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![smokestacks, wind turbine, solar panel](/imager/clientcontent/315740/Full_0722_ESG_Investing_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/315740/Full_0722_ESG_Investing_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/315740/Full_0722_ESG_Investing_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
July 12, 2022
Jeff Ubben Explains His “Anti-ESG ESG” Investment Strategy
In a recent conversation with Kellogg’s Robert Korajczyk, the hedge-fund leader breaks down his unique approach to mission-driven investing.
Robert Korajczyk and Jeff Ubben
![cityscape with pricetags](/imager/clientcontent/309115/Full_0522_Real_Estate_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/309115/Full_0522_Real_Estate_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/309115/Full_0522_Real_Estate_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 14, 2022
Real Estate Investors See Opportunity, Despite Inflation and Uncertainty
“The pace at which the world is changing in terms of how people use space is extremely exciting.”
Kimberly Adams, Seth Singerman and Efraim Benmelech
![stock trader surrounded by computer monitors](/imager/clientcontent/308946/Full_0522_Trading_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/308946/Full_0522_Trading_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/308946/Full_0522_Trading_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 6, 2022
Can Investors Create Profitable Trading Strategies Based on Academic Findings?
It hasn’t been clear if information from the ivory tower translates to the trading-room floor. A new study tackles the question by looking at research on earnings announcements.
Matthew R. Lyle and Teri L. Yohn
![](/imager/clientcontent/255921/email_0221_gamestop_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/255921/email_0221_gamestop_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/255921/email_0221_gamestop_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 5, 2022
Apple’s Inflation Problem
The company faces a “double whammy” due to its cash hoarding.
Efraim Benmelech
![](/imager/clientcontent/303525/Full_0422_offshore_profits_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/303525/Full_0422_offshore_profits_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/303525/Full_0422_offshore_profits_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 29, 2022
Why Are U.S. Companies Hoarding So Much Cash?
More than anything else, it comes down to taxes.
Michael Faulkender, Kristine W. Hankins and Mitchell A. Petersen
![A package delivery person arrives.](/imager/clientcontent/183687/operational-transparency_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/183687/operational-transparency_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/183687/operational-transparency_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 17, 2022
What Can We Learn from Amazon’s Stock Split?
We may have to wait and see what this move signals for the tech sector.
Efraim Benmelech
![High frequency traders affect the markets in many ways - in most cases, positively.](/imager/clientcontent/7939/freq_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/7939/freq_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/7939/freq_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 24, 2022
Meme Trading Is Not Dead—It Will Continue to Rile Markets
Investors are going to continue using social media to gain a trading edge.
Phillip Braun
![dense cityscape on lakefront](/imager/clientcontent/292380/Full_0122_Real_Estate_Constraints_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/292380/Full_0122_Real_Estate_Constraints_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/292380/Full_0122_Real_Estate_Constraints_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 2, 2022
Would Housing Cost Less If It Were Easier to Build New Homes? Surprisingly, Not Much.
A new study suggests that supply and demand are only part of a complex problem.
Charles Nathanson, Raven Molloy and Andrew Paciorek
![An investor uses two connecting ladders to climb a tall dollar sign.](/imager/clientcontent/133426/kellogg_tools-for-investing_01-alt-01_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133426/kellogg_tools-for-investing_01-alt-01_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133426/kellogg_tools-for-investing_01-alt-01_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 10, 2022
SPACs: What You Don’t Understand Can Cost You Money
A Kellogg professor offers his perspective on why these investment vehicles can be losing propositions for many casual investors.
Phillip Braun
![two people stand on a scatterplot grid](/imager/clientcontent/293065/Full_0122_nonstandard_error_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/293065/Full_0122_nonstandard_error_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/293065/Full_0122_nonstandard_error_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 7, 2022
When a Bunch of Economists Look at the Same Data, Do They All See It the Same Way?
Not at all, according to a recent study, which showed just how much noise can be introduced by researchers’ unique analytical approaches.
Robert Korajczyk, Dermot Murphy and and coauthors
![person reads newspaper noting company's ESG initiative](/imager/clientcontent/271845/Final_0721_esg_news_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/271845/Final_0721_esg_news_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/271845/Final_0721_esg_news_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 4, 2022
Take 5: What Good Does It Do a Company to Do Good?
