A decade before the 1929 stock market crash there was a booming real estate market in New York City that Assistant Professor Anna Scherbina says resembles the housing bubble of the 1990s and 2000s.
In a recent radio interview, Scherbina discussed an index of home prices in Manhattan between 1920 and 1939 that she and Associate Professor Tom Nicholas of the Harvard Business School collected by hand from the Manhattan Public Library archives. This data set is informative because the housing market in Manhattan represented 5% to 10% of all the U.S. real estate wealth at that time.
As late as November 2009, President Obama’s proposal to limit tax breaks for charitable gifts and other itemized deductions to help pay for a health-care overhaul had gone nowhere in Congress, largely due to fears that limiting charitable tax deductions for wealthy people would dampen giving at a time when charities are under severe strain because of the recession.
Companies that generate high levels of cash flow might appear to be a solid market investment. However, finance researchers have shown that when companies build up more cash flow than they need, errant managers tend to spend the excess unwisely, which can actually drain shareholder value.
Established in 2006, with a challenge grant from the California Clean Energy Fund and Professor Andrew Hargadon as founding director, the UC Davis Energy Efficiency Center (EEC) is the first university-based organization to focus on the transfer of energy saving technology into the marketplace.
Assistant Professor Gina Dokko, who joined the School’s faculty in July, spent the summer presenting her latest research in the U.S. and Europe, traveling to the 25th EGOS Colloquium in Barcelona, Spain, and the Academy of Management conference in August in Chicago.
Female representation on company board seats and in executive positions in the business world has not moved forward as hoped, but by some measures, it is slowly losing ground again. Wendy Beecham, CEO of the Forum for Women Entrepreneurs & Executives is quoted from a recently released study by University of California at Davis.
When it comes to the nation’s efforts to curb global warming, few places are more important than Sacramento; it is here that California’s groundbreaking laws and regulations are written. Dean Steven Currall is quoted in this article.
UC Davis Graduate School of Management study last year noted that even as the number of women in the workforce increased over the past year, the percentage of women in the corporate boardroom of California’s top 400 publicly traded companies dropped from 10 percent to 9.8 percent. Nearly half of the 400 companies, including Carlsbad’s Callaway Golf, have no women on their corporate boards.