Peter Tufano

Baker Foundation Professor

Peter Tufano is Baker Foundation Professor at Harvard Business School and Senior Advisor to the newly created Harvard Salata Institute for Climate and Sustainability. From 2011 to 2021, he served as the Peter Moores Dean at Saïd Business School at the University of Oxford. From 1989 to 2011, he was a Professor at HBS, where he oversaw the school’s tenure and promotion processes, campus planning, and university relations and was the founding co-chair of the Harvard i-lab. His research and course development has spanned financial innovation, financial engineering, and household finance. His current work focuses on business solutions to climate change.

Tufano’s research and course development has spanned financial innovation, financial engineering, and household finance. His current work focuses on business solutions to climate change. With Professors Toffel and Serafeim, he is launching the D^3 Climate and Sustainability Impact Lab studying how new technologies such as AI can be used to address climate issues. He is studying climate alliances, with an eye to understanding their role in addressing the climate crisis as well as their legal status within current anti-trust statutes. With professors from across the globe, he is designing and will launch in 2023 a new doctoral class on the Financial Economics of Climate and Sustainability. His work on the corporate adoption of ESG practices as part of the Ownership Project at Oxford finds strong relationships between ownership and ESG practices. He is collaborating on a new project that surveys people across the globe about their conceptions of the responsibilities of business.

A believer in the power of collaboration to effect systems change, Tufano is acting as Senior Advisor to the newly-created Salata Institute for Climate and Sustainability. The Institute will draw upon the extensive expertise and resources across Harvard and beyond to develop and promote durable, effective, and equitable solutions to the climate change challenges confronting humanity. Beyond Harvard, he has helped to form Business Schools for Climate Leadership bringing together business schools in Europe to support businesses addressing the climate crisis facing the planet.

As Dean, Tufano championed the mission of making business, business schools, and entrepreneurship forces for justice and systems change, re-orienting the School around global challenges while transforming the gender and global composition of the class. This orientation, along with his approach of “embedding” the School within the broader University, produced the 1+1 MBA programme; the required Global Opportunities and Threats: Oxford (GOTO) course; its global analogue, Map the System; the Engaging with the Humanities Programme; the Oxford Foundry; Oxford’s joining of the Creative Destruction Lab, its Aspen-Oxford Leadership Programme, and more.

Tufano founded and chairs Commonwealth, a non-profit building financial security and opportunity for financially vulnerable people through innovation and partnerships to change systems. Their work contributed to the passage of the American Savings Promotion Act in December 2014, which removed federal barriers to the sale of prize-linked savings products. He is currently working with the Commonwealth of Massachusetts on designing a proposal for a Baby Bond program.

Tufano earned his BA in economics (summa cum laude), MBA (with high distinction) and PhD in Business Economics at Harvard University. He is a Fellow of the Academy of Social Sciences and recently earned GARP’s certification in Sustainability and Climate Risk.

General Management

Unit

Contact Information

(617) 495-6855

"When Climate Collaboration Is Treated as an Antitrust Violation," HBR Online (October 2022)

Matteo Gasparini, Knut Haanaes, and Peter Tufano

"Business Schools Must Do More to Address the Climate Crisis."

"Training Leaders to Win Wars and Forge Peace: Lessons from History," Business History Review 94 (Winter 2020): 807–833

"Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts." (May 2022)

Cole, Shawn A., Benjamin Iverson, and Peter Tufano

Featured Work

"When Climate Collaboration Is Treated as an Antitrust Violation," HBR Online (October 2022)

Matteo Gasparini, Knut Haanaes, and Peter Tufano

"Business Schools Must Do More to Address the Climate Crisis."