Kellogg faculty look at how ESG initiatives are received by investors, customers, and employees.
Aaron Yoon, Ravi Jagannathan, Jacob D. Teeny, Alexander Chernev, Brayden King and and coauthors
![man holding sack of money over his head while other man is crushed by sack of money](/imager/clientcontent/289491/Full_1221_small_business_loans_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/289491/Full_1221_small_business_loans_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/289491/Full_1221_small_business_loans_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
December 1, 2021
Can Larger Loans Help Small Firms Grow?
Sometimes. But it turns out that lenders are bad at figuring out which businesses will benefit.
Bryan T. Gharad, Dean Karlan and Adam Osman
![person changing currency at currency exchange kiosk](/imager/clientcontent/286514/1121_Full_Exchange_Rates_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/286514/1121_Full_Exchange_Rates_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/286514/1121_Full_Exchange_Rates_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
November 1, 2021
A Surprising Reason Why Currency Exchange Rates Fluctuate
New research suggests an answer to a longstanding economic puzzle.
Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig
![person reads newspaper noting company's ESG initiative](/imager/clientcontent/271845/Final_0721_esg_news_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/271845/Final_0721_esg_news_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/271845/Final_0721_esg_news_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 2, 2021
Does Positive ESG News Help a Company’s Stock Price?
A comprehensive new study finds that investors reward some—but not all—efforts.
George Serafeim and Aaron Yoon
![Man hanging "Help Wanted" sign in shop door](/imager/clientcontent/271815/Full_0721_Hiring_129de2f2c7f55b0f97f5a7a8d31fc0ad.jpg 600w, /imager/clientcontent/271815/Full_0721_Hiring_d4ff8c14d9cbec19ff08353a3a8ee1d2.jpg 300w, /imager/clientcontent/271815/Full_0721_Hiring_0787d990335c0e616ca8821c30d63d4d.jpg 25w)
July 1, 2021
Employers Are Struggling to Hire Workers. Here Are 4 Things They Can Do about It.
Companies will need to address employees’ needs differently going forward.
Phillip Braun
![two people shake hands in a building lobby](/imager/clientcontent/270186/Full_0721_Private_Equity_meeting_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/270186/Full_0721_Private_Equity_meeting_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/270186/Full_0721_Private_Equity_meeting_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
July 1, 2021
Private-Equity Firms Are Back at the Deal Table. Here’s What to Expect.
Funds are flush with cash and ready to buy. But they’ll have competition.
Alex Schneider
![man holding green bond certificates](/imager/clientcontent/268233/Full_0621_Green_Bonds_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/268233/Full_0621_Green_Bonds_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/268233/Full_0621_Green_Bonds_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 9, 2021
How Green Are Green Bonds?
Large companies issuing green bonds may have more to do with interest rates than altruism.
Efraim Benmelech
![martini glass with dollar sign skewer](/imager/clientcontent/259717/Full_0421_Bonds_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/259717/Full_0421_Bonds_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/259717/Full_0421_Bonds_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 26, 2021
Bonds. Corporate Bonds.
Corporate bond markets have proven remarkably resilient during the pandemic—and companies with strong credit are poised to benefit.
Efraim Benmelech
![computer chip with federal reserve building in board](/imager/clientcontent/259829/Full_0421_Digital_Currency_chip_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/259829/Full_0421_Digital_Currency_chip_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/259829/Full_0421_Digital_Currency_chip_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 23, 2021
It’s Time for Central Banks to Start Issuing Their Own Digital Currencies. Yes, Even the Fed.
The case for why central banks and policymakers must jump in the race now or risk getting left behind.
Axel Wieandt
![Shoppers use debit card terminal](/imager/clientcontent/258985/Full_0421_Debit_Cards_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/258985/Full_0421_Debit_Cards_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/258985/Full_0421_Debit_Cards_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 1, 2021
How Debit Cards Are Helping Low-Income Households Save—and Benefiting Their Neighbors Too
A federal initiative in Mexico had huge spillover effects.
Pierre Bachas, Paul Gertler, Sean Higgins and Enrique Seira
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