Our work is published in top-tier finance journals including the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies and the Journal of Financial and Quantitative Analysis.
University of Tennessee economists Matthew Murray and Don Bruce wrote that while the New Markets program provided "an important boost" to low-income communities, "it falls short in terms of economic impact, efficiency, and accountability." They continued, "The program entails relatively high costs and, based on the available evidence, provides little market or fiscal return to the state other than the reallocation of investment into low-income communities."
Tracie Woidtke is looking into the effects of communication among shareholders and increased activism with the goal of determining whether low-cost mechanisms can influence a company to act in shareholders’ best interests.
From CEO compensation to investor activism, home ownership and angel investors, our faculty research investigates the nexus of finance theory and everyday life.
In its eight years, the program has provided nearly $4 million in grants for high-quality faculty research.