Lehman - a case of strategic risk | Macquarie University ResearchOnline

Home

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/178286

53 Visitors

58 Hits

1 Downloads

Title: Lehman - a case of strategic risk
Related: The Capco Institute journal of financial transformation, Vol. 34, (2012), p.51-62
Related: http://www.capco.com//capco-institute/capco-journal/journal-34-cass-capco-institute-paper-series-on-risk/lehman-%E2%80%93-a-case-o
Publisher: Capco
Date: 2012
Author/Creator: McConnell, Patrick
Description: The bankruptcy of Lehman Brothers in 2008 was a critical event in the Global Financial Crisis, exposing serious fault-lines in the structure of global financial markets and leading to widespread economic disruption. But how did Lehman, a company of over 150 years’ experience in commodities markets, reach such a precarious position? The underlying reason for the failure goes back to a change in corporate strategy in 2006 in which Lehman decided to shift from a “moving” or securitization business to a “storage’ business, with the firm making and holding longer-term, riskier investments.
Description: 12 page(s)
Resource Type: journal article
Organisation: Macquarie University. Applied Finance Centre

Macquarie University ResearchOnline