Salt Lake City's strong economy has once again landed it in the spotlight, this time on MoneyGeek's Top 15 Cities for Job Seekers list. "People want (a) affordability, (b) safety and (c) good work-life balance," said Phil Dean, Chief Economist & Public Finance Senior Research Fellow at the Kem C. Gardner Policy Institute at the David Eccles School of Business. Read Dean's full take [...]
Have you ever noticed that you have a coupon for an item in your Amazon shopping cart, but you have to click the little box to "cut" the coupon and use it? Turns out there's a reason those little money savers don't apply automatically — and it is a big moneymaker for the world's largest retailer. Forcing consumers to take that extra step to [...]
The current scarcity of new cars due to the shortage of computer chips has led to a surge in demand for used cars. This should be good news for used car dealers, right? Not necessarily. Something that happened in Japan more than a decade ago — that temporarily halted new car production by Honda, Toyota, and Nissan — has revealed a hidden dynamic at [...]
The University of Utah Family Caregiving Collaborative published an op-ed in The Salt Lake Tribune reminding Utahns to thank caregivers during the holidays. Debra Scammon, a professor at the Eccles School and senior faculty associate at the collaborative, was one of the op-ed's co-authors. In Utah, more than 450,000 people serve in the role of caregiver, meaning they provide unpaid care for folks from [...]
A cosmetic name change often can help boost falling stocks, according to the Eccles School's Finance chair Michael Cooper. But as Facebook considers a name change, the practice is unlikely to help, Cooper said. That's because it is a huge, widely followed company. Read more about Cooper's research and what it could mean for the social media giant in MarketWatch.
Voluntary mentorship programs tend to reward those who are already primed for success — eager to learn, engaged, good collaborators. But what if companies required mentorship for new employees? The Eccles School's Nathan Seegert and his colleagues recently studied this question at a call center and found that those who were voluntarily in mentorship programs did not see a huge difference in success levels. [...]
An investor's bad reputation may not be a deterrent for startups seeking capital — as long as the investor stays out of the startup's business. A new paper from Bill Bill Schulze and Robert Wuebker shows that startups are willing to accept funds from venture capital firms embroiled in lawsuits. “The results are intriguing,” the authors said. “[They reveal] underexplored relationships between corporate reputation(s) [...]
Nothing can ruin your day quite like losing your wallet. But it turns out having larger amounts of cash may increase your chances that it gets returned. The Eccles School's David Tannenbaum and his colleagues "lost" wallets all over the world, and found that they were often returned, especially if there was money in them. "One clear pattern that emerged was, remarkably, wallets with [...]
Recently the stock that used to trade under the ticker CREE made a switch — and saw a healthy jump in their stock price. Is it a coincidence that the former CREE, now Wolfspeed trading as WOLF, outperformed the market after it changed? Probably not, according to Michael Cooper, Professor of Finance. A name like CREE carries no meaning, while WOLF has instant recognition [...]
Governors and legislatures around the country are hoping that ending Unemployment Insurance (UI) will light a fire under those who are seeking jobs. But a new study shows the end to those benefits hasn't had the anticipated outcome. “To evaluate the impact of the expiration of additional (unemployment insurance) payments, we asked respondents whether this expiration will influence the time and effort they devote [...]
The Goff Strategic Leadership Center theorizes that successful strategic leaders demonstrate skills across six specific dimensions (what we refer to as the Six Principles of Strategic Leadership). This model of leadership indicates that competence in these six areas contributes to high levels of individual, team, and organizational success. Research conducted by faculty at the University of Utah provides insights into each of these principles, and describes specific strategies for how leaders [...]
When a new district attorney takes office, police kill fewer people, according to a new study from Allison Stashko, an assistant professor in the Business Economics Group. "Deaths decline no matter what the new prosecutor’s political party or policy platform might be," Stashko writes. "During that time, we find no changes in arrest rates or assaults on police officers. That suggests that officers can [...]
It often seems like team meetings result in some voices being heard, while others are completely overlooked. Similarly, sometimes credit is misassigned to someone who didn't actually offer up the idea. The phenomenon is a concern to many, and particularly women and people of color. However, the use of amplification, publicly endorsing someone's idea while giving credit to that person, can give underrepresented voices [...]
