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The project will provide the first comprehensive analysis of the institutions emerging as owners in the newly fragmented world of equity finance.
The Project on Investment, Ownership, and Control in the Modern Firm is the Millstein Center's cornerstone research project, which will offer the first comprehensive analysis of the identity, incentives, and influence of the institutions emerging as owners in the newly fragmented world of equity finance.
Thanks to the JOBS Act, the world of equity crowdfunding is blowing wide open.
Meet three women entrepreneurs who took on the male-dominated world of equity investing and got cash infusions to expand their companies under terms just right for them.
The 17 Sustainable Development Goals (SDGs) pave a brave path towards a world of equity and inclusion, health, including sexual and reproductive health and reproductive rights, education, and greater equality (1).
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Critics of leverage also fail to appreciate that insolvency in and of itself is not always something to avoid and that the costs of becoming insolvent are likely to be much smaller in the new world of high leverage than in the old world of equity-dominated balance sheets.
Despite attempts to lure them into the invigorating world of equities, they cling to the presumed safety of bonds and cash, the dull investments they know best.
"We're back in action as an alternative to the wonderful world of equities," Jack Malvey, chief global bond strategist for Lehman Brothers, predicted.
"Whereas in the world of equities, there's thousands of stocks you can buy, in commodities there's really only 30 you can buy, and only 10 or 15 of those have a lot of liquidity," Mr. Rich said.
They just knew a guy or two...and clearly not enough to cut it in the hyper-competitive world of equity-indexed ETFs.
Usually it is the world of equities and derivatives where there is massive uncertainty.
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