Davidson Heath

Does Socially Responsible Investing Change Firm Behavior?

By Davidson Heath | February 22, 2023

Over the last decade, there has been a significant increase in the popularity of socially responsible investment (SRI) funds. These funds claim to incorporate environmental and social (E&S) risks into the selection of their portfolio firms and the majority of these funds also claim that they engage with their portfolio firms to improve the real-world… Read More »

Market Crashes and Merger Completions

By Davidson Heath | March 23, 2020

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Courtesy of Davidson Heath and Mark Mitchell* Recent movements in financial markets illustrate the proverb: “The market takes the stairs up and the elevator down.” After rising steadily through 2019 and reaching a new all-time high of 3,386 on February 19, 2020, over the next seven trading days the S&P 500 fell by 432 points,… Read More »