Publications

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01 Mar 2019
News

Alumni and Faculty Books for March 2019

adept at discovering new opportunities and turning them into big businesses. The authors reveal their proprietary blueprint for installing a permanent growth capability inside any company, the Growth Operating System, which View Details

1985
Chapter

Stockholder, Manager, and Creditor Interests: Applications of Agency Theory

By: Michael Jensen and Clifford W. Smith Jr.

Keywords: Agency Theory; Business and Shareholder Relations; Financing and Loans; Credit; Borrowing and Debt

SSRN

August 2012 (Revised November 2017)
Case

Turkey—A Work in Progress?

By: Richard H.K. Vietor

For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion more from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country,... View Details

Keywords: Turkey; Economy; Macroeconomics; International Relations; Growth and Development Strategy; Turkey

14 Aug 2014
Working Paper Summaries

The State of Small Business Lending: Credit Access During the Recovery and How Technology May Change the Game

Keywords: by Karen Mills & Brayden McCarthy; Banking; Financial Services

01 Dec 2018
News

Alumni and Faculty Books for December 2018

the author’s debt to Belvedere College and the Jesuits as the great influence on his life philosophy and life choices. McEvoy also reflects on how Irish banks morphed from... View Details

07 Aug 2012
Working Paper Summaries

Financial vs. Strategic Buyers

Keywords: by Marc Martos-Vila, Matthew Rhodes-Kropf & Jarrad Harford

February 1984 (Revised November 1993)
Case

E.I. du Pont de Nemours & Co.--1983

Reviews changes in Du Pont's debt policy from 1965 to 1982. This period ended with a dramatic increase in Du Pont's debt level attendant upon the merger with Conoco. Students are asked to develop a new debt policy for Du Pont in the 1980s. View Details

Keywords: Mergers and Acquisitions; Policy; Borrowing and Debt

July 2014
Case

Paramount Equipment, Inc.

By: Carliss Y. Baldwin and Wei Wang

Paramount Equipment, Inc., based in Fort Wayne, Indiana, is a large manufacturer of cranes and compact construction equipment, aerial work platforms, and food service equipment. Founded in 1987, Paramount now had manufacturing operations in 24 countries. However, it... View Details

Fast Answer

Fixed Income Research: bond data, ratings, and reports

affiliation. LSEG Workspace
Analyst reports available here include those specific to fixed income. Corporate debt and credit ratings are also available under the ‘Debt &... View Details

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 View Details

Keywords: by Kristen Senz

Web

2018 Financial Risk and Regulation Survey - Behavioral Finance & Financial Stability

that under-provision of credit due to excessive regulation posed a great threat to the financial system. Figure 6: In Your View, Do Any of the Following Pose a Threat to the U.S. Financial System? These two main concerns - political risk View Details

21 Apr 2021
Research & Ideas

The Pandemic Conversations That Leaders Need to Have Now

understanding of the facts on the ground, the plans going forward, and the rationale behind those plans. In times of crisis, this function is—in a turn that should surprise no reader by now—more important than ever. Gianpiero Petriglieri... View Details

Keywords: by Boris Groysberg, Robin Abrahams, and Katherine Connolly Baden

October 2015
Teaching Note

Molycorp: Financing the Production of Rare Earth Minerals (A)

By: Benjamin C. Esty and E. Scott Mayfield

Molycorp, the western hemisphere's only producer of rare earth minerals, was in the middle of a $1 billion capital expenditure project in its effort to become a vertically integrated supplier of rare earth minerals, oxides, and metals. Yet it had just reported lower... View Details

October 1991 (Revised January 2002)
Case

Butler Lumber Company

By: Thomas R. Piper

The Butler Lumber Co. is faced with a need for increased bank financing due to its rapid sales growth and low profitability. Students must determine the reasons for the rising bank borrowing, estimate the amount of borrowing needed, and assess the attractiveness of the... View Details

Keywords: Commercial Banking; Financial Crisis; Borrowing and Debt; Financial Strategy; Financing and Loans; Capital Structure; Forecasting and Prediction

13 Apr 2017
News

Bros Don’t Let Bros Lend Money

08 Mar 2016
Research & Ideas

Solving an Economic Mystery Surrounding Argentina and Chile

At the end of the nineteenth century, Argentina was one of the great economic powers in the world—capitalizing on exports of beef and wheat to be a leader in the first wave of globalization. Neighboring Chile was poised for tremendous... View Details

Keywords: by Sean Silverthorne

October 2021
Article

Fintech Borrowers: Lax Screening or Cream-Skimming?

By: Marco Di Maggio and Vincent Yao

Personal credit is the fastest-growing segment of the consumer credit market, mainly driven by fintech lenders' staggering expansion. We study this market using a unique individual-level data, which covers most of the top fintech and traditional lenders, and provides... View Details

Keywords: Fintech; Lending; Consumer Finance; Credit History; Self-control; Present Bias; Financing and Loans; Personal Finance; Credit; Behavior

October 2024
Article

Racial Disparities in the Paycheck Protection Program

By: Sergey Chernenko and David Scharfstein

Using a large sample of Florida restaurants, we document significant racial disparities in borrowing through the Paycheck Protection Program (PPP) and investigate the causes of these disparities. Black-owned restaurants are 25% less likely to receive PPP loans.... View Details

Keywords: Discrimination; Paycheck Protection Program; Economic Injury Disaster Loans; Bank Lending; Nonbank Lending; Banks and Banking; Financing and Loans; Prejudice and Bias; Race