Pensions - Publications - Faculty & Research

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Finance - Faculty & Research

Income Strategy (LIS), a novel retirement product launched by aerospace and defense company RTX in 2012. Aiming to embed the security of a traditional pension within a 401(k) plan, the LIS allowed participants to secure a portion of their... View Details

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

01 Mar 2024
News

In Harmony

Carlyle colleagues to raise MBK Partners’ first fund. Temasek Holdings, Singapore’s sovereign wealth fund, was an early investor; so was the Ontario Teachers’ Pension Plan. Before all that, however, while at Salomon, Kim—still in his... View Details

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

09 Nov 2023
News

From the Brink

Antonio Weiss (MBA 1994), Adam Chepenik (MBA 2010), Sebastián Negrón-Reichard (JD/MBA 2024) As the senior top official in the US Treasury Department on domestic finance issues, Antonio Weiss (MBA 1994) could see Puerto Rico’s financial meltdown coming, like watching a... View Details

Keywords: Ralph Ranalli

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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

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

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

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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

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

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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

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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

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

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

03 Jan 2023
What Do You Think?

How Would the Leadership Style of Girl Scouts' Frances Hesselbein Fare Today?

they want to give back. We had that too a generation ago. It was called a pension plan, and it gave back to the people who put the C-level folk in those mahogany offices. Welch was a product of the time when all that changed, and it is... View Details

Keywords: Re: James L. Heskett

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Case Studies - Social Impact Collaboratory

structure, and a thoughtful investment strategy that aligns with the foundation's mission. CalSTRS Takes on Gun Violence (819079) by Vikram Gandhi and Caitlin Lindsay Reimers Brumme NOVEMBER 2018 (REVISED DECEMBER 2018) In Spring of 2018, Chris Ailman, CIO of the $200... View Details

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

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Finance Awards & Honors - Faculty & Research

Finance Institute Outstanding Paper Award for "The 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... View Details

15 Dec 2023
News

Exploring Business Opportunities in Africa; Alumni Grapple with Plastic Waste Problem

Clubs News Clubs News Webinar illuminates broad array of business opportunities across Africa On December 5th, the HBS African-American Alumni Association (HBSAAA) hosted ‘Doing Business in Africa: From Opportunity to Action’, a webinar panel of HBS alumni who shared... View Details

Keywords: Margie Kelley

Publications