We investigate whether insurers can improve their operating risk-return profile by adding commercial loans, a banking product, in the traditional insurance product mix. This analysis is important for two reasons. First, the Gramm-Leach-Bliley Act of 1999 allows insurers to buy and operate banks....

A focus on purely economic and financial metrics and tools has contributed to the failure of our economic system to address growing social injustice and environmental threats. Educational institutions with missions that aim to mitigate these problems are uniquely positioned to improve our...

Many courses in financial economics cover the estimation of forward rates implied in Treasury spot rates. A less well-known extension of this discussion shows how yields on TIPS and similar-maturity conventional Treasury securities may be used to extract the market's inflation expectation. We...

We use a behaviorally motivated risk-return optimization framework to shed light on the important link between global supply chain management and investors' risk-return choice. By improving the transparency and sustainability of the global supply chain, firms can reduce the probability of...