Did we learn enough from the last financial crisis to get better at engineering more resilient financial systems? A survey of global experts suggests that even with safeguards in place, there's a perpetually unpredictable element that creates systemic risk: people
Immigration can help economies become more dynamic and efficient, and research shows that inclusive policies create a net benefit, but they are increasingly a politically difficult sell. How are countries and regions around the world handling the challenge?
More than half the planet's population lives in urban areas, and cities are absorbing most of the world's population growth, putting pressure on the limited supply of housing. Ira Peppercorn '85, a consultant on international development, says that creating affordable housing in the developing world requires truly understanding how people in those communities live.
With the rise of the smartphone, the use of digital photography has exploded -- and with it concerns that we are paying more attention to documenting our lives than living them. In a new study, Yale SOM's Gal Zauberman investigated whether taking photos diminishes or enhances experiences.
Since their creation, index funds have allowed investors to diversify their holdings at a low cost. But according to research by Yale SOM's Florian Ederer, all of that diversification has a surprising side effect: in many industries, companies are owned by an overlapping set of investors, reducing their incentive to compete.
Shareholders own the corporation, so managers should maximize returns for shareholders, right? Corporate law expert Lynn Stout says that there are problems with this argument, starting with the fact that legally shareholders don't own a corporation. On top of that, she says, prioritization of shareholder value harms returns in the long run
Private equity experts and investors in India describe a unique developing market where even with bountiful capital and few opportunities for anything but minority shares the sector is profitable and a key to harnessing the country's tremendous entrepreneurial energy
New research is debunking myths about microfinance and showing how organizations can effectively address problems associated with poverty. Yale faculty Dean Karlan, Tony Sheldon, and Rodrigo Canales discuss the problems and the promise in the field of microfinance and the lessons for other kinds of social enterprise.