U.S., European and Asian stock markets all fell in response to Greece rejecting austerity plans demanded by international creditors. But the market reaction was much more muted than analysts had expected. Those experts include Smith School executive-in-residence Bill Longbrake, who spoke to the Associated Press ahead of market openings on Monday. Longbrake said on Sunday night to “watch for how the Europeans handle
Bill Longbrake, executive-in-residence at the Smith School's Center for Financial Policy, lays out the big issues for Greece as the country enters the end game of its long-running financial drama. "There are times when, even though there might be a logical solution from an economic and financial point of view, you can't get there because of political constraints," Longbrake says.
John Hancock rallied a nation with his large autograph on the Declaration of Independence, but new research from the Smith School shows that signature size on corporate financial statements can signal far less noble intentions. The working paper, led by Smith accounting professor Nick Seybert and 2015 Smith PhD graduate Charles Ham, finds that chief financial officers with large signatures are
The California Labor Commission sided this month with an Uber driver who argued that she should be classified as an employee of the company, not an independent contractor. The decision means the woman is entitled to reimbursement of expenses she incurred driving for Uber for three months last year, some $4,152. In a recent conversation for Knowledge@Wharton, Smith School professor
Fitbit is riding high: When the wearable fitness device company went public last month, its stock closed the day 48 percent over its IPO price, which puts the company's value at $4.1 billion. But critics see some vulnerabilities. Smith alumna Elana Fine, managing director of the school's Dingman Center for Entrepreneurship, shares insights.