Publications

February 1993
Article

Bank Mergers: Integration and Profitability

By: Dwight B. Crane and J. C. Linder

Keywords: Mergers and Acquisitions; Banks and Banking; Profit; Banking Industry

1983
Chapter

The International Role of U.S. Banking Firms in Perspective

By: Samuel Hayes and Dwight B. Crane

Keywords: Banks and Banking; International Finance

winter 1999
Article

The Design and Production of New Retirement Savings Products

By: Dwight B. Crane and Z. Bodie

Keywords: Design; Retirement; Saving; Product

January 2006 (Revised February 2006)
Case

Deutsche Borse and the European Markets

By: Dwight B. Crane and Monika Stachowiak

In December 2004, Deutsche Borse proposed an offer for the London Stock Exchange. Some shareholders opposed the acquisition, leading to the offer's withdrawal and replacement of management, including the CEO and board members. Written from the viewpoint of Deutsche... View Details

Keywords: Mergers and Acquisitions; Strategy; Governing and Advisory Boards; Capital Structure; Stocks; Valuation; Corporate Governance; Price; Change Management; Commercialization; Financial Services Industry; Europe

05 Aug 2008
First Look

First Look: August 5, 2008

view leadership as a single-minded track driven by unwavering rules, or "foxes," who assess and re-evaluate their goals and strategies based on ever-changing factors in business, politics, and culture. Covering dynamic... View Details

Keywords: Martha Lagace

February 2004 (Revised November 2012)
Exercise

Capital Investment Analysis

By: Dwight B. Crane and Josh Lerner

Teaches techniques of evaluating investment alternatives. A rewritten version of an earlier exercise. View Details

Keywords: Financial Management; Investment Return

February 2001 (Revised April 2001)
Background Note

Note on Valuing Private Businesses

By: Dwight B. Crane and Indra Reinbergs

This case provides a brief overview of valuation for owners of closely held companies. The focus is on a comparable transactions approach, although rules of thumb and discounted cash flow are mentioned. Earnings multiples and their drivers are discussed. It uses... View Details

Keywords: Earnings Management; Finance; Cash Flow; Analytics and Data Science; Private Ownership; Valuation

Educators

November 2000
Background Note

Note on Employee Stock Ownership Plans (ESOPs) and Phantom Stock Plans

By: Dwight B. Crane and Indra Reinbergs

Provides a brief overview of employee stock ownership plans (ESOPs) and phantom stock plans for owners of closely held companies. ESOPs can be used as a tool of corporate financing, and can provide employees with ownership interests. Phantom stock plans can reward... View Details

Keywords: Financing and Loans; Employee Stock Ownership Plan; Motivation and Incentives; Management Teams; Corporate Governance; Ownership Stake; Taxation

Educators

September 2000 (Revised October 2000)
Exercise

Drivers of Industry Financial Structure

By: Dwight B. Crane and Indra Reinbergs

This case contains common-size balance sheets and financial ratios for 10 companies, each representative of a different industry. Students are asked to identify the industries from the structure of the financial statements. View Details

Keywords: Finance