Canadian Companies Need Cash. Is a Sovereign Wealth Fund the Answer?
Our pension funds and asset managers control $10 trillion. The Canada Strong Fund could put more of it to work at home.
Latest News
Press Release
The Companies Succeeding at AI Have One Thing in Common. They Listen to Their Employees.
New Columbia Business School research finds employee-centric companies are 7x more likely to succeed with AI adoption, revealing a sharp disconnect between executives and frontline workers
Press Release
Biased Technology Significantly Alters Doctors’ Long-Term Decision Making, New Study Reveals
New Columbia Business School Research Finds that Doctors Significantly Overprescribed Opioid Painkillers For Years After Using a Manipulated Algorithm
Press Release
AI-Driven Nurse Staffing Can Cut Costs and Maintain Patient Access, New Columbia Business School Study Finds
New research shows predictive analytics can help emergency departments better match staffing to real-time patient demand
Artificial Intelligence, Healthcare
Press Release
New AI Model Cuts Colorectal Cancer Deaths by 43% While Boosting Screening Rates Over 200%
Cancer Screening Outreach Program Using AI Model Improves Patient Outcomes
School News
Healthcare, Leadership and Strategy, Operations
Press Release
Columbia Business School's Deming Center Bestows Its Lifetime Achievement Award
Healthcare Executive Gary Kaplan, MD Recognized for Leadership and Excellence in Operations
Analytics, Real Estate
Press Release
Rethinking Rent: New Tool from Columbia Business School and CompStak Will Reshape Market Insights
Columbia Business School and CompStak launch first-of-its-kind tool to deeply analyze office, retail, and industrial rent trends
Artificial Intelligence, Healthcare
Press Release
AI for Better Care: Columbia Business School’s New Initiative Tackles Healthcare Challenges
New initiative unites expert insights, research, and forward‑looking conversations focused on finding AI opportunities to transform healthcare
Artificial Intelligence
Columbia Business School Launches AI in Business Initiative
The Initiative will advance research, education, and industry collaboration to shape how artificial intelligence is transforming business.
Columbia Business School Welcomes Seven New Full-time Faculty Members
The School welcomes new faculty whose research and teaching cover AI, economics, finance, and labor, strengthening its world-class community.
Quick Takes
Tesla Safety Record Under Spotlight
"It's not a good moment for the public to be reminded that Tesla has itself has been cavalier about safety in the workplace and on the highway. All that said, from what I've seen, Tesla's cars are comparatively safe, and autonomous driving is safer on average than human driving."
- Professor Michael Morris
Why Companies Are Turning to Layoffs
In an interview with CNBC on 10.30.25 “It’s all about the cost side and how to manage costs, and there are two or three things to consider there. Finally, tariffs are hitting, and cost structures are getting worse and worse with very intense pressure to manage costs.”
- Professor Daniel Keum
Daniel Keum
NYC’s Economy After the Mayoral Election
In an interview with NPR on 11.5.25 “Business leaders are looking to see what sort of initiatives Mr. Mamdani can take to grow the economy.”
- Professor Abby Cohen
Abby Cohen
TikTok’s New Owner May Be Too Late
“You’re buying a less competitive platform. You need creators and by and large they all moved on, and competing platforms are trying to lock them in by offering them exclusive pricing and exclusive deals.”
- Professor Daniel Keum
Daniel Keum
In The News
Expert Voices
Credit Card Interest Rate Cap
Professor Brett House on a proposed 10% cap on credit card interest rates: “An artificial cap on credit card interest rates is likely to backfire on the White House by making credit less accessible to the cash-strapped households that most need it.”
Federal Reserve Independence at Risk
Professor Frederic Mishkin on how a Supreme Court ruling could let a president fire the entire Federal Reserve board: “If the Supreme Court rules that you could just fire somebody for any reason you want, this is a whole new ballgame,” Mishkin, now at Columbia University, says. “You can fire not just the chair, but… the entire board of governors and replace them with your lackeys.”
H-1B Policy Misses the Mark
Professor Dan Wang on the real-world impact of H-1B visa restrictions:
“These policies really don't have the intended effect of balancing the labour market competitiveness of American workers,” Prof. Wang said. “There's not a trace of data that suggests that American workers would benefit from this.” His remarks underscore the disconnect between immigration rhetoric and empirical labor market outcomes, especially in the tech sector.
Post-Labor Day Surge in Market Activity
Professor David Erickson on the uptick in financial activity after the summer:
“Post-Labor Day is always a window that the banks and companies shoot for because it is after the summer holidays and the market is back in full force.” Erickson’s insight highlights how the post-holiday period marks a key moment in the financial calendar, with market participants resuming dealmaking and capital strategies.
David Erickson
Senior Fellow in the Richard Paul Richman Center for Business, Law, and Public Policy
Columbia Business School In the News
Columbia Business Insights
The data center dilemma: The U.S. could 'be in a recession' without them, but they pose a significant risk to the financial system
Highlighted by Columbia Business School, this media piece showcases Topics and Areas of Expertise about our esteemed faculty. The content is specifically curated from the publication that showcased the mentioned faculty and/or research, emphasizing its contributions in various fields. The featured Topics and Areas of Expertise reflects the school's commitment to sharing valuable insights and knowledge.
