Distinguished Professor of Finance; J. Fred Weston Chair in Finance
Widely regarded as one of the more influential economists of his generation, Ivo Welch has authored numerous publications with far-reaching citation impacts. Known for his work on informational cascades, he has also published work on initial public offerings, capital structure, dividends, market-timing, performance evaluation, earnings management, overconfidence, socially responsible investing and bankruptcy.
We won’t call it debunking, but not all investing tips hold up
Individuals using the Robinhood trading app appear to beat the market
When bad times hit, highly indebted companies often have to sell operations and equipment at fire-sale prices
Adjusting for inflation — and, crucially, for taxes — shows bond investors fare better than they might think
Investors in leveraged companies take on extra risk, but research indicates they see no offsetting return