Derivatives - Publications - Faculty & Research

01 Mar 2025
News

On The Case: The Base Factor

learnings in Madrigal are not dependent on context. “It doesn’t matter if it’s a retail business or a SaaS B2B business or an app or industrial product—you name it,” she says. This case’s aim is to equip students with the skills to look at a set of summary tables and... View Details

Keywords: Jen McFarland Flint

February 2010
Teaching Note

Saginaw Parts Co. and the General Motors Corp. Credit Default Swap (TN)

By: William E. Fruhan

Teaching Note for [210056]. View Details

Keywords: Credit Derivatives and Swaps; Insolvency and Bankruptcy; Law; Cost of Capital; United States

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May 2005 (Revised December 2005)
Case

Nexgen: Structuring Collateralized Debt Obligations (CDOs)

A client asks Luc Giraud, CEO of the structured finance solutions provider Nexgen Financial Solutions, to put together a solution that allows the client to add AAA-rated bonds to its portfolio. The client cannot find suitably priced top-rated bonds in the market and... View Details

Keywords: Credit Derivatives and Swaps; Risk and Uncertainty; Debt Securities; Bonds; Financial Services Industry

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07 Jul 2020
Blog Post

The JD/MBA Seminar: The Perfect Practice Ground

also found it to be one that stimulates deep reflection. On one end, the seminar is a rigorous academic capstone, pushing us to think deeply about and integrate what we have learned across our HBS and HLS educations. When people present, they use analytical frameworks... View Details

01 Oct 1997
News

Short Takes

businesses. Such companies gain advantage because regulators tend to look to the most technologically advanced operations when setting industry standards. On the whole, larger and more prominent firms are most likely to need, want, and be able to View Details

10 Jan 2005
Research & Ideas

How to Put Meaning Back into Leading

ongoing sources of geographic and social mobility. Because individuals derived most of their meaning from institutions grounded in enduring social relations—institutions like family, community, and religion—the leading social thinkers of... View Details

Keywords: by Martha Lagace

23 Aug 2004
Research & Ideas

New Challenges for Long-Term Investors

3:1). The recommendations of traditional asset allocation models derive mostly from the fact that these models usually adopt a short-term view of risk and return. This view is rather innocuous when annualized risk does not change across... View Details

Keywords: by Ann Cullen

December 2001
Case

Natural Pork Production

By: Ray A. Goldberg and James M Beagle

An entrepreneurial hog farmer's creative use of contracts and capital structure drives very successful growth and returns in a depressed commodity industry. View Details

Keywords: Entrepreneurship; Capital Structure; Futures and Commodity Futures; Credit Derivatives and Swaps; Goods and Commodities; Knowledge Use and Leverage; Contracts; Success; Consumer Products Industry

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Educators

21 Apr 2003
Research & Ideas

Will American Brands Be a Casualty of War?

to recruit the best distributors, and to capture market share from weaker, local competitors. Selling the American dream has paid off handsomely. Eight of the ten most valuable brands in the world, according to the Interbrand consultancy, are American, and each View Details

Keywords: by Sean Silverthorne

01 Dec 2008
News

A U.S. Turnaround?

objective was met. Our space research gave rise to Silicon Valley, and U.S. industrial strength was enhanced by technology innovation derived from products created for our satellite program. By 1980, however, Europe, helped by the... View Details

Keywords: Byron Wien; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment; Computer and Electronic Product Manufacturing; Manufacturing; Transportation Equipment Manufacturing; Manufacturing; Electric Power Generation, Transmission, Distribution; Utilities

21 Jul 2015
Blog Post

3 Things Women Need to Know About Business School

career building activities. For me personally, the biggest benefits I’ve derived from the WSA have been social; I’ve loved meeting highly intelligent, fun, friendly women who share similar career ambitions. As a member of the WSA board, I... View Details

01 Feb 1999
News

Short Takes

catalyst for new ideas. "The creativity necessary [for] innovation derives not only from the obvious, visible expertise but from invisible reservoirs of experience," they write. Such reservoirs, they note, are particularly helpful in... View Details

Keywords: Judith A. Ross

June 2024
Article

Counterparty Risk and Counterparty Choice in the Credit Default Swap Market

By: Wenxin Du, Salil Gadgil, Michael Gordy and Clara Vega

We investigate how market participants price and manage counterparty credit risk using confidential trade repository data on single-name credit default swap (CDS) transactions. We find that counterparty risk has a modest impact on the pricing of CDS contracts but a... View Details

Keywords: Credit Derivatives and Swaps; Market Participation; Risk and Uncertainty; Price; Financial Markets; Credit

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01 Jun 2016
News

How Do I Get Your Job?

a better water bottle I could use that product as a way to tell people about the billion people in the world who didn’t have access to that water. So it took a long time, and then it was actually quite sudden. OW: What do you want your customers to View Details

Keywords: April White

07 Feb 2005
Research & Ideas

How “Career Imprinting” Shapes Leaders

connections, confidence, and cognition due to their work experiences at a particular employer. Career imprints are associated with particular organizations; they derive from patterns in the career experiences that people share as a result... View Details

Keywords: by Mallory Stark

09 Apr 2020
Research & Ideas

How Social Entrepreneurs Can Increase Their Investment Impact

Both impact investing and traditional philanthropy are on the rise after the decade-long economic boom following the Great Recession. But when does an impact investment make a bigger difference than a grant? The question is far more complicated than simply evaluating... View Details

Keywords: by Rachel Layne

22 Apr 2002
Research & Ideas

Profits and Prophets: The Role of Values in Investment

restrictions over what they invest in, staying clear of alcohol and gambling companies, for example, and businesses that derive a significant portion of their income from interest. With such a constrained investment environment,... View Details

Keywords: by Sean Silverthorne

25 Apr 2005
Research & Ideas

New Learning at American Home Products

income of American Home Products derived from healthcare and the remainder primarily from food and household products.28 By 1991, 89 percent of sales and 92 percent of profits came from its broad portfolio of healthcare products,... View Details

Keywords: by Alfred D. Chandler Jr.; Chemical; Health; Manufacturing; Pharmaceutical

October 1994
Case

Bankers Trust: Global Investment Bank

By: Andre F. Perold and Kuljot Singh

In October 1992, Eugene Shanks, president of Bankers Trust New York Corp., and Brian Walsh, head of the Global Investment Bank (GIB) business unit, are considering a proposal for a large and complex financing involving the North Sea Oil Co. (NSOC). The financing... View Details

Keywords: Risk and Uncertainty; Credit Derivatives and Swaps; Risk Management; Value Creation; Business History; Capital Markets; Financing and Loans; Financial Markets; Corporate Finance; Banking Industry; Energy Industry

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November 2003 (Revised March 2006)
Case

Dow Chemical's Bid for the Privatization of PBB in Argentina

By: Mihir A. Desai and Alexandra de Royere

What price should Dow Chemical bid for PBB, a petrochemical complex that is being privatized by the Argentine government? To answer this question, students are forced to consider the role of country risk, the underlying currency exposure of the business, and how to... View Details