Mentioned Faculty
Commercial Observer
Commercial Real Estate Finance Is Entering the Crypto Age
Professor Tomasz Piskorksi is quoted.
Mentioned Faculty
Yahoo! Finance
Inflation check: Even with gas prices coming down, overall costs will be slower to retreat
Columbia Business School's Professor Brett House was quoted in Yahoo Finance discussing why overall consumer prices are likely to retreat more slowly than they rose, even as oil prices ease from wartime highs. In the piece, House notes that cheaper crude will take time to work its way through to lower gas and energy prices at the consumer level, and he expects headline inflation to ebb only gradually later this year, still short of the Fed's 2% target. He also points to travel costs, fertilizer prices, and mortgage rates as other war-affected areas likely to normalize slowly, cautioning that closing the final gap to the Fed's inflation target is typically the hardest part of the process.
Mentioned Faculty
New York Times
Oil Prices Return to Prewar Levels, Four Months Later
Columbia Business School's Professor Brett House was quoted in The New York Times examining the lag between falling crude prices and relief at the gas pump following the reopening of the Strait of Hormuz. In the piece, House cautions that U.S. drivers are unlikely to see immediate price relief despite Brent crude falling to prewar levels, even as the country heads into peak summer driving season. He points to the depletion of the government's oil reserves during the conflict as a key factor constraining how quickly lower crude costs will translate into cheaper gasoline for consumers.
Mentioned Faculty
Forbes
Forbes Daily: The Fed Signals It Could Hike Interest Rates This Year
Columbia Business School's Professor Brett House was quoted in Forbes Daily assessing new Federal Reserve Chair Kevin Warsh's first major test amid pressure over interest rates and central bank independence. In the piece, House argues that Warsh's legacy will ultimately hinge on whether he preserves the Fed's independence, hits the 2% inflation target, and maintains financial stability, rather than on whether he delivers the rate cuts the White House has been pushing for.
Mentioned Faculty
Bloomberg
Inflated ‘Private’ Ratings Are Masking Credit Risk, Columbia Study Says
Expertise in credit rating agencies, private credit markets, insurance regulation, and the measurement of credit risk. Our research shows that private ratings are systematically more inflated and less accurate than public ratings, allowing credit risk to be understated in regulated insurance portfolios.
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Mentioned Faculty & Post-Graduates
Marketplace
More investors want to pull money from private credit firms
Professor Tomasz Piskorski is quoted.
Mentioned Faculty
USA Today
Spirit's collapse erased 5 million seats. Here's what happened next
Columbia Business School's Professor Brett House was quoted in USA Today analyzing how Spirit Airlines' collapse is reshaping the U.S. aviation industry. In the piece, House notes that Spirit's exit has increased industry concentration, and warns the shift will be net negative for consumers as reduced competition pushes average fares higher than they would otherwise be. His comments frame a broader look at how JetBlue and Frontier have moved to backfill Spirit's former routes, while millions of seats and several small-airport routes remain unreplaced.
Mentioned Faculty
Bloomberg
New York and Chicago Haven’t Escaped the Urban Doom Loop
Columbia Business School's Professor Stijn Van Nieuwerburgh and NYU Stern's Professor Arpit Gupta were featured in a Bloomberg Opinion column examining the post-pandemic urban doom loop — a concept Van Nieuwerburgh coined and introduced in the landmark paper "Work from Home and the Office Real Estate Apocalypse," now published in the American Economic Review. In the piece, Van Nieuwerburgh warns that New York City faces deep fiscal trouble, citing an effective doubling of office property tax rates and no clear path to financial health. Gupta traces the historical roots of urban flight while noting encouraging signs in New York's office-to-apartment conversion pace. Both researchers see the doom loop as a continuing risk, driven by falling commercial real estate values, shrinking tax revenues, and the enduring shift to remote work — and underscore that while the economic fixes may be straightforward, the political will to implement them remains the critical missing ingredient.
Mentioned Faculty
Maclean's
Canadian Companies Need Cash. Is a Sovereign Wealth Fund the Answer?
Columbia Business School’s Professor Brett House authored an op-ed in Maclean’s analyzing Canada’s Canada Strong Fund (CSF). In the piece, House explores whether the $25-billion fund—a government initiative to retain capital and investment in Canadian companies—can effectively address the country’s economic challenges. He highlights concerns about the fund’s structure, its reliance on government borrowing, and its potential to keep Canadian businesses from seeking foreign investment. House also emphasizes the need for broader reforms in trade, immigration, and procurement to complement the CSF’s goals.
Mentioned Faculty
PitchBook
IPO Activity Is Roaring Back—But Only in Certain Sectors
Columbia Business School’s Professor Michael Ewens provided commentary to PitchBook on the resurgence of venture-backed IPO activity. In the article by Michael Bodley and Kia Kokalitcheva, Professor Ewens discussed how IPO momentum is returning unevenly across sectors, reflecting shifting investor appetite and market conditions. He highlighted the dynamics shaping exit opportunities for startups in today’s financial environment.