The scientific method is no longer the sole domain of scientists, and business schools need to train students to embrace a spirit of experimentation. That's the premise set forth in a new article from the Harvard Business Review co-authored by the Eccles School's Elizabeth Tenney, assistant professor of Management; Elaine Costa, Management Ph.D. student; and Ruchi Watson, assistant professor of Entrepreneurship & Strategy and [...]
The seventh annual Sorenson Impact Summit with SOCAP Global took place May 25 through May 27. The summit featured three days of inspirational conversations around innovations in impact investing, building equitable entrepreneur ecosystems, the future of higher education, and using data to drive impact. This year, the summit gathered virtually, with the objective of delivering a more inclusive and accessible summit. For three days, [...]
On Friday, June 2, University of Utah experts and health researchers came together to discuss how scientists and others mobilized to learn more about COVID-19 and to combat the epidemic. University of Utah scientists discussed their research and addressed the numerous unanswered questions emerging from the COVID-19 crisis. Two of the experts who spoke during the event were Taylor Randall, dean of the David [...]
Ninety minutes. That’s all it took. I gained a deeper understanding of how data informs an elected official’s thought process regarding racial and ethnic disparities in Utah. He, in turn, reviewed the data and considered how he might incorporate this data into policymaking. Both of us acknowledged the importance of the issue, need for increased opportunities and inherent strengths that can help Utah improve. [...]
Poets & Quants has named the Eccles School's Jonathan Brogaard to its annual 40 Under 40 Professors list. Brogaard, a professor of Finance, currently teaches Advanced Finance in the Executive MBA program. "I get pretty excited about teaching. It is a lot of fun, and I hope that comes across to the students," Brogaard said. "It is probably corny to say, but the process [...]
It has long been known that credit cards encourage spending — but no one knows exactly why. New research from Sachin Banker, assistant professor of Marketing, helps shed some light. “You’re basically feeling more reward when you shop with credit cards,” he said. “We don’t see that with cash. It was actually a very stark difference.” Get the full story in The Wall Street [...]
Ever struggled to understand a scholarly article, and ended up passing it over for citation? Turns out you are not alone. New research shows that abstract, technical, and passive prose keeps important research from reaching the masses. Tianyu Gu, an assistant professor of Marketing and colleagues show that readers struggle to understand this type of writing, and therefore tend to pass it by. Read [...]
A heart attack made Jonathan Frostick re-evaluate his life priorities, and while recovering, the British man wrote a now-viral post on LinkedIn where he vowed to find a better work-life balance. We become so attached to our job identity that we will work long, arduous hours to protect it, Eccles School Professor of Management Glen Kreiner told New York Times. “Sometimes, that’s why it [...]
Women of color are driving small-business growth during the pandemic. But many are missing out on help such as the Payroll Protection Plan offered by the federal government, despite having applied. “All of us in economics and strategy are predicting an enormous surge in economic activity due to pent-up demand,” said Lyda Bigelow, associate professor in the Department of Entrepreneurship and Strategy at the [...]
Members of marginalized communities tend to live in homes that command lower prices due to the accumulated effects of racism, yet their properties are often assessed at inflated values. That's according to research by Troup Howard of the Marriner S. Eccles Institute for Economics and Quantitative Analysis. The New York Times cited Howard's study in a recent op-ed on the inequities of assessing property [...]
Passive investors are known for being steady. They don't follow every fluctuation in price, or listen to trading floor gossip. That passive approach may be messing up price signals and making business decisions harder, according to research from the Eccles School's Jonathan Brogaard and Matthew Ringgenberg. Discover how in The Atlantic.
The pandemic has been hard on the labor market, but Utah seems to be bucking that trend, according to new analysis from The Wall Street Journal. Utah had the lowest average unemployment rate and highest number of people working or looking for jobs. “We went into the pandemic well-positioned,” said Natalie Gochnour, associate dean at the University of Utah’s David Eccles School of Business. [...]
