A University of California Davis study concludes that proposed federal rules could cost shareholders billions of dollars.
The study, led by UC Davis Graduate School of Business professor Paul Griffin, examines the costs of requiring businesses to disclose use of minerals from nations linked to human-rights abuses.
This article cites Professor Brad Barber’s research which showed that active trading is really a loser’s game. “Their bottom line: ‘The more you trade the less you earn.’ Buy-and-hold investors in their research turned over their portfolios just two percent a year. Active traders churned their portfolios an average of 258 percent annually, but their net returns were a third less than their buy-and-hold competition.”
Going to business school and making the world a better place are not incompatible. MBA students Keith Weissglass, Adam Baillie, David Fisher, Emma VanGenderen and Evan Howell, who are representing UC Davis in the finals of the Hult Global Case Challenge later this month, wrote this article about what it means to do both.
Sleep Train Inc. was among the first companies to advertise with Rush Limbaugh when he began his radio career, and the company was also among the first to pull out following his controversial statements on air. In this article, Assistant Professor Olivier Rubel says that advertisers who pull out later face less risk of backlash than those who respond first.
This article cites Professor Brad Barber’s research, which showed that men’s investment portfolios tended to suffer from their overconfidence.
This article about the recent investment forecast released by the state employees pension fund, CalPERS, quotes Professor Brad Barber, who in 2006 authored a study evaluating CalPERS shareholder activism.
Professor Brad Barber’s research that showed trading is hazardous to your wealth makes one reason why Wall Street will hit bottom, according to this article from MarketWatch.
In this blog post, Professor Andrew Hargadon discusses how the interdisciplinary culture carried on since UC Davis was founded as a land grant institution—with its mission to diffuse practical agriculture, science and engineering knowledge—makes it the ideal place to solve today’s sustainability challenges.
UC Davis MBA Students Get Fired Up at 2012 Ignite Entrepreneurial Conference in Boston
Dean's Advisory Cabinet Member Jack Gill Hosts Mentorship Program
While waiting for the first speaker at the 2012 Ignite Entrepreneurship Conference in Boston, UC Davis MBA student Nandhini Raghunathan scanned the on-screen testimonials from previous attendees. “By the end of the third day,” she said. “I could see what each and every one of those comments meant.”
In this article about the recent Rush Limbaugh controversy and how it reflects the social media marketing landscape, Assistant Professor Olivier Rubel says that if you are the online data backup provider Carbonite, for example, and you also invest heavily in online media, the Limbaugh controversy increases the risk that you will get pulled in.
Arguing that women investors almost always outperform their male counterparts, this article cites Professor Brad Barber’s research on gender as it relates to investment overconfidence.
This article cites Professor Brad Barber’s research with Terrance Odean which showed how mens’ overconfidence leads to too much trading, which results in lower returns. “Barber and Odean found that while both men and women were hurt by excessive trading, for men the damage was worse, with men reducing their net returns by about 1 percentage point more a year than women.”
UC Davis Graduate School of Management Team Wins Energy Track at Hult Global Case Challenge Regional in San Francisco
MBA Team Advances to Finals in $1 Million Global Poverty Challenge
(Davis, CA) — A team of five UC Davis Graduate School of Management MBA students won the energy track of the 3rd Annual Hult Global Case Challenge’s regional finals in San Francisco on Saturday with their solution to help SolarAid get off-grid solar power and light to 1 million rural African households by the end 2013.
Professor Andrew Hargadon recently partnered with local entrepreneur Anthony Costello to found Davis Roots, a nonprofit business accelerator with the goal of helping start-ups get up and running and keep them in Davis. This article examines how Davis Roots fits in with the local business economy, and how having a place for young businesses on the U.C. Davis campus can help build a community that sticks around.
This article about the venture capital industry in the current economic and political climate cites Associate Professor Ayako Yasuda’s 2010 study “The Economics of Private Equity Funds” which found that private-equity firms now get around two-thirds of their revenues from fixed fees, regardless of performance.
(Davis, CA) — A UC Davis study finds that it pays to be green, as companies that are open about their greenhouse gas emissions and carbon reduction strategies see stock values rise.
Graduate School of Management Professor Paul Griffin and his co-author, Yuan Sun of UC Berkeley, tracked stock prices of firms around the time these companies voluntarily issued press releases disclosing carbon emission information. In the days after the press releases were issued, the companies saw their stock prices increase significantly, Griffin and Sun found.
This article about the value of the private equity industry cites the research of Associate Professor Ayako Yasuda, who found in her study “The Economics of Private Equity Funds” that among their sample funds, about two-thirds of expected revenue comes from fixed-revenue components that are not sensitive to performance.
The success of Harvard’s endowment in recent decades helped popularized a new approach to university endowment investing that generated enormous gains. But when the 2008 financial crisis hit, Harvard’s fund took a bath and exposed weaknesses in its asset management approach. Harvard’s experience offers lessons for financial advisors increasingly interested in alternative investments. Professor Brad Barber’s latest research is cited in the article.
Savvy investors who follow short sellers to predict bearish news about a company’s stock — and sell their stocks in that company to avoid losses – should keep an eye on the company’s bonds as well, a new UC Davis study suggests.
UC Davis Graduate School of Management Moves Forward on Diversity Plan
Historically Black Colleges and Universities Students to Participate in UC Program for Emerging Managers and Leaders
(Davis, CA) — The UC Davis Graduate School of Management has launched a School-wide diversity plan led by newly appointed Chief Diversity Officer Linda Oubre.