In the News
Coverage of research supported by the Jacobs Levy Center and other news.
2024
These investments will boost your net worth more than any growth stock
MarketWatch | April 23, 2024
Research: Sean Myers
Why ETFs work better in illiquid markets
Financial Times | February 7, 2024
Research: Anna Helmke
Texas ousts Barclays over net-zero policies, raising bond market concerns
S&P Global Market Intelligence | January 30, 2024
Research: Daniel Garrett
Academic research award: problem solvers for the planet
Financial Times | January 14, 2024
Research: Daniel Garrett
2023
BlackRock and ESG Brought Down Their Own Backlash
Bloomberg | December 20, 2023
Research: Luke Taylor and Robert Stambaugh
Feeling the pinch of high home insurance rates? It’s not getting better anytime soon
NPR | October 26, 2023
Research: Benjamin Keys
How Retail Investors Value ESG and Frame Sustainable Investment Strategies
Knowledge at Wharton | October 3, 2023
Research: Christina Zhu
Albert S. “Pete” Kyle: Wharton-Jacobs Levy Prize
University of Pennsylvania Almanac | September 26, 2023
2023 Wharton-Jacobs Levy Prize
Pete Kyle wins 2023 Wharton-Jacobs Levy Prize for trading model
Pensions & Investments | September 25, 2023
2023 Frontiers in Quantitative Finance Conference
Smith’s Pete Kyle Selected for Prestigious Wharton-Jacobs Levy Prize
University of Maryland | September 18, 2023
2023 Frontiers in Quantitative Finance Conference
Behind the Markets: Robert Novy-Marx
Wharton on SiriusXM Channel 132 | September 15, 2023
2023 Frontiers in Quantitative Finance Conference
University of Maryland finance professor wins Wharton-Jacobs Levy prize
Pensions & Investments | September 15, 2023
2023 Wharton-Jacobs Levy Prize
Wharton-Jacobs Levy Prize to Honor Kyle for Market Microstructure at September Conference
Press Release | September 15, 2023
2023 Wharton-Jacobs Levy Prize
Why stock valuation hinges more on returns than future earnings
Penn Today | September 12, 2023
Research: Sean Myers
Why we all need to think like Floridians now
Washington Post | September 5, 2023
Research: Benjamin Keys
Why Stock Valuation Hinges More on Returns Than Future Earnings
Knowledge at Wharton | August 29, 2023
Research: Sean Myers
The looming crisis that’s going to crush homeowners from coast to coast
Insider | August 23, 2023
Research: Benjamin Keys
What the COVID Experience Teaches About Designing a New Stimulus Package
Knowledge at Wharton | August 21, 2023
Research: William Diamond, Tim Landvoigt, and German Sanchez
How the Share of Green Stocks in Institutional Portfolios Is Vastly Overstated
Knowledge at Wharton | August 7, 2023
Research: Robert Stambaugh and Luke Taylor
Climate change and the future of homeowners insurance
Mountain Money | July 24, 2023
Research: Benjamin Keys
6 popular investment strategies of fund managers
Bankrate | July 20, 2023
Interview: Chris Geczy
5 finance chiefs on how A.I. is changing business: ‘It’s up to us as CFOs to harness this technology’
Fortune | July 18, 2023
Research: Winston Wei Dou
Why Increased Firm Competition Can Cause a Spiral of Distress
Knowledge at Wharton | July 11, 2023
Research: Winston Wei Dou
ESG investment returns face a slowdown
Financial Times | July 5, 2023
Research: Robert Stambaugh and Luke Taylor
Insurers pull back as US climate catastrophes intensify
The Hill | June 27, 2023
Research: Benjamin Keys
Climate change is fueling an insurance crisis. There’s no easy fix.
