In the News
In a landmark paper titled “Trading Is Hazardous to Your Wealth,” finance Professors Brad Barber and Terrance Odean tracked thousands of small investors and found a consistent pattern: those who traded a lot performed miserably, and those who traded less did much better. When it comes to investing, lethargy works.
How UC Davis can help make the Sacramento region visible as the fourth economic powerhouse in the state in the league of San Diego, Los Angeles and the Bay Area? Professor Steve Currall is heading up the effort as the chancellor’s senior adviser for strategic projects and initiatives.
Professor David Bunch said the best that consumers can hope for is automation that operates with the same responsiveness — and attractiveness — as the sci-fi, super-smart operating system voiced by Scarlett Johansson in the 2013 movie “Her.” “Would you prefer to speak with Scarlett Johansson?” Bunch asked. “I’d prefer to speak with Scarlett Johansson.”
Research by Professor Kimberly Elsbach, has shown that women are not only more prone to cry at work, but they are also more prone to be judged more harshly, particularly by men, as it makes men uncomfortable.
Amy Myers Jaffe, executive director of energy and sustainability, said from Davos that the Saudi Kingdom signaled the change of leadership, citing a January 6, 2015, speech that Prince Salman read on behalf of King Abdullah defending Saudi Arabia’s oil market strategy.
“Improved funding levels are ‘good news’ because they are moving in the right direction,” says Professor Brad Barber, who has studied public pension funds. “But the bad news is that given the current assumptions, there are still not adequate assets to fund the liabilities.”
Though it may not look like it, a stable poverty rate is consistent with anti-poverty programs that work, says Dean Ann Huff Stevens, who also directs the UC Davis Center on Poverty Research.
Star Stock Analysts’ Tips Are Worth a Lot
Study Finds a Real Advantage, but Investors Have to Act Right Away
Star stock pickers really can beat their peer analysts, but you’ll have to trade fast to profit on their recommendations, Professor Ayako Yasuda tells the Wall St. Journal, based on her research.
Plenty of people maintain that constraints aren’t conducive to competition or creativity. Worrying about what to say and what not to say is precious brainpower that could go toward creative thinking, says Kimberly Elsbach, professor of organizational behavior at the University of California, Davis. Elsbach says that sometimes one person’s loss may be another’s gain, and for the good of the group as a whole.
The data show that Latinas are not only missing, they aren’t even a rounding error on the boards of California’s largest corporations. Three-tenths of one percent of directors of California’s largest public corporations are Latina. Even within the subset of women directors, Latinas only comprise 2 percent of the total.
Full-Time MBA Gains 10 Spots in Poets & Quants Ranking
UC Davis one of the "big winners" in rankings composite
UC Davis one of the “big winners” in composite of five most influential business school rankings in the world: U.S.News & World Report, Forbes, Bloomberg Business Week, The Financial Times and The Economist.
The Shazam Effect
Record companies are tracking download and search data to predict which new songs will be hits.
Associate Professor Greta Hsu, who has done research on genre-blending in Hollywood, says that although mixing music categories is risky, hybrids can become standout successes, because they appeal to multiple audiences as being somehow both fresh and familiar.
The number of female CEOs in California’s largest 400 public companies grew by one person this year – from 13 to 14 – according to a new study from the University of California, Davis.
According to a UC Davis Graduate School of Management study, women hold only 11.5 percent of the board director and highest-paid executive positions at the 400 largest public companies with headquarters in California. That’s barely half a percentage point over last year, and a virtually flat trend line during the decade that we have been tracking the representation of women in these key decision-making roles. There is only one woman for every eight men in these top posts.
An annual study from UC Davis finds women hold less than 12 percent of the highest-paid executive positions and board seats in California’s 400 largest public companies. Only 14 of those companies have female CEO’s and the median salary for top male executives is about $500,000 higher than the median for top female executives.
Our 2014 UC Davis Study of California Women Business Leaders show that San Francisco is a bit of a star. Among counties with at least 20 corporations, San Francisco had the highest percentage of female board directors (17 percent), while Los Angeles had the lowest (7.7 percent).
Startup Co-Founder’s Advice to Women: ‘It’s Not Actually That Hard’
Startup co-founder and PhD candidate Jeni Lee may be busy, but she always makes time to do things she's passionate about - Sacramento Business Journal
Lee is well aware of what it takes to make a successful pitch for a company. The startup she co-founded won the 2013 University of California Davis Graduate School of Management Big Bang Business Plan Competition. She’s a biomedical engineer studying tissue and cartilage regeneration.
“Whether it’s needed or not needed, that’s not going to stop people from handling this as a political issue,” said Amy Myers Jaffe, executive director of energy and sustainability at the University of California, Davis. “At this point in time, we have left the subject of the commercial value of the Keystone pipeline. That is no longer what is at stake.”
“We could see gasoline prices in the high 2s,” said Amy Myers Jaffe, executive director of energy and sustainability at UC Davis. Several factors are likely to get prices there, Jaffe said. Oil production in the United States — driven by the nation’s shale oil boom — is increasing….
Amy Myers Jaffe advises consumers to pay more attention to international news. “My opinion is, barring a major catastrophe in the Middle East, oil will drop to $50 a barrel, and gasoline prices are going to get even lower than they are now.” She adds that once there’s a technology breakthrough regarding the efficiency and cost of battery storage, alternative energy sources like solar and wind power will come into their own as energy industries.