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  • 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
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  • November – December 2008
  • Article

Chief Risk Officers at Crunch Time: Compliance Champions or Business Partners?

By: Anette Mikes

Risk management departments in financial institutions have been undergoing major transformations. New regulatory requirements have raised the bar on compliance, and expanded the remit of risk management significantly. The compliance imperative requires banks to... View Details

Keywords: Banks and Banking; Corporate Governance; Governance Compliance; Governing Rules, Regulations, and Reforms; Managerial Roles; Risk Management; Partners and Partnerships
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  • 14 Mar 2011
  • Research & Ideas

Keeping Credit Flowing to Consumers in Need

The credit crunch and subsequent collapse of the nonprime mortgage market claimed many victims, including hundreds of thousands of low- and moderate-income Americans who lost their homes and savings. Today,... View Details
Keywords: by Sean Silverthorne; Financial Services; Construction; Real Estate
  • Fast Answer

Securitization process and credit rating agencies

Credit Crunch : a Best Practice Deal Lifecycle Guide.  The Rise and Fall of the U.S. Mortgage and Credit Markets  Stacks LC Books HG2040.5.U5 R57 2009 Primers... View Details
  • 23 Jan 2023
  • Research & Ideas

After High-Profile Failures, Can Investors Still Trust Credit Ratings?

answers the question, ‘Should we continue to rely on ratings, given all the times that ratings have been shown not to be correct?” Harvard Business School assistant professor Anywhere Sikochi and colleagues crunched thousands of ratings... View Details
Keywords: by Ben Rand
  • 23 Sep 2012
  • News

Flotation market sails on choppy waters

  • 06 Feb 2009
  • News

Keynes can't help us now

  • March 2011 (Revised July 2011)
  • Case

Vestas' World of Wind

By: Thomas J. Steenburgh and Elena Corsi
The wind turbine manufacturer Vestas launched the industry's first highly localized and customized new product launch campaigns which used also new tools such as web 2.0 platforms. Used to operate in a market where demand exceeded supply, Vestas had lost contact with... View Details
Keywords: Customer Focus and Relationships; Marketing Channels; Internet and the Web; Product Launch; Demand and Consumers; Advertising Campaigns; Global Strategy; Customization and Personalization; Business and Stakeholder Relations; Finance; Product Marketing; Technology Adoption; Energy Industry
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  • April 2009 (Revised January 2011)
  • Case

Gucci Group: Freedom within the Framework

By: Francisco de Asis Martinez-Jerez, Elena Corsi and Vincent Marie Dessain
Gucci Group's CEO had to decide if his decentralized management style was the most effective philosophy in an economic downturn. The sharing of customer information across units and its use in the creative process are key initiatives analyzed in the case. CEO Robert... View Details
Keywords: Customer Relationship Management; Decision Choices and Conditions; Globalized Firms and Management; Knowledge Sharing; Leadership; Management Style; Management Systems; Brands and Branding; Apparel and Accessories Industry
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  • 01 Feb 2002
  • News

It's academic. (Not!)

If your idea of a Ph.D. in business conjures up visions of spectacled scholars toiling in solitude in the library's darkest, dustiest corners, think again. At HBS, students in the School's Doctoral Programs are doing much more than theorizing and View Details
Keywords: Colleges, Universities, and Professional Schools; Educational Services
  • 12 Sep 2007
  • Op-Ed

Building Sandcastles: The Subprime Adventure

"bailout"—an understandable conundrum, since government is sailing between Scylla and Charybdis as it plots "solutions." Tighter credit will eliminate the shakiest loans, but will shut off many credit-impaired... View Details
Keywords: by Nicolas P. Retsinas; Banking; Construction; Real Estate
  • 01 Dec 2015
  • First Look

December 1, 2015

the value of long-term relative to short-term investments. Empirically, we can, therefore, compare the reduction of long-term relative to short-term investments within firms, allowing for firm-times-year fixed effects. Using Spanish firm level data, we estimate the... View Details
Keywords: Sean Silverthorne
  • 06 Dec 2011
  • Op-Ed

Greater Fiscal Integration Best Solution for Euro Crisis

increase in borrowing cost, paralleling that of their respective sovereigns, while their collateral is decreasing in value. Since the amount of leverage in the system is still high, equity valuations and capital ratios are squeezed. The result is both a weak financial... View Details
Keywords: by Dante Roscini
  • Person Page

Media

Media

This lists media reports covering my firm dollarDEX Investments or me (or my colleagues), or columns written by me (or my colleagues). There are all... View Details

  • 19 May 2003
  • Lessons from the Classroom

Business Plan Winner Targets India Dropouts

any initiative to empower the poor and the equally critical importance of available credit to allow poorer families to invest in their future. Despite the plethora of education-related activities and the rapidly growing success stories in... View Details
Keywords: by Carla Tishler; Financial Services
  • Profile

Dana Hoffmann

and section mate Jillian Kirk, to find answers to a long list of questions such as “Why does it take so long to find a rental? Why do you have to fill out multiple applications? Why is the moving process so painful? Why can’t you pay your rent with a View Details
  • 24 Aug 2017
  • News

Unlocking Potential

as a business student at nearby Brigham Young University, pursing a degree in organizational behavior. The original plan was to go into accountancy, but a finance internship was enough to convince her that just crunching numbers wasn’t... View Details
Keywords: Ralph Ranalli; Community Partners; Legal Services; Professional Services
  • 01 Mar 2009
  • News

Buddy, Can You Spare a Trillion

seize up, and that the interest rates charged to issuers of short-term commercial paper and corporate bonds would leap upwards, leading to a painful squeeze for all kinds of private-sector borrowers. Not many people foresaw that this View Details
Keywords: Finance; Publishing Industries (except Internet); Information
  • 22 Feb 2022
  • Research & Ideas

When Will the Hot Housing Market Finally Start to Cool?

Harvard Gazette spoke with Nori Gerardo Lietz, a senior lecturer who teaches real estate private equity at Harvard Business School, about what’s going on and whether rising interest rates may offer some relief. The interview has been edited for clarity and length.... View Details
Keywords: by Christine Pazzanese, Harvard Gazette
  • 23 Dec 2008
  • First Look

First Look: December 23, 2008

alliance partners. Chief Risk Officers at Crunch Time: Compliance Champions or Business Partners? Author:Anette Mikes Publication:Journal of Risk Management in Financial Institutions 2, no. 1 (November-December 2008) Abstract Risk... View Details
Keywords: Martha Lagace