Welcome to the Fall 2015 Research Newsletter of the University of Connecticut School of Business. It has been a busy semester, with our colleagues conducting innovative research in a variety of fields and winning awards along the way.
Finance
Economist Fred Carstensen: No Public Investment in R&D, Infrastructure Destroys U.S. Growth, Competitiveness
Seeking Alpha –
Summary
- The Fed’s small rate hike won’t affect much, except strengthening the dollar.
- 150,000 to 250,000 new jobs a month not the gains of our historic recoveries.
- Chinese slowdown lops half a percent off U.S. growth
Do Managers Seek Control and Entrenchment?
The CLS Blue Sky Blog – Do managers seek control of the firm, or the level of ownership consistent with entrenchment? Entrenched managers own shares within a range which is high enough to give them control, but sufficiently low to make other shareholders bear the brunt of their non-value maximizing actions. There is a large literature on how entrenched managers can benefit themselves by extracting wealth from other shareholders, but conclusive evidence that managers seek entrenchment is currently lacking.
America in Circulation: A History of U.S. Currency
Finance Professor Earns Fulbright Specialist Award
Shantaram Hegde Will Teach, Mentor, Encourage Colleagues in India
One of the most respected and accomplished faculty members in the Finance Department has received a Fulbright Specialist Award to mentor doctoral students and faculty in India.
Professor Shantaram ‘Shanta’ Hegde said he is pleased to have received the Fulbright, which is one of the most competitive, prestigious and selective awards in the world. His assignment is to instruct some 30- to 40- students and faculty on financial research, a field in which he is considered one of the most prolific journal contributors in the United States.Continue Reading
Merger and Acquisitions Class Helps Students Specialize, Diversify
The Daily Campus – A new merger and acquisitions class at the University of Connecticut helps specialize and distinguish business students in the job market and increase the reputation of the business school.
2015 Ph.D. Student Speaker Series
The 2015 Ph.D. Student Speaker Series launched on Friday, October 2, 2015, as finance doctoral students welcomed Professor Kent Daniel from Columbia University.
Professor Daniel met with doctoral students, faculty, and presented his latest work at a well-attended seminar. Kent is a research associate at the National Bureau of Economic Research. He has served as an associate editor for the Journal of Finance, as a director of the American Finance Association, and as a director of the Western Finance Assocation.Continue Reading
How the NFL Moves the Stock Market
Ozy.com- For years it has been a widely held superstition among sports fans that the outcome of key games has an effect on the stock market. With the Super Bowl, it’s called the halo effect — a solid 80 percent of the time, the Dow declines for a year after the AFC team wins, and goes up, also for a year, when the NFC team wins. But, hey, investors: The pundits may be telling it all wrong.
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Cornell Real Estate Competition Hits Record High Number of Student Teams
Preventing the Next Global Debt Crisis
Could Aspects of Corporate Financial Strategies Help Prevent Sovereign Default?
Some key strategies from corporate finance could potentially help prevent governments from spiraling into financial collapse and destabilizing the global economy.
That’s the conclusion of UConn Business Law Professor Stephen Park and co-author Tim Samples, a professor at the University of Georgia, in their research article titled, “Towards Sovereign Equity,” which is pending publication in the Stanford Journal of Law, Business and Finance in 2016.Continue Reading