Finance
Taking a Principled Approach to Private Equity through Relationships with Organized Labor
Adam Blumenthal ’89, the founder of Blue Wolf Capital, has worked productively with unions to grow the value companies provide to shareholders and employees alike.
How the Right Business Model Can Fuel Creativity
Selling creative work requires leaders to align art and economics. Yale Insights brought together the CFOs of a video game publisher and a studio that brings graphic novels to Hollywood to explain how they build sustainable businesses while enabling creative people to do their best work.
Putting a Price on Climate Risk
Yale SOM’s Todd Cort, an expert on corporate sustainability and sustainable finance, explains how AI is enabling new ways to price environmental and social risks.
How Cooling the Planet with Geoengineering Would Upend Climate Economics
In a new working paper, Yale SOM’s Kelly Shue and Samuel Hartzmark of Boston College model how the use of reflective aerosols to cool the plane would fundamentally shift the economics of climate change, altering incentives for renewable energy, fossil fuels, and carbon removal.
Can Investors Make a Profit by Saving Bats?
Restoring biodiversity around the globe will require financing from private investors. A new study co-authored by Yale SOM’s Anya Nakhmurina, focusing on the restoration of bat populations, proposes a strategy that could allow investors to support conservation while also turning a profit.
What Critics Get Wrong About Dual-Class Shares
The SpaceX IPO has renewed debate over dual-class share structures, which give founders outsized voting power. Yale SOM’s Jeffrey Sonnenfeld and co-author Steven Tian argue that these structures can create long-term shareholder value under the right conditions.
Leadership Lessons from a Lifetime Investing in Tech
Anne Glover ’78 traces her journey from shop-floor foreman to deep-tech investor and discusses the challenges facing the UK and Europe in building homegrown tech giants.
Wisdom of the Few? Prediction Markets Are Driven by a Small Number of Skilled Traders
A new study co-authored by Yale SOM’s Theis Jensen finds that a small group of informed traders drive prices—and take home a large portion of the profits.
Over the (Very) Long Run, Stock Bubbles Are Rare
Does the rapid run-up of AI stocks portend a crash for the larger stock market? Using a unique repository of historical stock prices with Yale roots, Professor William Goetzmann and his co-authors showed that while booms are frequently followed by volatility, markets rarely give back all of their gains.
The New Fed Chair Wants Less Transparency. That’s a Mistake.
Yale SOM’s William English, a former Fed official, writes that a less communicative Fed could undermine monetary policy effectiveness, increase market volatility, and weaken democratic accountability.
The Colorado River Is Overdrawn, and a Corporate Reckoning Is Imminent
For decades, the Colorado River has delivered less water than allocated, with shrinking reservoirs making up the difference. Yale SOM’s Todd Cort argues that companies across the West have yet to account for this imbalance.
