Professor Paul Griffin is a leading international authority in accounting and financial information and disclosures. In this blog, he discusses the practical applications of his recent study on environmental disclosures, advising executives how to leverage the data for maximum impact
Recently, I worked with Yuan Sun of UC Berkeley to release a study showing that companies that released information about their greenhouse gas emissions and carbon reduction strategies saw their stock values rise. We tracked stock prices of firms around the time these companies voluntarily issued press releases disclosing carbon emission information. In the days following the press releases, these companies experienced a significant increase in their stock price.
Professor Shannon W. Anderson is an expert on the design and implementation of performance measurement and cost control systems. Her research spans the fields of management accounting and operations research. She has been using the “Moneyball” case in her MBA classes for several years. In this post, she offers an overview of how she applies it to business today.
Moneyball has become a metaphor for everything in business today: it touches heavily on concepts related to budgeting, data analytics and productivity. The movie is about how Oakland A’s General Manager Billy Beane revolutionized the process of scouting new baseball players on a budget by employing computer-generated analysis to sign new players and when best to put them in the line up. Brad Pitt was recently interviewed by NPR about making Moneyball and his role as Billy Beane. The interview provides snapshots of critical moments in the film that help put my points below in perspective.
Brad Barber, Gallagher Professor of Finance at the UC Davis GSM, is an authority on investor psychology, and has done extensive research on gender-related overconfidence in stock trading. In this blog, he discusses gender differences in investing and provides recommendations to the financial advisory industry to adjust their services to appeal to the growing number of female investors.
Why are men more willing to take risks when it comes to investing? Empirical observations conclude that men have a greater appetite for risk. Studies on investor behavior indicate that men are more tolerant of risk than women. For example, studies indicate men allocate a greater proportion of their investment portfolio to stocks rather than bonds. What-is-more, the stocks men choose tend to be riskier (more volatile with greater market risk). All of this suggests that men are more comfortable taking on higher risk. We do not yet understand whether these differences in risk appetite between the genders can be traced to nature or nurture. Are women innately more cautious than men or do environmental factors govern these differences. This question remains an area of ongoing research, and, though the jury is still out, I suspect both nature and nurture are important factors.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.