Publications

March 2009 (Revised May 2011)
Case

Risk Management at Wellfleet Bank: Deciding about "Megadeals"

By: Anette Mikes

Inspired by one of the few banks that successfully weathered the 2007-2009 credit crisis, the case illustrates risk management in a corporate finance business. Chief executive Alastair Dowes has to decide if the risk governance process is adequate to uncover mega-risks... View Details

Keywords: Risk Management; Decision Making; Performance Evaluation; Credit; Balance and Stability; Integrated Corporate Reporting; Decision Choices and Conditions; Negotiation Offer; Performance Effectiveness; Corporate Finance; Banking Industry

Educators

May – June 2010
Article

Changes of Heart: The Switch-Value Method for Assessing Value Uncertainty

By: Leslie K. John and Baruch Fischhoff

Keywords: Value; Risk and Uncertainty

13 Nov 2006
Working Paper Summaries

A New Framework for Analyzing and Managing Macrofinancial Risks of An Economy

Keywords: by Dale F. Gray, Robert C. Merton & Zvi Bodie

October 1998
Case

Farallon Capital Management: Risk Arbitrage (B)

By: Andre F. Perold and Robert Howard

Farallon Capital Management, an investment firm that specializes in risk arbitrage, has taken significant long and short positions in MCI Communications and British Telecommunications, respectively, in the belief that the proposed merger of these firms will be... View Details

Keywords: Mergers and Acquisitions; Capital Markets; Investment; Risk Management; Strategy; Financial Services Industry

Educators

24 Mar 2008
Research & Ideas

Reducing Risk with Online Advertising

How can online advertising fraud be detected and prevented? What should we look at, where should we look, and what methods and tools should we use? These questions are relevant... View Details

Keywords: by Martha Lagace; Video Game; Web Services

July 1998
Article

International Overborrowing: A Decomposition of Credit and Currency Risks

By: Ronald I. McKinnon and Huw Pill

June 2018 (Revised November 2020)
Course Overview Note

Investing in the 21st Century: Return, Risk and Impact

By: Shawn Cole, Vikram S. Gandhi and Caitlin Reimers Brumme

20 Sep 2012
Research & Ideas

US Competitiveness at Risk

Editor's note: When did America's declining global competitiveness begin? One starting spot might be 2008, the last year the country topped the World Economic Forum's list of most globally competitive nations. Four years later, the US has fallen to No. 7—The... View Details

Keywords: Re: Michael E. Porter & Jan W. Rivkin

July – August 2008
Article

Reduce the Risk of Failed Financial Judgments

By: Robert G. Eccles Jr. and Edward J. Riedl

When crucial financial estimates rely on judgment, companies can minimize their risk by turning to appraisers, actuaries, and evaluators, whether internal, external, or a combination. View Details

Keywords: Financial Statements; Judgments; Financial Management; Risk Management

June 2019
Supplement

Elon Musk: Balancing Purpose and Risk; Risk Tolerance Exercise

By: Shikhar Ghosh

April 2024 (Revised August 2024)
Case

The Israeli Innovation Authority: Decision-making in a Time of Uncertainty

By: Shai Bernstein, Sabrina Howell and Josh Lerner

Educators

January 2008
Article

Prudence in Bargaining: The Effect of Uncertainty on Bargaining Outcomes

By: Lucy White

Keywords: Negotiation; Risk and Uncertainty; Outcome or Result

June 2025
Article

Unregulated Emotional Risks of AI Wellness Apps

By: Julian De Freitas and Glenn Cohen

We propose that AI-driven wellness apps powered by large language models can foster extreme emotional attachments and dependencies akin to human relationships—posing risks like ambiguous loss and dysfunctional dependence—that challenge current regulatory frameworks and... View Details

Keywords: AI and Machine Learning; Well-being; Emotions; Governing Rules, Regulations, and Reforms

June 2007
Article

Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers

By: K. A. Froot

Keywords: Risk Management; Capital Budgeting; Cost of Capital; Policy; Insurance; Asset Pricing; Insurance Industry

2023
White Paper

Managing Workforce Risk in an Era of Unpredictability and Disruption

By: Joseph B. Fuller, Michael Griffiths, Reem Janho, Michael Stephan, Carey Oven, Keri Calagna, George Fackler, Robin Jones, Sue Cantrell and Zac Shaw

Keywords: Employees; Human Capital; Risk and Uncertainty; Talent and Talent Management

1998
Working Paper

Diversification and Risk Taking in the U.S. Cable Television Industry

By: Thomas R. Eisenmann

Keywords: Risk Management; Diversification; Television Entertainment; Media and Broadcasting Industry; United States

March 2008
Teaching Note

2006 Hurricane Risk (TN)

By: André Perold and Erik Stafford

Teaching Note for [207075]. View Details

Keywords: Decision Choices and Conditions; Loss; Investment; Insurance; Natural Disasters; California

Article

When Every Employee Is a Risk Manager

By: Kurt Meyer, Anette Mikes and Robert S. Kaplan

Risk management needs to be part of the daily lives of all employees up, down, and across an organization. Here’s how the Swiss electricity network achieves that. View Details

Keywords: Employees; Risk Management

2023
Working Paper

Who Invests in Crypto? Wealth, Financial Constraints, and Risk Attitudes

By: Darren Aiello, Scott R. Baker, Tetyana Balyuk, Marco Di Maggio, Mark J. Johnson and Jason Kotter

We provide a first look into the drivers of household cryptocurrency investing. Analyzing consumer transaction data for millions of U.S. households, we find that, except for high income early adopters, cryptocurrency investors resemble the general population. These... View Details

Keywords: Consumer Finance; Cryptocurrency; Fintech; Inflation; Portfolio Choice; Stimulus; Consumer Behavior; Risk and Uncertainty; Investment

SSRN