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- All HBS Web (75)
- Faculty Publications (27)
Show Results For
- All HBS Web (75)
- Faculty Publications (27)
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- April–May 2024
- Article
Gone with the Big Data: Institutional Lender Demand for Private Information
By: Jung Koo Kang
I explore whether big-data sources can crowd out the value of private information acquired through lending relationships. Institutional lenders have been shown to exploit their access to borrowers’ private information by trading on it in financial markets. As a shock...
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Keywords:
Analytics and Data Science;
Borrowing and Debt;
Financial Markets;
Value;
Knowledge Dissemination;
Financing and Loans
Kang, Jung Koo. "Gone with the Big Data: Institutional Lender Demand for Private Information." Art. 101663. Journal of Accounting & Economics 77, nos. 2-3 (April–May 2024).
- 2022
- Working Paper
The Issuance and Design of Sustainability-linked Loans
By: Maria Loumioti and George Serafeim
Sustainability-linked loans (i.e., syndicated loans for which pricing is linked to a sustainability performance indicator) have rapidly evolved into a significant private debt product. We find that sustainability-linked lending has been available mostly to borrowers...
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Keywords:
Sustainability;
Sustainability Management;
Credit Products;
Loan Contracts;
Loans;
Corporate Finance;
Credit Risk;
Environment;
ESG;
ESG Ratings;
Climate Change;
Finance;
Borrowing and Debt;
Risk and Uncertainty;
Credit
Loumioti, Maria, and George Serafeim. "The Issuance and Design of Sustainability-linked Loans." Harvard Business School Working Paper, No. 23-027, November 2022.
- 2014
- Working Paper
Eclipsed and Confounded Identities: When High-Status Affiliations Impede Organizational Growth
By: Daniel Malter
I propose that an organization's growth potential may suffer if its identity is eclipsed by or confounded with the organizations with which it collaborates and competes. Using status as a salient feature of identity, I devise two network measures to capture the degree...
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Keywords:
Distinctiveness;
Status;
Networks;
Resource Acquisition;
Growth;
Venture Capital;
Status and Position;
Organizational Change and Adaptation;
Identity;
Growth and Development Strategy
Malter, Daniel. "Eclipsed and Confounded Identities: When High-Status Affiliations Impede Organizational Growth." Harvard Business School Working Paper, No. 15-019, October 2014.
- 14 Mar 2007
- Op-Ed
Government’s Misguided Probe of Private Equity
and Forstmann Little & Co., have dramatically downsized or announced their intention to cease operations after experiencing investment missteps and succession problems. Meanwhile, new organizations have amassed enormous sums of capital in short periods. Even a...
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- October 2013 (Revised November 2013)
- Case
Blackstone and the Sale of Citigroup's Loan Portfolio
By: Victoria Ivashina and David Scharfstein
The credit boom that preceded the 2007-2009 financial crisis led to several lending practices that exposed banks to large risks. In particular, when the financial crisis unraveled, there were several billion dollars' worth of leveraged buyout (LBO) loans that were...
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Keywords:
Restructuring;
Private Equity;
Insolvency and Bankruptcy;
Credit Derivatives and Swaps;
Financial Markets;
Investment;
Banking Industry;
Financial Services Industry
Ivashina, Victoria, and David Scharfstein. "Blackstone and the Sale of Citigroup's Loan Portfolio." Harvard Business School Case 214-037, October 2013. (Revised November 2013.)
- 17 Dec 2008
- Lessons from the Classroom
‘Ted Levitt Changed My Life’
The details differ slightly, but the story, in its telling, is always the same. Ninety or so MBA students sit nervously awaiting the start of their first Marketing class. At the appointed time—not a minute more or less—a slight man with...
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- 26 Sep 2011
- HBS Case
HBS Cases: Lady Gaga
Searched-For Female," as recorded by Google, and made international headlines for donning a dress made of red meat, which Time Magazine called the top fashion statement of 2010. “Gaga is a marketing phenomenon” So it's almost...
