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- All HBS Web (200)
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- All HBS Web (200)
- Faculty Publications (87)
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- July 1998
- Article
New Derivative and Hedging Accounting Standard
By: David F. Hawkins
Hawkins, David F. "New Derivative and Hedging Accounting Standard." Accounting Bulletin, no. 67 (July 1998).
- 06 Apr 2021
- Working Paper Summaries
Currency Hedging in Emerging Markets: Managing Cash Flow Exposure
- 04 Aug 2009
- First Look
First Look: August 4
GM, it is burdened with large pension and other retiree liabilities that threaten to push it into bankruptcy. Bauer-Martin is considering using various credit derivatives (credit default swaps, credit-linked...
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Keywords:
Martha Lagace
- 11 Oct 2022
- Research & Ideas
Shrinking the Racial Wealth Gap, One Mortgage at a Time
borrowers are defaulting less.” Before recent interest rate hikes, American homeowners had been reaping the benefits of record home prices, cashing out amid a buying frenzy. However, data from the National Association of Realtors showed...
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- 16 Aug 2016
- First Look
August 16, 2016
https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=51460 Concentrated Capital Losses and the Pricing of Corporate Credit Risk By: Siriwardane, Emil N. Abstract—Using proprietary data on all credit View Details
Keywords:
Sean Silverthorne
- 28 Mar 2018
- Research & Ideas
Sophisticated Investors May Be Harming Fintech Lending Platforms
must address a major design problem: Sophisticated investors have been gaming the system by applying specialized screening tools to scoop up the choicest loans with the lowest default rates, leaving less experienced investors with less...
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- 12 Sep 2007
- Op-Ed
Building Sandcastles: The Subprime Adventure
relied on mortgage brokers to find the loans. The brokers made money when borrowers signed on the bottom line—regardless of the long-term prospects of owners' solvency. If the borrower defaulted, the broker bore no responsibility. The View Details
- October 1994
- Background Note
Note on Crude Oil and Crude Oil Derivatives Markets
By: Andre F. Perold, Wai Lee and Kuljot Singh
Briefly describes the crude oil markets and common derivatives contracts written on oil. The contracts are oil forward and futures contracts, and over-the-counter oil price swaps.
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Keywords:
Non-Renewable Energy;
Futures and Commodity Futures;
Credit Derivatives and Swaps;
Contracts;
Energy Industry
Perold, Andre F., Wai Lee, and Kuljot Singh. "Note on Crude Oil and Crude Oil Derivatives Markets." Harvard Business School Background Note 295-053, October 1994.
- May 2005 (Revised December 2005)
- Case
Nexgen: Structuring Collateralized Debt Obligations (CDOs)
A client asks Luc Giraud, CEO of the structured finance solutions provider Nexgen Financial Solutions, to put together a solution that allows the client to add AAA-rated bonds to its portfolio. The client cannot find suitably priced top-rated bonds in the market and...
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Keywords:
Credit Derivatives and Swaps;
Risk and Uncertainty;
Debt Securities;
Bonds;
Financial Services Industry
Chacko, George C., Peter A. Hecht, Marti Subrahmanyam, Vincent Dessain, and Anders Sjoman. "Nexgen: Structuring Collateralized Debt Obligations (CDOs)." Harvard Business School Case 205-121, May 2005. (Revised December 2005.)
- 08 Aug 2018
- Sharpening Your Skills
Parmigiano-Reggiano, Jane Austen, and Other Things You Didn't Know About Finance
Sapphire Made Credit Cool for Millennials The Chase Sapphire Reserve card was one of the hottest product launches in 2016. But what would be JP Morgan's next act be? State Street’s SHE: Investing in Women Leaders Index funds are the major...
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- 30 Aug 2016
- First Look
August 30, 2016
endogenous two-way feedback between credit market sentiment and credit market outcomes. This feedback arises because investors’ beliefs depend on past defaults, but beliefs also drive future View Details
Keywords:
Carmen Nobel
- January 1983 (Revised February 1988)
- Case
Hospital Corp. of America (B)
By: W. Carl Kester
Focuses on HCAs financing options for reaching its target capital structure. The options include new equity conversion of convertible debentures, a debt-for-equity swap, the sale of assets, and fixed-rate debt. Students must address the problem of market timing and...
