How data on short selling can help prevent financial crisis
During the financial crisis some bankers crossed the line. Pedro Saffi, University Lecturer in Finance, says data could help us make sure they don't make the same mistakes again. In 2008, Pedro Saffi, now University Lecturer in Finance at Cambridge…
New limits to arbitrage
The structure of institutional stock ownership - not just the per cent of total institutional ownership - is important in understanding how limits to arbitrage prevent investors from adjusting prices to their efficient values, says study co-authored at Cambridge Judge Business…
O Globo: Experts point to ‘wrong choices’ by the Brazilian government
Pedro Saffi, University Lecturer in Finance at Cambridge Judge, spoke to major Brazilian newspaper O Globo about the downgrade of Brazil's credit rating to “junk” status. He said: The downgrade is the culmination of wrong economic choices made in the…
Risk paper honoured
Research paper on deleveraging risk co-authored by Pedro Saffi of Cambridge Judge wins third-place honours at Crowell Prize awards. A research paper on investment risk due to liquidity shocks, co-authored by Pedro Saffi, University Lecturer in Finance at Cambridge Judge…
Cambridge Business Magazine: Opposing management through proxy
Institutional investors often recall loaned shares prior to proxy votes when they want to express lack of support for management, according to research co-authored by Pedro Saffi, University Lecturer in Finance at Cambridge Judge, which was named best paper in…
Shareholder activism
Paper co-authored at Cambridge Judge finds that institutional shareholders recall shares to oppose management in proxy votes. Institutional investors often recall loaned shares prior to proxy votes when they want to express lack of support for management, according to research…
Six reasons why … star performers are bad for the bottom line
Everyone - shareholders, board members, even colleagues - loves a star performer. But how many deliver on the top hire promise? CJBS faculty Dr Jenny Chu, Dr Pedro Saffi and Professor Raghavendra Rau investigate why top names can actually have…
Six reasons why … good bankers will always turn bad
They want to be good, they promise to be good, but will they be good? Cambridge Judge Business School faculty Professor Raghavendra Rau, Dr Bang Dang Nguyen and Dr Pedro Saffi explore six reasons why, whether it's retail or investment,…
Increase transparency around proxy voting
Continued research into the role of institutional investors supports the importance of corporate governance for those investors and reinforces the message that the proxy-voting process is itself an important channel for corporate governance. Dr Pedro Saffi, University Lecturer in Finance…
FTSE Global Markets: Institutional investors voting study chosen by American Finance Association
A study focusing on role of institutional investors in governance will be presented at the 2013 American Finance Association meeting ... Pedro Saffi, co-author of the paper ‘The Role of Institutional Investors in Voting: Evidence from the Securities Lending Market,’…