The gender gap in household bargaining power: a portfolio-choice approach
by Ran Gu, University of Essex, Cameron Peng, London School of Economics and Political Science and Weilong Zhang, Fellow, Cambridge Endowment for Research in Finance, University of Cambridge When studying the allocation of household assets, virtually all existing papers start…
Voting and trading: the shareholder’s dilemma
by Professor Adam Meirowitz, University of Utah, and Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Dr Shaoting Pi In the study of enterprise ownership comparisons between ownership by investors of capital,…
Climate change, discounting, and the tragedy of horizons
by Andreas Charisiadis, Research Assistant, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance This year's UN Climate Change Conference, COP26, has been in the centre of a controversial debate over the extent to which current climate change…
Shareholder collaboration on corporate governance
by Dr Shaoting Pi, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Activist shareholders, who exert a large influence on firms' policies, typically only own small stakes and frequently interact with fellow shareholders of target…
Liquidation, bailout, and bail-in: insolvency resolution mechanisms and bank lending
by Professor Bart Lambrecht, Director of the Cambridge Centre for Finance and the Cambridge Endowment for Research in Finance Professor Bart Lambrecht The 2008-2010 financial crisis and the COVID-19 (coronavirus) pandemic have highlighted the importance of an orderly insolvency resolution…
What do capital structure models tell us about the payout policy?
by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance At the beginning of the COVID-19 (coronavirus) crisis, a massive drop in global dividends occurred as firms struggled to preserve cash in this…
Why do green stocks outperform?
by Dr Mehrshad Motahari, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Green, or environmentally friendly, companies have generated significantly higher stock returns compared to their brown peers in recent years. This gap in the…
Financial Times: Adaptable managers help companies pull trough
A study on UK companies’ survival rate co-authored by Geoff Meeks and Geoffrey Whittington featured in the Financial Times. The study, inspired by natural selection theory, finds that only 19 of 1,513 UK companies (1.26%) survived over the biblical “threescore…
Corporate Darwinism
Only 19 of 1,513 UK companies survived 70 years after mandatory consolidated accounts in 1948, says natural selection-inspired study at Cambridge Judge Business School. Business has long been portrayed in survival-of-the-fittest ("dog-eat-dog") and scriptural ("David and Goliath battle") terminology. A…
Demand for information
by Dr Shiqi Chen, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance Shiqi Chen We are entering into an era of Big Data, in which the demand and supply of data and information are growing…
