Events

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.

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The Cambridge Master of Accounting degree programme is designed to bridge students to global leadership roles in accounting, finance, and related fields.

To support this, the faculty are pleased to host our curriculum advisors Alexi Wellman, CFO of Altaba and former Global Controller at Yahoo, and Steve Voskuil, CFO of the Hershey Company and former CFO of Kimberley-Clark International, for a moderated discussion of how professionals might successfully navigate their careers towards a Chief Financial Officer role.

The discussion should provide insights about the skills needed, in today’s volatile business climate, to engage as a publicly-traded corporate CFO.

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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.

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Through a curriculum designed to transform individuals professionally and personally, and a strong focus on practical project work, the Cambridge MBA has propelled graduates from military backgrounds into positions in companies such as Amazon, Google, Booz Allen Hamilton and leading investment banks.

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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.

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