On the Global Economic Crisis

Laura Alfaro Read Bio

Associate Professor of Business Administration

Expertise: Capital markets, economics, foreign direct investment, globalization, international finance

• U.S. Subprime Mortgage Crisis: Policy Reactions (A)
• U.S. Subprime Mortgage Crisis: Policy Reactions (B)
• Korea: After the 1997 Financial Crisis
• Kinyuseisaku: Monetary Policy in Japan
• Kinyuseisaku: Monetary Policy in Japan (B)
• Chronology of the Asian Financial Crisis (revision)
• The First Global Financial Crisis of the 21st Century

Lynda M. Applegate Read Bio

Martin Marshall Professor of Business Administration

Expertise: Electronic markets, entrepreneurship, information technology, network organizations, venture creation/development

• Building Businesses in Turbulent Times
• Alacra, Inc.
• Building Businesses in Turbulent Times
• Don't Just Survive-Thrive: Leading Innovation in Good Times and Bad.

Carliss Y. Baldwin Read Bio

William L. White Professor of Business Administration

Expertise: Design evolution, modularity, real options, technological innovation

• The Flawed Architecture of the Financial System (.pdf)

Daniel B. Bergstresser Read Bio

Assistant Professor of Business Administration

Expertise: Corporate finance,  corporate governance,  credit risk,  investment management,  taxation

• The Tip of the Iceberg: JP Morgan Chase and Bear Stearns
• Washington Mutual's Covered Bonds

Bhaskar Chakravorti Read Bio

Senior Lecturer of Business Administration

Expertise: Corporate venturing, entrepreneurship, game theory, innovation, networks

• How to Innovate in a Downturn

Clayton M. Christensen Read Bio

Robert and Jane Cizik Professor of Business Administration

Expertise: Disruptive technology, emerging markets, innovation, strategy, technological change

• How Hard Times Can Drive Innovation

• The Past and Future of General Motors

Diego A. Comin Read Bio

Associate Professor of Business Administration

Expertise: Economic development, economic institutions, innovation, macroeconomics, technological change

• When Does Domestic Saving Matter for Economic Growth?
• Spain: Can the House Resist the Storm?

Joshua Coval Read Bio

Robert G. Kirby Professor of Business Administration

Expertise: Behavioral finance, capital markets, financial intermediaries, financial management, investment management

• The Economics of Structured Finance (.pdf)
• Economic Catastrophe Bonds
• Financial Reporting, Financial Markets, and the Subprime Crisis

Mihir Desai Read Bio

Mizuho Financial Group Professor of Finance

Expertise: Corporate finance, foreign direct investment, international business, international finance, taxation

• Securing Jobs or the New Protectionism?: Taxing the Overseas Activities of Multinational Firms.

Rafael Di Tella Read Bio

Joseph C. Wilson Professor of Business Administration

Expertise: Corruption, crime, happiness, political economy, Welfare State

• U.S. Current Account Deficit
• Korea: After the 1997 Financial Crisis
• Kinyuseisaku: Monetary Policy in Japan
• Financial Crisis in Asia: 1997-1998 (Abridged)
• Chronology of the Asian Financial Crisis (revision)
• Anger and Regulation

Niall Ferguson Read Bio

William Ziegler Professor of Business Administration

Expertise: Business history, capital markets, economics, globalization, government and business

• Team 'Chimerica'
• The End of Prosperity?
• A Long Shadow
• Giving the Crisis Perspective
• Keynes Can't Help Us Now
• Lessons From History
• Wall Street's New Gilded Age
• A Runaway Deficit May Soon Test Obama's Luck
• The Descent of Finance
• Diminished Returns

Fabrizio Ferri Read Bio

Assistant Professor

Expertise: Boards of directors, compensation, corporate governance, equity-based pay, managerial incentives

• Executive Pay and the Credit Crisis of 2008

C. Fritz Foley Read Bio

Associate Professor

Expertise: Corporate finance, foreign direct investment

• Finansbank 2006
• Nomura's Global Growth: Picking Up Pieces of Lehman

Kenneth A. Froot Read Bio

André R. Jakurski Professor of Business Administration

Expertise: Asset pricing, behavioral finance, global, insurance and reinsurance, risk management

