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UrduA new study in the American Sociological Review shows that comparing countries in terms of their wealth inequality instead of income inequality provides a fundamentally different picture of nations’ relative level of economic inequality.
Tag: Finance
Financial management expert to lead Government Finance Research Center at UIC
Deborah Carroll joins the University of Illinois Chicago from the University of Central Florida, where she is an associate professor in the School of Public Administration and the director of the Center for Public and Nonprofit Management
Why Do Mutual Fund Investors Do What They Do?
For several decades, individual investors have been moving billions of dollars in and out of thousands of mutual funds.
Rapid Response
See how the CSU is addressing the economic consequences of COVID-19.
Foster care, homelessness are higher education hurdles
A college education is estimated to add $1 million to a person’s lifetime earning potential, but for some students the path to earning one is riddled with obstacles. That journey is even more difficult for students who have been in the foster care system or experienced homelessness, according to a new study from the University of Georgia.
Tom Stanley: He transformed the way we view wealth
It has been a quarter of a century since Thomas Stanley, who received his doctorate in business administration in 1974 from the University of Georgia, wrote the bestselling book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy.” Co-authored with a former student, William D. Danko, the book’s enduring and timeless message was that many wealthy individuals grew rich on an average salary, through hard work, modest spending, careful saving and taking the occasional calculated risk.
Large Number of Americans Reported Financial Anxiety and Stress Even Before the Pandemic
A substantial number of adults in the United States between the ages of 21 and 62 felt anxiety and stress about their personal finances well before the onset of the COVID-19 pandemic, according to a new report published today by the Global Financial Literacy Excellence Center at the George Washington University.
Husbands still seen as the experts on their household’s finances
Men were more likely to be the spouse with the most knowledge of a couple’s finances in 2016 than they were in 1992 – especially in wealthy couples, a new study suggests.
Study Highlights Benefits of Tax Planning For Companies Facing Financial Constraints
A law governing pensions gave business scholars an unprecedented research opportunity to understand the impact of financial constraints.
Partnership fast-tracks Cornell College students to study finance at UI’s Tippie College of Business
The University of Iowa and Cornell College in Mount Vernon, Iowa, have formed a new partnership that will streamline the process for Cornell College students to be admitted to the Master of Science in Finance program in the university’s Tippie College of Business.
Experts to Discuss the Impact of Finance on Society
Academics William N. Goetzmann (Yale) and Russell Wermers (University of Maryland) will explore the past, present and future of financial technologies and institutions affecting society in “Does Money Change Everything,” a free, Feb. 17 webinar hosted by Maryland Smith.
Financial expert offer insight on Gamestop short squeeze
There are a few trends at work with the Reddit/Gamestop short squeeze, according to Daniel McKeever, assistant professor in the School of Management at Binghamton University, State University of New York. The first is the gamification of trading on app-based…
GameStop chaos offers test of post-2008 financial regime
Chaos erupted on Wall Street this week as members of a stock trading group on Reddit collectively bought stock in GameStop and AMC, among others, unexpectedly and exponentially raising stock prices. Robert Hockett is professor of law at Cornell…
‘Little guys sticking it to Wall Street?’ WVU expert explains how Redditors gamed the stock market
MORGANTOWN, W.Va. – One West Virginia University financial expert believes the recent stock surges of GameStop and other companies undermine public confidence in the market and could ultimately harm the economy. A coordinated effort by individual traders on social media…
Rutgers Experts Available to Discuss U.S. Rejoining Paris Climate Agreement
New Brunswick, N.J. (Jan. 20, 2021) – Rutgers University–New Brunswick professors Pamela McElwee and Robert E. Kopp are available for interviews on the announcement that President Biden’s administration will rejoin the Paris climate agreement. In 2017, President Trump announced that the United States would withdraw…
Male-dominated background affects CEOs’ decisions, new study finds
Male CEOs who experienced gender imbalance in their formative years are more likely to promote women into peripheral divisions of their companies and give them less capital, according to a recent study by W. P. Carey School of Business Professor Denis Sosyura.
Could Private Investment Finance Conservation?
A new report called Innovative Finance for Conservation: Roles for Ecologists and Practitioners, explores how private investment could boost conservation in a big way.
Webinar: Social Transmission Bias in Economics and Finance
Maryland Smith and UBS host a discussion on how social transmission bias in economics and finance and how it affects social processes shaping economic thinking and behavior.
‘Overarching concern’ for new EU green bonds: investor appetite
The European Union is poised to create 225 billion euros of green debt by sharply increasing the number of available green bonds to support clean energy growth. Andrew Karolyi is a professor of finance and economics at the Cornell University…
Turn up the thermostat: Lower energy costs, no complaints
A new study from the University of Georgia suggests there is a painless way to reduce energy costs: Turn up the thermostat. Even a degree or two makes a difference.
