Finance
Recent Publications
Books
Gilson, Stuart C. Creating Value through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups. 2nd ed. John Wiley & Sons, 2010.
Lerner, Josh, and Mark Schankerman. The Comingled Code: Open Source and Economic Development. MIT Press, 2010.
Lerner, Josh, and Antoinette Schoar, eds. International Differences in Entrepreneurship. National Bureau of Economic Research Conference Report. Chicago: University of Chicago Press, 2010.
Retsinas, Nicolas P., and Eric Belsky, eds. Moving Forward: The Future of Consumer Credit and Mortgage Finance. Brookings Institution Press and Joint Center for Housing Studies at Harvard University, 2011.
Scharfstein, David S., et al., as part of the Squam Lake Working Group. The Squam Lake Report: Fixing the Financial System. Princeton, N.J.: Princeton University Press, 2010.
Published Papers and Book Chapters
Antras, Pol, and C. Fritz Foley. "Regional Trade Integration and Multinational Firm Strategies." In Costs and Benefits of Regional Economic Integration in Asia, edited by Robert J. Barro and Jong-Wha Lee. Oxford University Press, 2011.
Baker, Malcolm, Brendan Bradley, and Jeffrey Wurgler. "Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly." Financial Analysts Journal 67, no. 1 (January - February 2011).
Becker, Bo, and Jagadeesh Sivadasan. "The Effect of Financial Development on the Investment Cash Flow Relationship: Cross-Country Evidence from Europe." Art. 43. B.E. Journal of Economic Analysis & Policy 10, no. 1 (2010).
Becker, Bo, Henrik Cronqvist, and Rudiger Fahlenbrach. "Estimating the Effects of Large Shareholders Using a Geographic Instrument." Journal of Financial and Quantitative Analysis 46 (2011): 907-942.
Becker, Bo, and Todd Milbourn. "How Did Increased Competition Affect Credit Ratings?" Journal of Financial Economics 101, no. 1 (July 2011): 2011-2012.
Becker, Bo, Zoran Ivkovic, and Scott Weisbenner. "Local Dividend Clienteles." Journal of Finance 66, no. 2 (April 2011): 655-684.
Branstetter, Lee G., Ray Fisman, C. Fritz Foley, and Kamal Saggi. "Does Intellectual Property Rights Reform Spur Industrial Development?" Journal of International Economics 83, no. 1 (January 2011): 27-36.
Branstetter, Lee, and C. Fritz Foley. "Facts and Fallacies about U.S. FDI in China." In China's Growing Role in World Trade, edited by Robert Feenstra and Shang-Jin Wei. The University of Chicago Press, 2010.
Desai, Mihir, and Dhammika Dharmapala. "Dividend Taxes and International Portfolio Choice." The Review of Economics and Statistics 93, no. 1 (February 2011): 266-284.
Desai, Mihir, and Dhammika Dharmapala. "Do Strong Fences Make Strong Neighbors?" National Tax Journal 63 (December 2010): 723-740.
Desai, Mihir, and Li Jin. "Institutional Tax Clienteles and Payout Policy." Journal of Financial Economics 100, no. 1 (April 2011): 68-84.
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." Journal of Finance 66, no. 3 (June 2011): 753-787.
Foley, C. Fritz. "Welfare Payments and Crime." The Review of Economics and Statistics 93, no. 1 (February 2011): 97-112.
Froot, Kenneth A. "Lessons from Catastrophe Reinsurance." Chap. 20 in The Irrational Economist: Making Decisions in a Dangerous World, edited by Erwann Michel-Kerjan and Paul Slovic, 171-182. New York: Public Affairs Books, 2010.
Hanson, Samuel G., Anil Kashyap, and Jeremy C. Stein. "A Macroprudential Approach to Financial Regulation." Journal of Economic Perspectives 25, no. 1 (winter 2011).
Ivashina, Victoria, and Zheng Sun. "Institutional Demand Pressure and the Cost of Corporate Loans." Journal of Financial Economics 99, no. 3 (March 2011): 500-522.
Ivashina, Victoria, and Zheng Sun. "Institutional Stock Trading on Loan Market Information." Journal of Financial Economics 100, no. 2 (May 2011).
Ivashina, Victoria, and Anna Kovner. "The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking." Review of Financial Studies 24, no. 7 (July 2011): 2462-2498.
Jin, Li, and Anna Scherbina. "Inheriting Losers." Review of Financial Studies 24, no. 3 (May 2011).
