Articles tagged with Finance
A new study by the University of Delaware found that diverse directors are less likely to serve in board leadership roles, despite being highly qualified. This inequity persists even when controlling for specialized skills and experience. The research suggests biases may be a contributing factor.
The Roy Rosenzweig Center for History and New Media at George Mason University is receiving a $20,000 grant to build financial resilience in the digital humanities. The project will connect five digital humanities organizations through a yearlong planning exercise focused on sustainable business models.
A national study found that housing finance agencies' supportive services and loan structure significantly reduced mortgage defaults and foreclosures among low- and moderate-income households. The results suggest government programs can help low-income households afford and keep their homes, with potential impacts on local economies.
A recent study from Ohio State University found that households immediately increase their spending after receiving tax refunds. In contrast, when households owe taxes, they do not reduce their spending, instead using other sources of funds to pay the bill. This challenges traditional economic theories about how people spend their money.
A new study found that equity analysts place greater emphasis on early impressions and experience a strong first impression bias that influences their forecasts for up to six years. Negative first impressions had roughly double the economic effect on forecasts compared to positive ones, leading to more pessimistic forecasts.
A new study found that gradualism, increasing project stakes step-by-step, significantly improves group coordination. The research showed that teams with gradually increasing stakes outperformed those with consistently high or low stakes.
A new salary structure proposes locking in salary gains as athletes advance toward graduation, offering drafted freshmen 60% of the current NBA rookie salary base. This system aims to entice most other college players to graduate before entering the NBA, improving player preparedness and the overall labor market.
A new paper by J. Ryan Lamare found that hiring a lawyer in arbitration doesn't guarantee better outcomes for employees, as employers can also hire lawyers to counteract positive effects
A team of computer scientists created a prototype kit called BlocKit to help people understand how blockchain works and can be used. The kit, made from everyday objects, represents 11 key aspects of blockchain infrastructure and was evaluated in a study involving experienced Bitcoin users.
A financial model developed by Stevens Institute of Technology assistant professor Hamed Ghoddusi explores the effects of the Tax Cuts and Jobs Act on homebuying. The SALT deduction cap has a predictable impact on property tax collections, particularly in high-income states.
A recent study found that nearly a quarter of small and medium-sized enterprises (SMEs) in the UK view Brexit as a major obstacle to their success, with investment and exporting being significantly affected. SMEs are disproportionately impacted by uncertainty and have lower resilience to unexpected shocks.
A new study published in The Journal of Politics found that enacting campaign finance reform to reduce polarization would likely degrade representation quality. Citizens tend to prefer representatives with matching issue views, regardless of ideology.
New research from Michigan State University challenges the traditional 'invisible hand' theory of market control. A third party's intervention disrupts trading relationships, establishing trust and loyalty among parties involved. This leads to favorable prices, but also creates a risk of runaway train-like effects unless regulated.
A study by University of East Anglia and Nottingham Trent University found that Olympic success leads to decreased trading volumes in major economies. However, stock market returns remain largely unaffected. The researchers suggest that investors' distraction is the primary reason for this decrease.
RecensMedical Inc., a UNIST startup, has received 1 billion KRW investment and 2 billion KRW financial guarantees from KIBO to develop rapid cooling anesthesia for various medical applications. The funding supports the company's growth as the first venture startup in Ulsan.
The Conservation Finance Alliance has received a major funding award of €701,114 (US$822,315) to support its work in promoting sustainable financing solutions for biodiversity conservation. The funding will be used to hire a full-time Executive Director and build the network's capacity for administration and fundraising.
The art market price index, compiled by Prof. Roman Kräussl, shows a significant decline in post-war and contemporary art prices, with a 21% drop in 2016. This confirms a burst of the market bubble, which had been growing since 2009.
A large mineral sector can lead to a 'resource curse,' where the finance sector prioritizes established firms over smaller companies, hindering national economic growth. This phenomenon, studied in 70 countries, suggests that the finance sector's focus on larger companies can exacerbate the resource curse.
New research from Washington University in St. Louis shows that the Fed's actions were effective in encouraging banks to lend, benefiting the economy. The study found that a total of 62% of bigger US banks used the Discount Window or Term Auction Facility during the crisis, leading to increased lending of almost all types.
