Economics

A shortage of middle management talent is slowing business development in Africa, but the continent still offers opportunities for entrepreneurs who recognize the differences between Nairobi and Silicon Valley, say business school conference speakers.
Observers of Silicon Valley have always assumed that the most successful companies get their competitive edge by paying their star employees more than the competition to fuel innovation. Now research, co-authored by Professor Kathryn Shaw, and using the academic field of insider econometrics, has been able to prove that this assumption is indeed true.
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
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.
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.
Former students, colleagues, and fellow coauthors of John Roberts gathered in September to present reflections of how his work and mentorship affected both the course of economic research and their lives.
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Seenu Srinivasan
Professor Seenu Srinivasan is recognized internationally for his work on consumer choice and sales force compensation, but as his peers testified during a gathering celebrating his 36-year academic career, Srinivasan is also revered as a teacher and mentor.
Generalists, men and women who have amassed experience with a broad spectrum of management areas, stand a better chance of making it to top management positions than those with more specialized resumes, says economist Ed Lazear of the Stanford Graduate School of Business.

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