A mix of public and private investments are positioning the space economy for a period of growth and innovation, says Sven Eenmaa ’98, director of investment and economic analysis at the International Space Station U.S. National Laboratory.
Personal finance gurus frequently depart from conventional economic wisdom, Yale SOM’s James Choi discovered, but their advice isn’t all bad.
Yale SOM’s Frank Zhang and Jacob Thomas found that firms might increase their pollution when they’re struggling to meet earnings targets—and that firms with a history of environmental responsibility are most likely to engage in this pattern.
Cryptocurrencies such as Tether, which is pegged to the dollar, have held on as others crashed. But according to new research by Yale SOM’s Gary Gorton, these “stablecoins” still pose major risks to the global financial system.
“Inside the CDO Machine,” a special project from the Yale Program on Financial Stability, explores the first-hand perspectives of market participants.
For investment banker Carol Samuels ’86, a key value is helping government make a difference in people’s lives, by applying financial tools and long-term thinking.
A new study co-authored by Prof. Song Ma finds that during the financial crisis, private equity firms took on banks in poor health that other buyers didn’t want, and those banks performed relatively well under their new management.
A study by Yale SOM's Frank Zhang suggests that requiring disclosures of short positions would lead some investors to make decisions based on others’ short positions, rather than information about a firm; this “herding” could drive stock prices away from their true value.
New research co-authored by Prof. Heather Tookes looks at whether employee misconduct in the highly regulated investment advisory industry goes down after a merger, potentially making the combined company more valuable.
Yale SOM finance professor Stefano Giglio lays out the unique complications of grappling with climate risk, and explains his own work on stock portfolios that hedge climate change.
Dollar-pegged cryptocurrencies are rapidly proliferating. But without regulation, these so-called stablecoins pose serious risks to the U.S. financial system, argue Yale SOM’s Gary B. Gorton and his co-author.