Borrowing And Debt - Publications - Faculty & Research

06 Dec 2006
Op-Ed

India Needs to Encourage Trade with China

Everyone points out that China-India bilateral trade, at roughly $19 billion in 2005, is a far cry from the $2 billion in 1999. Indeed, the increase is to be celebrated. Chinese President Hu Jintao's current visit to New Delhi cements the diplomatic View Details

Keywords: by Tarun Khanna

24 Jan 2017
First Look

First Look at New Research: January 24, 2017

January 2017 Review of Financial Studies Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns By: Chang, Tom Y., Samuel M. Hartzmark, David H. Solomon, and Eugene F. Soltes Abstract—We... View Details

Keywords: Sean Silverthorne

October 2012
Article

Securitization without Adverse Selection: The Case of CLOs

By: Effi Benmelech, Jennifer Dlugosz and Victoria Ivashina

In this paper, we investigate whether securitization was associated with risky lending in the corporate loan market by examining the performance of individual loans held by CLOs. We employ two different datasets that identify loan holdings for a large set of CLOs and... View Details

Keywords: Personal Finance; Performance; Markets; Banks and Banking; Debt Securities; Investment Portfolio; Financing and Loans

08 Jul 2008
First Look

First Look: July 8, 2008

http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=208088 Collateralized Debt Obligations (CDOs) Harvard Business School Note 208-113 This lesson integrated Merton's (1974) contingent claims model of View Details

Keywords: Martha Lagace

17 Nov 2009
First Look

First Look: Nov. 17

large borrowers fell by 47% during the peak period of the financial crisis (fourth quarter of 2008) relative to the prior quarter and by 79% relative to the peak of the credit boom (second quarter of 2007).... View Details

Keywords: Martha Lagace

19 Mar 2007
Research & Ideas

Handicapping the Best Countries for Business

(Italy), demographic and entrepreneurial problems (Japan), or excessive consumption and debt problems (USA). Q: One of the surprises I had in reading the book was your... View Details

Keywords: by Sean Silverthorne

18 Jul 2006
First Look

First Look: July 18, 2006

debt needed to fund the transaction. Covers issues such as identifying and attracting bidders; dealing with the concerns of the managers of the selling company; negotiating issues in a definitive merger... View Details

Keywords: Sean Silverthorne

24 Jul 2013
Op-Ed

Detroit Files for Bankruptcy: HBS Faculty Weigh In

of its post-civil war reconstruction. When Liberia emerged from a decade-and-a-half of war, fiscal obligations were several times higher than income. Its new leaders were able to restructure the country's commercial debt (to three cents... View Details

Keywords: by John Macomber, Robert C. Pozen, Eric D. Werker & Benjamin Kennedy; Auto

13 Nov 2006
Research & Ideas

Science Business: What Happened to Biotech?

"anatomy," has created poor conditions for a science-based business to flower. "The sector has indiscriminately borrowed business models, organizational strategies, and approaches from other... View Details

Keywords: by Sean Silverthorne; Biotechnology

05 Apr 2011
First Look

First Look: April 5

709-469 Zopa, a U.K.-based peer-to-peer lending company, connected individual lenders and borrowers via an online interface. The company charged a small fee for completed loan transactions but has not turned... View Details

Keywords: Sean Silverthorne

03 Nov 2016
Op-Ed

Forget About Making College Affordable; Make it a Good Investment

about $29,000, or about two years’ worth of the average young college graduate’s wage premium over a high school grad. A course of study and internships that lead to a college-level job usually will yield returns sufficient to prevent... View Details

Keywords: by Joseph Fuller; Education

26 Jul 2016
First Look

July 26, 2016

Moody’s downgrading the bank’s debt due to rising nonperforming assets. She embarks on a mission to improve the bank’s risk taking and management abilities, ensure uniform customer experience, View Details

Keywords: Sean Silverthorne

21 Aug 2007
First Look

First Look: August 21, 2007

do with an East Coast distribution center that is losing money but may be useful strategically. Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=807061 Prosper Marketplace, Inc. Harvard Business School Case 807-074 Describes a set of... View Details

Keywords: Martha Lagace

22 Feb 2011
Research & Ideas

The Most Important Management Trends of the (Still Young) Twenty-First Century

results in a financial flow, where the debt of deficit countries is bought by surplus countries, who now own several trillion dollars of foreign assets. A related problem are the fiscal (government budget) deficits run by the United... View Details

Keywords: by Sean Silverthorne

02 Aug 2016
First Look

August 2, 2016

households. The quality of the liquidity services provided by bank liabilities depends on their safety in case of default. Commercial bank debt is fully insured and thus provides full liquidity. However,... View Details

Keywords: Sean Silverthorne

13 Sep 2011
First Look

First Look: September 13

capital flows—both debt and equity—into public and private components and study their relationship with productivity growth. This exercise... View Details

Keywords: Sean Silverthorne

04 Apr 2017
First Look

First Look at New Research, April 4

entrepreneurs face, the role of non-financial institutions/community-based organizations in addressing those challenges, and the financial tools available to lenders and View Details

Keywords: Sean Silverthorne

13 Jun 2012
HBS Case

HBS Cases: A Startup Takes On the Credit Ratings Giants

investment decisions; fund managers employ them when describing the contents and risks of their bond portfolios; market makers use them to set debt prices. In addition, they're part of the regulatory... View Details

Keywords: by Maggie Starvish; Banking; Financial Services

04 Oct 2016
First Look

October 4, 2016

2016 Self-published Introduction to Financial Accounting: Review Quizzes and Practice Exams By: Narayanan, V.G. Abstract—This book provides practice multiple choice questions on introductory accounting topics. It can be used to prepare... View Details

February 2018 (Revised August 2018)
Case

Blue Haven Initiative: The PEGAfrica Investment

By: Vikram S. Gandhi, Caitlin Reimers Brumme and Amram Migdal

This case examines Blue Haven Initiative (BHI), an impact investing fund and family office, and one of its investments, PEGAfrica (PEG). BHI founder Liesel Pritzker Simmons’ motivations for using her family wealth to start a family office focused on impact investing,... View Details