Publications

March 2014
Article

Cyclicality of Credit Supply: Firm Level Evidence

By: Bo Becker and Victoria Ivashina

Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time series. While loan issuance falls in recessions, it is not clear if this is due to... View Details

Keywords: Business Cycles; Borrowing and Debt; Credit; Banks and Banking; Bonds; Financial Markets; Financing and Loans; Banking Industry

SSRN

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01 Sep 2013
News

Faculty Books

Manufacturing Morals: The Values of Silence in Business School Education by Michel Anteby (University of Chicago Press) How does HBS try to ensure that its faculty and students embrace proper business standards? Associate Professor Anteby finds that silence plays a... View Details

Keywords: Publishing Industries (except Internet); Information; Colleges, Universities, and Professional Schools; Educational Services

01 Mar 2008
News

Lessons from Private Equity

mantle of a possible acquirer and to develop a clear picture of its full potential. They need to step out of the twelve- to eighteen-month budget-planning cycle and ask, “Which handful of key initiatives, either undertaken from scratch or... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services; Securities, Commodities, and Other Financial Investments; Finance; Management

01 Dec 2017
News

2017 in Real Estate: A Local Business Goes Global

increasing geopolitical risks. This was a year of uncertainty: There was a new American president inaugurated; big election cycles in France, Germany, and Italy; and the question of Brexit. You would expect all those things to slow the... View Details

Keywords: Real Estate

18 Oct 2010
Lessons from the Classroom

Venture Capital’s Disconnect with Clean Tech

sector. This is a big problem when product development cycles and election cycles don't mesh; government funding may be available with one administration and gone with the next. Consider California's Global... View Details

Keywords: by Carmen Nobel; Energy; Utilities; Financial Services

Web

Articles - Institute For Strategy And Competitiveness

co-create a bundled payment offering that covers a complete cycle of care for rotator cuff repairs. This innovative reimbursement approach should encourage value-based health-care delivery. An Intelligent Redesign of Health Care HARVARD... View Details

December 2017 (Revised January 2024)
Case

Globalization Past, 1850–1914 (A)

By: Sophus A. Reinert and Federica Gabrieli

On the evening of 3 August 1914, British Foreign Secretary Lord Edward Grey contemplated whether to advise King and Parliament to declare war on Germany in the wake of the country’s invasion of Belgium or to stay out of what quickly was becoming a world war triggered... View Details

Keywords: The World; The Rise And Fall Of Globalization; World War; Globalization; War; Economics; Trade; Business Cycles; Economic Growth; Economic Slowdown and Stagnation; Society; History; Values and Beliefs; Macroeconomics

24 Apr 2014
News

A game-changer for migrant students

whose young lives were spent as migrant farm workers. Although Curiel was able to go to college, a basic education for children who live by the cycle of fruit harvests is often out of reach. The nonprofit helps migrant students prepare... View Details

Article

Technology Diffusion and Postwar Growth

By: Diego A. Comin and Bart Hobijn

In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that saw an acceleration in the speed of adopting... View Details

Keywords: Hardware; Country; Business Cycles; Globalized Economies and Regions; Economic Growth; Welfare or Wellbeing; War; Technology Industry; United States; Japan; Europe

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Profile

Ben Seipel

seizing a post-graduation, pre-child-raising opportunity to cycle across the country. When they return, they plan to settle in Boston where Ben has accepted a sales development role with Google, and Kate has found a law firm position.... View Details

Keywords: Tech

September 2014 (Revised May 2015)
Case

The United Kingdom and the Means to Prosperity

By: Laura Alfaro, Lakshmi Iyer and Hilary White

After struggling through the country's longest recession since 2008, the U.K. was expected to grow faster than any other G7 nation in 2014. Analysts wondered whether the return to growth was because, or in spite of, Prime Minister David Cameron's controversial £113... View Details

January 2000 (Revised April 2000)
Case

StarMedia: Launching a Latin American Revolution

By: Thomas R. Eisenmann and Jon K Rust

By the fall of 1999, StarMedia had sprinted to a sizable lead in the race to acquire Latin American Internet users. Its pan-regional, horizontal portal was the first to target Spanish- and Portuguese-language speakers on the Internet, registering 1.2 billion page views... View Details

Keywords: Private Ownership; History; Risk Management; Business Cycles; Corporate Entrepreneurship; Infrastructure; Media; Emerging Markets; Cross-Cultural and Cross-Border Issues; Web; Information Technology Industry; Web Services Industry

2023
Working Paper

How Resilient Is Venture-Backed Innovation? Evidence from Four Decades of U.S. Patenting

By: Sabrina T. Howell, Josh Lerner, Ramana Nanda and Richard Townsend

Despite theoretical predictions to the contrary, corporate innovation is strongly pro-cyclical. In this paper, we compare innovation in the economy as a whole to that of firms backed by venture capital (VC), a source of capital associated with the most impactful young... View Details

Keywords: Recessions; Venture Capital; Innovation and Invention; Patents; Business Cycles; Economic Slowdown and Stagnation