Liquidity - Publications - Faculty & Research

05 Jun 2012
First Look

First Look: June 5

issuance and for trading in the secondary market and are robust to a series of bond and issuer controls, including issuer fixed effects as well as liquidity and duration. Comparison of the ex-post performance of bonds acquired by... View Details

Keywords: Sean Silverthorne

11 Oct 2022
Research & Ideas

Shrinking the Racial Wealth Gap, One Mortgage at a Time

Taints Customer Service: Evidence from 6,000 Hotels A World of Difference: What Keeps Companies from Becoming More Inclusive Measuring the Perceived Liquidity of the Corporate Bond Market Feedback or ideas to share? Email the Working... View Details

Keywords: by Rachel Layne; Financial Services

22 Aug 2007
Research & Ideas

The Hedge Fund as Activist

perspective of the activist, termination via merger or acquisition additionally helps solve the problem of how to exit the sizable position in the target. In a merger or acquisition, the activist exits in cash or with stock of a larger, more View Details

Keywords: by Robin Greenwood; Financial Services

October 2024 (Revised January 2025)
Case

Citizens of the World: The International Legacy of Gloria von Thurn und Taxis

By: Lauren Cohen, Maximilian Form and Sophia Pan

When her husband passed away and inheritance taxes struck, Princess Gloria von Thurn und Taxis took decisive action to preserve her family’s fortune and legacy. The Thurn und Taxis family, one of Europe’s oldest aristocratic dynasties, had built their wealth through... View Details

Keywords: Family Office; Real Estate; Legacy; International Business; Family Business; Economy; Macroeconomics; Financial Crisis; Financial Liquidity; Investment; Global Strategy; Reputation; Diversification; Wealth; Taxation; Germany

Citation

Educators

Purchase

01 Dec 2002
News

Bad Times for Business

the world for their ability to minimize transaction costs, maximize liquidity and access, and fund a lot of very innovative and complex businesses. Unfortunately, the same forces that made markets so liquid... View Details

Keywords: Garry Emmons

14 Mar 2011
Research & Ideas

Keeping Credit Flowing to Consumers in Need

preserve liquidity and affordability? What will be the implications for young families, particularly low- to moderate-income families? Is the American dream of homeownership to be abandoned? In the midst of partisan debate, I hope to add... View Details

Keywords: by Sean Silverthorne; Financial Services; Construction; Real Estate

17 Nov 2022
News

Blockchain for Good

cash, which is held by a regulated third party in a segregated account. “Holding 100 percent liquid collateral for our stablecoins eliminates any risk of a bank run, which is something no other provider can claim,” she notes. As the... View Details

Keywords: Ralph Ranalli

12 Jul 2016
First Look

July 12, 2016

model is defaultable bank liabilities that provide liquidity services to households. The quality of the liquidity services provided by bank liabilities depends on their safety in case of default. Commercial... View Details

Keywords: Sean Silverthorne

09 Feb 2009
Research & Ideas

Uncompromising Leadership in Tough Times

that avoids liquidation of human and cultural assets." The book looks broadly at what it takes to build a high commitment, high performance (HCHP) system inside companies. It asks and answers questions such as: What outcomes must... View Details

Keywords: by Martha Lagace

20 Aug 2012
Research & Ideas

The Acquirers

between the average interest rate on commercial and industrial loans and the federal funds rate, moved in opposite directions with merger activity. This spread, the researcher argued, enabled more M&A liquidity and easier financing.... View Details

Keywords: by Kim Girard; Financial Services

October 2009 (Revised July 2014)
Teaching Note

New Century Financial Corporation

By: Suraj Srinivasan and Krishna G. Palepu

Teaching Note for [109034] and [113-002]. View Details

Keywords: Management Practices and Processes; Business Model; Financial Liquidity; Insolvency and Bankruptcy; Managerial Roles; Accounting Audits; Financial Crisis; Financial Services Industry; United States

Citation

Purchase

11 Aug 2009
First Look

First Look: August 11, 2009

argue that time-series variation in the maturity of aggregate corporate debt issues arises because firms behave as macro liquidity providers, absorbing the large supply shocks associated with changes in the maturity structure of... View Details

Keywords: Martha Lagace

02 Jan 2014
News

The Power to Change

light-water nuclear plants, the young scientists' reactor runs on radioactive fuel dissolved into liquid molten salt. In theory at least, that means it can use nuclear waste from conventional plants as fuel and that it needs no active,... View Details

Keywords: Ralph Ranalli; Business and Environment Initiative; Scientific Research and Development Services

22 Apr 2002
Lessons from the Classroom

Entrepreneurship: It Can Be Taught

of students and try to anticipate what their entrepreneurial experience is likely to be, will it be different than it has been in the past? PM: I think we'll see the late 1990s as a unique time, for the simple reason that many of the entrepreneurial ventures had a... View Details

Keywords: by Staff

16 Feb 2004
Research & Ideas

European Private Equity—Still a Teenager?

companies show signs of a heartbeat, the ability to get liquidity is much harder, he continued. "It's something we tend to refer to as 'equity jail.'" Investors also need to adjust their time horizons for Europe, added... View Details

Keywords: by Martha Lagace; Financial Services

19 Sep 2017
Working Paper Summaries

An Invitation to Market Design

.ExternalClass535E8B0AB65740BCB51D3AB82FC0F8CE p.MsoNormal, .ExternalClass535E8B0AB65740BCB51D3AB82FC0F8CE li.MsoNormal, .ExternalClass535E8B0AB65740BCB51D3AB82FC0F8CE div.MsoNormal... View Details

Keywords: by Scott Duke Kominers, Alexander Teytelboym, and Vincent P. Crawford

December 2004 (Revised May 2005)
Case

Levenger Company

By: Myra M. Hart, Kristin Lieb and Victoria Winston

The Leveens started a high-end catalog business as a small home-based venture in 1987. It grew into a nationally recognized, $60 million company, offering products that ranged from unique pens and pencils to leather briefcases and fully furnished offices. In 1999, it... View Details

Keywords: Strategic Planning; Financial Liquidity; Business Exit or Shutdown; Expansion; Business Growth and Maturation; Value; Entrepreneurship; Financing and Loans; Globalization; Business Startups; Growth and Development Strategy; Retail Industry; United States

Citation

Educators

Purchase

03 Jun 2014
First Look

First Look: June 3

educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load but needed to arrange debtor in possession financing to provide liquidity while... View Details

Keywords: Sean Silverthorne

18 May 2017
News

Pioneer Spirit

liquid hydrogen rocket engine that was subsequently used in many of the major space exploration programs, and Fern taught in the first public high school in Palm Beach County to be integrated.” One of the goals the couple had when they... View Details

Keywords: Constantine von Hoffman

January 2022
Technical Note

Introduction to Capital Structure Analytics

By: Samuel Antill and Ted Berk

This technical note provides an overview of key analytical approaches that are useful in assessing the appropriateness of a firm’s capital structure and funding plan. This note introduces basic quantitative tools and metrics that are commonly used as inputs to this... View Details