http://insight.kellogg.northwestern.edu/index.php en e-pitt@kellogg.northwestern.edu Copyright 2009 2009-06-01T12:46:47+00:00 http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/picking_up_pennies_for_profit/ http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/picking_up_pennies_for_profit/#When:11:46:47Z Predictable patterns in stock prices: There’s more to “buy low, sell high” than just buying low and selling high. Twitchy markets spew endless, jittery streams of temporary highs and retreating lows. Which low is the “buy” low? When is the “sell” high? A sellers’ high today may be humdrum in a week. Noontime buyers’ rock-bottom low might not impress an hour later. Given these fluctuations in stock prices and the recalibration of highs and lows, traders probe the peaks and valleys in search of patterns and values. New research by Robert Korajczyk (Professor of Finance at the Kellogg School of Management), Kellogg alumnus Ronnie Sadka (Professor of Finance at Boston College), and Steven L. Heston (Professor of Finance at the University of Maryland) reveals surprising patterns that can help predict daily peaks in stock price. This work was deemed so influential in the field of quantitative investment that it was awarded the 2009 Crowell Prize by PanAgora Asset Management. Finance, Managerial Economics 2009-06-01T11:46:47+00:00 http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/sales_force_effectiveness/ http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/sales_force_effectiveness/#When:11:46:23Z First ask the right questions: Salespeople spend their days working on the front lines of business, solving client problems and generating revenue. Their mission-critical efforts impact the balance sheet and can delight management and shareholders. 2009-06-01T11:46:23+00:00 http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/driven_offshore/ http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/driven_offshore/#When:11:46:18Z An unintended consequence of Sarbanes-Oxley: In 2002 the U.S. Congress responded to the corporate governance crisis that followed the scandal-ridden behavior of Enron, Tyco, WorldCom, and other high-profile corporations by passing the Sarbanes-Oxley Act (SOX). The legislation set out to restore investors’ confidence in financial markets by improving corporate governance. However, in the case of at least one group of companies, the act seems to have produced unexpected results. A study co-authored by Thomas Lys (Professor of Accounting Information & Management at the Kellogg School of Management) indicates that the managements of poorly governed foreign-domiciled firms responded to the act by closing shop in the United States. Accounting, Finance, International Business, Policy, Politics & Social Enterprise 2009-06-01T11:46:18+00:00 http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/counterfeit_competition/ http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/counterfeit_competition/#When:11:46:04Z Driving up price and quality: Strong intellectual property rights (IPRs) are generally considered necessary to encourage innovation and protect the price of authentic products. However, research by Yi Qian (Assistant Professor of Marketing at the Kellogg School of Management) shows that under some circumstances the quality and prices of authentic goods can actually increase with the market entry of counterfeit products. Marketing 2009-06-01T11:46:04+00:00 http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/global_dual_sourcing_strategies/ http://insight.kellogg.northwestern.edu/index.php/Kellogg/article/global_dual_sourcing_strategies/#When:11:45:47Z Should you source your carbon fiber bicycle frames from Mexico or China?: Many researchers say that their greatest flashes of inspiration come not from extraordinary events but from everyday activities. Intuitive leaps are triggered by observing life unfolding around them, they say. We are all familiar with the anecdote - historically accurate or not - of an apple falling on Isaac Newton’s head while he rested beneath the tree, jolting him to contemplate universal gravitation. International Business, Managerial Economics, Operations 2009-06-01T11:45:47+00:00 http://insight.kellogg.northwestern.edu/index.php/CodeRed/blog/tax_deductibility_redux/ http://insight.kellogg.northwestern.edu/index.php/CodeRed/blog/tax_deductibility_redux/#When:11:53:31Z The stunning news from the CBO that health reform may cost a trillion dollars and only put a dent in the crisis of the uninsured has us thinking more about tax reform. Economics of Healthcare 2009-06-22T11:53:31+00:00 http://insight.kellogg.northwestern.edu/index.php/fpi/blog/the_empire_strikes_back/ http://insight.kellogg.northwestern.edu/index.php/fpi/blog/the_empire_strikes_back/#When:23:09:12Z As nightmarish memories of September 2008 fade, the financial industry is gearing up to fight new regulations. The battle lines are being drawn and became more visible this week. Finance and the Public Interest 2009-06-04T23:09:12+00:00 http://insight.kellogg.northwestern.edu/index.php/finance/blog/californias_i.o.us/ http://insight.kellogg.northwestern.edu/index.php/finance/blog/californias_i.o.us/#When:14:38:25Z The State of California’s tax revenues fall far short of its spending and the legislature and governor are unable to close the gap, due in part to the large number of constitutionally-imposed constraints and in part to all the usual hurdles to forging agreement among a diverse group of human being (here is the NY Times article). So the State is planning to start issuing i.o.u.’s to pay its creditors. Further, these i.o.u.’s may pay interest (they did in 1992).  How should we think of and value these new assets? Everything Finance 2009-06-30T14:38:25+00:00