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- All HBS Web (30)
- Faculty Publications (4)
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- Research Summary
Rare Consumption Disasters
Another defining feature of financial crises is consumption disasters, or large drops in aggregate consumption. Rather than taking the standard approach of seeking implications of such rare disasters for asset pricing in consumption data, Professor Siriwardane asks... View Details
- 2016
- Working Paper
Options-Pricing Formula with Disaster Risk
By: Robert J. Barro and Gordon Y. Liao
A new options-pricing formula applies to far-out-of-the money put options on the overall stock market when disaster risk is the dominant force, the size distribution of disasters follows a power law, and the economy has a representative agent with Epstein-Zin utility.... View Details
Barro, Robert J., and Gordon Y. Liao. "Options-Pricing Formula with Disaster Risk." NBER Working Paper Series, No. 21888, January 2016.
- 2015
- Working Paper
The Probability of Rare Disasters: Estimation and Implications
By: Emil Siriwardane
I analyze a rare disasters economy that yields a measure of the risk neutral probability of a macroeconomic disaster, p*t. A large panel of options data provides strong evidence that p*t is the single factor driving option-implied jump risk measures in the cross... View Details
Siriwardane, Emil. "The Probability of Rare Disasters: Estimation and Implications." Harvard Business School Working Paper, No. 16-061, November 2015.
- 02 Sep 2002
- Research & Ideas
The Role of Government When All Else Fails
consumers to producers, has dramatically influenced the calculus of production in a large number of industries. Our federal disaster relief policy, meanwhile, has likely affected housing patterns all over the country. In fact, the list... View Details
Keywords: by Laura Linard
- 23 May 2000
- Research & Ideas
The Emerging Art of Negotiation
It's easy to come up with a recipe for disaster when the subject is negotiation. As in chess, once you sit down at the table every move counts. So many factors compete to undermine an optimal settlement: the emotions of both participants;... View Details
Keywords: by Martha Lagace
- December 2010
- Article
Organising Response to Extreme Emergencies: The Victorian Bushfires of 2009
By: Dutch Leonard and Arnold M. Howitt
How can people and organisations best respond to emergency events that are significantly beyond the boundaries of what they had generally anticipated, expected, prepared for-or even imagined? What forms of organisations are likely to be best able to cope with such... View Details
Keywords: Organizations; Management Practices and Processes; Natural Disasters; Crisis Management; Boundaries; United States
Leonard, Dutch, and Arnold M. Howitt. "Organising Response to Extreme Emergencies: The Victorian Bushfires of 2009." Australian Journal of Public Administration 69, no. 4 (December 2010): 372–386.
- 21 Jun 2011
- First Look
First Look: June 21
Letters of credit, however, are rarely used by the exporter. As an importer develops a relationship with the exporter, transactions are less likely to occur on terms that require prepayment. During the recent crisis, the exporter was more... View Details
Keywords: Sean Silverthorne
- 15 Dec 2021
- Research & Ideas
The 10 Most Popular Articles of 2021
forward to taking delayed vacations. HBS faculty members shared books they planned to read during their downtime, pulling from the worlds of technology, history, and science fiction. 4. How to Learn from the Big Mistake You Almost Make A brush with View Details
Keywords: by Danielle Kost
- 22 Aug 2022
- Research & Ideas
Can Amazon Remake Health Care?
before the pandemic, to offer health care to its employees. The take up of that has been poor. Before the pandemic, they bought PillPack for something like $800 million. It’s not clear that PillPack has been able to displace any of the large pharmacies. They had a... View Details
- 09 Dec 2002
- Research & Ideas
Most Accountants Aren’t Crooks—Why Good Audits Go Bad
recognized? The interpretation and weighting of various types of information are rarely straightforward. As Joseph Berardino, Arthur Andersen's former chief executive, said in his congressional testimony on the Enron collapse, "Many... View Details
- 01 Dec 2015
- First Look
December 1, 2015
https://www.hbs.edu/faculty/Pages/item.aspx?num=50046 The Probability of Rare Disasters: Estimation and Implications By: Siriwardane, Emil Abstract—I analyze a rare disasters... View Details
Keywords: Sean Silverthorne
- 24 Sep 2020
- Research & Ideas
Financial Meltdowns Are More Predictable Than We Thought
passed since risky mortgage lending, excessive borrowing, and soaring housing prices collided in 2008 to trigger one of the more severe financial crises in American history. Since then, economists have been studying the factors that led to that View Details
- 08 Jan 2008
- First Look
First Look: January 8, 2008
Working PapersThe Political Economy of 'Natural' Disasters Authors:Charles Cohen and Eric D. Werker Abstract Natural disasters occur in a political space. Although events beyond our control may trigger a... View Details
Keywords: Martha Lagace
- 20 Mar 2020
- Research & Ideas
How Small Businesses Can Survive the Coronavirus Outbreak
the Trump Administration authorized $7 billion in disaster loans for small businesses affected by COVID-19. The program helps businesses in states that have declared emergency status borrow as much as much as $2 million and repay it over... View Details
- 04 Dec 2012
- First Look
First Look: December 4
test this framework, we examine how different types of mega-events (the Olympics, the Super Bowl, political conventions) and natural disasters (such as floods and hurricanes) affected the philanthropic spending of locally headquartered... View Details
Keywords: Carmen Nobel
- 08 Feb 2011
- First Look
First Look: Feb. 8
M. Howitt Publication:In Integrative Risk Management: Advanced Disaster Recovery, edited by Simon Woodward. Zürich, Switzerland: Swiss Re Centre for Global Dialogue, 2010 Abstract Societies face a wide array of significant hazards—ranging... View Details
Keywords: Sean Silverthorne