Publications

15 May 2017
Blog Post

Exploring Career Options at HBS

eyes to various paths available to reach my goals and instilled in me the importance of making a positive difference in the lives of people around me in any job I end up pursuing. 2. There are many resources available to help you explore new career View Details

2000
Working Paper

Stock Options for Undiversified Executives

By: Brian Hall and Kevin J. Murphy

1996
Working Paper

Design Options and Design Evolution

By: Carliss Y. Baldwin and Kim Clark

01 Sep 2005
News

Allston Options Up for Discussion

in June a forty-page report outlining design options for the new Allston campus. Of all the issues considered, “effective transportation is the most critical to the overall feasibility of the project,” concluded the report, prepared by... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services

January 1993 (Revised August 2003)
Case

Sally Jameson: Valuing Stock Options in a Compensation Package

By: Peter Tufano

Details a thinly disguised situation faced by a recent Harvard MBA graduate who was forced by a prospective employer to place a dollar value on a grant of stock options. There are two objectives: 1) Serves as an introduction to option valuation, in which students have... View Details

Keywords: Valuation; Stock Options; Compensation and Benefits

January 2021
Case

Latinos and the MBA Option

By: José B. Alvarez, Lulu Curiel and Eric Calderon

3 Jul 2013
Lecture

Design Options and Positive Risk

By: Carliss Y. Baldwin

July 2017
Article

The Impact of 'Display-Set' Options on Decision-Making

By: Uma R. Karmarkar

The way a choice set is constructed can have a significant influence on how individuals perceive and evaluate their options and make decisions between them. Here, I examine whether a “display set” of visible but unavailable options can exert these same types of... View Details

Keywords: Decision Making Process; Heuristics; Similarity; Categorization; Marketing Insight; Marketing; Choice; Choice Architecture; Choice Sets; Display; Retail; Consumer Behavior; Decision Choices and Conditions; Decisions; Decision Making; Retail Industry; Consumer Products Industry

January 2008
Supplement

Nextel Partners: Put Option (CW)

By: Timothy A. Luehrman

Spreadsheet Supplement for [207128]. View Details

Keywords: Telecommunications Industry

May 2005 (Revised February 2006)
Background Note

Introduction to Interest Rate Options

Introduces interest rate derivatives, covering floors, caps, and swaptions. Introduces floors, caps, and swaps by analogy to equity puts, calls, and stocks. As with calls and puts on equity, a put-call parity relationship is shown to exist between caps, floors, and... View Details

Keywords: Interest Rates

June 1988 (Revised August 1988)
Case

Air Canada: The Privatization Option

By: Malcolm S. Salter

Keywords: Competition; Corporate Governance; Privatization; Air Transportation Industry; Canada

August 2000 (Revised July 2001)
Case

Laura Martin: Real Options and the Cable Industry

By: Mihir A. Desai and Peter Tufano

CSFB equity research analyst Laura Martin publishes a report on valuing Cox Communications that introduces an innovative approach to valuation. She contends that EBITDA multiple analysis, typical for the cable industry, is flawed because it overlooks the value of the... View Details

Keywords: Valuation; Innovation and Invention; Telecommunications Industry

spring 1973
Article

Theory of Rational Option Pricing

By: Robert C. Merton

Keywords: Theory; Price

June 2015 (Revised November 2015)
Case

Akbank: Options in Digital Banking

By: Rajiv Lal and Esel Çekin

This case discusses the digitalization strategies of a leading bank in Turkey, Akbank, and how to position its digital banking products going forward. The Turkish banking industry was undergoing a transformation prompted by the demands of the country's digitally savvy,... View Details

Keywords: Marketing; Banking; Emerging Market; Regulations; Channels; Digitization; Information Technology; Competition; Brands and Branding; Organizational Change and Adaptation; Emerging Markets; Distribution Channels; Banks and Banking; Digital Transformation; Banking Industry; Financial Services Industry; Turkey

January 1995
Supplement

Stermon Mills: An Options Approach

By: Carliss Y. Baldwin and David M. Upton

Allows students to use an alternative method to analyze the case. View Details

1 Jun 2010
Conference Presentation

Modularity, Options and Design Evolution

By: Carliss Y. Baldwin

Keywords: Design

Article

Today's Options for Tomorrow's Growth

By: W. C. Kester

Keywords: Growth and Development

November 2013
Case

Larry Steffen: Valuing Stock Options in a Compensation Package

By: William E. Fruhan and Craig Stephenson

New MBA graduate Larry Steffen has accepted an attractive job offer from Athena Global Technology but must now choose one of two alternative compensation plans. The first compensation plan option includes a base salary plus a $25,000 cash bonus, and the second includes... View Details

June 2017
Article

Options Compensation as a Commitment Mechanism in Oligopoly Competition

By: Jun Ishii and David Hao Zhang

We analyze how CEO stock options compensation can be used as a commitment device in oligopolistic competition. We develop a two-stage model where shareholders choose managerial compensation to commit their managers to being aggressive in equilibrium. Our results may... View Details

Keywords: CEO Compensation; Ceo Risk-taking; Strategic Delegation; Stock Options; Executive Compensation