Jurek, Jakub W., and Luis M. Viceira. "Optimal Value and Growth Tilts in Long-Horizon Portfolios." Review of Finance 15, no. 1 (2011).
Lin, Chen, Yue Ma, and Yuhai Xuan. "Ownership Structure and Financial Constraints: Evidence from a Structural Estimation." Journal of Financial Economics 10, no. 2 (November 2011): 416-431.
Lin, Chen, Yue Ma, Paul Malatesta, and Yuhai Xuan. "Ownership Structure and the Cost of Corporate Borrowing." Journal of Financial Economics 100, no. 1 (April 2011): 1-23.
Merton, Robert C. "Tribute to Paul A. Samuelson." Journal of Portfolio Management 36, no. 2 (winter 2010): 1.
Nocke, Volker, and Lucy White. "Vertical Merger, Collusion, and Disruptive Buyers." International Journal of Industrial Organization 28, no. 4 (2010): 350-354.
Viceira, Luis M. "Pension Fund Design in Developing Economies." In Evaluating the Financial Performance of Pension Funds, edited by Richard Hinz, Heinz P. Rudolph, Pablo Antolin, and Juna Yermo. The World Bank, 2010.
White, Lucy, and Alan Morrison. "Deposit Insurance and Subsidized Recapitalizations." Journal of Banking and Finance 35, no. 12 (December 2011): 3400-3416.
Working Papers
Antras, Pol, and C. Fritz Foley. "Poultry in Motion: A Study of International Trade Finance Practices." NBER Working Paper Series, No. 17091.
Baker, Malcolm, and Jeffrey Wurgler. "Behavioral Corporate Finance: An Updated Survey." NBER Working Paper Series, No. 17333, August 2011.
Becker, Bo, and Victoria Ivashina. "Cyclicality of Credit Supply: Firm Level Evidence." Working Paper.
Becker, Bo, Daniel B. Bergstresser, and Guhan Subramanian. "Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge." Harvard Business School Working Paper, No. 11-052, November 2010.
Bergstresser, Daniel B., Randolph Cohen, and Siddharth Shenai. "Financial Guarantors and the 2007-2009 Credit Crisis." Harvard Business School Working Paper, No. 11-051, November 2010.
Bergstresser, Daniel, Randolph Cohen, and Siddharth Shenai. "Fractionalization and the Municipal Bond Market." Harvard Business School Working Paper, No. 11-128, June 2011.
Bergstresser, Daniel, and Randolph Cohen. "Why Fears about Municipal Credit Are Overblown." Harvard Business School Working Paper, No. 11-129, June 2011.
Brunt, Liam, Josh Lerner, and Tom Nicholas. "Inducement Prizes and Innovation." Harvard Business School Working Paper, No. 11-118, May 2011.
Chernenko, Sergey, C. Fritz Foley, and Robin Greenwood. "Agency Costs, Mispricing, and Ownership Structure." NBER Working Paper Series, No. 15910.
Cohen, Lauren, Karl B. Diether, and Christopher J. Malloy. "Misvaluing Innovation." Working Paper, April 2011.
Davis, Steve, John Haltiwanger, Ron Jarmin, Josh Lerner, and Javier Miranda. "Private Equity and Employment." NBER Working Paper Series, No. 17399, August 2011.
Desai, Mihir A., C. Fritz Foley, and James R. Hines Jr. "Tax Policy and the Efficiency of U.S. Direct Investment Abroad." NBER Working Paper Series, No. 17202, July 2011.
Firth, Michael, Chen Lin, Ping Liu, and Yuhai Xuan. "The Client is King: Do Mutual Fund Relationships Bias Analyst Recommendations?" Working Paper, 2010.
Foley, C. Fritz, and William R. Kerr. "Ethnic Innovation and U.S. Multinational Firm Activity." Harvard Business School Working Paper, No. 12-006, August 2011.
Greenwood, Robin, Samuel G. Hanson, and Jeremy C. Stein. "A Comparative-Advantage Approach to Government Debt Maturity." Working Paper, December 2010.
Greenwood, Robin, and Samuel G. Hanson. "Issuer Quality and the Credit Cycle." Harvard Business School Working Paper, No. 11-065, January 2011.
Greenwood, Robin, and Samuel Hanson. "Share Issuance and Factor Timing." Working Paper, 2010.
