Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Global
  • Regional Activities
    • Regional Activities
      • Africa
      • Asia-Pacific
      • California
      • Europe
      • Japan
      • Latin America
      • Mid-US
      • Middle East & North Africa
      • South Asia
  • About
  • Faculty & Research
  • MBA Experience
  • Executive Education
  • Alumni
  • …→
  • Harvard Business School→
  • Global→
  • Faculty & Research
    • Faculty & Research
    • Research
    →

Faculty & Research

Facilitating faculty research and case development on an international scale

 

Our unprecedented network of research centers and regional offices in key areas of the world enable faculty to work with leaders, industry, government, and academia worldwide, and to learn from business challenges and innovations wherever they occur. Through sustained work in the field, faculty are provided the opportunity to immerse themselves in the culture and values – as well as intricacies and nuances – that lead to truly meaningful and insightful global research.

Research Centers & Offices

More than half the faculty are actively involved in international research, developing high-impact cases and course materials on relevant global issues and innovations.
Find a Center / Office
  • Find a Center / Office
  • Africa Research Center
  • Asia-Pacific Research Center
  • California Research Center
  • Cairo Office
  • Dubai Office
  • Europe Research Center
  • Harvard Center Shanghai
  • India Research Center
  • Japan Research Center
  • Lagos Office
  • Latin America Research Center – Montevideo
  • Latin America Research Center – São Paulo
  • Mexico City Office
  • Mid-US Research Office
  • Middle East and North Africa Research Center
  • Nairobi Office
  • Singapore Office
  • Tel Aviv Office

New Research

  • June 2023
  • Article
  • Journal of Financial Economics

Why Is Dollar Debt Cheaper? Evidence from Peru

By: Bryan Gutiérrez, Victoria Ivashina and Juliana Salomao

In emerging markets, a significant share of corporate loans are denominated in dollars. Using novel data that enables us to see currency and the cost of credit, in addition to several other transaction-level characteristics, we re-examine the reasons behind dollar credit popularity. We find that a dollar-denominated loan has an interest rate that is 2% lower per year than a loan in Peruvian Soles. Expectations of exchange rate movements do not explain this difference. We show that this interest rate differential for lending rates is closely matched by the differential in the deposit market. Our results suggest that the preference for dollar loans is rooted on the local household preference for dollar savings and a banking sector that is closely matching its foreign assets and liabilities. We find that borrower competitive pressure increases the pass-through of this differential.

  • May 2023
  • Teaching Material

Alicia Keys and Swizz Beats Video Supplement Playlist

By: Boris Groysberg

  • May 2023
  • Teaching Material

Sian Flowers: Fresher by Sea - Video Supplement

By: Willy C. Shih

The setting for this case is the Sian Flowers, a company headquartered in Kitengela, Kenya that exports roses to predominantly Europe. Because cut flowers have a limited shelf life and consumers want them to retain their appearance for as long as possible, Sian or its distributors used international air cargo to transport them to Amsterdam, where they were sold at auction or trucked to markets across Europe. The Covid-19 pandemic caused huge increases in the cost of shipping, so Sian launched experiments to ship roses by ocean using refrigerated containers. Chris Kulei, the Executive Director, was interested in not only the potential costs savings, but whether he could also market the reduced carbon footprint.

See all research
 

Global Colloquium for participant-centered learning

For senior faculty at top business schools in emerging economies who want to be trained in interactive methods of teaching and learning. GloColl comprises a seven-day session held on the HBS campus, followed by a three-day session held in two cities in Asia, Europe, or Latin America each year.
 
→More information

In The News

    • 13 Apr 2023
    • Economist

    Why Africa Is One of the Most Unequal Continents in the World

    Re: Marlous van Waijenburg
    • 15 Feb 2023
    • Workplace Report

    U.S. Layoffs Have Global Reach. Here’s How to Manage Them.

    Re: Sandra Sucher
    • 10 Feb 2023
    • Carnegie Council Podcast

    The Doorstep: India Rising, with Harvard's Prof. Tarun Khanna

    Re: Tarun Khanna
→More News
ǁ
Campus Map
Global Initiative
Harvard Business School
Boston, MA 02163
Email: global@hbs.edu
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College