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.
Gauging Corruption's Impact
Corruption — a major barrier to growth and development in poor countries — is difficult to define and even more difficult to measure. Creative research methods are shedding new light on its effects.
Disclosing risk
Risk disclosure decisions can have a direct impact on a firm’s cost of capital. When is it in managers’ best interests to voluntarily reveal information about firm-specific risk?
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?
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 explains 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?