Inflated Outlook: Sensitivity to Inflation Negatively Predicts Business Growth
Research from Columbia Business School Reveals that Stock Return Sensitivity to Inflation is a Strong Negative Predictor of Growth
Research from Columbia Business School Reveals that Stock Return Sensitivity to Inflation is a Strong Negative Predictor of Growth
New Research Puts Fortune 500 Companies Under the Microscope, Measuring How Black Consumers Perceive Corporate Dedication to Allyship
New Research finds Transition to Wind and Solar Energy Predicted to Lower Electricity Costs by Up to 80% and Increase Wages Nationwide
Columbia Business School research finds both shoppers and retailers benefit from “retail media”, where retailers use sponsored listings as part of product searches
Research from Columbia Business School Reveals that Employees’ Perceptions of Promotion System Fairness May Rely on their Boss’s Status Markers
We are proud to share that Pierre Yared, the MUTB Professor of International Business, Senior Vice Dean for Faculty Affairs, and Vice Dean for Executive Education at Columbia Business School, has been appointed as Vice Chairman of the Council of Economic Advisers (CEA) in the Executive Office of the President of the United States.
For its 15th anniversary, the award for operational excellence recognizes executives Ford, of Land O’Lakes, Inc., and Sweet, of Accenture
White paper reveals barriers to innovation and strategies for realizing transformative improvements
The Tamer Institute for Social Enterprise and Climate Change Will Address Urgent Need for Business Climate Research and Education
The following message was sent to the Columbia Business School Community on October 10, 2023.
"The commercial real estate market is open for business. There are major loans being made on a daily, weekly, monthly basis. Rockefeller Center for a massive $3 billion refinancing in the last quarter… the cost of that debt is high. And I think herein lies one of the main advantages of transportation funding, where you could essentially borrow at Treasury interest rates."
- Professor Stijn Van Nieuwerburgh
"My prediction is that it will ultimately be a sorting process. You say about Gen Z they want work life balance, and work-life balance is important. Every generation has different values."
- Professor Lori Yue
"I would work on closing the tax gap of $606 billion – the difference between what taxpayers pay relative to what they should, as estimated by the IRS. I would also take a hard look at internal controls in our Department of Defense spending, which is incidentally a group that has never successfully passed an audit. I would invest heavily in updating information systems in the government. That would ensure better productivity and less financial leakage. Finally, the government might want to stop cash accounting and move to accrual accounting so that we acknowledge what we really owe, as a nation."
- Professor Shivaram Rajgopal
"Every tech company is focusing on AI as a future growth engine. And when it comes to AI, data privacy issues become a huge number one issue, and that comes out to the administration's policy. Hence, they're trying to earn goodwill. But here again, Trump needs the tech sector and the AI sector."
- Professor Daniel Keum
Professor Brett House on the economic consequences of dismantling the Department of Education, "Most of the Department’s budget funds federal student aid for higher education, subsidies for elementary and secondary schools with large shares of students from low-income families, and special education programs for children with special needs. While some of the Department’s funding programs may be transferred to other agencies, there is no guarantee that they would be continued at the same scale or impact."
Professor Jonathan Knee on the contentious professional development in bankers and Wall Street, "A profound level of empathy from managers is essential in dealing with outsized egos, and bankers do not generally over-index on self-awareness, which often leads supervisors to avoid giving candid feedback, and can create a vicious cycle of bad behavior and bad management."
Professor Gernot Wagner on Trump’s targeting of climate tech, "Congress holds the purse strings and instructs the administration to spend. He’s basically saying, ‘Sorry, you’re not spending this money. If the Department of Justice doesn’t do anything about it, then he broke through a whole bunch of norms, screws over a whole bunch of industries and sectors and companies, and there is no recourse."
Professor Daniel Keum on the use of private sector tactics in the government, "The apparent overlap between cost-cutting initiatives at Cloud Software Group and some federal agencies exemplifies the Trump administration's use of tactics borrowed from the private sector. In tech, there's a mentality that you have to break things to make them a lot better. When transposed into federal agencies, that mentality becomes very dicey."
