The nursing shift
A queuing model for nurse staffing can cut costs and improve patient care.
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?
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.
Pricing event risk
Michael Johannes discusses the impact of events â?? such as interest rate jumps, employment reports and earnings announcements â?? on securities and derivatives markets.
Managing supply chain risk
Traditional supply chain models emphasize the benefits of consolidating production. But as Awi Federgruen explains, the recent flu vaccine crisis illustrates the risks of relying too heavily on a single supplier.
Pricing market volatility risk
Traditional asset pricing models do not account for changes in the aggregate volatility of the stock market. Does market volatility influence the expected returns of individual stocks?
Portfolio risk for institutional investors
As they turn increasingly to hedge funds, how can endowment and pension fund managers create investment strategies that best match their liability streams?
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?
Portfolio credit risk
You've measured your risk. Now, where did it come from? New research helps financial institutions to better understand and manage overall portfolio risk.