In a bid to instill confidence in First Republic and the broader sector, a coalition of major financial institutions—including J.P. Morgan, Bank of America and Citigroup—made $30 billion worth of deposits earlier this month. Cordell Eminent Scholar Jay Ritter said deposit outflows have slowed, in large part because those most willing to pull their funds have already done so.
Warrington in the News Articles: page 26
It’s no secret that Warrington faculty are internationally renowned for their innovative research. The media looks to our scholars for insights and impactful news. See below where our faculty are featured in the news.
Since 2019, the number of billion-dollar, venture-backed companies in the world has grown from 223 to 704 with a combined value of $2.3 trillion. Becoming a unicorn has been the ideal for many tech startups: it feeds the ego, leads to more publicity, breeds confidence and ultimately works to attract top-notch talent and customers. Yet new research and a look at historical IPOs suggest that many of those companies may not be worth as much as they say. Research insights from Cordell Eminent Scholar Jay Ritter and Ph.D. student Minmo Gahng inform this story.
Unicorn companies with IPO dreams might be in trouble
Utah BusinessHuber Hurst Professor of Business Law Robert Emerson shares his franchising insights as part of a panel discussion on The Law and Economics of Franchising at the Franchise Times Legal Eagles Virtual Summit on April 12. The free virtual summit begins at 10 am CDT.
Robert Emerson presenting at Franchise Times Legal Eagles Virtual Summit
Franchise TimesJack Kramer Term Associate Professor Michael Mayberry and Assistant Professor Scott Rane are co-authors of a new paper that finds that the risk-incentivizing component of option compensation is positively associated with conforming tax avoidance, while value-creation component of option compensation is negatively associated with conforming tax avoidance.
Executive compensation incentives influence firms' conforming tax avoidance, research finds
University of Kansas NewsCordell Eminent Scholar Jay Ritter shares insights on the US equity capital markets having the slowest start to a year since 2009, and dealmakers fear a rebound is nowhere near.
Stock Sales Suffer Worst First Quarter Since 2009 on Rates, SVB
BloombergForget the stereotype of a goodbye party in the break room followed by endless days on the golf course. Today, workers are staying on the job longer and taking on more “bridge employment,” or post-retirement jobs. Lanzillotti-McKethan Eminent Scholar Mo Wang talks about what these shifts mean for modern retirement, how retirement can affect people’s mental and physical health, and what workers—even those who still have many years left in the workforce—can do now to help set themselves up for a happy retirement in the future.
Speaking of Psychology: What does modern retirement look like? With Mo Wang, PhD
American Psychological AssociationA new paper co-authored by UF’s Alejandro Lopez-Lira and Wharton’s Nikolai Roussanov uses machine learning to construct investment portfolios that ensure predictability of returns in a world of changing risks.
Win the Race for Higher Risk-adjusted Stock Returns
Knowledge at WhartonFirst Republic Bank Stabilizes, But More Problems Are Lurking Around the Corner
San Francisco StandardTechCrunch spoke with Cordell Eminent Scholar Jay Ritter about why stakeholders aren’t likely to push too hard against super-voting shares, despite that now would seem the time to do it.
The market has changed, but super-voting shares are here to stay, says Mr. IPO
TechCrunchBanking regulators, which announced the deal late Sunday, had been looking for a buyer since seizing control of the failed bank. The deal for the bank, renamed Silicon Valley Bridge Bank after the F.D.I.C. seized it, included the purchase of about $72 billion in loans, at a discount of $16.5 billion. The discount applied to the loans could help set a benchmark for other banks seeking investment, said Mark Flannery, Bank of America Eminent Scholar.
Silicon Valley Bank Sold to First Citizens in Government-Backed Deal
The New York TimesRetail investors are piling into stock offerings, fueling a jump in new listings by micro-cap companies in the face of a banking crisis that is sidelining bigger deals. Cordell Eminent Scholar Jay Ritter shares his insights for this story.