Publications

May 2005 (Revised January 2006)
Case

Ticonderoga: Inverse Floating Rate Bond

Presents a simple interest hedging exercise. A hedge fund is considering an investment in a structured fixed--income product: an inverse floating-rate bond, or inverse floater, designed by a U.S. investment bank. The hedge fund's normal policy is to hedge interest rate... View Details

Keywords: Risk and Uncertainty; Credit Derivatives and Swaps; Bonds; Investment Funds; Interest Rates

25 Mar 2025
Blog Post

ClimateCAP 2025 & ClimateCAP Fellowship

workshops—covering everything from “Valley of Death” funding gaps to the ways policy can unlock private capital—I saw how blending public, private, and philanthropic financing is critical to bridging early-stage innovation with commercial... View Details

01 Mar 2017
News

Alumni and Faculty Books for March 2017

Jane Austen and Anthony Trollope teach us about risk management? How does Mel Brooks’s The Producers illustrate the problem of corporate governance? And what’s the real lesson to be gleaned on value creation from the Bible’s Parable of... View Details

01 Oct 2002
News

Banishing Balkan Ghosts

It's past midnight and the Minister of Finance and Economy is home early from work, fumbling around in the kitchen of his spartan apartment, trying to find something to eat. He's two years into the job, but meals and sleep still occur... View Details

Keywords: Garry Emmons

01 Dec 1997
News

"Economists are puzzle solvers..."

they really need to be able to analyze what the chances are that the mortgage will be prepaid - in other words, what the risk is to them. What our analysis did, in addition to improving the means to price options, was to provide a way to... View Details

01 Jan 2006
News

Sir Ronald M. Cohen, MBA 1969

explains, “Intel and a number of other exciting companies were just getting started, so there was considerable interest in smaller businesses. I wanted to be part of that ferment, and the risk involved made it all the more appealing to... View Details

17 Oct 2011
Research & Ideas

How ‘Hybrid’ Nonprofits Can Stay on Mission

with the model is that hybrid organizations run the risk of suffering from so-called mission drift—meaning that they stray from their original goals—usually by focusing on profits to the detriment of the social good, but sometimes vice... View Details

Keywords: by Carmen Nobel

14 Apr 2015
First Look

First Look: April 14

Applied Corporate Finance When One Size Doesn't Fit All: Evolving Directions in the Research and Practice of Enterprise Risk Management By: Mikes, Anette, and Robert S. Kaplan Abstract—Enterprise View Details

Keywords: Sean Silverthorne

March 1985 (Revised November 1988)
Case

Precision Parts, Inc. (A)

By: William A. Sahlman

Contains a description of a decision confronting two entrepreneurs in mid-1981. They are considering purchasing a small manufacturer of precision electromechanical parts. Among the issues in the case are the following: 1) Should Taylor and Grayson buy Precision Parts,... View Details

Keywords: Leveraged Buyouts; Venture Capital; Financing and Loans; Cost vs Benefits; Investment Return; Strategy; Management Practices and Processes; Risk and Uncertainty; Outcome or Result; Manufacturing Industry

April 1992 (Revised February 1996)
Case

CFM International, Inc.

In April 1987 the management team of CFM International, Inc. (CFMI) was considering developing a new jet engine for the Airbus A340. The withdrawal of a competitor's engine had created an unforeseen opportunity for CFMI to re-enter a competition it had apparently lost... View Details

Keywords: Risk and Uncertainty; Partners and Partnerships; Investment; Globalized Markets and Industries; Manufacturing Industry; Air Transportation Industry

July 2002
Case

First American Bank: Credit Default Swaps

This case examines a bank's ability to manage its credit exposure to a particular client using credit default swaps. View Details

Keywords: Credit Derivatives and Swaps; Risk and Uncertainty; Banks and Banking; Banking Industry

Web

Finalists | New Venture Competition

Nigerians with affordable financing for clean, reliable energy. We leverage group financing and carbon accounting to lower costs and risk in the energy transition of Nigeria's... View Details

January 2005 (Revised October 2005)
Background Note

Standard & Poor's Sovereign Credit Ratings: Scales and Process

By: Rawi E. Abdelal and Christopher Bruner

Describes Standard & Poor's sovereign credit ratings scales and the credit rating process. In particular, describes the role and function of the rating committee and the analytical categories considered in arriving at a final sovereign credit rating. View Details

Keywords: Financial Markets; Credit; Bonds; Policy; Risk and Uncertainty; Measurement and Metrics; Forecasting and Prediction; Financial Services Industry

11 Oct 2022
News

Righting the Ship

Working Capital Fund to finance building projects and equipment purchases for labs and scientists. But he quickly discovered a major difficulty with the fund’s model: While projects were receiving full funding each year, it wasn’t always... View Details

Keywords: Maureen Harmon

October 1993 (Revised September 1994)
Case

Northern Telecom (A): Greenwich Investment Proposal (Condensed)

By: Robert J. Dolan

The business products division has developed a business proposal asking for $50 million to fund the creation of a new telephone system for the small business market. The company's last entry into this marketplace lost $70 million. The new product would face 100... View Details

Keywords: Risk and Uncertainty; Communication Technology; Market Entry and Exit; Corporate Entrepreneurship; Investment; Product Development; Telecommunications Industry; Canada