Publications

2003
Book

Transparency, Risk Management and International Financial Fragility

By: Mario Draghi, Francesco Giavazzi and Robert C. Merton

Read Now

23 Aug 2011
First Look

Discussion of new model of social enterprise that applies the venture capital model to social enterprise. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/811053-PDF-ENG Redesigning a 401(k) Plan at Haley-Midland Robert View Details

Keywords: Sean Silverthorne

November 1981 (Revised April 1990)
Case

Sanyo Manufacturing Corp.--Forrest City, Arkansas

By: Robert H. Hayes and Kim B. Clark

Keywords: Electronics Industry

1984
Working Paper

Earnings Variability and Variance Bounds Tests for Rationality of Stock Market Prices

By: Robert C. Merton and Terry A. Marsh

July – August 1996
Article

Manage Marketing by the Customer Equity Test

By: Robert C. Blattberg and J. A. Deighton

Keywords: Marketing; Customers

winter 1969
Article

A Complete Model of Warrant Pricing that Maximizes Utility

By: Paul A. Samuelson and Robert C. Merton

Keywords: Price

October 2013
Case

Equity Awards at GulfShore Rigging

By: Robert C. Pozen and Lucas W. Goodman

June 2013 (Revised August 2013)
Background Note

Note on Pension Guarantee Funds

By: Robert C. Pozen and Patricia Bissett Higgins

The United States and the United Kingdom both had quasi-government agencies that provided back-up insurance for individuals participating in defined benefit ("DB") pension plans. This note compares and contrasts the United Kingdom's Pension Protection Fund ("PPF") with... View Details

Keywords: Pensions; Pension Guarantee Funds; Pension Protection Fund; Pension Benefit Guaranty Corporation; Employee Retirement Income Security Act; PBGC; ERISA; MAP-21; Legislation; Insurance; Saving; Retirement; Labor; Labor and Management Relations; Employees; Insurance Industry; United States; United Kingdom

April 2012
Teaching Note

Man Group (TN) (A) and (B)

By: Robert C. Pozen and Thomas M. Clay

June 2011 (Revised September 2011)
Case

Tough Choices for the Illinois Pension System

By: Robert C. Pozen and Brij S. Khurana

This case describes the precarious fiscal situation of the Illinois public pension system in the spring of 2009 and the accounting of pension plans by non-federal municipalities more generally. In February 2009, in the midst of a recession, recently-appointed Governor... View Details

Keywords: Budgets and Budgeting; Financial Crisis; Financial Liquidity; Annuities; Financial Management; Financing and Loans; Taxation; Strategic Planning; Problems and Challenges; Illinois

April 2011
Teaching Note

Reinsurance NegotiationTN

By: Robert C. Pozen and Henoch Ephraim Senbetta

Teaching Note for 311111, 311112, and 311113. View Details

Keywords: Financial Services Industry

March 1974
Article

Generalized Mean-Variance Tradeoffs for Best Perturbation Corrections to Approximate Portfolio Decisions

By: Paul A. Samuelson and Robert C. Merton

Keywords: Investment; Finance

May 1974
Article

Fallacy of the Log-Normal Approximation to Optimal Portfolio Decision Making over Many Periods

By: Robert C. Merton and Paul A. Samuelson

Keywords: Investment; Decision Making

Read Now

July 2010 (Revised June 2012)
Background Note

Note: Regulation of Hedge Fund Managers in the U.K. Before and After the Global Financial Crisis

By: Robert C. Pozen and Melissa Anne Hammerle

This note will examine the regulatory framework for hedge funds in the United Kingdom (UK) before and after the financial crisis of 2008. First, it will discuss European Union (EU)-level regulation that applies to the UK as an EU member state. Second, it will discuss... View Details

Keywords: Financial Crisis; Investment Funds; Governing Rules, Regulations, and Reforms; Laws and Statutes; Business and Government Relations; Financial Services Industry; European Union; United Kingdom

May 2010 (Revised January 2012)
Case

Lincoln Financial Meets the Financial Crisis

By: Robert C. Pozen and Peter Goodspeed Spring

In March of 2009, Lincoln Financial Group's CEO Dennis Glass was facing a difficult decision as to how he would replenish his company's capital, which could quickly fall to dangerously low levels as a result of the financial crisis. Though the cost of raising capital... View Details

Keywords: Cost vs Benefits; Financial Crisis; Capital; Private Equity; Crisis Management; Business and Government Relations; Business and Stakeholder Relations; Insurance Industry