Washington Post | June 27, 2023
Research: Benjamin Keys
Igniting Minds, Transforming Markets: Jacobs Scholars Impact at Wharton and Beyond
Wharton Impact | June 6, 2023
Why Climate Change Is Making Homeowner’s Insurance More Expensive
Knowledge at Wharton | June 6, 2023
Research: Benjamin Keys
Special Report: Cashless talk
Economist | May 20, 2023
Research: Sergey Sarkisyan
Dr. Christopher Geczy on Asset Allocation, FOMO and the 60/40 Investment Portfolio
Adjusted for Risk Podcast | May 17, 2023
Interview: Chris Geczy
How to Bring More Predictive Power to Economic Forecasts
Knowledge at Wharton | May 9, 2023
Events: May 2023 Webinar
Your Homeowners’ Insurance Bill Is the Canary in the Climate Coal Mine
New York Times | May 7, 2023
Research: Benjamin Keys
When You’re Finally Ready to Retire, Consider Climate Change in Your Move
Barron’s | April 29, 2023
Research: Benjamin Keys
Wharton Professors Luke Taylor and Robert Stambaugh Win Kellogg’s Moskowitz Prize
Wharton News | April 13, 2023
Research: Robert Stambaugh and Luke Taylor
Finding the Model That Captures Investment Risks, but Not Mispricing of Assets
Knowledge at Wharton | April 4, 2023
Research: Robert Stambaugh
CFO Daily Newsletter
Fortune | March 30, 2023
Research: Nikolai Roussanov
Win the Race for Higher Risk-adjusted Stock Returns
Knowledge at Wharton | March 28, 2023
Research: Nikolai Roussanov
How Bond ETFs’ Plumbing Can Trip Up Investors When Markets Go Crazy
MarketWatch | March 8, 2023
Research: Yao Zeng
The conservative battle against ‘woke’ banks is backfiring
Washington Post | February 28, 2023
Research: Daniel Garrett
Brazil’s PIX payment system teaches us a valuable lesson
The Banker | February 24, 2023
Research: Sergey Sarkisyan
Texas’ “anti-woke” policies cost taxpayers millions
Axios | February 22, 2023
Research: Daniel Garrett
Bond ETFs suck liquidity out of market in a crisis, academics say
Financial Times | February 20, 2023
Research: Yao Zeng
Where U.S. house prices may be most overvalued as climate change worsens
Washington Post | February 16, 2023
Research: Benjamin Keys
Gas, airfares, car insurance: How transportation costs are impacting high inflation
CNBC | February 17, 2023
Commentary: Nikolai Roussanov
Guess Who Loses After Florida and Texas Bar ESG Banks?
Washington Post | February 14, 2023
Research: Daniel Garrett
Anti-environmental investing law costing Texas taxpayers $445 million a year
Environment America | February 9, 2023
Research: Daniel Garrett
2022
Recognizing an Investing Signal That Defied Wisdom, and Endured
Knowledge at Wharton | December 6, 2022
2021 Wharton-Jacobs Levy Prize
Jeremy Siegel: Why Stocks Will Remain Strong in the Long Run
Knowledge at Wharton | October 25, 2022
2022 Conference
Prof. Tobias Moskowitz Wins Jacobs Levy Center Best Paper Prize
Yale SOM News | October 11, 2022
Jacobs Levy Center Research Paper Prizes
McCombs Finance Chair and World-Renowned Scholar Sheridan Titman Celebrated for Field-Changing Research
UT News | September 29, 2022
2021 Wharton-Jacobs Levy Prize
Narasimhan Jegadeesh and Sheridan Titman: Wharton-Jacobs Levy Prize
University of Pennsylvania Almanac | September 27, 2022
2021 Wharton-Jacobs Levy Prize
Behind the Markets: Live from the 2022 Jacobs Levy Center Conference
Wharton on SiriusXM Channel 132 | September 16, 2022
Interview: 2021 Wharton-Jacobs Levy Prize Winners
2 win Wharton-Jacobs Levy Prize for paper on momentum investing
Pensions & Investments | September 13, 2022
2021 Wharton-Jacobs Levy Prize
Wharton-Jacobs Levy Prize to Honor Jegadeesh and Titman for Momentum Investing at September Conference
Press Release | September 13, 2022
2021 Wharton-Jacobs Levy Prize
Goizueta Faculty Rack Up Numerous, Prestigious Accomplishments
Emory Business | September 7, 2022
2021 Wharton-Jacobs Levy Prize
