Finance
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.
Data from Twitter Can Predict a Crypto Coin’s Ascent
Cryptocurrencies are notoriously volatile. But listening carefully to social media chatter can help identify winning short-term investments in crypto, according to a study from Yale SOM’s Tauhid Zaman and Khizar Qureshi.
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.
The Fed’s Many-Headed Dilemma
According to Prof. William B. English, when Silicon Valley Bank collapsed and sent ripples through the financial system, the Federal Reserve’s challenge of pursuing maximum employment and low inflation “got even harder.”
Is the Collapse of SVB the Start of a Banking Panic?
Silicon Valley Bank, a financial hub for tech startups, failed and was seized by regulators this week. Prof. Andrew Metrick, who has studied past financial crises, explains how SVB’s balance sheet got squeezed and what's next for the banking sector.
Business Prognosticators Keep Getting It Wrong
Yale SOM’s Jeffrey Sonnenfeld explains the mistakes that analysts and forecasters make while trying to predict the future.
Taking a Disciplined Look at Irrational Investors
Prof. Nicholas Barberis applies a scientific eye to the irrational ways we form beliefs and how those beliefs collectively drive financial markets.
