New from CRSP - july 2010
look for us!
With over 400 academic institutions in 29 countries subscribing to CRSP data, academic conferences are ideal forums to connect with current and future researchers. Please look for us this summer at:
FMA Asian Conference: July 14 – July 16, Singapore Management University, Singapore
EFA Annual Meeting: August 25 – 28, Campus Westend, Goethe University Frankfurt, Germany
CRSP board member, Professor Douglas W. Diamond will present the keynote presentation.
Final Legacy crsp/compustat merged database (cpz)
The July 29, 2010 shipment of the CRSP/ Compustat Database in the legacy CST format (Volume label CPZ), will be the last. Subsequent CCM shipments will contain only the Xpressfeed version of the data (Volume label CMZ). CRSP would like to hear from subscribers if this change will create challenges for your organization. We will be happy to work with you on achieving a solution. Please contact us by writing to Client Services at support@crsp.ChicagoBooth.edu or calling 312-263-6400, Option 2.
New CRSP Data Installs
In order to maintain support for our installation software, CRSP found it necessary to create new installs for our data products using InstallAnywhere. Differences found on Windows installations are largely cosmetic.
Linux and Solaris users will see minor differences in the setting of environment variables. These are described on the first page of the CRSP US Stock Release Notes for the May 2010 Update with details following on page 7 of the notes.
The new installations take the same elapsed time as the previous installs. Note that up front there is what seems to be quite a bit of time, measured in minutes, while your installation initializes. Resist the temptation to begin pushing buttons and the process will run smoothly. Once initialized, the install process is efficient.
Important Information for CRSPSift Version 2.3 Users
The CRSPSift 2.3 software expired on June 30, 2010. Please click here for more information.
Gift to Chicago Booth in Appreciation of Fama
A $25 million gift has been made to Chicago Booth by Mac and Leslie McQuown. The McQuown’s donation is given in appreciation of CRSP Board Chairman and Professor Gene Fama as a longtime colleague, partner and friend and in memory of Merton Miller, a highly-valued teacher and mentor to both Mac McQuown and Professor Fama.
Mac McQuown is co-founder of Diversified Credit Investments, a San Francisco-based investment firm. He led the team at Wells-Fargo that, in 1971, created the first index fund, based on Gene Fama’s efficient market hypothesis and his own belief that computers and quantitative analysis could measure risk and return for virtually the entire equity market.
This is the initial building block for Chicago Booth’s planned Fama-Miller Center, which will support and promote the research of finance faculty.
50 year Milestone!
CRSP was formally organized in March 1960, under the direction of Professors James Lorie and Lawrence Fisher.
You may find more information about the early developments of CRSP, and some of the key historical events in our CRSP 50th Anniversary pages. Find out how an advertising executive’s question resulted in the creation of one of the most widely recognized research-quality databases ever assembled.
Learn why 1926 is the starting point for long term charts. Uncork the mystery on which company paid out a dividend in whiskey.
CRSP is growing!
CRSP is expanding again, with a talented staff soon reaching nearly 70 who are all committed to the delivery of quality data products. To learn more about career opportunities at CRSP and to see current open positions, visit our Career page.
In the Press
CRSP
1926 marks beginning of time
Why 1926? The significance of 1926 is related to a landmark 3-½ year study that was initiated in 1960 at The University of Chicago Booth School of Business (formerly Chicago GSB). For the past 50 years, CRSP has been building on and expanding the initial 35 years of data used in the Fisher Lorie Study of 1964. Read more here >>
CRSP Board Members
CRSP Board Chairman and Professor Eugene Fama, has published a new paper entitled My Life in Finance, which looks back at some of his most important contributions to the field of financial research.
THE WALL STREET JOURNAL: CRSP Board Member and Professor John Cochrane wrote an op-ed titled “Greek Myths and the Euro Tragedy.” “Greek bondholders are not being asked to miss a single interest payment, reschedule a cent of debt, suffer any write-down, take a forced rollover or conversion of short to long-term debt, or any of the other messy ways insolvent sovereigns deal with empty coffers,” he wrote. “Those who bought credit default swaps lose once again. But why? The reasoning behind the Greek bailout is founded on several myths that need exploding.”
Read more here >>
MORNINGSTAR.COM: Professor Cochrane discussed the looming sovereign debt crisis.
Read more here >>
CFO MAGAZINE: Research by CRSP Board Member and Professor Steven Kaplan was featured in an article headlined “What Makes a CEO Successful?” published May 19. For finance chiefs who have their sights trained on the corner office and want to develop their skill-sets accordingly, here’s a provocative notion: treating people with respect and being a good listener may not be all that important to becoming a successful CEO, the article said. “Team skills are not bad,” Professor Kaplan said. “But if you just have those without the action orientation, you don’t get anywhere.”
Read more here >>
MORNINGSTAR.COM: Professor Kaplan discussed “too big to fail,” and executive pay during two interviews.
Video 1 >>
Video 2 >>
MORNINGSTAR.COM: CRSP Board Member and Professor Tobias Moskowitz discussed why proposed financial regulations won’t work.
Read more here >>
| July 16 | Monthly US Stock and Indices Database Ship Date |
| July 29 | Annual, Quarterly, Monthly CRSP/Compustat Merged Database Ship Date |
| July 30 | Quarterly US Stock and Indices Database Ship Date |
| Quarterly, Monthly CRSP/Ziman Real Estate Data Series Ship Date | |
| Quarterly Mutual Fund Database Ship Date | |
| August 17 | Monthly US Stock and Indices Database Ship Date |
| August 25-28 | EFA Annual Meeting: Campus Westend, Goethe University Frankfurt, Germany |
| August 27 | Monthly CRSP/Compustat Merged Database Ship Date |
| August 31 | Monthly CRSP/Ziman Real Estate Data Series Ship Date |