Financial Meltdowns Are More Predictable Than We Thought

Robin Greenwood and Samuel G. Hanson discuss new research that shows economic crises follow predictable patterns.

The Hedge Fund as Activist

Do hedge funds improve management of the companies they invest in? A new study by Harvard Business School professor Robin Greenwood and coauthor Michael Schor argues that, in fact, hedge funds create shareholder value through anticipation of change, not necessarily delivering it.