"Training Leaders to Win Wars and Forge Peace: Lessons from History," Business History Review 94 (Winter 2020): 807–833

"Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts." (May 2022)

Cole, Shawn A., Benjamin Iverson, and Peter Tufano

Books

Kester, W. Carl, Richard Ruback, and Peter Tufano, eds. Teaching Manual to accompany Case Problems in Finance. 12th ed. Chicago: McGraw-Hill, 2005. View Details
Kester, W. Carl, Richard Ruback, and Peter Tufano, eds. Case Problems in Finance. 12th ed. Chicago: McGraw-Hill, 2004. View Details
Mason, Scott P., Robert C. Merton, André Perold, and Peter Tufano. Teacher's Manual for Cases in Financial Engineering: Applied Studies of Financial Innovation. Prentice Hall, 1996. View Details
Crane, D. B., K. A. Froot, Scott P. Mason, André Perold, R. C. Merton, Z. Bodie, E. R. Sirri, and P. Tufano. The Global Financial System: A Functional Perspective. Boston: Harvard Business School Press, 1995. View Details
Mason, Scott P., Robert C. Merton, André Perold, and Peter Tufano. Cases in Financial Engineering: Applied Studies of Financial Innovation. Englewood Cliffs: Prentice Hall, 1995. View Details

Journal Articles

Gasparini, Matteo, Knut Haanaes, and Peter Tufano. "When Climate Collaboration Is Treated as an Antitrust Violation." Harvard Business Review (website) (October 17, 2022). View Details
Galdón, Concepción, Knut Haanaes, Daniel Halbheer, Jennifer Howard-Grenville, Katell Le Goulven, Mike Rosenberg, Peter Tufano, and Amelia Whitelaw. "Business Schools Must Do More to Address the Climate Crisis." Harvard Business Review Digital Articles (February 1, 2022). View Details
Wanat, Marta, Mary Logan, Jennifer A. Hirst, Charles Vicary, Joseph J. Lee, Rafael Perera, Irene Tracey, Gordon Duff, Peter Tufano, Thomas Fanshawe, Lazaro Mwandigha, Brian D. Nicholson, Sarah Tonkin-Crine, and Richard Hobbs. "Perceptions on Undertaking Regular Asymptomatic Self-testing for COVID-19 Using Lateral Flow Tests: A Qualitative Study of University Students and Staff." BMJ Open 11, no. 9 (September 2021). View Details
Cole, Shawn A., Benjamin Iverson, and Peter Tufano. "Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts." Management Science 68, no. 5 (May 2022): 3282–3308. View Details
Tufano, P. "Training Leaders to Win Wars and Forge Peace: Lessons from History." Business History Review 94, no. 4 (Winter 2020): 807–833. View Details
Clark, Gordon, Maurizio Fiaschetti, and Peter Tufano. "Advice in Defined Contribution Plans." Chap. 6 in Financial Decision Making and Retirement Security in an Aging World, edited by Olivia S. Mitchell, P. Brett Hammond, and Stephen P. Utkus, 96–114. Oxford, UK: Oxford University Press, 2017. View Details
Lusardi, Annamaria, and Peter Tufano. "Debt Literacy, Financial Experiences, and Overindebtedness." Journal of Pension Economics & Finance 14, no. 4 (October 2015): 329–365. View Details
Lusardi, Annamaria, Daniel Schneider, and Peter Tufano. "The Economic Crisis and Medical Care Usage: Comparative Evidence from Five High-Income Countries." Social Science Quarterly 96, no. 1 (March 2015): 202–213. View Details
Tufano, P., Michael Quinn, and Ryan D. Taliaferro. "Live Prices and Stale Quantities: T+1 Accounting and Mutual Fund Mispricing." Journal of Investment Management 10, no. 1 (2012): 5–15. View Details
Campbell, Dennis, F. Asis Martinez-Jerez, and Peter Tufano. "Bouncing Out of the Banking System: An Empirical Analysis of Involuntary Bank Account Closures." Journal of Banking & Finance 36, no. 4 (April 2012): 1224–1235. View Details
Kaplan, Robert S., Anette Mikes, Robert Simons, Peter Tufano, and Michael Hofmann Jr. "Managing Risk in the New World." Harvard Business Review 87, no. 10 (October 2009): 68–75. View Details
Martinez-Jerez, Francisco de Asis, Sanjiv Das, and Peter Tufano. "eInformation: A Clinical Study of Investor Discussion and Sentiment." Financial Management 34, no. 3 (Fall 2005): 103–137. View Details
Esty, B. C., Bhanu Narasimhan, and Peter Tufano. "Interest-Rate Exposure and Bank Mergers." Journal of Banking & Finance 23, nos. 2-4 (February 1999): 255–285. View Details
Esty, B. C., P. Tufano, and J. Headley. "Banc One Corporation: Asset and Liability Management." Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 33–51. View Details
Esty, B. C., and P. Tufano. "Commentaries on Banc One's Hedging Strategy." Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 63–65. View Details

