Words matter: Earnings call language can foreshadow credit risk
Words company officials use in quarterly earnings calls with investors and analysts can be telling. An Olin Business School researcher and co-authors conducted a detailed, machine-learning study of such earnings calls.
In India, riots have lasting impact on how loans are made
Riots that resulted in anywhere from 10 to 1,000-plus deaths in their hometowns ultimately influenced lending decisions among hundreds of loan managers in India — and the effect endured for decades, reveals a new study involving Washington University in St. Louis. The research shows a country’s ethnic fissures can create crevasses in its road to economic progress.
Booth, leaders headline Wealth and Asset Management Research Conference
Key leaders from some of the United States’ largest financial-adviser firms are featured speakers at the fourth annual Wealth and Asset Management Research Conference Aug. 22 and 23 at Knight Hall’s Emerson Auditorium on the Washington University in St. Louis campus.
Competence, confidence affect whether investor ‘sharks’ bite
An Olin Business School faculty member teamed up with three researchers from Michigan State University to examine investors’ decision-making, and they came up with a novel idea for a laboratory: ABC’s reality TV show “Shark Tank.”
New theoretical model links loans to bank’s capital on hand
A Washington University in St. Louis finance and regulations scientist has published a paper with a theoretical model that basically proposes bridging the divide between bankers and politicians to link such capital requirements to something of a political football: credit allocation — a bank’s business of financing loans.
Research on the wisdom of crowds: Making the bandwagon better
Before customers jump on the bandwagon of online crowd information and buy a dinner, a book, or a movie ticket, suppose there were a way to make the bandwagon better? That’s the central question behind “Harnessing the Wisdom of Crowds,” a research paper co-authored by Washington University in St. Louis’ Xing Huang and published in the journal Management Science.
Stock analysts accentuate the negative so firms can achieve more positives, study finds
A new study involving two Olin Business School researchers finds that analysts disseminate earnings news by revising share-price targets or stating they expect firms to beat earnings estimates, often tempering such information — even suppressing positive news — to facilitate beatable projections.
Study: Passive investors facilitate activists’ ability to be aggressive
A new study led in part by Olin Business School’s Todd Gormley finds that increasing numbers of passive investors is encouraging activism targeted at board makeup changes, proxy settlements and the sale of the business or its parts.
Banner days for women in Olin’s MBA
Schoolwide efforts are among the threads weaved into the fabric of an Olin Business School MBA program ranked No. 4 in the world for women, according to a Financial Times analysis — placing it behind only Stanford and the University of California, Berkeley among U.S. universities, and China’s Shanghai Jiao Tong, but just ahead of Harvard.
Zhang named Yangtze River Scholar
For the third time in four years, a Washington University in St. Louis faculty member has received the highest award that the People’s Republic of China bestows on an individual in higher education. Fuqiang Zhang,of Olin Business School, has been selected to receive the Yangtze River Scholar Award.
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