Finance

STANFORD GRADUATE SCHOOL OF BUSINESS—It has been axiomatic in modern market analysis that hedge funds play an important role in efficient markets by nudging misaligned and irrationally priced securities to the rational path. But do hedge funds always counter market irrationality? Do they act as a...
STANFORD GRADUATE SCHOOL OF BUSINESS—More companies than ever before are issuing convertible bonds as a way to raise capital. According to conventional wisdom, these hybrids—part bond, part stock—attract investors because they promise the security of a bond, plus the option to convert to equity...
STANFORD GRADUATE SCHOOL OF BUSINESS—Entrepreneurial activities are prone to failure. Limited resources, lack of market history, and inability to widely communicate product quality make it difficult for most startups to survive. Prior research indicates that venture capital funding is the most...
STANFORD GRADUATE SCHOOL OF BUSINESS—In 2006, spinach producers were hit by an outbreak of E. coli contamination that ground the industry to a halt as all spinach-based food products were yanked from the U.S. market. This nightmare scenario is a particularly dramatic example of the kind of...
STANFORD GRADUATE SCHOOL OF BUSINESS—You might think that the head of state of a global power would be an unlikely individual to jump into a technical debate on accounting standards. Yet in 2003 French President Jacques Chirac did just that—taking an active role in voicing concern regarding the...
STANFORD GRADUATE SCHOOL OF BUSINESS—Over the past decade, companies increasingly have been called on to create more value for their owners. Led by aggressive institutional shareholders like the California Public Employees Retirement System and fueled by widely published reports of overcompensated...
Dividends Can Wait Until Banks Are Stronger Text of Op-Ed Published in Financial Times (View the text from the online version of Financial Times) This appeared in print in the Financial Times on Jan. 20, 2011 under the title "Force Banks to Put America's Needs First" Anat Admati George G.C....
(View the text from the online version of Financial Times) This appeared in the online Financial Times on Jan. 19, 2011 under the title "Dividends Can Wait Until Banks Are Stronger" Anat Admati George G.C. Parker Professor of Finance and Economics Graduate School of Business Stanford University  ...
STANFORD GRADUATE SCHOOL OF BUSINESS—Nike overhauled labor practices in its suppliers' overseas factories after it was targeted by activists campaigning against sweatshop conditions. Faced with criticism on many fronts, Wal-Mart embarked on a strategy to burnish its reputation and improve or...
STANFORD GRADUATE SCHOOL OF BUSINESS—In a forthcoming book, Stanford Graduate School of Business finance expert Darrell Duffie goes behind the scenes to describe the financial network of incentives and financial contracts that lead to run-on-the-bank calamities during the financial crisis of 2007...

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