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Show Results For
- All HBS Web
(513)
- News (82)
- Research (382)
- Events (1)
- Multimedia (3)
- Faculty Publications (229)
- Fast Answer
Options: Historical Prices
How do I find historical option prices? Options Metrics via WRDS provides historical price and implied volatility data for the U.S. equity and index options markets, on an option by option basis. Once you have selected the database in... View Details
- 01 Aug 2016
- Blog Post
Reflecting on the Value of an MBA
underlying stock will go up in the future. But you're never really sure -- because the stock price could just as easily go down. The higher the volatility of the stock, the higher the risk of extreme upside -- and extreme downside. My... View Details
- April 1995
- Case
Phelps Dodge Corporation
By: W. Carl Kester and Kendall Backstrand
A prolonged decline in copper prices prompts Phelps Dodge, one of the world's largest independent copper companies, to consider corporate diversification as a means of protecting itself from copper price volatility. View Details
Keywords: Diversification; Price; Volatility; Risk Management; Mining Industry; Arizona; United States
Kester, W. Carl, and Kendall Backstrand. "Phelps Dodge Corporation." Harvard Business School Case 295-132, April 1995.
- 01 Dec 2012
- News
Shareholders' Value?
short-term investors: A market of buy-and-hold investors wouldn't be very useful. However, a market composed of mostly short-termers presents its own problems, and today they have too much impact on the market. The more influence short-term traders have on market... View Details
- 01 Sep 2014
- News
Ask the Expert: Byte-Testing Bitcoin
extreme volatility as Bitcoin, and does volatility impede transactional utility? In other words, can Bitcoin really function as a “currency”? — Jay Precourt (MBA 1962) Bitcoin has been volatile, though it... View Details
- January 2016 (Revised April 2017)
- Case
The Galaxy Dividend Income Growth Fund's Option Investment Strategies
By: W. Carl Kester
This case is designed to provide an elementary introduction to options and option pricing for beginning finance students. Analysis of the case requires students to compare the prices of put and call options with various exercise prices and maturity dates on two... View Details
Keywords: Options; Option Contract; Option Pricing; Derivatives; Mutual Funds; Call Options; Put Options; Stock Options; Risk and Uncertainty; Volatility; Financial Services Industry; United States
Kester, W. Carl. "The Galaxy Dividend Income Growth Fund's Option Investment Strategies." Harvard Business School Case 216-041, January 2016. (Revised April 2017.)
Ray W. Herrick
Herrick left Ford Motor Company in 1930 to start a small automobile parts manufacturing operation. Four years later, fearing a dependency on the volatile auto industry, he turned his attention to the new field of refrigeration. Over the... View Details
Keywords: Fabricated Goods
- November 2016 (Revised November 2016)
- Supplement
The Galaxy Dividend Income Growth Fund's Option Investment Strategies
By: W. Carl Kester
- 2012
- Book
Harder Than I Thought: Adventures of a Twenty-First Century Leader
By: Robert D. Austin, Richard L. Nolan and Shannon O'Donnell
Being a great leader today is much harder than you think—meet Jim Barton. He's a newly minted CEO, rising leader of a firm in transition, and manager of massive complexity—thanks to our incredibly networked and increasingly unpredictable world of business. What if you... View Details
Austin, Robert D., Richard L. Nolan, and Shannon O'Donnell. Harder Than I Thought: Adventures of a Twenty-First Century Leader. Harvard Business Review Press, 2012.
- 2017
- Working Paper
The Importance of Unemployment Insurance as an Automatic Stabilizer
By: Marco Di Maggio and Amir Kermani
We assess the extent to which unemployment insurance (UI) serves as an automatic stabilizer to mitigate the economy's sensitivity to shocks. Using a local labor market design based on heterogeneity in local benefit generosity (defined as the percentage of household... View Details
Keywords: Unemployment Insurance; Automatic Stabilizers; Bartik Shocks; Aggregate Demand; System Shocks; Employment; Balance and Stability; Insurance; Volatility; Insurance Industry
Di Maggio, Marco, and Amir Kermani. "The Importance of Unemployment Insurance as an Automatic Stabilizer." Harvard Business School Working Paper, No. 17-009, July 2016. (Revise and Resubmit to American Economic Journal: Macroeconomics.)
