finance at wharton Archives

The Financial Power of Data Sharing Among Firms

What is the scope of data-sharing across firms, and what are the economic implications? In her study, "Data as a Networked Asset," supported by the Stevens Center for Innovation in Finance, Huan Tang, assistant professor of finance at Wharton, uncovers a hidden network of inter-firm data flows – revealing that…Read More

2024 Wharton Future of Finance Forum

Joao Gomes, Sarah Hammer, and David Musto pose for a photo before a Rodney White Center banner

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

Time for Offense: Why America Needs Bold Crypto Legislation Now

Crypto has the potential to revolutionize finance – streamlining outdated systems like T+2 settlement cycles, reducing payment fees, and expanding access to underserved populations.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

One Year of Discoveries

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

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

“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, 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

Discussions on Financial Policy and Regulation

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

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 paper, co-authored with Wenxin Du, and part…Read More