More from the Author

• Article | Review of Financial Studies | June 2013

  Issuer Quality and Corporate Bond Returns

  Robin Greenwood and Samuel G. Hanson

  We show that the credit quality of corporate debt issuers deteriorates during credit booms, and that this deterioration forecasts low excess returns to corporate bondholders. The key insight is that changes in the pricing of credit risk disproportionately affect the financing costs faced by low quality firms, so the debt issuance of low quality firms is particularly useful for forecasting bond returns. We show that a significant decline in issuer quality is a more reliable signal of credit market overheating than rapid aggregate credit growth. We use these findings to investigate the forces driving time-variation in expected corporate bond returns.

  Citation:

  Greenwood, Robin, and Samuel G. Hanson. "Issuer Quality and Corporate Bond Returns." Review of Financial Studies 26, no. 6 (June 2013): 1483–1525. (Internet Appendix Here.)

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• Teaching Note | HBS Case Collection | 2013 (Revised from original 2013 version)

  Amazon, Apple, Facebook and Google (TN)

  John Deighton and Leora Kornfeld

  Keywords: Amazon; Apple; Facebook; google; digital marketing; online platforms; e-commerce; Marketing;

  Citation:

  Deighton, John, and Leora Kornfeld. "Amazon, Apple, Facebook and Google (TN)." Harvard Business School Teaching Note 513-100, May 2013. (Revised from original April 2013 version.)

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• Teaching Note | HBS Case Collection | 2013

  H Partners and Six Flags

  Robin Greenwood, Julie Messina and Jared Dourdeville

  Teaching Note for #211090 & #211096

  Keywords: Behavioral Finance; Private Equity; Insolvency and Bankruptcy; Debt Securities; Bonds; Investment; Entertainment and Recreation Industry; Financial Services Industry; United States;

  Citation:

  Greenwood, Robin, Julie Messina, and Jared Dourdeville. "H Partners and Six Flags." Harvard Business School Teaching Note 213-122, May 2013.

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