Asset Markets - Publications - Faculty & Research

Edward J. Bednarz

Bednarz secured Pinkerton’s position as the market leader in the office security business. Between 1968 and 1976, Pinkerton’s financial performance was among the top 50 companies in the United States in terms of both return on View Details

Keywords: Services

June 1987 (Revised July 2004)
Case

Textile Corporation Building, The

By: William J. Poorvu

Describes the potential acquisition of a downtown office building in Boston through a sealed bid auction. The prospective buyer analyzes in detail all elements of the income and expense statements, calculates the effect of all improvements, and imputes a purchase price... View Details

Keywords: Mergers and Acquisitions; Property; Bids and Bidding; Auctions; Price; Asset Pricing; Real Estate Industry; Boston

Citation

Educators

Purchase

30 Jul 2008
Op-Ed

Why the U.S. Should Encourage FDI

FDI to the United States has averaged 4.3 percent while the average for outbound FDI from the United States has been 12.1 percent. Second, this remarkable return differential doesn't reflect a more general differential in investment returns. During this same period,... View Details

Keywords: by Mihir A. Desai

Web

Investment Strategies - Course Catalog

spread over three topics: Introduction to Public Market Investing Market Efficiency and Arbitrage Trade Execution The second part puts these ideas into practice, examining specific investment philosophies... View Details

Daniel C. Keefe

During his tenure as CEO, Keefe generated strong financial returns – both Ingersoll’s return on assets and market value performance placed the company among the top 50 financial performers in the U.S. during... View Details

Keywords: Fabricated Goods

01 Dec 2005
News

Trillion-Dollar Fixer-Upper

bust, people wanted real assets they could see and touch and real dividends,” adds Stephen Lebovitz (MBA ’88), president of CBL & Associates Properties based in Chattanooga, Tennessee, the fourth-largest mall REIT in North America with a... View Details

Keywords: Roger Thompson; Real Estate

Richard M. Rosenberg

Under Rosenberg’s leadership, BankAmerica has become the second largest bank in the United States. Through a series of major acquisitions and the deployment of skillful marketing programs, Rosenberg has created a national footprint for... View Details

Keywords: Finance

04 Aug 2014
Op-Ed

Why Small-Business Lending Is Not Recovering

and residential real estate, which represent two-thirds of the assets of small-business owners and are often used as collateral for small-business loans, were decimated during the financial crisis. On the supply side, banks remain more... View Details

Keywords: by Karen Mills; Banking; Financial Services

Mar 2012
Article

The Incentive Bubble

The past three decades have seen American capitalism quietly transformed by a single, powerful idea--that financial markets are a suitable tool for measuring performance and structuring compensation. Stock instruments for managers,... View Details

20 Aug 2012
Research & Ideas

The Acquirers

won't," he says. "If it doesn't, private equity investors can walk away." Factoring In Co-insurance Rhodes-Kropf says a co-insurance effect combined with debt market misvaluation plays out in different ways. A strategic... View Details

Keywords: by Kim Girard; Financial Services

21 Nov 2017
First Look

First Look at New Research and Ideas, November 21, 2017

https://www.hbs.edu/faculty/Pages/item.aspx?num=53530 forthcoming Review of Financial Studies Asset Price Dynamics in Partially Segmented Markets By: Greenwood, Robin, Samuel Gregory Hanson, and Gordon Y.... View Details

Keywords: Sean Silverthorne

09 Jan 2006
Research & Ideas

Rebuilding Commercial Real Estate

Students of recent United States real estate history can't help but notice unsettling parallels between the red-hot commercial market of the late 1980s and today. Then, as now, money gushed into the market, driving office and retail... View Details

Keywords: by Roger Thompson; Construction; Real Estate

01 Dec 2008
News

No Easy Fix for the Financial Crisis

plan doesn’t do enough to recapitalize banks. The Treasury’s view, he said, is that creating a market for distressed assets will help recapitalize the banks to the extent that its actions make these View Details

Keywords: Roger Thompson;Martha Lagace; deregulation; moral hazard; the middle class; Finance

Web

Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

Control Theory as Applied to Stochastic and Non-Stochastic Economics." Ph.D. diss., MIT, 1970. Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and its Application to the Pricing of... View Details

08 May 2015
News

A new view of the cost of equity and capital requirements for banks

positive relationship between risk and return is strong between asset classes (say, stocks and bonds), it is weak within classes, such as the stock market. By analyzing a large sample of historical data from US banks, Baker has found that... View Details

Mar 2012
Article

Reviving Entrepreneurship

New enterprises don't exist in a vacuum: They rise or fall depending on myriad contextual factors, all of them interrelated, and all of them affected by government policy. U.S. lawmakers must carefully consider the effects of interventions in at least 12 areas, ranging... View Details

01 Dec 2012
News

Shareholders' Value?

if one excludes new start-ups, most new capital is provided by debt. Of course, liquidity in the stock market does enable investors to capture gains on their investments, and it also enables mergers and acquisitions. To provide adequate... View Details

Web

Creating Brand Value - Course Catalog

appropriate for: Marketing professionals charged with creating, nurturing, and managing brand value; Entrepreneurs looking to create their own brands in the consumer/retail space; Consumer/retail general managers and consultants engaged... View Details

October 2008
Teaching Note

Grosvenor Group Limited (TN)

By: Arthur I Segel and Ben Creo

Teaching Note for [207064]. View Details

Keywords: Resource Allocation; Market Transactions; Property; Financial Instruments; Assets; Emerging Markets; Real Estate Industry