Sam Bankman-Fried, the founder of the now-defunct exchange for trading cryptocurrencies, believed in ‘earning to give.’ Brian Mittendorf, the Fisher Designated Professor of Accounting and an expert in nonprofit accounting, explains the significance of FTX’s implosion for philanthropy and the nonprofits Bankman-Fried supported.

Crypto exchange traded funds account for five of the worst seven debuts in the history of the ETF industry. All five focused on the once high-flying cryptocurrency sector or the related field of blockchain, in a new illustration of previous research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and his colleagues.

Citing research conducted by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and his colleagues, the IMG says policymakers should re-examine risks posed by exchange traded funds during periods of stress, even though the vehicles are less concerning than their open-ended mutual fund counterparts.

Research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, helps the podcasts' hosts understand the returns that can be expected from alternative asset investment classes such as private equity, venture capital, angel investing, private credit, hedge funds, direct real estate and cryptocurrencies. They also conduct an in-depth analysis based on empirical studies and their expertise to discover whether there is any merit to alternative asset classes as investments. 

Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, analyzes the worst single-day drop in the U.S. stock market in years.  

Investors hoping for big returns by putting their money into trendy topics like work-from-home and the metaverse through exchange traded funds (ETFs) will instead likely face gross underperformance, according to a new study by Itzhak Ben-David, Neil Klatskin Chair in Finance and Real Estate, and Byungwook Kim, a PhD student at Fisher. ETFs based on these and similar hot topics earn an average return about 30% lower than more diversified funds over the five years after they are launched.

Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, discusses two aspects of private equity that intersect with his research expertise: the declining number of publicly traded U.S. companies and how the growth of private equity can cloud transparency for investors and economists.

Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, explains the three factors that typically lead to inflated performance fees for hedge funds: asymmetric fee structures, chasing stock performance and sudden shutdowns of hedge funds.

René Stulz’s longtime work as a finance researcher was recognized by the Journal of Applied Corporate Finance, as it dedicated its Winter 2022 issue entirely to his research.

The stellar growth of thematic ETFs comes despite research, conducted by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and PhD candidate Byungwook Kim, that suggests U.S.-listed thematic exchange traded funds often launch at or near the top of the market for thei

Timing is everything with thematic ETFs, but this has not been ETF issuers’ strong suit. Many launches happen at the peak of a megatrend’s excitement in order to capture maximum attention. But this is also when the underlying holdings are at their most overvalued and can lead to significant underperformance after a theme has launched, according to research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, PhD candidate Byungwook Kim, and Francesco Franzoni.

A new paper from Fisher's Itzhak Ben-David and Byungwook Kim finds that most 'specialized ETFs' are poor investments, and it takes a crack at explaining why.

The Russian invasion of Ukraine has triggered an unprecedented outpouring of humanitarian and military aid. Protecting those supply chains is essential for delivering materiel to the frontlines, says Vince Castillo, an assistant professor of marketing and logistics and Iraq War veteran.

Research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and PhD student Byungwook Kim, finds that thematic ETFs have a poor record of returns despite their strategies’ appeal.

Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate at Fisher, and his colleagues examined mutual fund flows spanning1991-2017 to determine if individuals are just naïve performance chasers, unaware of the financial literature, or whether they are sophisticated investors.

In approving Bitcoin futures ETFs but rejecting spot price competitors, many observers feel that the SEC is being contradictory in is rulings. One concern is price manipulation, as explored in a paper by Assistant Professor of Finance Amin Shams and John M. Griffin, of the University of Texas at Austin that concluded that about half of bitcoin's rise to a total market value of $326 billion was due to the influence of a manipulation scheme. 

While the term ‘number go up’ was in circulation elsewhere before the 2009 creation of bitcoin, let alone the more recent boom, it points to a fundamental question at the heart of a $2tn-plus industry: what, and who, influences the value of crypto? Bitcoin’s connections to other cryptocurrencies have also raised concerns about its pricing, which was explored in a paper authored by Amin Shams, assistant professor of finance, and a colleague.

New research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and his colleagues empirically study the impact of large institutional ownership on stock prices in the U.S. market.

Thanks to a generous gift from Fintech71, The Ohio State University will offer the first in a university-wide effort to boost the region's FinTech ecosystem through the FinTech @ Ohio State and Beyond conference. The virtual event will be held October 27-28.

COVID was a paradigm shift for thematic ETFs, satisfying investor sentiment toward disruptive trends and sustainable investing while covering almost any theme investors desire. Where do they sit in a portfolio? Research from Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, Fisher PhD candidate Byungwook Kim and their colleagues, sheds light on the performance of thematic ETFs.

For decades, individual investors have been moving billions of dollars in and out of thousands of mutual funds. The question is: why? New research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and his colleagues Andrea Rossi and Jiacui Li and Yang Song tries to answer this question in a forthcoming paper in the Review of Financial Studies.

Research by Itzhak Ben-David, the Neil Klatskin Chair in Finance and Real Estate, and Justin Birru, associate professor of finance, helps add context to the discussion about the historical and actual performance and management fees associated with hedge funds. 

Assistant Professor of Finance Amin Shams explains one reason why cryptocurrency crashes often happen on weekends, volatility that has drawn scrutiny from regulators weighing the future of digital currency.

Research from Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, shows the percentage of total corporate profits coming from the 100 biggest earners has skyrocketed over the past three decades. And what previously was a danger sign —  outsized valuation — may now be the new normal.

Rene Stulz, the Everett D. Reese Chair of Banking and Monetary Economics, and his colleagues detail a new paper that explores whether a firm’s corporate policies are influenced more by index peers after it becomes a member of the S&P 500 than before.