A new study from Yale SOM’s Kelly Shue and Paul Goldsmith-Pinkham finds that single women who buy and sell real estate lose out on an average of $1,600 per year.
Leverage-induced fire sales contributed to the worst stock market crashes in history. Prof. Kelly Shue studied account-level data from the Chinese market crash in 2015 to illuminate how much leverage matters.
The Peter Principle says that hierarchical organizations suffer because effective workers are promoted until they reach their “level of incompetence.” Yale SOM's Kelly Shue and her collaborators set out to test the oft-cited theory.
