Retail financial innovation and stock market dynamics: The case of target date funds
"We show that the rise of TDFs has changed the flow of investor funds across funds and started affecting the prices and returns of stocks."
"We show that the rise of TDFs has changed the flow of investor funds across funds and started affecting the prices and returns of stocks."
"MIT Sloan is engaging faculty from across MIT in this unique collaboration to develop Bain and Company's ESG capabilities broadly."
"You have to understand what they care about and what they invest in and how they trade that off against how much return they're expecting."
"We don't see massive misuse as some people allege. This isn't a rigged game where CEOs are lining their pockets."
The thesis of Prof. David Thesmar's study is that IICCs, not Capm outputs, are the right discount rates to use in each category of company.
Prof. Michelle Hanlon urges caution in determining AFSI for insurers.
"If you combine multiple diseases into a single financial portfolio, all of a sudden the risk-reward trade off becomes more attractive."
Prof. Stuart Madnick says federal law doesn't require companies to report ransomware payments beyond those affecting critical infrastructure.
WSJ Wealth Expert Antoinette Schoar of MIT discusses her research on the quality of financial advice commonly given to clients.
BY ROBERT POZEN, OPINION CONTRIBUTOR - 07/16/17 9:00 AM ET