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- Faculty Publications (35)
Show Results For
- All HBS Web (103)
- Faculty Publications (35)
- 08 Jul 2008
- First Look
First Look: July 8, 2008
http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=208088 Collateralized Debt Obligations (CDOs) Harvard Business School Note 208-113 This lesson integrated Merton's (1974) contingent claims model of debt and equity claims...
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Martha Lagace
- 31 Aug 2009
- Research & Ideas
Why Competition May Not Improve Credit Rating Agencies
In the run-up to the global financial crisis, credit rating agencies gave high marks to such risky financial vehicles as collateralized debt obligations, which few people understood. It has been argued that these ratings misled investors...
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- 09 Mar 2010
- First Look
First Look: March 9
for sovereign debts are minimal since little can be used as collateral and the ability of a court to force a sovereign entity to comply has been extremely limited, especially given the lack of a supranational legal authority capable of...
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Martha Lagace
- 09 Apr 2014
- Research & Ideas
A Playbook for Small-Business Job Creation
real estate) used for collateral of would-be small business borrowers," Mills says. "The bankers say they can't find creditworthy borrowers and the borrowers talk about having to go to bank after bank before they find one that...
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- 20 Jan 2009
- Research & Ideas
Risky Business with Structured Finance
In the wake of the financial crisis, many once-esoteric investment terms have become a familiar part of our vocabulary. The role of structured finance securities such as collateralized debt obligations (CDOs), for example, and the part...
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- 01 Dec 2006
- News
Inside Intel
and the collateral sales that business generated was at stake. Now the message did indeed get through to the West Coast, and “the executive staff meeting the following Tuesday couldn’t have been more unpleasant.” Davidow “either...
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- 21 Oct 2014
- First Look
First Look: October 21
had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that typically confound analyses of the collateral channel. We find that...
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Sean Silverthorne
- 08 Nov 2016
- First Look
November 8, 2016
reached a scale of approximately $150 million of funds in use for receivable purchases, the co-founders planned to tap into the securitization market for capital by issuing asset-backed securities (ABS), collateralized by a pool of...
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Sean Silverthorne
- 22 Jul 2014
- First Look
First Look: July 22
collateral and liquidate it at the first sign of trouble. Thus traditional banks have a stable source of funding, while shadow banks are subject to runs and fire-sale losses. These different funding models in turn influence the kinds of...
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Sean Silverthorne
- 01 Mar 2007
- News
The Plight of the Global Poor
Indeed, the 2006 Nobel Peace Prize was awarded to Muhammad Yunus and the microcredit Grameen Bank he founded in Bangladesh more than two decades ago. With interest rates ranging from zero to 20 percent, Grameen’s average loan (no View Details
- 28 Apr 2009
- First Look
First Look: April 28, 2009
underlying collateral portfolio in the event of liquidation, as well as assessing the likelihood of different outcomes. The case takes place during a period of considerable uncertainty in the global capital markets. Purchase this case:...
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Martha Lagace
- 01 Dec 2004
- News
Retirement's Changing Face
caused by hidden munitions on board, may have been the reason why the passenger ship sank in a deadly eighteen minutes, causing 1,198 deaths. As odd as it may sound, he also happens to hold title to the wreck, having purchased it for $1 after it was used as View Details
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Personal Services
- 21 Apr 2015
- First Look
First Look: April 21
Banking on Cheese Credem, an Italian regional bank, grants loans to Parmigiano Reggiano producers and holds the cheese as collateral in its own warehouse during the maturation process, essentially replacing part of the operations for the...
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Carmen Nobel & Sean Silverthorne
- 01 Mar 2009
- News
Buddy, Can You Spare a Trillion
right across the Western financial system. Not many people understood that defaults on subprime mortgages would destroy the value of exotic new asset-backed instruments like collateralized debt obligations. Not many people saw that, as...
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- 15 Aug 2017
- First Look
First Look at New Research and Ideas, August 15, 2017
"reasonableness" review. Second, Delaware courts should apply basic game theory to identify the deterrent effect of match rights and new economy asset lockups. And third, Delaware courts should take a functional approach to deal protection, meaning that View Details
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Sean Silverthorne
- 28 Sep 2010
- First Look
First Look: September 28, 2010
paper: http://www.hbs.edu/research/pdf/11-029.pdf Crashes, Collateral, and the Financing of Securities Authors:Jakub W. Jurek and Erik Stafford Abstract This paper develops a parsimonious static model for characterizing financing terms in View Details
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Sean Silverthorne
- 17 Apr 2012
- First Look
First Look: April 17
intuition for the basic economic forces in this decentralized market through a series of examples that sequentially build on each other layering on the particular fees and collateral requirements commonly levied in short-selling...
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Carmen Nobel
- 03 Mar 2009
- First Look
First Look: March 3, 2009
against these collateral pools. As a result of the prioritization scheme used in structuring claims, many of the manufactured tranches are far safer than the average asset in the underlying pool. This ability of structured finance to...
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Martha Lagace
- 01 Dec 2008
- News
Business at the Summit
deployment of all sorts of derivatives and collateralized debt. However, a crucial difference is that in the natural world, events that disrupt evolution are random. The asteroid that hit the earth and caused the extinction of the...
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- 01 Dec 2012
- News
From Where We Stand
to great positive effect—but often to great collateral damage to corporate cultures, communities, and industries. Lisa Spinali (MBA 1990), FORMER President, San Francisco Education Fund, San Francisco, California Today's leaders need to:...
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