Non-bank Financial Institutions - Publications - Faculty & Research

January 2009
Background Note

Financial Networks and Informal Banking in China: From Pawnshops to Private Equity

By: Elisabeth Koll

Provides an analysis of why informal financial networks and institutions still play an extremely important role in China's economy in the 21st century. Although China has emerged as one of the fastest growing economies in the world, it still suffers from a weak... View Details

Keywords: Entrepreneurship; Private Equity; Banks and Banking; Financing and Loans; Governing Rules, Regulations, and Reforms; State Ownership; Business and Government Relations; Networks; China

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Reconceiving Products & Markets - Institute For Strategy And Competitiveness

safety, health, education, nutrition, living with disability, housing, financial security, etc.) Opening new markets by serving unmet needs in underserved communities, which often requires redesigned products or different distribution... View Details

04 May 2009
Working Paper Summaries

An Ounce of Prevention: The Power of Public Risk Management in Stabilizing the Financial System

Keywords: by David A. Moss; Financial Services; Financial Services

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BiGS Fellows | Institute for Business in Global Society

Institute for New Economic Thinking (INET) The financial economics of sustainability and climate change As business strives to reduce carbon emissions and transition to clean energy, Gasparini plans to study... View Details

December 2010
Article

Acquisitions as Exaptation: The Legacy of Founding Institutions in the U.S. Commercial Banking Industry

By: Christopher Marquis and Zhi Huang

This study focuses on the imprinting of institutional environments, particularly how founding institutions impact intra-organizational capabilities and how such imprints may have different external manifestations in subsequent historical eras. We introduce the concept... View Details

Keywords: Mergers and Acquisitions; Commercial Banking; Organizations; Theory; Policy; Government and Politics; Management Practices and Processes; Strategy; Competency and Skills; United States

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The Role of Leaders - Institute For Strategy And Competitiveness

of a company’s unique value proposition Sell the strategy and how to evaluate progress against the strategy to the financial markets Communicating Strategy Strategy involves everyone in an organization, not just senior management The... View Details

2009
Working Paper

An Ounce of Prevention: The Power of Public Risk Management in Stabilizing the Financial System

By: David A. Moss

The magnitude of the current financial crisis reflects the failure of an economic and regulatory philosophy that had proved increasingly influential in policy circles over the past three decades.

This paper suggests (1) that contrary to the prevailing wisdom,... View Details

Keywords: Financial Crisis; Financial Institutions; Governing Rules, Regulations, and Reforms; Risk Management; Business and Government Relations; Balance and Stability

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08 May 2019
Working Paper Summaries

Bank Boards: What Has Changed Since the Financial Crisis?

Keywords: by Shiva Rajgopal, Suraj Srinivasan, and Forester Wong; Banking

04 Nov 2015
What Do You Think?

Why Does Gender Diversity Improve Financial Performance?

only on paper.” There were several criticisms of the fact that the research identified correlations, not causes. Norman Toy made the point by stressing the especially mischievous nature of the use of correlation in this case. In his words, “One interpretation is that... View Details

Keywords: by James Heskett

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Global Trade, Capital and National Institutions - Course Catalog

rate, and free capital mobility. Research has demonstrated that local conditions- political objectives, financial markets, firms, and institutions for effective- decisively influence the operation of these... View Details

April 2013
Teaching Plan

Barclays and the LIBOR Scandal

By: Clayton S. Rose and Aldo Sesia

In the summer of 2012, Barclays plc, one of the largest banks in the world, agreed to settle with authorities and acknowledged that the firm had manipulated LIBOR (London Inter-Bank Offered Rate)—a benchmark reference rate that was fundamental to the operation of... View Details

Keywords: Financial Systems; Financial Services; Corruption; Regulation; General Management; Management; Leadership; Economic Systems; Crime and Corruption; Ethics; Culture; Financial Services Industry; Financial Services Industry; United Kingdom

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Strategy for Health Care Delivery - Institute For Strategy And Competitiveness

offered in cooperation with the HBS Institute for Strategy and Competitiveness (ISC). Key Benefits In this program, you will use a value framework—first introduced by HBS professor Michael E. Porter in his book Redefining Health Care—as a... View Details

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Organize Care Around Medical Conditions - Institute For Strategy And Competitiveness

unified financial structure which ideally is a unified profit and loss statement IPUs routinely measure outcomes, costs, care processes, and patient experience using a common platform, and accept joint accountability for results. The team... View Details

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Executive Education Courses - Institute For Strategy And Competitiveness

responsible for overseeing care delivery Financial executives who direct cost management for health care delivery organizations HR executives from large organizations who manage health care for employees, collaborate with health care... View Details

2019
Working Paper

Bank Boards: What Has Changed Since the Financial Crisis?

By: Shiva Rajgopal, Suraj Srinivasan and Forester Wong

Several government-mandated committees investigating the financial crisis highlighted four key deficiencies in the composition of bank boards before the crisis: (i) group think among bank board members; (ii) absence of prior banking experience of board members; (iii)... View Details

Keywords: Banks and Banking; Governing and Advisory Boards; Corporate Governance; Financial Crisis; Change; Diversity

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1993
Chapter

Management of Risk Capital in Financial Firms

By: Robert C. Merton and André Perold

Keywords: Risk Management; Capital; Financial Institutions; Financial Services Industry

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21 Jan 2022
Blog Post

How HBS Financial Aid Can Help You Meet the Cost of Your MBA

access higher education while avoiding the financial pitfalls I encountered when I was a student. I feel proud to work for an institution where I can confidently say students are making a smart and valuable... View Details

01 Dec 2008
News

No Easy Fix for the Financial Crisis

tasks, so too should we remedy financial turmoil.” First, stabilize the patient, in this case the markets. That’s what the $700 billion rescue plan (signed into law by President Bush MBA ’75 on October 3) aimed to accomplish: stabilize... View Details

Keywords: Roger Thompson;Martha Lagace; deregulation; moral hazard; the middle class; Finance

February 2002 (Revised February 2003)
Case

Argentina's Financial System: The Case of Banco de Galicia

By: Rafael M. Di Tella, Tarun Khanna, Huw Pill, Alexandra de Royere and Ingrid Vogel

Describes the development of Argentina's financial system after the "Tequila Crisis" that came about as a result of the speculative attack on the Mexican peso's peg to the U.S. dollar in December 1994. Although Argentina's banking system was strengthened overall due to... View Details