Finance
Recent Publications
Books
Bodie, Zvi, Robert C. Merton, and David L. Cleeton. Financial Economics. 2nd ed. N.J.: Prentice Hall, 2009.
Published Papers and Book Chapters
Baker, Malcolm, C. Fritz Foley, and Jeffrey Wurgler. "Multinationals as Arbitrageurs? The Effect of Stock Market Valuations on Foreign Direct Investment." Review of Financial Studies 22, no. 1 (January 2009).
Coval, Joshua D., Jakub W. Jurek, and Erik Stafford. "The Economics of Structured Finance." Journal of Economic Perspectives 23, no. 1 (winter 2009): 3-25.
Desai, Mihir A., C. Fritz Foley, and James R. Hines Jr. "Domestic Effects of the Foreign Activities of U.S. Multinationals." American Economic Journal: Economic Policy 1, no. 1 (February 2009): 181-203.
Desai, Mihir, D. Kapur, and J. McHale. "The Fiscal Impact of High-skilled Emigration: Flows of Indians to the U.S." Journal of Development Economics 88, no. 1 (January 2009).
Gompers, Paul A., Anna Kovner, and Josh Lerner. "Specialization and Success: Evidence from Venture Capital." Journal of Economics and Management Strategy 18, no. 3 (fall 2009): 817-844.
Greenwood, Robin, and Michael Schor. "Investor Activism and Takeovers." Journal of Financial Economics 92 (2009): 362-375.
Greenwood, Robin. "Trading Restrictions and Stock Prices." Review of Financial Studies 22, no. 3 (March 2009): 509-539.
Ivashina, Victoria. "Asymmetric Information Effects on Loan Spreads." Journal of Financial Economics 92 (2009): 300-319.
Merton, Robert C. Contribution to Harry M. Markowitz, Merton H. Miller, William F. Sharpe, Robert C. Merton, and Myron S. Scholes. Vol. 2, edited by Howard R. Vane and Chris Mulhearn. Pioneering Papers of the Nobel Memorial Laureates in Economics Series. Edward Elgar Publishing, 2009.
Viceira, Luis M. "Life-Cycle Funds." Chap. 5 in Overcoming the Saving Slump: How to Increase the Effectiveness of Financial Education and Saving Programs, edited by Annamaria Lusardi. University of Chicago Press, 2009.
Working Papers
Antras, Pol, and C. Fritz Foley. "Regional Trade Integration and Multinational Firm Strategies." NBER Working Paper Series, No. 14891, April 2009.
Baldwin, Carliss Y., and C. Jason Woodard. "The Architecture of Platforms: A Unified View." Harvard Business School Working Paper, No. 09-034, September 2008.
Becker, Bo, and Todd Milbourn. "Reputation and Competition: Evidence from the Credit Rating Industry." Harvard Business School Working Paper, No. 09-051, October 2008.
Becker, Bo, Henrik Cronqvist, and Rudiger Fahlenbrach. "Estimating the Effects of Large Shareholders Using a Geographic Instrument." Harvard Business School Working Paper, No. 10-028, October 2009.
Bernstein, Shai Benjamin, Josh Lerner, and Antoinette Schoar. "The Investment Strategies of Sovereign Wealth Funds." Harvard Business School Working Paper, No. 09-112, March 2009.
Brunt, Liam, Josh Lerner, and Tom Nicholas. "Inducement Prizes and Innovation." Centre for Economic Policy Research, Discussion Paper Series, No. 6917.
Campbell, John Y., Aditya Vikram Sunderam, and Luis M. Viceira. "Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds." Harvard Business School Working Paper, No. 09-088, January 2009.
Campbell, John Y., Karine Serfaty-de Medeiros, and Luis M. Viceira. "Global Currency Hedging." Harvard Business School Working Paper, No. 09-089, January 2009.
Campbell, John Y., Robert J. Shiller, and Luis M. Viceira. "Understanding Inflation-Indexed Bond Markets." NBER Working Paper Series, No. 15014, May 2009.
Chen, Henry, Paul A. Gompers, Anna Kovner, and Josh Lerner. "Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion." Harvard Business School Working Paper, No. 09-143, June 2009.
