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CEOs profit from issuing negative news releases ahead of stock option grant dates

Researchers found that CEOs who release more negative news before their executive stock option grant date see significant gains. The study suggests that CEOs underpaid compared to peers and with discretion are more likely to manipulate the system. To guard against further gaming, additional regulation and governance are recommended.

SourceUniversity of Notre Dame·JournalAcademy of Management Journal·DateFeb 4, 2019

US transportation and water infrastructure not broken

A new RAND Corporation study finds that US transportation and water infrastructure funding is not broken, but a national consensus on priorities is needed. Targeted spending increases can largely eliminate maintenance backlogs by 2030, while federal capital funding can include resilience requirements for natural disasters and climate c...

New research horizons

Two UCSB faculty members, Stefano Tessaro and Andrea Young, have been selected as recipients of the prestigious Alfred P. Sloan Research Fellowship for their outstanding contributions to cryptography and condensed matter physics. The fellowships will support their research efforts in building solid theoretical foundations for cryptogra...

Should the food industry fund health research?

Leading experts argue that food industry funding can support health research, but only if safeguards are in place to prevent bias. Anna B Gilmore and Simon Capewell suggest that industry funding distorts the research agenda and produces biased results. In contrast, Paul Aveyard and Derek Yach recommend co-funding with clear guidelines.

SourceBMJ Group·JournalThe BMJ·DateApr 20, 2016