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  • 2021
  • Working Paper

Limits to Bank Deposit Market Power

By: Juliane Begenau and Erik Stafford
Claims about the market power of bank deposits in the banking literature are numerous and far reaching. Recently, a causal narrative has emerged in the banking literature: market power in bank deposits, measured as imperfect pass-through of short-term market rates on... View Details
Keywords: Bank Deposits; Market Power; Net Interest Margin (NIM); Banks and Banking; Interest Rates; Risk and Uncertainty
Related
  • February 1997 (Revised April 1997)
  • Case

Harrington Financial Group

By: Robert C. Merton and Alberto Moel
In early 1997, Harrington Bank, a small Indiana savings and loan (thrift) wondered what its next move should be. Harrington was acquired in 1988 by the principals of Smith Breeden Associates, a money-management and consulting firm specializing in the application of... View Details
Keywords: Banks and Banking; Mergers and Acquisitions; Price; Risk Management; Mortgages; Contracts; Asset Management; Investment; Financial Services Industry
Related
  • 14 Mar 2023
  • In Practice

What Does the Failure of Silicon Valley Bank Say About the State of Finance?

bank earnings or cash flows are relatively insensitive to changes in interest rates. Additionally, the stability of net interest margin (interest... View Details
Keywords: by Dina Gerdeman; Financial Services; Banking
  • 24 Mar 2008
  • Research & Ideas

Reducing Risk with Online Advertising

a buddy to do so. The second area of fraud—in some ways even more interesting to me—is online affiliate programs. The word "affiliate" simply means that the ultimate advertiser, the merchant, thinks of himself as being at arm's... View Details
Keywords: by Martha Lagace; Video Game; Web Services
  • 10 Mar 2009
  • First Look

First Look: March 10, 2009

boost earnings to meet earnings benchmarks. We estimate that marketing actions can be used to boost quarterly net income by up to 5% depending on the depth and duration of promotion. However, there is a price to pay, with the cost in the... View Details
Keywords: Martha Lagace
  • 25 Nov 2014
  • First Look

First Look: November 25

shape when and how public agencies implement policies effectively on behalf of marginalized citizens. November 2014 Antitrust Law Journal Are Patents Creative or Destructive? By: Nicholas, Tom Abstract—Current debate over patent... View Details
Keywords: Carmen Nobel
  • Web

Banking System - Behavioral Finance & Financial Stability

Income The net interest margin (NIM) peaked prior to the financial crisis and has been steadily increasing in recent years. NIM is defined as... View Details
  • Web

Finance - Faculty & Research

of the revenue generated by the transfer tax. The net revenue loss is larger for high-value and commercial properties. About the Unit Our strategy is to assemble and nurture a faculty whose interests and... View Details
  • 31 Mar 2009
  • First Look

First Look: March 31, 2009

billion at the end of 2007. Lan is at an interesting point in history as the low-cost model was recently implemented. While early results have been strong, observers wonder if the airline can successfully manage three disparate business... View Details
Keywords: Martha Lagace
  • 01 Jan 2007
  • News

Jaime Augusto Zobel de Ayala, MBA 1987

family to lead the company, Zobel inherited a legacy of prudent management that preserved Ayala's interests through times of revolution, colonial rule, dictatorships, and war—not to mention earthquakes and volcanoes. Established in 1834... View Details
  • Web

Finance - Faculty & Research

in MBS duration function as large-scale shocks to the quantity of interest rate risk that must be borne by professional bond investors. I develop a simple model in which the risk tolerance of bond investors is limited in the short run, so... View Details
  • Web

Financial Accounting Online Course | HBS Online

performance using profitability, efficiency, leverage, and other ratios. Highlights Profit Margin Cash Conversion Cycle Show Hide Details Concepts Profitability Efficiency Leverage Other Ratios Impact of Policy Differences Featured... View Details
  • 30 Oct 2007
  • First Look

First Look: October 30, 2007

in the multi-agent settings in which these decisions typically occur. In this paper, we develop a model that extends neural nets techniques to capture recognition processes in groups of decision-makers. We use the model to derive some... View Details
Keywords: Sean Silverthorne
  • Web

HBS - Financials | Supplemental Financial Information

endowment assets for fiscal 2022, net of investment expenses and fees, was -1.8 percent, reflecting significant weakness in the equity and bond markets during the past year caused by persistent inflation and tightening monetary policies.... View Details
  • Web

HBS - Financials | Supplemental Financial Information

HBS Online revenue accounted for 6 percent of the School’s total revenue in fiscal 2023, compared with 8 percent in fiscal 2022. Cash Received From Gifts (in millions) 151 FY19 121 FY20 149 FY21 151 FY22 158 FY23 Net Operating Surplus (in... View Details
  • 15 Jan 2019
  • First Look

New Research and Ideas, January 15, 2019

minimize the impact of taxes on their investors’ returns. The assignment was complicated as KSW had different categories of investors (a sovereign wealth fund, pension funds, and high net worth individuals) each of which had different tax... View Details
Keywords: Dina Gerdeman
  • 04 Jun 2012
  • Research & Ideas

The Business of Life

sticking to principles every day, considering all the hard work involved. "He told me he thought it had 'a negative net present value.'" “It's a travesty that somehow our society has gotten to a point where people have the view that... View Details
Keywords: by Carmen Nobel
  • 26 Feb 2008
  • First Look

First Look: February 26, 2008

order to smooth earnings (Graham, Harvey and Rajgopal, 2005). We estimate that marketing actions can be used to boost quarterly net income by up to 20% depending on the depth of promotion. But there is a price to pay, with the cost in the... View Details
Keywords: Martha Lagace
  • 01 Jun 2008
  • News

You Only Thought You Were Republican

TOBIAS: “When CEOs make 500 times what their employees make, there is an upper class.” So there I am moderating last fall’s 35th Reunion panel, “Two Steves and a Joe,” with classmates Steve Schwarzman (estimated net worth, $15 billion),... View Details
Keywords: Andrew Tobias; national debt; Business Schools & Computer & Management Training; Educational Services; Government
  • 12 Nov 2021
  • News

Alumni Business Leaders on Confronting the Climate Change Challenge

customers, investors, and communities a voice and a place at the table when corporate leaders address the climate issues their organizations face. This has manifested in over $30 trillion in investment product under the ESG “label,” numerous commitments to meeting... View Details