William E. Fruhan Read Bio

Baker Foundation Professor

Expertise: Competitive advantage, corporate strategy, financial strategy, mergers and acquisitions, value creation

• Note: The Hedge Fund Industry
• State Street Corporation

William W. George Read Bio

Professor of Management Practice

Expertise: Leadership, leadership development

• Since Enron, Little Has Changed
• How Corporate America Can Help Obama
• Seven Lessons for Leading in Crisis
• Letting Ed Liddy Twist in the Wind
• Why Obama and Geithner Should Find a Bank Czar
• Five Questions for Bill George
• Let's Stop Vilifying the Bankers
• Seven Lessons for Navigating the Storm
• As a Storm Approached, a Few Bankers Acted Wisely
• How GM Wasted 'a Good Crisis'

Paul A. Gompers Read Bio

Eugene Holman Professor of Business Administration
Director of Research

Expertise: Behavioral finance, corporate governance, entrepreneurial finance, private equity, venture capital

• What Harvard Says About Israeli VC

Robin Greenwood Read Bio

Associate Professor of Business Administration

Expertise: Asset pricing, behavioral finance, capital structure, corporate finance, market efficiency

• Washington Mutual's Covered Bonds
• Citigroup's Exchange Offer (A)

Boris Groysberg Read Bio

Associate Professor of Business Administration

Expertise: Investment banking, organizational behavior, organizational strategy, professional service firms, strategic human resources management

• Barbara Norris: Leading Change in the General Surgery Unit
• The Definitive Guide to Recruiting in Good Times and Bad

Ranjay Gulati Read Bio

Jaime and Josefina Chua Tiampo Professor of Business Administration

Expertise: Economic sociology,  entrepreneurship,  networks,  organizational change and transformation,  strategic change

• Czar Power
• Tasting the fruits of effective innovation

Paul M. Healy Read Bio

James R. Williston Professor of Business Administration, Unit Head, Accounting and Management

Expertise: Corporate governance, financial intermediaries, financial reporting

• Financial Reporting, Financial Markets, and the Subprime Crisis

• Harvard Business School Evaluates Past Performance

Robert F. Higgins Read Bio

Senior Lecturer of Business Administration

Expertise: Entrepreneurial finance, entrepreneurial management, health care quality, social enterprise, social entrepreneurship

• Q&A With Venture-Capital Vet Bob Higgins

Victoria Ivashina Read Bio

Assistant Professor, Berol Corporation Fellow

Expertise: Bank debt, corporate finance, credit products, financial intermediaries

• Bank Lending During the Financial Crisis of 2008
• Institutional Demand Pressure and the Cost of Leveraged Loans
• Rosetree Mortgage Opportunity Fund

Rob Kaplan Read Bio

Professor of Management Practice

Expertise: Investment banking, capital markers, shareholder value

• Harvard University Financial Crisis Panel Discussion
  *Requires RealPlayer
• Ex-Goldman Sachs Partner Kaplan Expects Populist Rage to Swell
• Disclose the Fair Value of Complex Securities

Rosabeth Moss Kanter Read Bio

Ernest L. Arbuckle Professor of Business Administration

Expertise: General management, innovation, leadership, organizational change and transformation, strategic change

• Expert: Auto Rescue Plans Lack Credibility
• Surviving the Recession With Rosabeth Moss Kanter
• Companies Making Profit Through Greed Hurt All
• President Obama: Please Create a Financial Truth & Reconciliation Commission
• Why Rick Wagoner Had to Go
• Why I Don't Want to Own General Motors
• In a Recession, Put Everyone in Marketing

W. Carl Kester Read Bio

Mizuho Financial Group Professor of Finance, Deputy Dean for Academic Affairs

Expertise: HBS Academic programs

• HBS responds to Crisis

• Harvard Business School Evaluates Past Performance

Rakesh Khurana Read Bio

Marvin Bower Professor of Leadership Development

Expertise: Boards of directors,  corporate governance,  leadership,  market institutions,  organizational behavior

