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- All HBS Web (511)
- Faculty Publications (146)
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- 20 Jan 2009
- Research & Ideas
Risky Business with Structured Finance
at Princeton University, the paper analyzes the difficulties of rating structured finance assets and the perils of relying on ratings to determine prices. "We began studying the corporate bond CDO View Details
- 12 Jul 2011
- First Look
First Look: July 12
firms is particularly useful for forecasting bond returns. We show that a significant decline in issuer quality is a more reliable signal of credit market overheating than rapid aggregate credit growth. We... View Details
Keywords: Carmen Nobel
- 24 Sep 2013
- First Look
First Look: September 24
consider and reject several alternative explanations of our findings. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=45581 August 2013 Journal of Finance Reaching for Yield in the Bond View Details
Keywords: Sean Silverthorne
- 28 Oct 2008
- First Look
First Look: October 28, 2008
explanation why markets with two-sided platforms are often characterized by incompatibility with one dominant player who may subsidize access to one side of the market. Specifically, we model competitive interaction between two platform... View Details
Keywords: Martha Lagace
- 15 Oct 2001
- Op-Ed
Lessons from the Rubble
have been obvious even without the devastation we have just witnessed. First is that the new economy never was all that different from the old. In the ancient, heady days of the Internet boom, it became fashionable to declare that the physical View Details
Keywords: by Debora L. Spar
- 20 Sep 2016
- First Look
September 20, 2016
hosts who have never had an African-American guest, suggesting only a subset of hosts discriminate. While rental markets have achieved significant reductions in discrimination in recent decades, our results suggest that Airbnb’s current... View Details
Keywords: Sean Silverthorne
- 24 Jul 2018
- First Look
New Research and Ideas, July 24, 2018
correlations of equity cash flow news or stock market volatility shocks. Our findings imply that the benefits of global equity diversification have not declined for long horizon investors despite the secular increase in global stock... View Details
Keywords: Dina Gerdeman
- 07 May 2013
- First Look
First Look: May 7
Publications 2006 Review of Financial Studies Unstable Equity: Combining Banking with Private Equity Investing By: Fang, Lily H., Victoria Ivashina, and Josh Lerner Abstract—Bank-affiliated private equity groups account for 30% of all private equity investments.... View Details
Keywords: Carmen Nobel
- 01 Oct 2013
- First Look
First Look: October 1
explanations of our findings. Publisher's link: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1572699 August 2013 Journal of Finance Reaching for Yield in the Bond Market By: Ivashina, Victoria, and Bo... View Details
Keywords: Sean Silverthorne
- 21 Jun 2011
- First Look
First Look: June 21
yields is low. In this paper we document the reasons why the fears of widespread municipal default during the current recession are overblown. Download the paper: http://www.hbs.edu/research/pdf/11-129.pdf Fractionalization and the Municipal View Details
Keywords: Sean Silverthorne
- 06 Dec 2011
- Op-Ed
Greater Fiscal Integration Best Solution for Euro Crisis
deleveraging that made them sell European sovereign debt. But the ECB's most powerful weapon - intervening in the bond market - is still locked away. Draghi needs to create consensus among the German... View Details
Keywords: by Dante Roscini
- 09 Jan 2006
- Research & Ideas
Rebuilding Commercial Real Estate
Students of recent United States real estate history can't help but notice unsettling parallels between the red-hot commercial market of the late 1980s and today. Then, as now, money gushed into the market, driving office and retail... View Details
- 11 Sep 2018
- First Look
New Research and Ideas, September 11, 2018
consumption Euler equation, commonly assumed in New Keynesian models. Estimating the model separately for 1979–2001 and 2001–2011 explains why the exposure of U.S. Treasury bonds to the stock market changed... View Details
Keywords: Dina Gerdeman
- July 1997 (Revised September 1997)
- Case
USAA: Catastrophe Risk Financing
By: Kenneth A. Froot and Mark Seasholes
Describes the first major risk financing using catastrophe bonds. Provides a basis for discussing the securitization of insurance risks. View Details
Keywords: Financial Management; Insurance; Capital Markets; Natural Disasters; Risk Management; Bonds; Insurance Industry; Financial Services Industry; United States
Froot, Kenneth A., and Mark Seasholes. "USAA: Catastrophe Risk Financing." Harvard Business School Case 298-007, July 1997. (Revised September 1997.)
- 17 May 2010
- Research & Ideas
What Brazil Teaches About Investor Protection
development relies on investor protections offered by national laws and regulations. So why did investors flock to Brazil's stock and bond markets between 1882 and 1915, when national protections were... View Details
- January 2005 (Revised October 2005)
- Background Note
Standard & Poor's Sovereign Credit Ratings: Scales and Process
By: Rawi E. Abdelal and Christopher Bruner
Describes Standard & Poor's sovereign credit ratings scales and the credit rating process. In particular, describes the role and function of the rating committee and the analytical categories considered in arriving at a final sovereign credit rating. View Details
Keywords: Financial Markets; Credit; Bonds; Policy; Risk and Uncertainty; Measurement and Metrics; Forecasting and Prediction; Financial Services Industry
Abdelal, Rawi E., and Christopher Bruner. "Standard & Poor's Sovereign Credit Ratings: Scales and Process." Harvard Business School Background Note 705-027, January 2005. (Revised October 2005.)
- 01 Oct 2024
- Research & Ideas
How Politics Drives Business Decisions in a Polarized Nation
executive suites, start-up firms, and even entire professions and industries. Within finance, in particular, decisionmakers’ political views influence investment returns, credit ratings, asset allocations, loan terms, and bond yields,... View Details
Keywords: by Jay Fitzgerald
- 06 Sep 2005
- Research & Ideas
The Best Place for Retirement Funds
or an equity mutual fund that holds low-dividend stocks and passes through little in the way of realized capital gains. A high-tax asset might be a standard corporate bond, since the interest payments on a bond held in a taxable account... View Details
Keywords: by Ann Cullen
- 30 Jun 2009
- First Look
First Look: June 30
perturbation enables efficient exploration in the midst of intense exploitation. Download the paper: http://www.hbs.edu/research/pdf/09-011.pdf Understanding Inflation-Indexed Bond Markets Authors:John Y.... View Details
Keywords: Martha Lagace
- 20 Jun 2016
- Research & Ideas
When Predicting Other People's Preferences, You're Probably Wrong
been watching the show long enough to notice a pattern in the self-doubt: The women tend to fret when they see the supposed man of their dreams bonding with women who are dissimilar to themselves. “One thing that’s commonly said is,... View Details