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    • Research  (178)
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  • All HBS Web  (220)
    • News  (13)
    • Research  (178)
  • Faculty Publications  (142)
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  • September 2024
  • Teaching Note

Brown Capital Management

By: Luis M. Viceira and Sarah Mehta
Teaching Note for HBS Case No. 222-002. View Details
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Viceira, Luis M., and Sarah Mehta. "Brown Capital Management." Harvard Business School Teaching Note 225-003, September 2024.
  • August 2024
  • Supplement

Discerene Group: Long-Term Public-Markets Investing

By: Luis M. Viceira and Brent Schwarz
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Viceira, Luis M., and Brent Schwarz. "Discerene Group: Long-Term Public-Markets Investing." Harvard Business School Spreadsheet Supplement 225-704, August 2024.
  • August 2022
  • Teaching Note

PE Secondaries: Blackstone Strategic Partners

By: Victoria Ivashina and Luis M. Viceira
Teaching Note for HBS Case No. 222-027. View Details
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Ivashina, Victoria, and Luis M. Viceira. "PE Secondaries: Blackstone Strategic Partners." Harvard Business School Teaching Note 223-022, August 2022.
  • July 2018
  • Teaching Note

Prudential Financial—General Motors Pension Risk Transfer: Back to the Future?

By: Luis M. Viceira and Shawn O'Brien
Teaching Note for HBS No. 213-126. View Details
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Viceira, Luis M., and Shawn O'Brien. "Prudential Financial—General Motors Pension Risk Transfer: Back to the Future?" Harvard Business School Teaching Note 219-020, July 2018.
  • May 2015
  • Case

LOYAL3: Own What You Love™

By: Luis M. Viceira and Allison Ciechanover
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Viceira, Luis M., and Allison Ciechanover. "LOYAL3: Own What You Love™." Harvard Business School Multimedia/Video Case 215-064, May 2015.
  • Article

Dynamic Consumption and Portfolio Choice with Stochastic Volatility in Incomplete Markets

By: George Chacko and Luis M. Viceira
Keywords: Decision Choices and Conditions; Investment; Markets
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Chacko, George, and Luis M. Viceira. "Dynamic Consumption and Portfolio Choice with Stochastic Volatility in Incomplete Markets." Review of Financial Studies 18, no. 4 (Winter 2005).
  • March 2001
  • Article

Who Should Buy Long-Term Bonds?

By: John Y. Campbell and Luis M. Viceira
Keywords: Bonds
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Campbell, John Y., and Luis M. Viceira. "Who Should Buy Long-Term Bonds?" American Economic Review 91, no. 1 (March 2001): 99–127. (Winner of FAME Research Prize. International Center for Financial Asset Management and Engineering presented by University of Lausanne. Click here for Appendix.)
  • 2000
  • Other Unpublished Work

Asset Allocation with Endogenous Labor Income: The Case of Incomplete Markets

By: Luis M. Viceira and Yeung Lewis Chan
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Viceira, Luis M., and Yeung Lewis Chan. "Asset Allocation with Endogenous Labor Income: The Case of Incomplete Markets." December 2000.
  • March 2023
  • Supplement

Pershing Square's Pandemic Trade Teaching Note Courseware

By: Luis M. Viceira and Emil N. Siriwardane
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Viceira, Luis M., and Emil N. Siriwardane. "Pershing Square's Pandemic Trade Teaching Note Courseware." Harvard Business School Spreadsheet Supplement 223-708, March 2023.
  • September 2018
  • Supplement

Prudential Financial and Asset-Liability Management

By: Aditya Vikram Sunderam and Luis M. Viceira
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Sunderam, Aditya Vikram, and Luis M. Viceira. "Prudential Financial and Asset-Liability Management." Harvard Business School Spreadsheet Supplement 219-726, September 2018.
  • December 2015
  • Supplement

Nextel Peru: Emerging Market Cost of Capital, Spreadsheet for Instructors (Brief Case)

By: Luis M. Viceira and Joel L. Heilprin
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Viceira, Luis M., and Joel L. Heilprin. "Nextel Peru: Emerging Market Cost of Capital, Spreadsheet for Instructors (Brief Case)." Harvard Business School Spreadsheet Supplement 516-519, December 2015.
  • December 2015
  • Supplement

Nextel Peru: Emerging Market Cost of Capital, Spreadsheet for Students (Brief Case)

