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.
Finance
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:
Op-Ed: Wilful Defaults: The Financial Underbelly of the Indian Banking System
50,000% Markup for a Shot Makes the Case for a Single-Payer Healthcare System
Launch of New Hartford Passenger Line Part of ‘Train Renaissance’
The Hartford Line is a new commuter rail service between New Haven and Springfield, Mass., with additional stops in suburbs along the 62-mile route. The service, a collaboration between the states of Connecticut and Massachusetts, will launch on Saturday, June 16.Continue Reading
Among Connecticut Cities and Towns, The Wealthiest Are The Big Spenders
Already Deep in Debt, Connecticut Struggles With Extremes of Wealth and Income
Real Estate Center Banquet Celebrates Leaders, Standouts
(Zack Wussow/Zack Wussow Media)
Seven real estate professionals, a popular finance professor and a host of outstanding students were recognized during the Center for Real Estate’s 2018 Awards Banquet on April 26 at the Rome Commons Ballroom. Continue Reading
Op-Ed: Would a Long Island Sound Tunnel Help Revive Connecticut’s Failing Economy?
UConn Today– Connecticut’s economy has been shrinking since 2008; it desperately needs to find a way back to growth. Long Island’s economy is choking because of the necessity of everything going in or out through New York City. An interstate collaboration to “bridge” the Sound might address both challenges.