Warrington in the News Articles: page 16

Morgan Creek Capital Co-Founder and General Partner Sachin Jaitly (DBA ’23) explains the trend of governments around the globe holding crypto on CNBC, which is based on his dissertation research in the University of Florida Doctor of Business Administration program.

In Florida, the state’s growing population has been pushing up inflation – particularly via housing costs. It’s a trend that accelerated during the pandemic, when remote work gave some Americans the freedom to relocate, economists say. “A lot of people are still coming to Florida because the economy is really strong, and many like the fact that we don’t have an income tax like in New York, for example,” said Amanda Phalin, Instructional Associate Professor at the University of Florida.

Few companies grow at above-average rates for more than a year or two. Or, as the late British economist and philosopher John Maynard Keynes famously put it, trees don’t grow to the sky. This is especially important to remember now, with exuberant investors giving huge valuations to certain tech stocks. Cordell Eminent Scholar Jay Ritter offers insights into the “poster child” of such valuations – Nvidia.

The IPO window has opened—at least a crack—and private-equity sponsors are starting to line up. Jay Ritter, Cordell Eminent Scholar, said public stock investors are willing to put their money behind companies that lay out growth plans. An extreme example of that, he said, are biopharmaceutical startups. However, investors are less excited about companies that are growing rapidly just because they are selling their products or services below cost, according to Ritter.

Consumers may not take notice as they stock up on hot dogs and related condiments ahead of the July 4 holiday, but new research from Russell Berrie Eminent Scholar Chris Janiszewski suggests the placement of these products in grocery store displays can be highly orchestrated to influence your buying decisions.

Deal-needy SPACs have struck a series of pacts to take small health-care companies public as they race against the clock to avoid the risk of forfeiting the money they raised. Cordell Eminent Scholar Jay Ritter shares his insights.

The stock market allows investors to share in the long-run profits generated by well-run businesses. It also allows speculators to buy lottery tickets on startups that may succeed but usually don’t. In 2022, Cordell Eminent Scholar Jay Ritter reported on how IPOs issued between 1975 and 2018 had fared over the subsequent three years: 59% had negative returns, and 37% were down 50% or more.

The Cava restaurant chain is going public. Normally, that would not be big news. But right now, there aren’t a whole lot of companies champing at the bit to make initial public offerings on stock exchanges. Insights from Cordell Eminent Scholar Jay Ritter explain why the IPO market is so listless.

Following Russia’s invasion of Ukraine in 2022, Western governments implemented a suite of sanctions on Russian businesses, escalating the sanctions they implemented following Russia’s annexation of Crimea in 2014. However, new research from Clinical Associate Professor Alex Settles, based on the years following the Crimean annexation, reveals that the Russian sanctions only temporarily hurt targeted firms. The findings suggest that a major tool in the diplomacy toolkit – economic sanctions – do little to deter or reverse aggressive actions by other countries.

“We initially thought this research was going to show that the Russian sanctions worked,” Settles said. “But once we analyzed the data, we started seeing what we saw on the ground, which is there did not seem to be long-term negative impacts from these economic sanctions.”

New research from Assistant Professor Shu He finds selectively targeting drug dealers leads to fewer dealers and drop in transactions.