On June 18, Facebook announced Libra, a new cryptocurrency intended to make it easy for individuals and companies to exchange payments anywhere in the world. We asked Prof. Vineet Kumar why a company that started by enabling people to share personal news is now building an alternative financial system.

In theory, prediction markets give the most accurate possible forecasts because they incorporate all available information. But a study by Yale SOM’s Jason Dana and his co-authors showed that in some cases, forecasts can be improved by simply asking people what they think will happen. 

Louise Dubé ’88 of the nonprofit iCivics argues that engagement in civic life requires skills that many schools no longer teach.

According to Prof. Henrietta Onwuegbuzie of Lagos Business School, entrepreneurs focused on solving problems and ongoing innovation grow their businesses faster, make more money—and have a bigger impact than any government or nonprofit.  

The proposed merger between Renault and Fiat Chrysler would create the world's third-largest automaker and could reshape the future of electric and self-driving cars. But Yale SOM's Jeffrey Sonnenfeld writes that the merger is a fundamentally human drama.

A new study co-authored by Yale SOM’s Thomas Steffen analyzed tens of thousands of shareholder letters to reveal whether executives’ actions typically live up to their promises. It found that firms whose CEOs scored well on this measure of integrity tended to perform better, while facing lower audit fees.

Curtis Chin ’90, Asia Fellow at the Milken Institute, on finding solutions to cross-cultural ethical dilemmas.

Yale SOM’s Vahideh Manshadi and her co-authors examined the methodology of kidney exchange registries, and found that registries can find more matches if they collaborate to build a unified database.

According to Yale SOM’s Matthew Spiegel and Heather Tookes, an IPO is often followed by disappointing returns, not just for the newly public company but its entire industry.