In the News
This article about the financial press cites Brad Barber’s 2000 study, “Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors.”
In 2010, the SEC asked the Library of Congress to produce a list of the most typical ways investors shoot themselves in the foot. This article cites Brad Barber’s research that found active traders have lower returns.
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.
The basic idea behind Davis Roots is to help good ideas grow into companies—ones that would be located in or near Davis. Andrew Hargadon (pictured) co-founded Davis Roots with Anthony Costello, and on this edition of Davisville, Hargadon explains how the new nonprofit “accelerator” will work.
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 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.”
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.