Financial Systems - Publications - Faculty & Research

01 Jul 2008
First Look

First Look: July 1, 2008

of potential funding sources to solve social problems, much of it stemming from an intergenerational transfer of wealth and new wealth from financial and high-tech entrepreneurs. Download the paper:... View Details

Keywords: Martha Lagace

19 Oct 2015
Research & Ideas

Business Research that Makes for Smarter Public Policy

Smarter Policy” to help provide evidence on matters of small-business financing—looking in particular about whether and how the financial crisis created a credit gap for small businesses. Despite gathering information, however, the... View Details

Keywords: by Michael Blanding

12 Nov 2014
Op-Ed

A Challenge to the New Congress: Pass Housing Finance Reform

those government guarantees, private financial institutions, recalling the burst housing bubble, would not assume the long term risks associated with these mortgages. (If the private investors were willing to take these risks, they would... View Details

Keywords: by Nicolas Retsinas & Rob Couch; Construction; Real Estate

Fast Answer

Managing & Investing in a Fast-Growing Emerging Market: India

– India. Relevant sources include: The Financial Express and India Today. Emerging Markets... View Details

Profile

Josh Solera

could we put together a coherent, district-wide structure to turn around eleven schools? It wasn’t easy being only twenty-three, twenty-four, and talking to people who had been living with these challenges for years. But in eleven months, we set up a View Details

01 Mar 2004
News

Reforming Company Boards

Solutions for Better Corporate Governance (Bloomberg Press) emphasizes accountability, transparency, performance measurement, and a strong system of checks and balances in its practical approach to reform. Why did you write this book?... View Details

Keywords: Corporate Services

29 May 2014
Research & Ideas

Research Symposium 2014

to favor this experienced view." He cited the example of several meetings in the year 2000, during which the Financial Accounting Standards Board was hashing out rules regarding mergers and acquisitions. At issue was the topic of... View Details

Keywords: by Carmen Nobel; Accounting; Health

13 Nov 2020
News

Faculty Focus Their Research on COVID-19 Issues

Professor of Business Administration. His interest in expanding the reach of this work drove the launch of the COVID-19 Business Impact Center, an online hub for the School’s intellectual capital related to the pandemic. Research is categorized under six broad areas:... View Details

September 1992 (Revised March 1997)
Case

Summit Distributors (A)

By: William J. Bruns Jr. and Amy P. Hutton

Summit Distributors was in danger of violating loan covenants because of slow economic activity and forecasted losses and was faced with a choice. Changing the inventory valuation method from LIFO to FIFO would avoid default but would require higher future income... View Details

Keywords: Taxation; Cost Accounting; Cash Flow; Interest Rates; Economic Systems; Borrowing and Debt; Financial Statements; Valuation; Accounting Audits; Financing and Loans; Accounting Industry; Legal Services Industry

Citation

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March 2005
Article

Sovereign Debt As a Contingent Claim: A Quantitative Approach

By: Laura Alfaro and Fabio Kanczuk

We construct a dynamic equilibrium model with contingent service and adverse selection to quantitatively study sovereign debt. In the model, benefits of defaulting are tempered by higher future interest rates. For a wide set of parameters, the only equilibrium is one... View Details

Keywords: Sovereign Finance; Borrowing and Debt; Interest Rates; Balance and Stability; Risk and Uncertainty; Risk Management; Mathematical Methods; Management Style; Segmentation; Debt Securities; Banking Industry

Citation

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15 Oct 2014
Research & Ideas

Apple Pay’s Technology Adoption Problem

long way to go to knock off the established credit card system, Shih says. "Ecosystems are very delicately balanced, and the current payment system represents a balance that has resulted from 40 years of evolution. There's a lot of... View Details

Keywords: by Dina Gerdeman; Technology; Retail

01 Mar 2018
News

Realizing The Potential Of One Harvard

curriculum covers topics ranging from programming and data science systems to digital strategy and innovation to data-driven marketing. The course content includes both asynchronous learning sessions and sessions taught by Harvard faculty... View Details

Portrait Project

Jared Simon

resources for shelter, increased commerce and trade all enabled population growth, increasing lifespan, and a higher standard of living. However, our gains have come at the expense of tipping the natural world out of balance. Natural View Details

04 Jun 2020
Blog Post

What MBAs can do in Defense of Black Lives

Sign the MBA Oath. Created in the wake of the 2008 Financial Crisis, the MBA Oath is a pledge for business school graduates who aspire to be ethical managers and leaders. Consider joining the community of signatories today. Ask your alma... View Details

01 Apr 2025
Blog Post

Alumni in Climate Networking Series: Miami

Are you interested in connecting with other alumni leveraging their careers to confront climate change? BEI invites HBS Alumni to join our Alumni in Climate Networking Series for a chance to connect with local alumni to discuss ideas, trends, opportunities, and... View Details

07 Aug 2019
News

“The Star of the North”

The leaders of Granite Equity, a nontraditional private investment and holding company in St. Cloud, Minnesota, know the strength of the area in which they sit. They aren’t looking for portfolio businesses with a Manhattan financial... View Details

Keywords: Maureen Harmon

11 Feb 2022
Blog Post

Short Intensive Program (SIP): Opportunities in the Plant-Based Economy

from vegan Olympian Seba Johnson to prominent documentary director of Game Changers, Louie Psihoyos. What made you decide to take this SIP? Monika: I’m very passionate about food system sustainability and the plant-based economy is a key... View Details

Web

Early Years at HBS - Georges F. Doriot : Educating Leaders, Building Companies, Baker Library, Harvard Business School

financial world. "You gave, as needed, advice, encouragement, criticism. Always you have urged us into original and constructive thinking upon difficult problems." HBS students to Georges F. Doriot, quoted in a letter from Georges F.... View Details

Web

IT Strategy: Building a Smarter, Scalable Future in the Cloud | Information Technology

technologies and offerings with the broader HBS IT strategy, supporting operational efficiency, cross-team collaboration, and compliance. FinOps Tool Implementation: A new Cloud Financial Operations tool will be implemented to support... View Details

02 May 2016
News

Can Brian Shortsleeve Fix the MBTA’s Budget Woes?

officials and transit advocates. Shortsleeve said his goal is to balance the agency’s books for the first time in 15 years, even if that means taking on sacred cows. He said any savings will be reinvested in the system to make it run more... View Details

Publications