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Keywords:
Assets;
Capital Structure;
Cash Flow;
Equity;
Debt Securities;
Credit Derivatives and Swaps;
Health Industry;
United States
Kester, W. Carl. "Hospital Corp. of America (B)." Harvard Business School Case 283-054, January 1983. (Revised February 1988.)
- June 1995
- Case
Banc One Corporation (A)
As Banc One's use of derivatives had proliferated, investors and analysts had expressed increasing concern about the size of derivative portfolios, the potential sensitivity of their value to interest rate swings, and the lack of standardized reporting on their use....
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Keywords:
Credit Derivatives and Swaps;
Investment Banking;
Financial Reporting;
Annual Reports;
Banking Industry
Barth, Mary E., and Dale Coxe. "Banc One Corporation (A)." Harvard Business School Case 195-207, June 1995.
- October 2008
- Teaching Note
Samoa Tala (TN)
By: Joshua D. Coval, Bhagwan Chowdhry and Konark Saxena
Teaching Note for [209053].
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- November 1992 (Revised December 1994)
- Case
BEA Associates: Enhanced Equity Index Funds
By: Andre F. Perold
BEA's enhanced index fund product uses derivatives and cash market securities to find the most efficient way to "track an index." The considerations involve transaction costs, custodial fees, withholding taxes on dividends, and fees from securities lending. In this...
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Keywords:
Credit Derivatives and Swaps;
Investment Portfolio;
Management;
Investment Banking;
Competitive Advantage;
Cost Management
Perold, Andre F. "BEA Associates: Enhanced Equity Index Funds." Harvard Business School Case 293-024, November 1992. (Revised December 1994.)
- August 1985 (Revised July 1991)
- Case
Universal Circuits, Inc.
By: Thomas R. Piper
The manager of international finance of a major U.S. electronics company is concerned about the exposure of the firm to changes in exchange rates. Of particular concern is the exposure of operations to changes in real exchange rates. The teaching objectives include: 1)...
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Keywords:
Credit Derivatives and Swaps;
International Finance;
Currency Exchange Rate;
Business Plan;
Risk and Uncertainty;
Financial Management;
Financial Strategy;
Electronics Industry;
United States
Piper, Thomas R. "Universal Circuits, Inc." Harvard Business School Case 286-006, August 1985. (Revised July 1991.)
- September 2002 (Revised October 2002)
- Case
Corporate Inversions: Stanley Works and the Lure of Tax Havens
By: Mihir A. Desai, James R. Hines, Jr and Mark Veblen
In response to Stanley Work's announcement that it is moving to Bermuda--and the associated jump in market value--a major competitor sets out to determine how the market is valuing the consequences of moving to a tax haven and whether his company should invert to a tax...
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Keywords:
Financial Management;
Taxation;
Financial Strategy;
Credit Derivatives and Swaps;
International Finance;
Valuation;
Financial Markets;
Financial Statements;
United States
Desai, Mihir A., James R. Hines, Jr, and Mark Veblen. "Corporate Inversions: Stanley Works and the Lure of Tax Havens." Harvard Business School Case 203-008, September 2002. (Revised October 2002.)
- December 2001
- Case
Natural Pork Production
By: Ray A. Goldberg and James M Beagle
An entrepreneurial hog farmer's creative use of contracts and capital structure drives very successful growth and returns in a depressed commodity industry.
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- May 2005 (Revised January 2006)
- Case
Ticonderoga: Inverse Floating Rate Bond
Presents a simple interest hedging exercise. A hedge fund is considering an investment in a structured fixed--income product: an inverse floating-rate bond, or inverse floater, designed by a U.S. investment bank. The hedge fund's normal policy is to hedge interest rate...
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Keywords:
Risk and Uncertainty;
Credit Derivatives and Swaps;
Bonds;
Investment Funds;
Interest Rates
Chacko, George C., and Anders Sjoman. "Ticonderoga: Inverse Floating Rate Bond." Harvard Business School Case 205-113, May 2005. (Revised January 2006.)
- 26 Jun 2018
- First Look
New Research and Ideas, June 26, 2018
https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=54634 forthcoming Journal of Finance Limited Investment Capital and Credit Spreads By: Siriwardane, Emil N. Abstract—Using proprietary credit View Details
Keywords:
Dina Gerdeman