New from CRSP - july 2009
Mutual Fund Shipment: Delivery Lag Reduced!
The Mutual Fund Database that shipped on June 30 is the first without the quarterly delivery lag. This release contained data through the end of May. The shipment on July 31 will complete the transition with the database including data through June.
COMPUSTAT SUBSCRIBERS
The CRSP/Compustat Merged Database Annual Database will ship on July 29.
Don’t mind your own business…Share it with us
In our current economic climate, Chicago Booth alumni, with their singular brand of leadership, are needed more than ever. These uncertain times provide an opportunity for your organization to hire top-notch talent, which in more prosperous times may be harder to find.
Chicago Booth has launched TheBoothEffect.com in an effort to match established professionals looking to fill positions with those seeking employment. At The Booth Effect, you can post a job, make referrals and recommendations. Click here to learn more.
CRSP Congratulates John Cochrane and Lubos Pastor
John Cochrane, formerly the Myron S. Scholes Professor of Finance, was appointed the AQR Capital Management Professor of Finance.
Lubos Pastor is newly appointed as the Charles P. McQuaid Professor of Finance.
Management Conference 2009 Webcast
As markets are facing the biggest challenge in recent history, many are asking "What does the future hold for markets?”
We assembled some of the most brilliant minds in business to rigorously discuss this and other critical issues in the true Chicago tradition. PBS's Ray Suarez, award-winning journalist and host of "The NewsHour," moderated an all-star faculty keynote panel that included among others:
- Gary Becker, Nobel laureate
- Kevin Murphy, first business school professor awarded a MacArthur Foundation "genius grant"
- Raghuram Rajan, former IMF chief economist
To view the webcast, click here. >>
Professor Fama discusses his research and the CRSP database underpinning his work.
To view this webcast, click here. >>
in the press - economic expertise
CRSP
The Birth of the Quants: When theory met markets, the results were gold.
People in the investment business wanted answers. During the 1970s, young scholars with quantitative training were accorded spectacular power and influence by pension chiefs and other money managers in search of guidance. Among the most influential were two Chicagoans, Rex Sinquefield and Roger Ibbotson, who seemed to find an answer to the biggest question of all-where stock prices were headed. Read more >>
FINANCIAL TIMES: Booth School of Business Dean Ted Snyder and CRSP Board Chairman and Professor Eugene Fama are featured in the article "Efficient Market Theory is Not to Blame."
Read more >>
CRSP data are valuable for use in a wide range of research, from stock performance in the Depression to valuing employee satisfaction to the ups and downs of car companies.
THE WALL STREET JOURNAL: CRSP data was used to create a series of charts that accompanied the June 1 cover story "New Era in Autos as GM Set for Bankruptcy."
WASHINGTON POST: US Stocks Fall on Bad Housing News
... in the day to $1.09, the lowest level since April 28, 1933, according to the Center for Research in Security Prices at the University of Chicago. Read more >>
MONEY MAGAZINE's William Bernstein published an article on May 9 for CNNMONEY.COM that discussed recent research by Dimensional Fund Advisors (DFA) and the underlying CRSP stock data used. Read more >>
CRSP Board Members
HARVARD BUSINESS REVIEW: How to Fix Executive Pay: (Good) CEOs Are Underpaid
Written by CRSP Board Member and Professor Steven Kaplan
From the Initiative on Global Markets:
Fear of Fire Sales and the Credit Squeeze
CRSP Board Member and Professor Douglas Diamond and Professor Raghuram G. Rajan
question why banks are so reluctant to lend. One possibility is that they worry about borrower credit risk, though worries need to be extreme to justify the substantial drop in term lending. A second possibility is that they may worry about having enough liquidity of their own, if their creditors demand funds. Yet, the many Federal Reserve facilities that have been opened should assuage these concerns.
Read more >
More from the IGM >
FROM THE CONFERENCE ON FINANCIAL CRISIS
Efficient Markets Let Failed Firms Fail: CRSP Board Chairman and Professor Eugene Fama discusses the economy and the primary role of government. Read more >
Overuse of Short-term Debt Brought System Down: CRSP Board Member and Professor Douglas Diamond offers suggestions for regulatory reform. Read more >
The Good, The Bad, And The Ugly: CRSP Board Member and Professor John Cochrane assesses the financial crisis. Read more >
THE TIMES OF LONDON: A feature article about Professor Eugene Fama began: “Economists do not come much more distinguished than Eugene Fama, who is known as the father of the efficient-market hypothesis and the author of many classic books and papers.” Professor Fama was interviewed while he was in London to receive the inaugural $250,000 Onassis Prize in Finance, the May 5 article said.
NPR’S WEEKEND EDITION: Professor Steven Kaplan appeared on a broadcast looking at whether business schools are to blame for current financial crisis “because they trained many of the people who had their hands on the tiller when the nation’s economic ship ran aground,” according to the host. Blaming business schools for the crisis is wrong, Professor Kaplan said. “You look at the global economy since 1980, it’s stunning,” he said. “Productivity growth around the world has been terrific. There’s a huge success story of the tools of markets and economics that are taught at business schools.” The story was broadcast May 17.
| July 17 | Monthly US Stock and Indices Database Ship Date |
| July 29 | Quarterly/Monthly CRSP/Compustat Merged Database Ship Date |
| July 31 | Quarterly/Monthly CRSP/Ziman Real Estate Data Series Ship Date |
| Quarterly US Stock and Indices Database Ship Date | |
| August 18 | Monthly US Stock and Indices Database Ship Date |
| August 28 | Monthly CRSP/Compustat Merged Database Ship Date |
| August 31 | Monthly CRSP/Ziman Real Estate Data Series Ship Date |