Publications

December 2007
Article

Applying Modern Risk Management to Equity and Credit Analysis

By: Robert C. Merton

Traditional conventions of accounting and actuarial science distort the valuation of capital risk in corporations with pension plans because under these conventions, pension assets and liabilities are not included in balance sheet calculations. The modern risk... View Details

Keywords: Risk Management; Valuation; Financial Reporting; Decision Making; Credit; Financial Statements; Capital; Equity; Compensation and Benefits

Web

Leading Race Work in Business Schools - Race, Gender & Equity

a focus on leadership, identity, and organizational culture change. Tony Mayo Tony Mayo is the Thomas S. Murphy Senior Lecturer of Business Administration and C. Roland Christensen Distinguished Management Educator in the Organizational... View Details

01 Dec 2005
News

Faculty Books

institutional environments alter financing decision-making around the world. Environmental Protection and the Social Responsibility of Firms: Perspectives from Law, Economics, and Business edited by Bruce L. Hay, Robert N. Stavins, and... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Publishing Industries (except Internet); Information

09 Feb 2017
News

Turning Disorder into Opportunity

Fieldhouse to develop a workable concept for a launch of the program. Fieldhouse connected with Specialisterne to help build Dandelion, and formed an external pro bono advisory board that included fellow HBS alumnus Kerry Clarke (AMP 167,... View Details

Keywords: Jennifer Myers

August 2019
Case

Immigration Policy in Germany (B)

By: Matthew C. Weinzierl and Robert Scherf

August 19, 2012
Article

A Realistic Discount Rate for Pensions

By: Robert C. Pozen and Theresa Hamacher

November – December 2011
Article

Most Likely to Succeed: Leadership in the Industry

By: Robert C. Pozen and Theresa Hamacher

What is the critical factor for success in the U.S. mutual fund industry? Is it top-ranked investment performance, innovative products, or pervasive distribution? In our view, it is none of these factors, despite their obvious importance. Instead, the best predictors... View Details

Keywords: Leadership; Success; Investment Funds; Rank and Position; Performance; Investment; Innovation and Invention; Product; Distribution; Forecasting and Prediction; Asset Management; Governance Controls; United States

July 6, 2011
Article

Fine Time to Wade Into Money Market Funds

By: Robert C. Pozen and Theresa Hamacher

Keywords: Money; Markets

April 2012
Case

Credit Rating Agency Reform in the US and EU

By: Robert C. Pozen and Brian Conroy

The purpose of this note is to explore reform options for the credit rating industry. The note examines the ways in which credit rating agencies contributed to the recent financial crisis, particularly through ratings of securitized products and sovereign debt. It... View Details

Keywords: Debt Securities; Financial Condition; Standards; Financial Crisis; Corporate Finance; Financial Services Industry; United States; European Union

June 2011
Teaching Note

The Expansion of Ping An (TN)

By: Robert C. Pozen and Nina Yang

Teaching Note for 311133. View Details

Keywords: China

April 2011 (Revised June 2012)
Background Note

Note on U.S. Pension Accounting

By: Robert C. Pozen and Brij Khurana

The purpose of this note is to describe the manner in which publicly traded corporations and local governments in the United States account for their pension plans. View Details

Keywords: Retirement; Accounting; United States

April 2011 (Revised November 2012)
Supplement

Reinsurance Negotiation: Confidential Information for Auburn Re

By: Robert C. Pozen and Henoch Senbetta

The Reinsurance Negotiation case is a fictional three-party negotiation between a primary insurer and two reinsurers. The case is appropriate for use in a wide variety of courses, including Financial Institutions, Negotiations, and courses related to the Insurance and... View Details

Keywords: Insurance; Negotiation

February 2011 (Revised April 2011)
Background Note

Note on the Reinsurance Industry

By: Robert C. Pozen and Henoch Senbetta

This note begins with an overview of reinsurance contacts - their mechanics, types and pricing. It then discusses the structure of the reinsurance industry and the impact of recent crises on this industry. View Details

Keywords: Financial Crisis; Insurance; Governing Rules, Regulations, and Reforms; Industry Structures; Insurance Industry

Article

On the Management of Financial Guarantees

By: Robert C. Merton and Z. Bodie

Keywords: Management; Finance

May 2010 (Revised August 2010)
Case

Breaking the Buck

By: Robert C. Pozen and Elizabeth Leonard

After an incredibly volatile six months since Lehman Brothers declared bankruptcy, Finbar McCall contemplated his options. As the investment manager of RPG Prime Reserve Fund, Inc. (RPGXX), McCall had just heard the news that the U.S. Treasury was extending the... View Details

Keywords: Change Management; Financial Crisis; Financial Management; Insurance; Investment Funds; Business and Government Relations; Business and Shareholder Relations; Financial Services Industry