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Latest Scott Weisbenner Stories

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2010-04-26 11:25:00

University investment decisions can deepen job losses and other financial cuts when market collapses carve into budget-supporting endowment funds, a new study by the National Bureau of Economic Research found. Researchers say the findings show that universities need to re-evaluate investment portfolios and policies to cushion the blow when market downturns wither endowments, a growing economic engine for colleges over the last two decades. "A secretary at Harvard probably had no idea her...

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2010-03-04 16:54:16

CHAMPAIGN, Ill. "” Debate has simmered for a half-century over why firms pay out cash dividends, siphoning money away from business-building investments and often creating an added tax burden for the shareholders who collect them. New research has uncovered a surprising springboard for thousands of smaller companies and banks that share profits with investors instead of sinking everything back into the business. A key trigger, according to findings that will appear in the Journal of...

2009-11-09 14:25:02

Firms with heavy long-term debt that came due amid the nation's recent credit crisis slashed investment more than three times as much as companies whose paybacks ducked the meltdown, a new University of Illinois study found. The findings show that even seemingly minor financing decisions such as debt maturity deadlines can put firms at risk when the economy sours, carving into investments that seed future growth, hiring and profits, the study says. "Our message is that firms should sweat the...

2009-08-13 14:43:11

Jeffrey R. Brown and Scott Weisbenner say the unique study shows that unexpected inheritances hasten retirement, lending new credence to widely held economic theory that people value leisure time and will parlay newfound wealth into less work."This study shows that at least some people approaching retirement work just for the money, not for love of the job," Brown said. "When unexpected wealth comes their way, a significant number respond by retiring early, not by continuing to work and...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.