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September 2022
Josh Lerner – HBS
Financial Innovation in the 21st Century: Evidence from U.S. Patents Josh Lerner, Amit Seru, Nicholas Short, & Yuan Sun December 29, 2021 We explore financial innovation through a dataset of 24 thousand U.S. finance patents granted over last two decades, using machine learning to identify the financial patents and extensively…
Find out more »October 2022
Marina Niessner – Wharton
Can Social Media Inform Corporate Decisions? Evidence from Merger Withdrawals
Find out more »Ludovic Phalippou – Saïd (Oxford)
Employee Views of Leveraged Buy-Out Transactions ABSTRACT Employee satisfaction decreases following a company acquisition. This effect is, generally, higher when it is through a Leveraged Buy-Out (LBO), but with considerable heterogeneity: the decrease in employee satisfaction is concentrated in Tech LBOs and in Public-to-Private (PU2PE) transactions. After any M&A transaction,…
Find out more »Fotis Grigoris – Kelley (Indiana) – Brown Bag Series
Inflation and the Relative Price Premium Abstract This study shows that relative price dispersion impacts risk premia. Notably, firms associated with goods and services that have increased (decreased) in price relative to the headline inflation rate earn high (low) returns. We refer to this return spread of 0.71% per month…
Find out more »University of Virginia Investing Conference (UVIC) 2022
More details to be posted on https://www.darden.virginia.edu/mayo-center/events/uvic
Find out more »November 2022
Song Ma – Yale School of Management
The Education-Innovation Gap Barbara Biasi and Song Ma May 17, 2022 Abstract This paper documents differences across higher education courses in the coverage of frontier knowledge. Applying natural language processing (NLP) techniques to the text of 1.7M syllabi and 20M academic articles, we construct the “education-innovation gap,” a syllabus’s relative …
Find out more »Ting Xu – Darden – Brown Bag Series
The Effect of Childcare Access on Women’s Careers and Firm Performance Abstract We study the effect of government-subsidized childcare on women's career outcomes and firm performance using linked tax filing data. Exploiting a universal childcare reform in Quebec in 1997 and the variation in its timing relative to childbirth across…
Find out more »December 2022
Hyeik Kim – University of Alberta
All Clear for Takeoff: Evidence from Airports on the Effects of Infrastructure Privatization Abstract Infrastructure assets have undergone substantial privatization in recent decades. How do different types of owners target and manage these assets? And does the contract form—control rights (concession) vs. outright ownership (sale)—matter? We explore these questions in…
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