Hartford Business Journal– Government officials in a number of Connecticut cities and towns have long wanted to broaden access to faster internet speeds to spur economic development and make their local communities more attractive places to live and work.
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Mobile Sense Technologies Wins U.S. Patent, $225K from NSF
SF Gate– Mobile Sense Technologies, Inc. (Mobile Sense) today announced it has been issued an additional patent from the USPTO, bringing the company’s issued patent portfolio total to 12.
Young Gun Banker Breaking the Mold to Become New York Mortgage Maestro
Real Estate Weekly– At 36, Ace Watanasuparp is on top of the world.
A vice president at Citizens Bank, the 12th largest retail bank in the country, he is also a co-owner of eight restaurants in New York City, became president of Douglas Elliman’s DE Capital Mortgage when he was 31, and was the first Asian-American walk-on basketball player at the University of Connecticut in 2000.
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
AACSB Welcomes Its 2018-19 Board of Directors
Longview News Journal– The Association to Advance Collegiate Schools of Business, the world’s largest business education alliance, announces its board of directors for the 2018–19 fiscal year.
Stamford Finance Sector Sees Series of Gains
Is Data Privacy a Fundamental Human Right?
New GDPR Mandate Will Levy Hefty Fines Against Companies That Are Careless With Personal Data
2017 was the first year in history where the number of internet-connected devices outnumbered the human beings on the planet. Continue Reading