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- All HBS Web (308)
- Faculty Publications (85)
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- 01 Oct 2024
- Research & Ideas
How Politics Drives Business Decisions in a Polarized Nation
executive suites, start-up firms, and even entire professions and industries. Within finance, in particular, decisionmakers’ political views influence investment returns, credit ratings, asset allocations, loan terms, and bond yields,... View Details
Keywords: by Jay Fitzgerald
- 18 May 2010
- First Look
First Look: May 18
payout policy, profitability, and industry. We consider interpretations of these results based on both time-varying risk premia and mispricing. Our results are primarily consistent with the view that firms... View Details
Keywords: Martha Lagace
- 24 Sep 2014
- Op-Ed
The ABCs of Addressing Climate Change (From a Business Perspective)
Change What role should business leaders play in trying to affect climate change? Harvard Business School faculty share their thoughts. A: Actuarial Thinking. Assessing probabilities and portfolio risk is how property insurance companies... View Details
- 23 Dec 2008
- First Look
First Look: December 23, 2008
Goldman Sachs & Co.—where one of the authors (Friedman) was Chairman—during the 1980s and early '90s: the firm's moves into junk bonds and private equity and its sustained efforts to become a truly global company. An effective... View Details
Keywords: Martha Lagace
- 18 Apr 2017
- First Look
First Look at New Ideas, April 18
argue that the puzzling combination of high-frequency excess sensitivity and low-frequency decoupling between short- and long-term rates can be understood using a model in which (i) shocks to short-term interest rates lead to a rise in term View Details
Keywords: by Sean Silverthorne
- 12 Jul 2011
- First Look
First Look: July 12
debt issuers deteriorates during credit booms, and that this deterioration forecasts low excess returns to corporate bondholders. The key insight is that changes in the pricing of credit risk disproportionately affect the financing costs... View Details
Keywords: Carmen Nobel
- 25 Jan 2011
- First Look
First Look: Jan. 25
association between creativity and dishonesty, thus highlighting a dark side of creativity. Download the paper: http://www.hbs.edu/research/pdf/11-064.pdf Issuer Quality and Corporate Bond Returns Authors:Robin Greenwood and Samuel G.... View Details
Keywords: Sean Silverthorne
- 22 May 2018
- First Look
New Research and Ideas, May 22, 2018
https://www.hbs.edu/faculty/Pages/item.aspx?num=54476 Trust and Disintermediation: Evidence from an Online Freelance Marketplace By: Gu, Grace, and Feng Zhu Abstract—As an intermediary improves trust between two sides of its market to facilitate matching and... View Details
Keywords: Dina Gerdeman
- 21 Jun 2011
- First Look
First Look: June 21
refrigerated food products, primarily poultry, it begins by describing broad patterns about the use of alternative financing terms. These patterns help discipline a model in which the trade finance mode is shaped by the risk that an... View Details
Keywords: Sean Silverthorne
- 17 Jan 2012
- First Look
First Look: January 17
http://www.people.hbs.edu/mbaker/cv/papers/bcfsurvey2v20.pdf Comovement and Predictability Relationships Between Bonds and the Cross-Section of Stocks Authors:Malcolm Baker and Jeffrey Wurgler Publication:Review of Asset Pricing Studies... View Details
Keywords: Sean Silverthorne
- 27 Jan 2016
- Research & Ideas
A Politician's Investment Portfolio Might Tip Off Corruption Potential
The risk taken in a politician’s private investment portfolio is a strong indicator of whether that person will cross legal or ethical lines in office. The riskier the portfolio, the more likely the lawmaker will be involved in at least... View Details
Keywords: by Roberta Holland
- 26 Mar 2013
- First Look
First Look: March 26
persists as the biggest threat to private minority shareholders in these firms. Book: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2217627 Working Papers Reaching for Yield in the Bond Market By: Becker, Bo, and Victoria Ivashina... View Details
Keywords: Sean Silverthorne
- 10 Jun 2014
- First Look
First Look: June 10
diverged from their American counterparts in using public relations strategies not only to contain fallout from criticism, but also as opportunities for changes in corporate culture aimed at promoting a positive bond with consumers based... View Details
Keywords: Sean Silverthorne
- 27 May 2009
- First Look
First Look: May 27, 2009
Finally, the long-run risks model implies extremely low yields and negative-term premia on inflation-indexed bonds. Download the paper from SSRN ($5): http://papers.nber.org/papers/W14788 Measuring the... View Details
Keywords: Martha Lagace
- 24 Jul 2018
- First Look
New Research and Ideas, July 24, 2018
visible intervention, like the innovation contest, has both benefits and risks. Our findings suggest benefits such as increased engagement with work and community as well as risks such as discontent that could arise if staff suggestions... View Details
Keywords: Dina Gerdeman
- 26 Jun 2018
- First Look
New Research and Ideas, June 26, 2018
end of the yield curve. Using data from 26 countries, the yield spread between 30-year and 10-year government bond yields is negatively related to the ratio of pension assets (in funded and private pension and life insurance arrangements)... View Details
Keywords: Dina Gerdeman
- 12 Jan 2016
- First Look
January 12, 2016
through expected future bond risk premia. If a QE operation is expected to be undone in the near term, then its announcement will have a hump-shaped effect on the yield and forward-rate curves; otherwise the... View Details
Keywords: Carmen Nobel
- 03 Mar 2008
- First Look
First Look: March 4, 2008
management. We find a large effect: pre-Reg FD the return premium from school ties was 8.16% per year, while post-Reg FD the return premium was nearly zero and insignificant. Download the paper: http://www.hbs.edu/research/pdf/08-074.pdf View Details
Keywords: Martha Lagace
- 06 Sep 2005
- Research & Ideas
The Best Place for Retirement Funds
on asset location issues. He has a theoretical paper arguing that households that face a risk of becoming unemployed should hold risk-free assets outside of their tax-deferred accounts. This advice goes counter to the tax-efficient... View Details
Keywords: by Ann Cullen
- 28 Apr 2009
- First Look
First Look: April 28, 2009
from the risk that they will live a long time. The funds that individuals contribute to a MIF are invested in a mutual fund. The proceeds from the fund's underlying assets are reinvested until the contributor dies or he turns an age... View Details
Keywords: Martha Lagace