Financial Risk - Publications - Faculty & Research

01 May 2020
In Practice

COVID-19’s Hard Lessons Might Prepare Business for Climate Change

The coronavirus pandemic caught the business world by surprise, but the catastrophe might force companies to face a crisis that has been unfolding in plain sight: climate change. We asked faculty members affiliated with the Business and Environment Initiative at... View Details

Keywords: by Danielle Kost

05 May 2022
News

Like-Minded

seemingly missing in Japan’s financial world. They couldn’t put their collective finger on it—not until, that is, they built their own VC firm. To be clear, the trio did not set out to create the first female-led venture capital firm in... View Details

01 Sep 2010
News

Reinventing the Annual Report

"That's the report. Now, would anyone like to carp?" © James Stevenson/The New Yorker Collection/ www.cartoonbank.com I am always interested in reading what the companies I own stock in have to say about themselves in their ritualistic annual reports filled with View Details

Keywords: Robert G. Eccles

February 2022 (Revised May 2022)
Case

Jaypee Infratech and the Indian Bankruptcy Code

By: Kristin Mugford, William Vrattos and Radhika Kak

In 2016, India passed a new bankruptcy law (IBC) to counter a brewing bank crisis and increased corporate distress. Homebuilder Jaypee Infratech, one of India largest distressed companies (the “dirty dozen”) began restructuring under the IBC in 2017. Two years later,... View Details

Citation

Educators

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10 May 2004
Research & Ideas

Rethink the Value of Joint Ventures

and entrepreneurial management, done with colleagues C. Fritz Foley and James R. Hines Jr. at the University of Michigan. Their research will appear in a forthcoming issue of the Journal of Financial Economics. In this interview, Desai... View Details

Keywords: by Cynthia Churchwell

20 Sep 2016
First Look

September 20, 2016

efforts of U.S. and European banks to induce changes in organization culture in the aftermath of the 2008 financial crisis. Since this crisis, wide ranging regulations aimed at improving risk management and... View Details

Keywords: Sean Silverthorne

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

02 Dec 2010
News

Ten Rules for Entrepreneurs

entrepreneurs from the late 1990s and winnowed the lot down to three: Marla Malcolm Beck, Chris Michel, and Marc Cenedella. From their stories, he derived key lessons learned, often the hard way, as they built successful businesses, created hundreds of jobs, and... View Details

Keywords: Roger Thompson; Management; Management, Scientific, and Technical Consulting Services; Professional Services

Profile

Ryu Kawano

financials and determine where value is derived from." After a year, he accepted a position with TPG Capital in Tokyo. "Part of what attracted me was the opportunity to work in my home country — I hadn't lived or worked there... View Details

19 Feb 2008
News

The Scoop Behind the Silver Screen

hands.” This being HBS, Stevens detailed some of the financial aspects of producing an independent film, i.e. one that is made without the deep pockets of a large Hollywood studio. According to Samuels, about eighty percent of funding... View Details

Keywords: Arts, Entertainment; Business Schools & Computer & Management Training; Educational Services; Real Estate

24 Sep 2020
News

The Race for a Vaccine

most companies, the financial risk remained too high to justify the potential reward—a situation that too often led to dangerous vaccine shortages. It was at this moment that Moderna turned its attention to... View Details

Keywords: April White; COVID-19; Scientific Research and Development Services

11 Jul 2012
Research & Ideas

Book Excerpt: ’The Future of Boards’

Editor's note: The credit crisis and subsequent recession has thrown many financial and business institutions into, if not chaos, then at least a sense that the landscape underneath has shifted significantly. One institution undergoing... View Details

Keywords: by Jay Lorsch

05 Aug 2002
Research & Ideas

Five questions for Regina E. Herzlinger

"bonus" long-term policies that reward those who switch to healthy lifestyles. Insurers and providers will receive risk-adjusted payments, so the sick will become financially attractive enrollees and patients. With today's... View Details

Keywords: by Martha Lagace

14 May 2024
Blog Post

Creating Emerging Markets Sustainability Series - How to Build a Culture of Intrapreneurship

is the Co-Founder and Executive Director of InGenia Uruguay, an outsourcing and strategic consultancy services company based in Montevideo. Established in 2003, InGenia specializes in risk management for Uruguay’s View Details

02 Jun 2011
What Do You Think?

Is it Time for a National Bankruptcy?

question this raises is which lenders, nations or commercial institutions? Shann Turnbull, citing some of his own work on the subject, argued that the risks of allowing insolvency "can no longer be reliably managed because they have... View Details

Keywords: by Jim Heskett

January 2023 (Revised June 2024)
Case

Adams + Beasley Associates

By: Dennis Campbell and Iuliana Mogosanu

This case illustrates how a strong culture, founder-led SME designed and used a unique performance metric—the job security index—to manage through periods of economic uncertainty. The case centers specifically on how the job security index was used in an interactive... View Details

Keywords: Financial Crisis; Measurement and Metrics; Employee Ownership; Risk and Uncertainty; Small Business; Leadership; Organizational Culture

Citation

Educators

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05 Mar 2019
First Look

New Research and Ideas, March 5, 2019

forthcoming Journal of Financial and Quantitative Analysis Leverage and the Beta Anomaly By: Baker, Malcolm, Mathias F. Hoeyer, and Jeffrey Wurgler Abstract— The well-known weak empirical relationship between beta View Details

Keywords: Dina Gerdeman

01 Mar 2012
News

Capitalism’s New Agenda

and the environment. Interestingly (given that we interviewed them in late 2007 and early 2008), they were very concerned about the volatility and fragility of the financial markets. They thought the View Details

Keywords: Joseph L. Bower, Herman B. Leonard, and Lynn S. Paine; social activism; Occupy Wallstreet; Corporate Services; Finance

07 Oct 2002
Research & Ideas

What Leaders Need to Do To Restore Investor Confidence

to go outside them in terms of conduct or operations or strategy"; and also the belief systems, which don't simply set forth a list of Thou shalt nots, but which address what the organization positively stands for in terms of mission, purpose, and principle. A... View Details

Keywords: by Harvard Management Update

23 May 2017
First Look

First Look at New Ideas and Research: May 23, 2017

Corporate Debt in Emerging Markets By: Alfaro, Laura, Gonzalo Asis, Anusha Chari, and Ugo Panizza Abstract—This paper documents a set of stylized facts about leverage and financial fragility in the nonfinancial corporate sector in... View Details

Keywords: Carmen Nobel

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