Texas Fought Against ESG. Here’s What It Cost
Knowledge at Wharton | July 12, 2022
Research: Daniel Garrett
Banks take DIY route by taking tech education in-house
Financial Times | June 12, 2022
MBA Major in Quantitative Finance
The Unintended Consequences of Capital Controls in Emerging Markets
Knowledge at Wharton | May 2, 2022
Research: Lorena Keller
How sanctions on Russia and the invasion of Ukraine affect the U.S. economy
Penn Today | March 29, 2022
Commentary: Nikolai Roussanov
What Investors Can Expect from High Inflation and Rate Hikes
Knowledge at Wharton | February 1, 2022
Research: Nikolai Roussanov
How Sea Level Rise Exposure Is Priced into Municipal Bonds
Knowledge at Wharton | January 25, 2022
Research: Michael Schwert
How Risk-shifting by Underperforming Funds Distorts Stock Prices
Knowledge at Wharton | January 18, 2022
Research: Nikolai Roussanov
2021
Why Borrowers Resist Using Their Homes as Collateral
Knowledge at Wharton | December 14, 2021
Research: Benjamin Collier, Cameron Ellis, and Benjamin Keys
When Bad News About the Climate Is Good for Green Stocks
The New York Times | November 5, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
Research on ESG returns wins Jacobs Levy prize
Pensions & Investments | November 1, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
ESG loyalty will be tested as performance starts to lag
InvestmentNews | September 14, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
ESG performance won’t last, academics warn
FT Advisor | September 10, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
Will Coronavirus Bailouts Save the U.S. Economy?
Knowledge at Wharton | July 21, 2021
Research: Vadim Elenev, Tim Landvoigt, and Stijn Van Nieuwerburgh
What Rising Inflation Means for Stock Investors
Knowledge at Wharton | July 20, 2021
Research: Xiang Fang, Yang Liu, and Nikolai Roussanov
How a New Wave of Retail Investors Is Redefining Stock Pricing
Knowledge at Wharton | July 13, 2021
Research: Jeremy Michels
What lies behind the returns from ESG investing?
MoneyWeek | July 5, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
Why Green Assets May Not Continue to Outperform
Knowledge at Wharton | June 29, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
New Report Suggests ESG Returns Might Not Have Been as Successful Without Concerns Around Climate
Wharton Business Daily | June 24, 2021
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
How Far Could Pension Funds Drive Sustainable Investing?
Knowledge at Wharton | May 25, 2021
How Common Ownership of Startups Improves Innovation Efficiency
Knowledge at Wharton | May 18, 2021
Research: Xuelin Li, Tong Liu, and Lucian Taylor
Jessica Wachter Named SEC Chief Economist and Director of the Division of Economic and Risk Analysis
SEC Press Release | May 3, 2021
Why Making Public Colleges Tuition Free Won’t Close the Enrollment Gap
Knowledge at Wharton | March 15, 2021
Research: Mehran Ebrahimian
Yellen’s GameStop Dilemma: How to Let Indexers Freeload in Peace
Barron’s | February 14, 2021
Commentary: Christopher Geczy and David Musto
2020
Why ESG Investors Are Happy to Settle for Lower Returns
Knowledge at Wharton | November 9, 2020
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor
Why Mispricing the Risks of Sea Level Rise Could Prove Costly
Knowledge at Wharton | November 3, 2020
Research: Benjamin Keys and Philip Mulder
How to Beat Analysts and the Stock Market with Machine Learning
Knowledge at Wharton | October 13, 2020
Research: Jules van Binsbergen, Xiao Han, and Alejandro Lopez-Lira
Why Collateralized Loan Obligations Will Not Cause the Next Financial Crisis
Knowledge at Wharton | August 10, 2020
Research: Larry Cordell, Michael Roberts, and Michael Schwert
Could Quantitative Finance Help Avert Future Market Crashes?
