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- Faculty Publications (5)
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- All HBS Web (22)
- Faculty Publications (5)
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- 02 Aug 2016
- Working Paper Summaries
Financial Regulation in a Quantitative Model of the Modern Banking System
- 13 Jun 2016
- Working Paper Summaries
Firm Selection and Corporate Cash Holdings
Keywords: by Juliane Begenau and Berardino Palazzo
- 27 Mar 2015
- Working Paper Summaries
Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model
- 21 Aug 2015
- Working Paper Summaries
Banks’ Risk Exposures
- Working Paper Summaries
How do Private Equity Fees Vary Across Public Pensions?
- 29 Jan 2018
- Working Paper Summaries
Do Banks Have an Edge?
- 14 Jul 2015
- News
Clawbacks, Buybacks and Bankruptcy
- 2017
- Working Paper
Firm Selection and Corporate Cash Holdings
By: Juliane Begenau and Berardino Palazzo
Among stock market entrants, more firms over time are R&D intensive with initially lower profitability but higher growth potential. This sample-selection effect determines the secular trend in U.S. public firms’ cash holdings. A stylized firm industry model allows us... View Details
Keywords: Initial Public Offering; Market Entry and Exit; Supply and Industry; Research and Development
Begenau, Juliane, and Berardino Palazzo. "Firm Selection and Corporate Cash Holdings." NBER Working Paper Series, No. 23249, March 2017. (Revised February 2017. Harvard Business School Working Paper, No. 16-130, May 2016)
- 2016
- Working Paper
Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model
By: Juliane Begenau
This paper develops a quantitative dynamic general equilibrium model in which households' preferences for safe and liquid assets constitute a violation of Modigliani and Miller. I show that the scarcity of these coveted assets created by increased bank capital... View Details
Keywords: Capital Requirement; Bank Regulation; Demand For Safe Assets; Business Cycles; Bank Lending; Risk Management; Financial Liquidity; Financing and Loans; Capital; Banks and Banking
Begenau, Juliane. "Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model." Working Paper. (Revised September 2016.)
- 2016
- Working Paper
Financial Regulation in a Quantitative Model of the Modern Banking System
By: Juliane Begenau and Tim Landvoigt
How does the shadow banking system respond to changes in the capital regulation of commercial banks? This paper builds a quantitative general equilibrium model with commercial banks and shadow banks to study the unintended consequences of capital requirements. A key... View Details
Begenau, Juliane, and Tim Landvoigt. "Financial Regulation in a Quantitative Model of the Modern Banking System." Harvard Business School Working Paper, No. 16-140, June 2016. (Revised July 2016.)
- 2019
- Working Paper
Do Banks Have an Edge?
By: Juliane Begenau and Erik Stafford
Overall, no! We show that the level and time series variation in cash flows for most bank activities are well matched by capital market portfolios with similar interest rate and credit risk to what banks report to hold. Ignoring operating expenses, bank loans earn high... View Details
Keywords: Banks; Market Efficiency; Bank Capital; Bank Debt; CAPM; Banking; Bank Deposits; Bank Funding Advantage; Leverage; Maturity Transformation; Replicating Portfolio; Efficiency; Banks and Banking; Capital Markets; Performance Evaluation; Performance Efficiency; Banking Industry; United States
Begenau, Juliane, and Erik Stafford. "Do Banks Have an Edge?" Harvard Business School Working Paper, No. 18-060, January 2018. (Revised October 2019.)
- Web
Behavioral Finance & Financial Stability
clients. See Marco’s other research here , Francesco’s other research here , and Amir’s other research here . More Info Do Banks have an Edge? By: Juliane Begenau & Erik... View Details
- Web
Connect with Clubs - Recruiting
Hire Talent Connect with Clubs Hire Talent Connect with Clubs Partner with a HBS Student Club Reach targeted groups of students by connecting with over 50 career-related student clubs. Work with club leaders to sponsor events, advertise... View Details
- Web
Named Fellowship Funds - Alumni
Rogers, and will support students experiencing hardship before or during their time at HBS. Julian's early years were significantly impacted by the loss of his father in 1918, when View Details
- Web
Marketing Awards & Honors - Faculty & Research
of Cross-Channel Elasticities over Time” ( Journal of Marketing , 2012) with Thomas Steenburgh, John Deighton, and Mary Caravella. Julian De Freitas : Recipient of an Anderson Fund Grant from Harvard... View Details
- 02 Aug 2016
- First Look
August 2, 2016
same behaviors described as “random behaviors.” Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51401 Financial Regulation in a Quantitative Model of the Modern Banking System By: Begenau, Juliane, and View Details
Keywords: Sean Silverthorne
- Web
Research - Behavioral Finance & Financial Stability
Juliane Begenau & Erik Stafford NOV 2019 By decomposing bank activities into passive and active components and... View Details
- 12 Jul 2016
- First Look
July 12, 2016
Case 816-005, "Bigbelly," by Mitchell Weiss and Christine Snively. This case is an example of public entrepreneurship. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51306 Financial... View Details
Keywords: Sean Silverthorne
- Web
2022 Reunion Presentations - Alumni
Professor Laura Alfaro + More Info – Less Info Fueled by a series of recent political events and actors, anti-globalization has been growing. From the rise of political platforms pinning blame on openness to... View Details