New Bull Record in 2013 or Crash Over a Bear Cliff?
Commentary: 10-part test: Rational Investing in Irrational Markets
Finance professors Terry Odean and Brad Barber studied 66,400 Wall Street investment accounts and concluded: “The more you trade, the less you earn.” The returns of passive investors (2% annual turnover) actually beat active investors (258% turnover) by 50%.
Written by Amy Myers Jaffe
The reelection of President Barack Obama is good news for the U.S. pursuit of energy independence. That’s because the President is unlikely to take any major steps to ban shale drilling operations in the United States but is more likely than contender Mitt Romney to stay the course on accelerated time lines for higher efficiency standards (CAFE) to 54.5 miles per gallon by 2025
Believe It or Not, Social Responsibility and Green Advocacy Can Improve Oil Company Stock Performance
Written by Amy Myers Jaffe
Authors Paul Griffin and Yuan Sun demonstrate in their new paper a reliable association between companies’ CSR disclosure intensity and political interests. The authors work supports the notion that when the political interests of managers and stakeholders noticeably converge it encourages significantly higher voluntary CSR intensity.
Researchers found that companies were more likely to make social responsibility disclosures if they were headquartered in a state that traditionally has voted Democratic in national elections.
“Especially for smaller public companies, if the firm has been active in disclosing corporate social responsibility measures and if the individuals in the company are politically active, there’s a good chance you will do better in the stock market if you invest in that company,” said Professor Paul Griffin.
Energy expert Amy Myers Jaffe said fuel exporting removes gasoline and diesel that would otherwise be available to the market to mitigate price spikes.
“There is no such thing as ’surplus gasoline,’” said Jaffe, executive director of energy and sustainability at UC Davis. “It’s a little like saying you are only going to take water from the shallow end of the pool. If I take water out, there is less water in the pool.”
What’s Gone Wrong With H-P?
A Lengthy Turnaround Plan Will Require CEO Stability, Responsible Spending and Refresh of Products
It’s a common charge — Silicon Valley is “a boys’ club.” However, it’s not just a spurious claim. A 2011 University of California, Davis, study, entitled “California Women Business Leaders,” shows that “women hold 1 in 9 of the top corporate spots” in the state’s 400 largest companies. And according to a report at SFGate: “Silicon Valley is the most male-dominated of any region. In last year’s study, of the 113 firms in [the area], 42 had no women on the board of directors or in the top five highest-compensated positions.”
Will This Study Swing The Presidential Election?
With the Presidential election so close and days away, a new University of California study could have an impact.
Imagine finding a relationship between company managers’ political contributions, voluntary disclosure and increased shareholder value? The study by the University of California Davis’s research team led by Paul Griffin ‘show positive results by documenting a significant association between corporate political contributions and excess stock return’. Basically, Democratic managers of companies that contribute to Democratic political campaigns that voluntarily disclose their CSR activities enjoy a 4.5% positive mean excess return over a three-month period. The research
Companies that tout social responsibility and whose managers contribute to political action committees tend to provide higher returns to shareholders, suggests a new University of California, Davis, study.
Lucas Arzola, founder and CEO of Inserogen, a biotech start-up and past winner of our Big Bang! Business Plan Competition, featured in op-ed by Chancellor Linda Katehi and Rep. Jackie Speier calling for resolution of the stalemate in Washington threatening sequestration of federal research dollars.
Individual Investors Are Destroying Their Wealth
Commentary: 7 sins that individual investors commit
MarketWatch draws upon a 2011 study by Brad Barber of UC Davis and his colleague Terrance Odean of Berkeley on individual investors’ behavior to identify the 7 deadly sins that individual investors commit.
Following the closure of two large businesses – and after years of financial instability – Sacramento City Hall is talking about changing its business culture.
Councilman Jay Schenirer today unveiled a list of proposals aimed at improving the city’s economic condition. Schenirer was flanked by regional business leaders, three council members, City Manager John Shirey and Mayor Kevin Johnson.
Most Sun-Stache-wearing Beliebers still haven’t heard of the Levich’s company. But that’s probably okay, says Assistant Professor Hema Yoganarasimhan.
A Sacramento councilman says it’s time for the city to change the way it treats businesses.
Councilman Jay Schenirer unveiled proposals Tuesday to improve the city’s economy. Schenirer was flanked by regional business leaders, three council members, City Manager John Shirey and Mayor Kevin Johnson.
At a time of high-frequency robotic trading, market volatility and elephantine economic uncertainty, joining forces with your family and neighbors for an investment club might sound like a sucker’s game.
Despite a significant, long-term shortage of grapes and economic pressures that are putting the squeeze on profit margins, two surveys recently conducted by the University of California at Davis reveal that wine industry leaders are cautiously optimistic about the future.
Researchers at UC Santa Cruz have been awarded a five-year $4.5 million grant from the National Science Foundation to fund clean energy research and educational programs.
The grant will build on a partnership the university has with UC Davis and two Danish universities.
The proposal for a pipeline to carry oil extracted from tar sands in Canada to refineries on the Gulf Coast of the U.S. is likely to remain a focus of political debate in this election season.
Venezuela ranks fourth as a supplier of U.S. oil imports after Canada, Saudi Arabia, and Mexico. But, the United States could have gotten these oil imports from our northern neighbor, Canada, as early as next year if the Obama Administration had approved the Keystone XL pipeline when first requested to do so.