Cohen, Lauren, Andrea Frazzini, and Christopher J. Malloy. "Hiring Cheerleaders: Board Appointments of 'Independent' Directors." NBER Working Paper Series, No. 14232, August 2008.
Cole, Shawn A., Andrew Healy, and Eric D. Werker. "Do Voters Appreciate Responsive Governments? Evidence from Indian Disaster Relief." Harvard Business School Working Paper, No. 09-050, October 2008.
Cole, Shawn A., Xavier Gine, Jeremy Tobacman, Petia Topalova, Robert Townsend, and James Vickery. "Barriers to Household Risk Management: Evidence from India." Harvard Business School Working Paper, No. 09-116, April 2009.
Cole, Shawn A. "Financial Development, Bank Ownership, and Growth. Or, Does Quantity Imply Quality?" Harvard Business School Working Paper, No. 09-002, July 2008.
Cole, Shawn A., Thomas Sampson, and Bilal Zia. "Financial Literacy, Financial Decisions, and the Demand for Financial Services: Evidence from India and Indonesia." Harvard Business School Working Paper, No. 09-117.
Cole, Shawn A. "Fixing Market Failures or Fixing Elections? Agricultural Credit in India." Harvard Business School Working Paper, No. 09-001, July 2008.
Cole, Shawn A., and Gauri Kartini Shastry. "Smart Money: The Effect of Education, Cognitive Ability, and Financial Literacy on Financial Market Participation." Harvard Business School Working Paper, No. 09-071, December 2008. (Revised February 2009, previously titled "If You Are So Smart, Why Aren't You Rich? The Effects of Education, Financial Literacy and Cognitive Ability on Financial Market Participation".)
Desai, Mihir A. "The Decentering of the Global Firm." Harvard Business School Working Paper, No. 09-054, October 2008.
Desai, Mihir A. "Securing Jobs or the New Protectionism?: Taxing the Overseas Activities of Multinational Firms." Harvard Business School Working Paper, No. 09-107, March 2009.
Dharmapala, Dhammika, C. Fritz Foley, and Kristin J. Forbes. "Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act." NBER Working Paper Series, No. 15023, June 2009.
Farhi, Emmanuel, Josh Lerner, and Jean Tirole. "Fear of Rejection? Tiered Certification and Transparency." Harvard Business School Working Paper, No. 09-062, October 2008.
Gompers, Paul A., Anna Kovner, Josh Lerner, and David S. Scharfstein. "Performance Persistence in Entrepreneurship." Harvard Business School Working Paper, No. 09-028, September 2008.
Gray, Dale F., Robert C. Merton, and Zvi Bodie. "New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability." Harvard Business School Working Paper, No. 09-015, August 2008.
Greenwood, Robin, and David Thesmar. "Stock Price Fragility." Harvard Business School Working Paper, No. 10-031, October 2009.
Greenwood, Robin, and Samuel Gregory Hanson. "Catering to Characteristics." Harvard Business School Working Paper, No. 09-099, March 2009.
Greenwood, Robin, Jeremy C. Stein, and Samuel Hanson. "A Gap-Filling Theory of Corporate Debt Maturity Choice." NBER Working Paper Series, No. 14087, June 2008. (Revised November 2008.)
Hall, Bronwyn H., and Josh Lerner. "The Financing of R&D and Innovation." NBER Working Paper Series, No. 15325, September 2009.
Henkel, Joachim, and Carliss Y. Baldwin. "Modularity for Value Appropriation: Drawing the Boundaries of Intellectual Property." Harvard Business School Working Paper, No. 09-097, February 2009.
Lerner, Josh. "The Litigation of Financial Innovations." Harvard Business School Working Paper, No. 09-027, September 2008.
Lerner, Josh, Morten Sorensen, and Per Stromberg. "Private Equity and Long-Run Investment: The Case of Innovation." Harvard Business School Working Paper, No. 09-075, December 2008.