A new study suggests that carbon finance is not a one-size-fits-all solution to climate change, as its effectiveness varies widely depending on the region. Peat forests in Indonesia are found to be crucial for reducing carbon emissions, with potential rewards of $3.5 billion over 30 years.
A study found an average gap of 3-9% in compensation for minorities and females serving on corporate boards. Despite being paid more overall, they often hold fewer leadership positions due to a lack of representation on key committees.
A new research paper from the University of Luxembourg outlines a method to identify patterns in options traders' behavior influenced by short-term market perceptions. Sophisticated investors use these patterns for profit, but the approach can exacerbate expected price plunges.
Two Rotman professors, Dan Trefler and Liyan Yang, have been awarded the Bank of Canada's Fellowship and Governor's Awards respectively. The awards recognize their exceptional research contributions to macroeconomics, monetary economics, and international finance.
A new study from the University of Missouri-Columbia analyzed data from 2,143 firms to find that accumulated job experience improves performance, counteracting age-related declines. The research highlights the need for a balanced approach in corporate governance, taking into account both age and experience.
Researchers at University of Luxembourg apply new bubble detection method to analyze millions of auction records, identifying explosive movements in fine art market segments. The study warns of an overheating art market with potential for severe correction.
The UN Climate Summit should prioritize guidelines and incentives for developing nations to cooperate on low-carbon energy projects. Chinese firms' significant involvement in coal power plants globally threatens the summit's goal, highlighting the need for expanded cooperation.
A study by Florida Atlantic University finds that black borrowers, especially low-income black women, pay significantly higher interest rates on home mortgages compared to their white counterparts. The rate difference can be substantial, resulting in additional monthly mortgage payments and lost wealth over time.
Reducing trade barriers between countries leads to a decrease in defence spending, as shown by researchers Roman Zakharenko and his colleagues. The study found that increased trade volumes can reduce defence spending globally, with significant reductions observed in countries participating in trade relations.
NHS trusts under severe financial pressure are least likely to terminate expensive PFI contracts, warns expert. Alternative solutions, such as adjusting commissioner payments to compensate for capital costs, are considered more effective.
A study published in Psychological Science found that individuals who perceive themselves as experts are more likely to claim knowledge of fake information. This phenomenon, known as 'overclaiming,' can lead to uninformed decisions with devastating consequences.
The UK government's 'beyond aid' approach to healthcare investments in developing countries has been criticized for its potential to exacerbate health inequities and poverty. A preliminary analysis found that large corporate hospital chains in emerging economies have received majority of the investment commitments.
A new report from the American Institute of Physics finds that Ph.D. physicists in non-academic careers are intellectually stimulating, challenging, and rewarding. Many earn salaries higher than their academic counterparts, with 85% working in STEM fields and 71% describing their jobs as intellectually challenging.
A simple two-page pitching template offers preliminary components for working title, research question, key papers, and motivation. The '3-2-1 countdown' element helps structure the pitch with idea, data, and tools, as well as questions and bottom line.
A new study reveals that top firms behind most of the innovation in market infrastructure are a mix of 'new entrant' and 'incumbent' firms. Software companies and smaller brokerage firms have invested heavily in technology to stay competitive.
A study by financial economics experts at Rice University found that stock prices of companies using the same lead underwriter during equity offerings tend to move together. The magnitude of this effect is similar to co-movement linked to share price, industry, or geography.
A study led by Michigan State University found a positive economic impact of the Travel Promotion Act, increasing the value of the hospitality industry by $1 billion. The program is associated with an increase in hotel firm values and may lead to expansion and job creation.
A new study from North Carolina State University and the University of Texas found that children are paying close attention to financial issues and need parental guidance. Parents should make an effort to talk to their kids about money, including saving, spending, and earning, as well as family finances and debt.
A new study has modelled the relationship between variations in leasing and selling market prices using almost 10 years of data from the US. The researchers found that when selling prices go up, leasing rates tend to decrease, highlighting the need for a more accurate pricing approach for lease vehicles.
A study by UC Berkeley's Haas School of Business suggests that freelancers who exhibit movement in their past history, taking on similar jobs, are more likely to get hired. The findings aim to better understand the dynamics of virtual labor markets and prepare freelancers to demonstrate their credibility to employers.
A new study from Ohio State University found that despite high mortgage default rates contributing to the 2008 housing meltdown, predatory lenders may have had a smaller impact. The research suggests that even without predatory lending, the subprime crisis would still occur due to other factors.
