Publications

October 2012 (Revised June 2015)
Case

Grantham, Mayo, and Van Otterloo, 2012: Estimating the Equity Risk Premium

By: Samuel Hanson, Erik Stafford and Luis Viceira

Keywords: Equity Valuation; Investment Banking; Equity

Educators

15 May 2012
News

Finally Finding the Right Fit

pursued a variety of career aspirations. Heffernan trained as a doctor (graduating first in his class), practiced briefly, and decided that medicine was not the right fit. He tried investment banking with Goldman Sachs for a few years,... View Details

Keywords: fashion; apparel; Apparel Manufacturing; Manufacturing

22 Jun 2009
Research & Ideas

“Too Big To Fail”: Reining In Large Financial Firms

the past to lower risk and instill consumer confidence. "From the founding of the republic until 1933, the United States experienced banking panics roughly every fifteen to twenty years," explains Moss. When the Great Depression struck,... View Details

Keywords: by Roger Thompson; Banking; Banking

December 1974 (Revised May 1990)
Case

Hartford Steam Boiler Inspection and Insurance Co.

By: W. Earl Sasser and Robert L. Banks

Keywords: Insurance Industry

28 Mar 2018
Research & Ideas

Sophisticated Investors May Be Harming Fintech Lending Platforms

iPhoto Marketplace lending platforms such as LendingClub and Prosper have made significant competitive inroads against traditional banks in recent years by bringing together people who want to borrow with investors ready to bankroll them.... View Details

Keywords: by Dina Gerdeman; Banking; Banking

20 Jun 2016
News

Having an Impact on Development and Poverty Issues

development challenges facing India and other emerging economies, through impact investing in areas such as affordable housing, financial inclusion, and access to energy. The other is VSG Capital Advisors, an investment bank that is... View Details

Keywords: Constantine von Hoffman

01 Sep 2010
News

Faculty Research Online

markets. See http://hbswk.hbs.edu/item/6424.html. “An Unfair Advantage”? Combining Banking with Private Equity Investing Assistant Professor Victoria Ivashina, Professor Josh Lerner, and INSEAD’s Lily Fang examined nearly 8,000 unique... View Details

Keywords: Securities, Commodities, and Other Financial Investments; Finance

03 Mar 2014
News

A Life Transformed

final exams, received a scholarship, and left for college." Parija attended BJB College, a state school with low fees, where he majored in economics and political science, graduating in 1974. He took a clerical job at a local Indian bank... View Details

Keywords: Robert S. Benchley; Finance; Transportation

25 Oct 2013
News

"Cool as Ice" CEO Takes Helm at Canada's Scotiabank

01 Dec 2008
News

Alumni Books

“sell their souls.” Albion helps MBA students give themselves “permission” to be who they really want to be. The Partnership: The Making of Goldman Sachs by Charles D. Ellis (MBA ’63) (Penguin Press) Now a bank holding company, Goldman... View Details

Keywords: Securities, Commodities, and Other Financial Investments; Finance; Food Services and Drinking Places; Hospitality; Transportation Equipment Manufacturing; Manufacturing

May 1998 (Revised October 1998)
Case

Teleswitch (A)

Describes the financing history of Teleswitch, a maker of small digital telephone switches for the wireless/cellular industry. As the case ends, Teleswitch is revisiting its selection of an investment banker for its hoped-for IPO. A rewritten version of an earlier... View Details

Keywords: Initial Public Offering; Investment Banking; Entrepreneurship; Financing and Loans; Wireless Technology; Manufacturing Industry; Telecommunications Industry

Educators

2022
Working Paper

High-Yield Debt Covenants and Their Real Effects

By: Falk Bräuning, Victoria Ivashina and Ali Ozdagli

High-yield debt including leveraged loans is characterized by incurrence financial covenants, or “cov-lite” provisions. A traditional loan agreement includes maintenance covenants, which require continuous compliance with the covenant threshold, and their violation... View Details

Keywords: Debt Covenants; Incurrence Covenants; Borrowing and Debt; Banks and Banking

Read Now

17 Nov 2022
News

Blockchain for Good

cash, which is held by a regulated third party in a segregated account. “Holding 100 percent liquid collateral for our stablecoins eliminates any risk of a bank run, which is something no other provider can claim,” she notes. As the... View Details

Keywords: Ralph Ranalli

2002
Chapter

Institutional Change and Economic Growth: Banks, Financial Markets, and Mexican Industrialization, 1878-1913

By: Noel Maurer and Stephen Haber

Keywords: History; Organizational Change and Adaptation; Financial Markets; Economic Growth; Developing Countries and Economies; Banks and Banking; Banking Industry; Banking Industry; Mexico

February 2011
Teaching Note

Citigroup's Exchange Offer (TN)

By: Robin Greenwood

Teaching Note for 210009. View Details

Keywords: Equity; Government and Politics; Stocks; Price; Capital; Banks and Banking; Performance Evaluation; Risk and Uncertainty; Capital Markets; Banking Industry; Banking Industry; United States

November 2011
Supplement

Banco Ciudad (B): Transformation at Work

By: Aldo Musacchio, Gustavo Herrero and Cintra Scott

Keywords: Banks and Banking; Transformation