New research from the McCombs School of Business at The University of Texas at Austin offers a more broad-based approach to assessing how large financial institutions would weather crises. The new models, devised by Rui Gao, associate professor, and Stathis Tompaidis, professor — both in the Department of Information, Risk, and Operations Management — rely less on big events and more on multifaceted data. In experimental runs, their test scenarios outperformed a regulator’s existing ones at identifying worst-case losses. “It’s not necessarily the large market moves, the headline days, that are the best days to use,” Tompaidis says. “It’s days where the stresses are complemented with each other.”

The income gap between the global North (the advanced economies of the core) and the global South (the developing economies of the periphery) has increased by between 170% and 270% since 1960, according to a study by the Institute for Environmental Science and Technology at the Universitat Autònoma de Barcelona (ICTA-UAB), Spain, recently published in the journal New Political Economy. The research, conducted by ICTA-UAB economists Jason Hickel and Dylan Sullivan, delivers a blow to the popular narrative that poorer countries are "catching up" to richer nations through capitalist growth.

A new pan-European study has identified the key behavioural factors that influence whether healthcare professionals prescribe new, novel or non-routine treatments for patients with neurodegenerative diseases.

An innovative new program brings together two of the top disciplines at The University of Texas at Austin to help engineers become business leaders. 

The new five-year program, a collaboration between the Cockrell School of Engineering and the McCombs School of Business, blends technical innovation and strategic business thinking. Students will earn both a Bachelor of Science in engineering and a Master of Science in business.

This case-control study found that delinquent mortgage payments, repossessions, late credit card payments, and lower credit scores were associated with higher odds of suicide.

A new study from Carnegie Mellon University and Oxford Saïd Business School finds that the rollout of Uber and Lyft across 167 U.S. metropolitan areas triggered measurable, positive changes in local economies. Published in Nature Cities, the research reveals that the entry of these ride-hailing services consistently boosted regional GDP per capita and increased the availability of flexible, intermittent jobs. While overall employment and wage rates remained stable, the findings provide clear evidence that the gig economy expanded mobility and unlocked new regional economic activity.

Researchers at the University of Bath and The London School of Economics and Political Science (LSE) suggest that the celebrated Dunning-Kruger effect, often taken to mean the least competent people are the most overconfident, may actually be the wrong way round.