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.
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:
My final week of class was packed with projects, papers, and an exam. We had two field trips to the Library of Things and the Little Bee Community. The Library of Things was a space where a range of rentable items from practical household appliances to ukeles were housed. This business was created as an attempt to foster a neighborhood community while being sustainable and reducing consumerism waste in society. At the Little Bee Community we listened to a team of individuals discuss investment in socially responsible startups. Continue Reading
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.
2017 was the first year in history where the number of internet-connected devices outnumbered the human beings on the planet. Continue Reading
I started off my third week by meeting a friend who lives in London. Georgie was an exchange student at UConn in the Fall 2017 and Spring 2018 semesters and joined my sorority Gamma Phi Beta. It was great to catch up with her and laugh over my deepened cultural understanding of the UK. We hung out in the wealthy area of Hampstead right outside of London. She explained that London is similar to cities in the U.S. in terms of wealthy business people dwelling in quaint neighborhoods and suburbs directly outside of the city, such as Hampstead, to avoid both the craziness of the city and a long commute. Continue Reading