Finance

Jinming Xue

Jinming Xue began the program in Fall 2014. His researach interests include empirical asset pricing. Jinming's working paper explores market return predictability and industry linkages. 

Bo Hu

Bo Hu began the program in Fall 2014. His research interests include asset pricing and market microstructure.

High Frequency Trading: Focus on ‘Troll Under Bridge’

High-frequency traders provide a useful service but rig the system when they extract tolls from investors, Smith School professor Albert "Pete" Kyle said this week during a financial regulation conference in Australia. "They are like a troll under a bridge who charges travelers something extra when they cross to the other side," Kyle has said. Debate about high-frequency trading heated up prior to the conference when a U.S. brokerage firm agreed to a record-high fine for allegations related to the practice. Read more...

Berkshire Mega-Deal Typifies Buffett’s Bargain Hunting

Berkshire Hathaway’s $32.6 billion buyout of Precision Castparts Corp. represents the Warren Buffett conglomerate’s largest-ever takeover. But it also “exemplifies Buffett’s determination to find cheap and out-of-favor companies with a history of strong earnings and high barriers to competition,” reports the Omaha World-Herald, paraphrasing Smith School professor David Kass. Read more...

Good and Bad News About Your House

Median home prices have surged past the U.S. record set in 2006 at the peak of the real estate bubble, but don’t expect a repeat of the Great Recession. Instead, Smith School professor Cliff Rossi expects an eventual market slowdown driven by a mixture of negative and positive factors. “Home prices at a national level are not anywhere near to cratering like they did back in 2007, 2008 and beyond,” Rossi says. He shares the following good and bad news that homebuyers and sellers should consider. Read more...

Bank of America Stress Tests Its HR Chief

On its face, Bank of America delegating stress test oversight to its human resources chief is a "head scratcher," Smith School professor Clifford Rossi tells American Banker. As part of a larger leadership shakeup, the megabank recently appointed its global head of HR Andrea Smith to a newly created chief administrative officer position. The role encompasses global corporate strategy and includes managing BofA’s Dodd-Frank stress tests, which involve measuring risk to determine the bank's ability to withstand an economic downturn. Read more...

Pages

Subscribe to RSS - Finance