Filter Results
:
(105)
Show Results For
- All HBS Web (105)
- Faculty Publications (35)
Show Results For
- All HBS Web (105)
- Faculty Publications (35)
- 07 May 2021
- News
From Dutch Tulips to Internet Stocks, How to Spot a Financial Bubble
- December 1991
- Article
Intrinsic Bubbles: The Case of Stock Prices
By: Kenneth A. Froot and M. Obstfeld
Keywords:
Rational Expectations;
Equities;
Fundamentals;
Behavioral Finance;
Price Bubble;
Stocks;
Information;
Asset Pricing
Froot, Kenneth A., and M. Obstfeld. "Intrinsic Bubbles: The Case of Stock Prices." American Economic Review 81, no. 5 (December 1991): 1189–1214. (Revised from NBER Working Paper No. 3091, March 1992. Reprinted in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham: Edward Elgar Publishing, 2001.)
- Awards
Fama-DFA Prize for the Best Paper Published in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing
By: Robin Greenwood
Winner of the 2019 Fama-DFA Second Place Prize for the Best Paper Published in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing for " Bubbles for Fama" with Andrei Shleifer and Yang You (January 2019).
View Details
- March 2012 (Revised October 2012)
- Case
Hayman Capital Management
By: Robin Greenwood, Julie Messina and Jared Dourdeville
In late December 2011, Hayman Capital founder and portfolio manager Kyle Bass was reviewing Japanese government budget projections for 2012. The projections appeared contrary to Hayman Capital's views on Japan, where the fund had built a bearish position. Japan had the...
View Details
Keywords:
Investment Management;
Speculative Bubbles;
Japan;
Government Policy;
Financial Management;
Price Bubble;
Credit;
Financial Strategy;
Behavioral Finance;
Government and Politics;
Macroeconomics;
Financial Services Industry;
Japan
Greenwood, Robin, Julie Messina, and Jared Dourdeville. "Hayman Capital Management." Harvard Business School Case 212-091, March 2012. (Revised October 2012.)
- November 2016 (Revised February 2017)
- Case
Square, Inc. IPO
By: Ramana Nanda, Robert White and Lauren G. Pickle
In November 2015, Square, Inc. launched its initial public offering (IPO). The IPO had an offering price of $9 per share, lower than the $11 to $13 estimate that had been outlined in the preliminary prospectus and 42% below the $15.50 share price in its most recent...
View Details
Keywords:
Business Finance;
Initial Public Offering;
Equity;
Capital Markets;
Public Equity;
Stocks;
Venture Capital;
Financial Services Industry;
United States
Nanda, Ramana, Robert White, and Lauren G. Pickle. "Square, Inc. IPO." Harvard Business School Case 817-054, November 2016. (Revised February 2017.)
- 03 Jul 2008
- News
A Better Solution for China
- 09 Jan 2006
- Research & Ideas
Rebuilding Commercial Real Estate
generating fewer new jobs than in previous recoveries, no one sees much chance of a speculative building bubble for office space. "New construction just hasn't gone crazy like it did in the '80s," says Fidelity's Sandwen....
View Details
Robin Greenwood
Robin is the George Gund Professor of Finance and Banking at Harvard Business School. He serves as the Senior Associate Dean for Faculty Development and Research. He is past faculty director of the Behavioral Finance and Financial Stability project, chair of... View Details
- 27 Sep 2017
- News
Will a Corporate Tax Holiday Give Workers Anything to Cheer?
- January 2002 (Revised October 2007)
- Case
Grantham, Mayo, Van Otterloo & Co., 2001
By: Joshua Musher and Andre F. Perold
Asset manager GMO underperforms the market during the 1996-2000 stock market bubble because of the focus on absolute risk. After suffering significant client withdrawals, performance again shines when the bubble collapses. Did they win the battle only to lose the war?...
View Details
Keywords:
Customers;
Asset Management;
Stocks;
Investment;
Price Bubble;
Mathematical Methods;
Risk and Uncertainty
Musher, Joshua, and Andre F. Perold. "Grantham, Mayo, Van Otterloo & Co., 2001." Harvard Business School Case 202-049, January 2002. (Revised October 2007.)
- January 2003 (Revised September 2007)
- Background Note
A Note on Racing to Acquire Customers
Examines factors that motivate a firm's race to acquire customers in newly emerging markets and explores conditions under which racing strategies are likely to yield attractive returns. Provides a definition of racing behavior, introduces the notion of an optimal level...
View Details
Keywords:
Customers;
Price Bubble;
Network Effects;
Emerging Markets;
Market Entry and Exit;
Behavior;
Competition
Eisenmann, Thomas R. "A Note on Racing to Acquire Customers." Harvard Business School Background Note 803-103, January 2003. (Revised September 2007.)
