Publications

January 2021 (Revised March 2021)
Case

Juno (A): Leveraging Student Power

By: Joshua Schwartzstein, Kathleen L. McGinn and Amy Klopfenstein

In March 2020, Chris Abkarians and Nikhil Agarwal were in the midst of preparing the annual auction for their student loan assistance startup, Juno. Both current MBA students at Harvard Business School, the duo founded Juno in 2018 to leverage student bargaining power... View Details

20 May 2019
News

What it can mean for Morehouse grads to have loans paid off by Robert Smith

01 Feb 2017
What Do You Think?

Is the Next Jobs Crisis Just Ahead?

Summing Up: Should We Be Addressing the Next Jobs Crisis Now? An unusual proportion of respondents to this month’s column agreed either explicitly or implicitly on one thing: a looming service sector jobs View Details

Keywords: by James Heskett; Service

29 Sep 2008
Research & Ideas

Financial Crisis Caution Urged by Faculty Panel

"This is not simply a liquidity crisis or simply a problem of a messed-up financial system," said Merton. Standard financial models remove some of the mystery about what has happened and make the financial View Details

Keywords: by Martha Lagace; Financial Services

October 2007 (Revised May 2008)
Case

Transforming Korea Inc: Financial Crisis and Institutional Reform

By: Laura Alfaro and Renee Kim

South Korea, as one of the Asian "tiger" economies, transformed itself into the world's 11th largest economy and major exporter by 1996, emerging from being one of the lowest income countries in the region back in the 1960s. Yet one year later in 1997, Korea was swept... View Details

Keywords: Development Economics; Financial Crisis; Governing Rules, Regulations, and Reforms; Business and Government Relations; South Korea

April 2011 (Revised June 2014)
Case

Securities Lending After the Financial Crisis

By: Robert C. Pozen and Gayle Hameister

In April 2009, Wendy Jefferson had just returned to her office following a whirlwind day of meetings with her newest client, Star Advisor. Jefferson, a financial services consultant, was eager to dig into the information provided to her and her team about the Star... View Details

Keywords: Business Earnings; Debt Securities; Financing and Loans; Investment Funds; Governing Rules, Regulations, and Reforms; Information

January 2021 (Revised March 2021)
Supplement

Juno (C): Leveraging Student Power

By: Joshua Schwartzstein, Kathleen L. McGinn and Amy Klopfenstein

In May 2020, Juno co-founders Chris Abkarians and Nikhil Agarwal decided to hold the annual auction for their student loan assistance startup. Five lenders submitted bids, and the co-founders ultimately opted to select Eager Bank as their partner for the 2020-2021... View Details

01 Oct 1998
News

New Loan Program Signals Breakthrough in MBA Financial Aid

Imagine being accepted into the Harvard MBA Program only to realize you can't afford to enroll. This unfortunate scenario is quickly becoming a thing of the past, thanks to an unprecedented new loan program introduced last spring. HBS... View Details

23 Oct 2020
News

Two MBA Startups Cited as “Most Disruptive”

Chris Abkarians and Nikhil Agarwal (both MBA 2020) arrived at HBS with an idea driven by necessity. With student loans a hard reality of graduate student life, why not bundle... View Details

Keywords: disruptive innovation; startups; student loans; entrepreneurship; i-Lab; entrepreneur in residence; Finance

September 2010
Article

Bank Lending During the Financial Crisis of 2008

By: Victoria Ivashina and David S. Scharfstein

This paper documents that new loans to large borrowers fell by 47% during the peak period of the financial crisis (fourth quarter of 2008) relative to the prior quarter and by 79% relative to the peak of the credit boom (second quarter of 2007). New lending for real... View Details

Keywords: Financial Liquidity; Financing and Loans; Credit; Borrowing and Debt; Financial Crisis; Banking Industry

April 2010
Case

The Credit Crisis of 2008: An Overview

By: V.G. Narayanan, Fabrizio Ferri and Lisa Brem

This case examines the causes and consequences of the credit crisis of 2008 from a national and global perspective and explores the actions taken and proposed by the U.S. and European governments. View Details

Keywords: Credit; Financial Crisis; Crisis Management; Risk Management; Globalized Economies and Regions; Global Strategy; Mortgages; Performance Effectiveness; Financial Services Industry; United States

17 Dec 2024
News

Solving the Underemployment Crisis

most students, certainly true for most students today, but not by a wide margin. This most recent report (pdf), we did a very in-depth analysis of many millions of resumes of actual college graduates and looked at the actual occupational... View Details

25 Sep 2019
Blog Post

Video: Tackling the Housing Crisis One Renovation at a Time

Tawan Davis, MBA 2006, Founder and CEO of The Steinbridge Group, along with COO Sacasha Brown, MBA 2006, is defying the odds and creating a positive ripple effect for working class families. Based in Philadelphia and New York, Steinbridge has built a network of... View Details

12 Jul 2020
Research & Ideas

Solving COVID'S Mental Health Crisis

community-based organizations. COVID-19 has disrupted GPP’s school-based activities, which include teacher training and the Teen Advisory Council, a program that supports students as they educate their peers about the dangers of... View Details

Keywords: by Howard Stevenson and Shirley Spence; Health

October 2008 (Revised August 2009)
Case

Subprime Crisis and Fair-Value Accounting

By: Paul M. Healy, Krishna G. Palepu and George Serafeim

This case examines the challenges in implementing fair value accounting for mortgage instruments, the role of accounting in the sub-prime crisis, and proposals for revising accounting standards given the crisis. View Details

Keywords: Fair Value Accounting; Financial Crisis; Debt Securities; Mortgages; Standards