Bank Debt - Publications - Faculty & Research

24 Sep 2013
First Look

First Look: September 24

time series. While loan issuance falls in recessions, it is not clear if this is due to demand or supply. We address this question by studying firms' substitution between bank debt and non-bank View Details

Keywords: Sean Silverthorne

22 Dec 2015
First Look

December 22, 2015

2015 The $13 Trillion Question: How America Manages Its Debt The Optimal Maturity of Government Debt By: Greenwood, Robin, Samuel Gregory Hanson Abstract—No abstract available. Publisher's link:... View Details

Keywords: Carmen Nobel

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Research - Behavioral Finance & Financial Stability

Banking By: Nicola Gennaioli & Robert W. Vishny JUN 2011 The rise and extent of shadow banking – the origination and acquisition of loans by financial intermediaries, their assembly into diversified pools,... View Details

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Topics - HBS Working Knowledge

(19) Annual Reports (2) Annuities (1) Arts (2) Asset Management (3) Asset Pricing (4) Assets (11) Attitudes (18) Auctions (4) Balanced Scorecard (11) Banks and Banking (30) Behavioral Finance (7) Behavior... View Details

01 Oct 2001
Research & Ideas

How To Make Restructuring Work for Your Company

considered, including issuing tracking stock, doing a leveraged buyout, or repurchasing shares, would not have solved this underlying business problem. Chase Manhattan Bank and Chemical Bank used their... View Details

Keywords: by Stuart C. Gilson

21 Nov 2022
Research & Ideas

Buy Now, Pay Later: How Retail's Hot Feature Hurts Low-Income Shoppers

from a US aggregator for 10 million individual transactions from January 2010 to May 2021 among merchants, providers, and consumer bank accounts. The authors then analyzed a sample of 400,000 consumers, half who used BNPL and half who... View Details

Keywords: by Rachel Layne; Retail; Financial Services; Technology

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Human Behavior & Decision-Making - Faculty & Research

ensuing bank run intensified as SVB proved unable to placate investor fears or raise capital to plug that hole, and SVB was placed in receivership on the morning of March 10. Finger-pointing began immediately. Some argued that misguided... View Details

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Japan - Global

illustrates some of the valuation mechanics of valuing an LBO, which involve adjusting the target company’s capital structure and cost of capital to account for the influx of new debt on the balance sheet. March 2025 (Revised March 2025)... View Details

10 Aug 2010
First Look

First Look: August 10

prices of used ships to fall by as much as 80%. As ship prices (values?) fell, ship owners began to default on loans and new purchase contracts while banks holding loans secured by ships faced the possibility of increasing defaults... View Details

Keywords: Martha Lagace

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Bankruptcy | Baker Library | Bloomberg Center | Harvard Business School

Introduction 1840s – 1880s General Merchants to Commodities Brokers 1880s – 1920s Investment Banking & Securities Underwriting 1920s – 1960s Investing in Emerging Industries 1850–1968 Lehman Brothers Family Partners 1960s – 2000s... View Details

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About - Behavioral Finance & Financial Stability

historical database of banking, stock market, and currency crises with data on over 60 countries back to 1800. Please visit our data page for visualizations and data downloads, organized by topic. You may also be interested in the Harvard University database on... View Details

March 2011
Article

Institutional Demand Pressure and the Cost of Corporate Loans

By: Victoria Ivashina and Zheng Sun

Between 2001 and 2007, annual institutional funding in highly leveraged loans went up from $32 billion to $426 billion, accounting for nearly 70% of the jump in total syndicated loan issuance over the same period. Did the inflow of institutional funding in the... View Details

Keywords: Leveraged Buyouts; Financial Crisis; Credit; Debt Securities; Financing and Loans; Interest Rates; Investment

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Research - Private Capital Project

investors like pension funds, endowments, sovereign wealth funds, and large family... October 2024 Case Continuation Fund Dilemma By: Victoria Ivashina and Srimayi Mylavarapu 2024 Working Paper Bank Runs and Interest Rates: A Revolving... View Details

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Entrepreneurship - Faculty & Research

Master it and you will be in a better position to make your company a massive success. But how do you finance a new venture? In this note, I will try to help answer this question by addressing the following topics: Types of funding. The two major types of startup... View Details

31 Jan 2012
First Look

First Look: Jan. 31

duties in firms incorporated in that state. This change limited managers' incentives to take actions favoring equity over debt for firms in the vicinity of financial distress. We show that this ruling increased the likelihood of equity... View Details

Keywords: Sean Silverthorne & Carmen Nobel

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2023 Reunion Presentations - Alumni

case study on JP Morgan Private Bank to learn about and debate these issues and consider the future of the ESG investing. Managing a Polarized Workforce Professor Francesca Gino + More Info – Less Info One of the toughest challenges... View Details

12 Jul 2011
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First Look: July 12

debt for firms in the vicinity of financial distress. We show that this ruling increased the likelihood of equity issues, increased investment, and reduced firm risk, consistent with a decrease in debt-equity conflicts of interest. The... View Details

Keywords: Carmen Nobel

2010
Working Paper

Regulating for Legitimacy: Consumer Credit Access in France and America

By: J. Gunnar Trumbull

Theories of legitimate regulation have emphasized the role of governments either in fixing market failures to promote greater efficiency or in restricting the efficient functioning of markets in order to pursue public welfare goals. In either case, features of markets... View Details

Keywords: Borrowing and Debt; Credit; Financial Markets; Personal Finance; Governing Rules, Regulations, and Reforms; Business History; Business and Government Relations; Welfare; France; United States