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Finance

Why It’s Harder for Women Founders to Get Venture Capital Funding

A new study co-authored by Yale SOM’s Heather Tookes shows that women are less likely to get funding compared to men with similar entrepreneurial history. One reason is that investors who have experienced a poor outcome from a woman-led startup shy away from other women founders—but benefitting from successes of women founders doesn’t lead them to invest more.

An illustration showing a male investor being raised up by hands and money, while a women investor is getting less
  • Do Nudges Help Americans Save for Retirement? Not as Much as We Thought.

    Two decades ago, Prof. James Choi’s research suggested that automatic enrollment and escalation and could have a sizeable impact on savings. Now he and his co-authors have looked at these programs again and found that under real-world conditions, the effect on savings is much smaller than expected.

    An illustration of a piggy bank-shaped hot air balloon that can't get off the ground
  • What Will It Take to Make Housing More Affordable?

    We asked Prof. Cameron LaPoint, whose research interests include real estate and household finance, if Kamala Harris’s proposal can make a difference.

    Construction of new housing in Falls Church, Virginia, in 2023.
  • The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?

    Many homebuyers and other borrowers incorrectly believe that they get a lower rate by waiting until a cut becomes official, according to Prof. Kelly Shue. This misconception is so widespread that it can undercut the effectiveness of Fed monetary policy.

    Mortgage rates in the window of a Bank of America office
  • Trump Is Already Rattling the Stock Market

    Professor Jeffrey Sonnenfeld, co-author Steven Tian, and investor and analyst Whitney Tilson write that the pattern is familiar from Trump’s term in office, when his remarks frequently swayed markets—usually for the worse.

    Donald Trump on a TV at the New York Stock Exchange
  • A Loan Program Can Help Close the Green-Building Gap

    In a new study, Prof. Cameron LaPoint and his co-authors weigh the positives and negatives of a lending program that puts climate resiliency upgrades within reach of financially constrained homeowners.

    Punta Gorda, Florida, on September 28, 2022, during Hurricane Ian
  • Should the Federal Reserve Reveal More about Its Stress Test Models?

    Greg Feldberg, director of research at the Yale Program on Financial Stability, argues that the Fed already discloses more than any other authority in the world about its stress test models and warns that revealing more could repeat mistakes made in the run-up to the Global Financial Crisis of 2008-09.

    An illustration of a hospital monitor showing financial symbols
  • Investors Reward Gender-Diverse Companies

    Advocates have long made the case that hiring more women is the right thing to do, and that gender diversity helps firms be more effective. New research from Yale SOM’s Jennifer Dannals suggests another reason for a gender-diverse workforce: investors love to see it.

    An abstract image of a crowded corporate lobby overlayed by a stock chart
  • CEOs Invest Less in Corporate Social Responsibility When Their Own Money Is At Stake

    A study co-authored by Yale SOM’s Kelly Shue finds that when CEOs have a larger financial stake in their companies, or when they face stronger shareholder oversight, they cut back spending on corporate social responsibility efforts.

    An illustration of a CEO looking at stock prices and hesitating to write a check
  • What Did the Last Four Years Teach Us about Managing Inflation?

    William English, a professor in the practice of finance and a former economist at the Federal Reserve, discusses lessons learned from central banks’ responses to four-plus years of extraordinary economic disruption.

    Shoppers in a chain store with televisions for sale
  • What Does a Record Stock Market Mean?

    We asked Yale SOM’s William Goetzmann, an expert on financial markets and the history of finance, what soaring stock prices say about the economy and the future of the markets.

    A trader in front of computer terminals at the New York Stock Exchange