News & Events

In the News

Coverage of research supported by the Jacobs Levy Center and other news.

2022

How sanctions on Russia and the invasion of Ukraine affect the U.S. economy
Penn Today | March 29, 2022
Research: Xiang Fang, Yang Liu, and Nikolai Roussanov

What Investors Can Expect from High Inflation and Rate Hikes
Knowledge@Wharton | February 1, 2022
Research: Xiang Fang, Yang Liu, and Nikolai Roussanov

How Sea Level Rise Exposure Is Priced into Municipal Bonds
Knowledge@Wharton | January 25, 2022
Research: Paul Goldsmith-Pinkham, Matthew Gustafson, Ryan Lewis, and Michael Schwert

How Risk-shifting by Underperforming Funds Distorts Stock Prices
Knowledge@Wharton | January 18, 2022
Research: Xiao Han, Nikolai Roussanov, and Hongxun Ruan

2021

Why Borrowers Resist Using Their Homes as Collateral
Knowledge@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@Wharton | July 21, 2021
Research: Vadim Elenev, Tim Landvoigt, and Stijn Van Nieuwerburgh

What Rising Inflation Means for Stock Investors
Knowledge@Wharton | July 20, 2021
Research: Xiang Fang, Yang Liu, and Nikolai Roussanov

How a New Wave of Retail Investors Is Redefining Stock Pricing
Knowledge@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@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@Wharton | May 25, 2021

How Common Ownership of Startups Improves Innovation Efficiency
Knowledge@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@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@Wharton | November 9, 2020
Research: Lubos Pastor, Robert Stambaugh, and Lucian Taylor

Why Mispricing the Risks of Sea Level Rise Could Prove Costly
Knowledge@Wharton | November 3, 2020
Research: Benjamin Keys and Philip Mulder

How to Beat Analysts and the Stock Market with Machine Learning
Knowledge@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@Wharton | August 10, 2020
Research: Larry Cordell, Michael Roberts, and Michael Schwert

Could Quantitative Finance Help Avert Future Market Crashes?
Knowledge@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@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@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@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@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@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@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@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@Wharton | July 17, 2018
Research: Christopher Geczy, Jessica Jeffers, David Musto, and Anne Tucker

2017

Is Value Investing Really in the Doldrums?
Knowledge@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@Wharton | August 29, 2017
Wharton-Jacobs Levy Prize

What Money Managers Miss in Currency Carry Trades
Knowledge@Wharton | July 11, 2017
Jacobs Levy Center Research Paper Prizes

How Disagreements in Inflation Projections Affect Fixed Income Yields
Knowledge@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@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@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@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@Wharton | June 25, 2015
Research: Peter Feldhutter, Christian Heyerdahl-Larsen and Phillip Illeditsch

Can Uncertainty Be a Good Thing for Investors?
Knowledge@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@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@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@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