The GameStop saga took the world by storm in 2021, turning Reddit’s “Wall Street Bets” into an unlikely player in the financial markets. But was this a one-time anomaly or the beginning of a new era in investing? In an episode of the Future of Finance podcast, Professor Itay Goldstein...Read More

How do common risk factors connect stocks, bonds, and options? In their recent study, which won the Jacobs Levy Center Research Paper Prize for Best Paper, Professor Nikolai Roussanov and his coauthors uncover the shared sources of variation driving returns across these asset classes. Their findings reveal how shared exposures...Read More

On December 9, 2024, the Harris Family Alternative Investments Program and the Rodney L. White Center for Financial Research hosted the second annual Wharton Future of Finance Forum at Penn Washington. This year's event brought together leading voices from academia, industry, and government to explore the transformative forces shaping global...Read More

Crypto has the potential to revolutionize finance – streamlining outdated systems like T+2 settlement cycles, reducing payment fees, and expanding access to underserved populations. But to realize this potential, the U.S. must adopt a bold regulatory framework that fosters innovation while maintaining oversight. On the WIFPR blog, Sarah Hammer, executive...Read More

Over the past year, the Discoveries blog has hosted exclusive interviews with Wharton's leading finance faculty. These insightful conversations highlight key insights and research shaping the finance industry, many of these projects having been supported by Wharton's finance research centers. Topics include the nature of growth stocks, international USD holdings,...Read More

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

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

On October 22, 2024, 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

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

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

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

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

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

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

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

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

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

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

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

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