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- Faculty Publications (38)
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- All HBS Web (87)
- Faculty Publications (38)
- May 2011
- Article
Institutional Stock Trading on Loan Market Information
By: Victoria Ivashina and Zheng Sun
Over the past decade, one of the most important developments in the corporate loan market has been the increasing participation of institutional investors in lending syndicates. As lenders, institutional investors routinely receive private information about borrowers....
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Ivashina, Victoria, and Zheng Sun. "Institutional Stock Trading on Loan Market Information ." Journal of Financial Economics 100, no. 2 (May 2011): 284–303.
- Web
Understanding Entrepreneurial Opportunity in Kazakhstan - Global Activities 2020
investors in London and New York? Kaspi.kz’s business model is one that is unlikely to have developed elsewhere, says Victoria Ivashina, the Lovett-Learned Professor of Finance View Details
- April 2020
- Supplement
Oaktree: Pierre Foods Investment
By: Victoria Ivashina and Terrence Shu
This case is a setting to discuss “loan to own” investment strategy that is often pursued by distressed investors. The aftermath of the 2007 financial crisis left many companies with poor liquidity and limited ability to obtain credit. One of these companies was Pierre...
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- January 2019
- Article
Pay Now or Pay Later? The Economics within the Private Equity Partnership
By: Victoria Ivashina and Josh Lerner
The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain unclear. We examine 717 private equity partnerships and show that (a) the...
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Keywords:
Partnerships;
Leveraged Buyout;
Partners and Partnerships;
Private Equity;
Venture Capital;
Leveraged Buyouts
Ivashina, Victoria, and Josh Lerner. "Pay Now or Pay Later? The Economics within the Private Equity Partnership." Journal of Financial Economics 131, no. 1 (January 2019): 61–87.
- Web
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
- Web
2021 Virtual Presentations - Alumni
Welcome Address Dean Srikant Datar: Welcome Address Video Recording Faculty Presentations Investment Strategies Post-Pandemic Professors Malcolm Baker and Victoria Ivashina...
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- Web
Student Research - Doctoral
G. Hanson Finance 1 results Robert S. Huckman Technology and Operations Management 2 results Victoria Ivashina Finance 1 results Jon M. Jachimowicz Organizational Behavior 3...
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- August 2019
- Case
Subscription Lines Dilemma
By: Victoria Ivashina and Terrence Shu
This case follows a fictional managing partner of a private equity firm, as she contemplates whether to utilize subscription lines of credit in her firm’s funds. Subscription lines are revolving lines of credit secured by commitments from a fund’s investors. Private...
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Ivashina, Victoria, and Terrence Shu. "Subscription Lines Dilemma." Harvard Business School Case 220-025, August 2019.
- 19 Apr 2016
- First Look
April 19, 2016
link: https://www.hbs.edu/faculty/Pages/item.aspx?num=50837 Covenant-Light Contracts and Creditor Coordination By: Becker, Bo, and Victoria View Details
Keywords:
Sean Silverthorne
- June 2010 (Revised November 2013)
- Case
Momentive Performance Materials, Inc.
By: Victoria Ivashina and David Scharfstein
After nearly violating its loan covenants in 2009, Momentive Performance Materials, backed by its financial sponsor Apollo Global Management, took a variety of actions to restructure its debt. The restructuring steps included an open market repurchase of publicly held...
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Ivashina, Victoria, and David Scharfstein. "Momentive Performance Materials, Inc." Harvard Business School Case 210-081, June 2010. (Revised November 2013.)
- 02 May 2017
- First Look
First Look at New Research: May 2, 2017
patent boosts a start-up’s subsequent growth and innovation by facilitating access to funding from VCs, banks, and public investors. Download working paper:...
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Keywords:
Carmen Nobel
- June 2023
- Article
Why Is Dollar Debt Cheaper? Evidence from Peru
By: Bryan Gutiérrez, Victoria Ivashina and Juliana Salomao
In emerging markets, a significant share of corporate loans are denominated in dollars. Using novel data that enables us to see currency and the cost of credit, in addition to several other transaction-level characteristics, we re-examine the reasons behind dollar...
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Keywords:
Emerging Market Corporate Debt;
Currency Mismatch;
Liability Dollarization;
Carry Trade;
Currency;
Emerging Markets;
Borrowing and Debt;
Interest Rates;
Peru
Gutiérrez, Bryan, Victoria Ivashina, and Juliana Salomao. "Why Is Dollar Debt Cheaper? Evidence from Peru." Journal of Financial Economics 148, no. 3 (June 2023): 245–272.
- 20 Sep 2011
- First Look
First Look: September 20
innovation in clusters should account for these links. Securitization without Adverse Selection: The Case of CLOs Authors:Effi Benmelech, Jennifer Dlugosz, and Victoria View Details
Keywords:
Sean Silverthorne
- Web
Global Activities 2020
Fellowship (GO: Africa), are working to encourage and scale businesses on the continent from their base in Ghana. Asia Pacific HBS Engagement Across the RegionThe Harvard Shanghai Center and HBS Asia-Pacific...
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- 2012
- Working Paper
Reaching for Yield in the Bond Market
By: Bo Becker and Victoria Ivashina
Reaching-for-yield—the propensity to buy riskier assets in order to achieve higher yields—is believed to be an important factor contributing to the credit cycle. This paper analyses this phenomenon in the corporate bond market. Specifically, we show evidence for...
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Keywords:
Fixed Income;
Reaching For Yield;
Financial Intermediation;
Insurance Companies;
Insurance;
Bonds;
Assets;
Risk Management;
Investment Return;
Investment Portfolio;
Insurance Industry
Becker, Bo, and Victoria Ivashina. "Reaching for Yield in the Bond Market." Harvard Business School Working Paper, No. 12-103, May 2012. (Revised December 2012. NBER Working Paper Series, No. 18909, March 2013)
- 26 Mar 2013
- First Look
First Look: March 26
persists as the biggest threat to private minority shareholders in these firms. Book: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2217627 Working Papers Reaching for Yield in the Bond Market By: Becker, Bo, and View Details
Keywords:
Sean Silverthorne
- 07 Sep 2011
- First Look
First Look: Sept. 7
http://www.hbs.edu/research/pdf/10-060.pdf Cyclicality of Credit Supply: Firm Level Evidence Authors:Bo Becker and Victoria Ivashina Abstract Theory predicts that there is a...
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Keywords:
Sean Silverthorne
- 14 Sep 2010
- First Look
First Look: September 14, 2010
had received? What was possible? Looking back, how should the company's restructuring be assessed? Purchase this case:http://cb.hbsp.harvard.edu/cb/product/809165-PDF-ENG Momentive Performance Materials, Inc. Victoria View Details
Keywords:
Sean Silverthorne
- 15 Oct 2019
- News
Innovative Thinking Fuels Nascent Startup Scene
for entrepreneurship are there,” says Victoria Ivashina, the Lovett- Learned Professor of Finance, who studies the MENA region and serves as faculty chair of the School’s Middle East View Details
- Web
Annual Report 2020 - Annual Report 2020
Edmondson & Dutch Leonard COVID-19, Global Markets & Global Macroeconomic Policy Responses A Two-Part Series, 14 & 17 APR Financial Markets and the Fed in the COVID-19 Pandemic Robin Greenwood, Victoria...
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