Finance
Finance
Our intellectual roots are based in a long line of scholars from Robert Merton whose collaborative work on risk management and option pricing won him the Nobel Prize in Economics in 1997, to John Lintner who co-created the Capital Asset Pricing Model and made significant contributions to dividend policy, and Gordon Donaldson whose work helped shape the field of corporate finance. We strive to understand how managers and firms make value-enhancing decisions; and how financial institutions, markets, and instruments contribute to this process. Our approach to research is distinguished by its unique combination of theory, empirical analysis, mathematical modeling, and field observations at companies.
Faculty Unit
The Finance Unit produces research addressing issues of present and future importance to managers, regulators, and policy-makers.
Finance UnitRecent Publications
Doing Business in Kigali, Rwanda
- March 2023 |
- Case |
- Faculty Research
Comparison of COVID-19 Hospitalization Costs across Care Pathways: A Patient-level Time-driven Activity-based Costing Analysis in a Brazilian Hospital
- 2023 |
- Article |
- BMC Health Services Research
Doing Business in Accra, Ghana
- February 2023 |
- Case |
- Faculty Research
Doing Business in Istanbul, Turkey
- February 2023 |
- Case |
- Faculty Research
Doing Business in Nairobi, Kenya
- February 2023 |
- Case |
- Faculty Research
Doing Business in Helsinki, Finland
- February 2023 |
- Case |
- Faculty Research
Doing Business in Athens, Greece
- February 2023 |
- Case |
- Faculty Research
Kapor Capital
- February 2023 |
- Case |
- Faculty Research
Accelerating the Accelerator: Raja Al Mazrouei at DIFC Fintech Hive
- February 2023 |
- Case |
- Faculty Research
With Dubai's ambition to be one of the top ten metaverse economies by 2030, Al Mazrouei’s last mandate as EVP of Fintech Hive was to strategize on how to deepen their partnerships and remain at the forefront of technology. She decided to focus on the metaverse with her long-standing partner, Emirates NBD. Although some questioned whether the metaverse would create value for those in the financial sector, this project kept Fintech Hive and Emirates NBD on the cutting edge. Together, they created a global accelerator program for metaverse start-ups to enhance customer experience, contributing to the country’s agenda. It was clear to Al Mazrouei that building partnerships, like the one established with Emirates NBD, would continue to be critical for success in her new position. She was eager to collaborate with her new team and fulfill the country’s ambitions by building the culture and capabilities required to embrace innovation and digital technology across the Dubai government and economy.
Roblox: Virtual Commerce in the Metaverse
- February 2023 |
- Case |
- Faculty Research
In 2022, Roblox was grappling with how to maintain revenue growth and generate profits, considering two key decisions. First, how should Roblox expand its partnerships with brands, and should Roblox allow brands to offer immersive advertising within experiences? Roblox would have to tread carefully to not raise the ire of watchdog groups who were wary of advertising targeted at children. Second, should Roblox change its economic model which was free to publish, and adopt a “scarcity economy” whereby Roblox would allow creators to only publish items in limited quantities and charge an upfront fee for item creation, similar to a manufacturing fee? On one hand, scarcity could prevent excess supply from driving down prices, but culturally Roblox users and developers were accustomed to unlimited supply, low prices, and virtually no upfront fees.