finance at wharton

“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

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

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

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