The MIT Sloan School of Management announces a major gift from alumnus Bennett (Ben) W. Golub to support the MIT Center for Finance and Policy. Dr. Golub is senior managing director and chief risk officer of BlackRock, the global investment and risk management firm. In recognition of his gift, the Center will be named the Bennett W. Golub Center for Finance and Policy (GCFP). The mission of the Center is to serve as a catalyst for innovative, cross-disciplinary and nonpartisan research and educational initiatives that address the unique challenges facing governments in their role as financial institutions and as regulators of the financial system.
Assistant Professor of Finance, Haoxiang Zhu, was voted as one of the 2016 Best 40 Under 40 Professors by PoetsandQuants.com, a news website which covers news related to business schools and MBA programs.
The student led MIT Impact Investing Initiative (MI3) took home the grand prize at MIINT, a $50k early stage impact investing competition with 25 participating teams from top ranked universities around the world (incl. HBS, Wharton, Stanford and Kellogg).
Richard Thakor won the 2016 MIT Sloan thesis prize for demonstrating that limiting financial constraints on a business can reduce the misallocation of assets and trigger economic growth.
A new study co-authored by an MIT professor, Xavier Giroud, shows that venture capitalists do help startup firms by closely monitoring their development, and that the availability of direct airplane flights between the two parties helps improve that oversight.
Professor Deborah Lucas and MIT Center for Finance and Policy (CFP) Executive Director, Doug Criscitello, provide a commentary about China's impact on the equity and foreign-exchange markets.
Professor Zhu discusses the stock trading venues known as “dark pools”, which are coming under renewed scrutiny from government regulators.
Stewart Myers, Professor of Financial Economics at the MIT Sloan School of Management, has been named the recipient of the Morgan Stanley – American Finance Association (AFA) Award for Excellence in Finance for 2016. The award is granted bi-annually to an individual with significant career achievements and outstanding thought leadership in the field of financial economics. Candidates are evaluated based on the fundamental, sustained, and broad impact of their research.
For terminal patients with no existing treatments, it seems to make sense to be more lenient and approve drugs that, in the end, may not be effective,” said Lo, director of the laboratory for financial engineering at the MIT Sloan School of Management. “There are desperate patients out there who view this differently than the regulators.”
Robert C. Merton, 1997 Nobel laureate in economics and MIT Sloan School of Management distinguished professor of finance, cautions that asset owners concerned with pension liabilities should be paying more attention to long-term, rather than short-term, rates.
A California congressman plans to file legislation next week that would create a more modest version of Lo’s plan: A $400 million fund to finance development of drugs for rare diseases — with the federal government acting as a backstop, providing financial guarantees to attract private investment. If it works, Lo said, taxpayers could profit and patients could get access to new treatments.
Is there an optimal level of bank liquidity and regulation? Visiting professor Douglas Diamond is trying to find out.
Douglas Diamond came to the MIT Sloan Finance Group this fall as the Fischer Black Visiting Professor of Finance and will focus the bulk of his research and study on bank liquidity holdings and financial crises. Diamond, who is on leave from the University of Chicago’s Booth School of Business, recently spoke about his work and his plans.
During the economic crisis, we saw an interesting pattern of activity among commercial banks. As prices of securities dramatically dropped, banks purchased the securities, looking to make profits when the prices later increased. This had an effect on lending, as banks used their capital to buy securities rather than make loans. This despite the banks taking billions at the time from the Federal Reserve in liqudity support.
The ETF looks at Professor Mark Kritzman's research in systemic market risk and relates it to current emerging markets.
Professor Kogan spoke on Friday, May 29th at the Frontiers of Finance forum in New York, where he examined his scholarship into the connection between innovative patents and stock market fluctuations. In an interview afterwards, he addressed disruption in wealth management.
Professor Deborah Lucas, Director of the MIT Center for Finance and Policy, discusses the U.S. economy and budget on “Bloomberg Surveillance.”
Professor Jean-Noel Barrot has received a 2015 Kauffman Junior Faculty Fellowship in Entrepreneurship Research (KJFF) from the Ewing Marion Kauffman Foundation.
Seven exceptional scholars comprise the sixth class of Kauffman Junior Faculty Fellows. This $35,000 fellowship grant award recognizes their having begun to establish a record of scholarship and to exhibit the potential to make significant contributions to the body of research in the field of entrepreneurship.
The award will be presented during the Annual Meeting of the Academy of Management in Vancouver, British Columbia in August.
Professor Stewart Myers has won the 2015 Onassis Prize for Finance. Myers is best known for his influential research on capital structure and capital budgeting valuation. Throughout his distinguished career he has had a significant influence on the theory of banking and corporate finance and is notable for coining the term “real option”.
MIT Sloan Alum and Finance Group Advisory Board member, Ben Golub of BlackRock Inc., believes 2015 could become a “dangerous” year to take investment risks.