Winner of the 2019 European Finance Association (EFA) Best Conference Paper Prize for "Regulatory Limits to Risk Management."
Ishita Sen
Assistant Professor of Business Administration
Assistant Professor of Business Administration
Finance
Winner of the 2020 Jack Treynor Prize from the Institute for Quantitative Research in Finance for "Regulatory Limits to Risk Management."
Received an INQUIRE Europe Research Grant in 2021.
Received a 2021 Research Fellowship from the Center for Insurance Policy Research at the National Association of Insurance Commissioners.
Winner of the 2022 European Finance Association Best Paper Prize in Responsible Finance for "Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies" with Sangmin Oh and Ana-Maria Tenekedijieva.
Winner of the 2023 E-Axes Forum Best Paper Prize in Macroeconomic Policies and Sustainability for "Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies" with Sangmin Oh and Ana-Maria Tenekedijieva.
Winner of the 2024 Rising Scholar Award from The Review of Financial Studies for "Regulatory Limits to Risk Management" (June 2023).
Received an INQUIRE Europe Research Grant in 2024 for “The Market for Sharing Interest Rate Risk: Quantities and Asset Prices” with Umang Khetan, Jane Li, and Ioana Neamtu.
Ishita Sen is an assistant professor of business administration in the Finance Unit. She teaches the Finance I course in the MBA required curriculum. Professor Sen’s research focuses on financial intermediation, asset pricing, and insurance markets. In her current research, she studies how inconsistencies in regulation restrict risk management, how capital regulation affects the insurance product market, and more recently, the agency problems associated with the use of internal models for asset valuation. Professor Sen holds a PhD in Finance from the London Business School.
- JOURNAL ARTICLES
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- Sen, Ishita. "Regulatory Limits to Risk Management." Review of Financial Studies 36, no. 6 (June 2023): 2175–2223. View Details
- WORKING PAPERS
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- Sen, Ishita, Lorenzo Bretscher, Lukas Schmid, and Varun Sharma. "Institutional Corporate Bond Pricing." Working Paper, December 2020. (Revised January 2022. Revise and Resubmit, Review of Financial Studies.) View Details
- Sen, Ishita, Ana-Maria Tenekedjieva, and Sangmin Oh. "Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies." Harvard Business School Working Paper, No. 24-077, June 2024. (Revise and Resubmit, Journal of Finance. SSRN Working Paper Series, No. 3762235, June 2022) View Details
- Sastry, Pari, Ishita Sen, and Ana-Maria Tenekedjieva. "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets." Harvard Business School Working Paper, No. 24-051, February 2024. (SSRN Working Paper Series, No. 4674279, December 2023.) View Details
- Khetan, Umang, Jane Li, Ioana Neamtu, and Ishita Sen. "The Market for Sharing Interest Rate Risk: Quantities and Asset Prices." Harvard Business School Working Paper, No. 24-052, February 2024. View Details
- Sen, Ishita, and Varun Sharma. "Internal Models, Make Believe Prices, and Bond Market Cornering." Working Paper, June 2020. View Details
- Sen, Ishita, and David Humphry. "Capital Regulation and Product Market Outcomes." Working Paper, January 2020. View Details
- CASES AND TEACHING MATERIALS
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- Sen, Ishita, Emil Nuwan Siriwardane, David S. Scharfstein, and Luis M. Viceira. "The Silicon Valley Bank Crisis: MAPFRE USA's Investment in SVB Financial Group Bonds." Harvard Business School Case 224-056, May 2024. (Revised July 2024.) View Details
- Baker, Malcolm, Ishita Sen, and Jonathan Wallen. "Dicerna." Harvard Business School Case 223-049, November 2022. (Revised May 2023.) View Details
- Scharfstein, David S., Ishita Sen, and Dean Xu. "Next Insurance: Considering New Markets." Harvard Business School Case 221-090, April 2021. (Revised April 2022.) View Details
- Other Publications and Materials
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- Sen, Ishita. "Budget Committee Testimony on Riskier Business: How Climate Is Already Challenging Insurance Markets." Government Testimony, United States Senate, Committee on the Budget, June 2024. View Details
- Sen, Ishita. "Congressional Statement for the Record, Hearing on Factors Influencing the High Cost of Insurance for Consumers." Government Testimony, U.S. House of Representatives, Committee on Financial Services, Subcommittee on Housing and Insurance, November 2023. View Details
- Awards & Honors
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Winner of the 2019 European Finance Association (EFA) Best Conference Paper Prize for "Regulatory Limits to Risk Management."Winner of the 2020 Jack Treynor Prize from the Institute for Quantitative Research in Finance for "Regulatory Limits to Risk Management."Received an INQUIRE Europe Research Grant in 2021.Received a 2021 Research Fellowship from the Center for Insurance Policy Research at the National Association of Insurance Commissioners.Winner of the 2022 European Finance Association Best Paper Prize in Responsible Finance for "Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies" with Sangmin Oh and Ana-Maria Tenekedijieva.Winner of the 2023 E-Axes Forum Best Paper Prize in Macroeconomic Policies and Sustainability for "Pricing of Climate Risk Insurance: Regulation and Cross-Subsidies" with Sangmin Oh and Ana-Maria Tenekedijieva.Winner of the 2024 Rising Scholar Award from The Review of Financial Studies for "Regulatory Limits to Risk Management" (June 2023).Received an INQUIRE Europe Research Grant in 2024 for “The Market for Sharing Interest Rate Risk: Quantities and Asset Prices” with Umang Khetan, Jane Li, and Ioana Neamtu.
- Additional Information
- Areas of Interest