• You Can Cap The Pay, But The Greed Will Go On
• Management must become a profession
• President Obama: Please Create a Financial Truth & Reconciliation Commission
• Over the Top: What's Wrong with Executive Pay?
• MBAs Gone Wild

Nancy F. Koehn Read Bio

James E. Robison Professor of Business Administration

Expertise: Brands and branding, business history, entrepreneurship, innovation, leadership

• The Time is Right for Creative Capitalism
• How Companies Survived Earlier Economic Storms
• Lehman in Context: A Historical Perspective
• MBAs Gone Wild (subscription required)
• HBS Faculty Comment on General Motors

Jay Light Read Bio

George F. Baker Professor of Administration, Dean of the Faculty

Expertise: Financial system, investment management, venture capital

• The Leadership Imperative
• Turmoil on the Street Discussion Panel
• Change is in the Offing
• Sitting Down With Jay Light

Jay W. Lorsch Read Bio

Louis E. Kirstein Professor of Human Relations

Expertise: Boards of directors, compensation, corporate governance, leadership, organizational behavior

• Schumer's Shareholder Bill Misses the Mark
• HBS Study Goes Inside the Boardroom
• Over the Top: What's Wrong with Executive Pay?

Deepak Malhotra Read Bio

Associate Professor of Business Administration

Expertise: Auctions,  conflict management,  contracts,  negotiation,  trust

• Auto CEOs Aren't Making Their Case

Joshua D. Margolis Read Bio

Associate Professor of Business Administration

Expertise: Ethics, leadership, organizational behavior, tradeoffs

• Conducting Layoffs: 'Necessary Evils' at Work

Thomas K. McCraw Read Bio

Isidor Straus Professor of Business History, Emeritus

Expertise: Business history, economic institutions, entrepreneurship, political economy

• Regulate, Baby, Regulate

David Moss Read Bio

John G. McLean Professor of Business Administration

Expertise: Risk management, business and politics, financial history

• Turmoil on the Street Discussion Panel
• When All Else Fails: Government as the Ultimate Risk Manager
• A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know
• An Ounce of Prevention: The Power of Public Risk Management in Stabilizing the Financial System
• Podcast: Preventing Future Financial Failures
• A Genuinely Stunning Graph for Your Consideration
• An Ounce of Prevention: Financial Regulation, Moral Hazard, and the End of 'Too Big to Fail'
• Too Big to Fail
• New Perspectives on Regulation

Aldo Musacchio Read Bio

Assistant Professor

Expertise: Corporate governance, economic institutions, political economy, privatization

• Iceland (A) and (B)

V.G. Narayanan Read Bio

Thomas D. Casserly, Jr. Professor of Business Administration

Expertise: Balanced scorecard, boards of directors, customer profitability analysis, incentives, inter-organizational control

• Executive Pay and the Credit Crisis of 2008
• Transworld Auto Parts (A)

Nitin Nohria Read Bio

Richard P. Chapman Professor of Business Administration

Expertise: Business transformation, general management, globalization,  leadership, motivation

• Management must become a profession
• Tasting the fruits of effective innovation
• Barbara Norris: Leading Change in the General Surgery Unit
• The Definitive Guide to Recruiting in Good Times and Bad

Krishna G. Palepu Read Bio

Ross Graham Walker Professor of Business Administration, Senior Associate Dean for International Development

Expertise: Corporate governance, international business, strategy, valuation

• New Century Financial Corporation
• Target Corporation: Ackman versus the Board

Andre Perold Read Bio

George Gund Professor of Finance and Banking

Expertise: Capital markets, financial innovation, financial intermediaries, investment management

• Leveraged Loans 2007
• Rosetree Mortgage Opportunity Fund

Michael Porter Read Bio

Bishop William Lawrence University Professor

Expertise: competition, competitive advantage, competitive strategy, corporate strategy, economic development, strategy

• Stimulus for Skeptics
• Why America Needs an Economic Strategy
• The Future of Market Capitalism
• America's Needed Economic Strategy
• Obama Stimulus Package Questioned
• Spending to Keep America Great
• Profit-based Growth Wiser than Increasing Size of Companies
• Business Looks in Mirror and Winces
• Mid-level Jobs Key to Recovery

