Pricing risk in venture capital
The sequence in which venture capitalists sign contracts — first with investors, then with entrepreneurs — creates a classic principal-agent problem. How does this three-way interaction affect the pricing of private equity deals?
Fixing Social Security
Progressive Personal Accounts — a new plan for reforming the U.S. public pension system — could satisfy Democrats and Republicans.
Small loans on a large scale
Is microfinance the key to ending poverty in the developing world? New research findings could help microfinance institutions lower their interest rates and reach more borrowers.
Insuring against global warming
How much should countries spend to avoid the uncertain risk of climate change?
A Return to the banker's honor code
Jonathan Knee wants to bring back the traditional values of investment banking's early days -- before junk bonds, LBO funds and the Internet bubble changed everything.
How can rich countries best promote economic development in the world’s poorest nations?
Paul Tierney, chairman of TechnoServe, an organization that provides technical assistance to entrepreneurs in developing countries, explains what works and what doesn't.
Listen and learn
Do investors learn more from advice or by observing the actions of others?
Is the price of money managers too low?
Gur Huberman examines why competition hasn't eliminated profits for money managers, and why mutual funds are still priced well below the value of their profits.