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Show Results For
- All HBS Web
(1,843)
- People (4)
- News (139)
- Research (1,461)
- Events (17)
- Multimedia (6)
- Faculty Publications (1,230)
- April 2015
- Article
Money Creation and the Shadow Banking System
By: Adi Sunderam
Many explanations for the rapid growth of the shadow banking system in the mid-2000s focus on money demand. This paper asks whether the short-term liabilities of the shadow banking system behave like money. We first present a simple model where households demand money... View Details
Sunderam, Adi. "Money Creation and the Shadow Banking System." Review of Financial Studies 28, no. 4 (April 2015): 939–977.
- August 2014
- Article
What Makes Annuitization More Appealing?
By: John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian and Stephen P. Zeldes
We conduct and analyze two large surveys of hypothetical annuitization choices. We find that allowing individuals to annuitize a fraction of their wealth increases annuitization relative to a situation where annuitization is an "all or nothing" decision. Very few... View Details
Beshears, John, James J. Choi, David Laibson, Brigitte C. Madrian, and Stephen P. Zeldes. "What Makes Annuitization More Appealing?" Special Issue on NBER Pensions. Journal of Public Economics 116 (August 2014): 2–16.
- June 2013
- Article
Are There Too Many Safe Securities? Securitization and the Incentives for Information Production
By: Samuel G. Hanson and Adi Sunderam
We present a model that helps explain several past collapses of securitization markets. Originators issue too many informationally insensitive securities in good times, blunting investor incentives to become informed. The resulting endogenous scarcity of informed... View Details
Hanson, Samuel G., and Adi Sunderam. "Are There Too Many Safe Securities? Securitization and the Incentives for Information Production." Journal of Financial Economics 108, no. 3 (June 2013): 565–584. (Internet Appendix Here.)
- November 2007
- Case
AXA MONY
By: Lucy White and Andre F. Perold
AXA's friendly bid for MONY is contested by activist hedge funds suspicious of management's generous change in control contracts. Votes trade after the record date. AXA financed the bid using an unusual conditionally convertible bond which may have affected incentives... View Details
White, Lucy, and Andre F. Perold. "AXA MONY." Harvard Business School Case 208-062, November 2007.
- Web
Director’s Foreword | Baker Library
evident throughout, and I am profoundly grateful for her unwavering dedication and enthusiasm. I also wish to extend my sincere thanks to the members of the Special Collections and Archives exhibition team, particularly Melissa Murphy, whose attention to detail and... View Details
- Web
Israel - Global Activities 2021
program director of the School’s Agribusiness Seminar, to author the case. “We are in the middle of a desert without a lot of rainfall.” Reinhardt, who notes that Golan’s on-the-ground presence in Israel was instrumental in writing the... View Details
- Web
Israel - Global Activities 2020
regulatory changes. Margolis found the School’s research office in Israel and center in California to be instrumental in all aspects of the case. “This project epitomizes the wonder of Harvard Business School,” he says, noting that the... View Details
- 16 Nov 2015
- News
Connecting with Indigenous Traditions
“Indigenous peoples’ relationship with fire was instrumental in their life,” Sprinkles explains. “It meant protection, a way to cook their food, and formed the orientation for their social organization. “People who attend the fires come... View Details
- December 2009
- Article
Catering Through Nominal Share Prices
By: Malcolm Baker, Robin Greenwood and Jeffrey Wurgler
We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuation on low-price firms, managers will maintain share prices at lower levels, and vice-versa. Using measures of time-varying catering incentives... View Details
Baker, Malcolm, Robin Greenwood, and Jeffrey Wurgler. "Catering Through Nominal Share Prices." Journal of Finance 64, no. 6 (December 2009): 2559–2590. (Internet Appendix.)
