To Wall Street, There’s No Crisis Like a Banking Crisis
Tyler Muir finds that neither war nor deep recession darkens investor sentiment like sudden turmoil in the financial system
Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower
A study finds unexpected impact when a disruptive player enters market
Quick Quiz — Then on to Our Zoom Lecture
Welcome to UCLA Anderson Review's quiz, in which we aim to extract business and life lessons from faculty research we cover each month.
How Local Governance Came to England’s Economy
Nico Voigtländer found that to combat arbitrary taxes and corruption, merchants persuaded the king to cede control
Bringing a Sharper Focus to the Study of the Decline of Investment Diversification
Research measures the impact of global economic factors on returns
Winning Buoys One’s Perception of Democracy, But Even Some Losers Appreciate the Process
Insurrection at U.S. Capitol led some Trump voters to surprising assessment
How Life Insurers Insulate the Markets from Turmoil
Valentin Haddad’s research finds that insurers’ patient investing shields risky assets — and those who hold them — from steeper declines
The Strange Case of the Missing Stock Market Return
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return
New Technology Lifted Pay, Especially for the Bosses
Top executives saw much larger gains after broadband adoption than the workers below them
The Role of Board-of-Directors Pay in Effective Corporate Investing
A model juggles who should suffer when a project goes awry; job market prospects of the CEO; and the quality of information shared in the boardroom
When Exchange Rates Move, U.S. Companies Feel It — Even More Than Previously Thought
Firm-specific export data enables researchers to potentially solve a puzzle in economics
LA Residents Exposed to Wildfire Smoke Face Heightened Health and Financial Risk
Far from burn zones, especially for renters and those with iffy credit, money troubles follow fires
Largest Firms’ Stock Gains Skew Big Picture on Worker-Owner Income Division
Wage earners get larger (relative) share at smaller companies, not at giants like Apple, Alphabet and Amazon
Quick Quiz — Stuff You Might Know
Academic medical centers, French elections and Chinese garment workers
$52.6 Billion: Extra Cost to Consumers of Add-On Drug Patents
The figure is a subset, not covering huge expense of extended patents on high-priced biologics like Humira
Whatever Your Business Problem, There’s Research to Assist You
Avoiding crowds, crafting cover letters and choosing a major at West Point