March 29, 2017

Research News RSS

Kenneth Rosen
A Solution to the Mortgage Crisis

By Kenneth Rosen, Chairman of the Fisher Center for Real Estate and Urban Economics, University of California at BerkeleyAmericans face a financial crisis the likes of which we have not seen since the stock market crash of 1929.  The mortgage and housing markets are spiraling downward.   Banks and other financial companies continue to face accelerating write-downs of their mortgage portfolios. If this downward spiral continues, the destruction will sweep through the U.S. and international economies, wreaking havoc from Wall Street to Silicon Valley, from London and Paris to Singapore and Bangalore.  (12/03/2007)

Robert Edelstein
Prof. Edelstein Helps Launch New Real Estate Indices

New financial options based on real estate indices designed with the assistance of Haas Professor Robert Edelstein debuted in October on the Chicago Mercantile Exchange. (11/29/2007)

Eduardo Andrade
Asking the Boss for a Raise

Waiting until your boss is in a good mood to ask for a raise may be a popular strategy, but what if the boss knows you know she is a good mood? (10/03/2007)

David Levine
Paving the Way with Good Intentions

A centuries-old proverb, "The road to hell is paved with good intentions," was the unlikely inspiration for new research by Professor David Levine. (09/17/2007)

Jennifer Aaker
Last-Minute Shoppers Settle For Less

It's early January, and you are just beginning to entertain a number of grand ideas about the most romantic way to demonstrate your affection to your sweetheart for Valentine's Day. Now imagine the calendar rolls forward to February 13, and you still have not bought a gift. The unpleasant possibility of waking up tomorrow morning empty-handed probably weighs heavier on your mind than any grandiose notion of thrilling your sweetheart with the perfect present. Suddenly, getting a gift that is merely "not bad" is of paramount concern. (07/18/2007)

New Research Finds Red Flags to Uncover Accounting Fraud

Growth companies suffering deteriorating operating performance are most likely to cook their books, according to a comprehensive analysis of Securities and Exchange Commission enforcement releases by Accounting Professor Patricia Dechow.  (07/05/2007)

Terry Odean
Individual Investors See Red, Prof. Terry Odean Finds

Finance Professor Terry Odean compares amateur stock trading to a tourist playing poker with the professionals in the smoky backroom of a Las Vegas casino. (06/05/2007)

Oliver Williamson
Professor Oliver Williamson Named Distinguished Fellow by American Economic Association

Oliver E. Williamson, a professor emeritus at the University of California, Berkeley's Haas School of Business and expert in transaction cost economics, was honored last month as a 2007 Distinguished Fellow of the American Economic Association (AEA). (05/15/2007)

Nancy Wallace
A House of Cards: Prof. Nancy Wallace Warns of Risk in Real Estate Securities

Earlier this year a flurry of bad news in the subprime mortgage market spooked Wall Street and generated more debate about the volatility of the residential real estate market. But the rapid meltdown in the subprime mortgage market was not as surprising to Haas School Professor Nancy Wallace, whose research has raised serious concerns about risk models widely used in the residential mortgage industry. Now Wallace predicts that limitations with risk-management methods in the securitized commercial mortgage market will lead to turmoil in that corner of real estate. (05/15/2007)

Ernesto Dal Bó
Power Breeds Power in Politics

The political landscape in the United States is littered with examples of political dynasties; President George W. Bush, House Speaker Nancy Pelosi, and Former Vice President Al Gore are but a few examples. Although access to political institutions may have increased in recent decades, a new study finds some evidence of a self-perpetuating political elite in Congress. (04/19/2007)

Rashi Glazer
Professor Glazer Predicts Big Effects of Nanotech

Haas School Marketing Professor Rashi Glazer paints a futuristic picture of the sociopolitical and business implications of nanotechnology in a recent essay published by Harvard Business Review. (04/16/2007)

Vogel Addresses Business Ethics in Los Angeles Times Piece Titled, "When Do 'Good' Firms Go 'Bad'?"

No energy firm has been criticized as vehemently by environmentalists as Exxon Mobil, which refuses to acknowledge, let alone ameliorate, the risks of global climate change. Yet, in contrast to BP, since the 1979 Exxon Valdez oil spill, Exxon Mobil has had an exemplary record on both workplace safety and pollution control. And unlike Shell, another energy firm applauded for its commitment to "sustainability," its financial reporting has been a model of probity. How then should we rank Exxon Mobil's overall ethical behavior? (02/13/2007)

Henry Chesbrough
New Chesbrough Book Shows Companies How to Foster Innovation

In a new book that already has drawn glowing reviews, Haas School Adjunct Professor Henry Chesbrough calls on companies to break down their walls to foster innovation. (02/07/2007)

Mark Seasholes
Individual Investors Fail to Outperform with Local Stocks

The idea of "local knowledge" – or "investing in what you know" – is popular stock-picking advice that doesn't appear to hold true for individual investors, according to new research from the University of California, Berkeley's Haas School of Business. (02/01/2007)

Alexandre Mas
Study Finds Lower-Than-Expected Pay for Police Officers Results in Performance Decline

In a study examining the relationship between pay raises, expectations, and performance, Haas School Assistant Professor Alexandre Mas found that police performance declined sharply when officers lost in arbitration over their wages. (12/19/2006)

Jonathan Leonard
Study Finds Weak Link Between Workplace Diversity and Turnover

Contrary to popular thinking among some diversity consultants, employing workers of many different races has little effect on average turnover in a retail workplace, although employees do quit more often if fewer colleagues are the same race, according to a recently published case study by two professors at the University of California, Berkeley, Haas School of Business.  (10/05/2006)

Michael Katz
Two UC Berkeley Haas School of Business Professors Negative on Network Neutrality

Recent research by Haas Professors Michael Katz and Benjamin Hermalin sheds new light on the discussion of network neutrality, showing that legislating a single tier of Internet service could prove harmful to both low- and high-end users. (09/19/2006)

Cameron Anderson
Powerful People Take More Risks

Powerful people view life through rose-colored glasses, with their more optimistic outlook ultimately leading them to engage in riskier behavior, according to Cameron Anderson, an assistant professor at the University of California, Berkeley's Haas School of Business. (09/14/2006)

Waverly Ding
Women Life Scientists in Academia File Fewer Patents

Female life scientists in higher education patent their work at a rate of 40% of their male peers, according to a recently published article co-authored by University of California, Berkeley Haas School of Business Assistant Professor Waverly Ding.  (08/03/2006)