Hedge Fund Activists' Real Returns
New research shows that stock-price jumps following hedge fund activism are the result of genuine productivity gains, not mere financial engineering.
A Better Standard for Credit Risk
A new metric uses publicly disclosed bank information to better predict credit losses from loans.
Could Uncertainty Cause a Recession?
New research explores whether asymmetric information about corporate assets could have been the sole cause of the recent crisis.
Caution on Cocos
Research suggests that mandatory contingent convertible bonds with a market trigger may not address the problem they were designed to solve.
Will China Slow Down? Not So Fast.
After three decades of barely-checked expansion, the world is waiting for China's economy to run out of steam. Shang-Jin Wei argues that China's unique features will likely help it offset some of the slowing forces and maintain speed for the next decade.
Risk, Innovation, and Social Value
Bruce Kogut, the director of the School's Sanford C. Bernstein & Co. Center for Leadership and Ethics, discusses the center's latest perspective about making the financial sector work for Wall Street and Main Street after the financial crisis.
Luring the Informed Investor
Does investor sophistication correlate with firms’ disclosure activities?
The Price of Inattention
A new study provides evidence that some investors read old news as new — and get taken advantage of by savvier arbitrageurs.
Who Rules the World, and How?
In a new book, Bruce Kogut discusses how network science reveals the small worlds and clubs behind the exercise of corporate governance.