In the News
The Street discusses Professor Marquez’s latest research which suggests that low interest rates were largely responsible for priming the near-collapse of the U.S. banking system in 2008.
What drives a city to thrive or fail? “Evangelist of Entrepreneurship”, Carl Schramm offers his insight on the issues that have plagued our failed cities, as well as, what can be done to restore them to prosperity.
The boom in oil and natural-gas production in many parts of the country has helped position the United States as a net exporter of energy, and California is increasingly part of that trend. Amy Myers Jaffe, executive director of energy and sustainability at UC Davis, said that oil companies are using environmental restrictions in the U.S. as an excuse to export gasoline to other countries.
In their recent paper “Do (Some) University Endowments Earn Alpha.”, Professor Brad M. Barber and Ph.D. student Guojun Wang looked at the long-term performance of university endowments and found no evidence that manager selection, market timing, and tactical asset allocation generated a higher return than the overall stock and bond markets.
Oil and refining companies operating in California are lobbying the Legislature and state agencies to either significantly cut back or repeal California’s low-carbon fuel standard, which requires the transportation sector to reduce its carbon intensity 10 percent by 2020. “They believe they can game the system,” said Amy Myers Jaffe, executive director of energy and sustainability at UC Davis. “There is a benefit in both the [renewable-fuel standard] game and in California to just not comply because you have incumbent infrastructure.
Amy Myers Jaffe, executive director of energy and sustainability for UC Davis, writes about how the age of gas will bring greater flexibility and resilience.
The End of OPEC
Forty years after the Arab oil embargo, new technologies are dramatically reshaping the geopolitics of the Middle East.
Forty years have passed since the Arab oil embargo went into effect on Oct. 16, 1973, triggering a period of incredible change and turmoil. But four decades later, the shoe may finally be on the other foot. Now, on the 40th anniversary of the 1973 embargo, the United States has a historic opportunity to lead a counterrevolution against the energy world created by OPEC as innovation in the U.S. energy industry looks poised to end the decades-long, precarious “dependence on foreign oil.” Professor Amy Jaffe and Ed Morse explain.
Amy Myers Jaffe writes about the relationship between oil prices and competitive oil substitutes. History would argue that oil is a cyclical industry and that prices above competitive substitutes for oil invite fuel switching. Evidence is mounting that such substitution is already taking place.
More than 700 people are expected to attend the combined CleanStart and AgStart Showcase on Oct. 16 at the McClellan Conference Center.
Put on by the Sacramento Regional Technology Alliance, the daylong showcase will feature speakers, presentations by promising companies and discussions about growing businesses.
University of California Davis Professor Andrew Hargadon will give a presentation on entrepreneurship.
For years, the University of California, Davis, has turned out a steady stream of young entrepreneurs, many of whom take their talents, and their ventures, to the startup-rich Bay Area. Anthony Costello and Professor Andrew Hargadon, two business experts with deep Davis ties, want to see more of those fledgling enterprises stay nearer to the nest.
Breaking Into the Boys’ Club
The author of a new book on women in the boardroom talks about the obstacles women face and how to overcome them.
Last month, the California Legislature unanimously passed a resolution giving corporations a nudge. By 2016, the resolution declared, California public companies with more than nine members on their boards should have at least three women directors. It is the first such declaration by any U.S. legislature. And it is part of a global push for gender diversity in business.
The UC Davis Census and Dean Currall are cited.
Amy Myers Jaffe, executive director of energy and sustainability for UC Davis, writes about how oil is a cyclical industry and that prices above competitive substitutes for oil invite fuel switching. She talks about how evidence is mounting that such substitution is already taking place.
As the Legislature wound down its session last month, sending the governor a flurry of bills, lost amid the din of last-minute lobbying and debate was the near unanimous passage of the first resolution in the nation urging public companies to add more women to their boards. In his op-ed, Dean Currall comments on the importance of diversity in boardroom and the positive effect that this new resolution will forward.
Something quietly happened this summer amid all the hoopla surrounding Tesla’s soaring stock price and Elon Musk’s next visions that puts both the panacea hypothesis in stark relief and our efforts to promote sustainable innovation in context, according to UC Davis Graduate School of Management Professor Andrew Hargadon in his series for Capital Public Radio.
For much of the past decade, venture capitalists showered dollars upon clean-technology startups with promising-sounding ideas in areas like solar, electric cars and biofuels.
That era appears to have ended. Professor Hargadon comments on clean tech and the funding shift.
“When you map out what makes venture capital work, and you map out what the clean-tech sector is like, it doesn’t fit very well. Companies take a long time to grow. Customers don’t turn over (to new energy products) that fast,”
- Professor Andrew Hargadon.
As the number of EV users expands, congestion at public charging stations is inevitable. So what are the accepted norms for plugging in your car in a public station. Amy Jaffe discusses the topic.
UC Davis Graduate School of Management Professor Donald A. Palmer writes an article based on his book, “Normal Organizational Wrongdoing.” The dominant perspective on organizational wrongdoing considers it to be an abnormal phenomenon; behavior that is rare, clearly aberrant, perpetrated by people who are abhorrent, and produced by a narrow range of out of whack organizational arrangements. However, new emerging theory and research on organizational wrongdoing present a fundamentally different perspective.
Financial Times’ chief economics editor Martin Wolf cites study by economist and GSM Professor Alan Taylor that shows that the U.K.’s 2013 GDP will be about 3 percent smaller than it would have been without the British government’s austerity measures.
How will China change the global energy equation in the next five years? In this latest installment of the WSJ experts series, Amy Jaffe, executve director of energy and sustainability, discusses China’s rise in involvement in oil-producing countries and the geopolitical impact this new dynamic will potentially create.