Knowledge at Wharton | July 1, 2020
Wharton will offer quantitative finance major for MBA students starting this fall
The Daily Pennsylvanian | April 23, 2020
Wharton School’s New Quantitative Finance Major, Professorship and Scholarship Program with $8 Million Gift from Bruce I. Jacobs
University of Pennsylvania Almanac | April 21, 2020
Why Free-lunch Strategies Cause Market Crashes
Knowledge at Wharton | April 20, 2020
Wharton to Offer Quant MBA Major With $8 Million Alumnus Gift
Bloomberg | April 2, 2020
Wharton awarded $8 million to establish quantitative finance major
Pensions & Investments | April 2, 2020
With $8M Gift, Wharton Creates A New MBA Finance Major
Poets & Quants | April 2, 2020
New Quantitative Finance Major and Dr. Bruce I. Jacobs Professorship and Scholars Mark New Chapter in Quantitative Finance Research and Education at the Wharton School
Press Release | April 2, 2020
How Undisclosed SEC Investigations Lead to Insider Trading
Knowledge at Wharton | March 2, 2020
Research: Terrence Blackburne, John Kepler, Phillip Quinn, and Daniel Taylor
2019
What’s the Link Between Mortgage Refinancing and Recessions?
Knowledge at Wharton | December 17, 2019
Research: Hui Chen, Michael Michaux, and Nikolai Roussanov
Behind the Markets: Interview with Ray Ball
Wharton Business Radio on SiriusXM | September 27, 2019
Behind the Markets: Interviews with Matthew Ringgenberg and Mihail Velikov
Wharton Business Radio on SiriusXM | September 27, 2019
Why a 1968 Paper Still Influences Modern Asset Management
Knowledge at Wharton | September 26, 2019
Wharton-Jacobs Levy quant prize to honor 2 accounting professors
Pensions & Investments | September 16, 2019
Wharton-Jacobs Levy Prize to Honor Ray Ball and Philip Brown for Financial Innovation at September Conference
Press Release | September 10, 2019
Do Corporate Audits Lead to Insider Trading?
Knowledge at Wharton | April 16, 2019
Research: Salman Arif, John Kepler, Joseph Schroeder, and Daniel Taylor
Family Firms and the Stock Market Performance of Acquisitions and Divestitures
Harvard Law School Forum | January 29, 2019
Research: Emilie Feldman
2018
The benefits of shadow banking in accommodating larger retirement needs
Vox CEPR Policy Portal | October 19, 2018
Research: Guillermo Ordonez
Shiller versus Siegel: Are Stocks Too High?
Advisor Perspectives | September 28, 2018
What Causes Financial Crises?
Knowledge at Wharton | September 25, 2018
Shiller, Siegel And Greenwood Discuss Valuations, Bubbles And More
Seeking Alpha | September 19, 2018
Siegel vs. Shiller: Is the Stock Market Overvalued?
Knowledge at Wharton | September 18, 2018
Shiller: The market is experiencing ‘irrational exuberance’
Yahoo! Finance | September 15, 2018
After the crash came the longest bull market ever. What now?
CNN Money | September 14, 2018
Nobel Prize winner Shiller sees ‘bad times in the stock market’ ahead
CNBC | September 14, 2018
Are Stock Prices Too Low or Too High? Siegel vs. Shiller
ThinkAdvisor | September 14, 2018
Behind the Markets
SiriusXM | September 14, 2018
Wharton’s Jacobs Levy Center to Revisit Peak of Global Financial Crisis, 10 Years Later, at Annual Conference
Press Release | August 29, 2018
Impact Investing: When Social Benefits Are in the Contract
Knowledge at Wharton | July 17, 2018
Research: Christopher Geczy, Jessica Jeffers, David Musto, and Anne Tucker
2017
Is Value Investing Really in the Doldrums?
Knowledge at Wharton | November 3, 2017
Christopher Geczy
Ross honored with quantitative innovation prize
Pensions & Investments | September 18, 2017
Behind the Markets: Live from the 2017 Conference
Wharton Business Radio | September 15, 2017
Interviews with Nikolai Roussanov and Richard Roll
Behind the Markets: 2017 Conference Preview
Wharton Business Radio | September 8, 2017
Interview with Christopher Geczy
Wharton-Jacobs Levy Prize to Honor Stephen Ross for Financial Innovation at September Conference
Wharton News | September 1, 2017
Wharton-Jacobs Levy Prize
How the Father of Arbitrage Pricing Theory Influenced Wall Street
Knowledge at Wharton | August 29, 2017
Wharton-Jacobs Levy Prize
What Money Managers Miss in Currency Carry Trades
Knowledge at Wharton | July 11, 2017
Jacobs Levy Center Research Paper Prizes
How Disagreements in Inflation Projections Affect Fixed Income Yields
Knowledge at Wharton | February 10, 2017
Research: Paul Ehling, Michael Gallmeyer, Christian Heyerdahl-Larsen, and Philipp Illeditsch
2016
What Are the Economic Benefits of the Shale Oil Boom?
