When you think about the events that have led to success in your career, you probably think about the flattering ones: times when you were insightful, courageous, or determined. You might not think ...

For these five Booth alumni, personal connections with animals prompted them to build companies that offer ways to maintain and improve the quality of life for pets, and even extend the time owners ...

Chicago Booth Review is a business publication providing research, analysis, and perspectives of some of the world's premier business scholars.

The high-frequency trading arms race is a symptom of flawed market design. Instead of the continuous limit order book (CLOB) that is currently predominant, we argue that financial exchanges should use ...

2014-15 Bank Lending Constraints in China and Their Real Impacts Can Financial Factors Explain Aggregate Productivity? Evidence from Small Firms Does Sovereign Lending affect Corporate Lending?

This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in number of ...

Numerous countries have implemented financial reforms in the past three decades, but how these reforms affect economic growth has not been established. I develop a dynamic model with heterogeneous ...

An increase in the household debt to GDP ratio predicts lower GDP growth and higher unemployment in the medium run for an unbalanced panel of 30 countries from 1960 to 2012. Low mortgage spreads are ...

We build a class of copula models that captures time-varying dependence across large panels of financial assets. Our models nest Gaussian, Student's t, grouped Student's t, and generalized hyperbolic ...

We examine the pricing of financial crash insurance during the 2007-2009 financial crisis in U.S. option markets, and we show that a large amount of aggregate tail risk is missing from the cost of ...

Companies are figuring out what individual customers will pay—and charging accordingly.

One might expect that those in charge of banking policy in the United States would celebrate the concept of a “narrow bank.” A narrow bank takes deposits and invests only in interest-paying reserves ...