# Professor Jeffrey Wurgler's joint research on dividends is featured

1 Faculty News February 5, 2018 ![MarketWatch logo](/sites/default/files/styles/246w/public/assets/images/marketwatch%20logo.jpg?itok=pHUVfozf)>

Excerpt from [MarketWatch](https://www.marketwatch.com/story/heres-some-good-news-about-the-stock-markets-plunge-2018-02-05) -- "Consider first a study that was published in 2006 by Malcolm Baker, a finance professor at Harvard Business School, and [Jeffrey Wurgler](http://www.stern.nyu.edu/faculty/bio/jeffrey-wurgler), a finance professor at NYU. They devised a number of objective indicators of irrational exuberance that, in backtesting, were highly correlated with bubbles such as the 1929 stock market crash and the bursting of the Internet bubble in early 2000."

[Read more](https://www.marketwatch.com/story/heres-some-good-news-about-the-stock-markets-plunge-2018-02-05)