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Show Results For
- All HBS Web
(384)
- News (94)
- Research (241)
- Multimedia (3)
- Faculty Publications (147)
- Web
Finance - Faculty & Research
Mortgage Convexity By: Samuel G. Hanson Most home mortgages in the United States are fixed-rate loans with an embedded prepayment option. When long-term rates decline, the effective duration of... View Details
- Web
Business & Environment - Faculty & Research
for over a decade, with rich information on mortgage contracts, property characteristics, and climate exposures. We document pervasive under-insurance, particularly among the most financially vulnerable households. We find that even at... View Details
- 01 Jun 2023
- HBS Case
A Nike Executive Hid His Criminal Past to Turn His Life Around. What If He Didn't Have To?
the 1930s, the federal government created color-coded maps that “redlined” predominantly Black neighborhoods, warning lenders that these red areas were considered at high risk for default. Furthermore, the Federal Housing Authority refused to insure View Details
- 07 Jul 2008
- Research & Ideas
Innovation Corrupted: How Managers Can Avoid Another Enron
sums up Enron's history and its enduring legacy. Q: Can an Enron-type calamity happen again? Why or why not? A: Perverse incentives are legion throughout our system today. For example, perverse incentives for both mortgage brokers and... View Details
- Web
Leadership Transitions | Baker Library | Bloomberg Center | Harvard Business School
heavily in derivatives in the form of subprime mortgages that yielded unprecedented profits. In the early 2000s, Lehman Brothers bought five mortgage lenders, including subprime lender BNC View Details
- 20 Apr 2011
- Research & Ideas
Blind Spots: We’re Not as Ethical as We Think
practices of their clients, who have the power to fire them if they do notice. Q: The book is full of examples of people making decisions that they thought were ethical but clearly violated their own standards for ethical behavior—for example, decisions that set the... View Details
Keywords: by Sean Silverthorne
- 13 Aug 2012
- Research & Ideas
When Good Incentives Lead to Bad Decisions
Among the culprits contributing to the recent financial crisis were bank loan officers who approved mortgage loans that were doomed to fail. Many of these frontline workers were motivated by bonuses and other incentives to approve... View Details
- TeachingInterests
Decision Making Under Uncertainty
By: David E. Bell
Many of the decisions we face are made complicated by having uncertain consequences: how should I set my inventory when I don’t know what demand will be, should I refinance my mortgage when rates might go lower, how big a bet shall I make in a new business, and so... View Details
- Web
The Railroads: The First Big Business - Railroads and the Transformation of Capitalism | Harvard Business School
Harper’s New Monthly Magazine , September 1877, p. 614. Statement Showing the First Mortgage Gold Bearing Six Per Cent. Bonds of The Atchison & Pike’s Peak Railroad Company (Central Branch of the Union Pacific) to be A First-Class... View Details
- Web
Buy Now, Pay Later: Introduction
shameful, and credit financed only “productive” purchases like homes or farm machinery. But nostalgia seldom makes good history. Writers mourned this lost golden age during the Roaring Twenties, the rise of the credit card in the 1960s, and the home View Details
- 01 Oct 1997
- News
W. Hall Wendel, Jr.
mortgages on our homes to buy the company, we felt if we could just recoup our money, we'd be reasonably happy. I think my share was $40,000, so things have turned out much better than I ever dreamed." For a man who thrives on conquering... View Details
- Web
Buy Now, Pay Later: Home Finance
urged prospective home-buyers to save the entire purchase price before acquiring a home. In practice, however, most home-buyers and home-builders after the Civil War got themselves a mortgage—or three or four. By the 1920s, economists were becoming aware of the growing... View Details
- Web
Research - Behavioral Finance & Financial Stability
featuring such a two-way feedback loop, which can match many features of credit booms and busts. See Robin’s other research here , Sam’s other research here , and Lawrence’s other research here . More Info Partial Deregulation and Competition: Effects on Risky View Details
- 14 Jan 2019
- Op-Ed
These 4 CEOs Created a New Standard of Leadership
highest return on equity. He guided it through the 2008-09 financial crisis without a glitch by avoiding high-risk subprime mortgages and derivatives that felled so many other banks. Concerned about the crisis’ impact on bank reputations,... View Details
- 25 Oct 2020
- Research & Ideas
The Dark Side of Fintech Borrowing
requirement introduced by the Dodd-Frank Act for fintech lenders might serve the industry well, Di Maggio suggests. The law “forced the banks to actually make sure that the borrowers will be able to repay their loans.” “In the mortgage... View Details
- 11 Apr 2012
- Research & Ideas
The High Risks of Short-Term Management
the financial crisis, companies like New Century Financial or Countrywide Financial built their success by incentivizing their employees on volume--to sell as many mortgages as possible with little regard for quality—and the stock market... View Details
- 06 Nov 2008
- Op-Ed
Selling Out The American Dream
leveraging of assets, on irresponsible banks and mortgage brokers who fabricated applications for no downpayment home loans knowing that the risks could be readily laid off on unsuspecting third parties. But underpinning the collapse of... View Details
Keywords: by John Quelch
- 02 Mar 2009
- Research & Ideas
When Goal Setting Goes Bad
can focus so much on reaching the stretch goal that they fail to realize how this has dumped other work on their co-workers, led the company to accept mortgages that are too risky, etc. This behavior prompted by stretch goals is leading... View Details
Keywords: by Sean Silverthorne
- Web
Negotiating - Alumni
site also offers substantive advice on compensation and negotiation, current news affecting the labor market as well as a job and resume database. Homefair A comprehensive guide to relocation resources, including a salary calculator, moving calculator, View Details
- Fast Answer
Compensation by Industry/Position/Location
others. Using the database, users are able to benchmark their salary to individuals with similar job titles in the same geographic area. Realtor.com - Moving Guide A comprehensive guide to relocation resources, including a salary calculator, moving calculator,... View Details