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- All HBS Web (308)
- Faculty Publications (85)
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- 06 Dec 2011
- Op-Ed
Greater Fiscal Integration Best Solution for Euro Crisis
deleveraging that made them sell European sovereign debt. But the ECB's most powerful weapon - intervening in the bond market - is still locked away. Draghi needs to create consensus among the German "hawks" who worry about the... View Details
Keywords: by Dante Roscini
- 24 Sep 2013
- First Look
First Look: September 24
Publications August 2013 Financial Analysts Journal The Low Beta Anomaly: A Decomposition into Micro and Macro Effects By: Baker, Malcolm, Brendan Bradley, and Ryan Taliaferro Abstract—Low beta stocks have offered a combination of low View Details
Keywords: Sean Silverthorne
- 27 Jan 2015
- First Look
First Look: January 27
not had lower costs of equity (lower stock returns), consistent with a stock market anomaly previously documented in other samples. A calibration suggests that a binding 10 percentage point increase in Tier 1 capital to risk-weighted assets could double banks' View Details
Keywords: Sean Silverthorne
- 05 Mar 2013
- First Look
First Look: March 5
emerging Asian markets. Paper: http://www.asiabusinessinsights.com/articles.html#sub_articles_E-commerce_in_Asia Issuer Quality and Corporate Bond Returns Authors:Greenwood, Robin, and Samuel G. Hanson Publication:Review of Financial... View Details
Keywords: Sean Silverthorne
- 24 Sep 2014
- Op-Ed
The ABCs of Addressing Climate Change (From a Business Perspective)
It's Climate Week in New York City. The schedule features a UN Climate Summit, a People's Climate March, the Clinton Global Initiative, substantial criticism of the whole endeavor, and plenty of agitated interaction. There is a lot of noise here. How can businesses cut... View Details
- 21 May 2013
- First Look
First Look: May 21
https://www.hbs.edu/faculty/Pages/item.aspx?num=44800 Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly By: Baker, Malcolm, and Jeffrey Wurgler Abstract—Minimum capital requirements are a central... View Details
Keywords: Sean Silverthorne
- January 2004 (Revised June 2004)
- Case
Innovation at the Treasury: Treasury Inflation-Protection Securities (A)
By: Kenneth A. Froot, Peter A. Hecht and Christopher Edward James Payton
In 1997, the U.S. Treasury was deciding whether to proceed with a proposal to issue inflation-indexed bonds. This case explores the challenges facing innovation in the financial markets as the Treasury tries to determine whether to introduce Treasury... View Details
Keywords: Inflation; Innovation; Federal Government; Securities; Debt Securities; Risk Management; Bonds; Investment Portfolio; Capital Markets; Inflation and Deflation; Government and Politics; Innovation and Invention; United States
Froot, Kenneth A., Peter A. Hecht, and Christopher Edward James Payton. "Innovation at the Treasury: Treasury Inflation-Protection Securities (A)." Harvard Business School Case 204-112, January 2004. (Revised June 2004.)
- 25 Apr 2014
- Research & Ideas
To Pay or Not to Pay: Argentina and the International Debt Market
Back then, Argentina tried to fend off creditors by adopting a hard-line attitude about reducing its debt obligations. When it initiated a bond exchange offer in 2005 and told its creditors to "take it or leave it," the republic... View Details
Keywords: by Laura Alfaro
- 07 Dec 2010
- First Look
First Look: Dec. 7
http://www.hbs.edu/research/pdf/11-040.pdf Financial Guarantors and the 2007-2009 Credit Crisis Authors:Daniel Bergstresser, Randolph Cohen, and Siddharth Shenai Abstract More than half of the municipal bonds issued between 1995 and 2009... View Details
Keywords: Sean Silverthorne
- 14 Oct 2009
- First Look
First Look: October 14
paper: http://www.hbs.edu/research/pdf/09-114.pdf Endowments, Fiscal Federalism, and the Cost of Capital for States: Evidence from Brazil, 1891-1930 Authors:André C. Martínez Fritscher and Aldo Musacchio Abstract There is a large amount of literature that aims to... View Details
Keywords: Martha Lagace
- 08 Jan 2019
- First Look
New Research and Ideas, January 8, 2019
supply expenses are provided. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=55343 Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds By: Baker, Malcolm, Daniel Bergstresser, George... View Details
Keywords: Dina Gerdeman
- 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
- 25 Apr 2019
- Research & Ideas
Incubators Take Notice: Your Entrepreneurs Are Networking with the Wrong People
learning and advice when members are already embedded in existing networks,” Koning and coauthor Sharique Hasan of Duke University argue in Prior ties and the limits of peer effects on startup team performance, published April 11 in Strategic Management Journal. The... View Details
Keywords: by Danielle Kost
- 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
- 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
- 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
- 10 Aug 2011
- Research & Ideas
HBS Faculty Views on Debt Crisis
and take risks on hiring. The US economy was already slowing, and this downgrade is likely to reinforce that trend. Unfortunately, slower growth makes deleveraging dramatically more difficult. Reducing debt results in deleveraging only if... View Details
Keywords: by Staff
- 25 Feb 2014
- First Look
First Look: February 25
not get along). Study 4 investigates a moderator of the rewarding nature of matchmaking: the type of connection. We show that bridging ties are relatively more attractive than bonding ties: the more unlikely the match, the more rewarding... View Details
Keywords: Sean Silverthorne
- 09 Apr 2008
- Research & Ideas
The Matchmaker of the Modern Economy
savings market, but they were reluctant to invest in risky new ventures. Custom and prudence dictated that the trustees of these firms confined their investments to high-grade bonds or blue-chip securities. [ARD's acting president Ralph]... View Details
Keywords: by Spencer E. Ante