Costs Of Financial Distress - Publications - Faculty & Research

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Healthy Outcomes - Managing the Future of Work

outcomes such as higher retention and better engagement. Read the Report Featured Videos Joseph Fuller Why Employers Should Care About the Care Economy Why Employers Should Care About the Care Economy Joseph Fuller Joseph Fuller Measuring the Hidden View Details

15 Jan 2020
News

The Business of Access

services, on the other hand, were delivered at no cost to clients; consequently, the organization was always at capacity and often had to turn people away. “We needed capacity (beds) and had strong financials, InnVision had empty beds,... View Details

Keywords: Maureen Harmon

15 Jul 2011
Working Paper Summaries

Poultry in Motion: A Study of International Trade Finance Practices

Keywords: by Pol Antras & C. Fritz Foley; Agriculture & Agribusiness

25 Jan 2010
Research & Ideas

A Macroeconomic View of the Current Economy

influencing the cost and availability of money, goods, and services. Macroeconomic forces can conspire to make business more difficult, but they can also present opportunities to executives who know how to,... View Details

Keywords: by Sean Silverthorne

29 Aug 2018
News

The Value of Valleys

company and spend every dollar I had and the few dollars that I didn't have. While a wonderful experience searching for a company, it certainly was a financial hardship. I spent a couple of years working... View Details

1999
Book

The Financing of Catastrophe Risk

By: Kenneth A. Froot

Keywords: Catastrophe Risk; Corporate Finance; Banking And Insurance; Hedging; Banking; Decision Choice And Uncertainty; Financial Markets; Insurance; Policy; Risk Management; Natural Disasters; Cost of Capital; Asset Pricing; Insurance Industry

Citation

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01 Dec 2016
News

Alumni Books of 2016

business endeavors through the lives of ten titans of commerce. Beginning with the Tudor merchants who transformed England’s economy via trade with the New World, the author traces an entrepreneurial golden... View Details

10 Dec 2021
Research & Ideas

Truth Be Told: Unpacking the Risks of Whistleblowing

employees going to regulators for financial motives, or whether people are coming forward when it is needed and they just get compensated for some of the cost they incur.... View Details

Keywords: by April White

01 Jun 2000
News

The Business of Biotech

$1 and $2 billion drugs will give way to $200 to $300 million drugs. That will be a very different world for big drug companies, with different cost structures and resource-allocation processes." And the drug industry won't be the only... View Details

Keywords: Julia Hanna

Raymond P. Kluender

Ray Kluender is an assistant professor in the Entrepreneurial Management Unit, teaching Entrepreneurial Finance to second-year MBA students.

He studies the causes of financial distress among American households and how public policy,... View Details

03 May 2010
Research & Ideas

What Is the Future of MBA Education?

changed, and with it the security that used to come almost automatically with an MBA degree. [ ] High-paying jobs are no longer guaranteed to graduates, and the opportunity costs of two years View Details

Keywords: by Martha Lagace; Education

14 Mar 2019
News

The Merchant of Osaka

inventory problems and dire financial crises—and whatever the symptom, the root cause was usually that the company had lost touch with its customers. “It’s one of the main reasons the country continues to... View Details

Keywords: Health, Social Assistance

14 Mar 2007
Op-Ed

Government’s Misguided Probe of Private Equity

capital." Now modern-day trustbusters have again launched an investigation into collusion in financial services, this time focusing on private-equity firms. The Justice Department is concerned that private-equity firms are teaming up... View Details

Keywords: by Josh Lerner; Financial Services

16 Mar 2009
Research & Ideas

When the Internet Runs Out of IP Addresses

addresses they need. Neither are Web sites demanding IPv6, because Web sites want to be reached by users, and users only run IPv4. In fact, it's even worse than that. Moving to IPv6 too early brings extra costs. For one, there are the standard View Details

Keywords: by Sean Silverthorne; Telecommunications

November–December 2019
Article

Making Sense of Soft Information: Interpretation Bias and Loan Quality

By: Dennis Campbell, Maria Loumioti and Regina Wittenberg Moerman

We explore whether behavioral biases impede the effective processing and interpretation of soft information in private lending. Taking advantage of the internal reporting system of a large federal credit union, we delineate three important biases likely to affect the... View Details

Keywords: Soft Information; Lending; Banking; Information; Financing and Loans; Banks and Banking; Decision Making

Citation

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01 Dec 2014
News

The Far-Reaching Impact of Fellowships

Financial aid provides the foundation for HBS’s need-blind admission policy, ensuring that the cost of attending is not a barrier to entry into the MBA Program. By lessening... View Details

Keywords: fellowships

2024
Working Paper

What Drives Variation in Investor Portfolios? Estimating the Roles of Beliefs and Risk Preferences

By: Mark Egan, Alexander MacKay and Hanbin Yang

We present an empirical model of portfolio choice that allows for the nonparametric estimation of investors' (subjective) expectations and risk preferences. Utilizing a comprehensive dataset of 401(k) plans from 2009 through 2019, we explore heterogeneity in asset... View Details

Keywords: Stock Market Expectations; Demand Estimation; Retirement Planning; Defined Contribution Retirement Plan; 401 (K); Finance; Investment Portfolio; Investment; Retirement; Behavioral Finance; Financial Services Industry; United States

Citation

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"A spectacular achievement" - Library Journal

From the financial fraudsters of Enron, to the embezzlers at Tyco, to the Ponzi schemer Bernie Madoff, the failings of corporate titans are regular fixtures in the news. But what drives wealthy and... View Details

02 Jan 2012
Research & Ideas

Most Popular Articles of 2011

2011 If time is money, as the old adage goes, then a CEO's schedule is especially important to a firm's financial success. This raises a fair question: What do CEOs do all day? To that end, researchers followed the activities View Details

Keywords: by Staff

2017
Working Paper

Digital Agility: The Impact of Software Portfolio Architecture on IT System Evolution

By: Alan MacCormack, Robert Lagerström, Martin Mocker and Carliss Y. Baldwin

The modern industrial firm increasingly relies on software to support its competitive position. However, the uncertain and dynamic nature of today’s global marketplace dictates that this software be continually evolved and adapted to meet new business challenges. This... View Details