Knowledge at Wharton | July 8, 2016
Research: Nikolai Roussanov
Yahoo sale could still draw Softbank, Alibaba
USA Today | July 7, 2016
Research: Emilie Feldman
At the Whiteboard with Chris Geczy
Wharton Magazine | Spring 2016
Christopher Geczy
Behind the Markets | May 20, 2016
Events: Spring 2016 Forum
Tracking Mutual Funds: What Drives Performance?
Knowledge at Wharton | May 10, 2016
Wharton-Jacobs Levy Prize
William F. Sharpe awarded Wharton-Jacobs Levy Prize
Pensions & Investments | May 10, 2016
Wharton-Jacobs Levy Prize
Wharton-Jacobs Levy Prize for Quantitative Financial Innovation to be Awarded to Nobel Laureate William F. Sharpe at 2016 Spring Forum
Wharton News | May 9, 2016
Wharton-Jacobs Levy Prize
What Is the Dow Jones Industrial Average (and Why Should I Care)?
Time Online | May 9, 2016
Christopher Geczy
2015
Selling the Golden-Egg Goose
The New Yorker | November 23, 2015
Research: Emilie Feldman
Why Wall Street Traders Keep Making a Fortune
Knowledge at Wharton | October 15, 2015
Research: Vincent Glode and Richard Lowery
Bloomberg Surveillance Radio | September 2015
Christopher Geczy
Top 10 Mistakes to Avoid When Starting Your Stock Portfolio
GOBankingRates | August 16, 2015
Christopher Geczy
Opinion: 12 market-beating stocks from a 214-year-old strategy
MarketWatch | July 10, 2015
Christopher Geczy
Building a Better Model for Valuing Bonds
Knowledge at Wharton | June 25, 2015
Research: Peter Feldhutter, Christian Heyerdahl-Larsen and Phillip Illeditsch
Can Uncertainty Be a Good Thing for Investors?
Knowledge at Wharton | June 2, 2015
Research: Gill Segal, Ivan Shaliastovich and Amir Yaron
Paper Rewarded in 2015
PhD Fellows: Yasser Boualam
Program Report: International Finance and Macroeconomics
NBER Reporter | 2015
Research: Enrique Mendoza
2014
When It Comes to CEOs, Equity and Press Releases, Timing Is Everything
Knowledge at Wharton | December 23, 2014
Research: Alex Edmans, Luis Goncalves-Pinto, Moqi Groen-Xu, and Yanbo Wang
Scale and Skill among Active Portfolio Managers
NBER Digest | June 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
‘Scale and Skill’: Why It’s Hard for Managed Funds to Beat the Indexers
Knowledge at Wharton | April 29, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
Managers improve, but scale kills
International Financing Review | February 26, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
New mutual funds better than older ones?
CNN Money | February 21, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
Why New Mutual Funds Are Better
The Wall Street Journal | February 21, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
Bigger Isn’t Always Better On Wall Street
Seeking Alpha | February 19, 2014
Research: Lubos Pastor, Robert Stambaugh and Lucian Taylor
The law of unintended consequences
The Economist | February 8, 2014
Research: Alex Edmans
‘Managerial Myopia’: How CEOs Pump Up Earnings for Their Own Gain
Knowledge at Wharton | February 7, 2014
Research: Alex Edmans
2011
Calculating the Impact of the New Quant Finance Center
Wharton Magazine | Fall 2011
Wharton Celebrates Launch of the Jacobs Levy Equity Management Center
Wharton Blog Network | September 9, 2011
Research Center, Prize to Foster Financial Analysis
The Wall Street Journal | September 7, 2011