Henkel, Joachim, and Carliss Y. Baldwin. "Modularity for Value Appropriation--How to Draw the Boundaries of Intellectual Property." Harvard Business School Working Paper, No. 11-054, November 2010.
Ishii, Joy, and Yuhai Xuan. "Acquirer-Target Social Ties and Merger Outcomes." Working Paper, 2010.
Ivashina, Victoria, Benjamin Iverson, and David C. Smith. "The Ownership and Trading of Debt Claims in Chapter 11 Restructurings." Working Paper.
Jurek, Jakub W., and Erik Stafford. "The Cost of Capital for Alternative Investments." Harvard Business School Working Paper, No. 12-013, September 2011.
Lerner, Josh, and Peter Tufano. "The Consequences of Financial Innovation: A Counterfactual Research Agenda." NBER Working Paper Series, No. 16781, February 2011.
Lerner, Josh, and Ulrike Malmendier. "With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship." Harvard Business School Working Paper, No. 11-108, April 2011.
Lin, Chen, Yue Ma, Paul Malatesta, and Yuhai Xuan. "Corporate Ownership Structure and Bank Loan Syndicate Structure." Working Paper, 2010.
Lin, Chen, Yue Ma, and Yuhai Xuan. "Ownership Structure and Financial Constraints: Evidence from a Structural Estimation." Working Paper, 2010.
Luo, Jianxi, Daniel E. Whitney, Carliss Y. Baldwin, and Christopher L. Magee. "The Architecture of Transaction Networks: A Comparative Analysis of Hierarchy in Two Sectors." Harvard Business School Working Paper, No. 11-076, January 2011.
Pflueger, Carolin E., and Luis M. Viceira. "An Empirical Decomposition of Risk and Liquidity in Nominal and Inflation-Indexed Government Bonds." Harvard Business School Working Paper, No. 11-094, March 2011.
Pflueger, Carolin E., and Luis M. Viceira. "Inflation-Indexed Bonds and the Expectations Hypothesis." Harvard Business School Working Paper, No. 11-095, March 2011.
Ryan, Andrea, Gunnar Trumbull, and Peter Tufano. "A Brief Postwar History of US Consumer Finance." Harvard Business School Working Paper, No. 11-058, December 2010.
HBS Course Materials
Baker, Malcolm P., and David Lane. "Matrix Capital Management (A)." Harvard Business School Case 211-017.
Baker, Malcolm P., and David Lane. "Matrix Capital Management (B)." Harvard Business School Supplement 211-048.
Baker, Malcolm P., and David Lane. "Matrix Capital Management (C)." Harvard Business School Supplement 211-060.
Becker, Bo. "Identifying Firm Capital Structure." Harvard Business School Case 211-072.
Bergstresser, Daniel Baird, Lauren H. Cohen, Randolph Cohen, and Christopher J. Malloy. "AQR's Momentum Funds (B)." Harvard Business School Supplement 211-075.
Cole, Shawn A., and E. Baily Blair Kempner. "BANEX and the ,,No Pago" Movement (A)." Harvard Business School Case 211-092.
Cole, Shawn A., and E. Baily Blair Kempner. "BANEX and the ,,No Pago" Movement (B)." Harvard Business School Supplement 211-102.
Esty, Benjamin C., and David Lane. "Dow's Bid for Rohm and Haas." Harvard Business School Case 211-020.
Froot, Kenneth A., and Scott Waggoner. "BlackRock Solutions." Harvard Business School Case 211-082.
Fruhan, William E. "Braddock Industries, Inc." Harvard Business School Case 211-061.
Fruhan, William E. "Stanley Black & Decker, Inc." Harvard Business School Case 211-067.
Gilson, Stuart C., and Sarah Abbott. "Countrywide plc." Harvard Business School Case 211-026.
Goldberg, Ray A., Arthur I Segel, Gustavo A. Herrero, and Andrew Pierson Terris. "Cresud S.A., Farmer or Real Estate Developer?" Harvard Business School Case 211-011.
Goldberg, Ray A., Arthur I Segel, Gustavo A. Herrero, and Andrew Pierson Terris. "Farmland Investing: A Technical Note." Harvard Business School Note 211-022.
Greenwood, Robin, and Benjamin Joseph Steiner. "Gold in 2011: Bubble or Safe Haven Asset?" Harvard Business School Case 211-095.
Greenwood, Robin, and Michael Gorzynski. "H Partners and Six Flags." Harvard Business School Case 211-090.
