In an article of the McKinsey Quarterly the two business strategists discuss the nature of risk, the effectiveness of performance-measurement systems, and the difficulty of getting governance and incentives right.
Jonathan Berk, the A.P. Giannini Professor of Finance at Stanford School of Business, has published an article titled “Incentives and the Financial Crisis” about people’s behavior in the credit crunch. The article is available online.
Read the information about the global economic crisis on the special webpage of the Harvard Business School.
The redit crisis has become a global financial crisis. In a new publication series “Collateral Damage” the Boston Consulting Group (BCG) assess the impact of the financial crisis on the economy and discusses its impacts. The two parts of the series published so far are: “Collateral Damage Part 1: What the Crisis in the Credit [...]
Paul J.H. Schoemaker, research director for the Mack Center for Technological Innovation, suggests that, for some companies, the economic crisis can actually provide an innovation platform: “The crisis has multiple impacts: Loss of revenue and profit will at first instill a cost cutting mentality, which is not good for innovation. But if the patient is [...]
Niall Ferguson (Laurence A. Tisch Professor of History at Harvard University and William Ziegler Professor at Harvard Business School) wrote an article published in Vanity Fair titled “Wall Street Lays Another Egg” about the credit crunch. “Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent [...]
INSEAD organizes the “Leadership Summit Asia 2008” conference at its Asia campus in Singapore. The conference, entitled ‘Is Asia Riding – or Writing the future?’, will examine the sustainability of the Asian success story in the light of the global financial crisis. Live webcast of the conference: http://tv.insead.edu . The event will be held from [...]
Everybody is discussing about the executive pay topic. John E. Core, Wayne Guay and David F. Larcker have published a contribution about “The Power of the Pen and Executive Compensation” in the Journal of Financial Economics: Vol. 88 (1) 2008. In an online interview Larcker stated that “Two issues emerged, first, is the press picking [...]
Strategy+business has published a resilience report article: “Taking a Calmer View” by Klaus-Peter Gushurst, Ivan de Souza, and Vanessa Wallace. The authors point out that… “The financial sector’s prospects in the wake of crisis may be better than you think.” What are their arguments? “There is no sign of substantial risk of sovereign default in [...]
Wharton Professor Jeremy Siegel: “Well, it’s a worldwide crisis, and there’s going to be a worldwide recession.”Oct 17th, 2008 | By Sören Kupke | Category: Credit Crisis, Economic Theory, Leadstory
Knowledge@Wharton has published interviews with Richard Marston and Jeremy Siegel according to the topic “Will the Bank Plan Revive Global Markets?” Professor Marston points out that… “The initial plan was to buy up the debt. [...] The new plan focuses on equity. I think there’s a greater chance for success for two reasons. First of [...]