Saturday, December 28, 2013

Disclosure of potential financial conflict of interest...

... seems like such an obvious tenet of sound professional ethics in academic work to me. But apparently not to Professor Pirrong of the University of Houston Finance Department. Still, even if he prefers not to offer full disclosure, he might consider adding a footnote at the beginning of each paper or powerpoint deck on topics related to the industries that pay him big bucks... In fact he has written it already, in response to a reader who questioned his objectivity: "Uhm, no, dipstick... I call 'em like I see 'em." I'm reassured, aren't you?

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