Filter Results:
(1,522)
Show Results For
- All HBS Web
(1,522)
- People (1)
- News (228)
- Research (1,105)
- Events (3)
- Multimedia (2)
- Faculty Publications (420)
Show Results For
- All HBS Web
(1,522)
- People (1)
- News (228)
- Research (1,105)
- Events (3)
- Multimedia (2)
- Faculty Publications (420)
- 01 Mar 2010
- News
Rx for Too Big to Fail
there is a real risk of oversimplifying the problem. If tough rhetoric becomes a substitute for tough regulation, we will — tragically — miss our best shot at a financially stable future. There are plenty of good reasons to crack down on... View Details
- August 2021
- Article
Don't Take Their Word for It: The Misclassification of Bond Mutual Funds
By: Huaizhi Chen, Lauren Cohen and Umit Gurun
We provide evidence that bond fund managers misclassify their holdings, and that these misclassifications have a real and significant impact on investor capital flows. In particular, many funds report more investment grade assets than are actually held in their... View Details
Keywords: Mutual Funds; Economics; Finance; Measurement and Metrics; Risk and Uncertainty; Financial Services Industry
Chen, Huaizhi, Lauren Cohen, and Umit Gurun. "Don't Take Their Word for It: The Misclassification of Bond Mutual Funds." Journal of Finance 76, no. 4 (August 2021): 1699–1730. (Winner of the Best Paper Prize at the University of Cambridge Consortium on Asset Management, 2020; Winner of the Financial Management Association Best Paper Prize in Quantitative Investments, 2020.)
- 2007
- Other Unpublished Work
A Private Sector without Prerequisites: Ordered Uncertainty in Vietnam and China
By: Regina M. Abrami
- 01 Mar 2009
- News
Damon Silvers
congressional bailout than Wall Street? No. The reason Congress voted in October to allot $700 billion for financial institutions was the risk that multiple bankruptcies would place the economy in jeopardy. Let’s apply that reasoning to... View Details
- 15 Mar 2010
- HBS Case
Developing Asia’s Largest Slum
and improved services in the same area. Written with the assistance of Namrata Arora, a research associate at the HBS India Research Center, the case considers the potential risks and rewards of approaching an area like Dharavi with a new... View Details
- 01 Mar 2018
- What Do You Think?
Two Decades Later, is the 'New Economy' Finally Here?
kinwun Summing Up: What are the Earmarks of a “New Economy?” Responses to this month’s column rightly focused on the need for measures and standards before deciding whether we are entering an era of social and economic change as... View Details
Keywords: by James Heskett
- 01 Jun 2009
- News
Setting the Legislative Agenda
shadow financial system. Create a new system for federal and state regulation of mortgages and other consumer credit products. Create executive pay structures that discourage excessive risk taking. Reform the credit rating system. Make... View Details
- 03 Oct 2013
- Research & Ideas
Lehman Brothers Plus Five: Have We Learned from Our Mistakes?
is yes. The safety of the financial system depends on financial institutions' risk exposure, their ability to absorb losses, their reliance on short-term wholesale funding, transparency, and understanding the interconnectedness between... View Details
- 08 May 2015
- News
A new view of the cost of equity and capital requirements for banks
lending rates and economic activity. Prevailing economic theory holds that the cost-of-capital effect is negligible in an ideal market. Malcolm P. Baker, the Robert G. Kirby Professor of Business... View Details
- 29 Aug 2024
- Research & Ideas
Shoot for the Stars: What to Know About the Space Economy
A new space race—one fueled more by commercial conquest than intergalactic domination—is charting solutions to pressing problems in national security, climate change, and communication. With costs poised to drop and innovation on the rise, the View Details
- 22 Sep 2014
- Op-Ed
Online Banks Fill Funding Needs for Small Business
access capital” Historically, this segment of the market has been small compared to the $700 billion in small business bank credit assets. But since the onset of the financial crisis, and particularly during the economic recovery, there... View Details
- 12 Oct 1999
- Research & Ideas
The Intellectual Underpinnings of Entrepreneurial Management
of entrepreneurs was to bear risk, Cantillon focused his attention on the economic functions of entrepreneurship—a focus that was to hold sway until very recently. In various economic approaches to... View Details
- 22 Jul 2002
- Research & Ideas
How Business Strategy Tamed the “Invisible Hand”
devised, which paved the way for the use of quantitative analysis in formal strategic planning. In 1944, John von Neumann and Oskar Morgenstern published their classic work, The Theory of Games and Economic Behavior. This work essentially... View Details
Keywords: by Pankaj Ghemawat
- 01 Aug 2018
- What Do You Think?
Are Free Trade and Free Markets Quaint Ideas From the Past?
reality into the discussion by commenting that free trade and free markets, as described by economists in their theories, are both a delusion. “Trade today is pretty much an evil mixture of economics and politics, and markets are often... View Details
Keywords: by James Heskett
- 07 Sep 2019
- Op-Ed
Even for Non-Believers, These Are the Next Steps on Climate Change
We can’t know what will happen, but we have a good sense for what might or could happen. Don’t wait for the one moment of indisputable truth to emerge; act on the odds presented in the information available today in sea rise curves, flood maps, and View Details
Keywords: by John Macomber
- 29 Apr 2013
- Research & Ideas
Are First-Time Buyers Left Out of Real Estate’s Rebound?
The United States housing market is no longer the boat anchor dragging down economic growth. Data from the S&P/Case-Shiller Home Price Indices show that average home prices in an assortment of American cities have been on the upswing,... View Details
- July 1997
- Case
Treasury Inflation-Protection Securities (TIPS)
Explores the development of a new product offering based on the first issuance of "real" bonds in the United States. Looks at a specific organization's efforts to position itself to profit from this market development. Follows naturally from a case on nominal bonds. View Details
Das, Sanjiv R., and Jeffrey T. Slovin. "Treasury Inflation-Protection Securities (TIPS)." Harvard Business School Case 298-017, July 1997.
- 01 Jun 2016
- News
Alumni and Faculty Books for June 2016
resolve the many challenges facing today’s private and public sector organizations. They offer insights into specific risk domains that are shaping our world, including terrorism, cyber risk, climate change, and View Details
- 10 Aug 2011
- Research & Ideas
HBS Faculty Views on Debt Crisis
and take risks on hiring. The US economy was already slowing, and this downgrade is likely to reinforce that trend. Unfortunately, slower growth makes deleveraging dramatically more difficult. Reducing debt results in deleveraging only if... View Details
Keywords: by Staff
- Web
Global Trade, Capital and National Institutions - Course Catalog
foster growing concern against globalization in certain segments of the population in various countries. After decades of increasing global economic integration, the world faces the risk of fragmentation.... View Details