News
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Is Facebook’s new Libra currency a play to become the world’s banker?Cybersecurity and privacy expert Mike Chapple, an associate teaching professor of information technology, analytics and operations at the University of Notre Dame’s Mendoza College of Business, said Libra’s design may preserve the privacy of transactions, preventing outsiders from peering in, but Facebook’s role gives the company the ability “to penetrate that veil of privacy.”
Washington Post -
Facebook’s new cryptocurrency won’t protect user privacy from the company, expert saysFacebook will launch a global cryptocurrency called Libra in 2020, alongside the underlying blockchain-based network—a secure, transparent and decentralized digital lender—that will support it. Mike Chapple, associate teaching professor of information technology, analytics and operations at the University of Notre Dame's Mendoza College of Business, says the Libra project promises to address many of the fundamental barriers that have stopped the widespread adoption of Bitcoin and other cryptocurrencies.
Phys.org -
Could Japan be Trump’s next trade war victim?Finance professor Jeffrey Bergstrand was quoted in an NBC article about the economic impact President Trump's policies may have on Japan. According to Bergstrand Japan used to be 67 percent of the US economy and is now about 40 percent due to Japan's slower growth rate.
NBC News -
Taking Social Security numbers public could fix our data breach crisisMike Chapple, associate teaching professor of information technology, analytics and operations, wrote an op ed for CNN business about a data breach suffered by the American Medical Collection Agency that exposed the personal information of millions of patients, including Social Security numbers, bank information, and medical records. Chapple says this isn't something new and one way to break the cycle might be to publish all active Social Security numbers.
CNN Business -
After the flood of IPOs? Next come the shareholder lawsuitsLyft and Eventbrite are among the crop of newly public companies facing litigation after their IPOs. The risk factors sections for S-1 filings have grown larger in the last 20 years in an attempt to avoid lawsuits. Finance professor Timothy Loughran is quoted in an article for Inc., saying, "Painting a pessimistic picture of what could happen in the future can only help in the event of a lawsuit."
Inc. -
Executive compensation: Is it corrupted?Bernard J. Hank Professor of Finance and Dean of Mendoza Martijn Cremers' co-authored research paper was published on the Columbia Law School's blog on corporations and the capital markets.
The CLS Blue Sky Blog -
Study shows concerns often not offered or accepted in close employee-manager relationships"Who Says There's a Problem? Preferences on the Sending and Receiving of Prohibitive Voice" is forthcoming in Human Relations from Charlice Hurst, assistant professor of management and organization, and Ken Kelley, Edward F. Sorin Society Professor of IT, Analytics, and Operations in Notre Dame's Mendoza College of Business. The study examined when employees engage in prohibitive voice and when leaders listen.
Phys.org -
Morgan Stanley’s Teflon banker chases next deal after Uber flopsProfessor of finance Timothy Loughran was quoted in a Bloomberg article about Michael Grimes, Morgan Stanley's premier tech banker. “Morgan Stanley’s large wealth management business gives them an enormous competitive advantage over rivals like Goldman in pitching for IPOs,’’ says Loughran.
Bloomberg -
Uber is sliding after its IPO, and Main Street traders who struggled to invest dodged a bulletProfessor of finance Timothy Loughran was quoted in a Business Insider article about the highly anticipated initial public offering of Uber, the popular ride-sharing app. The typical retail investor missed out on early price action as shares hit the market, however Uber's stock opened below its initial offer price, and stayed lower in early trading.
Business Insider -
Why ‘Staggered’ boards are paying off for stock investorsMendoza College of Business Dean and the Bernard J. Hank Professor of Finance Martijn Cremers' research was used in a Fortune Magazine piece about the benefits of staggered boards at publicly held companies. Cremers and his co-researchers found that "firm values" increased under a staggered structure for companies that changed their boards from unstaggered to staggered.
Fortune