United States, but the industry remains largely unregulated. In this study, I examine borrower outcomes when a borrower states that they are using credit from a fintech for small business purposes; I subsequently examine the...

The increasing financialization of America's large public companies has profoundly affected labor markets. Wages are stagnant, income inequality has grown, and corporate America is no longer a provider of stable employment for middle-class workers. Common explanations include globalization, the...