Publications

March 2005 (Revised December 2005)
Case

Morgan Stanley and TRAC-X: The Battle for the CDS Indexes Market

Morgan Stanley's credit derivatives business, specifically its collateralized debt obligation (CDO) business, has been hugely successful. One of its leading offerings is the TRAC-X product, jointly created and marketed by Morgan Stanley and JP Morgan. However, a new... View Details

Keywords: Credit Derivatives and Swaps; Product; Competition; Capital Markets; Financial Services Industry

1999
Other Presentation

The New Challenge to America’s Prosperity: Findings from the Innovation Index

By: Michael E. Porter and Scott Stern

A comparison and projection of the innovation capabilities of the U.S. and 24 other nations based on a new set of quantitative indicators. View Details

Keywords: Economics; Growth and Development; United States

Article

Online and Official Price Indexes: Measuring Argentina's Inflation

By: Alberto Cavallo

Prices collected from online retailers can be used to construct daily price indexes that complement official statistics. This paper studies their ability to match official inflation estimates in five Latin American countries, with a focus on Argentina, where official... View Details

Keywords: Inflation; Online Price Index; Economics; Macroeconomics; Inflation and Deflation; Price; Latin America; Argentina

2006
Chapter

The Microeconomic Foundations of Prosperity: Findings from the Business Competitiveness Index

By: Michael E. Porter, Christian H.M. Ketels and Mercedes Delgado-Garcia

Keywords: Microeconomics; Welfare; Competitive Advantage; Globalized Economies and Regions

2001
Working Paper

Designing an Option Plan That Rewards Relative Performance: Indexed Options Revisited

2001
Working Paper

Executive Compensation Using Relative-Performance-Based Options: Evaluating the Structure and Costs of Indexed Options

August 22, 2017
Blog Post

Governance through Shame and Aspiration: Index Creation and Corporate Behavior in Japan

By: Charles CY Wang

Article

Targeting Weather Insurance Markets

By: Anita Mukherjee, Shawn Cole and Jeremy Tobacman

The suitability of insurance products often depends greatly on individual circumstances. This paper examines the challenges of heterogeneity in a relatively new product, weather‐indexed insurance. This index insurance product has been launched in over a dozen... View Details

Keywords: Index Insurance; Labor Markets; Self-insurance; Self-protection; Weather; Insurance; Markets; Household; Risk Management

Purchase

January 2025
Teaching Note

Index and Active Investing: Vanguard and the New Frontier of Active ETFs

By: Marco Sammon and Luis M. Viceira

Purchase

10 Apr 2013
Keynote Speech

Disrupting the Status Quo: From Economic Growth to Social Progress

By: Michael E. Porter

Filmed April 10, 2013, Opening Plenary of the Skoll World Forum on Social Entrepreneurship 2013 in Oxford, UK. Professor Michael E Porter of Harvard Business School publicly announces the creation of the Social Progress Imperative and previews its first public product,... View Details

Keywords: Social Progress Index; Social Entrepreneurship

1979
Chapter

A Comparison of Rates of Return to Social Security Retirees under Wage and Price Indexing

By: Robert S. Kaplan

Keywords: Retirement; Investment Return; Wages; Price; United States

11 Apr 2013
Panel Discussion

From Per Capita to Pro Capita: Launch of the Social Progress Imperative

By: Michael E. Porter, Michael Green, Heather Hancock, Judith Rodin, Madhav Chavan and Ngaire Woods

What is a successful country? The global debate about development has, for decades, been focused on a single, economic measure of success: Gross Domestic Product (GDP) Per Capita. But this tells us little about the real wellbeing of a nation or its sustainability. What... View Details

Keywords: Social Progress Index; Country; Measurement and Metrics; Social Issues

January–March 2000
Article

Un nuevo índice de precios para México, 1886-1929 [A New Price Index for Mexico, 1886-1929]

By: Aurora Gómez-Galvarriato and Aldo Musacchio

We present new price indices for the period 1886-1929. These indices have several advantages with respect to the previous ones: i) they cover the whole period with the same methodology, and by reaching 1929 these series can be joined with contemporary price indices,... View Details

Keywords: Price; Inflation and Deflation; Macroeconomics; Mexico

Spring 2016
Article

The Billion Prices Project: Using Online Prices for Inflation Measurement and Research

By: Alberto Cavallo and Roberto Rigobon

New data-gathering techniques, often referred to as “Big Data” have the potential to improve statistics and empirical research in economics. In this paper we describe our work with online data at the Billion Prices Project at MIT and discuss key lessons for both... View Details

Keywords: Billion Prices Project; Online Scraped Data; Online Price Index; Economics; Research; Price; Analytics and Data Science

July 2024
Article

The Passive-Ownership Share Is Double What You Think It Is

By: Alex Chinco and Marco Sammon

Each time a stock gets added to or dropped from a benchmark index, we ask: “How much money would have to be tracking that index to explain the huge spike in rebalancing volume we observe on reconstitution day?” While index funds held 16% of the US stock market in 2021,... View Details

Keywords: Indexing; Passive Investing; Exchange-traded Funds (ETFs); Russell Reconstitution Day; Trading Volume; Information-based Asset Pricing; Investment Funds; Asset Pricing

SSRN

June 7, 1990
Article

New Trading Practices and the Short-run Predictability of the S&P 500

By: André Perold, Kenneth A. Froot and James F. Gammill Jr.

Keywords: Institutional Investing; Market Efficiency; Equities; Stock Market; Indexing; Asset Pricing; Financial Markets; Investment; Behavioral Finance