Publications

01 Mar 2011
First Look

First Look: March 1

believe that such acquisitions are overpriced. In fact, however, those are the ones that can pay off spectacularly. Read the paper: http://hbr.org/2011/03/the-big-idea-the-new-ma-playbook/ar/1 Mindful Leadership Author:William W. George Publication:The European View Details

Keywords: Sean Silverthorne

13 Oct 2010
First Look

First Look: October 13, 2010

http://hbr.org/2010/10/the-power-of-alumni-networks/ar/1 Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets? Authors:Shawn A.Cole, Thomas Sampson, and Bilal Zia Publication:Journal of Finance (forthcoming)... View Details

Keywords: Sean Silverthorne

07 Jun 2019
Working Paper Summaries

Reflexivity in Credit Markets

Keywords: by Robin Greenwood, Samuel G. Hanson, and Lawrence J. Jin

Article

Savings in Transnational Households: A Field Experiment Among Migrants from El Salvador

By: Nava Ashraf, Diego Aycinena, Claudia Martinez A. and Dean Yang

While remittance flows to developing countries are very large, it is unknown whether migrants desire more control over how remittances are used. This research uses a randomized field experiment to investigate the importance of migrant control over the use of... View Details

Keywords: Migration; Remittances; Intrahousehold Allocation; Savings; Saving; Residency; Banks and Banking; Banking Industry; El Salvador; United States

Read Now

2014
Article

The Growth and Limits of Arbitrage: Evidence from Short Interest

By: Samuel G. Hanson and Adi Sunderam

We develop a novel methodology to infer the amount of capital allocated to quantitative equity arbitrage strategies. Using this methodology, which exploits time-variation in the cross section of short interest, we document that the amount of capital devoted to value... View Details

Keywords: Strategy; Financial Instruments; Capital Markets; Investment

Read Now

2013
Working Paper

Improving Store Liquidation

By: Nathan Craig and Ananth Raman

Store liquidation is the time-constrained divestment of retail outlets through an in-store sale of inventory. The retail industry depends extensively on store liquidation, not only as a means for investors to recover capital from failed ventures, but also to allow... View Details

Keywords: Business Exit or Shutdown; Financial Condition; Operations; Retail Industry

Read Now

January 2013 (Revised January 2015)
Case

FX Risk Hedging at EADS

By: W. Carl Kester, Vincent Dessain and Karol Misztal

In 2008, EADS, the European aerospace group that owns Airbus, was faced with the decision of how best to hedge a large and growing mismatch between its dollar revenues and its euro manufacturing costs. Specifically, the company needed to decide if it would continue... View Details

Keywords: Derivatives; Foreign Exchange; Options; Forward Contract; Aerospace; Europe; Risk Management; Futures and Commodity Futures; Aerospace Industry; Europe

July 2011 (Revised October 2012)
Case

Adoption of IFRS in Ethiopia

By: David F. Hawkins and Shani Senbetta

Ethiopia's decision to adopt IFRS. The motivation to adopt IFRS and the challenges to implement the decision. View Details

Keywords: International Accounting; Financial Reporting; Standards; Ethiopia

October 1991 (Revised September 2004)
Case

Buying Time

By: William J. Bruns Jr. and Susan Harmeling

A self-contained explanation and simple practice examples to introduce students to the concepts of compound interest, present value loans, bonds, and leases. Necessary present value tables are included. The study questions provide simple exercises to enhance student... View Details

Keywords: Bonds; Financing and Loans; Learning

December 2008
Article

The Credit Crisis of 2008: Causes, Consequences and Implications for India

By: V.G. Narayanan and Lisa Brem

This article gives a brief overview of the causes and consequences of the current global credit crisis. The article then discusses the benefits and potential drawbacks of real estate loan securitization in India, and what India can do to realize those benefits while... View Details

Keywords: Financial Crisis; Credit; Mortgages; Real Estate Industry; India

September 2007
Supplement

Silic (B): Choosing Cost or Fair Value on Adoption of IFRS

By: David F. Hawkins, Vincent Marie Dessain and Andrew Barron

Keywords: Cost; Value; Standards; Financial Reporting

December 2003 (Revised April 2005)
Case

Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression

By: Julio J. Rotemberg and Lisa Lewis

By early 1937, a debate over the proper conduct of monetary policy raged in Sweden. Sweden's response to the Great Depression was unique. It had, in particular, embraced a revolutionary goal for monetary policy when it abandoned the gold standard in 1931. View Details

Keywords: History; Money; Policy; Financial Crisis; Macroeconomics; Sweden

January 1993
Article

Complementarity of Prior Accounting Information: The Case of Stock Dividend Announcements

By: R. Banker, S. Das and S. Datar

Keywords: Accounting; Stocks; Business and Shareholder Relations

2005
Chapter

Bank Financing in India

By: Shawn A. Cole, A. Banerjee and E. Duflo

Keywords: Banks and Banking; Financing and Loans; Banking Industry; India

May 1999
Article

Banks and Entrepreneurs in Porfirian Mexico: Inside Exploitation or Sound Business Strategy?

By: Noel Maurer

Keywords: Banks and Banking; Strategy; Behavior