Book Chapters

Tufano, P. "Crises and Collective Purpose: Distraction or Liberation?" In Business School Leadership and Crisis Exit Planning: Global Deans' Contributions on the Occasion of the 50th Anniversary of EFMD, edited by Eric Cornuel. Cambridge University Press, 2022. View Details
Tufano, Peter. "Road Signs for Business and Business Education: Navigating the Geography of Social Value Creation." Chap. 11 in Shaping Entrepreneurial Mindsets, edited by Jordi Canals, 189–202. Palgrave Macmillan, 2015. View Details
Cole, Shawn A., Peter Tufano, and John Thompson. "Where Does It Go? Spending by the Financially Constrained." Chap. 2 in Borrowing to Live: Consumer and Mortgage Credit Revisited, edited by Nicolas P. Retsinas and Eric S. Belsky, 65–91. Brookings Institution Press, 2008. View Details
Merton, Robert C., and Peter Tufano. "The Global Financial System Project." In The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, edited by T. K. McCraw and J. L. Cruikshank. Boston: Harvard Business School Press, 1999. View Details

Working Papers

Ryan, Andrea, Gunnar Trumbull, and Peter Tufano. "A Brief Postwar History of U.S. Consumer Finance." Harvard Business School Working Paper, No. 11-058, December 2010. View Details
Lusardi, Annamaria, Daniel Schneider, and Peter Tufano. "The Economic Crisis and Medical Care Usage." Harvard Business School Working Paper, No. 10-079, March 2010. View Details
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. (Revised August 2010.) View Details
Tufano, Peter, and Daniel Schneider. "Using Financial Innovation to Support Savers: From Coercion to Excitement." Harvard Business School Working Paper, No. 08-075, April 2008. View Details
Cole, Shawn A., John Thompson, and Peter Tufano. "Where Does It Go? Spending by the Financially Constrained." Harvard Business School Working Paper, No. 08-083, March 2008. (Revised April 2008.) View Details
Tufano, P., Nick Maynard, and Jan-Emmanuel De Neve. "Consumer Demand for Prize-Linked Savings: A Preliminary Analysis." Harvard Business School Working Paper, No. 08-061, February 2008. View Details

