Discoveries

Insights directly from faculty about their trailblazing financial research at the Wharton School.

The Future of Finance Podcast

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Hosted by Professor Itay Goldstein, this limited series takes a deep dive into the cutting-edge insights and pioneering perspectives of innovation experts in the finance industry. Discover the dynamic landscape of financial thought leadership as we explore concepts, groundbreaking research, and predictions that are shaping the future of finance. Part...Read More

“Carbon Burden” and Firms’ Value to Society

Professors Luke Taylor and Robert Stambaugh

How much of a firm’s value to society is hidden by traditional financial metrics? In this interview, Professors Robert Stambaugh and Luke Taylor dive into their study, "Carbon Burden," which is part of the Jacobs Levy Center's working paper series. This paper aims to quantify the U.S. corporate sector’s carbon...Read More

Smt. Nirmala Sitharaman, ​​​​Minister of Finance and Minister of Corporate Affairs of India Visits Wharton for Fireside Chat

A small group of three people in formal attire stands in front of a wood-paneled wall and a framed portrait of a person in a suit.

On October 22, 2023, the Wharton Initiative on Financial Policy and Regulation and the Wharton India Economic Forum hosted a special fireside chat with Smt. Nirmala Sitharaman, ​​​​​​​Minister of Finance and Minister of Corporate Affairs of India. This conversation on the Indian economy and financial system was moderated by Joao Gomes,...Read More

How Will the Federal Debt Impact Future Generations?

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On October 23, the Wharton School hosted the inaugural Policies that Work event – a series of discussions with leading thinkers from Wharton about the policies that shape America. As the federal debt continues to reach unprecedented levels, it poses profound challenges to economic stability, government spending, and the financial...Read More

Discussions on Financial Policy and Regulation

Itay Goldstein headshot

The Wharton Initiative on Financial Policy and Regulation (WIFPR) commissions white papers from leading scholars on important topics in financial policy and regulation. Browse the WIFPR white webinars below to hear from experts on topics such as bankruptcy, decentralized exchanges, anti-money laundering, and much more. Rethinking Chapter 11 Bankruptcy Proceedings...Read More

From Algorithms to Alpha: Balancing Technology and Human Expertise

Title graphic with the text, "From Algorithms to Alpha: Balancing Technology and Human Expertise by Sarah Hammer"

Below is an installment of the series, "From Algorithms to Innovation: AI Redefines the Frontiers of Global Finance" by Sarah Hammer, executive director at the Wharton School. This forward-looking series explores the unique capabilities and unprecedented challenges of generative AI across the financial landscape. In this installment, Sarah Hammer dives...Read More

The Impact of “Mortgage Lock-In” on Homebuyers

Professor Lu Liu headshot

During the pandemic, historically low interest rates offered a unique opportunity for prospective homeowners. However, research by Lu Liu, assistant professor of finance at Wharton and Julia Fonseca of University of Illinois at Urbana-Champaign, suggests that locking in those low rates may have had unintended consequences. This paper is a...Read More

AI-Powered Collusion in Financial Markets

Itay Goldstein And Winston Wei Dou headshots, with the heading "Discoveries"

The use of artificial intelligence in capital markets is becoming more widespread due to its perceived ability to enhance efficiency. But a recent study by Itay Goldstein and Winston Wei Dou, which is part of the Jacobs Levy Center's working paper series on SSRN, demonstrates the ever-present risk of AI-powered...Read More

From Turing to Trading: How AI is Revolutionizing Finance

Digital lines emerge before a dark blue background. "AI in Finance" appears in the middle

This is the first installment of the new blog series, "From Algorithms to Innovation: AI Redefines the Frontiers of Global Finance" by Sarah Hammer, executive director at the Wharton School. This forward-looking series explores the unique capabilities and unprecedented challenges of generative AI across the financial landscape. Take a deep...Read More

A Bite of Finance: The Latest from Wharton

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This Bite of Finance newsletter highlights recent ground-breaking research by Wharton’s finance faculty and papers supported by Finance at Wharton. In this July 2024 issue: intermediary elasticity; the impact of perceived environmental health risk on property values and neighborhood composition; how households are exposed to interest rate risk; factors that...Read More

How Expanding Medicaid Impacts Household Debt

Headshot of Sasha Indarte, assistant professor at the Wharton School

Sasha Indarte and Gideon Bornstein, assistant professors of finance at Wharton, investigate how the expansion of social insurance affects households’ accumulation of debt, in their 2023 paper, supported by the Rodney White Center. In this insightful interview, Professor Indarte dives into these findings and discusses their importance in the larger...Read More

Wharton Faculty on Financial Literacy

Ripple Effect graphic featuring David Musto in black and white before a dark blue background

The Ripple Effect podcast from Knowledge at Wharton presents a series of episodes featuring Wharton faculty, offering their expert insight on financial literacy. Browse the full series below, and listen to a special "Best of: Financial Literacy" episode of Ripple Effect to hear highlights from each installment. How Financial Literacy...Read More

Reflections from a Graduating Jacobs Scholar: Q&A with Zachary Long

Zachary Long smiles before a gray background

Zachary Long, a Jacobs Scholar for the 2023-2024 school year and graduating MBA at Wharton Dr. Bruce I. Jacobs, G’79, GRW’86, co-founder of Jacobs Levy Equity Management The Dr. Bruce I. Jacobs Scholars in Quantitative Finance is an academic award dedicated to exceptional students entering their second year of the...Read More

How U.S. Workers are Impacted by International Taxation

Assistant Professor Daniel Garrett smiling before a gray background, and wearing a blue suit jacket.

There is a belief among policymakers that a lower foreign tax burden of domestic multinational firms will result in more jobs and increased wages at home. Daniel Garrett, assistant professor of finance at Wharton, challenges this belief in his 2024 paper, "Effects of International Tax Provisions on Domestic Labor Markets,"...Read More

Foreign Investors and their USD Holdings

Wharton assistant professor of finance Amy Huber

Over the past two decades, foreign investors have increased their holdings of USD securities – but by how much? Amy Wang Huber, assistant professor of finance at Wharton, gets to the bottom of dollar asset holding and hedging around the globe in her 2023 paper, co-authored with Wenxin Du, and...Read More

The “Growth Stock” Misnomer

Sean Myers stands in a sunlit room with hands in his pockets

This fall has been productive for Sean Myers, an assistant professor of finance at Wharton. His 2022 paper, The Return of Return Dominance: Decomposing the Cross-section of Prices co-authored with Ricardo De la O and Xiao Han has recently won the Rodney L. White Center’s 2022 Marshall Blume First Prize in...Read More