Smaller entities will have an advantage as leverage changes, Thomas Russo, the former vice chairman of Lehman Brothers, told students in a Community Forum last night. Read more of his remarks.
If you are planning to pursue a VC investment career after business school, a word of advice: get experience doing market sizing and practice, practice, practice.
In March, Lukas Bauer ’09 and I worked with the First MicroFinanceBank of Tajikistan to assess the viability of providing commercial loans to small and medium enterprises.
Professor John Donaldson remembers Pandit as a PhD student here at CBS.
According to my new friend at Blackstone, restructuring has a short window of opportunity because, unlike the weather here in London, there are typically more sunny days than rainy days in any given market cycle.
The Treasury has appointed a new overseer for executive compensation. How does this affect the debate on CEO pay? Accounting professor Sudhakar V. Balachandran shares his thoughts.
Any successful organization requires growth in order to stay competitive, but how does a comparatively small company continue to grow if it has a limited domestic market?
For Daniel Beunza, one thing about uncertainty is certain: nowadays, it sits at the top of every decision maker's agenda.
Internal discounts for buying divisions within companies may enhance the efficiency of market-based transfer pricing.
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?
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?
Lehman Brothers defied the death knell yesterday and CBS experts believe a Bear Stearns repeat is avoidable.
On September 10, James P. Gorman '87 was selected as the new chief executive of Morgan Stanley.
What long-term structural changes in financial intermediation will result from the subprime turmoil?
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.
Shareholders are demanding more rights. What are the implications for corporate governance?
Giving shareholders a say may not have as much impact on executive compensation as investors would like.
New computer and information technologies not only increase productivity, they can transform entire organizations and industries.
For investors to feel confident that borrowers will pay what they owe, a trust support must be developed.
"Your Business School years have coincided with an extraordinary time and now you have a huge opportunity," Paul Calello '87 of Credit Suisse told students in a recent lecture.
If Jerry Springer had a show about business, this panel discussion might have been an early episode.
In December, financial behemoth Citigroup named Vikram Pandit, PhD ’86, chief executive officer—a big job any time, but a particularly challenging one for the embattled firm, buffeted by credit woes.
"You should pursue the things you're inherently interested in. Look inside yourself for career advice, because that is important, wherever it might lead you." Read more about how Karen Kalina '94 built a career in finance that took her overseas.
The Treasury and Fed should not ignore systemic risk just to limit moral hazard. But we cannot and should not try to protect every institution.
By bringing transparency into the underlying fundamentals and risk characteristics of a business, regulators will be able to provide a more accurate and complete assessment of the related fundamentals and risks, says Professor Trevor Harris.
How banks can profit from financial models without getting trapped in them.
How can banks profit from financial models without being trapped in them? Research by two Columbia professors reveals how successful banks manage their modeling processes.
New research suggests that high-priced talent at the top may be justified in a globalized world.
A new orientation lecture about the financial crisis was created this year to give students an overview of the causes and key issues of the crisis.
Will suspending mark-to-market save the banks? The debate, which has been raging in the financial press for months, may finally be moving toward a resolution. What do you think about changing the rules?
Things are busy at BlackRock this summer. There was a lot of acquisition in the early to mid 2000s, and now it’s time to really make those properties perform.
To better understand the business environment in Italy, we attended a private equity conference, where we had the opportunity to meet with the U.S. Ambassador to Italy.
As many companies file their financial results this year, they will face the challenge of implementing FASB’s new 800-pound gorilla: recording assets and liabilities at fair value.
With the right product differentiation strategy, you can steal customers from your competition without provoking a price war.
Rotating loan officers makes them more likely to report bad news about their portfolios, leading to more accurate internal reporting for lenders.
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.
Will President Obama's cap on executive pay hinder leadership at top firms? Professors Nahum Melumad and Sudhakar Balachandran share their views.
Firms in developed countries can compete with those in emerging economies by specializing at the high end of the quality scale.
On August 3, Sallie Krawcheck '92 was named president of Global Wealth and Investment Management for Bank of America.
The expansion of the Fed’s lending has been extraordinary in scale and scope. But it is not the best response to the present credit crunch and may bring unwelcome side effects.
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?
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.
Alan Greenspan’s implicit policy of low and stable inflation needs explicit adoption after he leaves the Fed.
When the stock market heads south do you ignore your bank account balance? Professor Nachum Sicherman discusses his research on the links between the ups and downs of the market and consumer behavior.
Cheryl Rathbun, a managing director at Citi, spoke with students in September about the future of financial regulation. Banking, she said, may start to look a little more retro.
