Publications

29 Sep 2008
Research & Ideas

Financial Crisis Caution Urged by Faculty Panel

was to highlight the relation between financial innovation and crisis. "Is there a structural relation between innovation and crisis? I think there has to be," Merton... View Details

Keywords: by Martha Lagace; Financial Services

09 Aug 2004
Research & Ideas

A Diagnostic for Disruptive Innovation

customers by providing them adequate functionality in return for lower prices. The technology of this sort of disruptive innovation offers "good enough" performance along traditional metrics and is supported by a business model... View Details

Keywords: by Scott D. Anthony, Mark W. Johnson & Matt Eyring

25 Apr 2014
News

Investing in Innovation

priorities." In September 2013, Faust launched the five-year, $6.5 billion Harvard Campaign. The financial goal for The Harvard Business School Campaign is $1 billion. As of April 25, HBS had raised more than 50 percent of that goal, with... View Details

Keywords: HBS Fund; Educational Services

2010
Chapter

The Financing of R&D and Innovation

By: Bronwyn H. Hall and Josh Lerner

Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high... View Details

Keywords: Research and Development; Innovation and Invention; Venture Capital; Corporate Finance

Find at Harvard

01 Mar 2012
News

Where Innovation Rules

Kiva Systems Intuit Angie’s List Rakuten athenahealth Pandora Bloomingdale's and Gilt Groupe Social Finance Innovation is the real business of Harvard Business School. It begins with the School’s bias toward action, as embodied in its... View Details

Keywords: Deborah Blagg;Garry Emmons;Julia Hanna;Roger Thompson; Corporate Services; Educational Services; Management

18 Mar 2009
News

How to Innovate in a Downturn

9 AM – 10 AM EDT, 19 Oct 2017
Webinars: Trending@HBS

Innovative Finance for the Common Good

Whether it's a vaccine or green bond, drought insurance, pay-as-you-go financing for solar electricity in Kenya, or discounted metro cards in New York, innovative finance is as much about incentives and sound decision making as it is about money; when it works,... View Details

October 2014
Case

CreditEase: Providing Credit and Financial Services for China's Underclass

By: Lena G. Goldberg, Paul Healy and Nancy Hua Dai

In 2013 Ning Tang, who in 2006 founded CreditEase as a broker of P2P loans to unbanked individuals and small businesses in China, confronts the challenges of rapid growth and expansion in a changing regulatory environment. CreditEase needs to develop technology to... View Details

Keywords: P2P Lending; HNW Products And Services; Business Growth; Business Start-ups; Government Regulation; Change Management; Credit; Microcredit; Banking; Innovation And Management; Developing Countries And Economies; Corporate Entrepreneurship; Social Entrepreneurship; Law; Financing and Loans; Change; China

01 Sep 2016
News

Behind Apple’s Success, An Unprecedented Financial Model

Teaching Interest

Social Entrepreneurship and Innovation

By: Brian L. Trelstad

Combining the tools of philanthropy, business and advocacy (or mission, margin and mandate), social entrepreneurs have tackled long-standing societal issues like teacher training, college access, global public health, renewable energy and sanitation. Social... View Details

Keywords: Innovation and Invention; Organizations; Social Enterprise; Civil Society or Community; System

25 Sep 2017 - 27 Sep 2017
Lecture

Three-Day Series on Innovation and Entrepreneurship in Africa

By: Euvin Naidoo

Africa and the 4th Industrial Revolution: Innovation, leapfrogging and the promise and challenges of the Demographic Dividend Optional pre-seminar viewing: 2017 MasterClass on Digital Innovation and the Fourth Industrial Revolution Monday, September 25, ... View Details

Keywords: Entrepreneurship; Innovation and Invention; Africa

Read Now

March 2016 (Revised May 2021)
Case

Michael Milken: The Junk Bond King

By: Tom Nicholas and Matthew G. Preble

Michael Milken, an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax-related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy... View Details

Keywords: Junk Bonds; High-yield Bonds; Financial Innovation; Shareholder Value; Bonds; Capital; Capital Structure; Cost of Capital; Crime and Corruption; Entrepreneurship; Ethics; Finance; Investment Banking; Leveraged Buyouts; Mergers and Acquisitions; Ownership; Private Equity; Restructuring; United States

08 Mar 2013
News

The Accidental Innovator

that Khan finds himself turning to science fiction to try to make sense of it all. Meanwhile, financial backers such as the Gates Foundation, Google, and venture capital’s Ann and John Doerr (MBA 1976) are adding credibility and momentum... View Details

01 Mar 2012
News

The Accidental Innovator

human-capital development that Khan finds himself turning to science fiction to try to make sense of it all. Meanwhile, financial backers such as the Gates Foundation, Google, and venture capital’s Ann and John Doerr (MBA 1976) are adding... View Details

Keywords: Garry Emmons; Educational Support Services; Educational Services; News, Library, Internet, and Other Services; Information

10 Dec 2024
Interview

A New Model for Funding Healthcare Innovation

By: Regina E. Herzlinger and Duke Rohlen

Ajax Health founder Duke Rohlen (HBS MBA 2001) and HBS Professor Regina Herzlinger join host Brian Kenny to discuss the key success factors for both start-up and established medical technology firms. The case “Ajax Health: A New Model for Medical Technology Innovation”... View Details

Keywords: Entrepreneurship; Innovation and Invention; Business Model; Private Equity; Health Industry

23 Jun 2008
Research & Ideas

Innovative Ways to Encourage Personal Savings

barriers to a lack of savings. What other barriers make saving money difficult? A: One of our papers, "Using Financial Innovation to Support Savers: From Coercion to Excitement," [PDF] is an attempt to... View Details

Keywords: by Martha Lagace; Financial Services

September 2022
Case

BancoSol: Financial Inclusion in the Perfect Storm

By: Michael Chu and Carla Larangeira

In the pandemic, financial inclusion icon BancoSol faces a government-mandated year-long deferral of all loan payments, followed by the sudden Covid death of its CEO. In a Bolivia mired in political turmoil following a failed presidential election, with clients not... View Details

Keywords: Decision Making; Crisis Management; Management Succession; Business Strategy; Innovation Leadership; Risk and Uncertainty; Financing and Loans; Restructuring; Financial Services Industry; Latin America; Bolivia

October 2018 (Revised January 2019)
Case

The Financial Crisis: Timothy Geithner and the Stress Tests

By: Samuel G. Hanson, Robin Greenwood, David Scharfstein and Adi Sunderam

In February and March 2009, the U.S. economy was in the midst of a terrifying financial and economic crisis. Between the beginning of 2008 and early 2009, four of the 25 largest U.S. financial institutions had failed, and nine of these 25 institutions had taken... View Details

Keywords: Bailout; Regulation; Stress Test; Financial Crisis; History; Economy; Policy; Governing Rules, Regulations, and Reforms; Decision Making; Financial Services Industry; Financial Services Industry; Financial Services Industry; United States