Publications

winter 1969
Article

A Complete Model of Warrant Pricing that Maximizes Utility

By: Paul A. Samuelson and Robert C. Merton

Keywords: Price

March 2016
Article

Dividends as Reference Points: A Behavioral Signaling Approach

By: Malcolm Baker, Brock Mendel and Jeffrey Wurgler

We outline a dividend signaling model that features investors who are averse to dividend cuts. Managers with strong unobservable cash earnings separate by paying high dividends but retain enough to be likely not to fall short next period. The model is consistent with a... View Details

Keywords: Investment

February 1984
Article

A Monetary Equilibrium Model with Transaction Costs

By: J. J. Rotemberg

Keywords: Cost

December 1997 (Revised May 2017)
Teaching Note

Kidder, Peabody & Co.: Creating Elusive Profits

By: Robert Simons and Antonio Dávila

Teaching Note for (9-197-038). View Details

Keywords: Strategy And Execution; Management Control Systems; Internal Controls; Risk Management; Risk And Uncertainty; Risk Assessment; Profit

September – October 2011
Article

The Return Experience of Hedge Fund Investors

By: Ilia Dichev and Gwen Yu

Keywords: Investment

1987
Article

Dynamic Pricing

By: V. K. Rangan, Pil Hwa Yoo and Robert J. Dolan

Keywords: Price

2009
Book

Annual Review of Financial Economics, Volume 1

By: Andrew W. Lo and Robert C. Merton

Keywords: Finance; Economics

March 2009 (Revised December 2009)
Supplement

Relational Investors and Home Depot (B)

By: Jay W. Lorsch and Kaitlyn Simpson

Keywords: Investment; Retail Industry; Consumer Products Industry

March 2008
Supplement

The Pitcairn Family Heritage® Fund (CW)

Keywords: Investment

August 6, 2007
Article

Insuring China's Future

By: Robert C. Pozen

Keywords: Insurance; China

November 2007 (Revised March 2008)
Teaching Note

Event Arbitrage (TN)

By: Joshua D. Coval and Erik Stafford

Keywords: Finance; Markets

Article

Interfirm Profitability Differences: Comment

By: M. E. Porter, R. E. Caves and B. T. Gale

Keywords: Profit

September 2006 (Revised August 2007)
Background Note

The History of Credit Agencies in the United States

By: F. Warren McFarlan and Tracy Manty

Provides a brief background on the history of credit agencies in the United States. Focuses on the mature process of data collection on an American consumer and how credit agencies share the information to determine proper credit risk and worthiness of a consumer. The... View Details

Keywords: Credit; United States

Educators

June 2005 (Revised October 2007)
Background Note

The Law of One Price

By: Joshua D. Coval, Erik Stafford, Rodrigo Osmo, John Jernigan, Zack Page and Paulo Passoni

Demonstrates the Law of One Price in practice. Using synthetic securities, students should observe opportunities to earn profits when spreads emerge between portfolios that offer identical payoffs. Uses separate uptick financial simulation software. View Details

Keywords: Price