Publications

2010
Casebook

Global Capital and National Institutions: Crisis and Choice in the International Financial Architecture

By: Laura Alfaro

All managers face a business environment in which international and macroeconomic phenomena matter. International capital flows can significantly affect countries' development efforts and provide clear investment opportunities for businesses. During the 1990s and early... View Details

Keywords: Financial Crisis; Capital; International Finance; Globalized Economies and Regions; Policy; Government and Politics; Business and Government Relations

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13 May 2020
Blog Post

Crisis Leadership with Nikhil Patel: The Critical Importance of Trust

the “soft” skills of leadership become the hard substance of excellent crisis response. “As a leader, you have to be genuinely caring about people’s needs,” Patel stresses. “If they don’t believe it, it’s much harder to get people to... View Details

Keywords: Nonprofit / Government; Social Enterprise

01 Jun 2011
News

Students Start-Ups Tap New HBS Fund

Muslims (Mohammed Aaser, MBA ’11): A children’s entertainment and education brand for Muslim Americans. MatchLend (Jeffrey Engler, MBA ’11, and Charles Deutsch): A tool to improve loan underwriting accuracy. ÃÂ Ovuline (Vasile Tofan, HBS... View Details

Keywords: awards

July 2012
Case

New Century Financial Corporation (Abridged)

By: Krishna G. Palepu, Suraj Srinivasan and Ian Cornell

After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11... View Details

Keywords: Audit Committees; Financial Management; Control Systems; Securities; Loan Evaluation; Accounting; Value; Financial Services Industry; United States

October 2007
Teaching Note

Transforming Korea Inc: Financial Crisis and Institutional Reform (TN)

By: Laura Alfaro and Renee Kim

Teaching Note for 708007. View Details

Keywords: Financial Crisis; Governing Rules, Regulations, and Reforms; Transformation; Policy; Development Economics; Investment Funds; International Finance; Financing and Loans; South Korea

05 Oct 2015
Research & Ideas

What Companies Should Not Do in the Next Banking Crisis

When banks failed across the globe in 2008, the resulting financial crisis sent businesses into a tailspin. As lenders cut back dramatically, companies trying to recover had to scramble for financing required to generate new business and... View Details

Keywords: by Michael Blanding; Banking

01 Jun 2006
News

HBS Students Help Rebuild New Orleans

students did just that when they traveled to New Orleans with the HBS Hurricane Relief Trek. Some students worked with Mayor Ray Nagin’s Bring New Orleans Back Commission, brainstorming economic development... View Details

Keywords: Construction of Buildings; Construction; Administration of Housing Programs, Urban Planning, and Community Development; Government; Health, Social Assistance

12 May 2020
Blog Post

The Importance of Coordination: Apoorva Pasricha Reflects on Crisis Leadership

focus on the educational side because that’s what’s needed immediately?” she asked. “The crisis emphasizes the necessity of agility.” Within days, the Mayor’s Office redirected their efforts to help schools “financially and... View Details

Keywords: Social Enterprise; Technology; Nonprofit / Government

31 Oct 2016
Research & Ideas

Quantitative Easing Didn’t Ease the Housing Crisis for the Neediest

and spending decisions.” Origination volume of refinance mortgages below and above the conforming loan limit following the first two rounds of quantitative easing, as recorded by LPS Field Services. FHA View Details

Keywords: by Carmen Nobel

01 Mar 2023
News

Enabling Students to Pursue Their Passions

per student per year— the loans he would need to take out to finance the rest of his education and living expenses would limit his future career choices. Nevertheless, he decided to pursue his MBA. Tristan... View Details

Keywords: April White

21 Aug 2015
Blog Post

My Fear of Student Debt: Funding the HBS/HKS Joint Degree

from Harvard reduced my student debt load by more than half of what it would have been. Now, do not get me wrong: I still have loans to repay. But the fellowship and aid opportunities Harvard made available... View Details

27 Jan 2015
News

A Data-Science Lender Takes on Student Debt

Keywords: Credit Intermediation and Related Activities; Finance

July 2012 (Revised April 2013)
Case

Peter Jepsen

By: Howard H. Stevenson, Michael J. Roberts and James M. Sharpe

About to break bank covenants, Peter Jepsen has to deal with a contentious prior owner, improve profitability and staff appropriately all while maintaining credibility with his investors, in the furniture hardware company he has owned for less than a year. View Details

15 Jun 2020
Research & Ideas

A Mass Crisis Can Overwhelm Health Care. Liberia Found a Solution.

people, including those who've been recently unemployed, to create a cohort of testers, screeners, and contact tracers that could help build the infrastructure to respond to the crisis and deal with some of the unemployment that we are... View Details

Keywords: by Rachel Layne; Health

August 2016 (Revised February 2017)
Case

Songy 2011: Restructuring to Survive (or, Surviving to Restructure?)

By: Charles F. Wu

In 2011, Songy Partners, an Atlanta-based real estate developer, was facing three distressed investments within their portfolio each with distinct sets of challenges. Having weathered a myriad of issues during the global financial crisis that included operational... View Details

Keywords: Real Estate; Distressed Debt; Global Financial Crisis; Foreclosure; Partnership; Partners and Partnerships; Valuation; Global Range; Insolvency and Bankruptcy; Property; Financial Crisis; Real Estate Industry; Atlanta

June 2013
Teaching Note

Eric Weston (TN)

By: Jim Sharpe and Noah Fisher

This is the Teaching Note Associated with case #813045 (Eric Weston). View Details

Keywords: Acquisitions; Bankruptcy; Financing; Turnarounds; Liquidation; Negotiation; Entrepreneurial Management; Crisis Management; Entrepreneurs; Bank Loan; Career Planning; Financial Analysis; Insolvency and Bankruptcy; Entrepreneurship; Acquisition; Retail Industry; United States

July 2012 (Revised April 2013)
Case

Eric Weston

Facing bankruptcy or keeping the doors open, Eric Weston assesses his continued survival in the retail garden supply business he has owned for seven years. View Details

Keywords: Acquisitions; Bankruptcy; Financing; Turnarounds; Liquidation; Negotiation; Entrepreneurial Management; Crisis Management; Entrepreneurs; Bank Loan; Career Planning; Financial Analysis; Insolvency and Bankruptcy; Entrepreneurship; Acquisition; Retail Industry; United States