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 ]