Daniel W. Green

Daniel Green is an assistant professor of business administration in the Finance Unit. He teaches the Finance II course to MBA students.

Professor Green’s research focuses on corporate finance, capital markets, and financial intermediation.  His current research explores the relationship between the organization of financial markets, firm capital structure, and economic activity.  He has studied this in a variety of settings, ranging from high yield debt markets to microfinance.

Professor Green holds a PhD in Financial Economics from the MIT Sloan School of Management and a BA in Economics and Mathematics from the University of Rochester. Prior to his doctoral studies, he worked in the Capital Markets Group at the Federal Reserve Bank of New York.

Journal Articles

• Green, Daniel, and Erik Loualiche. "State and Local Government Employment in the COVID-19 Crisis." Art. 104321. Journal of Public Economics 193 (January 2021). View Details
• Green, Daniel, Brian Melzer, Jonathan Parker, and Arcenis Rojas. "Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand." American Economic Journal: Economic Policy 12, no. 4 (November 2020): 178–211. View Details
• Green, Daniel, and Ernest Liu. "A Dynamic Theory of Multiple Borrowing." Journal of Financial Economics 139, no. 2 (February 2021): 389–404. View Details

Working Papers

• Green, Daniel, and Boris Vallée. "Can Finance Save the World? Measurement and Effects of Coal Divestment Policies by Banks." Working Paper, August 2022. View Details
• Green, Daniel, and Benjamin N. Roth. "The Allocation of Socially Responsible Capital." Working Paper, July 2021. (Revise and Resubmit, Journal of Finance.) View Details
• Green, Daniel. "Corporate Refinancing, Covenants, and the Agency Cost of Debt." Working Paper, 2018. (Revise and Resubmit, Journal of Finance.) View Details

Cases and Teaching Materials

• Green, Daniel, Victoria Ivashina, and Alys Ferragamo. "PFA Pensions: The Climate Plus Product." Harvard Business School Case 222-088, June 2022. View Details
• Green, Daniel, Boris Vallee, and Sean Bracken. "A Case in Point: Shared Home Equity." Harvard Business School Teaching Note 222-090, June 2022. View Details
• Green, Daniel, E. Scott Mayfield, and Benjamin C. Esty. "Playing the Field: Competing Bids for Anadarko Petroleum Corp." Harvard Business School Teaching Note 222-014, July 2021. View Details
• Mayfield, E. Scott, Daniel Green, and Benjamin C. Esty. "Playing the Field: Competing Bids for Anadarko Petroleum Corp." Harvard Business School Case 220-087, May 2020. (Revised August 2021.) View Details
• Green, Daniel, Boris Vallee, Sid Beaumaster, and Yang (Dolly) Yu. "A Case in Point: Shared Home Equity." Harvard Business School Case 221-026, October 2020. (Revised July 2022.) View Details
• Green, Daniel, Luis M. Viceira, and Holly Fetter. "Divesting Harvard's Endowment." Harvard Business School Case 221-009, October 2020. (Revised November 2021.) View Details

Additional Information

• Personal Website
• Curriculum Vitae

Areas of Interest

• asset pricing
• banks and banking
• capital structure
• corporate finance
• financial strategy
Additional Topics
• boards of directors
• capital budgeting
• capital markets
• cost of capital
• financial engineering
• private equity
• risk management
• valuation
Industries
• asset management
• banking
• investment banking industry
• private equity (LBO funds)
Geographies
• Europe
• North America