- August 2014
- Article
Mortgage Convexity
By: Samuel G. Hanson
Most home mortgages in the United States are fixed-rate loans with an embedded prepayment option. When long-term rates decline, the effective duration of mortgage-backed securities (MBS) falls due to heightened refinancing expectations. I show that these changes in MBS... View Details
Hanson, Samuel G. "Mortgage Convexity." Journal of Financial Economics 113, no. 2 (August 2014): 270–299. (Internet Appendix Here.)
- 01 Jun 2022
- News
Research Brief: Weatherproofing Renewables
energy, and already 70 to 80 percent of its power comes from hydroelectric dams. But the volatility also means moments of scarcity, when renewable energy can’t be relied upon to keep the lights on. These fluctuations in the weather... View Details
- 23 Jan 2018
- First Look
First Look at New Research and Ideas, January 23, 2018
Review of Financial Studies Structural GARCH: The Volatility-Leverage Connection By: Engle, Robert F., and Emil N. Siriwardane Abstract—During the financial crisis, financial firm leverage and volatility both rose dramatically.... View Details
Keywords: Sean Silverthorne
- 01 Mar 2023
- News
3-Minute Briefing: Qiao Ma (MBA 2010)
life): “Observation, not prediction.” As a predictor, you have a view and look for evidence to support it. As an observer, I try to forget what I believed yesterday and look at today’s events with a fresh set of eyes. The Asian markets are certainly View Details
- 01 Oct 2001
- News
Fourth Annual African-American Alumni Association Conference
"Navigating Success in Volatile Times" will be the theme of this year's HBS African-American Alumni Association (HBSAAA) conference. The fourth annual event, to be held October 5–7 at the Plaza Hotel in New York City, will provide... View Details
- 23 Aug 2004
- Research & Ideas
New Challenges for Long-Term Investors
short-term price volatility of U.S. Treasury bonds has been about 5.5 percent per year in real terms—that is, after correcting for inflation. This volatility is certainly small when we compare it to the... View Details
Keywords: by Ann Cullen
- February 1999
- Case
Tele-Communications, Inc. (A): Cascading Miracles
John Malone, CEO of Tele-Communications, Inc. (TCI), the largest U.S. cable television company, is in the midst of a strategic and operational turnaround. TCI has been losing market share to direct-to-home satellite broadcasters, and Malone is considering a bold new... View Details
Keywords: Technological Innovation; Operations; Television Entertainment; Business Strategy; Volatility; Telecommunications Industry; United States
Eisenmann, Thomas R. "Tele-Communications, Inc. (A): Cascading Miracles." Harvard Business School Case 899-215, February 1999.
- July 2001 (Revised March 2002)
- Case
Progressive Insurance: Disclosure Strategy
By: Amy P. Hutton and James Weber
Progressive Insurance had refused to play Wall Street's earning game. Progressive didn't manage reported earnings nor did management give guidance to analysts. Management then considered taking their unique disclosure strategy one step further to become the first to... View Details
Keywords: Earnings Management; Stocks; Corporate Disclosure; Insurance; Volatility; Insurance Industry; United States
Hutton, Amy P., and James Weber. "Progressive Insurance: Disclosure Strategy." Harvard Business School Case 102-012, July 2001. (Revised March 2002.)
- 2022
- Working Paper
What Triggers National Stock Market Jumps?
By: Scott R. Baker, Nicholas Bloom, Steven J. Davis and Marco Sammon
We examine newspapers the day after major stock-market jumps to evaluate the proximate cause, geographic source, and clarity of these events from 1900 in the US, 1930 in the UK and 1980 in 12 other countries. We find four main results. First, the United States plays an... View Details
Keywords: Uncertainty; Policy Uncertainty; Stock Market; Financial Markets; Volatility; Risk and Uncertainty; Policy; Newspapers
Baker, Scott R., Nicholas Bloom, Steven J. Davis, and Marco Sammon. "What Triggers National Stock Market Jumps?" Working Paper, February 2022.
- 01 Jun 2002
- News
History Matters
marketing strategist in the wake of a softening economy, shrinking advertising budgets, and eroding consumer confidence, in addition to the aftershocks of September 11. “In this volatile environment, marketers and CEOs realize with new... View Details