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- Research Summary
Re-Producing Exclusivity: A History of the Transatlantic Fashion Industry, 1929-1960
The history of fashion has been increasingly explored over the last decade, but two important and intertwined features of the topic are still underdeveloped: business and its international aspect. These dimensions are crucial. Fashion is first and foremost an industry...
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- 15 Jun 2010
- First Look
First Look: June 15
to $426 billion, accounting for nearly 70% of the jump in total syndicated loan issuance over the same period. Did the inflow of institutional funding in the syndicated loan View Details
Keywords:
Martha Lagace
- 07 Jul 2015
- First Look
First Look: July 7, 2015
Successful Products for Emerging Markets By: Winter, Amos, and Vijay Govindarajan Abstract—Multinationals are starting to catch on to the logic of reverse innovation, in which products are designed first for consumers in low-income...
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Keywords:
Sean Silverthorne
- 22 Jan 2019
- First Look
New Research and Ideas, January 22, 2019
predictions. Publisher's link: https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=54314 January–February 2019 Harvard Business Review Cracking Frontier Markets By: Christensen, Clayton M., Efosa Ojomo, and Karen Dillon Abstract— With...
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Keywords:
Dina Gerdeman
- 24 Dec 2013
- First Look
First Look: December 24
Mature Field: Swiss Watchmaking, 1970-2008 By: Raffaelli, Ryan Abstract—I examine the processes and mechanisms whereby market demand for a "dying" technology re-emerges at a later date. In 1983, fourteen years after the...
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Keywords:
Carmen Nobel
- 08 Aug 2017
- First Look
First Look at Research and Ideas, August 8, 2017
our sample period and a 3% increase in aggregate market capitalization. These findings highlight a novel mechanism through which long-standing corporate behaviors can be transformed. Collusion in Markets...
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Keywords:
Sean Silverthorne
- 20 Feb 2008
- First Look
First Look: February 20, 2008
Working PapersFinding Missing Markets (and a disturbing epilogue): Evidence from an Export Crop Adoption and Marketing Intervention in Kenya Authors:Nava Ashraf, Xavier Gine, and Dean Karlan Abstract In...
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Keywords:
Martha Lagace
- 02 Feb 2010
- First Look
First Look: Feb. 2
Loan Syndication and Credit Cycles Authors:Victoria Ivashina and David S. Scharfstein Publication:American Economic Review, Papers and Proceedings (forthcoming) Abstract Cyclicality in the supply of business credit has been the focus of a...
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Keywords:
Martha Lagace
- 28 Aug 2012
- First Look
First Look: August 28
of International Financial Reporting Standards (IFRS) leads to capital market benefits through enhanced financial statement comparability. UK domestic standards are considered very similar to IFRS (Bae et al., 2008), suggesting any...
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Keywords:
Sean Silverthorne
- 12 Apr 2011
- First Look
First Look: April 12
more likely to use equity in the transaction, and buy companies in a related industry. The market tends to react more negatively to the announcement of the acquisition of a venture capital-backed company, but the long-run stock View Details
Keywords:
Sean Silverthorne
- 04 Dec 2006
- Research & Ideas
The Money Connection—Understanding VC Networks
the effects of geographic distance and a "hot" IPO market on the formation of networks in the venture capital industry. The fact that the world is connected through spanning ties has huge effects on the spread of all manner of...
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- 05 Jun 2018
- First Look
New Research and Ideas, June 5, 2018
https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=53636 Collusion in Markets with Syndication By: Hatfield, John William, Scott Duke Kominers, Richard Lowery, and Jordan M. Barry Abstract—Many markets,...
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Keywords:
Dina Gerdeman
- 23 Oct 2012
- First Look
First Look: October 23
deals but do not exhibit better performance. The parent-financing advantage in loan terms is concentrated during credit market peaks when banks tend to syndicate more of the loans to external loan investors...
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Keywords:
Sean Silverthorne