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Show Results For

  • All HBS Web  (757)
    • News  (189)
    • Research  (451)
    • Events  (1)
    • Multimedia  (11)
  • Faculty Publications  (262)
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  • 24 Sep 2020
  • Research & Ideas

Financial Meltdowns Are More Predictable Than We Thought

preceded almost two-thirds of the crises that the group studied. [div class=infogram-embed data-id=_/osdbisc0IhavYSXnpdhr][/div] Hanson says that understanding the R-zone could help policymakers take steps to cool down financial markets that are overheating, such as... View Details
Keywords: by Danielle Kost; Financial Services
  • 20 Jan 2017
  • Research & Ideas

Here’s How Businessman Trump Is Likely to Approach the Presidency

could be a good start. But on both of these fronts, the policy details will matter when it comes to what small businesses need to grow and succeed. On the regulatory front, as I have written in a recent working paper, small business View Details
Keywords: by Christina Pazzanese
  • 22 Apr 2014
  • First Look

First Look: April 22

Shawn A., Martin Kanz, and Leora Klapper Abstract—This paper uses a series of experiments with commercial bank loan officers to test the effect of performance incentives on risk assessment and lending decisions. We first show that while... View Details
Keywords: Sean Silverthorne
  • 15 Jan 2013
  • First Look

First Look: January 15

particular setting. This paper exploits a plausibly exogenous change in the liability structure offered by a microfinance program in India, which shifted from individual to group liability lending. We find evidence that the lending model... View Details
Keywords: Sean Silverthorne
  • 25 Mar 2013
  • Research & Ideas

How Chapter 11 Saved the US Economy

financing, new lenders are given priority in the capital structure. This is a critical incentive because it spurs banks and other creditors to lend to companies in Chapter 11 by giving them senior status, effectively letting them stand in... View Details
Keywords: by Kim Girard; Financial Services
  • 07 Aug 2012
  • First Look

First Look: August 7

incentives on risk assessment and lending decisions. We first show that while high-powered incentives lead to greater screening effort and more profitable lending, their power is muted by both deferred compensation and the limited... View Details
Keywords: Sean Silverthorne
  • 15 Jun 2010
  • First Look

First Look: June 15

at the firm level, we can directly address how the composition of firms raising finance varies through time. We find strong evidence of substitution from bank loans to bonds at times characterized by tight lending standards, high levels... View Details
Keywords: Martha Lagace
  • 22 Jun 2010
  • First Look

First Look: June 22

Focuses on the decisions made post-fire and the rebuilding process and eventual bankruptcy of the company. Also outlines creditors' struggle to decide whether to lend Feuerstein additional funds to enable him to regain control of the... View Details
Keywords: Martha Lagace
  • 12 Dec 2006
  • First Look

First Look: December 12, 2006

technology or by the requirements of incentives and efficiency. I'll first consider a range of examples, from slavery and indentured servitude (which once were not as repugnant as they now are) to lending money for interest (which used to... View Details
Keywords: Martha Lagace
  • 14 Oct 2009
  • First Look

First Look: October 14

and one external—and ends with the senior management team debating the candidates' merits. Purchase this case: http://cb.hbsp.harvard.edu/cb/product/410055-PDF-ENG Consumer Lending in Japan: Citi CFJ (B) Harvard Business School Supplement... View Details
Keywords: Martha Lagace
  • 20 Nov 2007
  • First Look

First Look: November 20, 2007

ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financial development, lending rates, and the quality of intermediation, as well as employment and investment. Credit markets... View Details
Keywords: Martha Lagace
  • 28 May 2013
  • First Look

First Look: May 28

widespread fraud in mortgage lender NovaStar Financial. The case is set in the time period from 2001 to 2007 and tracks the growth of the subprime industry and its collapse leading to the financial crisis. The case describes the business model of NovaStar, a leading... View Details
Keywords: Sean Silverthorne
  • 04 Nov 2014
  • First Look

First Look: November 4

for a reduction in financial expenditures due to the subsidies accompanying loans. However, BNDES does not systematically lend to underperforming firms. Our results indicate that BNDES subsidizes firms that could fund their projects with... View Details
Keywords: Sean Silverthorne
  • 06 Feb 2018
  • First Look

First Look at New Research and Ideas: February 6, 2018

https://www.hbs.edu/faculty/Pages/item.aspx?num=53888 Marketplace Lending: A New Banking Paradigm? By: Vallée, Boris, and Yao Zeng Abstract—Marketplace lending relies on large-scale loan screening by investors, a major deviation from the... View Details
  • 06 Mar 2012
  • First Look

First Look: March 6

longer at the beginning or end. Credit Access and Social Welfare: The Rise of Consumer Lending in the United States and France Author:Gunnar Trumbull Publication:Politics and Society 40, no. 1 (2012) Abstract Research into the causes of... View Details
Keywords: Sean Silverthorne
  • 23 Aug 2010
  • Research & Ideas

The Drive to Acquire’s Impact on Globalization

all parties while others inherently benefit the rich and strong at the expense of the poor and weak. Furthermore, some can be beneficial but also lend themselves to abuse, especially by people without a conscience, and therefore call for... View Details
Keywords: by Paul R. Lawrence
  • 13 Sep 2004
  • Research & Ideas

Cash and the Woman-Owned Business

businesses are also becoming more accessible. Financing through government-sponsored lending programs such as the 7(a) General Business Loan Guaranty program, the Certified Development Company (504) loan program, and the Microloan program... View Details
Keywords: by Candida Brush, Nancy M. Carter, Elizabeth Gatewood, Patricia G. Greene & Myra M. Hart
  • 01 Jul 2013
  • Research & Ideas

Crowdfunding a Poor Investment?

money to invest. Associate Professor Ramana Nanda further differentiates between crowdfunding through donations or lending and equity crowdfunding. In the case of donations, which is currently much more common, funders expect little if... View Details
Keywords: by Michael Blanding; Financial Services
  • 20 Mar 2012
  • First Look

First Look: March 20

aligning preferences via employee selection may provide a useful alternative. This study investigates this idea empirically using personnel and lending data from a financial services organization that implemented a highly decentralized... View Details
Keywords: Sean Silverthorne
  • 24 Jan 2012
  • First Look

First Look: Jan. 24

Options include closing plants, exiting a business, or undertaking a major headcount reduction. Includes a description of Hexcel's private equity relationship with Goldman Sach's Capital Partners and presents the financial challenges of renegotiating bank View Details
Keywords: Sean Silverthorne
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