An interdisciplinary team of researchers at the University of California, Santa Cruz, has published a new study using transaction data provided by Zillow to show that homebuyers price in the natural-defense value of mangrove after heavy storm seasons. The new research, published in the journal Review of Finance, finds that homes in coastal Florida saw smaller price declines after storms when they were near mangrove forests versus homes that were farther from them.

OYE Therapeutics Inc., a privately held biopharmaceutical company, has announced the successful close of its $5 million convertible note financing, positioning the company to enter clinical development. Proceeds from the raise will support OYE’s Phase 1 pharmacokinetic and safety study and its subsequent pivotal trials. The company develops first-in-class intravenous caffeine-based therapies for anesthesia recovery and opioid-induced respiratory depression.

In a new study, Francisco Polidoro Jr., professor of management at Texas McCombs, finds present-day insights in an old innovation story: how NASA developed its space shuttles, which flew from 1981 to 2011. The lessons can inform today's rocketeers and anyone looking for breakthroughs cutting-edge fields, from phones to pharmaceuticals.

Rather than a straightforward sequence, NASA used a meandering knowledge-building process, he finds. That process allowed it to systematically explore rocket features, both individually and together.

“With breakthrough inventions, the number of combinations of possible features quickly explodes, and you just can’t test all of them,” Polidoro says. “It has to be a much more selective search process.”

A naturally fluffy white beard, a round belly and a jolly laugh might seem like the keys to being a successful Santa Claus, but new research suggests that a calling to play the man with the bag full of toys is enough to help candidates overcome a lack of typical attributes for the role.

 

In times of economic upheaval, investors can get a clearer picture of the stock market’s future performance if they tune into how corporate insiders are trading stocks in their own companies.

Managers’ narcissistic tendencies may fundamentally affect whether a company makes risky or safe moves as a response to the firm’s above-aspiration performance, according to a new study published in Strategic Management Journal. In a study that helps to clarify prior conflicting research, the researchers find evidence that high-narcissism CEOs respond to above-aspiration performance with more acquisitions, while low-narcissism CEOs avoid acquisitions.