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Publications

Publications

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Filter Results: (324) Arrow Down Arrow Up

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  • All HBS Web  (324)
    • News  (70)
    • Research  (216)
    • Multimedia  (1)
  • Faculty Publications  (123)

Show Results For

  • All HBS Web  (324)
    • News  (70)
    • Research  (216)
    • Multimedia  (1)
  • Faculty Publications  (123)
← Page 6 of 324 Results →

    The Money of Invention: How Venture Capital Creates New Wealth

    When the economy was booming and dot-coms were flying high, venture capitalists were admired as impresarios of innovation. Then the market tanked, start-ups fizzled, and those same deal-makers were rebuked as predators out for a quick score. So... View Details
    • Teaching Interest

    Venture Capital and Private Equity (MBA)

    By: Josh Lerner

    The growth of private equity internationally has been dramatic, to the point that the asset class has been both lauded as the savior and vilified as the cause of our current economic malaise. Over the past two decades, private equity- ranging from venture capital to... View Details

    • 22 Mar 2011
    • First Look

    First Look: March 22

    and overly restricting access to credit and consumer choice. Nicolas Retsinas, Eric Belsky, and their colleagues aim to stimulate debate based on analysis of the opportunities... View Details
    Keywords: Sean Silverthorne
    • Article

    Specialization and Success: Evidence from Venture Capital

    By: Paul A. Gompers, Anna Kovner and Josh Lerner
    This paper examines how organizational structure affects behavior and outcomes, studying the performance of different types of venture capital organizations. We find a strong positive relationship between the degree of specialization by individual venture capitalists... View Details
    Keywords: Experience and Expertise; Venture Capital; Organizational Structure; Outcome or Result; Performance Effectiveness; Behavior; Financial Services Industry
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    Gompers, Paul A., Anna Kovner, and Josh Lerner. "Specialization and Success: Evidence from Venture Capital." Journal of Economics & Management Strategy 18, no. 3 (Fall 2009): 817–844.
    • September 2018 (Revised August 2021)
    • Teaching Note

    Blackstone at Age 30 and Blackstone at 35

    By: Josh Lerner
    This teaching note is meant to guide in the instruction of HBS No. 316-013 "Blackstone at 30" case. It examines the process of institutionalization and scaling in private equity and alternative investments more generally, looking specifically at how Blackstone's size... View Details
    Keywords: Finance; Blackstone; Alternative Assets; Venture Capital; Private Equity; Business Growth and Maturation; Public Ownership; Cost vs Benefits; Financial Services Industry
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    Lerner, Josh. "Blackstone at Age 30 and Blackstone at 35." Harvard Business School Teaching Note 819-053, September 2018. (Revised August 2021.)
    • 27 Apr 2021
    • Research & Ideas

    New Research: Surviving Bankruptcy, Useful Economics, and Retirement

    Cash Out Josh Lerner and James Mason “In November 2020, the co-founders of DigiPlex study the future growth trajectory of their Nordic data center venture. A critical question... View Details
    • November 2024 (Revised December 2024)
    • Case

    Moonfare and the Democratization of Private Equity

    By: Victoria Ivashina and Srimayi Mylavarapu
    Founded in 2016, Moonfare headquartered in Europe, was a pioneer in the “democratization” of private equity investments. Historically, private equity was accessible only to institutional investors like pension funds, endowments, sovereign wealth funds, and large family... View Details
    Keywords: Private Equity; Customers; Wealth; Business Strategy; Segmentation; Technological Innovation; Product Launch; Financial Services Industry; Europe
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    Ivashina, Victoria, and Srimayi Mylavarapu. "Moonfare and the Democratization of Private Equity." Harvard Business School Case 225-044, November 2024. (Revised December 2024.)
    • 03 Jan 2011
    • Research & Ideas

    Most Popular Articles of 2010

    difference do angel investors make for the success and growth of new ventures? William R. Kerr and Josh Lerner of HBS View Details
    Keywords: by Staff
    • 2016
    • Book

    Innovation Policy and the Economy, Volume 17

    By: Shane Greenstein, Josh Lerner and Scott Stern
    The seventeenth volume of the National Bureau of Economic Research’s Innovation Policy and the Economy provides an accessible forum for bringing the work of leading academic researchers to an audience of policymakers and those interested in the interaction... View Details
    Keywords: Innovation and Invention; Technological Innovation; Governance; Policy; Economy
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    Greenstein, Shane, Josh Lerner and Scott Stern, eds. Innovation Policy and the Economy, Volume 17. Chicago: University of Chicago Press, 2016.
    • 2022
    • Working Paper

    High-Yield Debt Covenants and Their Real Effects

    By: Falk Bräuning, Victoria Ivashina and Ali Ozdagli
    High-yield debt including leveraged loans is characterized by incurrence financial covenants, or “cov-lite” provisions. A traditional loan agreement includes maintenance covenants, which require continuous compliance with the covenant threshold, and their violation... View Details
    Keywords: Debt Covenants; Incurrence Covenants; Borrowing and Debt; Banks and Banking
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    Bräuning, Falk, Victoria Ivashina, and Ali Ozdagli. "High-Yield Debt Covenants and Their Real Effects." NBER Working Paper Series, No. 29888, March 2022.
    • March 2011
    • Article

