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.
Assembling an Economy in Space
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.
Our Most-Read Stories of 2023
This year, Yale SOM research examined sustainable investing, the dynamics of social media, the role of race in school discipline, and the complexities of airline pricing. And faculty offered expertise on issues in the news, including the changing workplace, noncompete agreements, the politics of ESG investing, the effectiveness of masks, the collapse of Silicon Valley Bank, and the Barbie movie phenomenon.
Is Commercial Real Estate in for a Downturn…or a Crisis?
Commercial real estate downturns don’t typically create systemic threats. Yale SOM’s Andrew Metrick offers a nightmare scenario showing why this time might be different.
Lower-Income Employees Are More Likely to Remain at 401(k) Defaults, Even If It Costs Them Money
Automatically enrolling employees in retirement plans is a powerful tool for increasing savings. But Yale SOM’s James Choi and his coauthors find that once enrolled, people with lower incomes are more likely to remain at default contribution rates, even if they aren’t optimal.
Did Student Loan Forbearance Push Distressed Borrowers Further into Debt?
In a new study, Yale SOM’s Heather Tookes and her co-authors find that after loan forebearance went into effect in March 2020, distressed borrowers’ credit scores jumped. That allowed them to take on more credit card and auto debt—and, eventually, led to higher rates of delinquencies.
The Business of ‘Anti-Woke’ Is Falling Flat
Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that the exchange-traded funds that boycott companies taking action on social issues are underperforming the market and struggling to find investors.
How Property Tax Foreclosure Accelerates Gentrification and Magnifies the Racial Wealth Gap
Non-white homeowners are at disproportionate risk of losing their homes over unpaid property taxes, shows new research from Yale SOM’s Cameron LaPoint.
Green Investing Could Push Polluters to Emit More Greenhouse Gases
One common approach to sustainable investing is to provide capital for companies with low carbon emissions and withhold it for high-emissions firms. Research co-authored by Yale SOM’s Kelly Shue shows this approach can backfire.
Why Connecticut’s Investments Are Underperforming
Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and their team found that Connecticut’s return on its pension fund investments is among the worst in the nation. Their analysis of all 50 states offers some avenues for improvement.
Personal Finance: Popular Authors vs. Economists
Before teaching a personal finance course, Prof. James Choi dipped into some popular books on the topic. He found that much of what personal finance gurus suggest is at odds with economic research—but that they also have insights into human nature that are sometimes missing from economic analyses.