Luo, Jianxi, Daniel E. Whitney, Carliss Y. Baldwin, and Christopher L. Magee. "Measuring and Understanding Hierarchy as an Architectural Element in Industry Sectors." Harvard Business School Working Paper, No. 09-144, June 2009.
Lusardi, Annamaria, and Peter Tufano. "Debt Literacy, Financial Experiences, and Overindebtedness." NBER Working Paper Series, No. 14808, March 2009.
MacCormack, Alan D., John Rusnak, and Carliss Y. Baldwin. "Exploring the Duality between Product and Organizational Architectures: A Test of the Mirroring Hypothesis." Harvard Business School Working Paper, No. 08-039, March 2008. (Revised October 2008.)
Purao, Sandeep, Carliss Y. Baldwin, Alan Hevner, Veda C. Storey, Jan Pries-Heje, Brian Smith, and Ying Zhu. "The Sciences of Design: Observations on an Emerging Field." Harvard Business School Working Paper, No. 09-056, October 2008.
Tufano, Peter. "Just Keep My Money! Supporting Tax-time Savings with U.S. Savings Bonds." Harvard Business School Working Paper, No. 09-059, October 2008.
HBS Course Materials
Baldwin, Carliss Y. "Evaluating M&A Deals: Floors, Caps, and Collars." Harvard Business School Note 209-138.
Bergstresser, Daniel Baird, Robin Greenwood, and James Quinn. "Washington Mutual's Covered Bonds." Harvard Business School Case 209-093.
Bergstresser, Daniel Baird, Shawn A. Cole, and Siddharth Bhaskar Shenai. "UBS and Auction Rate Securities (A)." Harvard Business School Case 209-119.
Bergstresser, Daniel Baird, Shawn A. Cole, and Siddharth Bhaskar Shenai. "UBS and Auction Rate Securities (B)." Harvard Business School Supplement 209-131.
Bergstresser, Daniel Baird, Shawn A. Cole, and Siddharth Bhaskar Shenai. "UBS and Auction Rate Securities (C)." Harvard Business School Supplement 209-135.
Esty, Benjamin C., and Aldo Sesia. "The Chad-Cameroon Petroleum Development and Pipeline Project (E)." Harvard Business School Supplement 209-082.
Foley, C. Fritz, and Linnea Meyer. "Nomura's Global Growth: Picking Up Pieces of Lehman." Harvard Business School Case 210-017.
Foley, C. Fritz, Michael Shih-ta Chen, Matthew Johnson, and Linnea Meyer. "Noble Group." Harvard Business School Case 210-021.
Foley, C. Fritz, and Linnea Meyer. "WL Ross and Plascar." Harvard Business School Case 209-091.
Fruhan, William E. "Note: Fair Value Accounting for Investments in Debt Securities." Harvard Business School Note 209-134.
Fruhan, William E. "Restructuring Distressed Companies—Cross-National Comparisons." Harvard Business School Note 209-111.
Fruhan, William E. "State Street Corporation." Harvard Business School Case 209-112.
Gilson, Stuart C. "Note on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)." Harvard Business School Note 209-133.
Gilson, Stuart C., Vincent Marie Dessain, and Sarah Abbott. "Groupe Eurotunnel S.A. (B): Restructuring Under the Procedure de Sauvegarde." Harvard Business School Supplement 209-113.
Gilson, Stuart C., Victoria Ivashina, and Sarah Abbott. "Delphi Corp. and the Credit Derivatives Market (A)." Harvard Business School Case 210-002.
Gilson, Stuart C., Vincent Marie Dessain, and Sarah Abbott. "Groupe Eurotunnel S.A. (A)." Harvard Business School Case 209-062.
Greenwood, Robin, and James Quinn. "Citigroup's Exchange Offer (A)." Harvard Business School Case 210-009.
Greenwood, Robin, and James Quinn. "Citigroup's Exchange Offer (B)." Harvard Business School Supplement 210-004.
Greenwood, Robin, and James Quinn. "Citigroup's Exchange Offer (C)." Harvard Business School Supplement 210-015.
Greenwood, Robin, Rakesh Khurana, and Masako Egawa. "Aderans." Harvard Business School Case 209-090.