    Institutional Demand Pressure and the Cost of Corporate Loans

    By: Victoria Ivashina and Zheng Sun
    Between 2001 and 2007, annual institutional funding in highly leveraged loans went up from $32 billion to $426 billion, accounting for nearly 70% of the jump in total syndicated loan issuance over the same period. Did the inflow of institutional funding in the... View Details
    Keywords: Leveraged Buyouts; Financial Crisis; Credit; Debt Securities; Financing and Loans; Interest Rates; Investment
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    Ivashina, Victoria, and Zheng Sun. "Institutional Demand Pressure and the Cost of Corporate Loans." Journal of Financial Economics 99, no. 3 (March 2011): 500–522.
    • October 2013
    • Supplement

    Oaktree and the Restructuring of CIT Group (B)

    By: Victoria Ivashina and David Scharfstein
    This supplement presents the actual terms of the rescue financing provided by a group of private investors to CIT. It is intended to be distributed at the end of the discussion of "Oaktree and the Restructuring of CIT Group (A)" (HBS No. 214-035) and can be used as... View Details
    Keywords: Private Equity; Restructuring; Financial Services Industry
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    Ivashina, Victoria, and David Scharfstein. "Oaktree and the Restructuring of CIT Group (B)." Harvard Business School Supplement 214-036, October 2013.
    • December 2014
    • Other Article

    Private Equity, Jobs, and Productivity—Online Appendix

    By: Steven J. Davis, John Haltiwanger, Kyle Handley, Ron Jarmin, Josh Lerner and Javier Miranda
    Private equity critics claim that leveraged buyouts bring huge job losses. To investigate this claim, we construct and analyze a new dataset that covers U.S. private equity transactions from 1980 to 2005. We track 3,200 target firms and their 150,000 establishments... View Details
    Keywords: Job Cuts and Outsourcing; Private Equity; Performance Productivity
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    Davis, Steven J., John Haltiwanger, Kyle Handley, Ron Jarmin, Josh Lerner, and Javier Miranda. "Private Equity, Jobs, and Productivity—Online Appendix." American Economic Review 104, no. 12 (December 2014).
    • 01 Dec 2016
    • News

    HBS Alumni Contribute to Business and Society

    Josh Lerner, Head of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at HBS, recently led a research study aimed at quantifying the economic View Details
    • 28 Aug 2018
    • First Look

    New Research and Ideas, August 28, 2018

    https://www.hbs.edu/faculty/Pages/item.aspx?num=54888 Some Facts of High-Tech Patenting By: Webb, Michael, Nick Short, Nicholas Bloom, and Josh Lerner Abstract— : Patenting in... View Details
    Keywords: Dina Gerdeman
    • June 2020
    • Article

    U.S. Monetary Policy and Emerging Market Credit Cycles

    By: Falk Bräuning and Victoria Ivashina
    Foreign banks’ lending to firms in emerging market economies (EMEs) is large and denominated predominantly in U.S. dollars. This creates a direct connection between U.S. monetary policy and EME credit cycles. We estimate that over a typical U.S. monetary easing cycle,... View Details
    Keywords: Global Business Cycle; Monetary Policy; Reaching For Yield; Money; Policy; Credit; Emerging Markets
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    Bräuning, Falk, and Victoria Ivashina. "U.S. Monetary Policy and Emerging Market Credit Cycles." Journal of Monetary Economics 112 (June 2020): 57–76.
    • 05 Jun 2012
    • First Look

    First Look: June 5

    Reaching for Yield in the Bond Market Authors:Bo Becker and Victoria Ivashina Abstract Reaching-for-yield-the propensity to buy riskier assets in order to achieve higher... View Details
    Keywords: Sean Silverthorne
    • 26 Feb 2019
    • First Look

    New Research and Ideas, February 26, 2019

    https://www.hbs.edu/faculty/Pages/item.aspx?num=55694 forthcoming Journal of Monetary Economics U.S. Monetary Policy and Emerging Market Credit Cycles By: Bräuning, Falk, and View Details
    Keywords: Dina Gerdeman
    • March 2013
    • Article

    Bridging the Gap? Government Subsidized Lending and Access to Capital

    By: Josh Lerner and Kristle Romero-Cortes
    The consequences of providing public funds to financial institutions remain controversial. We examine the Community Development Financial Institution (CDFI) Fund's impact on credit union activity, using hitherto little studied U.S. Treasury data. The CDFI Fund grants... View Details
    Keywords: Financing and Loans; Credit; Government and Politics; Financial Institutions; United States
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    Lerner, Josh, and Kristle Romero-Cortes. "Bridging the Gap? Government Subsidized Lending and Access to Capital." Review of Corporate Finance Studies 2, no. 1 (March 2013): 98–128.
    • 21 Aug 2014
    • News

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