Posted in Knowledgebase, Research News on Sep 21st, 2011
STANFORD GRADUATE SCHOOL OF BUSINESS — It was the wildest of wild rides. In mid-January of 2007, crude oil futures on the NYMEX Exchange closed at $52 a barrel. Eighteen months later, a relentless climb had pushed prices to an all-time, inflation-adjusted high of $145 a barrel. World markets panicked, and analysts predicted that we’d [...]
Posted in Research News on Aug 23rd, 2011
Consumers are likely to run out and spend stock dividends while income from capital gains is more likely to be reinvested or saved, says the Business School’s Stefan Nagel and his coauthors. The finding could be considered in setting economic policy.
Posted in Research News on Aug 9th, 2011
Finance professor Stefan Nagel and his co-author have demonstrated that personally experiencing something like the Great Depression has a significant impact on how we invest our money.
Posted in Knowledgebase, Research News on Aug 4th, 2011
STANFORD GRADUATE SCHOOL OF BUSINESS — For most private sector workers in the United States today, very little is guaranteed in old age. Beyond Social Security, retirement income depends largely on how well workers do in accumulating and managing their own retirement savings through 401(k)-style plans. By contrast, employees of state and local governments are [...]
Posted in Knowledgebase, News, Research News on Jun 24th, 2011
STANFORD GRADUATE SCHOOL OF BUSINESS – “Executive compensation may be the lightning rod for shareholders in the wake of the financial crisis, but the truth about how pay should be structured is clouded by a lot of popular myths,” says David Larcker, who is James Irvin Miller Professor of Accounting and Director of the Corporate [...]
Posted in Knowledgebase, Stanford Business magazine on May 24th, 2011
STANFORD GRADUATE SCHOOL OF BUSINESS – Recent books by faculty at the Stanford Graduate School of Business include the selected works of Nobel laureate William Sharpe, a look at communication across academic disciplines by Myra Strober, and two books on human “bounded rationality” in politics by Jonathan Bendor. A book on corporate governance is due [...]
Posted in Knowledgebase, Research News on Jan 20th, 2011
STANFORD GRADUATE SCHOOL OF BUSINESS — When it comes to corporate defaults, the current recession is, as of now, child’s play in comparison not only to the Great Depression, but another little-recalled period: the railroad crisis of 1873–1875. New research from Stanford shows that over the past 150 years, the U.S. corporate bond market has [...]
Posted in Research News on Dec 10th, 2010
STANFORD GRADUATE SCHOOL OF BUSINESS — Since World War II, financial institutions have come to own a far greater proportion of stocks than private households have. Just after the war, individual citizens owned 90% of the stock market; by 2006, they owned only 30%. And the trend is not restricted just to the United States. [...]
Posted in Knowledgebase, Research News on Nov 18th, 2010
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 temporary shock that can affect a [...]
Posted in News, Research News on Nov 9th, 2010
Text of Letter Published in Financial Times, November 9, 2010 The Basel III bank-regulation proposals that G20 leaders will discuss fail to eliminate key structural flaws in the current system. Banks’ high leverage, and the resulting fragility and systemic risk, contributed to the near collapse of the financial system. Basel III is far from sufficient [...]
