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- All HBS Web (200)
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- 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 bonds; (2) the cost of bank deposits exceeds the cost of bank debt;... View Details
Keywords: Sean Silverthorne
- 02 Dec 2002
- What Do You Think?
How Will We Respond to the “Moment of Truth” in Option Plans?
they are granted. Some corporations whose option expenses represent a relatively modest charge—often due to low betas resulting from low stock price volatility—have done so already. On another front, organizations that are being forced to... View Details
Keywords: by James Heskett
- 07 Sep 2011
- First Look
First Look: Sept. 7
of Arts and Sciences, 2011 An abstract is unavailable at this time. Book: http://www.amacad.org/pdfs/challenges.pdf Information Risk and Fair Values: An Examination of Equity Betas Authors:Edward J. Riedl and George Serafeim... View Details
Keywords: Sean Silverthorne
- 20 Sep 2016
- First Look
September 20, 2016
countries with higher nominal bond-stock betas have significantly larger nominal bond risk premia and borrow less in local currency. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=51643 Android and Competition Law:... View Details
Keywords: Sean Silverthorne
- 03 Oct 2006
- First Look
First Look: October 3, 2006
is compelling. Active hedge fund managers who aim their sights directly at alpha generation are a much better deal, as are passive index funds that secure market exposure or beta at a cheap cost (and, perhaps, a small subset of low-fee,... View Details
Keywords: Sean Silverthorne
- 24 Sep 2013
- First Look
First Look: September 24
Publications August 2013 Financial Analysts Journal The Low Beta Anomaly: A Decomposition into Micro and Macro Effects By: Baker, Malcolm, Brendan Bradley, and Ryan Taliaferro Abstract—Low beta stocks have... View Details
Keywords: Sean Silverthorne
- 05 Jan 2011
- Op-Ed
Funding Unpredictability Around Stem-Cell Research Inflicts Heavy Cost on Scientific Progress
get money. If they can't get money, they lay off people and cancel projects. Now imagine you are a postdoc in a lab and are working on a project to use human embryonic stem cells to cure diabetes by creating new beta cells in the... View Details
- 11 Aug 2009
- First Look
First Look: August 11, 2009
Value: An Examination of Equity Betas and Bid-Ask Spreads Authors:Edward J. Riedl and George Serafeim Abstract Finance theory suggests that information risk—that is, the uncertainty regarding valuation parameters for an underlying... View Details
Keywords: Martha Lagace
- 30 May 2007
- Research & Ideas
Health Care Under a Research Microscope
Cambridge, Massachusetts, and you will likely be administered beta blockers, a class of drug that's generally recommended after a heart attack. The rate at which that drug is delivered nationwide, however, is about 65 percent. Another... View Details
- 05 Mar 2019
- First Look
New Research and Ideas, March 5, 2019
forthcoming Journal of Financial and Quantitative Analysis Leverage and the Beta Anomaly By: Baker, Malcolm, Mathias F. Hoeyer, and Jeffrey Wurgler Abstract— The well-known weak empirical relationship between View Details
Keywords: Dina Gerdeman
- 25 Mar 2014
- First Look
First Look: March 25
Grupo Beta San Miguel In November 2013, Dr. Jose Pinto, head of Grupo Beta San Miguel (BSM), Mexico's largest private sugar producer, is weighing the future prospects of the Mexican sugar industry as he... View Details
Keywords: Sean Silverthorne
- 19 Jul 2011
- Research & Ideas
Rupert Murdoch and the Seeds of Moral Hazard
the New York Times shows that the number two, the beta male who is theoretically the "nice guy" rather than the alpha male bully-ruler, has lower levels of disease-causing stress hormones—and also lower than those below. Ivan... View Details
- 26 Jun 2007
- First Look
First Look: June 26, 2007
replacement, daily index return betas of the additions rose by an average of 0.45, while the index return beta of the deleted stocks fell by an average of 0.63. We predict changes in autocorrelations and... View Details
Keywords: Martha Lagace
- 13 Apr 2010
- First Look
First Look: April 13
proxy for inflation and economic uncertainty. A decomposition of bond betas into a real cash flow risk component and a discount rate risk component shows that yield spreads have offsetting effects in each component. A widening yield... View Details
Keywords: Martha Lagace
- 11 Oct 2016
- First Look
October 11, 2016
the standard inflationary bias. With countercyclical inflation, investors require risk premia on nominal debt, making nominal debt issuance costly for low credibility governments. We provide empirical support for this mechanism, showing that countries with higher... View Details
Keywords: Sean Silverthorne
- 13 Jul 2010
- First Look
First Look: July 13
their distribution activities. After beta testing the TSCC for one year, VM's Daniel Borunda and O&M's Michael Stefanic believed that TSCC was a better and more cost-effective pricing model, but could they convince their companies to... View Details
Keywords: Martha Lagace
- 21 May 2013
- First Look
First Look: May 21
documented in other samples. The size of the low risk anomaly within banks suggests that the cost of capital effects of capital requirements may be considerable. Assuming competitive lending markets, banks' low asset betas implied an... View Details
Keywords: Sean Silverthorne
- 04 Sep 2001
- Lessons from the Classroom
Getting Back on Course
feedback. Based on the success of the beta test program, she expects the program to run again. "Next time," she said, "it will not be in Boston but rather in alumnae hot spots such as New York and possibly San Francisco,... View Details
Keywords: by Martha Lagace
- 27 Jan 2015
- First Look
First Look: January 27
reducing banks' leverage reduces the risk and cost of equity but does not change the weighted average cost of capital, and thus the rates for borrowers. We confirm that the equity of better-capitalized banks has lower beta and... View Details
Keywords: Sean Silverthorne
- 04 Dec 2007
- First Look
First Look: December 4, 2007
but online dating websites contain primarily searchable attributes (Study 2). Finally, we introduce and beta test the Virtual Date, offering potential dating partners the opportunity to acquire experiential information by exploring a... View Details
Keywords: Martha Lagace