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.
The SEC has issued an emergency order prohibiting naked short selling in 19 financial stocks, but at most, this really just adds more hoops for brokers to jump through.
Participating in the Pershing Square Challenge is the type of experience you go to business school for. Where else in the world do you have the opportunity to pitch a stock to a panel of value investing legends?
By adding quantitative discipline to their number crunching, financial analysts may avoid the psychological biases that can lead to judgment errors.
The government takeover of Fannie and Freddie marks a stunning event in the historical legacy of these financial institutions.
Monday, November 9, is the deadline for banks to apply for the Treasury's Capital Assistance Program. Chances are, none will sign up.
Transparency in credit markets may have unintended consequences.
It’s a striking claim: by giving money away, we make ourselves better off. Can this be true?
Dean Glenn Hubbard addressed an all-school group about the near-term and long-term economic impact of the current news from Wall Street.
Before Lehman's fall, the government played a relatively small direct role in financial markets. Now, the most important player in financial markets is the government.
Will the new credit card legislation fundamentally change the way consumers use credit or the way lenders dole it out? Assistant finance professor Enrichetta Ravina discusses the behavior of credit cardholders.
After conducting a survey of very large corporations around the world, I discovered that a standard of best practices for employing risk management within a governance structure does not yet exist.
Should a single day’s work be worth $200,000? New research from Professor Maria Guadalupe finds links between high pay and high performance for chief executives.
A provision in the stimulus package calls for limits on the hiring of H-1B visa holders. How will the provision affect students, and how is Columbia Business School responding?
I’ve been working to have my novel turned into a movie for the past few years, and the process has revealed the truth behind both positive and negative film-industry stereotypes: it’s full of passive-aggressive people, but it does respect persistence.
There has been a lot of emotionally charged rhetoric surrounding sovereign wealth funds. I just don’t buy it. Calls from politicians and the media for sovereign wealth fund regulation miss the larger point.
On March 21 I flew to Omaha — along with 150 of my classmates — to meet Warren Buffett, MS ’51, a man I have admired (some friends would say fanatically idolized) for close to 15 years.
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.
A game reveals what lies beneath our most charitable impulse.
If the financial crisis taught business schools anything, it's that the curriculum can no longer turn a blind eye to pressing policy issues that impact business, says Professor Bruce Kogut.
Alan Greenspan in Sunday’s FT said the recent financial crisis may be judged in retrospect as “the most wrenching since the end of the second world war.”
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.
Before working at a venture capital company, I tried for years to figure out how to quickly determine if something is a venture capital investment or a private equity investment.
How much should countries spend to avoid the uncertain risk of climate change?
When market shocks occur, firms that have the financial resources to repurchase their own shares experience less volatility.
What does the future hold for private equity? Dan Primack and David Snow, moderators at today's Private Equity and Venture Capital Conference, share their views.
Organizations need to think more critically about how strategic service initiatives affect operating costs.
Charles Jones offers some simple advice for appraising the state of the ongoing credit crisis.
Five years after graduation, Jackie Endriss Oberoi '04 has a successful career in finance that she finds both personally and professionally rewarding. What's the secret to her success?
In the late 1990s, Argentina adopted world-class bank regulation and welcomed the arrival of several large foreign banks. Did these changes make it easier for small firms to obtain funding?
In today's economy, it has become more important than ever to be able to identify red flags in financial statements. Every executive needs to be able...
To meet the demands of risk and finance professionals, PRMIA (Professional Risk Managers’ International Association) and Columbia Business...
Tim Brandt ’09, Gary Kats ’08 and Stephen Walker ’09 won the University of Maryland’s first Mergers & Acquisitions Competition, topping a field of 10 MBA teams. Read more...
Laurie Simon Hodrick, professor in the Finance and Economics Division, has won a 2006 Presidential Teaching Award, a University-wide honor that recognizes Columbia?s outstanding professors. Read more...
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The Center on Japanese Economy and Business(CJEB) and The Program for Economic Research(PER) organized a conference titled "Coping with Crisis: Financial Policy in the U.S. and Japan" from 6:00 p.m. to 7:30 p.m. on Tuesday, November 10, 2009 at Columbia Business School. This was the inaugural event of CJEB's new program, "New Financial Architecture-Japan & the U.S." Read more...
In a community forum event on November 12, Buffett and Gates responded to student body questions on a variety of topics, including the economy, investing during an economic downturn and the fruitful careers and industries of the future. Read more...
