Ivo Welch

...J. Fred Weston Distinguished Professor of Finance and Economics
at the Anderson Graduate School of Management at UCLA
(also area chair for finance for 2022-2023.)



corpfin textbook cover

CorpFin Textbook
5th Edition, Free Download

climate textbook cover

Global Climate Change
the pragmatist's guide to moving the needle

CFR 6-1 cover

Critical Finance Review
Academic Journal


Nov 2023: Israel and Gaza


IPCC SSPs

Shared Socioeconomic Pathways: Explained, Critiqued, Replaced

ssrn 2024
AFA Demographics

Just curious...

ssrn 2023
InfoCascades With Many Choices

it's more robust than I thought!

ssrn 2023
Climate-Change & Economics

...and it's a free textbook!

Equity Premium Prediction II

what predicts the stock market?

2023
More Video Sketches

more?

 2021
Information Cascades

social learning literature survey plus.

2021
Inappropriate
Robinhood Investors

is there any crowd wisdom?

Market-Beta

the best (and easy) estimator of market-beta?

Market-Beta

did low market-beta stocks hedge well in market crashes?

2017
CAPM

did high-beta stocks even outperform low-beta stocks in the long-run?

Real-Estate & Capex

did real-estate really influence corporate cap-ex?

2020
Capital Structure

did companies try to maintain stable leverage ratios?

2004/2013
Information Cascades

do many possible action choices render cascades unimportant?

TBA
Equity Premia

did stocks outperform bonds because they were riskier or longer-term?

2016
Equity Premia

could you predict stock returns with dividend-yields (etc)?

2008
Equity Premia

can you measure disaster risk in-time? Can it explain the equity premium?

2016
The Real Rate

is the real interest rate after-tax unusually low?

2018
Reversals

is evidence of portfolio reversals evidence of stock reversals?

2016
S&P500

has in/ex-clusion from the S&P500 changed over the decades?

2016
Refereeing

does your paper or the draw of the referee matter more?

2014
BLOG

I do blog occasionally—sometimes, for therapy, sometimes for insight.


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