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.
Anat R. Admati, Peter M. DeMarzo, Martin F. Hellwig, and Paul Pfleiderer, August 2010, Rock Center for Corporate Governance at Stanford University Working Paper No. 86, Stanford Graduate School of Business Research Paper No. 2065.
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Text of Letter Published in Financial Times
A new study suggests that many consumer judgments may be determined by genetics. We're not born with a Prius gene, but we may have inherited a tendency to act in certain ways says Professor Itamar Simonson.
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.
The academic reward system, and indeed the very way experts become trained in their academic disciplines, make it difficult for researchers to learn to talk to peers from other areas of academia, says Professor Myra Strober in a new book.
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.
Medical Technologies with high "social value" can play an important role in helping safety-net providers use their resources more efficiently. However, traditional investors often see the total market potential for such technologies small relative to other, more immediate opportunities, leaving many companies struggling to secure capital, say researchers Stefanos Zenios and Lyn Denend.