Russo 5x5x5 Investment Fund students gain hands-on experience and mentorship from leaders in the field while generating scholarship funds from the proceeds.
Tano Santos, the Robert Heilbrunn Professor of Asset Management and Finance and Director of Columbia Business School’s Heilbrunn Center for Graham and Dodd Investing, discusses the school’s approach to value investing and finance.
Learn how Columbia Business School is updating its acclaimed value investing curriculum to align with a rapidly changing financial landscape.
Banks strategically choose and dynamically restructure deposits and nondeposit debt in response to the minimum requirements on total capital and tangible equity. We derive the optimal strategic liability structure and show that it minimizes the protection for deposits conditional on capital requirements. Although, given any liability structure, regulators can set capital requirements high enough to remove the incentive for risk substitution, the strategic response to the capital requirements always preserves this incentive.
We develop a model of information and portfolio choice in which ex ante identical investors choose to specialize because of fixed attention costs required in learning about securities. Without this friction, investors would invest in all securities and would be indifferent across a wide range of information choices. When securities' dividends depend on an aggregate (macro) risk factor and an idiosyncratic (micro) shocks, fixed attention costs lead investors to specialize in either macro or micro information.
Professor Ciamac C. Moallemi discusses how the crypto upheaval may impact the potential for blockchain technologies to change markets and investor experience.
Graduates of the Columbia Business School’s Master of Science in Finance Economics program gain data and digital skills that provide a competitive edge.
Russo 5x5x5 Investment Fund students gain hands-on experience and mentorship from leaders in the field while generating scholarship funds from the proceeds.