Cambridge Judge Business School (CJBS) runs a number of seminar series, including those organised by the individual subject groups and research centres. Seminars are posted here as and when they are arranged, and tend to only take place in term-time. Sign up to our seminars mailing list to receive invitations.
Laura Veldkamp, Professor of Finance, Columbia University’s Graduate School of Business
As financial technology improves and data becomes more abundant, do market prices reflect this data growth? While recent studies documented rises in the information content of prices, we show that, across asset types, there is data divergence. Large, growth stock prices increasingly reflect information about future firm earnings. This is the rise reflected in the previous studies. But over the same time period, the information content of small and value firm prices was flat or declining. Our structural estimation allows us to disentangle these informational trends from changing asset characteristics. These facts pose a new puzzle: Amidst the explosion of data processing, why has this data informed only the prices of a subset of firms, instead of benefiting the market as a whole? Our structural model offers a potential answer: Large growth firms’ data grew in value, as big firms got bigger and growth magnified the effect of these changes in size.
Professor Stuart Haszeldine, University of Edinburgh, and Dr Emily Cox, Cardiff University
Both natural (e.g., afforestation, soil carbon sequestration) and engineered (e.g., fossil and bio-energy with carbon capture and storage, direct air capture) methods to capture and sequester carbon dioxide are likely to play a key role in getting us to net zero. This webinar will feature presentations by Dr Emily Cox from Cardiff University and Professor Stuart Haszeldine from the University of Edinburgh, to discuss potential business models which could make these methods an economic reality.
Professor Jon Gibbins, University of Sheffield and Director of the UKCCSRC, Dr Robert Ritz, University of Cambridge and Dr Emily Shuckburgh, University of Cambridge and Director of Cambridge Zero
How sound are climate change commitments? We will conclude this webinar series with short presentations and a panel discussion with Professor Jon Gibbins from the University of Sheffield, Dr Robert Ritz from the University of Cambridge, and Dr Emily Schuckbugh from the University of Cambridge and head of Cambridge Zero, to discuss the way and the extent to which business corporations fulfil their climate commitments, and how compatible these are with mid-century net zero targets.