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Economics & Finance

When Scandal Hits, It Pays to Resemble the Villain

Ivana Naumovska

Financial wrongdoing by a single firm often batters its industry peers. Managers and investors may yet profit by using a granular lens to identify a handful of firms that will emerge stronger.
1 comment

Economics & Finance

In Global Trade, Familiarity Breeds Commerce

Pushan Dutt

Given time and experience, even countries far apart in geography and culture can build strong trade links.

Economics & Finance

The Missing Millennial Homebuyers

Pierre Mabille

Property prices fell during the Great Recession, but millions of millennials in the US still couldn’t afford their first homes. Here’s why – and how we could tackle the next housing crisis better.

Economics & Finance

How Africa Could Astonish the World

P. Yadav, V. D. Rao

Already the most dynamic and youngest continent, Africa could be the world’s next growth miracle – with the right type of leadership.
1 comment

Economics & Finance

Rethinking Capitalism: The Power of Creative Destruction

P. Aghion, I. Laporte

With the proper safeguards, creative destruction – the process by which the new replaces the old – remains the way to greater economic growth and prosperity.

Economics & Finance

When American Firms Misbehave, Chinese Companies Pay the Price

Ivana Naumovska

“Guilt by association” in US financial markets appears to be driven by investors’ prejudice against Chinese firms.

Economics & Finance

When Do Managers Have an Information Advantage Over Analysts?

Theo Vermaelen

The role of network centrality in timing buybacks.

Economics & Finance

There Goes the Neighbourhood: Legalised Marijuana and Property Values

Lin Tian

When a recreational marijuana dispensary opens, it depresses property prices in its immediate vicinity.
2 comments

Economics & Finance

Social Capital Makes the Difference Between ‘Good’ and ‘Bad’ Buybacks

S Huang, K Snellman, T Vermaelen

Executives who respect both the letter and the spirit of ethical norms aren’t born – they’re shaped by their home communities.

Economics & Finance

Reverse Mergers Went Bust. Will SPACs Follow?

Despite current exuberance, the signs don’t augur well for “blank cheque” companies.

Economics & Finance

Who Wins the Market: The Swift or the Smart?

Bart Zhou Yueshen

Both speed technology and information are vital trading inputs.

Economics & Finance

Can State and Shareholder Capitalism Combine?

The structural “liabilities” of state-owned enterprises can, in fact, be creative assets that privately owned firms can emulate.

Economics & Finance

What It’s Like to Be a Gig Worker During a Pandemic

M. Stabile, A. Roulet

How precarious workers balance financial uncertainty, health risks and mental well-being in the age of Covid-19.

Economics & Finance

Why Universal Basic Income Should Be President Biden’s Top Priority

Robert Ayres & Jeroen van der Bergh

An updated system of income and taxes would alleviate the worst crises the United States faces, including climate change. What’s more, we’ve got the numbers to prove it can work.
8 comments

Economics & Finance

In Bad Times, Decentralised Firms Outperform Their Rivals

P. Aghion, I. Laporte

When there’s increased turbulence, delegating power improves sales and productivity, boosting a firm’s chance of survival.
2 comments