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Research
Research
 

Featured Research

 

Our Finance area faculty conduct research on a number of different topics important to the finance profession. Below are a few examples of our recent work.

Short Take

Mortgage Prepayments: Factors beyond Interest Rate Movements

Mikhail Chernov and Francis Longstaff developed a model for estimating the impact of economic variables on the pricing of prepayment risk

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Short Take

Sizing Up the Measurable Good of Affirmative Action

An economic model by Bernard Herskovic sets aside who loses and focuses on efficiency and overall growth

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Short Take

Chinese Investors Learn about Derivatives the Hard Way

Avanidhar Subrahmanyam’s examination of warrant trading reveals individuals’ poor grasp of complex securities

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Short Take

Single-Family Rentals: What Drives Investor Return?

Andrea Eisfeldt’s unique data set provides fresh insights for the growing institutional investor market

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Short Take

How Tech's Disruption Alters Investors' Appetite for Risk

Stavros Panageas suggests that new technology's upending of the old creates demand for alternative assets to offset risk

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Time Management for Startups: Entrepreneurs Act as if Future Hours Aren’t Worth Much
Feature

The Housing Meltdown Would Have Been Far Worse Without California’s Anti-Foreclosure Laws

Restraining lenders saved hundreds of billions in home value

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Short Take

Local-Level Mortgage Lending: How Competition Pushes Rates Higher, Not Lower

A study finds unexpected impact when a disruptive player enters market

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Short Take

When Younger Investors Overreact to News, Others Feel It

Inexperienced investors, lacking historical context, impact markets

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Short Take

In China, Big Investors Have Brilliant Timing ― Or Do They Know Someone?

Avanidhar Subrahmanyam’s research scans a million brokerage accounts, finding the wealthy trade ahead of market-moving news

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Short Take

Clues to the Market When Mortgage Originators Delay Securitization

With high-quality borrowers hard to judge from afar, Alt-A market offers quiet signal on creditworthiness

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Read More at the UCLA Anderson Review