Hardymon, G. Felda, Josh Lerner, and Ann Leamon. "The Canada Pension Plan Investment Board." Harvard Business School Case 809-073.
Iyer, Lakshmi, John D. Macomber, and Namrata Arora. "Dharavi: Developing Asia's Largest Slum." Harvard Business School Case 710-004.
Jin, Li, Yuhai Xuan, and Xiaobing Bai. "Shenzhen Development Bank." Harvard Business School Case 210-020.
Kohn, A. Eugene, John D. Macomber, and Ben Creo. "CityCenter (A): Vision and Design." Harvard Business School Case 209-052.
Kohn, A. Eugene, John D. Macomber, and Ben Creo. "CityCenter (B): Economics and Delivery." Harvard Business School Supplement 209-094.
Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Milliway Capital: Battening Down the Hatches." Harvard Business School Case 809-072.
Lerner, Josh. "Altoona State Investment Board: December 2008." Harvard Business School Case 809-095.
Macomber, John D., and Regina Garcia-Cuellar. "URBI and the City Licensee Managers." Harvard Business School Case 209-144.
Macomber, John D., Christopher M. Gordon, and Ben Creo. "Disaster in April: The Obligations of Kelly Construction." Harvard Business School Case 209-099.
Mikes, Anette, Peter Tufano, Eric D. Werker, and Jan-Emmanuel De Neve. "The World Food Programme during the Global Food Crisis (B)." Harvard Business School Supplement 709-052.
Piskorski, Mikołaj Jan, John D. Macomber, and David Chen. "Young Presidents' Organization." Harvard Business School Case 709-444.
Reiling, Henry B., Christopher Bruner, and Kevin Wall. "Esser & Ackermann at Mannesmann." Harvard Business School Case 209-095.
Retsinas, Nicolas P., and Justin Seth Ginsburgh. "One South: Investing in Emerging Markets (A)." Harvard Business School Case 210-024.
Retsinas, Nicolas P., and Justin Seth Ginsburgh. "One South: Investing in Emerging Markets (B)." Harvard Business School Supplement 210-027.
Retsinas, Nicolas P., Ben Creo, and Ricardo Reisen de Pinho. "Equity International: The Second Act." Harvard Business School Case 209-110.
Rose, Clayton S., Daniel Baird Bergstresser, and David Lane. "The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (B1)." Harvard Business School Supplement 309-070.
Rose, Clayton S., Daniel Baird Bergstresser, and David Lane. "The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (B2)." Harvard Business School Supplement 309-091.
Rose, Clayton S., Daniel Baird Bergstresser, and David Lane. "The Tip of the Iceberg: JP Morgan Chase and Bear Stearns (A)." Harvard Business School Case 309-001.
Segel, Arthur I, William J. Poorvu, Ben Creo, and Justin Seth Ginsburgh. "Steel Street." Harvard Business School Case 210-010.
Segel, Arthur I, William J. Poorvu, Richard Kessler, and Justin Seth Ginsburgh. "Busse Place." Harvard Business School Case 209-154.
Segel, Arthur I. "How Institutional Investors Think About Real Estate." Harvard Business School Note 209-152.
Tufano, Peter, Andrea Ryan, and Daniel Schneider. "An Introduction to Consumer Credit." Harvard Business School Note 209-107.
Villalonga, Belén. "Note on Valuing Control and Liquidity in Family and Closely Held Firms." Harvard Business School Note 209-104.
Villalonga, Belén. "Financial Management of Family and Closely Held Firms: Overview of the Course." Harvard Business School Course Overview 209-137.
Villalonga, Belén. "Note on Measuring Controlling Shareholders’ Ownership, Voting, and Control Rights." Harvard Business School Note 209-109.
Villalonga, Belén. "Note on Sum-Of-The-Parts Valuation." Harvard Business School Note 209-105.
White, Lucy. "Mylan Lab's Proposed Merger with King Pharmaceutical." Harvard Business School Case 209-097.
Individual faculty publication pages will contain the most current citations, as well as links to abstracts and full-text articles when available. Publications on this page are updated quarterly and may not be current. Only widely available course materials are listed.