Greenwood, Robin, and Michael Gorzynski. "H Partners and Six Flags (B)." Harvard Business School Supplement 211-096.
Hamermesh, Richard G., Josh Lerner, and Phillip Andrews. "U.S. Universities and Technology Transfer." Harvard Business School Note 812-016.
Iyer, Lakshmi, and John D. Macomber. "Dharavi: Developing Asia's Largest Slum (B)." Harvard Business School Supplement 711-107.
Jin, Li, Li Liao, Aldo Sesia, and Jianyi Wu. "Stock Reform of Shenzhen Development Bank." Harvard Business School Case 211-080.
Kohn, A. Eugene, Arthur I Segel, and Andrew Pierson Terris. "Back to the Future: Redeveloping Unilever House." Harvard Business School Case 211-038.
Lerner, Josh, Thomas Hellmann, and Ilkin Ilyaszade. "Angels in British Columbia." Harvard Business School Case 811-100.
Lerner, Josh, and Ann Leamon. "A Note on European Private Equity." Harvard Business School Note 811-103.
Lerner, Josh, Ann Leamon, and Abishai Vase. "A Note on Private Equity in Developing Countries." Harvard Business School Note 811-102.
Lerner, Josh, and Keith Chi-ho Wong. "Oriental Fortune Capital: Building a Better Stock Exchange." Harvard Business School Case 811-105.
Luehrman, Timothy A., and Yuhai Xuan. "Magna International, Inc. (A)." Harvard Business School Case 211-044.
Luehrman, Timothy A., and Yuhai Xuan. "Magna International, Inc. (B)." Harvard Business School Supplement 211-045.
Luehrman, Timothy A., and David Lane. "Tombstones." Harvard Business School Case 211-063.
Macomber, John D., and Kristian Peterson. "A Slice of the Pie: Ruby Collins and Tenants in Common." Harvard Business School Case 211-008.
Macomber, John D., Chad Carr, and Fan Zhao. "Sound Group China: Urban Waste Entrepreneurs." Harvard Business School Case 211-086.
Ruback, Richard S., and Royce Yudkoff. "ALAC International." Harvard Business School Case 211-065.
Ruback, Richard S., and Royce Yudkoff. "Businesses for Sale by Briggs Capital, 2010." Harvard Business School Case 211-088.
Ruback, Richard S., and Royce Yudkoff. "Executive Compensation at Talent Partners." Harvard Business School Case 211-073.
Ruback, Richard S., and Royce Yudkoff. "Gemini Investors." Harvard Business School Case 211-066.
Ruback, Richard S., and Royce Yudkoff. "Greg Mazur and the Purchase of Great Eastern Premium Pet Foods." Harvard Business School Case 211-085.
Ruback, Richard S., and Royce Yudkoff. "Marlin & Associates and the Sale of Riverview Technologies." Harvard Business School Case 211-083.
Ruback, Richard S., and Royce Yudkoff. "Nashton Partners and its Search Fund Process." Harvard Business School Case 212-006.
Ruback, Richard S., and Royce Yudkoff. "National Public Broadcasting." Harvard Business School Case 211-058.
Ruback, Richard S., and Royce Yudkoff. "Next Street, LLC." Harvard Business School Case 211-094.
Ruback, Richard S., and Royce Yudkoff. "Penn Warranty Corporation." Harvard Business School Case 212-007.
Ruback, Richard S., and Royce Yudkoff. "Red Hen Baking Company." Harvard Business School Case 211-091.
Ruback, Richard S., and Royce Yudkoff. "Talismark." Harvard Business School Case 211-097.
Ruback, Richard S., and Royce Yudkoff. "Triple Point Technology." Harvard Business School Case 211-057.
Segel, Arthur I, Michael Shih-ta Chen, and Dawn Lau. "Corporate Avenue." Harvard Business School Case 812-056.
Segel, Arthur I, Nicolas Ibanez, and Jay Verjee. "Patagonia Sur: For-Profit Land Conservation in Chile." Harvard Business School Case 211-103.
Segel, Arthur I, Gregory S. Feldman, James T. Liu, and Elizabeth C. Williamson. "Stuyvesant Town - Peter Cooper Village: America's Largest Foreclosure." Harvard Business School Case 211-106.
Viceira, Luis M., Elena Corsi, and Ruth Dittrich. "Shelley Capital and the Hedge Fund Secondary Market." Harvard Business School Case 211-112.
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.