Defaults - Publications - Faculty & Research

09 May 2017
First Look

New Research and Ideas, May 9

American Economic Review The Costs of Sovereign Default: Evidence from Argentina By: Hébert, Benjamin, and Jesse Schreger Abstract—We estimate the causal effect of sovereign default on the equity returns of Argentine firms. We identify... View Details

Keywords: Sean Silverthorne

01 Dec 2008
News

What Went Wrong?

myself straining to understand not just what was happening but the strange vocabulary used to describe it. I’d never heard of a subprime mortgage. Likewise securitization in all its exotic flavors: collateralized debt obligations, structured investment vehicles, and... View Details

Keywords: Roger Thompson; Finance

01 Oct 1998
News

Going Against the Flow

Brazil was defaulting on its overseas debt and hyperinflation was running rampant. Somehow, amid the country's financial fracasso, Jakurski sensed opportunity. "With inflation at times increasing 2 percent daily," he recalls, "we would... View Details

Keywords: Dun Gifford, Jr.

Portrait Project

Alison Fournier

will strive to stray from the plan whenever possible. I will relish the weak moments that painfully rattle my soul and stretch my psyche. I will accept that some things I desire will never be, but what I do find will lead me where I need to go. I will View Details

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

of Debt Forgiveness: Strategic Default Contagion and Lender Learning By: Pérez Cavazos, Gerardo Abstract—I use a unique data set of loans to small business owners to examine whether lenders face adverse consequences when they grant debt... View Details

Keywords: Dina Gerdeman

Profile

Brian T. Bedol

company, ITT, had purchased Channel 68 from the city of New York and was privatizing it. But because it was owned by the city, it was actually on Channel 3, which was the default channel on whatever cable box you used. When you turned on... View Details

13 Oct 2015
First Look

October 13, 2015

https://www.hbs.edu/faculty/Pages/item.aspx?num=49819 Sharing Private Information with Customers: Strategic Default and Lender Learning By: Pérez Cavazos, Gerardo Abstract—I use a unique data set of loans to small business owners to... View Details

Web

Charitable Lead Trust - Alumni

the Security tab Click Default Level Click OK Hit Refresh (or F5) John C. Whitehead Society Recognizing alumni and friends who make planned gifts to HBS Learn More Let’s Work Together Anne McClintock Senior Director of Development,... View Details

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Charitable Remainder Trust - Alumni

simple steps to resolve the problem: On the Tools menu, click Internet Options (If you cannot see the Tools menu, press Alt to display the menus) In the Internet Options dialogue box, click the Security tab Click Default Level Click OK... View Details

Portrait Project

Rafiq Ahmed

often I felt the tension between my identities as American and Muslim. When I started to get questions about my faith, I defaulted to simplistic explanations defining myself as a good Muslim surrounded by a sea of Muslim extremists... View Details

28 Feb 2011
Research & Ideas

The Importance of ‘Don’t’ in Inducing Ethical Employee Behavior

to the Ten Commandments, the vast majority (eight) of which dictate what thou shalt not do. Meanwhile, in virtually every other aspect of business there is a focus on what to do. Do meet sales projections. Do outperform competitors. Do impress the boss by getting... View Details

Keywords: by Carmen Nobel

29 Apr 2015
Lessons from the Classroom

Use Personal Experience to Pick Winning Stocks

make it move the way you want," says Malloy. Team members Nami Singhal, Trish Higgins, and Yura Mikhalev (all MBA 2013) used a case that Singhal had studied about Argentina's volatile political system as background information to predict that the country would... View Details

Keywords: by Michael Blanding; Financial Services

30 Dec 2013
HBS Case

HBS Cases: What Warren Buffett Saw in Newspapers

course. Buffett's motivation is only one of the many factors that Media General's president and CEO, Marshall Morton, has to weigh in the case. Eight days from a deadline to repay a $225 million loan or trigger a crippling default on an... View Details

Keywords: by Deborah Blagg; Journalism & News; Publishing

04 Aug 2009
First Look

First Look: August 4

GM, it is burdened with large pension and other retiree liabilities that threaten to push it into bankruptcy. Bauer-Martin is considering using various credit derivatives (credit default swaps, credit-linked notes, credit View Details

Keywords: Martha Lagace

Fast Answer

Field Course: Investing for Impact

ratios: RMA Annual Statement Studies Offers industry default risk and cash flow measures for 400 lines of business whose total assets are less than $250 million. Available in IBISWorld: (Search for an industry using keywords or... View Details

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Behavioral Economics for Managerial Decision Making - Course Catalog

including employees, clients, customers, counterparts in other organizations, and the public at large. Topics may include risk and loss aversion, inattention, memory, intertemporal choice, networks, organizational norms, default options,... View Details

19 Sep 2011
Research & Ideas

Doomsday Coming for Catastrophic Risk Insurers?

chance of a Greek or Italian default today or the risks in the mortgage market in the United States viewed from the perspective of 2006." A Peek To The Future What fate befalls policyholders should reinsurers View Details

Keywords: by Maggie Starvish; Financial Services

31 Aug 2009
Research & Ideas

Why Competition May Not Improve Credit Rating Agencies

issuer's quality of assets, existing liabilities, borrowing history, and overall business performance. Investors depend on the ratings to predict the likelihood of default on financial obligations and the expected repayment in the event... View Details

Keywords: by Martha Lagace; Financial Services

04 Dec 2018
First Look

New Research and Ideas, December 4, 2018

predict whether a borrower will repay or, ultimately, default on the obligation. This first case (A) presents students with relevant, detailed data about how the LendingClub model works. This includes LendingClub’s business model, the... View Details