Cases and Teaching Materials

Cole, Shawn, and Peter Tufano. "BASIX (Abridged)." Harvard Business School Case 213-035, September 2012. View Details
Tufano, Peter. "Ashanti Goldfields Company Limited (A) (CW)." Harvard Business School Spreadsheet Supplement 213-710, December 2012. View Details
Campbell, Dennis, and Peter Tufano. "Affinity Plus (A)." Harvard Business School Case 209-026, July 2008. (Revised October 2012.) View Details
Tufano, Peter, Howell Jackson, and Andrea Ryan. "Lending Club." Harvard Business School Case 210-052, February 2010. (Revised December 2010.) View Details
Tufano, Peter, and Andrea Ryan. "The Christmas Eve Closing." Harvard Business School Case 209-043, October 2008. (Revised August 2010.) View Details
Tufano, Peter, and Andrea Ryan. "Lending Club case exhibits (CW)." Harvard Business School Spreadsheet Supplement 210-709, February 2010. View Details
Tufano, Peter, and Jordan Ashley Wong Keffer. "Valuing Visa? Priceless (CW)." Harvard Business School Spreadsheet Supplement 210-708, February 2010. View Details
Tufano, Peter, and Andrea Ryan. "Blue Ocean or Stormy Waters? Buying Nix Check Cashing." Harvard Business School Case 210-012, July 2009. (Revised July 2009.) View Details
Tufano, Peter, and Andrea Ryan. "Spreadsheet Supplement to Blue Ocean or Stormy Waters? Buying Nix Check Cashing (CW)." Harvard Business School Spreadsheet Supplement 210-701, July 2009. View Details
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, May 2009. View Details
Mikes, Anette, Peter Tufano, Eric D. Werker, and Jan-Emmanuel De Neve. "The World Food Programme during the Global Food Crisis (A)." Harvard Business School Case 709-024, December 2008. (Revised March 2009.) View Details
Tufano, Peter, Andrea Ryan, and Daniel Schneider. "An Introduction to Consumer Credit." Harvard Business School Background Note 209-107, February 2009. View Details
Tufano, Peter, and Daniel Schneider. "E-Duction, Inc." Harvard Business School Case 206-006, September 2005. (Revised January 2009.) View Details
Tufano, Peter, Arijit Roy, and Emily McClintock. "H&R Block 2006." Harvard Business School Case 307-091, January 2007. (Revised October 2008.) View Details
Tufano, Peter. "Liability Management at General Motors." Harvard Business School Case 293-123, March 1993. (Revised July 2008.) View Details
Esty, Benjamin C., Peter Tufano, and Jon Headley. "Banc One Corporation: Asset and Liability Management." Harvard Business School Case 294-079, February 1994. (Revised July 2008.) View Details
Campbell, Dennis, Francisco de Asis Martinez-Jerez, Peter Tufano, and Emily McClintock. "Central Bank: The ChexSystemsSM QualiFile® Decision." Harvard Business School Case 208-029, July 2007. (Revised May 2008.) View Details
Cole, Shawn A., Peter Tufano, Daniel Schneider, and Daryl Collins. "First National Bank's Golden Opportunity." Harvard Business School Case 208-072, October 2007. (Revised March 2008.) View Details
Cole, Shawn A., and Peter Tufano. "BASIX." Harvard Business School Case 207-099, February 2007. (Revised October 2007.) View Details
El-Hage, Nabil N., Peter Tufano, and Daniel Schneider. "CircleLending, Inc. 2006." Harvard Business School Case 206-137, April 2006. (Revised August 2007.) View Details
Tufano, Peter, and Shawn A. Cole. "BASIX Simulation Model." Harvard Business School Background Note 207-108, February 2007. View Details
Tufano, Peter, and Daniel Schneider. H&R Block and "Everyday Financial Services". Harvard Business School Case 205-013, July 2004. (Revised January 2007.) View Details
Tufano, Peter. "Introduction to Corporate Financial Engineering." Harvard Business School Background Note 297-053, December 1996. (Revised December 2006.) View Details
Coval, Joshua, Robin Greenwood, and Peter Tufano. "Williams, 2002." Harvard Business School Case 203-068, December 2002. (Revised October 2013.) View Details
Tufano, Peter, and Cameron Poetzscher. "Times Mirror Company PEPS Proposal Review." Harvard Business School Case 296-089, April 1996. (Revised January 2006.) View Details
Tufano, Peter. "Antamini Simulation Model." Harvard Business School Background Note 203-083, February 2003. (Revised October 2004.) View Details
Kedia, Simi, and Peter Tufano. "Adecco SA's Acquisition of Olsten Corp." Harvard Business School Case 201-068, March 2001. (Revised July 2004.) View Details
Ruback, Richard S., and Peter Tufano. "Sampa Video, Inc. (TN)." Harvard Business School Teaching Note 204-125, February 2004. View Details