By: Luis M. Viceira and Joel L. Heilprin
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Viceira, Luis M., and Joel L. Heilprin. "Nextel Peru: Emerging Market Cost of Capital, Spreadsheet for Students (Brief Case)." Harvard Business School Spreadsheet Supplement 916-518, December 2015.
  • Article

Inflation-Indexed Bonds and the Expectations Hypothesis

By: Carolin E. Pflueger and Luis M. Viceira
This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the U.S. and in the U.K. We strongly reject the EH in inflation-indexed bonds and also confirm and update the existing evidence rejecting the... View Details
Keywords: TIPS; Breakeven Inflation; Return Predictability; Bond Risk Premia; Risk Management; Bonds; Financial Liquidity; Inflation and Deflation; United Kingdom; United States
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Pflueger, Carolin E., and Luis M. Viceira. "Inflation-Indexed Bonds and the Expectations Hypothesis." Annual Review of Financial Economics 3 (2011): 139–158.
  • Article

Optimal Value and Growth Tilts in Long-Horizon Portfolios

By: Jakub W. Jurek and Luis M. Viceira
We develop an analytical solution to the dynamic portfolio choice problem of an investor with power utility defined over wealth at a finite horizon, who faces a time-varying investment opportunity set, parameterized using a flexible vector autoregression. We apply this... View Details
Keywords: Decision Choices and Conditions; Private Equity; Investment; Investment Portfolio; Asset Pricing; Value
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Jurek, Jakub W., and Luis M. Viceira. "Optimal Value and Growth Tilts in Long-Horizon Portfolios." Review of Finance 15, no. 1 (January 2011): 29–74.
  • Article

Consumption and Portfolio Decisions When Expected Returns Are Time Varying

By: Luis M. Viceira and John Y. Campbell
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Viceira, Luis M., and John Y. Campbell. "Consumption and Portfolio Decisions When Expected Returns Are Time Varying." Quarterly Journal of Economics 114, no. 2 (May 1999): 433–495. (This note, "Consumption and Portfolio Decisions When Expected Returns Are Time Varying: Erratum," corrects an error in the May 1999 paper.)
  • March 2003
  • Case

Investing in Japan

By: Peter A. Hecht and Luis M. Viceira
The evolution of the macroeconomic environment, capital markets, financial institutions (including banks, public and private pension funds, and mutual funds), and financial regulation in Japan during the period 1980 to 2002, are examined long-term demographic... View Details
Keywords: Capital Markets; Investment; Financial Institutions; Macroeconomics; Japan
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Hecht, Peter A., and Luis M. Viceira. "Investing in Japan." Harvard Business School Case 203-036, March 2003.
  • 2006
  • Chapter

Strategic Asset Allocation for Pension Plans

By: John Y. Campbell and Luis M. Viceira
Keywords: Compensation and Benefits; Resource Allocation; Strategy
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Campbell, John Y., and Luis M. Viceira. "Strategic Asset Allocation for Pension Plans." In The Oxford Handbook of Pensions and Retirement Income, edited by Gordon Clark, Alicia Munnell, and Michael Orszag. Oxford University Press, 2006.
  • 2002
  • Book

Strategic Asset Allocation: Portfolio Choice for Long-Term Investors

By: John Y. Campbell and Luis M. Viceira
Keywords: Investment Portfolio
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Campbell, John Y., and Luis M. Viceira. Strategic Asset Allocation: Portfolio Choice for Long-Term Investors. Oxford: Oxford University Press, 2002. (Winner of TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security presented by TIAA-CREF Institute.)
  • December 2015
  • Case

Nextel Peru: Emerging Market Cost of Capital

By: Luis M. Viceira and Joel L. Heilprin
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Viceira, Luis M., and Joel L. Heilprin. "Nextel Peru: Emerging Market Cost of Capital." Harvard Business School Brief Case 916-516, December 2015.
  • March 2000
  • Case

Dell Computer Corporation: Share Repurchase Program

By: George C. Chacko and Luis M. Viceira
Dell Computer Corp. announced a share repurchase program shortly after a significant stock price drop. In this announcement, the company also states that it will use options contracts. This case looks at the options transactions and how they relate to Dell's employee... View Details
Keywords: Financial Strategy; Stock Options; Employee Stock Ownership Plan; Computer Industry
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Chacko, George C., and Luis M. Viceira. "Dell Computer Corporation: Share Repurchase Program." Harvard Business School Case 200-056, March 2000.
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