Publications

2024
Article

Supply and Demand and the Term Structure of Interest Rates

By: Robin Greenwood, Samuel Hanson and Dimitri Vayanos

We survey the growing literature emphasizing the role that supply-and-demand forces play in shaping the term structure of interest rates. Our starting point is the Vayanos and Vila (2009, 2021) model of the term structure of default-free bond yields, which we present... View Details

Keywords: Demand and Consumers; Interest Rates; Bonds; Financial Markets

March 2014
Article

Manage Your Work, Manage Your Life

By: Boris Groysberg and Robin Abrahams

Work/life balance is at best an elusive ideal and at worst a complete myth, today's senior executives will tell you. But by making deliberate choices about which opportunities they'll pursue and which they'll decline, rather than simply reacting to emergencies, leaders... View Details

Keywords: Work-Life Balance; Management Teams

January – February 2011
Article

Stop Holding Yourself Back

By: Anne Morriss, Robin J. Ely and Frances X. Frei

After working with hundreds of leaders in a wide variety of organizations and in countries all over the globe, the authors found one very clear pattern: when it comes to meeting their leadership potential, many people unintentionally get in their own way. Five barriers... View Details

Keywords: Transformation; Decision Choices and Conditions; Leadership; Personal Development and Career; Personal Characteristics

February 2008
Teaching Note

Kerr-McGee (TN)

Teaching Note for [207020]. View Details

Keywords: Energy Industry; Chemical Industry; United States

March 2007 (Revised March 2011)
Teaching Note

The Nikkei 225 Reconstitution (TN)

Teaching note to 207109. View Details

2005
Working Paper

Float Manipulation and Stock Prices

2005
Working Paper

Aggregate Corporate Liquidity and Stock Returns

Aggregate investment in cash and liquid assets as a share of total corporate investment is negatively related to subsequent U.S. stock market returns between 1947 and 2003. The share of cash in total investment is a more stable predictor of returns than scaled price... View Details

Keywords: Stocks; Financial Liquidity; Cash; Investment Return; Corporate Finance

03 Nov 2020
News

You shouldn’t believe all this talk about a stock-market bubble about to burst — here’s why

Forthcoming
Article

The Evolution of Financial Services in the United States

By: Robin Greenwood, Robert Ialenti and David Scharfstein

This article surveys the literature on the historical growth and transformation of the U.S. financial sector. The sector expanded rapidly between 1980 until 2006, when its contribution to GDP rose from 4.8% to 7.6%. After the Global Financial Crisis, the size of the... View Details

Keywords: Financial Crisis; Financial Institutions; Financial Markets; Growth and Development; Economic Sectors

Web

Featured Cases | Information Technology

is no way that a text description of something so graphic could ever capture the richness and reality of what really happened. Rohit Deshpande ; Baker Foundation Professor Sebastian S. Kresge Professor of Marketing, Emeritus Success Academy Charter Schools Professors... View Details

Fall 2020
Article

Sizing Up Corporate Restructuring in the COVID Crisis

By: Robin Greenwood, Benjamin Iverson and David Thesmar

In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with a surge of financial distress in the business sector. Some firms will be able to survive, while others will face bankruptcy and thus need to be liquidated or reorganized. Many... View Details

Keywords: COVID-19; Health Pandemics; Economy; System Shocks; Financial Crisis; Restructuring

March 2011 (Revised December 2016)
Supplement

H Partners and Six Flags (CW)

Spreadsheet for case 211090. View Details

February 2011
Teaching Note

Citigroup's Exchange Offer (TN)

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; Financial Services Industry; United States

February 2011 (Revised October 2013)
Supplement

Williams, 2002 (CW)

Spreadsheet supplement for product number 203068. View Details

Keywords: Energy Industry; United States

July 2008
Supplement

The Pilgrim Assurance Building Courseware

March 2008 (Revised January 2009)
Teaching Note

Opportunity Partners (TN)

Teaching Note for [208097]. View Details

August 2015
Article

A Comparative-Advantage Approach to Government Debt Maturity

By: Robin Greenwood, Samuel G. Hanson and Jeremy C. Stein

We study optimal government debt maturity in a model where investors derive monetary services from holding riskless short-term securities. In a setting where the government is the only issuer of such riskless paper, it trades off the monetary premium associated with... View Details

Keywords: Sovereign Finance; Debt Securities