A new study published in the Journal of Corporate Finance reveals that female board members significantly impact merger and acquisition transactions, reducing company costs and increasing shareholder value. With each additional female director, companies pay less for acquisitions and attempt fewer takeover bids.
A new MSU study suggests that the US Securities and Exchange Commission (SEC) should intervene in the stock market only when external financial disruptions make it difficult for large shareholders to fend off speculators. The study finds that such interventions are rare and should be temporary.
A new study by Matthew Cain shows that despite biases, investment banks provide important information for the M&A advisory process. The study analyzes over 500 fairness opinion valuations and finds they can be useful for boards of directors in evaluating merger proposals.
A study by Penn State researchers found that people who view negative political ads perceive the ads as having a greater influence on others than themselves. The experiment showed that both supporters and opponents of a presidential candidate believe the ads affect others more than they are affected by them.
A recent study by Oregon State University reveals that small companies in the US stock market are often disproportionately affected during international financial crises. Investors tend to flee from smaller stocks and shift their holdings towards larger, safer corporations, resulting in significant losses for smaller companies.
Alan Greenspan argues that exceptional government activism in the past two years has hindered long-term recovery and led to abnormally high unemployment. He suggests that a more balanced approach would have resulted in lower unemployment rates.
Researchers at the University of Missouri are calling for reform of teacher retirement benefit systems due to huge unfunded pension liabilities. The systems have important effects on school staffing and finance, with some estimates suggesting unfunded liabilities of one trillion dollars or more.
Researchers analyzed data from online football gamblers and found distinct changes in market odds reflecting match events. Gamblers exhibited long-range volatility correlations and traded more on outcomes with small odds, suggesting a preference for favored teams.
Research by University of Illinois finance professors Murillo Campello and Heitor Almeida finds that small firms face higher costs of financing when economic conditions worsen. They often re-invest profits before paying off creditors, leading to increased debt and potential financial distress.
A new study found that female executives are more likely to leave their jobs voluntarily and involuntarily than their male counterparts. Women account for 7.2% of departures, compared to 3.8% for men, with higher voluntary rates (4.3% vs 2.8%) and involuntary rates (2.9% vs 0.9%). The study suggests that women may leave due to domestic...
The report highlights the need for stronger institutional capacity and increased transparency to address climate finance bottlenecks. Development cooperation is crucial to ensure poor countries receive climate change funding on favorable terms.
A University of Illinois study found that firms with heavy long-term debt that came due during the recent credit crisis slashed investment more than three times as much as companies whose paybacks dodged the meltdown. This can have a ripple effect on the overall economy, leading to reduced employment and profits in the future.
A new study finds that most stock repurchase programs are solid and well-intentioned, but a small number are rooted in attempts by companies to mislead the market. Firms announce buybacks when they perceive shares are undervalued, sparking bargain hunting and driving up prices.
A recent study found that bankruptcy rates vary widely across states due to differences in policy, including wage garnishment laws and Chapter 13 filings. Broad demographic factors such as age and income also influence filing rates.
A University of Missouri study found that decreasing stock options for CEOs after earnings restatements leads to fewer risky investments and improved operating performance. This reduction in compensation incentives helps firms avoid excessive risk-taking and achieve better bottom lines.
High-profile meeting at UN General Assembly tackles financing issues surrounding MDG 4 and 5; authors emphasize need for innovative financing to reduce maternal and child mortality. A child dies every 3 seconds, a mother every minute, the statement reads.
Researchers found that short selling activity is widespread across large and small NYSE stocks, accounting for at least 12.9% of trading volume. Short sellers can identify overvalued stocks and profit by anticipating price declines, indicating they are extremely well-informed.
The banking crisis is attributed to unrealistic expectations of high returns on equity and poor risk management, according to economist Paul J.J. Welfens. The crisis will persist if regulatory systems are not improved and sustainable investment strategies are not promoted.
Research by Aneel Keswani and David Stolin found that investors consistently choose funds with better future performance. The study employed British data from 1991 to 2000 and U.S. data during the same period, revealing a smart money effect in both markets.
A recent study published in Review of Accounting and Finance suggests that disaggregated bank earnings are more useful for investment decisions than aggregated earnings. Disaggregated earnings better predict next period earnings and stock prices, revealing their potential to improve credit and financing decisions.