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20 Jan 2015
First Look

First Look: January 20

And by adding more customers, MasterCard potentially could also grow its bottom line. Financial inclusion raised questions for MasterCard. Was the management time and attention well spent given the low... View Details

Keywords: Sean Silverthorne

21 Aug 2006
Research & Ideas

How Europe Wrote the Rules of Global Finance

financial crises of 1997 and 1998. Today, the IMF is very cautious about encouraging countries to liberalize, and indeed generally IMF officials offer developing countries warnings about the serious View Details

Keywords: by Ann Cullen

03 Sep 2009
What Do You Think?

Are Retention Bonuses Worth the Investment?

Summing Up What is the time and place for retention bonuses? Retention bonuses have their time and place but have to be used sparingly, according to many respondents to this month's column. Others were not... View Details

Keywords: by Jim Heskett

April 2011
Case

Hermitage's Russian Quandary (A)

By: Eric Werker, Ray Fisman and Lauren Weber

In June 2007, the offices of Russian hedge fund Hermitage Capital were raided by Moscow police; in the months that followed, Hermitage founder Bill Browder found himself banned from Russia and fending off efforts to expropriate the fund's Russian assets. This case... View Details

Keywords: Crime and Corruption; Private Equity; Investment; Law Enforcement; Laws and Statutes; Crisis Management; Risk Management; Business and Government Relations; Financial Services Industry; Moscow

24 Sep 2018
Blog Post

Working to Keep Pirates At-Bay: My Summer in Cyber Security

Security Insurance. I joined the company as its first MBA intern. It was a truly transformative experience for me and for the company itself! It was exciting to work and develop in such a dynamic... View Details

Keywords: Entrepreneurship

22 May 2007
First Look

First Look: May 22, 2007

Working PapersGlobal Currency Hedging Authors:John Y. Campbell, Karine Serfaty-de Medeiros, and Luis M. Viceira Abstract This paper considers the risk management problem of an investor who holds a... View Details

Keywords: Martha Lagace

January 2013 (Revised April 2017)
Supplement

Maxum Petroleum, Inc.

By: W. Carl Kester

Maxum seeks an oil-price hedging strategy that yields substantial cash during oil price spikes, is affordable under ordinary circumstances, and is easily managed. It is striving to avoid a repeat of the challenging situation encountered in 2008 when spiking oil prices... View Details

Keywords: Hedging; Options; Commodities; Credit Derivatives and Swaps; Risk Management; Futures and Commodity Futures; Financial Strategy; Volatility

18 Jul 2005
Research & Ideas

Time to Rethink the Corporate Tax System?

the true picture of how firms are actually performing. As such, enforcing uniformity could reduce uncertainty over the level of true profits thereby furthering the interests of unsure investors, tax authorities, View Details

Keywords: by Ann Cullen

July 2002
Case

First American Bank: Credit Default Swaps

This case examines a bank's ability to manage its credit exposure to a particular client using credit default swaps. View Details

Keywords: Credit Derivatives and Swaps; Risk and Uncertainty; Banks and Banking; Banking Industry

December 1993 (Revised November 2009)
Case

Manville Corporation Fiber Glass Group (A)

By: Lynn S. Paine and Sarah Gant

Manville Corp.'s senior managers must decide how to respond to a new scientific study suggesting that fiberglass, the source of 75% of the company's profits, may be another asbestos and must act under conditions of great uncertainty. In particular, when should a... View Details

Keywords: Communication Strategy; Decision Choices and Conditions; Ethics; Health Disorders; Risk Management; Marketing Communications; Product; Corporate Social Responsibility and Impact; Safety; Consumer Products Industry; Industrial Products Industry

January 2008
Background Note

Equity Derivatives

By: Joshua Coval and Erik Stafford

The goal of these simulations is to understand the dynamic replication technique behind the Black-Scholes/Merton options model. The simulations focus on a single stock and a risk-free discount bond, which are used to replicate a contingent payoff. The underlying stock... View Details

Keywords: Equity; Bonds; Stocks; Price; Risk Management

October 2008 (Revised September 2011)
Supplement

PepsiCo's Bid for Quaker Oats (D)

By: Carliss Y. Baldwin

Describes the final deal struck between PepsiCo and Quaker Oats, including the terms of collared consideration. Summarizes stock price announcement effects. View Details

Keywords: Mergers and Acquisitions; Announcements; Stocks; Price; Risk Management; Negotiation Deal; Valuation; Food and Beverage Industry

05 Oct 2010
First Look

First Look: October 5, 2010

government should tilt its issuance more towards short maturities. The idea is that the government may have a comparative advantage relative to the private sector in bearing refinancing risk and hence should... View Details

Keywords: Sean Silverthorne

12 Feb 2013
First Look

First Look: Feb. 12

Preannouncements under Market Uncertainty Authors:Ofek, Elie, and Ozge Turut Publication:Marketing Science Abstract A firm may want to preannounce its plans to develop a new product in order to stimulate... View Details

Keywords: Sean Silverthorne

September 1996 (Revised August 1999)
Case

Massachusetts Automobile Insurance 1999

By: Richard F. Meyer

The data and background are provided to enable students to determine what deductible insurance they wish to have in Massachusetts. View Details

Keywords: Decisions; Risk Management; Insurance Industry

Find at Harvard

27 Dec 2010
Research & Ideas

HBS Faculty on 2010’s Biggest Business Developments

continues the importance of apps that can be accessed directly. The existence of the iPad extends and accelerates the trend toward digital content such as e-books and downloadable newspapers View Details

Keywords: by Staff

November 2002 (Revised February 2009)
Teaching Note

Value Retail (TN)

By: Arthur I Segel and Ani M Vartanian

Teaching Note for (9-803-008). View Details

Keywords: Investment; Risk and Uncertainty; Performance Effectiveness; Brands and Branding; Planning; Strategy; Luxury; Milan