Could Uncertainty Cause a Recession?
New research explores whether asymmetric information about corporate assets could have been the sole cause of the recent crisis.
Caution on Cocos
Research suggests that mandatory contingent convertible bonds with a market trigger may not address the problem they were designed to solve.
Letting Go of the Best
Why are firms' most productive employees the most likely to get pink slips when a recession hits?
Trade and Credit
A lagging consumer appetite, not a tight market for lending, is the main cause of the plunge in exports during the global recession.
How Do Business Groups Form and Evolve?
New metrics provide a way to measure the growth and evolution of complex business groups.
A White Hat for Private Equity?
A growing body of evidence suggests that when private equity enters an industry, growth and productivity follow.
Quantitative Ethics
Bruce Kogut considers who should bear the burden of examining — and addressing — the consequences of financial innovation.
Lenders Enter the Limelight with Caution
Transparency in credit markets may have unintended consequences.
Is Back-Door Equity Financing Always a Bad Idea?
Companies are often criticized for raising capital by selling mandatory convertible bonds that pay high interest rates, but the instruments can be a good way to shore up a firm’s finances.