Publications

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13 Aug 2019

Boston Future Leadership MBA + Engineering Multi-School Event

Connect with Admissions Officers and alumni to learn about the Harvard MS/MBA Program (Joint degree between SEAS & HBS). Kellogg School of Management, University of Michigan Tauber Institute for Global Operations, and MIT Leaders for... View Details

15 Aug 2018

Future Leadership: MBA + Engineering Multi-School Event

Connect with Admissions Officers and alumni to learn about the Harvard MS/MBA Program (Joint degree between SEAS & HBS). Kellogg School of Management, University of Michigan Tauber Institute for Global Operations, and MIT Leaders for... View Details

11 Jul 2018

Future Leadership MBA + Engineering Multi-School Event

Connect with Admissions Officers and alumni to learn about the Harvard MS/MBA Program (Joint degree between SEAS & HBS). Kellogg School of Management, University of Michigan Tauber Institute for Global Operations, and MIT Leaders for... View Details

15 Feb 2000
Research & Ideas

Growing Pains: Prescriptions for U.S. Health Care

has become adept at handling complex medical problems (the market's high-end need) but is no longer able to treat simple conditions (low-end need) with any semblance of cost-effectiveness. Enter managed care, a disruptive technology that tries to control expenses by... View Details

Keywords: by Staff; Health

13 Nov 2018
News

Building a New Real Estate Investment Model

small mom-and-pop operations, who often feel economic pressure themselves in rapidly gentrifying communities as taxes and other costs rise. Only 2 percent are owned by large institutional investors, and most of those homes are located in... View Details

Keywords: April White; Real Estate

13 Jun 2014
News

The Art of Effecting Change

boards of several Boston organizations, including The Windsor School, MATCH Education, the Telluride Foundation, and the Institute of Contemporary Art (ICA), which she describes as "all incredible, impact-oriented nonprofit organizations... View Details

Keywords: Jill Radsken; Arts, Entertainment

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

Find at Harvard

July 2016 (Revised January 2017)
Case

Banking on Change: Aligning Culture and Compensation at Morgan Stanley

By: Malcolm S. Salter

This case study was prepared as part of a research project on Culture, Conduct, and Governance in Financial Firms. The objective of this project is to compare and contrast the efforts of U.S. and European banks to induce changes in organization culture in the aftermath... View Details

Keywords: Business or Company Management; Corporate Accountability; Ethics; Organizational Culture; Corporate Governance; Banks and Banking; United States; Europe

February 2008 (Revised October 2010)
Case

Mellon Financial and The Bank of New York

By: Carliss Y. Baldwin and Ryan Taliaferro

Bob Kelly, the new CEO of Mellon Financial, is considering the terms of a proposed "merger of equals" with The Bank of New York, just before the final Board meeting to approve the deal. The combination offers a great strategic fit, and the expected synergies are large.... View Details

Keywords: Mergers and Acquisitions; Equity; Banks and Banking; Business and Shareholder Relations; Valuation; Banking Industry; Pittsburgh

March 2006 (Revised November 2006)
Case

China: To Float or Not To Float? (D)- Bank of America's Strategic Investment in China Construction Bank

By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel

With its $3 billion investment in Chinese state bank China Construction Bank, Bank of America--the second U.S. bank behind Citigroup in terms of assets and market capitalization--was one of several foreign banks directly participating in China's banking sector reform.... View Details

Keywords: Currency Exchange Rate; Banks and Banking; Foreign Direct Investment; International Relations; Banking Industry; China; United States

December 2002 (Revised January 2004)
Case

Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (A)

By: Benjamin C. Esty and Aldo Sesia

In June 1999, the Basel Committee on Banking Supervision announced plans to revise the capital standards for banks. The Basel Committee believed that project loans were significantly riskier than corporate loans and, therefore, warranted higher capital charges under... View Details

Keywords: Risk and Uncertainty; Project Finance; Financing and Loans; Projects; Standards; Banks and Banking; Banking Industry