Daily Campus – This past fall semester, the UConn Stamford Campus began offering lessons to business students in the art of investing. The Student Managed Fund program grants young investors the opportunity to gain experience within the realm of financial risk-taking by managing a $500,000 portfolio, of course, under the close supervision of investment advisors.
Finance
Connecticut Casinos See Ongoing Slot Revenue Decline
Lamont Hints at New Budget Proposal
With Few Options, Lamont Considers Taxing Groceries
The CT Mirror – Gov. Ned Lamont wants to end Connecticut’s cycle of budget deficits, deliver property-tax relief and amass a fiscal bulwark against the next recession. But to do it, he may push wary legislators to extend the sales tax for the first time to groceries, medications and other long-exempt items.
Video – What’s in Store for Retail in 2019?
NBC CT News – What’s in store for retail in 2019?
The Millionaire-with-a-suitcase: Man or Myth?
Hartford Business Journal – For Republicans — and many moderate Democrats — income and wealth migration is not only a very real threat, but a problem that’s already upon us as Connecticut increasingly raises taxes to cover surging pension costs.
Connecticut finance sector endures — but with fewer jobs
Special Class – Prof. Chinmoy Ghosh of University of Connecticut
Karnavati University– Dr. Chinmoy Ghosh, Gladstein Professor of Business and Innovation and Head of the Department of Finance at the School of Business, University of Connecticut, USA, took a long session with the Summer-9 students (2017-2019 batch) of UWSB, Kolkata on Friday, 17th August 2018.
Value of consultants’ manager recommendations questioned in new report
The Effect of Institutional Ownership Types On Innovation and Competition
Harvard Law School Forum on Corporate Governance and Financial Regulation– In common ownership, the type of the common owner institution matters. Institutional ownership of firms has seen a marked rise in the past few decades, with average institutional ownership share of a firm rising from 20% to 30% in the 1980s to over 65% of the total by the 2010s, with residual retail ownership correspondingly falling from 80% to less than 35% of the firm. (See Borochin, Paul, and Jie Yang (2017). The Effects of Institutional Investor Objectives on Firm Valuation and Governance, Journal of Financial Economics 126.) Over the same period, the fraction of the average firm held by institutions holding blocks of same-industry rivals has risen from 4.5% to 28%. (See He, Jie, J. Huang, 2017, Product Market Competition in a World of Cross Ownership: Evidence from Institutional Blockholdings, The Review of Financial Studies 30.) This not only changes the portfolio properties of the institutional investors, but also has the potential to change the corporate strategies of held firms. Recent studies find opposing effects of common institutional ownership on the competitive behavior of firms: