Pension - Publications - Faculty & Research

13 Dec 2022
Research & Ideas

The Color of Private Equity: Quantifying the Bias Black Investors Face

minority-owned group raising a fund is 60 percent higher in these periods of high racial awareness. They also looked at public pension fund data in states where a minority chief investment officer was hired. The likelihood that a minority... View Details

Keywords: by Pamela Reynolds; Financial Services

20 Mar 2012
Working Paper Summaries

The Stock Selection and Performance of Buy-Side Analysts

Keywords: by Boris Groysberg, Paul Healy, George Serafeim, Devin Shanthikumar & Gui Yang; Financial Services

12 Sep 2023
What Do You Think?

Who Gets the Loudest Voice in DEI Decisions?

social, and governance issues at the heart of so-called “stakeholder capitalism.” Corporations that become too visible in support of stakeholder capitalism run the risk of losing public investors, such as pension funds in states in which... View Details

Keywords: by James Heskett

18 Aug 2022
Op-Ed

Your Best Employees Are Burning Out: A Framework for Retaining Talent

covenant forged at the onset of the Industrial Age, the Silent Generation, born between 1928 and 1945, typically had the benefit of guaranteed pensions. The ability of corporations to provide pensions created a workforce that remained... View Details

Keywords: by Hise Gibson and MaShon Wilson

01 Mar 2024
News

In Harmony

Kim at Seoul’s government-built Hoehyeon “Citizens’ Apartments.” Opened in 1970, it stands as a reminder of a Korea from a very different era. Like so many South Koreans of a certain age, Michael ByungJu Kim (MBA 1990) lives in a country where the past lingers,... View Details

Keywords: Julia Hanna; photographs by Jun Michael Park; private equity; fiction; financial crisis; leadership; Korea

Web

Research - Private Capital Project

Research Research June 2025 Teaching Material Blackstone Credit and Delaware Basin Resources By: Victoria Ivashina and Srimayi Mylavarapu Teaching note for case 224035 2025 Working Paper Performance Capital Flows in DC Pensions By: Bryan... View Details

11 Apr 2023
Research & Ideas

Is Amazon a Retailer, a Tech Firm, or a Media Company? How AI Can Help Investors Decide

S&P 500? There are trillions and trillions of pension assets in S&P funds. Some things are just sticky because they are the benchmark. You Might Also Like: 8 Strategies to Sustain Business Innovation Why Technology Alone Can't... View Details

Keywords: by Danielle Kost; Consumer Products; Real Estate; Financial Services; Retail

2020
Working Paper

Cutting the Gordian Knot of Employee Health Care Benefits and Costs: A Corporate Model Built on Employee Choice

By: Regina E. Herzlinger and Barak D. Richman

The U.S. employer-based health insurance tax exclusion created a system of employer-sponsored insurance (ESI) with limited insurance choices and transparency that may lock employed households into health plans that are costlier or different from those they prefer to... View Details

Keywords: After-tax Income; Consumer-driven Health Care; Health Care Costs; Health Insurance; Income Inequality; Tax Policy; Health Care and Treatment; Cost; Insurance; Employees; Income; Taxation; Policy; United States

Citation

SSRN

Read Now

14 Mar 2023
In Practice

What Does the Failure of Silicon Valley Bank Say About the State of Finance?

reestablishing confidence in the broader financial system. As to SVB, its credit specialization in the VC space is leaving an important void. I am less concerned about subscription lines, although this might temporarily bounce into View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

09 Nov 2023
News

From the Brink

payments to its pension fund and drawn down all the fund’s cash until there was nothing left but a $50 billion unfunded liability. Capital markets had deemed the island an unacceptable risk. “They had lost access to traditional capital,... View Details

Keywords: Ralph Ranalli

Web

Bankruptcy | Baker Library | Bloomberg Center | Harvard Business School

Moody’s, or Fitch. [17] MBSs and CDOs are sold to investors all over the world, including pension funds, insurance companies, mutual funds, hedge funds, and other investment banks. [18] Investors can hedge their CDO or MBS exposure... View Details

21 Jul 2021
Research & Ideas

What Does an ESG Score Really Say About a Company?

Receiving more information can clarify the complex, but not when it comes to environmental, social, and governance (ESG) scores. A recent study shows that the more information a company discloses about its ESG practices, the more rating agencies disagree on how well... View Details

Keywords: by Kristen Senz

06 Oct 2003
Research & Ideas

The Problem with Hedge Funds

new sophisticated players in the investment world into which not only wealthy individuals but large pension funds and endowments have poured money. Big investors such as hedge funds are secretive, and small investors aren't sufficiently... View Details

Keywords: by D. Quinn Mills

Web

Research - Behavioral Finance & Financial Stability

Nicola's other research here and Andrei's other research here . Related Themes: Measuring Sentiment & Expectations More Info The Impact of Pensions and Insurance on Global Yield Curves By: Robin Greenwood & Annette Vissing-Jorgensen JUN... View Details

25 May 2023
News

Brazil’s Nubank Turns 10

targeting federal civil servants. The idea is to gradually unroll this service to pensioners and the general population, while reducing the bank's exposure to its main lending product today, which is credit cards," according to the... View Details

Keywords: Funds, Trusts, and Other Financial Vehicles; Finance

Web

2018 Financial Risk and Regulation Survey - Behavioral Finance & Financial Stability

companies and other financial intermediaries, and hedge funds rated more highly as sources of risk. In addition, 40% of participants stated that pension funds would be at the center of a financial crisis within ten years, consistent with... View Details

Fast Answer

Resources for Investment Management and Financial Analysis

closed-end funds, equity ownership, exchange-traded funds, hedge funds, market indexes, money market funds, offshore funds, open-end mutual funds, pensions and life insurance, stocks, and 529 plans. Pitchbook
Information on... View Details

11 Oct 2006
What Do You Think?

How Do We Respond to the “Dependency Ratio” Dilemma?

growing dependency ratios at the level of the firm tell us, regardless of where we are in the world. But several deplored what has been done about them. According to Francine McKenna, "There's no pension crisis in the executive suite... View Details

Keywords: by Jim Heskett

02 Mar 2016
News

David Moss is Rewriting History

global financial events. His first course-length experiment had been a success. He saw the case method bring history—which many students thought of as a dull procession of inevitable events—to life. Character, narrative, and tension gave an urgency to topics such as... View Details

Keywords: April White

Web

Finance Awards & Honors - Faculty & Research

Impact of Pensions and Insurance on Global Yield Curves" with Annette Vissing-Jorgensen. Victoria Ivashina : Received the 2019 Apgar Award for Innovation in Teaching. Ishita Sen : Winner of the 2019 European Finance Association (EFA) Best... View Details

Publications