Investment, overconfidence and the female edge
A piece in Les Affaires looks at how our emotions and confidence can get the better of us when it comes to our investment practises, citing the panic in 2008 as proof that the markets are ruled more by investor emotion than by rationality.
Stock overreaction to extreme market events
Authors: Pedro Piccolia, Mo Chaudhury, Alceu Souza and Wesley Vieirada Silvaa
Publication: The North American Journal of Economics and Finance, Vol. 41, July 2017
Abstract:
The paper investigates the behavior of individual US stocks during the 21 trading days following the event of extreme movement in the market index on a day.
Leverage and asymmetric volatility: The firm-level evidence
Authors: Jan Ericsson, Xiao Huang, Stefano Mazzotta
Publication: Journal of Empirical Finance, Volume 38, Part A, September 2016, Pages 1-21
Abstract:
Inflation or recession? The US Fed tries to untangle a financial mystery
A Weekly Standard op-ed examines the way the Fed is trying to tame a $4-trillion quantitative easing problem in case another recession hits.
Ottawa’s pot pricing plan likely to be affected by low rates in Quebec
Ottawa is going to have to find a way to keep legalized cannabis on the affordable side, thanks to the already low prices in Quebec. A new Public Safety Canada report states that, for comparable quality marijuana, Quebec pot consumers pay about $5.33 per gram, while non-Quebecers average $7.04.
Cannabis legalization and private enterprise in Quebec
This summer, the Quebec government will be running consultations into how legalized cannabis will be sold in Quebec. For Ottawa, the aim is that the provinces will regulate sales, hopefully with public health as the ultimate goal.
Female deans share advice for young women graduating from business schools
For convocation season, Poets & Quants asked several female deans of business schools what the current crop of new female grads should think about as they start out in the high-octane world of business, whether they’re entering the workforce or striking out on their own.
Desautels professor on Bangladesh Government’s bank-deposits tax
In a recent piece for The Daily Star, Desautels professor Mo Chaudhury calls the tax on bank deposits in the Government of Bangladesh’s 2017-18 budget a bad call, and gives six examples that outline exactly why. He acknowledges the ongoing budgetary challenges faced by the country, but counters that taxing bank deposits may send savers towards stocks, real-estate or even the black market, which will just compound the problem.
Short seller’s morning tweet seems to sink shares of two Canadian companies
After of a sell-off of shares in two Canadian companies was apparently triggered by a short seller’s morning tweet, Desautels professor Ken Lester derided the tweet, saying that “There’s no recourse. People can just put out whatever they want on the Internet.”
Toward a New Bretton Woods Agreement
Desautels Professor of Finance, Reuven Brenner, was recently published in American Affairs Journal, a quarterly journal of public policy and political thought.
2016-17 Desautels Teaching Awards
Congratulations to Professor Juan Serpa and Professor Sujata Madan who have been selected as the recipients of the 2016-17 Desautels Faculty Teaching Award for Undergraduate and Graduate teaching, respectively.
Movies that MBAs can learn from: professors have their say
Poets and Quants recently asked business educators to name their top picks for films from which MBAs could learn a lesson or two. The range of movies mentioned was wide, and included some films that do not, at first, seem to be obvious choices. So, while films like The Wolf of Wall Street, 1986’s Gung-Ho, and Margin Call show up on the list, some professors give the nod to movies like Zootopia and The Godfather.
Metaphor, literacy and ‘fake news’
Desautels Professor Reuven Brenner writes in a recent Asia Times op-ed that, as societies become literate, earlier metaphors become codified as literal truths, much to the detriment of those societies and the cultures that exist within them.
As feds unveil pot legalization plans, producers’ shares slip
Ottawa has released its plan to legalize marijuana, and the hit on big cannabis shares has been heavy. Concerns about how fast the government is moving to squeeze out illegal producers, a law-enforcement-heavy public announcement and a feeling that the government is stepping back from its plans for an industrial-scale market are leaving investors with questions.
Desautels achieves second consecutive win at PRMIA
Congratulations to Desautels undergraduate students: Evan Coulter, Valentyn Litvin, Meagan Prins, and Marina Simonian who won the top prize at the prestigious PRMIA International Risk Management Challenge- marking a second consecutive victory for the Faculty at this competition.
