A multitude of methodologies to rate businesses is causing confusion for ethical investors
This realm beyond regulators is where the next crisis will arise
Market participants say evidence points to increasing participation by large institutional investors
Top US enforcer wants more scrutiny of ‘roll up’ acquisitions which build dominant market shares
Nick Grace sold large stakes in lenders after Russia invaded Ukraine
Mortgage payment holidays were introduced in the UK March 2020 to help households who might have struggled with mortgage payments during the Covid-19 pandemic. Using transaction-level data, this column finds that payment holidays supported consumption during the pandemic for more financially vulnerable households, while more financially stable households on a payment holiday increased their savings instead. These results suggests that payment holidays may have been instrumental in supporting household balance-sheets following the negative aggregate shock triggered by Covid-19.
Higher education programmes are essential for innovation and economic growth. This column introduces the education–innovation gap, a metric that captures the distance between education content and the knowledge frontier. Among US higher education institutions, the education–innovation gap is significantly lower for courses taught by instructors who are more active in producing research. The gap is higher in schools with students from lower socioeconomic status. On average, exposure to frontier knowledge is associated with better student outcomes.
German leasing firm said it ‘learnt a lot’ and has been strengthened after Fraser Perring’s highly critical report
Executives criticise Stuart Kirk despite speech’s theme and content having been agreed internally
Boss of biggest US bank faces showdown on pay package and spending plans at first gathering in two years