Robert Pozen Read Bio

Senior Lecturer of Business Administration

Expertise: Corporate governance, financial institutions, financial reporting, investment management

• There's a Better Way to Prevent 'Bear Raids'
• Foundations To Be Laid Before Bridging Gap
• Washington Responses to the Financial Crisis.
• How to Revive Securitization Markets
• U.S. Senate Hearing - Where Were the Watchdogs? Systemic Risk and the Breakdown of Financial Governance: Robert Pozen Testimony
• The Meltdown of the Nation's Financial System
• Is It Fair to Blame Fair Value Accounting for the Financial Crisis?
• Stop Pining for Glass-Steagall
• Chatter About a New Global Currency is Overblown
• Systemic Risk and the Fed

John A. Quelch Read Bio

Senior Associate Dean and Lincoln Filene Professor of Business Administration

Expertise: Brands and branding, globalization, international marketing, marketing, social enterprise

• Redefining the American Dream
• How Recession Will Accelerate Consumer Downsizing
• Marketing Your Way Through a Crisis
• Rebuilding America - Now
• How General Motors Violated Your Trust
• Keeping an Eye on Consumer Behavior
• Why CMOs Are Gaining Ground in the Recession
• How to Market in a Downturn
• How Cash For Clunkers Failed American Taxpayers
• Improving Market Research in a Recession

Nicolas P. Retsinas Read Bio

Lecturer of Business Administration

Expertise: Housing policy, community development, real estate

• Turmoil on the Street Discussion Panel
• Building Sandcastles: The Subprime Adventure
• Revisiting Rental Housing
• Borrowing to Live
• Credit is Not the Bogey
• Borrowing to Live
• Echo Boomers a Lifeline for Embattled U.S. Housing

Clayton Rose Read Bio

Senior Lecturer of Business Administration

Expertise: Global capital and securities markets, financial institution management, corporate governance

• Turmoil on the Street Discussion
• The Tip of the Iceberg: JP Morgan Chase and Bear Stearns
• Before the Fall: Lehman Brothers 2008
• What Happened at Citigroup?
• Note on Capital in the U.S. Financial Industry
• Going to the Oracle: Goldman Sachs

Julio J. RotembergRead Bio

William Ziegler Professor of Business Administration

Expertise: Government and business, macroeconomics, organizational behavior, power and influence, pricing

• Subprime Meltdown: American Housing and Global Financial Turmoil

William Sahlman Read Bio

Dimitri V. D'Arbeloff - MBA Class of 1955 Professor of Business Administration, Senior Associate Dean for External Relations

Expertise: Entrepreneurial finance, venture capital, venture creation/development

David ScharfsteinRead Bio

Edmund Cogswell Converse Professor of Finance and Banking

Expertise: Corporate finance, entrepreneurship, private equity, resource allocation, venture capital

• This Bailout Doesn't Pay Dividends
• Bank Lending During the Financial Crisis of 2008
• The Bailout Is Robbing the Banks

Daniel C. Snow Read Bio

Assistant Professor of Business Administration

Expertise: Innovation,  technological innovation,  technology management,  technology strategy

• In Defense of American Cars
• HBS Faculty Comment on General Motors

Erik Stafford Read Bio

Associate Professor of Business Administration

Expertise: Capital markets, corporate finance

• The Economics of Structured Finance (.pdf)
• Economic Catastrophe Bonds
• Leveraged Loans 2007

Sandra Sucher Read Bio

Senior Lecturer of Business Administration

Expertise: Corporate values/value systems, diversity, ethics, moral leadership, service

• Are Ethic Lapses Responsible For Bad Economy?

Matthew C. Weinzierl Read Bio

Assistant Professor of Business Administration

Expertise: Economics, macroeconomics, taxation

• Barack Obama and the Bush Tax Cuts

Eric D. Werker Read Bio

Assistant Professor of Business Administration

Expertise: Developing countries, economic development, political economy

• Barack Obama and the Bush Tax Cuts