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Wall Street Is No Friend to Radical Innovation
Innovation Magazine ArticleTo the list of reasons to resent Wall Street, now add another: It’s a wet blanket on innovation. A new study by Mary Benner of the Wharton School (published this year in Organization Science) examines the way securities analysts research and report on incumbent firms in industries undergoing disruptive change. She finds that analysts tend […] -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
Research: Investors Reward Companies That Talk Up Their Digital Initiatives
Finance & Accounting Digital ArticleAccording to an analysis of annual reports. -
How the Carl Icahns of the World Benefit Firms but Not Workers
Financial markets Digital ArticleResearch reveals how activist investors help and hurt. -
Right Way to Manage Your Pension Fund
Finance & Accounting Magazine ArticlePension portfolio management focuses on the balance between risk and return on assets held. With a new ruling of the Financial Accounting Standards Board,... -
The New Economy Is Stronger Than You Think
Government policy and regulation Magazine ArticleSome people—in particular, panicky policy makers at the Fed—fear that the new economy is a bubble about to burst. They’re dead wrong. Barring any government interference, the new economy is rock solid and here to stay. -
Survival of the Richest
Organizational culture Magazine ArticleIn financial markets, as in many human endeavors, there’s a battle between reason and madness. On one side are the disciples of the efficient-markets hypothesis: the notion that markets fully, accurately, and instantaneously incorporate all relevant information into prices. These adherents assume that market participants are rational, always acting in their own interest and making […] -
The Capitalist’s Dilemma
Economics Magazine ArticleThe tools we use to guide our investments are blind to the best opportunities for creating new jobs and new markets. -
Are Buybacks Really Shortchanging Investment?
Financial markets Magazine ArticleWhat the argument against stock repurchases gets wrong -
Six Ways Companies Mismanage Risk
Strategy & Execution Magazine ArticleFinancial risk management is hard to get right even in the best of times. It can take one of six paths to failure, nearly all of them exemplified in the... -
It's Time to Replace the Public Corporation
Organizational Development SpotlightCritics charge that in today's heavily traded capital markets, executives are increasingly incentivized to manage in tiny, short-term windows, with an... -
Private Equity's Lessons for the Rest of Us
Finance & Accounting Digital ArticleA year ago, most of us couldn't name a single asset in the Cerberus Capital Management portfolio. Today, we know them as the private equity firm that... -
Big Data and Machine Learning Won't Save Us from Another Financial Crisis
Technology & Operations Digital ArticleHuman judgment still matters deeply. -
Providing Financial Services to Employees Is a Win-Win
Global Business Digital ArticleStart with pay flexibility, budget management support, and retirement planning. -
Is a Share Buyback Right for Your Company?
Finance & Accounting Magazine ArticleContrary to popular wisdom, buybacks don't create value by raising earnings per share. But they do indeed create value, and in two very different ways.... -
Dude, Where's My Capitalism?
Finance & Accounting Digital ArticleDear WSJ Editorial Board, Ashton Kutcher once famously said: "Dude, where's my car?" I have a feeling what you've really been saying lately is: "Dude,... -
How Markets Help Marketers
Business models Magazine ArticleStock market simulations—mechanisms that tap into consumers’ collective wisdom by letting them bet on the success of products—are potent predictive tools, proven to generate reliable sales forecasts. Now these information markets promise to do something even more exciting: help companies determine the optimal marketing strategy for products prior to launch. Consider the Hollywood Stock Exchange […] -
4 Big Economic Questions Now Facing the EU
Global Business Digital ArticleAn attempt to categorize the unknown. -
How Blockchain Is Changing Finance
Financial markets Digital ArticleIt could reduce friction and costs. -
How to Assess True Macroeconomic Risk
Finance & Accounting Magazine ArticleIn this article, adapted from the forthcoming book Shocks, Crises, and False Alarms, the authors explain how economic analysis works in the real world....
