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Show Results For
- All HBS Web
(5,049)
- People (2)
- News (900)
- Research (3,685)
- Events (38)
- Multimedia (42)
- Faculty Publications (2,582)
- Article
Optimal Value and Growth Tilts in Long-Horizon Portfolios
By: Jakub W. Jurek and Luis M. Viceira
We develop an analytical solution to the dynamic portfolio choice problem of an investor with power utility defined over wealth at a finite horizon, who faces a time-varying investment opportunity set, parameterized using a flexible vector autoregression. We apply this... View Details
Keywords: Decision Choices and Conditions; Private Equity; Investment; Investment Portfolio; Asset Pricing; Value
Jurek, Jakub W., and Luis M. Viceira. "Optimal Value and Growth Tilts in Long-Horizon Portfolios." Review of Finance 15, no. 1 (January 2011): 29–74.
- 17 Nov 2003
- Research & Ideas
The Business of Babies
defects to their children, single parents, fertile adopters, and "gender selectors" who want a baby boy (or girl) at any cost. "We're not talking about demand for potato chips," said Spar. "This is the kind of demand that becomes an obsession.... View Details
- 01 Dec 2016
- News
Ask the Expert: Energy’s Next Era
toward renewables, it also moves from variable cost to fixed cost—from an Opex world to a Capex one. How should pricing evolve to reflect a Capex world and induce consumption when energy is abundant and prevent it when it isn’t? —Catarina... View Details
- 01 Sep 2024
- News
Alumni Books
deprives owners of the time and ability to do what they do best, which further dampens individual economic achievement. Thanks to the “residential real estate pricing cartel,” the authors say homeownership has become so costly that it has... View Details
- 10 Jun 2002
- Research & Ideas
How to Look at Globalization Now
theoretical model that looks beyond its idiosyncratic elements. Looking at prices alone is insufficient to look at the relative viability of globally standardized vs. locally customized products.— Pankaj Ghemawat The case concerns STAR... View Details
Keywords: by Martha Lagace
- 01 Sep 2014
- News
Innovation: Revenge of the Nerds
business owners in need of strategic planning and competitive analysis. When the team pitched the HourlyNerd model to classmates at FIELD 3’s simulated stock market, which allows peer “investors” to evaluate the business plans, the stock View Details
Keywords: April White
- 02 Feb 2010
- First Look
First Look: Feb. 2
level thanks to the extreme form of fiscal decentralization that the Brazilian government adopted in the Constitution of 1891, which gave states the sole right to tax exports. We also use indices of export prices for each state as... View Details
Keywords: Martha Lagace
- 1992
- Chapter
Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market
By: J. Frankel and K. A. Froot
Keywords: Currencies; Exchange Rates; International Macroeconomics; Monetary Policy; Currency Controls; Fixed Exchange Rates; Floating Exchange Rates; Currency Bands; Currency Zones; Currency Areas; Rational Expectations; International Finance; Currency Exchange Rate; Asset Pricing; Forecasting and Prediction; Policy
Frankel, J., and K. A. Froot. "Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market." In International Business Reader, edited by D. Duta. London: Oxford University Press, 1992. (Revised from IMF Working Paper No. 90/43 and NBER Working Paper No. 3470, October 1990.)
- 1993
- Working Paper
Currency Hedging Over Long Horizons
By: K. A. Froot
This paper reexamines the widely-held wisdom that the currency exposure of international investments should be entirely hedged. It finds that the previously documented ability of hedges to reduce portfolio return variance holds at short horizons, but not at long... View Details
- 24 Apr 2014
- News
Fostering financial freedom for low-income individuals
1998, and the “Love Our Local Business” program, which encourages growth for small businesses by giving grants to entrepreneurs. In India, Intuit’s free mobile application, Fasal, has connected 1.5 million farmers with agents to get fair-market View Details
- 01 Dec 2005
- News
India’s Oil
areas of concern: pressure on government spending, the need to attract domestic and foreign investment, and oil prices. “I think oil prices are outrageous,” said Chidambaram, whose country imports 70 percent of its petroleum.... View Details
- June 2009
- Teaching Note
Curled Metal Inc. - Engineered Products Division (TN)
Teaching Note for [709434]. View Details
Keywords: Sales; Product Development; Customers; Business Divisions; Price; Business Strategy; Cost; Production; Mining Industry
- June 2001 (Revised December 2006)
- Case
Role of Capital Market Intermediaries in the Dot-Com Crash of 2000, The
By: Krishna G. Palepu and Gillian D Elcock
Set in the context of the rise and fall of the Internet stocks in the United States. View Details
Keywords: Stocks; Price Bubble; Capital Markets; Investment Banking; Information Technology Industry; Financial Services Industry; United States
Palepu, Krishna G., and Gillian D Elcock. "Role of Capital Market Intermediaries in the Dot-Com Crash of 2000, The." Harvard Business School Case 101-110, June 2001. (Revised December 2006.)
- 01 Mar 2009
- News
Your Taxi Is Waiting
term familiar to every good HBS student. With its relatively low price tag (about $2.8 million) and low operating costs (40 percent less than existing small jets), the twin-engine Mustang and other “very light jets” (VLJs) represent a... View Details
- 23 Aug 2004
- Research & Ideas
New Challenges for Long-Term Investors
Viceira: I think that the best example to understand this is to look at U.S. Treasury bonds. Over short horizons, bond prices fluctuate as interest rates change. Increases in interest rates cause bond prices... View Details
Keywords: by Ann Cullen
- 13 Jul 2009
- Research & Ideas
Diagnosing the Public Health Care Alternative
multiplied by a marginal Federal borrowing cost of 3 percent), eliminating any price advantage of Medicare. The comparison between the administrative expenses of private insurers and Medicare also ignores the fact that Medicare pays no... View Details
- 21 Jun 2004
- Research & Ideas
Music Downloads: Pirates—or Customers?
industry consider peer-to-peer services as marketing tools rather than the enemy? Should online pricing be different from in-store pricing? What happens when broadband makes it as easy to illegally download an entire CD as an individual... View Details
- 08 Sep 2020
- Sharpening Your Skills
Capitalism Works Better When I Can See What You're Doing
Transparency, the concept if not the reality, is all the rage in business circles. If you knew why a company charged a certain price for a product, would you be more willing to pay it? If your boss confessed her managerial screw-ups,... View Details
Keywords: by Sean Silverthorne
- 09 Feb 2012
- Sharpening Your Skills
Sharpening Your Skills: Online Marketing
Harvard Business School professor Benjamin G. Edelman discusses the paper's findings. Key concepts include: Discount vouchers provide price discrimination, letting merchants attract consumers who would not ordinarily patronize their... View Details
- 01 Oct 1999
- News
Finance Conference Explores Research Methodologies
At a session on information and prices, HBS associate professor Benjamin C. Esty presented a paper detailing how the price of an unusual security could be used to extract the market's best guess of the size and basis for the resolution of... View Details