http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2009 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/ramaswamy_krishna.jpg http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=1303&source=rss <SPAN style="font-size: 10pt; font-family: verdana">In the past few years, credit derivatives have helped the financial markets weather storms like the bankruptcies of Enron, WorldCom and Parmalat as well as Argentina's debt default. Along the way they have grown into a multi-trillion dollar market with hedge funds, insurance companies and pension funds looking for ways to take on risk in hope of earning higher investment yields. But do these exotic products help to mitigate the shock from corporate crises, as their proponents claim? Or do they pump new, poorly understood risk into the financial markets?</SPAN> Wed, 02 Nov 2005 16:31:57 EST Insurance and Pensions http://knowledge.wharton.upenn.edu/article.cfm?articleid=562&source=rss The stock market’s recent slump and Enron’s collapse last year have focused new attention on employee exposure to equity risk, particularly in self-directed 401(k) plans. While many workers continue to view company shares and the stock market as their long-term route to retirement security, that view was challenged by participants in a recent Wharton conference on “Risk Transfers and Retirement Income Security.” Wed, 22 May 2002 00:00:00 EST