It may seem like a paradox, but giving someone a gift to help them save money is a sure way to make them hate it. The reason: It will make the recipient feel inferior to you, according to research by Assistant Professor of Marketing Grant Donnelly and his colleagues. In contrast, a gift that helps a recipient save time is taken as a compliment.

If you already see hedge fund fees as exorbitant, you ain’t seen nothing yet. Over the past two decades, the hedge fund industry has kept 64 cents of every dollar of gross profits that it has generated above the risk-free rate. This, according to research by Itzhak Ben-David, the Neil Klatskin Chair in Real Estate and Finance, and Finance Professor Justin Birru, and a colleague.

This year, index fund investors are making money all right. But it's come with some risks: Much of the gains are due to half a dozen ultra-hot technology stocks. Lu Zhang, the John W. Galbreath Chair in Finance, provides some additional context to the presence of tech stocks in our portfolios.

Investors who put their money in hedge funds may find that the fees are much higher than expected, a new study from Itzhak Ben-David, the Neil Klatskin Chair in Real Estate, and Associate Professor of Finance Justin Birru suggests. Most hedge funds charge their clients incentive fees of about 20 percent of gains made over a specified benchmark. But in a study of 6,000 hedge funds over 22 years, researchers found that those fees ended up costing investors nearly 50 percent – about 2.5 times more than the average fee rate on paper.

From the disclosure of delivery information designed to improve our online shopping satisfaction to examining the biases that we may not know we hold, research by Logistics Professor Terry Esper is helping companies reexamine and improve driver safety and their delivery processes.

A new study by Itzhak Ben-David, the Neil Klatskin Chair in Real Estate, and colleagues from Duke, examined thousands of finance executives’ S&P 500 projections over time for one behavioral bias: excess conviction. The study, a follow-up to an earlier research project, found the overconfidence bias to be greater than even the original landmark research found.

BlackRock, Vanguard, State Street, Fidelity and Capital Group are driving up equity market volatility and fuelling mispricing in company stocks, according to an analysis that raises fresh questions over the regulatory oversight of the largest asset managers. The study was produced by Itzhak Ben-David, the Neil Klatskin Chair in Real Estate, and his colleagues.

As New York state moves forward with a lawsuit against the National Rifle Association and four of its current and former officials for allegedly benefiting personally from the improper use of its funds, Brian Mittendorf, the Fisher Designated Professor in Accounting and a nonprofit expert, explains what the repercussions might be for the gun group and its leaders.

New research from Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and his colleagues suggests that the share-price premium for entering Wall Street’s flagship index isn’t what it used to be.

Investors give up nearly half of their gross profits through incentive fees, according to a working paper authored by Itzhak Ben-David, the Neil Klatskin Chair in Real Estate, and Justin Birru, associate professor of finance, and a colleague.

As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Tracy Dumas, associate professor of management and human resources, about how our personal and professional lives interface with one another. 

As Tesla prepares to join the S&P 500, research by Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and his colleagues reveals being listed on the index does not provide the same return as it used to.

Tesla could be the latest example of how inclusion in the S&P 500 weakens a company’s stock performance. According to research from Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and his colleagues, beginning around a decade ago, getting added to the S&P 500 began to cause a company's stock to drop. This information has caused some to hypothesize that the S&P 500 could become easier to time and to beat.

Owing money to the IRS is not a pleasant experience. Historically, it's been viewed as a major taboo, not to be discussed, but definitely needing to be dealt with. In recent years, even before the pandemic, Americans have grown almost indifferent to the "owed tax" experience. A new study by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate at Fisher, and his colleagues, many American taxpayers have "surprisingly" adjusted their standard of living when they owe money to the IRS versus when they receive tax refunds.

A new study shows the surprising way that many American taxpayers adjust their standard of living when they owe money to the IRS versus when they receive tax refunds. Researchers, including Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, found that when households received tax refunds, they immediately started spending that new money. But those same households didn’t cut their spending in years when they owed taxes to the IRS.

It used to be good for stocks to be added to indexes, but that is changed in the past decade or so, according to new research from Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and his colleagues. 

COVID-19 has produced conditions never before seen in the eight-year history of the Middle Market Indicator (MMI). Fewer companies than ever say their past-year performance has improved compared to the historical MMI average. Both revenue and employment growth rates are negative and many companies have put investment plans on hold. Despite the data, middle market leaders see better times ahead.

What makes for a good apology? You have to mean it, sure. But there’s a narrative structure that a good apology should follow. Roy Lewicki, professor emeritus of management and human resources, is an expert in the art of negotiation as well as rebuilding trust. He’s spent years researching the ideal apology, and he’s broken it down the perfect apology into six components.

International coverage of research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, reveals that because fund managers invest in a scattered portfolio of hedge funds and because of the jumps from fund to fund, investment profits are greatly diminished.

A new study from Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and a colleague shows how profits are distributed — and it has some surprising conclusions. Total payouts to shareholders rose from 19 percent of operating profits from 1971-1999 period to 32 percent in 2000-2017; and buybacks alone accounted for 55 percent of the distribution in the 2000-2017 period, up from 22 percent in the 1971-1999 period. To emphasize: Stock repurchases soared.

The peer-to-peer business model of firms like Uber or Airbnb is changing how consumers view some service providers, says John Costello, lead author of a new study and a doctoral candidate in marketing at Fisher.

A new study from Assistant Marketing Professor Grant Donnelly has a piece of gift-giving advice. Whatever you do, don’t tell the recipient your gift will save them money. According to the research, people often feel ashamed and even disrespected after receiving a “money-saving” gift from someone else.

Here’s a good way to make sure a friend hates a gift from you: Say it will save him money. In a series of studies, researchers found that people reacted negatively to gifts that they were told – or that they inferred – were given to help them save money. Receiving this kind of present makes a person feel inferior to the gift-giver, according to research from said Grant Donnelly, assistant professor of marketing at Fisher.

Amid falling revenue and employment, capital spending cuts, growth initiatives put on hold, tight cash and disrupted operations brought on by COVID-19, middle market companies are maintaining and even slightly accelerating their digital transformation, writes Tom Stewart, executive director of the National Center for the Middle Market.

Dennis Hirsch, director of the Program on Data and Governance at The Ohio State University Moritz College of Law, and a fellow at The Risk Institute, researches data analytics, how it can pose ethical risks, and how leading companies are responding.