Local Government Finance - Publications - Faculty & Research

2023
Working Paper

Saving and Consumption Responses to Student Loan Forbearance

How do households adjust savings and consumption in response to liquidity from debt relief? I study this question using policy variation induced by federal student loan forbearance in the 2020 CARES Act and an individual-level panel of daily financial transactions for... View Details

Keywords: Saving; Consumer Behavior; Borrowing and Debt; Interest Rates; Financial Liquidity; Personal Finance; Government Legislation

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SSRN

02 Oct 2012
First Look

First Look: October 2

Publications Corporate Social Responsibility and Access to Finance Authors: Beiting Cheng, Ioannis Ioannou, and George Serafeim Publication: Strategic Management Journal (forthcoming) Abstract In this paper, we investigate whether... View Details

Keywords: Sean Silverthorne

01 Mar 2016
News

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organizational change initiatives with broad implications for state and local governments. But that information, despite being in the lead, doesn’t come up until the very end, and then is only briefly referenced as one might see if... View Details

Profile

Andrew Goldin

participated in the summer Analytics program. "It was extremely helpful in bringing me up to speed with finance and accounting," says Andrew. "The program was a great opportunity to become familiar with the HBS campus and... View Details

Profile

Hiroshi Mikitani

richest person in Japan. His skills as an entrepreneur became legend in his home country and around the world. Given the challenges entrepreneurs face in Japan—a dearth of venture capital, daunting government regulations and the... View Details

28 Oct 2024
Blog Post

It Takes a Village: Global Field Courses at Harvard Business School

proposed by the faculty and are in line with their expertise and regional interests, but also consequential for the local partners the students are engaging with. So, the result is quick, intensive learning that is often put to practice... View Details

Web

HBSGrid Terms of Service - Research Computing Services

accepted the statements in this agreement and that you agree to comply with applicable policies and laws governing the use of Harvard Business School’s technology resources and the protection of data privacy. Account Creation Requirements... View Details

01 Dec 2020
News

Two Truths and a Lie About 5G

Frédéric Genta (MBA 2011), a member of Monaco government in charge of digital transformation. In short order, Monaco Telecom made public Wi-Fi available without the need for fiber, and its fire department can now deploy drones with... View Details

Keywords: Jen McFarland Flint

01 Mar 2010
News

Faculty Books

financial globalization; and the challenges and policies of large economies. The cases, set in Africa, Asia, Europe, Latin America, and the United States, approach these themes by exploring institutional detail in deep local context,... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Management

Web

Law, Management and Entrepreneurship - Course Catalog

transactions. The course will also explore legal issues involved in starting, joining or investing in start-ups and decision making from the time an entrepreneur conceives, starts to build and obtains financing through development of exit... View Details

Article

The Harmonization of Lending Standards within Banks through Mandated Loan-Level Transparency

By: Jung Koo Kang, Maria Loumioti and Regina Wittenberg-Moerman

We explore whether the introduction of transparent reporting rules increases credit standard harmonization within a bank. We exploit the new loan-level reporting rules imposed on banks that borrow from the European Central Bank using repurchase agreements... View Details

Keywords: Transparency; External And Internal Reporting; Credit Term Harmonization; Regulatory Scrutiny; Banks and Banking; Credit; Financial Reporting; Governing Rules, Regulations, and Reforms; Learning

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April 2011
Teaching Note

Consumer Lending in Japan: Citi CFJ (TN) (A) & (B)

By: J. Gunnar Trumbull

Teaching Note for 709017 and 710018. View Details

Keywords: Profit; Saving; Situation or Environment; Mergers and Acquisitions; Governing Rules, Regulations, and Reforms; Japan

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Article

Regulating Hospital Prices Based on Market Concentration Is Likely to Leave High-Price Hospitals Unaffected

By: Maximilian J. Pany, Michael E. Chernew and Leemore S. Dafny

Concern about high hospital prices for commercially insured patients has motivated several proposals to regulate these prices. Such proposals often limit regulations to highly concentrated hospital markets. Using a large sample of 2017 US commercial insurance claims,... View Details

Keywords: Health Care Providers; Hospitals; Insurance Market Regulation; Price Regulation; Markets; Health Care and Treatment; Cost; Quality; Insurance; Price; Governing Rules, Regulations, and Reforms

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October 2007
Background Note

Price Formation

By: Joshua D. Coval and Erik Stafford

Investigates how prices are formed in competitive capital markets. Focuses on a single security called AOE. Students compete with computer traders and each other for market making and informed trading profits. Participants receive a variety of public news in the form... View Details

Keywords: Capital Markets; Price; Profit; Corporate Disclosure; Newsletters; Industry Structures; Business Processes; Competitive Strategy

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Educators

Article

Media versus Special Interests

By: Alexander Dyck, David Moss and Luigi Zingales

We argue that profit-maximizing media help to overcome the rational ignorance problem highlighted by Anthony Downs. By collecting news and combining it with entertainment, media are able to inform passive voters about regulation and other public policy issues, acting... View Details

Keywords: Media; Profit; Government and Politics

November 2013 (Revised March 2014)
Technical Note

Tax Havens

By: Eric Werker, Sebastian Berardi, Stelios Elia, Omar Muakkassa and James Zumberge

Multinational corporations and wealthy individuals often use so-called tax havens to establish subsidiaries or holding companies in order to rebalance profits across borders with the primary purpose of lowering their effective tax rate. This note describes the use of... View Details

Keywords: Tax Havens; Saving; Taxation

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