Shocks - Publications - Faculty & Research

31 Aug 2020
Research & Ideas

State and Local Governments Peer Into the Pandemic Abyss

state and local governments, balanced budget requirements force them to save up in advance or beg Congress for federal support.” Most states are required by law to carry balanced budgets and can only borrow to fund capital projects, such as infrastructure improvements.... View Details

Keywords: by Kristen Senz

Portrait Project

Lorrayne Ward

financial gains can detract from the amorphous quest for the greater good. Going forward, I want to walk the fine line between them – to make hospitals profitable while delivering high-quality care to all. I panicked in that dusty pharmacy; View Details

09 Jan 2018
First Look

First Look at New Research and Ideas, January 9, 2018

consider the real effects of bank lending shocks and how they permeate the economy through buyer-supplier linkages. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset incorporating information on... View Details

Keywords: Sean Silverthorne

24 Apr 2014
News

Helping smallholder farmers feed the world

training to impoverished communities worldwide, to create healthy local economies. “More than three million children under age five die each year from preventable, hunger-related causes,” he explains. “That shocks me. I have to make my... View Details

09 Jun 2020
News

How Leaders Are Fighting Food Insecurity on Three Continents

manage a food distribution company and an agricultural investment fund. “Many global experts have underscored that this pandemic is a 12-18 month battle and that we can expect future pandemics and shocks related to climate change and... View Details

Keywords: Agriculture

2017
Working Paper

The Decline of Big-Bank Lending to Small Business: Dynamic Impacts on Local Credit and Labor Markets

By: Brian S. Chen, Samuel G. Hanson and Jeremy C. Stein

Small business lending by the four largest banks fell sharply relative to others in 2008 and remained depressed through 2014. We explore the dynamic adjustment process following this credit supply shock. In counties where the largest banks had a high market share, the... View Details

Keywords: Small Business; Financing and Loans; Banks and Banking; System Shocks; Credit; Labor; United States

Citation

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13 Mar 2011
News

Sympathy and Concern for HBS Alumni in Japan

Dear HBS Alumni, The tragic situation resulting from the earthquake and tsunami in Japan has shocked and saddened the world. On behalf of the Harvard Business School, we extend our deepest sympathy and concern for our alumni and their... View Details

16 Sep 2014
First Look

First Look: September 16

http://www.emeraldinsight.com/doi/abs/10.1108/S1064-4857_2014_0000016007 Working Papers Poverty and Crime: Evidence from Rainfall and Trade Shocks in India By: Iyer, Lakshmi, and Petia B. Topalova Abstract—Does poverty lead to crime? We... View Details

Keywords: Sean Silverthorne

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

shock to the lender's forgiveness policy, my findings suggest that as the lender learns about the extent of borrower communication, the lender tightens its debt forgiveness policy to mitigate default contagion. Publisher's link:... View Details

Keywords: Dina Gerdeman

21 Oct 2013
Research & Ideas

Missing the Wave in Ship Transport

shipping industry, constructing patterns of return for investors. “We were shocked at how predictable the returns are in this industry.” The research results—that heavy investment in a boom depresses future earnings—were unexpected, says... View Details

Keywords: by Kim Girard; Transportation

28 Sep 2018
News

Pushing Progress at Panasonic

transformation, Bloomberg reports, Higuchi is tasked with reconfiguring company culture: During his first week back at Panasonic, Higuchi got a culture shock of his own. At an internal meeting, he took a random chair, only to be informed... View Details

24 Jul 2018
First Look

New Research and Ideas, July 24, 2018

permanent cash flow shocks and transitory discount rate shocks to asset prices and returns. An increase in the cross-country correlations of cash flow shocks raises the risk of... View Details

Keywords: Dina Gerdeman

12 May 2015
Blog Post

"Every Day at HBS is a Gift"

first year and heading into the summer, but we were also shocked to realize that half of our journey was over. There was a resounding feeling of sentimentality; we were all shocked by how close we’d grown... View Details

01 Apr 1997
News

Managing a Master

was being poorly managed." The two men arranged to meet again. A month later in New York City, they shook hands over dinner and agreed to work together. "I was shocked when I discovered how much the music industry favored the record... View Details

Keywords: Jeff Lazar

Profile

Anthony Martore

Coming to HBS is like... A transformational experience that continues to shock me to this day. The frequent access that I have to brilliant minds across so many sectors of global business and academia is unlike any environment I have ever... View Details

29 Jan 2010
News

Back to Glass-Steagall?

President Obama shocked Wall Street recently with his proposal to cut down to size too-big-to-fail banks by imposing new rules to separate commercial and investment activities. Specifically, Obama would prohibit banks that take customers... View Details

Keywords: Roger Thompson; Securities, Commodities, and Other Financial Investments; Finance; Government

09 Nov 2018
Blog Post

Veterans Day Reflections

the once-in-a-lifetime opportunity to experience the case method classroom and walk around an iconic campus. I was shocked and surprised by the personalized attention I received and how interested people were in my military background. I... View Details

25 Aug 2022
News

3-Minute Briefing: Arnon Mishkin (MBA 1989)

of the whole. When Trump had a horrible news week, we saw in the polls that Hillary Clinton didn’t make any gains as a result of his missteps. The joke I used to make about the 2016 presidential election is, “We were shocked but not... View Details

Keywords: elections; consulting; analysis; polls

13 Jun 2017
Research & Ideas

Why Global Investments Are Still a Good Bet

money when those shocks occur. “They should be less concerned about that, because they can ride out those waves,” says Viceira. Thus, for investors looking beyond a 10- to 20-year time frame—including individuals saving for retirement,... View Details

Keywords: by Michael Blanding; Financial Services

Profile

Brendan Mosher

sufficient to end his military career. Making new plans "That was a very tough time," Brendan says, "a real shock to the next five to ten years I had planned out." As Brendan considered his options, he launched a... View Details

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