Publications

June 2010 (Revised September 2011)
Case

The Southeast Bank of Texas in the Financial Crisis

By: Robert C. Pozen and Benjamin Greff Schneider

The Southeast Bank of Texas, like most other financial institutions in the U.S., has fallen on hard times during the financial crisis of the past year. Now, in March 2009, the bank is faced with several choices as a result of the new reforms spawned from the financial... View Details

Keywords: Decision Choices and Conditions; Financial Crisis; Capital; Financial Liquidity; Governing Rules, Regulations, and Reforms; Policy; Banking Industry; Texas

January 2024
Case

The Financial Times (FT) and Generative AI

By: Andrew Rashbass, Ramon Casadesus-Masanell and Jordan Mitchell

In September 2023, John Ridding, CEO of the Financial Times, was considering the possible impact of Generative AI on the industry and his business. Having navigated successfully the seismic shift from print to digital, and reporting record results, the company... View Details

Keywords: AI and Machine Learning; Technology Adoption; Change Management; Journalism and News Industry

08 Jan 2018
Research & Ideas

The Startling Percentage of Financial Advisors with Misconduct Records

iStock Even as President Donald Trump and Republican leaders seem set on a course to weaken Obama-administration consumer protection regulations, a soon-to-be-published study reports that 7.3 percent of financial advisors in the United... View Details

Keywords: by Michael Blanding; Financial Services

June 2009 (Revised May 2010)
Background Note

A Note on Cost Reduction in Financially Troubled Organizations

By: Paul W. Marshall

This note discusses methods for reducing costs, particularly labor costs, in a financially distressed organization. View Details

Keywords: Financial Crisis; Entrepreneurship; Cost Management; Financial Condition; Labor; Crisis Management

2024
Working Paper

The Evolution of Financial Services in the United States

By: Robin Greenwood, David S. Scharfstein and Robert Ialenti

This article surveys the literature on the historical growth and transformation of the U.S. financial sector. The sector expanded rapidly between 1980 until 2006, when its contribution to GDP rose from 4.8% to 7.6%. After the Global Financial Crisis, the size of the... View Details

Keywords: Financial Crisis; Financial Institutions; Financial Markets; Growth and Development; Economic Sectors; Financial Services Industry

Read Now

August 1994 (Revised July 1995)
Background Note

Financial Reporting and Control, Course Overview

By: Robert L. Simons and Antonio Davila

Keywords: Financial Reporting

February 1987 (Revised July 1996)
Case

Comdisco, Inc.: Financial Statement Analysis (B)

By: Krishna G. Palepu

Keywords: Financial Statements

April 1986 (Revised July 1996)
Case

Comdisco, Inc.: Financial Statement Analysis (A)

By: Krishna G. Palepu

Keywords: Financial Statements; Information Technology Industry

Research Summary

Level Playing Fields in International Financial Regulation

Joint work with Alan Morrison, Saïd Business School, Oxford.

We study a model of featuring two economies with adverse selection of and moral hazard by bankers. We demonstrate... View Details

1 Aug 2010
Conference Presentation

Explaining the Financial Meltdown - Discussion

By: Carliss Y. Baldwin

Keywords: Finance; Financial Crisis

22 Jan 2016
Working Paper Summaries

Financial Patent Quality: Finance Patents After State Street

Keywords: by Josh Lerner, Ann Leamon, Mark Baker & Andrew Speen; Financial Services

November 1993 (Revised July 1995)
Background Note

Introduction to Transnational Financial Statement Analysis

By: David F. Hawkins

Keywords: International Accounting; Financial Statements

May 2014
Case

Goldman Sachs: Anchoring Standards After the Financial Crisis

By: Rajiv Lal and Lisa Mazzanti

Goldman Sachs, a longtime venerable financial institution headquartered in New York City, had a partnership culture that was known to value its clients. But when the financial crisis hit in 2008 and Goldman Sachs emerged relatively unscathed, its public image took a... View Details

Keywords: Brand Management; Public Image; Corporate Accountability; Reputation; Standards; Financial Crisis; Brands and Branding; Financial Services Industry; Financial Services Industry

2014
Article

Corporate Governance and the Financial Crisis in Italy

By: Dante Roscini

The financial crisis hit Italy harder than many other Eurozone countries. In part this was due to the fact that the crisis came upon a system that was weakened by years of sub-par economic growth. One of the several endogenous factors that explain the stagnation of the... View Details

Keywords: Corporate Governance; Financial Crisis; Italy

February 1995
Teaching Note

Corporate Financial Management: Options Exercises (TN)

By: Timothy A. Luehrman

Teaching Note for (9-293-095). View Details

Keywords: Decisions; Price; Stock Options; Theory; Investment; Corporate Finance

August 1992 (Revised September 2004)
Background Note

Accounting Framework, Financial Statements, and Some Accounting Concepts, The

By: William J. Bruns Jr.

Introduces the accounting framework, basic financial statements, and eleven accounting concepts. View Details

Keywords: Accounting; Financial Statements

2024
Working Paper

CSR Under the Pressure of Financial Shocks

By: Monica Kabutey, Syrena Shirley and Anywhere Sikochi

This study examines how the COVID-19 pandemic influenced firms' interactions with customers and suppliers. Customer-supplier relationships are essential because the success of interconnected firms affects the sustainability of the entire supply chain. We use the... View Details

Keywords: COVID-19 Pandemic; Supply Chain; Customer Focus and Relationships; Business and Stakeholder Relations; Corporate Social Responsibility and Impact; Financial Crisis

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2015
Working Paper

Customers and Investors: A Framework for Understanding Financial Institutions

By: Robert C. Merton and Robert T. Thakor

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or private/public-sector guarantors of institutions, expect an appropriate risk-adjusted return in exchange for the financing and risk-bearing that they... View Details

Keywords: Financial Institutions