Credit Squeeze - Publications - Faculty & Research

Article

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

By: Luis Garicano and Claudia Steinwender

We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore compare the reduction of long-term relative to... View Details

Keywords: Credit Constraints; Credit Crunch; Spain; Investment Behavior; Credit Squeeze; Financial Crisis; Economic Growth; Investment; Credit; Manufacturing Industry; Spain; European Union

Citation

Find at Harvard

13 Jun 2012
HBS Case

HBS Cases: A Startup Takes On the Credit Ratings Giants

For most of the 20th century, three bond ratings agencies—Moody's, Fitch, and Standard & Poor's—dominated the credit ratings industry, recently controlling 97 percent of the market. But the status quo was disrupted by the 2008 global... View Details

Keywords: by Maggie Starvish; Banking; Financial Services

01 Nov 2022
Research & Ideas

A Penny for Your Thoughts? For Big-Picture Ideas, the Right Pay Structure Matters

consider some different incentives, Gallani says. The manufacturer in the study rewarded employees for their ideas with fairly small monetary awards. Increasing the size of the award—whether it’s more money or some other benefit—could help increase participation, she... View Details

Keywords: by Scott Van Voorhis

15 Jan 2019
First Look

New Research and Ideas, January 15, 2019

retail channel made up of thousands of small neighborhood shops called bakalas. In October 2018, all three of these focal points were under pressure. Under the economic-restructuring programs of Saudi Arabia’s new crown prince, Mohammed bin Salman, new taxes and... View Details

Keywords: Dina Gerdeman

08 Oct 2012
Research & Ideas

The Immigrants Who Built America’s Financial System

these foreigners were to the nation's survival. While Washington, Jefferson, and Madison enjoy most of the credit for the country's establishment and early governance, McCraw reveals the lesser-known but equally compelling stories of the... View Details

Keywords: by Julia Hanna; Financial Services; Banking

17 Apr 2017
HBS Case

This Turkish Debt Collector Is Customer-friendly

NPLs—including mortgages, credit cards, and car loans on which customers had defaulted. “At a certain point, it becomes clear to banks that they can’t collect without a lot of effort, so their choice is to write the loan off completely,... View Details

Keywords: by Michael Blanding; Financial Services

10 Sep 2014
Research & Ideas

Become a Value Creator

can focus on that, it is the way to win." One way to be a good value creator: give coworkers credit where credit is due. The need to appear smart can lead managers to cast blame on others for missteps... View Details

Keywords: by Dina Gerdeman

24 Feb 2014
Research & Ideas

Busting Six Myths About Customer Loyalty Programs

markets is a sector notorious for its lack of differentiation between players. Once location has played out its magic, retailers tend to get squeezed in a business characterized by the infernal duo of low margin and high fixed cost. In... View Details

Keywords: by Marcel Corstjens & Rajiv Lal; Retail; Consumer Products

Publications