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Max Harris on the Future of Money

A person in a suit smiles for a headshot As new technologies reshape the global financial landscape, Wharton voices lead the discussion. Max Harris, senior fellow at the Wharton Initiative on Financial Policy and Regulation (WIFPR), recently served as Project Director for the Group of Thirty’s (G30) new report, "The Past and Future of Money: New Technologies and Economic…Read More

Kevin Kaiser on Valuing College Football Programs

A person smiles toward the viewer with the caption, "Discoveries: Kevin Kaiser" In the changing world of college athletics, how can we know the true financial value of a football program? Kevin Kaiser, adjunct full professor of finance at the Wharton School and senior fellow with the Harris Family Alternative Investments Program, recently joined the Athletic to help us understand how these…Read More

Wharton Welcomes Three New Finance Professors

Finance at Wharton Logo Meet Wharton’s newest Finance Department faculty members: Victor Orestes Research Spotlight: Corporate Effects of Monetary Policy: Evidence from Central Bank Liquidity Lines More about VictorVictor Orestes is an Assistant Professor of Finance at Wharton. His research explores the corporate effects of monetary policy, the macro-financial links between tariffs, exchange rates,…Read More

The “Pecking Order” of Firm Growth

A person smiles toward the viewer in a sunlit room. Are growing companies better off acting on new, innovative ideas — or scaling their existing ones? In “Capital, Ideas, and the Costs of Financial Frictions,” Professor Thomas Winberry explores how firms balance investment in current operations with the pursuit of future innovations. This paper earned the 2024 Marshall Blume Prize…Read More

The Financial Power of Data Sharing Among Firms

A headshot of a person with curly hair and a friendly smile, wearing a light-colored top against a neutral background. 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

The Future of Capitalism: Tariffs, Growth & Market Shifts

Two speakers in conversation onstage Joao Gomes, senior vice dean for research, centers and academic initiatives at Wharton, joined a panel at Inc. Founders House to discuss tariffs, immigration, and other risks facing businesses amid recent market shifts. View his conversation with Mike Hofman, editor-in-chief of Inc. Magazine, by watching the video above. Professor Gomes offered…Read More

Itay Goldstein on the Central Bank’s Independence

Itay Goldstein headshot Professor Itay Goldstein, director of the Wharton Initiative on Financial Policy and Regulation, joined CNA News to discuss the growing debate around central bank independence and the potential consequences of political interference in monetary policy. Professor Goldstein provided his insights on LinkedIn: "An independent central bank is essential for long-term…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

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