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Research Papers  Looking on the Bright Side of Financial Derivatives

Blanco, Iván; Wehrheim, David Financial derivatives got a bad name after the crisis. But research by David Wehrheim finds a silver lining: options trading is actually positively linked to firm innovation over the longer term. Here's why. Read article

Research Papers  How Judicial Independence Encourages Entrepreneurship

Valentini, Giovanni; Conti, Raffaele Thinking of setting up a new business? Look beyond the usual concerns -- potential talent, tax benefits -- says IESE's Giovanni Valentini, there's another factor that could make or break your start-up: judicial independence in your chosen region. Read article

Books  From Margin to Center: Fostering Social Cohesion in Cities

Berrone, Pascual; Ricart, Joan Enric; Duch T-Figueras, Ana Isabel Whether living in slums or skyscrapers, all city dwellers ought to be at the center of inclusive, urban policymaking. That is one conclusion of the 2017 book, Cities and Social Cohesion: Designing More Inclusive Urban Areas, which gathers best practices from smart cities around the globe to tackle the growing problem of inequality. Read article
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