by Erik Stafford - Publications - Faculty & Research

This paper develops a parsimonious static model for characterizing financing terms in collateralized lending markets. We characterize the systematic risk exposures for a variety of securities and develop a simple indifference-pricing framework to value the systematic... View Details

Keywords: Financial Crisis; Borrowing and Debt; Cost of Capital; Credit; Financing and Loans; Interest Rates; Investment; Framework; Risk and Uncertainty; Financial Services Industry

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Read Now

October 2007
Background Note

Price Formation

By: Joshua D. Coval and Erik Stafford

Investigates how prices are formed in competitive capital markets. Focuses on a single security called AOE. Students compete with computer traders and each other for market making and informed trading profits. Participants receive a variety of public news in the form... View Details

Keywords: Capital Markets; Price; Profit; Corporate Disclosure; Newsletters; Industry Structures; Business Processes; Competitive Strategy

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Educators

October 2006 (Revised March 2008)
Case

2006 Hurricane Risk

By: Andre F. Perold and Erik Stafford

In May 2006, a resident of Key West, Florida had to decide whether to renew his policy to insure against hurricane damage. The policy would cost $13,000 for one year, $5,000 more than what he paid in 2005. At the same time, a wealthy California resident was... View Details

Keywords: Capital Markets; Cost; Insurance; Price; Risk Management; California; Key West

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Educators

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June 2005 (Revised October 2007)
Teaching Note

Price Formation (TN)

By: Joshua D. Coval and Erik Stafford

Teaching Note to (2-205-076) and (2-205-077). View Details

Keywords: Price

Citation

December 2000 (Revised May 2001)
Supplement

Cost of Capital at Ameritrade

By: Mark L. Mitchell and Erik Stafford

Spreadsheet to (9-201-046). Download only. View Details

Keywords: Financial Services Industry

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01 Apr 2001
News

Making A Difference: HBS Club of Puget Sound Reaches Out to Young Alumni

a month, and as one of its youngest members, Kwiker recognized the need to get more young HBS alumni involved. “I went to the president of the club and told him I was interested in hosting a dinner party for recent HBS graduates,” says Kwiker. Along with the new club... View Details

Keywords: Elena N. Berg; Miscellaneous Store Retailers; Retail Trade

25 Jun 2019
News

After the Storm

It’s fitting that Erik Dyson’s HBS interview was conducted over a pay phone in Costa Rica, where he and his wife, Debbi, were finishing a three-year program for Habitat for Humanity. Now the CEO of the disaster relief organization All... View Details

Keywords: Paul Flannery