OUR MISSION

The Internation Center for Finance at the Yale School of Management provides active support for research in Financial Economics by its fellows and disseminates their work to the world's academic and professional communities.

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  • Mission and Center Activities

    The International Center for Finance at the Yale School of Management provides active support for research in financial economics by its fellows and disseminates their work to the world's academic and professional communities.

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  • 2010 Behavioral Science Conference
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  • Professor Heather Tookes receives Teaching Award
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NEWS
Too Close to Home: Buying Investments We Know Hurts Diversification

If only familiarity did breed contempt, we might all be better investors. But the reality is just the opposite: Familiarity breeds contentment because human nature prompts us to feel comfortable with things we know. As a result, instead of buying investments that could yield superior results, we gravitate toward the ones we know best.

Tookes on Suppy Capital

Heather Tookes, an associate professor of finance at the Yale SOM, studies the effect of the supply of capital on firms' financing decisions, questioning the conventional wisdom that the manner of financing is driven largely by firms' demand.

Peter Schott and Heather Tookes Receive Yale SOM Alumni Association Teaching Awards

The winners of the 2010 Yale School of Management Alumni Association Annual Teaching Awards were announced at a town hall meeting on April 22. Each year two professors are recognized based on a vote by the student body. One award is for teaching in the Yale SOM core curriculum and one is for elective teaching.

Slapped by the Invisible Hand: The Panic of 2007

 Since the financial crisis began in 2007, economists, government commissions, and the public at large have been consumed by the same question: What happened? In his new book, Slapped by the Invisible Hand: The Panic of 2007  (Oxford University Press), Professor Gary Gorton explains that the root cause of the current crisis, like many systemic crises before it, was a banking panic.

Small Caps Deliver Outsized Returns for U.S. Pension Funds

 New Haven, Conn., May 19, 2010 — Small is beautiful for U.S. pensions funds. In a new study of pension fund performance and costs, researchers at the Yale School of Management, Maastricht University, and Tilburg University find funds earn their best domestic equity returns from their small cap mandates, and smaller fund and mandate size is linked to better performance.

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