Yesterday I asked Public Offering visitors the same question I asked my Modern Political Economy students: should the federal government intervene in the current crisis or simply let the market work its painful way out? Here are a couple student responses.
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.
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?
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?
Drawing lessons from recent and historical financial crises, Charles Calomiris offers policy recommendations for managing risk in global financial markets.
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.
Should the U.S. join the Kyoto Protocol, or at least play a positive role in the search for a successor? Or is this too costly, or otherwise “fatally flawed,” as our president has suggested?
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?
Many foreclosures are not preventable. However, if a foreclosure is preventable, and the borrower wants to stay in the home, the economic case for trying to avoid foreclosure is strong.
Rotating loan officers makes them more likely to report bad news about their portfolios, leading to more accurate internal reporting for lenders.
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.”
One of the reasons that Modern Political Economy is such an enjoyable course to teach is that every term a real-life issue emerges that underscores the course’s contemporary relevance. What to do about the credit crisis that cascaded from the home mortgage debacle is the latest case in point.
Regardless of their attitude — risk-averse vs. risk-seeking — people often make decisions based on an inaccurate perception of risk. Elke Weber explains how psychological and cultural factors shape risk perception.
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?
As they turn increasingly to hedge funds, how can endowment and pension fund managers create investment strategies that best match their liability streams?
Michael Johannes discusses the impact of events â?? such as interest rate jumps, employment reports and earnings announcements â?? on securities and derivatives markets.
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.
Charles Jones offers some simple advice for appraising the state of the ongoing credit crisis.
You've measured your risk. Now, where did it come from? New research helps financial institutions to better understand and manage overall portfolio risk.
For Daniel Beunza, one thing about uncertainty is certain: nowadays, it sits at the top of every decision maker's agenda.
Thanks to new work by Professors Paul Glasserman (CBS) and Michael Giles (Oxford), rapid calculations of hedge ratios can happen faster than ever before.
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...
Professors Glenn Hubbard, Paul Glasserman and Bob Bontempo joined faculty members from across the University in offering their reflections on 2005 and projections for 2006. Read more...
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Alumni Profile: Enrique Coronado '08: Por Ti, Familia 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...
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...