Yiming Ma is the Regina Pitaro Associate Professor in the Finance Division at Columbia Business School. She received her Ph.D. in Finance from the Stanford Graduate School of Business in 2018 and a B.A. in Economics & Mathematical and Global Affairs from Yale University in 2013.
* It's pronounced like "juggernaut" without the "jug."
Gernot Wagner is a climate economist at Columbia Business School. His research, writing, and teaching focus on climate risks and climate policy.
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association. Since receiving his Ph.D.
Adam Galinsky is the Vice Dean for Diversity, Equity and Inclusion and Paul Calello Professor of Leadership and Ethics at the Columbia Business School.
Professor Galinsky has published more than 300 scientific articles, chapters, and teaching cases in the fields of management and social psychology. His research and teaching focus on leadership, negotiations, diversity, decision-making, and ethics.
Costis Maglaras is the 16th Dean of Columbia Business School, and the David and Lyn Silfen Professor of Business at Columbia University. Costis received his BS in Electrical Engineering from Imperial College, London, in 1990, and his MS and PhD in Electrical Engineering from Stanford University in 1991 and 1998, respectively. He joined Columbia Business School in 1998, when he joined the Decision, Risk and Operations Division.
In her recent Forbes article, Danielle Chemtob examines President Trump's proposed tariffs and their potential effects on consumers and businesses. The article features insights from Columbia Business School's Associate Professor of Business Lori Yue, who discusses how these tariffs could disrupt supply chains and lead to higher prices for everyday goods.
Lori Qingyuan Yue is Associate Professor at the Management Division in Columbia Business School. Her research focuses on the interplay among business, society, and government, particularly in how firms respond to contentious social environments and regulatory uncertainty. She has published papers on industry self-regulation, corporate political strategies, corporate responses to social movements, and corporate sociopolitical activism.
Sandra Matz takes a Big Data approach to studying human behavior in a variety of business-related domains. She combines methodologies from psychology and computer science – including machine learning, experimental designs, online surveys, and field studies – to explore the relationships between people’s psychological characteristics (e.g. their personality) and the digital footprints they leave with every step they take in the digital environment (e.g. their Facebook Likes or their credit card transactions).
Op-ed
Shiva Rajgopal is the Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing at Columbia Business School. He has also been a faculty member at the Duke University, Emory University and the University of Washington. Professor Rajgopal’s research interests span financial reporting, earnings quality, fraud, executive compensation and corporate culture. His research is frequently cited in the popular press, including The Wall Street Journal, The New York Times, Bloomberg, Fortune, Forbes, Financial Times, Business Week, and the Economist.
Byline
Paul Ingram is the Kravis Professor of Business at the Columbia Business School. He has received Columbia’s highest recognition for teaching, the Presidential Award for Excellence in Teaching, as well as the Dean’s Award for Teaching Excellence, and thirteen teaching awards voted by graduating students at Columbia and Cornell Universities. He was the first professor from the Columbia Business School to serve as a Provost’s Senior Faculty Teaching Scholar, a role at Columbia University for exceptional teachers who are also distinguished researchers.
Stijn Van Nieuwerburgh is the Earle W. Kazis and Benjamin Schore Professor of Real Estate and Professor of Finance at Columbia University’s Graduate School of Business, which he joined in July 2018 after 15 years at New York University’s Stern School of Business. He earned his PhD in Economics (2003), MSc in Financial Mathematics (2001), and MA in Economics (2001) from Stanford University, and a B.A. in Economics from the University of Ghent, Belgium (1998).
Op-ed
Adam Galinsky is the Vice Dean for Diversity, Equity and Inclusion and Paul Calello Professor of Leadership and Ethics at the Columbia Business School.
Professor Galinsky has published more than 300 scientific articles, chapters, and teaching cases in the fields of management and social psychology. His research and teaching focus on leadership, negotiations, diversity, decision-making, and ethics.