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- All HBS Web
(2,670)
- People (9)
- News (454)
- Research (1,555)
- Events (6)
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- Faculty Publications (960)
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- January 2013 (Revised April 2017)
- Supplement
Maxum Petroleum, Inc.
By: W. Carl Kester
Maxum seeks an oil-price hedging strategy that yields substantial cash during oil price spikes, is affordable under ordinary circumstances, and is easily managed. It is striving to avoid a repeat of the challenging situation encountered in 2008 when spiking oil prices... View Details
- winter 2004
- Article
Transferable Stock Options (TSOs) and the Coming Revolution in Equity-Based Pay
By: Brian Hall
- April 1978
- Article
The Returns and Risk of Alternative Call Option Portfolio Investment Strategies
By: Robert C. Merton, Myron S. Scholes and Matthew L. Gladstein
Merton, Robert C., Myron S. Scholes, and Matthew L. Gladstein. "The Returns and Risk of Alternative Call Option Portfolio Investment Strategies." Journal of Business 51 (April 1978): 183–242.
- January 2, 2020
- Article
Medicare for All or Public Option: Can Either Heal Health Care?
By: Regina E. Herzlinger and James Wallace
The United States has serious health care problems: More than 27 million uninsured people, costs that are growing faster than income, and a staggering $37 trillion of unfunded liabilities in the Medicare program. Perhaps most alarming: The US ranks lowest among... View Details
Keywords: Healthcare; Public Option; Medicare; Health Care and Treatment; Insurance; Cost Management; Problems and Challenges; United States
Herzlinger, Regina E., and James Wallace. "Medicare for All or Public Option: Can Either Heal Health Care?" Harvard Business School Working Knowledge (January 2, 2020).
- November 2013
- Teaching Note
Larry Steffen: Valuing Stock Options in a Compensation Package (Brief Case)
By: William E. Fruhan and Craig Stephenson
- 1986
- Other Unpublished Work
Capital Flight, Policy Credibility, and the Option Value of Foreign Exchange
By: K. A. Froot and S. van Wijnbergen
- Article
A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes
By: Peter Hancock, Roberto G. Mendoza and Robert C. Merton
Hancock, Peter, Roberto G. Mendoza, and Robert C. Merton. "A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes." Journal of Applied Corporate Finance 17, no. 3 (Summer 2005): 95–101.
- 02 Dec 2002
- What Do You Think?
How Will We Respond to the “Moment of Truth” in Option Plans?
options should be rethought in many organizations. First, there is the issue of whether options are the best means of promoting shareholders' best interests in established companies. While making an... View Details
Keywords: by James Heskett
- Research Summary
Do Stock Options Generate Incentives for Earnings Management? Evidence from Accounting Restatements
Co-authored with Natasha Burns View Details
- 08 Feb 2019
- Working Paper Summaries
Platform Systems vs. Step Processes—The Value of Options and the Power of Modularity
Keywords: by Carliss Y. Baldwin
- 2001
- Working Paper
Executive Compensation Using Relative-Performance-Based Options: Evaluating the Structure and Costs of Indexed Options
Meulbroek, Lisa K. "Executive Compensation Using Relative-Performance-Based Options: Evaluating the Structure and Costs of Indexed Options." Harvard Business School Working Paper, No. 01-021, August 2001.
- November 2013
- Supplement
Larry Steffen: Valuing Stock Options in a Compensation Package, Spreadsheet for Students (Brief Case)
By: William E. Fruhan and Craig Stephenson
- 2001
- Working Paper
Restoring the Link Between Pay and Performance: Evaluating the Costs of Relative-Performance-Based (Indexed) Options
Meulbroek, Lisa K. "Restoring the Link Between Pay and Performance: Evaluating the Costs of Relative-Performance-Based (Indexed) Options." Harvard Business School Working Paper, No. 02-021, December 2001.
- March 2001
- Background Note
Valuing the Option Component of Debt and Its Relevance to DCF-Based Valuation Methods
The flows-to-equity or equity cash flows valuation method is a discounted cash flow method used to estimate the equity portion of the capital structure. It is closely related to the venture capital/buyout valuation method, which estimates the IRR of the stream of cash... View Details
Meulbroek, Lisa K. "Valuing the Option Component of Debt and Its Relevance to DCF-Based Valuation Methods." Harvard Business School Background Note 201-110, March 2001.
- 2007
- Working Paper
The Impact of Shareholder Activism on Financial Reporting and Compensation: The Case of Employee Stock Options Expensing
By: Fabrizio Ferri and Tatiana Sandino
In this paper we examine the economic consequences of over 150 shareholder proposals to expense employee stock options (ESO) submitted during the proxy seasons of 2003 and 2004–the first case where the SEC has allowed an accounting matter to be subject to an advisory... View Details
- November 2013
- Supplement
Larry Steffen: Valuing Stock Options in a Compensation Package, Spreadsheet for Instructors (Brief Case)
By: William E. Fruhan and Craig Stephenson
- May 1976
- Article
The Impact on Option Pricing of Specification Error in the Underlying Stock Price Returns
By: Robert C. Merton
Merton, Robert C. "The Impact on Option Pricing of Specification Error in the Underlying Stock Price Returns." Journal of Finance 31, no. 2 (May 1976): 333–350.
- 2008
- Chapter
The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States
By: John Beshears, James J. Choi, David Laibson and Brigitte C. Madrian
This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the salient features of the various sources of retirement income in the U.S., the paper presents the empirical evidence on how defaults impact retirement... View Details
Keywords: Saving; Financial Condition; Retirement; Investment Funds; Microeconomics; Outcome or Result; Government and Politics; Financial Institutions; Macroeconomics; United States
Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "The Importance of Default Options for Retirement Saving Outcomes: Evidence from the United States." In Lessons from Pension Reform in the Americas, edited by Stephen J. Kay and Tapen Sinha, 59–87. Oxford: Oxford University Press, 2008.
- 2001
- Working Paper
The Efficiency of Equity-Linked Compensation: Understanding the Full Cost of Awarding Executive Stock Options
Meulbroek, Lisa K. "The Efficiency of Equity-Linked Compensation: Understanding the Full Cost of Awarding Executive Stock Options." Harvard Business School Working Paper, No. 00-056, March 2001.
- April 2013
- Teaching Note
Konys, Inc. (TN)
By: Deishin Lee and Tunay Tunca
This case describes the sourcing policy for a consumer electronics company. The company must decide how to structure contracts with their supplier—using a purchase contract, an option contract, or combination of the two. The company can also buy from the spot market.... View Details