Say on Pay, which gives shareholders a nonbinding vote on executive compensation, leads companies to reduce excessive pay in certain circumstances. That's according to new research by Smith professor Russ Wermers and a coauthor. Previous academic studies of Say on Pay have found mixed results, with some concluding that the provision—part of the Dodd-Frank legislation and in effect since 2011—has had no effect. But...
Borrowers live or die by their FICO scores — numbers that offer a snapshot of how reliable they've been in paying back their debts. But some 53 million Americans don't have such scores because their credit history is thin or nonexistent. Now the Fair Isaac Corporation (aka FICO), is testing a new measure that would open up credit to many of these people. Smith professors Cliff Rossi and Siva Viswanathan offer insights....
More is better than less. “It’s not complicated,” AT&T explains in its popular television ads. Similar reasoning does not apply in foreign currency exchange, where strong is better than weak — except when it isn’t. For U.S. consumers the dollar’s recent surge means cheaper imports, lower inflation and hot deals on international travel. But it also means lower demand for exports, which slows economic growth. Kristen...
Working professionals with an interest in the Washington, D.C., region have a new source for bite-sized business insights, delivered weekly to their inboxes from the University of Maryland’s Robert H. Smith School of Business.
Russ Wermers, professor of finance at the University of Maryland’s Robert H. Smith School of Business, will provide expertise, as an affiliate, to one of the largest economic consulting firms in North America.
The World Bank warns permanent stagflation faces euro-currency countries. Countering the threat, the European Central Bank (ECB) sets to unleash a round of quantitative easing (QE), which means creating money to buy financial assets, including government bonds.
Cliff Rossi Book Lays Out ‘Roll-Up the Sleeves Approach’ for Pros, Students
The Federal Housing Finance Agency (FHFA) can use existing powers to reverse the government's control of Fannie Mae and Freddie Mac – without a gridlocked Congress, said Cliff Rossi, professor of the practice in finance at the University of Maryland's Robert H. Smith School of Business and executive-in-residence at the school's Center for Financial Policy.
Media Alert: July 31, 2014
Attention: Economic, business or public policy reporters and editors
COLLEGE PARK, Md. - Responding to U.S. employment figures, economic strategy experts in the University of Maryland’s Robert H. Smith School of Business, say cheaper, plentiful energy is fundamental to the apparent economic upswing.
WASHINGTON, D.C. — Financial regulators and researchers explored new ideas on May 16, 2014, during a daylong conference co-hosted by the Securities and Exchange Commission and the Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business.