- 08 Aug 2024
- Blog Post
Alumni in Climate Networking Series: London
downtown London at 11 Cavendish Square and brought together alumni working in a variety of industries. Julie Mulchay, the president of the HBS Alumni Association of the United Kingdom, was instrumental in organizing and gathering alums... View Details
- 01 Feb 2000
- News
Bart Harvey: Opportunities for Others
instrumental in getting Congress to pass the highly successful low-income housing tax credit program. The resident-led revitalization effort taking place in Sandtown-Winchester, one of the Foundation's sixteen core projects nationally,... View Details
- 19 Feb 2025
- Blog Post
Meet the HBS African American Student Union Leadership
me with an immediate sense of community, even before I officially stepped foot on campus. The guidance I received from AASU members on navigating academics, career opportunities, and life at business school was instrumental not only in my... View Details
- 09 Aug 2024
- Blog Post
Addressing Inequities in Education: Social Enterprise Summer Fellow Amal Tariq (MBA 2025)
addition, City Fund is extremely data-driven in how they measure and validate the impact they have on the communities they serve, so the first-year course Data Science for Managers has been instrumental in allowing me to effectively... View Details
- Web
The Hunger Relief System | Social Enterprise | Harvard Business School
and in my career. The first person I called when I moved to Minnesota was an HBS alumnus who has been instrumental in connecting me with a number of opportunities for work, for donors, and for friends. I have two HBS alumni on my board of... View Details
- Web
Building Bridges to Sustainable Infrastructure with Allied Climate Partners - Recruiting
a role that matched both my learning objectives and ACP’s needs. The Social Enterprise Summer Fellowship, which supports students interning with organizations across the nonprofit, public, or for-profit sectors that focus on creating social impact, was View Details
- 01 Apr 1997
- News
HBS Duo Offers Personalized Career Assessment
careers. "We wanted to provide an effective self-assessment tool," notes Butler, who describes the BCII as "an extremely sophisticated instrument derived from a ten-year study of over 650 business professionals." Together, the text and... View Details
Keywords: Bob Binstock
- October 2023 (Revised March 2024)
- Case
GameStop: Social Media Finds a Cheat Code (A)
By: Joseph Pacelli and Sarah Mehta
This case covers the events leading up to the 2021 GameStop short squeeze. Using GameStop as an illustrative example, the case explores the rise in retail trading, increased financial information sharing on social media, and the gamification of investing enabled by... View Details
Keywords: Value; Stocks; Financial Markets; Social Media; Investment; Applications and Software; Financial Services Industry; United States
Pacelli, Joseph, and Sarah Mehta. "GameStop: Social Media Finds a Cheat Code (A)." Harvard Business School Case 124-005, October 2023. (Revised March 2024.)
- 2017
- Article
Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
By: John Y. Campbell, Adi Sunderam and Luis M. Viceira
The covariance between U.S. Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953–2009, it was unusually high in the early 1980s and negative in the 2000s, particularly in the downturns of... View Details
Campbell, John Y., Adi Sunderam, and Luis M. Viceira. "Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds." Critical Finance Review 6, no. 2 (2017): 263–301.
- August 2011 (Revised October 2014)
- Supplement
High Wire Act: Credit Suisse and Contingent Capital (B)
By: Clayton S. Rose and Aldo Sesia
The B case describes the process and terms of the very successful offerings of contingent capital in February 2011, as well as The Basel Committee's preliminary decision not to allow contingent capital to count as Tier 1 equity. View Details
Keywords: Cost vs Benefits; Decisions; Financial Crisis; Finance; Capital; Financial Instruments; Leadership
Rose, Clayton S., and Aldo Sesia. "High Wire Act: Credit Suisse and Contingent Capital (B)." Harvard Business School Supplement 312-008, August 2011. (Revised October 2014.)
- January 2011 (Revised April 2020)
- Case
Executive Compensation at Talent Partners
By: Richard S. Ruback and Royce Yudkoff
Talent Partners' CEO was very successful at growing the business and establishing its leadership position. He was compensated with a mix of salary and options and he did not own any equity in the company. The options were set so that if Talent Partners achieved its... View Details
Ruback, Richard S., and Royce Yudkoff. "Executive Compensation at Talent Partners." Harvard Business School Case 211-073, January 2011. (Revised April 2020.)