- Princeton University Press
Patient Capital: The Challenges and Promises of Long-Term Investing /]Cvictoria Ivashina and Josh Lerner
Key Metrics
- Victoria Ivashina
- Princeton University Press
- Paperback
- 9780691217086
- 9.1 X 6 X 0.7 inches
- 0.85 pounds
- Business & Economics > Investments & Securities - General
- English
Book Description
How to overcome barriers to the long-term investments that are essential for solving the world's biggest problems
There has never been a greater need for long-term investments to tackle the world's most difficult problems, such as climate change, human health, and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capital--including pensions, sovereign wealth funds, university endowments, and wealthy individuals and families--will have to play a large role. In this accessible and authoritative account of long-term capital investment, two leading experts on the subject, Victoria Ivashina and Josh Lerner, highlight the significant hurdles facing long-term investors and propose concrete ways to overcome these difficulties.
Author Bio
Victoria Ivashina is the Lovett-Learned Chaired Professor of Finance and Head of the Finance Unit at Harvard Business School. Professor Ivashina is also the faculty chair of the Global Initiative for the Middle East and North Africa (MENA) region. She is a Research Associate at the National Bureau of Economic Research (NBER), a Research Fellow at the Center for Economic Policy Research (CEPR), and a Visiting Scholar at the Federal Reserve Bank of Boston and the European Central Bank.
She co-heads Harvard Business School’s Private Capital Initiative and Private Equity and Venture Capital (PEVC) executive education program. Professor Ivashina serves an Associate Editor of the Journal of Financial Economics and the Journal of Financial Intermediation.
Professor Ivashina’s research spans multiple areas of financial intermediation including corporate credit markets, leveraged loan market, global banking operations, asset allocation by pension funds and insurance companies, and value creation by private equity.
Her research has been published in the top journals in Finance and Economics and is regularly cited in media outlets. Professor Ivashina is the author of Patient Capital: The Challenges and Promises of Long-Term Investing and Private Equity: A Case Book . Since 2010, she has been teaching Private Equity Finance (PEF), an elective course in the Harvard Business School MBA program.
Professor Ivashina holds a Ph.D. in Finance from the NYU Stern School of Business and a B.A. in Economics from Pontificia Universidad Católica del Perú.
Source: Harvard Business School
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