Beware of "Independent" Investing Research

The Wall Street Journal
Aug 16, 2010

In recent years, financial-services firms have found a new tool to help them drum up customers: the academic study. Universities conducting the research say they do not allow sponsors to interfere, but critics say that schools should do more to disclose corporate support. HANS STOLL, director of Vanderbilt's Financial Markets Research Center, says business schools have been accused of not being close enough to the real world. "The connection to business is desirable. I don't think we want to sever that on the altar of conflict of interest."