Why Your Sales Force Needs Smarter Incentives

Building a sales team requires more than just recruiting great talent—it requires compensating that talent effectively. Research is showing sales managers how a data-focused approach can help identify which incentives will work best, which might be costing them money, and how they can find the right solution for each of their employees.

When Shareholders Aren’t Watching, Managers Misbehave

Chicago Booth’s Elisabeth Kempf, along with Bocconi University’s Alberto Manconi and Tilburg University’s Oliver G. Spalt, examines the economic impact of an environment in which shareholders are unable to actively monitor all the companies they invest in. Consistent with the standard principal-agent framework from economic theory, in which agents (managers) act on behalf of principals (shareholders), the researchers find that when shareholders are ”distracted,” executives have … [ Read more ]

Who Gets into the C-Suite?

Data reveal the four most important traits of America’s CEOs.

Why Markets Need Not Fear Uncertainty

Here’s a chicken-or-egg finance question: Do volatility shocks in equities markets cause business-cycle downturns, or do business-cycle downturns manifest as highly volatile stock prices? Research suggests that volatility is evidence of contractionary economic conditions already in place.

Have Central Bankers Lost Their Power?

Evidence is revealing the power, limits, and confounding effects of monetary policy.

Editor’s Note: this article is from 2017 and mostly looks at Fed influences during and after the economic crisis of 2008, but the analysis is still interesting, and perhaps even timely considering the Trump administration’s attempts to influence or even control the Fed this year (2025).

Deans’ Roundtable

A rountable discussion between the deans of 11 top business schools was hosted by the the University of Chicago graduate school of business on July 10, 2007. The Financial Times brings you the audio as well as four extracts from the discussion:
– In the first extract, the discussion turned to the differences between European and US-based business schools.
– In the second extract, … [ Read more ]

Stock Prices and IPO Waves (.pdf)

Pastor and Veronsi explain IPO waves by creating a model of “optimal IPO timing.” Their model predicts that firms will be more willing to issue shares when the required returns are lower, when the firm’s expected cash flows are higher (which could be interpreted at there being more positive investment opportunities-and therefore likely a greater need for cash), and “when the uncertainty surrounding … [ Read more ]