Today's executive faces a number of potential threats and opportunities which, in many ways, will help to determine who the corporate winners and losers will be in the coming years. Sixteen years ago, the United States government faced a number of threats following the tragic September 11th...

Managing financial risk has proven difficult over time as evidenced by numerous high profile failures over the recent past including and especially those experienced in the stock market crash of 1987, the financial crisis of 1997-1998 (also known as the “Asian Contagion”) and the 2007-2008...

This paper is a compilation and expansion of two earlier papers, one on systemic risk and the other on strategic risk management. Part 1 of the paper proposes a definition and assessment methodology for systemic financial risk that was inspired by systems accident research. Sociologist Charles...

Purpose: This paper profiles the leadership and Financial Strategy principles of Henry E. Singleton, Ph.D., the late founder, Chairman and CEO of Teledyne Corporation. Design/methodology/approach: The main sources of this paper are a private study prepared by Leon G. Cooperman, founder, Chairman...

Many property and casualty insurance companies vigorously pursue insurance premium growth. However, such growth is fraught with both growth risk and underwriting risk, which can evolve into regulatory risk if it is not carefully managed. There is currently no measure available at the business...

The principles of value investing have resonated with savvy practitioners in the world of finance for a long time. Creating Strategic Value explores how the core ideas and methods of value investing can be profitably applied to corporate strategy and management. The book builds from an analysis...

Purpose: The books, "The Innovator’s Dilemma" and "Fooled by Randomness" were best-sellers, and both books’ authors rightly have legions of followers. Nevertheless, the dynamics each author analyzed so well continue to plague many executives. Why? Is there some way to close the analytical...

Accurately estimating the cost of equity is a critical corporate finance capability, which has been the subject of significant research, the results of which have uncovered a number of practical insights, such as the analytical value of multiple factors. This insight is frequently leveraged in...

This is the first paper that profiles the financial strategy of the late Jay Gould, the legendary 19th Century financial and business titan, and applies it to modern executive management. It proposes a financial strategy framework based on Mr. Gould’s various financial and business activities,...

On June 2, 2023, the stock of Disney—owner of Marvel Entertainment (Marvel)—closed at $90.77, which was approximately 54 percent less than the stock’s March 12, 2021 close of $197.16 sixteen months earlier. One explanation for the decline has been “super hero fatigue,” or customers...