SMITH BRAIN TRUST – Since the financial crisis, Wall Street has garnered a reputation – and some sharp criticism – for its lucrative salary structures. Analysts, policymakers and academics have, at turns, chided the industry, accusing it of helping to distort the “efficient allocation of talent” in the economy.
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 ...
The Smith School is happy to welcome the following new professors to the school:
Accounting & Information Assurance