Publications

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Do a Firm’s Equity Returns Reflect the Risk of Its Pension Plan?

July 2006 | Risk Management/Stocks | Paper
Jin, Li, Robert C. Merton, and Zvi Bodie. "Do a Firm's Equity Returns Reflect the Risk of Its Pension Plan?" Journal of Financial Economics 81, no. 1 (July 2006): 1-26.

A New Framework for Analyzing and Managing Macrofinancial Risks of An Economy

October 2006 | Risk Management/Stocks | Paper
Gray, Dale F., Robert C. Merton, and Zvi Bodie. "A New Framework for Analyzing and Managing Macrofinancial Risks of An Economy." Harvard Business School Working Paper, No. 07-026, 2006. (Also NBER Working Paper Series, No. 12637.)

The Derivatives Sourcebook. Foundations and Trends in Finance

2006 | Derivatives/Options | Book
Lim, Terence, Andrew W. Lo, Robert C. Merton, and Myron S. Scholes. The Derivatives Sourcebook. Foundations and Trends in Finance. Now Publishers, 2006.

Harvard’s Financial Scientist

October 2006 | | Article
Bloomberg Markets Robert Merton’s option-based model for valuing corporate debt, one of the insights for which he won a Nobel prize, is receiving renewed interest for valuing credit derivatives.

The Design of Financial Systems: Towards a Synthesis of Function and Structure

March 2005 | Financial Engineering | Paper
Merton, Robert C., and Zvi Bodie. "The Design of Financial Systems: Towards a Synthesis of Function and Structure" Journal of Investment Management 3, no. 1 (First Quarter 2005): 1-23. (Was Harvard Business School Working Paper No. 02-074, 2002.) (Reprinted in Chinese in Journal of Comparative Studies, Issue 17, March 2005.)

Thoughts on the Future: Theory and Practice in Investment Management

Spring 2005 | Life-Cycle Savings/Investment | Paper
Merton, Robert C. “Thoughts on the Future: Theory and Practice in Investment Management.” Financial Analysts Journal 59, no. 1 (January/February 2003): 17-23. (Winner of the 2003 Graham and Dodd Award for Best Perspectives Article. Reprinted in Harvard College Investment Magazine, spring 2005.)

A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes

Summer 2005 | Miscellaneous | Paper
Hancock, Peter, Roberto G. Mendoza, and Robert C. Merton. "A Proposal for Expensing Employee Compensatory Stock Options for Financial Reporting Purposes." Journal of Applied Corporate Finance 17, no. 3 (summer 2005): 95-101