- 20 Jun 2017
- First Look
First Look at New Research and Ideas, June 20
“waver” over time in the relative weight they put on them. The model predicts that good news about fundamentals can trigger large price bubbles. We analyze the patterns of cash-flow news that generate the largest bubbles, the reasons why...
View Details
Keywords:
Sean Silverthorne
- July 2002 (Revised October 2002)
- Case
Bradley Marquez: Reduction in Force (A)
By: Thomas J. DeLong and Vineeta Vijayaraghavan
The Bradley Marquez advertising agency had created a successful niche delivering ethnic markets to their clients, corporate giants like Compaq, Sprint, Texaco, and British Airways. The company was operating in aggressive growth mode when, in 2000, the stock market...
View Details
Keywords:
Economic Slowdown and Stagnation;
Financial Crisis;
Price Bubble;
Human Resources;
Employees;
Job Cuts and Outsourcing;
Advertising Industry
DeLong, Thomas J., and Vineeta Vijayaraghavan. "Bradley Marquez: Reduction in Force (A)." Harvard Business School Case 403-005, July 2002. (Revised October 2002.)
- 06 Nov 2008
- Op-Ed
Selling Out The American Dream
leveraging of assets, on irresponsible banks and mortgage brokers who fabricated applications for no downpayment home loans knowing that the risks could be readily laid off on unsuspecting third parties. But underpinning the collapse of the housing View Details
Keywords:
by John Quelch
- May 2011
- Background Note
Scale Effects, Network Effects, and Investment Strategy
By: Willy Shih
This technical note discusses scale economies, and direct and indirect network effects in the context of building better business models. Some of the great business disasters of the dot.com bubble were companies that scaled their infrastructure without working through...
View Details
Keywords:
Business Model;
Investment;
Price;
Crisis Management;
Network Effects;
Multi-Sided Platforms;
Strategy
Shih, Willy. "Scale Effects, Network Effects, and Investment Strategy." Harvard Business School Background Note 611-082, May 2011.
- January 2008 (Revised January 2010)
- Case
iBasis, Inc.
By: Andrew Wasynczuk, Katherine Dowd and Nicole Kravec
iBasis examines the development of a long-term relationship between equipment manufacturer Cisco and start-up iBasis, a voice-over-internet wholesaler. Questions arise for iBasis founders as to how best to build a beneficial relationship with the much larger partner....
View Details
Keywords:
Information Technology;
Intellectual Property;
Value Creation;
Equality and Inequality;
Partners and Partnerships;
Business Growth and Maturation;
Price Bubble;
Trust;
Business Startups;
Manufacturing Industry;
Communications Industry;
Web Services Industry
Wasynczuk, Andrew, Katherine Dowd, and Nicole Kravec. "iBasis, Inc." Harvard Business School Case 908-014, January 2008. (Revised January 2010.)
- 22 Feb 2022
- Research & Ideas
When Will the Hot Housing Market Finally Start to Cool?
sparked by urbanites fleeing the pandemic, but most of them have returned to their original cities and yet housing prices are still climbing across the country. What’s going on? Are we in another housing View Details
Keywords:
by Christine Pazzanese, Harvard Gazette
- July 1989 (Revised May 2004)
- Case
Colonial Homes
By: David E. Bell
Colonial Homes supplies a complete raw materials package to build entire homes. The price of the package is guaranteed at the signing of the sales contract, while delivery (and payment) are not effected for up to six months. In an effort to reduce its exposure to...
View Details
Keywords:
Customer Value and Value Chain;
Contracts;
Price;
Price Bubble;
Fluctuation;
Monopoly;
Problems and Challenges;
Sales;
Accommodations Industry;
Real Estate Industry
Bell, David E. "Colonial Homes." Harvard Business School Case 190-008, July 1989. (Revised May 2004.)
- 2023
- Working Paper
Rule by Market: The Chinese State in Factor Markets
By: Meg Rithmire
Political economy on China and beyond generally has been premised on a trade-off between state and market power. In the context of China’s reforms, markets and market mechanisms were hypothesized to replace state power in allocating important economic resources. Yet,...
View Details
Rithmire, Meg. "Rule by Market: The Chinese State in Factor Markets." Harvard Business School Working Paper, No. 23-040, March 2023.
- July 2010 (Revised August 2021)
- Supplement
Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. (VHSS): Valuing Ships (CW)
By: Benjamin C. Esty and Albert W. Sheen
After booming for more than five years, the global shipping (maritime) industry experienced a dramatic crash in late 2008 as the global financial system froze and the global economy slid into recession. Ship charter rates (revenue) fell by as much as 90% causing prices...
View Details