Publications

June 18, 2019
Article

Research: Investors Reward Companies That Talk Up Their Digital Initiatives

By: Suraj Srinivasan and Wilbur Chen

A study of how companies disclose their digital initiatives on earnings calls and written communications finds that more firms are using these technologies, that financial markets reward companies that disclose such initiatives, but that financial performance... View Details

Keywords: Digital Technologies; Disclosure; Investment; Performance Improvement

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December 2007 (Revised April 2009)
Teaching Note

Adams Capital Management: Fund IV (TN)

By: G. Felda Hardymon, Josh Lerner and Ann Leamon

Keywords: Financial Management; Investment

March 2009
Article

Trading Restrictions and Stock Prices

By: Robin Greenwood

Firms can manipulate their stock price by limiting the ability of their investors to sell. I examine a series of corporate events in Japan in which firms actively reduced their float—the fraction of shares available to trade—for periods of one to three months, locking... View Details

Keywords: Equity; Stock Shares; Investment; Investment Return; Price; Market Transactions; Japan

01 Jun 2012
News

Good as Our Word

For most of the 20th century, three bond ratings agencies—Moody’s, Fitch, and Standard & Poor’s—controlled 97 percent of the credit ratings market. The status quo was disrupted, however, by the 2008 global economic recession, an event that the Big Three contributed to... View Details

Keywords: Maggie Starvish; Bond rating; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

18 Apr 2016
News

In the Spotlight: Jane Fraser

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Apr 2016
News

In the Spotlight: John Paulson (MBA 1980)

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

10 Mar 2016
News

In the Spotlight: Jeff Walker (MBA 1981)

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

28 Jul 2014
News

A Life-Changing View

Keywords: private equity; career paths; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

18 Jun 2014
News

Winning An Insiders' Game In Stocks

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

15 Jan 2014
News

Deal Maker Relies on Extensive Database

Keywords: big data; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Oct 2013
News

Lehman Brothers Plus Five: Have We Learned from Our Mistakes?

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Sep 2010
News

Becoming a VC Insider

Kids may grow up wanting to be entrepreneurs, but “no kid dreams of growing up to be a venture capitalist,” says Jeffrey Bussgang (MBA ’95). Thankfully, Bussgang has managed to do both and write about it, too. His recent book, Mastering the VC Game (Portfolio), is the... View Details

Keywords: Sean Silverthorne; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

July 2010 (Revised March 2016)
Case

MacroMarkets LLC

By: Robin Greenwood and Luis M. Viceira

MacroMarkets co-founder and CEO Samuel Masucci III is meeting with a strategic partner for his firm. Co-founded with Yale University Professor Robert Shiller, MacroMarkets' main innovation is the "MacroShare," which allows investors to take long or short, levered or... View Details

Keywords: Macroeconomics; Financial Instruments; Financial Markets; Investment Funds; Investment Portfolio; Innovation and Invention; Risk Management; Product Positioning; Demand and Consumers; Financial Services Industry

March 2004 (Revised October 2013)
Case

Innocents Abroad: Currencies and International Stock Returns

By: Mihir A. Desai, Kathleen Luchs, Elizabeth A. Meyer and Mark Veblen

What do international stocks contribute to the portfolio of a U.S. investor? How do currencies interact with stock price movements in determining the benefits of international diversification? This case helps students compare the risks and returns of foreign stock... View Details

October 2022 (Revised January 2025)
Case

Founders First Capital Partners: An Approach to Capital Access Equity

By: Brian Trelstad, Mel Martin and Amy Klopfenstein

In June 2021, Kim T. Folsom, the founder and CEO of revenue-based financing firm Founders First Capital Partners (FFCP), must decide whether to issue another loan to OnShore Technology Group, an up-and-coming software validation company. FFCP provided revenue-based... View Details

Keywords: Finance; Financial Instruments; Financing and Loans; Interest Rates; Investment Return; Revenue; Capital; Financial Services Industry; North and Central America; United States

May 2010 (Revised August 2013)
Case

Delta Electronics Hybrid Power Train

By: Willy C. Shih and Jyun-Cheng Wang

Delta Electronics, the world's largest manufacturer of switching power supplies, hoped to enter the market for gasoline-electric hybrid power trains for automobiles by being a major component and subsystem supplier. While most public awareness of hybrid vehicles fell... View Details

Keywords: Investment Return; Intellectual Property; Emerging Markets; Industry Clusters; Partners and Partnerships; Electronics Industry; China