Harvard Business Review

APRIL 16, 2015

It’s been more than 50 years since Nobel prizewinners Franco Modigliani and Merton Miller identified return on investments as a major component of value creation (and value destruction). As the chart below shows, only half of the CEOs of companies in the Dow Jones Index have previous experience in corporate finance or strategy.

CEO 8

CEO ROIC Cost of Capital Merton 8

Harvard Business Review

SEPTEMBER 29, 2014

Economists and finance. Economists increasingly are also using insights from matching theory to help companies better design systems for matching potential employees with employers, where finding the right “cultural fit” is as or may be more important than an employee’s initial specific skills.

Strategy 11

Strategy Black-Scholes Airlines Price 11

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, I'd suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie's six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources. Tags: Economy Finance Global business.

Banking 15

Banking Crisis Merton Decentralization 15

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Guidelines 15