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- Faculty Publications (26)
Show Results For
- All HBS Web (91)
- Faculty Publications (26)
- 27 May 2009
- First Look
First Look: May 27, 2009
Working PapersThe Long-Run Risks Model and Aggregate Asset Prices: An Empirical Assessment Authors:Jason Beeler and John Y. Campbell Abstract The long-run risks model of asset prices explains stock price variation as a response to persistent fluctuations in the mean... View Details
Keywords: Martha Lagace
- 23 Jan 2023
- Research & Ideas
After High-Profile Failures, Can Investors Still Trust Credit Ratings?
through which to look at what went wrong with the ratings system and how much it has changed. “What we wanted to find out was, are there times that they actually do a good job? Do we find they provide ratings that are accurate?” During the View Details
Keywords: by Ben Rand
- Web
The Forgotten Real Estate Boom - Bubbles, Panics & Crashes – Historical Collections – Harvard Business School
of our current subprime mortgage collapse, economists and historians interested in the role of real estate markets in past financial crises are reexamining the relationship of the first asset-price bubble of the 1920s with the later stock... View Details
- Web
Bankruptcy | Baker Library | Bloomberg Center | Harvard Business School
cover losses if borrowers default on their loans. Investors, including investments banks, can also purchase credit default swaps on CDOs or MBSs they do not own and receive money if the securities incur losses. Subprime mortgages, which... View Details
- 07 Jul 2008
- Research & Ideas
Innovation Corrupted: How Managers Can Avoid Another Enron
sums up Enron's history and its enduring legacy. Q: Can an Enron-type calamity happen again? Why or why not? A: Perverse incentives are legion throughout our system today. For example, perverse incentives for both mortgage brokers and investment bankers helped create... View Details
- Web
Leadership Transitions | Baker Library | Bloomberg Center | Harvard Business School
heavily in derivatives in the form of subprime mortgages that yielded unprecedented profits. In the early 2000s, Lehman Brothers bought five mortgage lenders, including subprime lender BNC Mortgage and... View Details
- 20 Apr 2011
- Research & Ideas
Blind Spots: We’re Not as Ethical as We Think
practices of their clients, who have the power to fire them if they do notice. Q: The book is full of examples of people making decisions that they thought were ethical but clearly violated their own standards for ethical behavior—for example, decisions that set the... View Details
Keywords: by Sean Silverthorne
- 14 Jan 2019
- Op-Ed
These 4 CEOs Created a New Standard of Leadership
highest return on equity. He guided it through the 2008-09 financial crisis without a glitch by avoiding high-risk subprime mortgages and derivatives that felled so many other banks. Concerned about the crisis’ impact on bank reputations,... View Details
- Web
Bubbles, Panics & Crashes – Historical Collections – Harvard Business School
the 1920s Research Links Site Credits Introduction Financial crises have happened before, and - if history is any guide - they will happen again. One year after the subprime mortgage crisis, this Baker Library Historical Collections... View Details
- 2010
- Casebook
Global Capital and National Institutions: Crisis and Choice in the International Financial Architecture
By: Laura Alfaro
All managers face a business environment in which international and macroeconomic phenomena matter. International capital flows can significantly affect countries' development efforts and provide clear investment opportunities for businesses. During the 1990s and early... View Details
Keywords: Financial Crisis; Capital; International Finance; Globalized Economies and Regions; Policy; Government and Politics; Business and Government Relations
Alfaro, Laura. Global Capital and National Institutions: Crisis and Choice in the International Financial Architecture. Singapore: World Scientific Publishing, 2010.
- Web
HBS Cases | Baker Library | Bloomberg Center | Harvard Business School
Business School Publishing, 1996. Tufano, Peter. “Shearson Lehman Hutton, Inc. (B): Euromarket Covered Warrant Execution.” HBS No. 291-017. Boston: Harvard Business School Publishing, 1996 Current HBS Cases Di Tella, Rafael, Alberto F. Cavallo and Aldo Sesia. “Hank and... View Details
- 01 Dec 2007
- News
Faculty Research Online
negative publicity. What should the country do to polish its image? Visit http://hbswk.hbs.edu/item/5777.html. Building Sandcastles: The Subprime Adventure The early days of the subprime industry seemed to... View Details
- 01 Mar 2010
- News
Sunshine State
implications of his audacious $800 million bet against subprime mortgages, Jeff Greene was to remember that distant day when his father took him to discover vending machines.” Indeed, Greene never forgot when he was 14 and living in... View Details
Keywords: Real Estate
- 01 Jun 2008
- News
Greed, Gullibility, and Optimism
Washington, D.C., Retsinas believes all parties in the housing mess were coconspirators — from lenders that hawked subprime finance deals with microprint caveats, to brokers that turned a blind eye to borrowers’ long-term solvency, to... View Details
- 01 Dec 2008
- News
No Easy Fix for the Financial Crisis
subprime crisis. “It’s hard to overstate the dramatic buildup in subprime lending by mid-decade,” he said. “Subprime lending represented a minimal share of home mortgages in the 1990s. As recently as 2001,... View Details
- 01 Mar 2009
- News
Faculty Responds to Financial Crisis
assignments and class discussions to incorporate the crisis, and they are encouraged to continue, says Badaracco. Several new cases already are in use, including “New Century Financial Corporation,” focusing on a subprime mortgage... View Details
- 23 May 2018
- News
John A. Paulson, MBA 1980
1984 Joins Bear Stearns, M&A Managing Director 1988 Named Partner, Gruss Partners 1994 Launches Paulson & Co. 2007 Makes what many call the “greatest trade ever” on subprime mortgage market 2012 Contributes historic donation to Central... View Details
Keywords: Susan Young
- 29 Sep 2008
- Research & Ideas
Financial Crisis Caution Urged by Faculty Panel
equity?" said Retsinas. On the issue of affordability, home prices rose so high that it became virtually impossible for people to take out regular or prime loans. "It's hard to overstate the dramatic buildup in subprime lending... View Details
- 18 Nov 2008
- First Look
First Look: November 18, 2008
http://harvardbusinessonline.hbsp.harvard.edu/ b01/en/common/item_detail.jhtml?id=609043 New Century Financial Corporation Harvard Business School Case 109-034 After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the... View Details
Keywords: Martha Lagace
- 01 Apr 2008
- First Look
First Look: April 1, 2008
http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=808110 Subprime Meltdown: American Housing and Global Financial Turmoil Harvard Business School Case 708-042 This case focuses on the financial difficulties faced in the U.S.... View Details
Keywords: Martha Lagace