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.
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.
When getting bad news is good news for banks
Rotating loan officers makes them more likely to report bad news about their portfolios, leading to more accurate internal reporting for lenders.
Dutch auctions
Applying lessons from her research on Dutch auction stock repurchases to Google's IPO, Laurie Hodrick explains why she expects to see more firms using the Dutch-auction method to issue shares.
Customer lifetime value
Donald Lehmann discusses Managing Customers as Investments, a new book in which he and coauthor Sunil Gupta explain how to calculate and apply customer lifetime value.
Inherited control and firm performance
In general, CEOs related to a founder or large shareholder of a corporation underperform their peers, but some heirs make effective leaders. Is nepotism always harmful or can it be strategically advantageous?
Bankruptcy codes and default risk
Do different national codes turn bankruptcy into a strategic tool for companies? And how will changes in the U.S. bankruptcy code affect companies' borrowing behavior?
Can a firm's last resort be its stock price's best option?
When market shocks occur, firms that have the financial resources to repurchase their own shares experience less volatility.
Climbing the quality ladder to compete in the global marketplace
Firms in developed countries can compete with those in emerging economies by specializing at the high end of the quality scale.