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.
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.
Text of Letter Published in Financial Times
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.
Virtue seems to pay according to Professor Charles M.C. Lee whose research shows that publicly-held firms in countries perceived as less corrupt trade at bigger market premiums than those in places deemed more corrupt.
(This paper has sparked discussion. View other material related to this topic)
How do you tell if CEOs are not being truthful during quarterly earnings conference calls? Stanford Graduate School of Business researchers have developed a model to analyze the words and phrases used during these calls and found some specific speech patterns that give clues.
In a new book Professor Darrell Duffie describes the financial network of incentives and financial contracts that lead to run-on-the-bank calamities during the financial crisis of 2007-2009. The Stanford Graduate School of Business finance professor argues that placing the global financial system on a sounder footing depends on an understanding of how the largest and most connected banks — the...
Maria Ogneva, who last January began teaching for the first time in the Stanford Sloan Program, won accolades from her students who on May 20 honored her with their annual Sloan Teaching Excellence Award.