Publish and Perish - Forbes.com

Publish and Perish - Forbes.com: "Before taking over Alpha, Mark Carhart was an assistant professor of finance at the University of Southern California. He had studied under Eugene Fama, a founding father of the efficient-market theory, which says investors can't consistently beat the market. Carhart himself drew attention with a research paper warning investors against mutual funds with 'hot

Why the Statement of Cash Flows Matters - TheStreet.com University - The Finance Professor - APPB - BAC

Ironically we just did this today in my Advanced Corp Fin class...So for them it is required reading :)Why the Statement of Cash Flows Matters - TheStreet.com University - The Finance Professor - APPB - BAC: "A company's statement of cash flows creates a bridge -- or reconciliation -- between a company's cash balances from one accounting period to another. The statement of cash flows is important

A conversation with Alan Greenspan - Charlie Rose

A conversation with Alan Greenspan - Charlie Rose: "Alan Greenspan A conversation with Alan Greenspan Keywords: Federal Reserve Board , The Age of Turbulence: Adventures in a New World, greenpsan A conversation with Alan Greenspan about his life, his 18 year tenure as chairman of the U.S. Federal Reserve Board and his book, The Age of Turbulence: Adventures in a New World."Just watched it...

Brittany Spears Explaining the SubPrime Mortgage Market Problems

No that was not a typo. Watch at your own risk.I will warn you the music is by Brittany and the finance is somewhat suspect, but close..and it is funny.

1000 posts! A look around at the news

I just realized I have had 1000 posts on this blog. Which is some kind of milestone I guess. As a 1001 post, I will revert back to a newsletter esq piece with a look around at other blogs, stories, etc...***********************************The Unknown Professor (Financial Rounds) reports on a WSJ article by Robert Reich on CEO pay."Reich then goes on to explain the increase in CEO pay over time

Evidence on Cross listing, governance, and cash holdings

Is cash good or bad? Actually that is roughly how I started my dissertation. The answer is yes.It is both bad and good. Good because it gives firms more flexibility, lowers transaction costs, and allows faster responses to opportunities. Cash is bad because it offers managers too much flexibility and worsens agency cost problems by shielding managers from market discipline (essentially

Hedge funds lure business school profs

Hedge funds lure business school profs: "The growing and lightly regulated hedge fund industry is attracting new players -- business school professors eager to test their theories in a field known for big risks and occasionally bigger rewards. Hedge funds are becoming a tempting tool for faculty members looking to sharpen research and giving a Wall Street perspective to their students, all while

BonaSIMM

I know some of the FinanceProfessors who follow this blog also teach a version of class that has real money invested. At SBU we call it SIMM (Students in Money Management). This is my first semester teaching it. (so if you have any advice, please let me know!)We have (or will soon have) about $150,000 to invest. We have decided to make this as open a fund as possible and will allow much of

Taleb takes on Black, Scholes, Merton

WOW. This one is hard hitting for any paper, let alone an academic paper.And on top of that it is co-authored by Espen Haug and Nissam Taleb (yep same one).The paper itself says "do not quote" so I won't. It also says do not disseminate but the authors (put it online, so I think that one is just for show....lol).But the abstract is fair game, so from the abstract:"However we have historical

Housing costs punish family budgets - USATODAY.com

When you increase fixed costs (be they debt, taxes, or whatever) you increase risk since a very minor slowdown is so magnified (rememebr debt makes good times great, bad times horrible).Thus, this USATODAY article is a partial (and obviously after the fact) look at what is causing so many problems in the sub prime mortgage markets.Housing costs punish family budgets - USATODAY.com: "For some, the

Bear Stearns Update

The window of opportunity - Times Online: "Joe Lewis bought a 7 per cent stake in Bear Stearns, the investment bank which has lost just over a third of its value after the closure of two of its hedge funds. Mr Lewis is best known in the UK for his stake in Tottenham Hotspur. But the investment by the former restaurateur crystallises the question that is on the minds of bankers everywhere: is it

KKR Close to Concession on First Data Deal: Report - New York Times

KKR Close to Concession on First Data Deal: Report - New York Times: "Kohlberg Kravis Roberts & Co. appears willing to make a concession to the banks financing its $26 billion leveraged buyout of payment processor First Data Corp , according to a report on Sunday, in a move that underscores the intense pressure the credit crunch has put on investment banks and their top private equity clients.

Private lives of CEOs tied to profit, loss

For a news paper article, this one is great! It is a series of summaries that basically show that CEO's personal life impacts the firm.Private lives of CEOs tied to profit, loss:"Should shareholders in a company care if the chief executive's child dies? What if the mother-in-law passes away?.....slid by about one-fifth, on average, in the two years after the death of a CEO's child, and by about