News
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Study shows independent, private firms pollute less than public firmsPrivate, independent firms are less likely to pollute and incur EPA penalties than public and private equity-owned firms, according to new research from finance professors Sophie Shive and Margaret Forster. The study offers preliminary research into how finance can help mitigate climate change and sheds light on the debate about which type of corporate structure is better for reducing the "tragedy of the commons."
Phys.org -
Independent, private firms pollute less than public firms, study showsFinance professors Sophie Shive and Margaret Forster's new research examines how finance could help mitigate climate change and sheds light on the debate about which type of corporate structure is better for reducing the “tragedy of the commons.”
Shannon Roddel -
Facebook’s Libra might be the best bet for cryptocurrencyFinance Professor Bill McDonald analyzed Facebook's whitepaper on Libra, a new, simple global currency and financial infrastructure that is intended to empower billions of people. McDonald, the Thomas A. and James J. Bruder Chair in Administrative Leadership at Notre Dame’s Mendoza College of Business, previously worked as a vice president at the Schwab Center for Investment Research in San Francisco during the Internet boom/bust, and he has consulted for major investment banks, brokerages and stock exchanges, and served as an expert witness.
Carol Elliott -
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 -
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 -
The IPO market heats up: What investors need to knowFinance professor Timothy Loughran and Wharton’s David Wessels discuss in a podcast what investors in tech IPOs need to know.
Knowledge@Wharton -
Trump’s Fed nominee faces broad backlashAssistant teaching professor of finance Jason Reed was quoted in a Financial Times story about Federal Reserve board nominee Stephen Moore. Economists say the choice of Stephen Moore is an attack on the independence of the central bank.
Financial Times -
Signing Mike Trout: The most expensive contract in sports history is a bargain, expert saysFinance professor Richard Sheehan says Mike Trout's 12-year contract extension, said to be worth a record $426.5 million, is a bargain for the Angels if how long Trout can perform at his current level is taken into account.
Shannon Roddel -
Is there a case for actively managed funds?Finance professor and interim dean Martijn Cremers is quoted in a Barron's article on whether actively managed funds are still useful. Passive investing has gained popularity over the years thanks to lower fees than active funds.
BARRON'S -
Is now the time for active investing to make a comeback?Lower fees and rising volatility are making active management more competitive, supporters say. But critics say the odds are on the side of passive investing. Martijn Cremers, interim dean and professor of finance at Mendoza and a consultant to investment management firms, argues in favor of active management.
Wall Street Journal