A collection from the editors of Darden Ideas to Action:
Expert
Michael J. Schill
Sponsors Professor of Business Administration
Insights
What can railroad bonds from 150 years ago teach us about globalization, portfolio diversification and the cost of financial market segmentation? At a time when markets are increasingly isolated globally and limit opportunities to invest abroad, new research examines what investors are willing to pay to gain access to investment in foreign markets
Benchmarks are critical to decision-making. It stands to reason, then, that an investment decision should have its own benchmark: the cost of capital. Here, Darden Professor Michael Schill offers four principles to guide the investor in measuring risk and expected return to estimate the cost of capital.
Darden Professor Michael Schill discusses a surprising investment strategy: Buy low-growth firms. Firms expanding their assets bring a lower annual return.
