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- All HBS Web (277)
- Faculty Publications (64)
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- 09 Nov 2010
- First Look
First Look: November 9, 2010
PublicationsDid Increased Competition Affect Credit Ratings? Authors:Bo Becker and Todd Milbourn Publication:Journal of Financial Economics (forthcoming) Abstract The credit rating industry has historically been dominated by just two...
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Sean Silverthorne
- 30 Jun 2008
- Research & Ideas
Rethinking Retirement Planning
claim." When the global stock market and interest rates began to decline in 2000, many corporations faced a double whammy when returns on pension assets were well below expectations and pension liabilities rose by much more than...
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- 12 Oct 1999
- Research & Ideas
Confronting the Challenges that Face Bricks-and-Mortar Stores
higher overall ratings than the "branch-wed" non-ATM customers did. However, the reverse was true when videoconferencing was added. It appeared that heavy ATM users actually disliked interacting with humans! Lesson 5: Build...
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- 19 Oct 2010
- First Look
First Look: October 19, 2010
flows equal the forecasted cash flows plus an omitted downside. When the omitted downside is temporary, the adjustment is to deflate the forecasts and to set the discount rate equal to the cost of capital....
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Sean Silverthorne
- 17 Mar 2009
- First Look
First Look: March 17, 2009
risk-minimizing currency strategy for a global bond investor is close to a full currency hedge, with a modest long position in the U.S. dollar. There is little evidence that risk-minimizing investors should adjust their currency positions...
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Martha Lagace
- 10 Apr 2012
- First Look
First Look: April 10
absent from the largest retail markets. Moreover, every retailer that has ventured overseas has failed as often as it has succeeded. On average, the extent of internationalization doesn't have a significant effect on either retailers' revenue growth View Details
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Carmen Nobel
- 07 Dec 2010
- First Look
First Look: Dec. 7
decision rights and (2) adjust for local information, including historical performance data, in their decisions. These decision-making patterns are associated with large and systematic differences in learning View Details
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Sean Silverthorne
- 01 Aug 2017
- First Look
First Look at New Research and Ideas, August 1
outpaced the growth of the economy, and this disconnect increases as the difference between the corporate income tax rate of the U.S. and the other OECD countries increases. The underlying mechanism is fewer corporate profits being...
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Sean Silverthorne
- 15 Jun 2010
- First Look
First Look: June 15
we find significant price differences between institutional investors' tranches and banks' tranches on the same loans, even though they share the same underlying fundamentals. Increasing demand pressure causes the interest rate on...
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Martha Lagace
- 02 Sep 2015
- Research & Ideas
Explaining China's Crash
mid-August, the biggest currency adjustment in two decades. But continued trading volatility climaxed on Aug. 23 in what many have called China’s “Black Monday.” Shanghai stocks dropped by 8.5 percent overnight, their steepest single-day...
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- 15 Oct 2013
- First Look
First Look: October 15
economic reasons. The conventional wisdom is that politically motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that projects that...
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Sean Silverthorne
- 07 Aug 2000
- Research & Ideas
Rocket Science Retailing
sales data. Early product sales, appropriately adjusted for variations in price and availability, are an excellent predictor of overall sales (see the exhibit "No Need for a Crystal Ball"). In fact, retailers that exploit these...
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- 05 Jul 2011
- First Look
First Look: July 5
Business School Case 111-059 Argentine government claims inflation rate is 8%, but others claim it is double that rate. Analyst attempts to adjust the company's financial statements for inflation. Purchase...
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Sean Silverthorne
- 22 Sep 2020
- Research & Ideas
Recessions Push Some Entrepreneurs to Launch Too Soon
entrepreneus. Sean Silverthorne: First off, can you summarize your previous research findings? Maria Roche: Our first finding is that an increase in the unemployment rate is associated with a substantial rise in the share of entrepreneurs...
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by Sean Silverthorne
- 27 Apr 2009
- Research & Ideas
Building Businesses in Turbulent Times
decade, money from around the world has poured into the United States. Despite massive investments, when adjusted for inflation, U.S. GDP grew slowly, with much of the growth from professional and business services—including real estate,...
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by Staff
- 31 Oct 2017
- First Look
New Research and Ideas, October 31, 2017
after misconduct. The labor market partially undoes firm-level discipline by rehiring such advisers. Firms that hire these advisers also have higher rates of prior misconduct themselves, suggesting "matching on misconduct." These firms...
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by Sean Silverthorne
- 23 Mar 2010
- First Look
First Look: March 23
evidence that borrowers, and particularly young borrowers, were less credit-constrained in markets where banks enjoyed more market power. Interest rates on consumer borrowing decreased more sharply with age in competitive markets than in...
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Martha Lagace
- 19 Jun 2007
- First Look
First Look: June 19, 2007
countries between 1985 and 2000, we find that the growth effects of FDI increase when we account for the quality of FDI. Download the paper: http://www.hbs.edu/research/pdf/07-072.pdf How Well Do Social Ratings Actually Measure Corporate...
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Martha Lagace
- 29 May 2020
- Op-Ed
How Leaders Are Fighting Food Insecurity on Three Continents
financially and operationally ready to support our communities.” United States With jobless rates at Depression-era levels, hunger is a serious issue for many Americans. Feeding America, a nationwide non-profit network of more than 200...
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- 12 Dec 2012
- Research & Ideas
Book Excerpt: Strength in Numbers
Gerald Marwell and Ruth Ames. In their 1979 study, groups of high school students were given funds to invest. Participants could opt to invest individually, at a relatively low rate of return, or to add some or all of their funds to a...
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Re: Gunnar Trumbull