In the News
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.”
This article about corporate governance cites Professor Brad Barber’s research on the California Public Employees Retirement System (CalPERs).
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.
Professor Andrew Hargadon shares his thoughts on idea networks and innovation on the Dot Earth blog as they relate to an earlier post about the company Ecovative, which uses fungi to create custom packaging and a bio-degradable solution to foam.
This article explains the recent study “Going Green: Market Reaction to CSR Newswire Releases” by Professor Paul Griffin. “A lot of people were saying we need to engage in a climate change strategy,” said Griffin, “but there was little or no evidence that this was improving shareholder value. We wanted to look at whether there was an association between voluntary disclosure and shareholder price.”
This article puts Professor Paul Griffin’s study “Going Green: Market Reaction to CSR Newswire Releases” into a larger context of other research about how the market reacts to companies’ sustainability. “It’s a transparency issue,” said Griffin. “(On average), it’s ok to go ahead and do these and not be fearful the market will misinterpret them or take them the wrong way.”
Watson’s New Job: IBM Salesman
The Jeopardy-playing computer pays its way by helping to sell products
In this article, Professor Hemant Bhargava was asked about how IBM might market their Watson supercomputer, the artificial intelligence system that last February beat two Jeopardy! champions. IBM has said Watson would soon help doctors diagnose illnesses and maybe help out on the sales floor.
Sacramento Mayor Kevin Johnson, a former NBA All-Star, and others are pushing a plan to auction off the city’s parking spaces to a private firm in order to collect around $200 million towards building a new arena for the Sacramento Kings. The Huffington Post asked Professor Victor Stango about the value of an investment to keep the NBA team.
Professor Andrew Hargadon discusses Ecovative Design, a company which uses fungi to create custom packaging and a bio-degradable solution to foam, on the Dot Earth blog. He compares their work to that of MicroMidas, a West Sacramento-based company that produces biodegradable plastics out of organic wastewater streams.
The recent Graduate School of Management’s “2011 UC Davis Study of California Women Business Leaders” sparked this article in which writer Lisen Stromberg sits down to dinner with five trailblazing women in business to talk about what it was like at the start of their careers.
This article cites Professor Brad Barber’s research about investor overconfidence. From 1991-1996, Barber and co-author Terrance Odean set upon a study of more than 66,000 households with brokerage accounts to look for a pattern of overconfidence in common stock purchases. Their hypothesis was that overconfident investors would tend to turn over their portfolios more frequently than those who were less confident.
This article reports on Professor Paul Griffin’s study,”Going Green: Market Reaction to CSR Newswire Releases,” which examined stock prices of companies that publicized their strategies to reduce greenhouse gas emissions. The study found that after the announcements, companies had higher stock prices.
This article reports on Professor Paul Griffin’s recent study, “Going Green: Market Reaction to CSR Newswire releases,” which found that in the days after firms voluntarily released emission information, their stock prices increased significantly.
This article discusses Professor Paul Griffin’s recent study, “Going Green: Market Reaction to CSR Newswire Releases” in which he shows that stock values rise when companies disclose their sustainable practices.
This recent article cites Professor Ayako Yasuda’s 2010 study “The Economics of Private Equity Funds” in which she and her co-authors found that the buyout business is more scalable than
the venture capital business, and that past success has a differential impact on the
terms of their future funds.
This article cites Professor Paul Griffin’s recent study, “Going Green: Market Reaction to CSR Newswire Releases” and compares the study’s findings with efforts to put pressure on companies to disclose greenhouse emissions and to develop strategies to reduce them.
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.
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 University of California is launching the Summer Institute for Emerging Managers and Leaders fellowship program for students from historically black colleges and universities through six business and management schools. This article reports that the Graduate School of Management will be one of the fellowship’s host schools.
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.