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The October 2009 Petrobras Bond Issue (C)
Finance & Accounting Case Study5.00View Details The Petrobras case explores the debt financing decisions of one of the largest oil companies in the world. The task is to decide on debt issues that are... -
India: The Dabhol Power Corporation (A)
Finance & Accounting Case Study11.95View Details In the wake of the fraud conspiracy convictions of its former executives Kenneth Lay and Jeffrey Skilling, the name Enron will likely long be synonymous... -
R.J. Reynolds International Financing
Finance & Accounting Case Study11.95View Details Reynolds must source a substantial portion of the financing of its Nabisco acquisition in offshore bond markets. Morgan Guaranty has proposed a yen/dollar... -
Dimensional Fund Advisors--1993
Finance & Accounting Case Study11.95View Details A small California-based money manager is now offering specialty products for institutional investors based upon recent financial research findings. -
Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. (VHSS): Valuing Ships
Finance & Accounting Case Study11.95View Details After booming for more than five years, the global shipping (maritime) industry experienced a dramatic crash in late 2008 as the global financial system... -
Jet Airways (India) Limited - Brand Building and Valuation: Industry Note
Finance & Accounting Case Study8.95View Details The case documents how Naresh Goyal, chairman of Jet Airways (India) Limited founded the airline and related business group, and built the 'Jet Airways'... -
IFMR Capital: Securitizing Microloans for Non-Bank Investors
Global Business Case Study11.95View Details In 2009 IFMR Capital sought to create new funding options for microfinance institutions by using a structured finance approach to attract a new class... -
CME Group in 2019
Strategy & Execution Case Study11.95View Details Chicago-based CME Group is the world's largest futures and options marketplace, with annual trading volume of over 4.8 billion contracts in 2018. This... -
Steinhoff International and the Stock Exchange
Finance & Accounting Case Study11.95View Details Steinhoff International Holdings N.V. was a holding company, whose subsidiaries manufactured, distributed and sold furniture and household products. Steinhoff... -
Yale University Investments Office
Finance & Accounting Case Study11.95View Details Yale University's investment office was responsible for managing its endowment, which totaled nearly $4 billion in June 1995. Yale had developed a rather... -
Mortgage Backed Securities and the Covid-19 Pandemic
Finance & Accounting Case Study11.95View Details In April 2020, global financial markets were still reeling as the COVID-19 pandemic spread rapidly across the world. Global equity markets had initially... -
Earnings Management Exercise
Finance & Accounting Case Study8.95View Details ... -
BlueOrchard Finance: Connecting Microfinance to Capital Markets
Finance & Accounting Case Study11.95View Details Microfinance is a field that has received increasing attention over the years in the development community. It consists of the delivery of financial services... -
The FLV Capital Trading Desk (A)
Finance & Accounting Case Study11.95View Details -
Chicago Board Options Exchange (CBOE)
Finance & Accounting Case Study11.95View Details The Chicago Board Options Exchange (CBEO) must decide how to respond to new competition in the market for financial options. Options have typically been... -
Value-At-Risk
Finance & Accounting Case Study11.95View Details Introduces the student to the recently developed concept of value-at-risk (VAR) in risk analysis. By working through a stylized example using spreadsheet... -
Aluminium Bahrain (Alba): The Pot Line 5 Expansion Project
Finance & Accounting Case Study11.95View Details In September 2002, Aluminium Bahrain (Alba) needed to decide how to finance its proposed $1.7 billion pot line. The company's financial adviser, Taylor... -
U.S. Subprime Mortgage Crisis: Policy Reactions (A)
Finance & Accounting Case Study11.95View Details By March 2008, the U.S. Government and the U.S. Federal Reserve Board had taken various policy measures over the last few months to tackle the subprime... -
Ti-Tech (A)
Sales & Marketing Case Study11.95View Details This case concerns the selection and scheduling of orders by a small industrial titanium fabricator that recently has been plagued by poor deliveries... -
Japanese Financial System: From Postwar to the New Millennium
Global Business Case Study8.95View Details Describes the development of the Japanese financial system, from extensive regulation and fund allocation through administrative guidance in the 1950s...
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The October 2009 Petrobras Bond Issue (C)
Finance & Accounting Case Study5.00View Details The Petrobras case explores the debt financing decisions of one of the largest oil companies in the world. The task is to decide on debt issues that are... -
Wall Street Is No Friend to Radical Innovation
Innovation Magazine ArticleTo the list of reasons to resent Wall Street, now add another: It’s a wet blanket on innovation. A new study by Mary Benner of the Wharton School (published this year in Organization Science) examines the way securities analysts research and report on incumbent firms in industries undergoing disruptive change. She finds that analysts tend […] -
India: The Dabhol Power Corporation (A)
Finance & Accounting Case Study11.95View Details In the wake of the fraud conspiracy convictions of its former executives Kenneth Lay and Jeffrey Skilling, the name Enron will likely long be synonymous... -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
R.J. Reynolds International Financing
Finance & Accounting Case Study11.95View Details Reynolds must source a substantial portion of the financing of its Nabisco acquisition in offshore bond markets. Morgan Guaranty has proposed a yen/dollar... -
Research: Investors Reward Companies That Talk Up Their Digital Initiatives
Finance & Accounting Digital ArticleAccording to an analysis of annual reports. -
Dimensional Fund Advisors--1993
Finance & Accounting Case Study11.95View Details A small California-based money manager is now offering specialty products for institutional investors based upon recent financial research findings. -
Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. (VHSS): Valuing Ships
Finance & Accounting Case Study11.95View Details After booming for more than five years, the global shipping (maritime) industry experienced a dramatic crash in late 2008 as the global financial system... -
How the Carl Icahns of the World Benefit Firms but Not Workers
Financial markets Digital ArticleResearch reveals how activist investors help and hurt. -
Right Way to Manage Your Pension Fund
Finance & Accounting Magazine ArticlePension portfolio management focuses on the balance between risk and return on assets held. With a new ruling of the Financial Accounting Standards Board,...