Debt Lending - Publications - Faculty & Research

April–May 2024
Article

Gone with the Big Data: Institutional Lender Demand for Private Information

I explore whether big-data sources can crowd out the value of private information acquired through lending relationships. Institutional lenders have been shown to exploit their access to borrowers’ private information by trading on it in financial markets. As a shock... View Details

Keywords: Analytics and Data Science; Borrowing and Debt; Financial Markets; Value; Knowledge Dissemination; Financing and Loans

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16 Sep 2014
First Look

First Look: September 16

shocks and crime is similar to the observed relationship between rainfall shocks and crime. Our results thus identify a causal effect of poverty on crime. They also lend credence to a large literature on the effects of weather shocks on... View Details

Keywords: Sean Silverthorne

27 Dec 2010
Research & Ideas

HBS Faculty on 2010’s Biggest Business Developments

didn't happen. Big companies with cash didn't spend it. Banks with cash didn't lend it. Small businesses didn't attract capital and thus didn't help reduce unemployment. Europeans were paralyzed by debt... View Details

Keywords: by Staff

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Behavioral Finance & Financial Stability

firms lever up, the overall cost of capital falls as leverage increases equity beta, but as debt becomes riskier the marginal benefit of increasing equity beta declines. They find that leverage is inversely related to asset beta,... View Details

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Global Impact of the Collapse | Baker Library | Bloomberg Center | Harvard Business School

issued to investors in Europe or Asia. Additionally, Lehman Brothers had been a major issuer of short-term debt in the form of commercial paper, and its collapse caused a credit freeze of this vital source of View Details

Research Summary

Overview

The overarching goal of my research is to produce works that are influential and informative to both academics and practitioners in the field of operations management. To accomplish this, I collaborate with industry partners who provide knowledge about their field,... View Details

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Finance - Faculty & Research

mechanism that amplifies interest rate volatility. I find strong support for these predictions in the time series of US government bond returns. 2014 Working Paper Financial Repression in the European Sovereign Debt Crisis By: Bo Becker... View Details

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Research - Behavioral Finance & Financial Stability

moving toward domestic debt as an alternative source of funding for the current Greek government. See Carmen’s other research work here and Christoph’s other research work here . Related Themes: Global Crisis & View Details

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Named Fellowship Funds - Alumni

director at Bear Stearns & Co. Previously he served as a commercial lending officer at Citibank, N.A. in its Real Estate Industries division. Mr. Jacobs holds a BA in economics from the University of Pennsylvania's Wharton School. Thomas... View Details

21 Nov 2022
Research & Ideas

Buy Now, Pay Later: How Retail's Hot Feature Hurts Low-Income Shoppers

the US Truth in Lending Act, so installment transactions don’t impact credit scores. This means that consumers who use such services might have more debt than is apparent, which may be a concern for... View Details

Keywords: by Rachel Layne; Retail; Financial Services; Technology

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Research - Private Capital Project

evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow... September 2023 Case Blackstone Credit and Delaware Basin Resources By: Victoria Ivashina and Alys Ferragamo 2023 Book Chapter... View Details

18 Apr 2023
Research & Ideas

What Happens When Banks Ditch Coal: The Impact Is 'More Than Anyone Thought'

Consumers who are eager to mitigate climate change can take many actions, such as reducing the number of airline flights they take or installing solar panels on their homes. But the planet is in a race against time, and individual action alone won’t help most countries... View Details

Keywords: by Barbara DeLollis; Financial Services; Mining

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Bankruptcy | Baker Library | Bloomberg Center | Harvard Business School

22, 2008. Barclays Group Archives. View as PDF Barclays Group. Press Release, September 22, 2008. Barclays Group Archives. View as PDF In the mortgage securitization process, a borrower takes out a loan from a lending institution. The... View Details

25 Oct 2020
Research & Ideas

The Dark Side of Fintech Borrowing

by consolidating some of their credit card debt saw a deterioration in those scores months down the line as they began to use their credit lines to consume more goods, from purchasing a car to buying everyday items, the researchers... View Details

Keywords: by Rachel Layne; Financial Services; Banking

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Buy Now, Pay Later: Introduction

Credits “A river of red ink runs through American history.” — Lendol Calder, Financing the American Dream (2000) There is a myth of a lost golden age of economic virtue. Once upon a time, the story goes, people lived within their means and borrowed only under the... View Details

22 Sep 2023
News

Capital Connection

Vernon Beckford (MBA 2013) saw the gap almost immediately. From the beginning of his career in commercial real estate finance—first at Credit Suisse and then later at CW Capital and Global Atlantic Financial Group—Beckford observed Wall Street’s obsession with... View Details

Keywords: Margie Kelley; Real Estate

16 Jul 2020
Research & Ideas

Restaurant Revolution: How the Industry Is Fighting to Stay Alive

and delivery only and the prospects for returning to full employment by June 30 were dim given the constraints imposed by capacity caps. "I have no idea what to do with the PPP loan that I’ve been approved for; I’m not sure I will take it.” The View Details

Keywords: by Michael S. Kaufman, Lena G. Goldberg, and Jill Avery; Food & Beverage

06 Nov 2008
Op-Ed

Selling Out The American Dream

Investment Act, which challenged redlining policies of local banks that set higher hurdles for home-ownership among minorities. But it ended with the recent $5.2 trillion guarantee of Fannie Mae and Freddie Mac assets after these quasi-government housing agencies... View Details

Keywords: by John Quelch

28 May 2020
Research & Ideas

Coronavirus Could Create a 'Bankruptcy Pandemic'

Lyondell’s DIP financing, existing lenders were also incentivized to lend additional money to the company by letting them convert (“roll up”) a dollar of their existing debt into the new senior DIP loan,... View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

21 May 2015
Blog Post

3 Ways to Fund Your HBS MBA

out FinAid and Fastweb, both of which have extensive scholarship directories. You can receive up to $10,000 per year in external funding before HBS adjusts the amount of your need-based fellowship. Loans A certain level of educational View Details

Publications