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Finance

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HBS Working Knowledge

Many Executives Are Afraid of Finance. Here's How They Can Gain Confidence

re Mihir A. Desai

Mihir Desai explains how managers can increase their understanding of how finance works. EXCERPT: Three valuation mistakes to avoid.

Reflexivity in Credit Markets

re Robin Greenwood and Samuel G. Hanson

Investors’ biases and market outcomes affect each other in a two-way feedback loop. This study develops a model of a credit market feedback loop, finding that when investors become more bullish this

Forgiving Student Loan Debt Leads to Better Jobs, Stronger Consumers

re Marco Di Maggio

Without the burden of student loan debt, people seek higher-paying careers, stabilize their finances, and contribute to the economy, says Marco Di Maggio.