Publications

July 1975
Article

An Asymptotic Theory of Growth Under Uncertainty

By: Robert C. Merton

Keywords: Theory; Growth and Development; Risk and Uncertainty

7 Mar 2013
Keynote Speech

Positive Risk and the Innovation Commons

By: Carliss Y. Baldwin

Keywords: Innovation ＆ Entrepreneurship; Entrepreneurship; Innovation and Invention

Fast Answer

Confronting Climate Change: Risks and Opportunities

risks and strategies for addressing climate change. American City Business Journals - Find articles from local business journals. OECD iLibrary - Find books, papers, reports, View Details

2024
Working Paper

Finance Without Exotic Risk

By: Pedro Bordalo, Nicola Gennaioli, Rafael La Porta and Andrei Shleifer

We address the joint hypothesis problem in cross-sectional asset pricing by using measured analyst expectations of earnings growth. We construct a firm-level measure of Expectations Based Returns (EBRs) that uses analyst forecast errors and revisions and shuts down any... View Details

Keywords: Investment Return; Financial Markets; Behavioral Finance; Risk and Uncertainty

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04 Mar 2020

Incorporating Climate Risk into Financial Models: Bob Litterman on Transition Risk

17 Dec 2001
Research & Ideas

Risks and Rewards of the Intrapreneur

Your company is forming an intrapreneurial venture, and has asked you to join the start-up team. Is this a career pick-me-up, or occupational suicide? It could be either one, and employees should carefully... View Details

Keywords: by Sean Silverthorne

December 16, 2009
Guest Column

Risks and Rewards of Celebrity Endorsements

By: Anita Elberse

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April 2001 (Revised August 2001)
Case

Risk Management at Apache

After initiating a hedging strategy, Apache Corp. is interested in revisiting its decision to determine if hedging is value-adding. This case investigates how the company initially decided to hedge against commodity price risk and how it implemented its hedging... View Details

Keywords: Risk Management; Investment; Corporate Finance

Educators

fall 2002
Article

Distortion and Risk in Optimal Incentive Contracts

By: George P. Baker

Keywords: Risk and Uncertainty; Motivation and Incentives; Contracts

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13 Nov 2019
Working Paper Summaries

Shareholder Activism and Firms’ Voluntary Disclosure of Climate Change Risks

Keywords: by Caroline Flammer, Michael W. Toffel, and Kala Viswanathan

June 2016
Article

Local Currency Sovereign Risk

By: Wenxin Du and Jesse Schreger

We introduce a new measure of emerging market sovereign credit risk: the local currency credit spread, defined as the spread of local currency bonds over the synthetic local currency risk-free rate constructed using cross-currency swaps. We find that local currency... View Details

Keywords: Risk and Uncertainty; Sovereign Finance; Currency; Emerging Markets

02 Apr 2020
Video

Incorporating Climate Risk into Financial Models: Bob Litterman on Transition Risk

Research Summary

Contract Rights and Risk Aversion: Foreign Banks and the Mexican Economy, 1997-2004

In 1997 Mexicos banking laws were reformed, allowing foreign banks, for the first time since the nineteenth century, to purchase controlling interests in the countrys largest banks. Foreign banks controlled 16 percent of Mexican bank assets in March 1997. By June... View Details

1998
Book

Islamic Law and Finance: Religion, Risk and Return

By: Frank Vogel and Samuel Hayes

01 Apr 2001
News

Jimmy Lai Chee-ying: Rags, Riches, and Risk

“In the media business, it’s important to make sure your content is fresh,” says Jimmy Lai Chee-ying, chairman of Next Media, Ltd. The Hong Kong entrepreneur is doing just that, as he keeps taking risks and... View Details

Keywords: Alejandro Reyes; Clothing and Clothing Accessories Stores; Clothing and Clothing Accessories Stores

20 Mar 2018
Working Paper Summaries

Countering Political Risk in Colonial India: German Multinationals and the Challenge of Internment (1914–1947)

Keywords: by Christina Lubinski, Valeria Giacomin, and Klara Schnitzer

2013
Case

Travelers Insurance: Focusing on Climate Change and Natural Catastrophe Risk

By: Andrew J. Hoffman

The dilemma Evan Blue faces stems from a report by sustainability advocacy group Ceres that calls on companies to take climate change into consideration in their risk models and develop response strategies. The fictional vice president of Traveler's Insurance is tasked... View Details

Keywords: Climate Change; Business Strategy; Risk and Uncertainty; Insurance Industry

2007
Book

Perspectives on Risk and Regulation: The FDA at 100

By: Arthur A. Daemmrich and Joanna Radin

Perspectives on Risk and Regulation: The FDA at 100 brings together the viewpoints of Food and Drug Administration officials and industry leaders on the future of regulating food, drugs, medical devices, and dietary supplements. In a period of rapid scientific... View Details

Keywords: Private Sector; Governing Rules, Regulations, and Reforms; Policy; Health Care and Treatment; Business and Government Relations; Risk and Uncertainty; Cooperation

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September 1997
Background Note

Note on Political Risk Analysis

By: Debora L. Spar

Describes the emergence and subsequent decline of the political risk analysis industry. Discusses what political risk means for multinational firms and various ways in which firms have tried to analyze and grapple with these risks. View Details

Keywords: Risk Management; Foreign Direct Investment; Government and Politics

Educators