Study Suggests Financial Holdings Influenced Key Votes For House Lawmakers
A recent study found strong associations between the financial holdings of legislators in the U.S. House of Representatives and how those lawmakers voted on key financial legislation.
Having Clients From Many Industries Hurts Auditing Firm Effectiveness
When an accounting firm has a diversified client portfolio, the quality of the firm’s audits suffers – and the more industry sectors it audits, the worse those audits are.
Does the Federal Government’s “Naming and Shaming” of Colleges with Large Tuition Increases Make a Difference?
A study published in Educational Evaluation and Policy Analysis today found that the U.S. Department of Education’s “naming and shaming” of colleges with large tuition increases does not affect institutional pricing policies or students’ enrollment decisions.
Wall Street Bracing for a Democrat Sweep. (Expert Available)
With President Donald Trump trailing Joe Biden by wider and wider margins in recent weeks, Wall Street has begun to brace for the return of a Democratic White House. Finance professor David Kass, at the University of Maryland’s Robert H.…
Research Affiliates CEO on Leading and Investing in a Time of Uncertainty
As CEO of global asset management firm Research Affiliates, Katrina Sherrerd (Ph.D. ’87) is leading the influential financial services firm through a period of deep global uncertainty, as world financial markets continue to show great volatility amid the coronavirus pandemic.
Finance expert answers key questions during coronavirus pandemic
BUFFALO, N.Y. — As the COVID-19 crisis sweeps much of the world, people are worried not only about their health, but also about their jobs, their portfolios and their future. And while stock prices and markets are not necessarily at…
Todd Roberson, Indiana University Kelley School of Business senior lecturer in finance, can discuss changes to financial markets, including stock markets, bond markets, interest rates and federal policy changes.
Financial markets have been on a wild ride the last few weeks, due in part to COVID-19. W. Todd Roberson, Indiana University Kelley School of Business senior lecturer in finance, can discuss changes to financial markets, including stock markets, bond markets,…
COVID-19 Expert Panel Live Event Series – Media Invited to Attend and Submit Questions, 2 PM EDT Thursday March 12 and 2 PM EDT Monday March 16
redirect to event registration Newswise Live Expert Panel discussion of unique angles to the COVID-19 outbreak of interest to the public and the media, including public health, testing, business and financial markets, 2020 elections, and more. Experts from institutions…
Acquisition of E-Trade a ‘nice win’ for Morgan Stanley
CORNELL UNIVERSITY MEDIA RELATIONS OFFICEFeb. 20, 2020 Acquisition of E-Trade a ‘nice win’ for Morgan Stanley On Thursday, Morgan Stanley announced it was buying E-Trade, an online brokerage with 5.2 million client accounts and over $360 billion in client…
Financial Pressure Makes CFOs Less Likely to Blow the Whistle on Potential Fraud
A recent study finds that corporate financial managers do a great job of detecting signs of potential fraud, but are less likely to voice these concerns externally when their company is under pressure to meet a financial target.
UVA Darden Capital Management Reveals Top Stock Picks That Led Investments to Surpass $20M
After another quarter of impressive returns, Darden Capital Management’s (DCM) assets under management have hit a new milestone, surpassing $20 million at the close of 2019. The assets are managed entirely by students at the University of Virginia Darden School of Business and represent an important piece of the School’s endowment.
Closing the Gender Gap in VC Funding
Raising venture capital isn’t for the faint of heart, but the challenges are magnified for female founders. UVA Darden professors Saras Sarasvathy and Elena Loutskina share insights on barriers women face to raising risk capital and how to overcome them.
@KathleenDay @JohnsHopkins Expert Available to Discuss Legacy of Paul Volcker
Kathleen Day, a Johns Hopkins Carey Business School finance expert who often interviewed Paul Volcker in her work as a journalist and author, is available to speak with media members about the late chairman of the Federal Reserve and his…
Can ethics be taught? Study offers first large-sample evidence of the effect of ethics training on financial sector behavior
New research from Notre Dame offers the first large-sample study on how rules and ethics training affects behavior and employment decisions in the financial sector.
The Chinese Economy: Regulation vs. Shadow Banking
Shadow banking is on the rise in China. This begs some important questions. Among them: Why? How is the shadow banking scene different in China vs. the U.S.? Do government regulations do what they intend to? Given the nature of shadow banking and the importance of the Chinese economy to the global economy, the situation bears examination.
Affordable Care Act good for hospitals’ fiscal health
Interest rates on healthcare municipal bonds significantly decreased due to the ACA, according to a study from the Government Finance Research Center at the University of Illinois at Chicago.
Business Roundtable’s new definition for the “purpose of a corporation” is a PR initiative in anticipation of negative stock returns, expert says
The Business Roundtable’s new statement on the “purpose of a corporation” is nothing more than a PR move in anticipation of a looming recession, says Binghamton University financial expert Daniel McKeever. “I am highly skeptical that there is any real…