Publications

June 2005 (Revised October 2007)
Background Note

The Law of One Price

By: Joshua D. Coval, Erik Stafford, Rodrigo Osmo, John Jernigan, Zack Page and Paulo Passoni

Demonstrates the Law of One Price in practice. Using synthetic securities, students should observe opportunities to earn profits when spreads emerge between portfolios that offer identical payoffs. Uses separate uptick financial simulation software. View Details

Keywords: Price

Educators

June 2005 (Revised October 2007)
Teaching Note

The Law of One Price (TN)

By: Joshua D. Coval and Erik Stafford

Teaching Note to (2-205-079). View Details

Keywords: Price

2005
Working Paper

Asset Fire Sales (and Purchases) in Equity Markets

By: Joshua Coval and Erik Stafford

February 2004
Article

Price Pressure Around Mergers

By: Mark Mitchell, T. Pulvino and Erik Stafford

Keywords: Price; Mergers and Acquisitions

January 2004
Article

Investigating the Economic Role of Mergers

By: Gregor Andrade and Erik Stafford

September 2003 (Revised January 2004)
Case

Giant Cinema

By: Malcolm P. Baker, Richard S. Ruback, Erik Stafford and Kathleen Luchs

The owner of Giant Cinema must decide whether to invest in a digital projector, a new technology for screening films, or purchase a traditional projector. The impact of the new technology is uncertain, and the case describes probabilities for different outcomes that... View Details

Keywords: Entrepreneurship; Film Entertainment; Technology Adoption; Financial Strategy; Investment; Outcome or Result; Risk and Uncertainty; Technology; Entertainment and Recreation Industry

2002
Working Paper

Price Pressure Around Mergers

By: Mark Mitchell, Todd Pulvino and Erik Stafford

April 2002
Article

Limited Arbitrage in Equity Markets

By: Mark Mitchell, T. Pulvino and Erik Stafford

January 2002
Teaching Note

Ocean Carries TN

By: Erik Stafford

Teaching Note for (9-202-027). View Details

Keywords: Shipping Industry; New York (city, NY); Hong Kong

December 2001
Supplement

Strategic Capital Management, LLC

By: Erik Stafford

Spreadsheet to (9-201-068). Presents exhibits 1 and 2. Download only. View Details

September 2001
Supplement

Ocean Carriers

By: Erik Stafford

Spreadsheet to (9-201-068). Download only. View Details

September 2001 (Revised April 2002)
Case

Ocean Carriers

By: Erik Stafford, Angela Chao and Kathleen Luchs

In January 2001, Mary Linn, vice president of finance for Ocean Carriers, a shipping company with offices in New York and Hong Kong, was evaluating a proposed lease of a ship for a three-year period, beginning in early 2003. The customer was eager to finalize the... View Details

Keywords: Cash Flow; Forecasting and Prediction; Cost of Capital; Leasing; Corporate Strategy; Valuation; Shipping Industry; New York (city, NY); Hong Kong

Educators