News & Events

May 17, 2016
World Class Faculty & Research
Comments Comments

Berkshire Hathaway’s small but much-discussed bite of Apple suggests a vote of confidence for a tech giant that had been sliding in the stock market. It also hints at how Warren Buffett’s holding company will do business after the 85-year-old "Oracle of Omaha" no longer is there, Smith School professor David Kass says. Revealed Monday in a regulatory filing, the roughly $1 billion investment of 9.8 million shares...

May 02, 2016
World Class Faculty & Research
Comments Comments

Leading academics, bankers and regulators gathered at the Smith School for a conference honoring the Smith School’s Albert “Pete” Kyle — specifically, the thirtieth anniversary of the publication of Kyle’s seminal 1985 paper “Continuous Auctions and Insider Trading.” Co-sponsored by the Smith School’s Center for Financial Policy and UBS, the conference included discussion of the paper’s influence, tributes to...

Apr 27, 2016
Experiential / Reality-based Learning
Comments Comments

Smith student Philip Peker ’18 writes about the Joseph Wikler Memorial Finance Case Competition on April 22, 2016, at the University of Maryland’s Robert H. Smith School of Business.

Apr 19, 2016
World Class Faculty & Research
Comments Comments

Smith School experts say the $1.65 billion takeover of event management specialist Cvent by a private equity firm reflects a long-range plan — unpalatable for public shareholders — to expand a tech company that's taken a wild ride since its 1999 beginning. The sale, announced Monday, launches a new phase for the McLean, Va.-based company. Read more...

...
Apr 14, 2016
World Class Faculty & Research
Comments Comments

Treasury continues to tighten its rules to prevent corporate "inversions" — the move in which a U.S. company merges with a smaller foreign company then shifts its official location abroad, to avoid U.S. taxes. Given the lack of congressional action on this issue, the new rule appears "reasonable," says the Smith School's Michael Faulkender. Still, he says, the U.S. tax system is "broken."...

Apr 12, 2016
World Class Faculty & Research
Comments Comments

Clinical professor of finance David Kass is a Berkshire Hathaway shareholder and a close follower of Warren Buffett’s investment strategy since 1980. He says the recent release of a 103-page "Financial Crisis Inquiry Commission Interview of Warren Buffett" provides "interesting insights into the causes of the financial crisis, its consequences on the shareholders of financial institutions, and on stock market...

Mar 28, 2016
World Class Faculty & Research
Comments Comments

Central bankers in Japan and the Europe Union are at their wits' end in trying to figure how to generate demand and stave off deflation. Both banks have dropped interest rates into negative territory, encouraging spending by making saving literally costly. Yet the publics of the two economic regions have reacted differently. Each is unhappy for a different reason. Smith School professor Haluk Ünal explains...

Mar 25, 2016
World Class Faculty & Research
Comments Comments

In a recent ABA Banking Journal piece, Smith School professor Clifford Rossi, author of “A Risk Professional’s Survival Guide” and former Citigroup senior risk executive, contributes risk-managing guidelines for banks according to high-risk categories, starting with the type associated with cyber protection. Read more...

...
Mar 16, 2016
World Class Faculty & Research
Comments Comments

Does the stock market encourage corporate conformity? Yes, according to new research from the Smith School. Managers have an incentive to ape the strategies of other companies in order to increase the informational value of their own stock price, according to a new paper co-authored by finance professor Laurent Frésard. Read more...

Mar 03, 2016
World Class Faculty & Research
Comments Comments

The debate over whether Great Britain should exit the E.U. — to "Brexit" or not to "Brexit"? — is rippling outward from Europe into the world's major financial markets. Proponents of an exit think that Britain can follow the model of Switzerland, negotiating good trade deals with E.U. nations individually. But the Smith School's Albert "Pete" Kyle thinks the the E.U. will be inclined to make things tougher than that for...

Pages