New Haven, Conn., April 19, 2005—The Yale School of Management-The Goldman Sachs Foundation Partnership on Nonprofit Ventures will host its third and final National Business Plan Competition and Conference and Awards Ceremony on June 9-10, 2005, at the Hyatt on the Hudson in Jersey City, NJ. Twenty entrepreneurial nonprofits from across the country will present their earned income venture business plans and compete for $500,000 in prize money and business planning assistance.
New Haven, Conn., April 7, 2005— Retailers, manufacturers, and regulators have debated the controversial role of slotting allowances, the one-time fees manufacturers pay to retailers in exchange for shelf space to stock new products, with little consensus. While some argue that they are anti-competitive, others contend that they serve to enhance efficiency by helping, for example, to allocate scarce shelf space.
Mutual funds perform better when directors invest in the funds they oversee according to a new study. The study, "Does Skin in the Game Matter? Director Incentives and Governance in the Mutual Fund Industry," was conducted by Martijn Cremers of the Yale School of Management, Joost Driessen of the University of Amsterdam, Pascal Maenhout of INSEAD, and David Weinbaum of Cornell. This paper uses data that recently became available to study the link between mutual fund performance and the ownership stakes of their directors.
New Haven, Conn., March 23, 2005—Workers who opt to invest in the personal accounts outlined in President Bush's Social Security reform plan are likely to earn less to retire on than those who stay in the traditional system, according to a new study by Yale University economist Robert J. Shiller. The research finds that on the date of retirement, the personal accounts would have negative values 71 percent of the time.