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- Faculty Publications (2,348)
Show Results For
-
All HBS Web
(5,435)
- People (6)
- News (890)
- Research (3,739)
- Events (14)
- Multimedia (14)
- Faculty Publications (2,348)
- 2018
- Working Paper
Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and Its Aftermath
By: Antonio Falato, Giovanni Favara and David Scharfstein
We present evidence that pressure to maximize short-term stock prices and earnings leads banks to increase risk. We start by showing that banks increase risk when they transition from private to public ownership through a public listing or an acquisition. The increase...
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Falato, Antonio, Giovanni Favara, and David Scharfstein. "Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and Its Aftermath." Working Paper.
- 04 Aug 2009
- First Look
First Look: August 4
extant GAAP, as observed in a regulated setting, with GAAP that might arise endogenously as a result of market forces. Building on previous research, we argue that verifiability and conservatism, while...
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Martha Lagace
- 2014
- Article
The Growth and Limits of Arbitrage: Evidence from Short Interest
By: Samuel G. Hanson and Adi Sunderam
We develop a novel methodology to infer the amount of capital allocated to quantitative equity arbitrage strategies. Using this methodology, which exploits time-variation in the cross section of short interest, we document that the amount of capital devoted to value...
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Hanson, Samuel G., and Adi Sunderam. "The Growth and Limits of Arbitrage: Evidence from Short Interest." Review of Financial Studies 27, no. 4 (April 2014): 1238–1286. (Winner of the RFS Rising Scholar Prize 2014. Internet Appendix Here.)
- Web
Policy - Business & Environment
Confronting Climate Change Policy From obstruction to leadership For much of the last 50 years, powerful segments of the business community have opposed government action on climate change. The fossil fuel industry in particular, seeing View Details
- 01 Mar 2023
- News
An Investment in Tomorrow's Leaders
director of the MBA and Doctoral Programs. To understand what keeps great potential students from applying for an MBA, the School commissioned a market research study and learned that the most salient barriers to applying are View Details
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Jennifer Gillespie
- Profile
Deborah A. Farrington
When Deborah Farrington and her two sisters were growing up, their mother and father made it clear to all of them at an early age that they could do anything they set their minds to. Her father worked in financial services at Lehman...
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- 20 Aug 2024
- Book
Why Competing With Tech Giants Requires Finding Your Own Edge
its peak in 2017. Over the years, Ping An implemented its finance plus ecosystem strategy through three steps. First, it used technology to enable and increase the competitiveness of its core business of financial services. Second, it...
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- 01 Jun 2007
- News
A Big Deal
Ratan Tata (AMP 71, 1975) made big news in February when his Tata Group purchased Corus, the Anglo-Dutch steel producer, the Financial Times reported (February 3, 2007). The $12 billion deal was one for the record books as the largest...
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Manufacturing
- 01 Oct 1997
- News
Short Takes
herbicides, reducing risk.) In general, Reinhardt asserts, it is market leaders who, by virtue of their power to shape the nature of competition in their industries, can force other firms to follow. Flexing similar muscle are firms with...
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- 01 Mar 2023
- News
The Exchange: Micro Management
Image by John Ritter In the 50 years since modern microfinance was introduced as a tool to fight poverty, institutions have distributed hundreds of millions of loans to people in developing countries. Such loans are repaid at rates often as high as 98 percent. Those...
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- 24 Apr 2014
- News
Private capital, public good
Tracy Palandjian (AB 1993, MBA 1997) is spearheading the development of social impact bonds (SIBs), a financial innovation designed to tackle some of the world’s most intractable social challenges. Alongside Sir Ronald Cohen (MBA 1969)...
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- 28 Jul 2009
- Research Event
Business Summit: Real Estate
next steps in real estate? This panel discussed the global real estate crisis, the future of securitization, and predictions for the future of the U.S. real estate market. After years of abundant capital and rising asset prices, the current View Details
- 13 Jul 2010
- First Look
First Look: July 13
foreign market share therefore increased five-fold between 1997 and 2007. We construct and analyze a panel of Mexican bank financial data covering this period and find no evidence that foreign entry...
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Martha Lagace
- February 2010
- Article
Global Currency Hedging
By: John Y. Campbell, Karine Serfaty-de Medeiros and Luis M. Viceira
Over the period 1975 to 2005, the US dollar (particularly in relation to the Canadian dollar) and the euro and Swiss franc (particularly in the second half of the period) have moved against world equity markets. Thus these currencies should be attractive to...
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Keywords:
Currency;
Equity;
Financial Markets;
International Finance;
Investment Return;
Globalized Markets and Industries;
Risk Management
Campbell, John Y., Karine Serfaty-de Medeiros, and Luis M. Viceira. "Global Currency Hedging." Journal of Finance 65, no. 1 (February 2010): 87–121.
Joseph D. Brenner
Brenner led AMP’s rapid growth as the world’s largest electrical device manufacturer while generating exceptional financial returns. Every year during his tenure, AMP was ranked as one of the Top 50 companies in terms of View Details
Keywords:
Computers & Electronics
- Web
Venetian Exchange Rate — New Directions – Baker Library | Bloomberg Center, Historical Collections
HBS Home HBS Index Contact Us Venetian Exchange Rate The merchants of the past, like their modern counterparts, required timely financial information to conduct their affairs profitably. Shown here is an issue of a Venetian exchange rate...
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Albert H. Gordon
Gordon, with the financial assistance of Stone and Webster, acquired the venerable investment firm in 1931 when it was on the brink of collapse. Gordon helped rebuild the firm by focusing on specific niche View Details
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Finance
Eugene R. Olson
Olson continued Deluxe’s market dominance in check printing while laying the foundation for its electronic diversification and expansion. He oversaw the acquisition of businesses that produce computer forms and emboss and encode plastic...
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Finance
- 17 Jun 2014
- First Look
First Look: June 17
Working Papers Putting Skin in the Game: Managerial Ownership and Bank Risk-Taking By: Bouwens, Jan, and Arnt Verriest Abstract—This paper examines the relation between managerial ownership and bank risk exposure for a large sample of international View Details
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Sean Silverthorne
- June 2010
- Teaching Note
Australia: The Riches and Challenges of Commodities (TN)
By: Laura Alfaro and Renee Kim
Teaching Note for 709007.
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