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← Page 38 of 1,277 Results →
  • April 2002
  • Article

Limited Arbitrage in Mergers and Acquisitions

By: Malcolm Baker and Serkan Savasoglu
A diversified portfolio of risk arbitrage positions produces an abnormal return of 0.6-0.9% per month over the period from 1981 to 1996. We trace these profits to practical limits on risk arbitrage. In our model of risk arbitrage, arbitrageurs' risk-bearing capacity... View Details
Keywords: Arbitrage; Market Efficiency; Mergers and Acquisitions; Profit; Risk and Uncertainty; Corporate Strategy; Capital; Banking Industry
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Baker, Malcolm, and Serkan Savasoglu. "Limited Arbitrage in Mergers and Acquisitions." Journal of Financial Economics 64, no. 1 (April 2002): 91–116.

    Maggie L. Walker

    Walker first organized an insurance company within the Order of St. Luke to help curb the problems suffered by many families when their major income-earners passed away. Capitalizing on the success of the insurance company, she went on to... View Details
    Keywords: Finance
    • 19 Jul 2006
    • Research & Ideas

    Political Turmoil and Mexico’s Economy

    maintained his control in part by creating a banking system that functioned more as a kind of investment club, Maurer says. Local businessmen would agree to lend each other money to finance one another's companies, while also selling... View Details
    Keywords: by Julia Hanna
    • 21 Jul 2010
    • Research & Ideas

    HBS Faculty Debate Financial Reform Legislation

    from other productive uses? Will the consumer "protections" and other limitations on bank fees ultimately reduce the availability of credit? Will capital requirements go too far? Will the Volcker... View Details
    Keywords: by Staff
    • 25 Apr 2018
    • Blog Post

    Policy, Practice, Leadership & Impact: Making a Difference with the HBS/HKS Joint Degree

    at Schulze Global Investments in Ethiopia, the country’s first private equity fund. I specifically wanted to see, in a country with a banking system off-limits to foreign investment and where there are no local View Details
    Keywords: Nonprofit / Government
    • Web

    Financing New Ideas - Georges F. Doriot : Educating Leaders, Building Companies, Baker Library, Harvard Business School

    in the US as well as European banks and financial institutions. John A. Shane explained, "[Doriot] felt that venture capital was not a uniquely American phenomenon. He felt the same kind of stimulus could... View Details
    • 30 Apr 2001
    • Research & Ideas

    Big Companies, Big Opportunities—Big Questions

    Opportunities abound for large companies looking to expand into Latin America. But risks remain, and the development of better capital markets is needed to attract more investment, according to panelists at the "Growth Opportunities... View Details
    Keywords: by Julie Jette
    • 23 Jan 2018
    • First Look

    First Look at New Research and Ideas, January 23, 2018

    transformation strategies that can be executed in the capital market. Over the period 1960–2016, we find that (1) unlevered bank assets underperform passive portfolios of maturity-matched U.S. Treasury... View Details
    Keywords: Sean Silverthorne
    • 01 Mar 2009
    • News

    Buddy, Can You Spare a Trillion

    glaring trade imbalances, and soaring political risk, particularly in the economically crucial, oil-exporting regions of the world. The key to this seeming paradox lay in China. Chongqing, on the undulating banks of the mighty earth-brown... View Details
    Keywords: Finance; Publishing Industries (except Internet); Information

      Andrew W. Mellon

      Mellon took over his family’s small private bank and turned it into one of the largest sources of venture capital in American history. Mellon played a substantial role in supplying View Details
      Keywords: Finance
      • 24 Apr 2014
      • News

      From a ‘blank slate’ to ‘Mr. China’

      experience who were open to new ideas. A self-confessed “blank slate” upon his arrival—he had never been to China and didn’t speak Chinese—Perkowski used $150 million in US investor capital to launch ASIMCO, an auto parts manufacturing... View Details
      • 04 Oct 2022
      • Blog Post

      Climate Stories Episode #10: Amanda Li (MBA 2018): Speeding Climate Change Solutions Through Project Finance Efficiencies

      dire implications for the world We need to dramatically accelerate deployment of capital into sustainable infrastructure projects.” – Amanda Li (MBA 2018), COO and co-founder of Banyan Infrastructure Amanda Li grew up fascinated with the... View Details
      • 07 Jan 2025
      • Blog Post

      Revolutionizing Wellness: Kate Twist (MBA 2008) Shapes the Future of Consumer Health Brands

      and wellness consumer. Connection and Inspiration: The Power of the HBS Network Twist’s interest in the consumer experience has been a foundation for her career. After graduating from the University of Pennsylvania, she began her career in investment View Details
      • 25 Feb 2014
      • First Look

      First Look: February 25

      http://www.vcc.columbia.edu/content/fdi-perspectives   Working Papers Putting Skin in the Game: Managerial Ownership and Bank Risk-Taking By: Bouwens, Jan, and Arnt Verriest Abstract—This paper examines the relation between managerial... View Details
      Keywords: Sean Silverthorne
      • 02 Jan 2018
      • First Look

      First Look at New Research and Ideas, January 3, 2018

      at MIT to talk with “fintech” entrepreneurs. In a deliberate quest for innovation talent, Rivers finds his way to Dan O'Malley, co-founder of the payments division at Capital One and, most recently, CEO of a failed online bank. O'Malley... View Details
      Keywords: Sean Silverthorne
      • 01 Dec 2019
      • News

      INK: Big News for Small Business

      The earliest small business loan on record dates back to Mesopotamia, when a royal baker borrowed capital—suggesting that small-business owners have been wrestling with access to capital literally since the dawn of civilization, says... View Details
      Keywords: Jen McFarland Flint
      • 03 Jun 2021
      • Blog Post

      HBS Pilots First Impact Investing Fund

      Reserve Bank of Boston found the average net worth of a white family was $250,000, compared with $2,700 for "Other Hispanic" and $8 for Black (source: Federal Reserve Bank of Boston, The Color of Wealth,... View Details
      • Career Coach

      Sarah Bua

      public sector, health care consulting, venture capital and new business creation.  Sarah helps her coachees identify, strategize a path towards, achieve and sustain their unique career visions.  Her skills and interest span the entire... View Details
      Keywords: Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking; Investment Banking
      • 07 Dec 2010
      • First Look

      First Look: Dec. 7

      into an ambitious Financial Inclusion Program to serve previously unbanked rural populations through a rapid expansion of its branch network and the use of nonbank business correspondents? In addition, should the bank commit part of its... View Details
      Keywords: Sean Silverthorne
      • 08 Oct 2012
      • Research & Ideas

      The Immigrants Who Built America’s Financial System

      home. The idea of a national bank, or any bank at all, ran counter to his revolutionary spirit. Q: You suggest that these men's immigrant backgrounds gave them the ability to see capital as a mobile,... View Details
      Keywords: by Julia Hanna; Banking; Banking
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