Home - Center for Investor Welfare
This article cites Professor Brad Barber’s research that analyzed account data for more 35,000 households at a large discount brokerage and showed that on average men were worse stock traders than women.
This article cites Professor Paul Griffin’s recent research that showed how stock prices jumped when the companies he studied voluntarily disclosed their greenhouse gas emissions.
This article cites Professor Brad Barber’s research which showed that active trading is really a loser’s game. “Their bottom line: ‘The more you trade the less you earn.’ Buy-and-hold investors in their research turned over their portfolios just two percent a year. Active traders churned their portfolios an average of 258 percent annually, but their net returns were a third less than their buy-and-hold competition.”
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.”
(Davis, CA) — A UC Davis study finds that it pays to be green, as companies that are open about their greenhouse gas emissions and carbon reduction strategies see stock values rise.
Graduate School of Management Professor Paul Griffin and his co-author, Yuan Sun of UC Berkeley, tracked stock prices of firms around the time these companies voluntarily issued press releases disclosing carbon emission information. In the days after the press releases were issued, the companies saw their stock prices increase significantly, Griffin and Sun found.
(Davis, CA) — Unexplained increases in a company’s auditor fees may foreshadow a future drop in stock prices, according to a new University of California, Davis, study.
“A rise in audit fees acts to deliver a precursory message about trouble within the company,” said Professor Paul Griffin from the Graduate School of Management.
Aspen Institute’s Center for Business Education: Beyond Grey Pinstripes 2011–2012
UC Davis MBA Among the Top 10% Worldwide for Social and Environmental Stewardship
The Aspen Institute’s Center for Business Education ranks the UC Davis MBA program among the best in the world for integrating issues of social and environmental stewardship into curricula and research. Our full-time program is ranked No. 56 among more than 600 accredited programs worldwide.
- Top 10% Worldwide
UC Davis Study Finds Suspicious and Highly Profitable Insider Stock Trading around Company Debt Renegotiation
(Davis, CA) — Insiders have reaped substantial profits from increased trading of a faltering company’s stock when the firm is renegotiating its debt, according to a new study by GSM Professor Paul Griffin and David Lont of the University of Otago in New Zealand.
(Davis, CA) — Small investors could be big losers if a greenhouse gas reduction plan known as cap and trade becomes law and accounting standards for carbon credits have not been established, according to a new study released today by a University of California, Davis, professor.
In an analysis of pending federal legislation and accounting practices, UC Davis management professor Paul Griffin determined that U.S. companies would receive up to $36 billion in climate change allowances next year under provisions of a bill the U.S. House of Representatives passed last year.