More from these Authors

• Case | HBS Case Collection | July 2019

  Bjarke Ingels Group

  Boris Groysberg and Aldo Sesia

  Keywords: Buildings and Facilities; Design; Growth Management; Leadership; Organizational Culture; Talent and Talent Management; Urban Development; Construction Industry; Service Industry; Real Estate Industry; Denmark; Spain; United Kingdom; United States; New York (city, NY);

  Citation:

  Groysberg, Boris, and Aldo Sesia. "Bjarke Ingels Group." Harvard Business School Case 420-026, July 2019.  View Details

  CiteView DetailsEducators

  Related

• Teaching Note | HBS Case Collection | June 2019

  California Closets: Organizing the Customer Experience

  Boris Groysberg and Aldo Sesia

  California Closets: Organizing the Customer Experience

  Citation:

  Groysberg, Boris, and Aldo Sesia. "California Closets: Organizing the Customer Experience." Harvard Business School Teaching Note 419-064, June 2019.  View Details

  CiteView DetailsPurchase

  Related

• Article | Review of Financial Studies | June 2019

  Social Risk, Fiscal Risk, and the Portfolio of Government Programs

  Samuel G. Hanson, David S. Scharfstein and Adi Sunderam

  We develop a model of government portfolio choice in which a benevolent government chooses the scale of risky projects in the presence of market failures and tax distortions. These two frictions generate motives to manage social risk and fiscal risk. Social risk management makes attractive programs that ameliorate market failures in bad economic times. Fiscal risk management makes unattractive programs that entail large government outlays at times when other programs in the government's portfolio also require large outlays. We characterize the determinants of social and fiscal risk and argue that these two risk management motives often conflict. Using the model, we explore how the attractiveness of different financial stability programs varies with the government's fiscal burden and with characteristics of the economy.

  Keywords: Risk Management; Government and Politics; Programs;

  Citation:

  Hanson, Samuel G., David S. Scharfstein, and Adi Sunderam. "Social Risk, Fiscal Risk, and the Portfolio of Government Programs." Review of Financial Studies 32, no. 6 (June 2019): 2341–2382. (Internet Appendix Here.)  View Details

  CiteView DetailsFind at Harvard Read Now

  Related