Carol Elliott | May 10, 2019
The University of Notre Dame’s Mendoza College of Business just announced its third annual Office of the Dean Research Mission Awards, which recognizes faculty research that contributes to the greater good in society. The award was inaugurated in 2017.
The awards are in keeping with Mendoza’s mission: “to build a premier Catholic business school that fosters academic excellence, professional effectiveness and personal accountability in a context that strives to be faithful to the ideals of community, human development and individual integrity.”
Accountancy professors Brad Badertscher, Jeff Burks and Peter Easton; “The Market Reaction to Bank Regulatory Filings,” published in The Review of Accounting Studies (2018). Every quarter U.S. banks release detailed financial reports called Call Reports. The researchers find that some investors trade on information in these reports, but they point out that many investors may be at a disadvantage because the report release process is relatively opaque. No readily accessible public notice is provided when a given report is released. The researchers found that more investors started to trade on information in the reports after their study received media coverage, providing evidence of a general lack of investor awareness.
Finance professor Paul Gao (with C. Dougal, W. J. Mayew, & C. A. Parsons); “What’s in a (School) Name? Racial Discrimination in Higher Education Bond Markets,” in press in The Journal of Financial Economics. Gao and co-authors examined the fact that Historically Black Colleges and Universities (HBCUs) pay higher underwriting fees to issue tax-exempt bonds compared to similar non-HBCUs and the resulting implications. The study discovers implicit bias in the financial decisions by investment managers. This study was referenced in the House Financial Services Committee (of the United States Congress) on April 10, 2019.
Read more here.