Coval, Joshua D., Peter Tufano, and Ivo Welch. "Note on Credit Markets." Harvard Business School Background Note 203-069, December 2002. (Revised January 2004.) View Details
Perold, Andre F., and Peter Tufano. "Ford Motor Company's Value Enhancement Plan (A) (TN)." Harvard Business School Teaching Note 204-116, January 2004. View Details
Tufano, Peter, Zvi Bodie, and Akiko M. Mitsui. "Pension Plan of Bethlehem Steel, 2001, The." Harvard Business School Case 202-088, April 2002. (Revised October 2003.) View Details
Andrade, Gregor M., and Peter Tufano. "Sampa Video, Inc." Harvard Business School Case 201-094, June 2001. (Revised October 2003.) View Details
Tufano, Peter, and Joshua Musher. "United Grain Growers Limited (A)." Harvard Business School Case 201-015, February 2001. (Revised August 2003.) View Details
Tufano, Peter, and Michael Lewittes. "Sally Jameson: Valuing Stock Options in a Compensation Package." Harvard Business School Case 293-053, January 1993. (Revised August 2003.) View Details
Tufano, Peter, and Cameron Poetzscher. "Student Educational Loan Fund, Inc. (Abridged)." Harvard Business School Case 201-083, January 2001. (Revised August 2003.) View Details
Chacko, George C., and Peter Tufano. "Cox Communications, Inc., 1999." Harvard Business School Case 201-003, August 2000. (Revised August 2003.) View Details
Chacko, George C., Peter Tufano, and Joshua Musher. "Diageo plc." Harvard Business School Case 201-033, January 2001. (Revised August 2003.) View Details
Esty, Benjamin C., and Peter Tufano. "Contractual Innovation in the UK Energy Markets: Enron Europe, The Eastern Group, and the Sutton Bridge Project." Harvard Business School Case 200-051, May 2000. (Revised April 2003.) View Details
Tufano, Peter, Brian J. Hall, and Joshua Musher. "Sara's Options." Harvard Business School Case 201-005, August 2000. (Revised July 2002.) View Details
Tufano, Peter. "Sally Jameson: Valuing Stock Options in a Compensation Package (Abridged)." Harvard Business School Case 202-117, April 2002. View Details
Desai, Mihir A., and Peter Tufano. "Laura Martin: Real Options and the Cable Industry." Harvard Business School Case 201-004, August 2000. (Revised July 2001.) View Details
Moore, Ronald W., and Peter Tufano. "Dixon Corporation: The Collinsville Plant (Abridged)." Harvard Business School Case 201-097, March 2001. (Revised June 2001.) View Details
Pulvino, Todd C., and Peter Tufano. "Bond Math." Harvard Business School Case 201-101, June 2001. View Details
Tufano, Peter, and Joshua Musher. "HBS Inc." Harvard Business School Spreadsheet Supplement 201-723, April 2001. View Details
Tufano, Peter, and Jon Headley. "Why Manage Risk?" Harvard Business School Background Note 294-107, March 1994. (Revised February 2001.) View Details
Chacko, George C., Henry B. Reiling, Peter Tufano, and Matthew Bailey. "Sally Jameson - 1999." Harvard Business School Case 200-006, September 1999. View Details
Tufano, Peter, and John C Handley. "General Property Trust." Harvard Business School Case 299-098, April 1999. View Details
Tufano, Peter, and Cameron Poetzscher. "ABN-AMRO Holding N.V. and Smit Transformatoren N.V. (B)." Harvard Business School Supplement 296-031, October 1995. (Revised December 1998.) View Details
Tufano, Peter, William J Wildern, and Markus Mullarkey. "General Motors Corp. (A), The : Overview." Harvard Business School Case 299-006, August 1998. (Revised November 1998.) View Details
Tufano, Peter, William J Wildern, and Markus Mullarkey. "General Motors Corp. (B), The : Financial Policies." Harvard Business School Case 299-007, August 1998. View Details
Tufano, Peter, Markus Mullarkey, and William J Wildern. "General Motors Corporation (C), The : 1990-1992." Harvard Business School Case 299-008, August 1998. View Details
Tufano, Peter, Markus Mullarkey, and William J Widlern. "General Motors Corp. (D),The : 1993-1996." Harvard Business School Case 299-009, August 1998. View Details
Tufano, Peter, Geoffrey Verter, and Markus Mullarkey. "Cephalon, Inc." Harvard Business School Case 298-116, April 1998. View Details
Lerner, Josh, and Peter Tufano. "Aberlyn Capital Management: July 1993." Harvard Business School Case 294-083, January 1994. (Revised November 1997.) View Details
Tufano, Peter, and Cameron Poetzscher. "ABN-AMRO Holding N.V. and Smit Transformatoren N.V. (C)." Harvard Business School Case 298-036, September 1997. View Details
Tufano, Peter, and Alberto Moel. "Bidding for Antamina." Harvard Business School Case 297-054, February 1997. (Revised September 1997.) View Details
