In a Reuters oped, Professor Anat Admati argues that bank dividend payouts to shareholders expose "the economy to unnecessary risks without valid justification."
David F. Larcker and Brian Tayan at the Corporate Governance Research Program examine succession plans, what a board can do if the market reacts positively to the death of its CEO, and whether the board should revise its succession plan if its CEO engages in risky hobbies or lifestyle habits.
A letter by Anat R. Admati and Neil M. Barofsky published by the Financial Times, March 8, 2012
After analyzing repurchase agreements by money-market funds and security lenders, these researchers believe that banks off-balance-sheet collateralization of commercial paper is more likely to have prompted the run on short-term debt financing in the recent financial crisis.
Research from Professor David Larcker and Researchers Brian Tayan and Usman Liaqat examine whether total compensation is commensurate with the value of services rendered.
A new study drawing on data from Box Office Mojo and The-Numbers.com finds that for the 1,064 movies that opened between 2003 and 2010 in at least 1,000 theaters, inflating weekend revenue was hardly an unusual occurrence.
Finance professor Darrell Duffie of the Stanford Graduate School of Business proposes alternative capital requirements for banks to eliminate potential unintended consequences of financial reform.
Supermarkets either advertise themselves as offering "everyday low pricing" or holding sales with special promotional pricing. New research coauthored by Stanford's Harikesh Nair says one model has lower fixed costs and the other produces higher revenues.
Baba Shiv finds that people who are lonely prefer products that the majority don't prefer — but only in private.
Choices that make people happy are complex according to research coauthored by business school Professor Jennifer Aaker. Factors include how old the subject is, his or her view of time, and is she focused on the present or the future?
