Accounting

Stefan Nagel photo

The Role of "Repo" in the Financial Crisis

After analyzing repurchase agreements by money-market funds and security lenders, these researchers believe that banks off-balance-sheet collateralization of commercial paper is more likely to have prompted the run on short-term debt financing in the recent financial crisis.
Anat Admati photo

More Bank Equity Serves Us All Better

A letter by Anat R. Admati and Neil M. Barofsky published by the Financial Times, March 8, 2012
Anat Admati photo

Research Advocating Banking Rules in the Public Interest Receives Recognition

A research paper coauthored by finance faculty member Anat Admati has been recognized by the Financial Times and International Centre for Financial Regulation  (ICFR) in their jointly-sponsored third annual essay contest on financial regulation.  
John L. Beshears

When They Are Wrong, Analysts May Dig in Their Heels

When they are wrong about quarterly earnings forecasts, analysts may stubbornly stick to their erroneous views, a tendency that might contribute to market bubbles and busts, according to research coauthored by John Beshears of the Stanford Graduate School of Business.
Anat Admati photo

An Open letter to JPMorgan Chase Board of Directors

Originally published by Thomson Reuters-GRC, June 14, 2011.

Global "Level-Playing-Field" Arguments are Invalid

7 Myths of Executive Compensation

Corporate governance experts from Stanford Graduate School of Business say criticism of CEO pay might be off the mark.

Banks Should Not Be Allowed to Pay Dividends Until They Are Much Better Capitalized

Text of Letter Published in Financial Times View the letter as it appears in the Financial Times; subscription required to access

Depression Babies: How Our Economic Experiences Affect Investment Behavior

Researchers have demonstrated that personally experiencing something like the Great Depression has a significant impact on how we invest our money.

Force Banks to Put America's Needs First

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Anat Admati photo

An Open letter to JPMorgan Chase Board of Directors

Originally published by Thomson Reuters-GRC, June 14, 2011.

Global "Level-Playing-Field" Arguments are Invalid

Banks Should Not Be Allowed to Pay Dividends Until They Are Much Better Capitalized

Text of Letter Published in Financial Times View the letter as it appears in the Financial Times; subscription required to access

Depression Babies: How Our Economic Experiences Affect Investment Behavior

Researchers have demonstrated that personally experiencing something like the Great Depression has a significant impact on how we invest our money.

Force Banks to Put America's Needs First

Force Banks to Put America's Needs First

Text of Op-Ed Published in Financial Times

Bankruptcy Laws Drive Corporate Default Rates

Permissive bankruptcy laws, not bad business downturns, seem to be the greatest cause of corporate bond defaults, according to Professor Ilya Strebulaev, co-author of a study that researched 150 years of figures.

Tax Policy Has Changed Who Owns Stocks

A new study argues that household stock ownership decreases as the tax benefits associated with owning stocks inside a pension plan increase. The trend applies around the globe, says Stanford Graduate School of Business Professor Ilya Strebulaev.

Healthy Banking System is the Goal, not Profitable Banks

Text of Letter Published in Financial Times

Temporary Shocks Explain Conservative Fiscal Corporate Policies

The likelihood of temporary shocks, such as the 2006 contamination that shut down spinach growers, contributes in previously unexplored ways to CFOs? conservative approach to debt financing. In fact, says coauthor Ilya Strebulaev, managers should be even more focused on risk management.

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