Robert Amen ’73, the retired chairman and CEO of International Flavors and Fragrances, and Frank Zarb, chairman of Frank Zarb Associates, have joined Columbia Business School’s Executives in Residence Program. Read more...
The Lang Center Launches a Formal Mentorship Program for Student Entrepreneurs Read more...
Columbia Business School is pleased to announce eight new members have joined the faculty for the 2009-10 academic year. Read more...
Prof. Andrew Ang discusses the impact government intervention had on Wall Street after the fall of Lehman Brothers. Read more...
Over 700 alumni, professionals and students gathered to discuss emerging trends in the private equity and venture capital communities. Read more...
Prof. Partha Mohanram explains how leverage looks on a balance sheet. Read more...
In this op-ed Prof. Partha Mohanram explains why the balance sheet deserves more attention. Read more...
In a candid discussion, Pandit attributed the recent economic turmoil to severe global imbalances and outlined the strategy for Citigroup’s recovery. Read more...
“The core is essential to preparing our students to analyze, decide and lead in an increasingly complex and global business environment,” said Dean Glenn Hubbard. Read more...
For the second year in a row, CBS teams were awarded both first and second place for their corporate turnaround strategies in the Carl Marks Student Paper Competition. Read more...
Professor Charles Calomiris says selling shares to raise capital is the best way for banks to offset the riskiness of their portfolios. Read more...
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Following the close of a difficult quarter, investors will be watching closely as Citigroup CEO Vikram Pandit ’86 continues his push to turn the company around. Read more...
Rejecting calls for Citigroup’s breakup, CEO Vikram Pandit ’86 has vowed to keep the world’s largest bank intact in order to preserve its wide international reach. Read more...
Alum Jeremy FitzGerald ’90 advises MBA graduates entering the job market not to fear natural market cycles. “It always feels uncomfortable, but you get some perspective on it once you’ve been through it a few times,” she says. Read more...
Commenting on the Treasury Department’s plan to overhaul the regulatory framework for the financial system, Professor David Beim points out the difficult reality of forcing institutions to merge. Read more...
Recent market turmoil has led some MBA students to consider jobs in corporate restructuring: “Sometimes a difficult market creates opportunities,” said Regina Resnick, assistant dean and managing director of the Career Management Center. Read more...
University trustee and Business School alumnus has won the top leadership position, following his recent promotion to chairman and CEO of the bank’s institutional clients group. Read more...
On Thursday, October 11, 2007, the Center on Japanese Economy and Business and the Japan Business Association of Columbia Business School cosponsored a zadankai (roundtable discussion) entitled “Issues in Japanese Pension Fund Management” Read more...
Building on the School’s many ties to the private equity industry, the new program will bring together students, alumni and prominent industry leaders. Read more...
Columbia MBA students’ turnaround strategies for Pier 1 Imports and Trump Entertainment Resorts earned two top awards at the 2007 Carl Marks Student Paper Competition. Read more...
Dean Glenn Hubbard examines effects of the corporate tax on the economy. Read more...
Dean Glenn Hubbard was featured in the keynote interview at the Wall Street Journal’s first-ever Deal & Deal Makers Conference at the New York Stock Exchange on June 27. Read more...
“Just because we have been the center of the world’s financial markets until now does not mean that we can afford to be complacent about prospects for the future,” said O’Neal. Read more...
Christian Lee ’07 discusses his Summer Fellowship in Afganistan. By by David Rosensweig ’07, Bottom Line. Read more...
A team of five MBA students who studied with Laura B. Resnikoff won a second-place award at an international student paper competition. Read more...
By Amina Runyan-Shefa '06, Bottom Line. Read more...
Student Paper Featured in Top Mexican Newspaper Read more...
Professor Ray Horton moderated a panel of experts, representing stakeholders from institutional investors to unionized employees. The participants considered proposals, problems, reforms and solutions for moving past the scandals that continue to beset corporate America. Read more...
Glenn Hubbard, dean and Russell L. Carson Professor of Finance and Economics, leads discussion with new MBA students. Read more...
At fall orientation, Professor Geoffrey Heal and corporate leaders from the pharmaceutical and paper industries explored the tradeoffs between profitability and social responsibility Read more...
Commissioners Paul Atkins and Harvey Goldschmid of the Securities and Exchange Commission (SEC) join Dean Hubbard in a panel discussion. Read more...
Should corporations worry about their social impact? Or should they just go for profits and trust that everything else will fall into place? By Professor Geoffry Heal, Hermes. Read more...
By Ben Kornfeind '04, Bottom Line. Read more...
Read the paper online. Read more...