Froot, Kenneth A., Peter Tufano, and Chris L Marshall. "Syscom Computers." Harvard Business School Case 295-094, January 1995. (Revised May 1997.) View Details
Collat, Donald S., and Peter Tufano. "Privatization of Rhone-Poulenc 1993, The ." Harvard Business School Case 295-049, October 1994. (Revised March 1997.) View Details
Tufano, Peter, and Alberto Moel. "Copper and Zinc Markets 1996." Harvard Business School Background Note 297-055, March 1997. View Details
Tufano, Peter, and Cameron Poetzscher. "Tennessee Valley Authority: Option Purchase Agreements." Harvard Business School Case 296-038, January 1996. (Revised February 1997.) View Details
Tufano, Peter, and Cameron Poetzscher. "Student Educational Loan Fund, Inc." Harvard Business School Case 296-046, December 1995. (Revised February 1997.) View Details
Tufano, Peter, Robert Santangelo, and Cameron Poetzscher. "Financial Engineering and Tax Risk: The Case of Times Mirror PEPS." Harvard Business School Background Note 297-056, December 1996. View Details
Tufano, Peter, and Cameron Poetzscher. "Aspen Technology, Inc.: Currency Hedging Review." Harvard Business School Case 296-027, October 1995. (Revised July 1996.) View Details
Tufano, Peter, and Cameron Poetzscher. "ABN-AMRO Holding N.V. and Smit Transformatoren N.V. (A)." Harvard Business School Case 296-030, October 1995. (Revised June 1996.) View Details
Tufano, Peter. "Shearson Lehman Hutton, Inc. (B): Euromarket Covered Warrant Execution." Harvard Business School Case 291-017, November 1990. (Revised May 1996.) View Details
Luehrman, Timothy A., Peter Tufano, and Barbara Wall. "MW Petroleum Corporation (B)." Harvard Business School Case 295-045, February 1995. (Revised April 1996.) View Details
Lerner, Josh, and Peter Tufano. "ALZA and Bio-Electro Systems (B1): Rights Offering Strategy." Harvard Business School Supplement 293-125, April 1993. (Revised February 1996.) View Details
Lerner, Josh, and Peter Tufano. "ALZA and Bio-Electro Systems (B2): The Rights Offering." Harvard Business School Supplement 293-126, April 1993. (Revised February 1996.) View Details
Lerner, Josh, and Peter Tufano. "ALZA and Bio-Electro Systems (C): 1988-92." Harvard Business School Supplement 293-127, April 1993. (Revised February 1996.) View Details
Tufano, Peter, and Jon Headley. "Union Carbide Corporation: Interest Rate Risk Management." Harvard Business School Case 294-057, February 1994. (Revised February 1996.) View Details
Lerner, Josh, and Peter Tufano. "ALZA and Bio-Electro Systems (A): Technological and Financial Innovation." Harvard Business School Case 293-124, April 1993. (Revised October 1995.) View Details
Tufano, Peter. "American Barrick Resources Corporation: Managing Gold Price Risk." Harvard Business School Case 293-128, April 1993. (Revised October 1995.) View Details
Tufano, Peter. "Goldman, Sachs & Co.: Nikkei Put Warrants--1989." Harvard Business School Case 292-113, February 1992. (Revised September 1995.) View Details
Tufano, Peter, and Sanjay Bhatnagar. "Enron Gas Services." Harvard Business School Case 294-076, March 1994. (Revised September 1995.) View Details
Tufano, Peter, and Barbara Kyrillos. "Leland O'Brien Rubinstein Associates, Inc.: SuperTrust." Harvard Business School Case 294-050, June 1994. (Revised September 1995.) View Details
Tufano, Peter, and Barbara Kyrillos. "Leland O'Brien Rubinstein Associates, Inc.: Portfolio Insurance." Harvard Business School Case 294-061, February 1994. (Revised September 1995.) View Details
Tufano, Peter. "RJR Nabisco Holdings Capital Corp.--1991." Harvard Business School Case 292-129, June 1992. (Revised June 1995.) View Details
Edleson, Michael E., and Peter Tufano. "Arbitrage in the Government Bond Market?" Harvard Business School Case 293-093, January 1993. (Revised June 1995.) View Details
Tufano, Peter, and Jon Headley. "Interest Rate Derivatives." Harvard Business School Background Note 294-095, March 1994. (Revised June 1995.) View Details
Tufano, Peter. "Shearson Lehman Hutton, Inc. (A): Entry into the Covered Warrant Business." Harvard Business School Case 291-016, November 1990. (Revised June 1995.) View Details
Luehrman, Timothy A., Peter Tufano, and Barbara Wall. "MW Petroleum Corporation (A)." Harvard Business School Case 295-029, November 1994. (Revised November 1994.) View Details
Tufano, Peter, and Jon Headley. "Dell Computer Corporation." Harvard Business School Case 294-051, January 1994. (Revised July 1994.) View Details
Tufano, Peter. "Atlantic Corp." Harvard Business School Case 286-004, July 1985. (Revised July 1990.) View Details

