Publications

Publications

Filter Results: (41) Arrow Down

Show Results For

← Page 2 of 41 Results →

    Robert C. Merton

    Robert C. Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management.

    Merton is University Professor Emeritus at Harvard University and was the George Fisher Baker Professor of... View Details

    Keywords: banking; brokerage; financial services; insurance industry; investment banking industry; retail financial services
    • January 2008 (Revised January 2009)
    • Case

    The Armstrong Investigation

    By: David Moss and Eugene Kintgen
    In the early 20th century, public outrage at certain life insurance practices led to an investigation in New York State that threatened to curtail growth in the industry. Charles Evans Hughes guided the four-month-long Armstrong Investigation, which made startling... View Details
    Keywords: Crime and Corruption; Annuities; Insurance; Governing Rules, Regulations, and Reforms; Insurance Industry; New York (state, US)
    Related
    • 17 Oct 2014
    • Research & Ideas

    New Treasury Rules Help Long-Retirement Planning

    The United States Treasury recently amended its rules to encourage workers with retirement plans to purchase life annuities within these plans. Life annuities generally make fixed monthly payments from the... View Details
    Keywords: by Robert Pozen; Financial Services
    • 18 Jun 2014
    • News

    Robert (MBA 1964) and Lynn Burt

    Robert (MBA 1964) and Lynn Burt In honor of his 50th Reunion, Robert Burt established a charitable gift annuity that will provide his wife, Lynn, with an income stream from Harvard during her lifetime and then fund a permanently endowed... View Details
    • 09 Nov 2015
    • News

    Chuck (MBA 1970) and Sue Fienning

    annuity that will ultimately benefit the HBS Fund for Leadership and Innovation. “I think HBS is like a violin. What comes out all depends on how you play it. You have to get involved and participate,” says Fienning. (November 2015) Learn... View Details
    • 24 Jun 2014
    • News

    Gary (MBA 1963) and Terie Roubos

    priorities. Working with the Gift Planning office, the Rouboses established a charitable gift annuity with their donation of appreciated stock. This unique way of giving benefits Terie for life, assists them with their tax planning, and... View Details
    • 01 Sep 2011
    • News

    Donor Spotlight

    years later.” Wilson “Roly” Nolen (MBA ’51) As Cochair of his class’s 60th Reunion gift campaign, Nolen took leadership to heart by establishing a $1 million gift annuity to ultimately benefit HBS. Nolen, who served as chair of HBS’s... View Details
    Keywords: Colleges, Universities, and Professional Schools; Educational Services
    • 17 Feb 2014
    • Research & Ideas

    Companies Detangle from Legacy Pensions

    Prudential, which then promised to make good on the benefit payouts in the form of guaranteed annuities. The deal made sense—after all, who better than insurance companies to estimate life expectancy and long-term risk. And by pooling the GM View Details
    Keywords: by Michael Blanding; Aerospace; Financial Services
    • 16 Mar 2018
    • News

    Douglas Spreng (MBA 1967)

    and business through decades of change.” As his 50th reunion approached, Spreng considered what legacy he wanted to leave at HBS. In addition to including the School in his will, he established a charitable gift annuity (CGA). “I love the... View Details
    • 23 Aug 2004
    • Research & Ideas

    New Challenges for Long-Term Investors

    of time, the safe strategy is to invest in long-term coupon bonds (or annuities), not cash. There is catch with this, though. Standard annuities and Treasury bonds pay fixed coupons, and inflation can seriously erode the purchasing power... View Details
    Keywords: by Ann Cullen
    • 23 Mar 2010
    • First Look

    First Look: March 23

    barriers to commercialization? What made Du Pont so confident that it could succeed at this uncertain time? Purchase this case:http://cb.hbsp.harvard.edu/cb/product/810084-PDF-ENG New York Life and Immediate Annuities Julio J. Rotemberg... View Details
    Keywords: Martha Lagace
    • 05 Oct 2010
    • First Look

    First Look: October 5, 2010

    company are faced with developing and implementing a plan to increase revenue in a travel service business. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/811020-PDF-ENG Malcolm Life Enhances Its Variable Annuities Robert C.... View Details
    Keywords: Sean Silverthorne
    • 10 Jan 2005
    • What Do You Think?

    Public Pension Reform: Does Mexico Have the Answer?

    is the wrong discussion ...Instead of creating the equivalent of mini-401(k) accounts, the focus on social security reform should be on the income side. By utilizing an institutionally-provided defined benefit approach that better integrates investment and View Details
    Keywords: by James Heskett; Financial Services
    • November 2011
    • Article

    Ownership Structure and Financial Constraints: Evidence from a Structural Estimation

    By: Chen Lin, Yue Ma and Yuhai Xuan
    This article examines the impact of the divergence between corporate insiders' control rights and cash-flow rights on firms' external finance constraints via generalized method of moments estimation of an investment Euler equation.  Using a large sample of U.S.... View Details
    Keywords: Ownership; Social Enterprise; Reputation; Cash Flow; Annuities; Investment; Investment Funds; Financial Reporting; Accounting Audits; Financial Services Industry; United States
    Related
    • October 2001
    • Exercise

    Liability Problems

    By: Robert S. Kaplan
    This case provides three examples of the recognition and measurement of liabilities. The first focuses on recognizing when employees have rendered services for which future period benefits have been earned, that is, whether unused vacation, sick, and personal days at... View Details
    Keywords: Cash; Annuities; Interest Rates; Compensation and Benefits; Employees; Wages; Problems and Challenges; Value
    Related
    • 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
    Related
    • 10 Aug 2010
    • First Look

    First Look: August 10

    company's brand among its stakeholders. Glass needed to weigh the pros and cons of private capital versus federal assistance or somehow combine the two. This case reviews the impact of the financial crisis on the life insurance and View Details
    Keywords: Martha Lagace
    • November 2016 (Revised March 2018)
    • Case

    Deutsche Bank: Structured Retail Products

    By: Boris Vallée and Jérôme Lenhardt
    Describes how Deutsche Bank, a leading European bank, is deciding whether or not to launch a new structured retail product in Germany: an autocallable note. Will this product find a market and how does it fit into the bank’s product portfolio? The case investigates how... View Details
    Keywords: Structured Products; Structured Retail Products; Germany; Auto Callable Note; Financial Product; Financial Product Development; Financial Product Marketing; Financial Product Launch; Financial Product Positioning; Finance; Assets; Asset Pricing; Asset Management; Capital Markets; Financial Institutions; Banks and Banking; Commercial Banking; Financial Instruments; Annuities; Bonds; Stocks; Financial Management; Financial Markets; Financial Strategy; Interest Rates; Investment
    Related
    • 02 Mar 2015
    • Research & Ideas

    Retail Reaches a Tipping Point—Which Stores Will Survive?

    generator for the shareholders. Basically you are managing to create an attractive annuity for shareholders. Lal: It's not just about eliminating the stores, but managing the business to maximize cash-flow. If done intelligently this can... View Details
    Keywords: by Sean Silverthorne; Retail
    • 28 Apr 2009
    • First Look

    First Look: April 28, 2009

    Bazerman, 2009), and, as a result, it should be carefully prescribed and closely monitored. Download the paper: http://www.hbs.edu/research/pdf/09-122.pdf Can a Continuously-Liquidating Tontine (or Mutual Inheritance Fund) Succeed Where Immediate View Details
    Keywords: Martha Lagace