Boris Vallee - Working Knowledge - Harvard Business School

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28 Mar 2018
Research & Ideas

Sophisticated Investors May Be Harming Fintech Lending Platforms

by Dina Gerdeman

A study by Boris Vallee and Yao Zeng says savvy investors on peer-to-peer lending platforms are upsetting a delicate balance that makes those systems work for borrowers. Open for comment; Comment(s) posted.

15 Feb 2018
Working Paper Summaries

Can Financial Innovation Solve Household Reluctance to Take Risk?

by Laurent Calvet, Claire Celerier, Paolo Sodini, and Boris Vallée

Structured products are an innovative class of retail financial products with option-like features. This paper provides empirical evidence suggesting that innovative financial products like these can help alleviate loss aversion and thus the low participation of households in risky asset markets.

31 Jan 2017
Research & Ideas

Why These Business School Professors Oppose Trump's Executive Order on Immigration

by Staff

More than 14,800 professors at United States colleges and universities —including some 50 Nobel laureates— signed a petition opposing President Donald Trump’s Executive Order on immigration. Signatories from Harvard Business School explain their opposition. Open for comment; Comment(s) posted.

12 Nov 2015
Working Paper Summaries

Catering to Investors Through Product Complexity

by Boris Vallee & Claire Célérier

This paper investigates the rationale for issuing complex securities to retail investors.

11 Feb 2015
Research & Ideas

Politicians Benefited From Using Toxic Loans

by Carmen Nobel

A new study by Boris Vallée and Christophe Pérignon offers evidence that local politicians in France (and probably elsewhere) used high-risk loans for political gain in the years leading up to the recent financial crisis. The strategy worked: Toxic loans helped mayors get reelected. Open for comment; 3 Comment(s) posted.

15 Sep 2014
Research & Ideas

Are the Most Talented Employees the Highest Paid? Yes—If They’re Bankers

by Carmen Nobel

A recent study by Claire Célérier and Boris Vallée finds that the French finance industry compensates employees largely according to how talented they are. Other high-paying industries? Not so much. Closed for comment; 17 Comment(s) posted.

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