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- Faculty Publications (31)
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- All HBS Web (310)
- Faculty Publications (31)
- 29 Jan 2008
- First Look
First Look: January 29, 2008
standard-deviation increase in both bank-relationship strength and cross-selling potential is associated with a 16 basis point (5%) decrease in spread and a 0.4 point (7%) increase in the Maximum debt to EBITDA covenant. This translates... View Details
Keywords: Martha Lagace
- 04 Aug 2014
- Op-Ed
Why Small-Business Lending Is Not Recovering
Assessing creditworthiness of small businesses can be difficult due to information asymmetry. Little, if any, public information exists about the performance of most small businesses because they rarely issue publicly traded equity or View Details
- 10 Feb 2015
- First Look
First Look: February 10
in terms of both the bankruptcy code and the cultural attitudes toward corporate restructuring. This case can fit into an introductory course in a module on capital structure and the tradeoff between the costs and benefits of debt or in... View Details
Keywords: Sean Silverthorne
- 07 May 2013
- First Look
First Look: May 7
during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to debt. Using financing terms and ex-post performance, we show that overall banks do not... View Details
Keywords: Carmen Nobel
- 19 Jan 2011
- Research & Ideas
Activist Board Members Increase Firm’s Market Value
proxy materials, forgoing the traditional time-consuming and expensive election process that was rarely successful. In short, the rule would make it much easier for dissident shareholders to nominate and put in place new directors. The... View Details
Keywords: by Carmen Nobel
- 21 Sep 2009
- Research & Ideas
Excessive Executive Pay: What’s the Solution?
"shameful," especially for companies in need of federal bailouts. Such pay, he said, is "exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis—a culture of narrow self-interest and short-term gain at... View Details
Keywords: by Roger Thompson
- 06 Feb 2006
- Research & Ideas
The Trouble Behind Livedoor
Over the past few years, Livedoor acquired more than twenty companies, most paid for with stock. Livedoor's most famous transaction, its failed attempt to buy Nippon Broadcasting Systems last year, was financed with convertible debt. However, the View Details
- 12 Jul 2006
- Research & Ideas
Competition the Cure for Healthcare
the information can be used against them in malpractice lawsuits. Wouldn't you expect that to be the case? A: We believe that the more you measure results, the fewer lawsuits you will have, in part because many lawsuits grow out of ignorance. Today, if there is a View Details
- 08 Jul 2008
- First Look
First Look: July 8, 2008
we show that the same behaviors produce more ethical condemnation when they happen to produce bad rather than good outcomes, even if the outcomes are largely determined by chance. Our studies show that individuals judge behaviors as less... View Details
Keywords: Martha Lagace
- 08 Oct 2012
- Research & Ideas
The Immigrants Who Built America’s Financial System
As today's fiscal deficit and dragging economy continue to cast long shadows, it's easy to forget much darker times in American history. Shortly after winning its independence from Great Britain, the United States was bankrupt. Individual states weren't required to... View Details
- 13 Jul 2010
- First Look
First Look: July 13
prevents homeowners from deleveraging when property values decline and homeowner equity deteriorates, conspire to create a "ratchet" effect in which homeowner leverage is maintained during good times without the ability to decrease leverage during View Details
Keywords: Martha Lagace
- 30 Mar 2010
- First Look
First Look: March 30
disproportionately affected by international financial integration. Download the paper: http://www.hbs.edu/research/pdf/07-012.pdf Nominal versus Indexed Debt: A Quantitative Horse Race Authors:Laura Alfaro and Fabio Kanczuk Abstract The main arguments in favor of and... View Details
Keywords: Sean Silverthorne
- 01 Jun 2009
- News
Letters to the Editor
people often don’t have the financial wherewithal and broad general skills to leave behind a job where they are intimidated. Working in fear is a terrible way to live, and a secret ballot can ameliorate much of that fear. Michael A. Petronino (MBA ’64) Stratford, CT... View Details
- 05 Jul 2006
- First Look
First Look: July 5, 2006
Working PapersThe Framing Effect of Price Format Marco Bertini and Luc Wathieu Existing evidence suggests that preferences are affected by whether a price is presented as one all-inclusive expense or partitioned into a series of... View Details
Keywords: Sean Silverthorne
- 24 Sep 2014
- Op-Ed
The ABCs of Addressing Climate Change (From a Business Perspective)
energy and water) are available and are less expensive and where people want to live (because there are jobs there and it's pleasant). Human development also depends on effective provision and use of resources, as well as the ability to... View Details
- 01 Sep 2012
- News
Ideas in Action
project reveals that anxiety reduces self-confidence and tends to increase a reliance on others’ advice. Unfortunately, anxiety also reduces the ability to discriminate between good and bad counsel. So it’s best to take a deep breath,... View Details
- 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
- 11 Jun 2012
- Research & Ideas
When Business Competition Harms Society
high. But when meeting customer demand is bad for society at large, then competition has a flip side," says Victor Bennett, an assistant professor at the USC Marshall School of Business, who cowrote the paper with Lamar Pierce of... View Details
- 01 Sep 2009
- News
Over the Top
Some people predicted that expensing stock options would really cause a huge problem because options were the lifeblood of companies. But if stock options are a good idea, then companies will continue to grant them even if they create an... View Details
- 09 Sep 2013
- Lessons from the Classroom
Teaching Climate Change to Skeptics
A few years ago, Joseph B. Lassiter traveled to San Francisco, Houston, and New York to hold discussions with Harvard alumni on the topic of business and the environment. Each time, he surveyed the audience about the touchy subject of climate change and how society... View Details
Keywords: by Carmen Nobel