Other Publications and Materials

Tufano, P. "A New Model Of Business Education." Poets & Quants (January 23, 2019). View Details
Tufano, P. "Impact Should Be Included in Promotion and Tenure Criteria." Times Higher Education (November 18, 2019). View Details
Tufano, P. "A Bolder Vision for Business Schools." Harvard Business Review Digital Articles (March 11, 2020). View Details
Tufano, P. "Decent Leadership for 2020." LinkedIn Pulse (August 21, 2020). View Details
Tufano, Peter, and Daniel Schneider. "Missing Voices in the Child Tax Credit Frenzy—Parents." The Hill (August 2, 2021). View Details
Neuhaus, Bob, Daniel Schneider, and Peter Tufano. "New Child Tax Credit Should Be a Call to Action for Banks." American Banker (August 13, 2021). View Details

Research Summary

Overview

Tufano’s research has focused on financial innovation and financial engineering—and for more than two decades, household finance. While he continues to study these topics, his current primary research is on corporate duties and climate finance. On corporate duties, his recent study with Belen Villalonga (NYU) and Boya Wang examines how ownership structure is related to firms’ ESG preferences. In another project, he is studying how people in 14 countries view the responsibilities of business. On climate change, with Professors Serafeim and Toffel, he is co-leading the D^3 Sustainability Impact Lab. In particular, he is currently studying the goals, structures and accomplishments of climate alliances, including their relationship to anti-trust and competition laws.

Keywords: Financial Innovation; Financial Engineering; Household Finance; Leadership Transitions

Teaching

Overview

At HBS in 2022-23, Tufano is designing and will teach a new multi-school doctoral course, The Financial Economics of Climate and Sustainability. This novel course, taught with professors from Yale, Columbia, Stanford, Texas, Imperial, and Oxford features leading researchers working together to train doctoral students and to assemble a global community of climate finance scholars. He will be supporting Eleanor Laurans and Jim Mattheson on a new SIP, Climate Entrepreneurship: The need and the opportunity for entrepreneurship in the climate fight. He will also be teaching the MBA RC course, Leadership and Corporate Accountability. As Oxford, Tufano made systems change a core part of the MBA curriculum, collaborating with colleagues from across the University. He championed and was part of the teaching team for Global Opportunities and Threats: Oxford (GOTO), where students learn how to analyze and map systems, identify intervention points to lead to systemic change, and work on self-designed projects to effect this change. At Oxford he also taught in the inaugural online course on FinTech. Prior to leaving HBS to join Oxford, Tufano created and taught courses on Corporate Financial Engineering, Household Finance (joint with Harvard Law School), and lead the team that created the required course, Finance 2.

Awards & Honors

Attendee at the World Economic Forum and Global Agenda Councils, 2016–2020.

Honorary Fellow of St. Benet's Hall at University of Oxford.

Fellow of the Academy of Social Sciences (FAcSS).

Won the 2016 Faculty Pioneer Award for Institutional Leadership from the Aspen Institute.

Inducted into the Monticello (NY) Hall of Distinction, 2016.

Named one of the GQ 100 Most Connected Men in Britain, 2015.

Received the Apgar Award for Innovation in Teaching in 2002 and 2009.

Received the Robert F. Greenhill Award in 1997, 2001, and 2011.

Winner of the 1996 Smith Breeden Prize for Outstanding Paper in the Journal of Finance for "Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry" (September 1996).

Named Dean's Doctoral Fellow at Harvard Business School, 1985–1988.

Member of Phi Beta Kappa, 1979.

Additional Information