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Show Results For
-
All HBS Web
(1,840)
- People (12)
- News (278)
- Research (1,016)
- Events (3)
- Multimedia (5)
- Faculty Publications (646)
- July 2001
- Technical Note
Technical Note on LBO Valuation (B): The Equity Cash Flow Method of Valuation using CAPM
Explains the equity cash flow method of valuation as it applies to leveraged buyouts. Also explains how to implement the changing cost of equity method using the CAPM.
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Keywords:
Leveraged Buyouts;
Forecasting and Prediction;
Cash Flow;
Cost of Capital;
Equity;
Valuation
Baldwin, Carliss Y. "Technical Note on LBO Valuation (B): The Equity Cash Flow Method of Valuation using CAPM." Harvard Business School Technical Note 902-005, July 2001.
- December 2019
- Teaching Note
Hony Capital and Jushi Group
By: Josh Lerner, Shai Bernstein and Ann Leamon
Teaching Note for HBS No. 820-040.
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- August 2001
- Case
Strategic Capital Management, LLC (C)
By: Mark L. Mitchell, Erik Stafford and Todd Pulvino
Supplements the (A) case.
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Keywords:
Risk and Uncertainty;
Business Subsidiaries;
Internet and the Web;
Investment Funds;
Price;
Performance Efficiency;
Capital Markets;
Auctions;
Investment Return;
Equity;
Planning;
Financial Services Industry
Mitchell, Mark L., Erik Stafford, and Todd Pulvino. "Strategic Capital Management, LLC (C)." Harvard Business School Case 202-026, August 2001.
- August 2001
- Case
Strategic Capital Management, LLC (B)
By: Mark L. Mitchell, Erik Stafford and Todd Pulvino
Supplements the (A) case.
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Keywords:
Risk and Uncertainty;
Business Subsidiaries;
Internet and the Web;
Investment Funds;
Price;
Performance Efficiency;
Capital Markets;
Auctions;
Investment Return;
Equity;
Planning;
Financial Services Industry
Mitchell, Mark L., Erik Stafford, and Todd Pulvino. "Strategic Capital Management, LLC (B)." Harvard Business School Case 202-025, August 2001.
- June 2015
- Article
The Capital Purchase Program and Subsequent Bank SEOs
By: Mozaffar N. Khan and Dushyantkumar Vyas
We find that in the aftermath of the recent financial crisis banks replenished only 12% of crisis-related losses through SEOs in 2009 and 2010. However, SEOs are disproportionately conducted by Capital Purchase Program (CPP) recipients, and this is not explained by CPP...
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Keywords:
Accounting;
Capital;
Equity;
Financial Crisis;
Banks and Banking;
Banking Industry;
United States
Khan, Mozaffar N., and Dushyantkumar Vyas. "The Capital Purchase Program and Subsequent Bank SEOs." Journal of Financial Stability 18 (June 2015): 91–105.
- Web
One-Year Action Plan Update - Advancing Racial Equity
News & Commentary 23 SEP 2021 One-Year Action Plan Update Dean Srikant Datar discusses the School’s Advancing Racial Equity action plan at the one-year mark—progress made so far, and where there is still work to do—with Professor Jan...
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- Web
Pathways to Inclusive Entrepreneurship - Race, Gender & Equity
across three topics: the state of inclusive entrepreneurship; the perspectives from capital creators; and the founders themselves. In each episode, Sanchez speaks with a wide range of players, including key educators, funders, and...
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- 06 Aug 2009
- Working Paper Summaries
Buy Local? The Geography of Successful and Unsuccessful Venture Capital Expansion
- 2011
- Working Paper
The First Deal: The Division of Founder Equity in New Ventures
By: Thomas F. Hellmann and Noam Wasserman
This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision of whether or not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of costly bargaining, where...
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Keywords:
Business Startups;
Decision Choices and Conditions;
Entrepreneurship;
Fairness;
Equity;
Managerial Roles;
Negotiation Deal;
Ownership Stake;
Value
Hellmann, Thomas F., and Noam Wasserman. "The First Deal: The Division of Founder Equity in New Ventures." NBER Working Paper Series, No. 16922, April 2011.
- 10 Feb 2017
- Working Paper Summaries
The Persistent Effect of Initial Success: Evidence from Venture Capital
- Fast Answer
First time investments in private equity and M&A.
How do I find first time investments in private equity? Use LSEG Workspace to identify first time private equity investments: Click on the Search Tools tab and select Private Equity/VC. Change the Entity Type to Investments. In the text...
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- September 2012 (Revised January 2013)
- Case
Martin Smith: July 2012
By: Josh Lerner and Felda Hardymon
Martin Smith, a recently hired general partner at a Brazil-based venture capital firm, must decide among three deal opportunities. Each has different strengths (management, market, and technology) but each has its own weaknesses as well. He must also consider each deal...
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- January 2019
- Article
Pay Now or Pay Later? The Economics within the Private Equity Partnership
By: Victoria Ivashina and Josh Lerner
The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain unclear. We examine 717 private equity partnerships and show that (a) the...
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Keywords:
Partnerships;
Leveraged Buyout;
Partners and Partnerships;
Private Equity;
Venture Capital;
Leveraged Buyouts
Ivashina, Victoria, and Josh Lerner. "Pay Now or Pay Later? The Economics within the Private Equity Partnership." Journal of Financial Economics 131, no. 1 (January 2019): 61–87.
- Research Summary
The Role of Financial and Information Intermediaries in the Capital Markets
Hutton's research investigates the role of financial analysts and short sellers in the pricing of equity securities. Recently, Hutton examines (with Patricia Dechow and Richard Sloan) the role of sell-side analysts' earnings forecasts in the pricing of common equity...
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- Fast Answer
Private Equity - Screening for Portfolio Operations Roles
Using Baker Library databases, it is possible to screen for firms that currently employ people in portfolio operations or in an operations department. Capital IQ Select Screening > Companies from the top menu bar. Under the...
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- 24 Feb 2014
- News
A Capital Idea for Small Business
Emeritus André Perold, who taught an investment management class and with whom Callaghan did research. Callaghan's subsequent career included portfolio management at Equitable Capital and hedge fund Odyssey Partners; small View Details
- December 2006 (Revised May 2008)
- Case
Lion Capital and the Blackstone Group: The Orangina Deal
By: G. Felda Hardymon, Josh Lerner and Ann Leamon
The managing partners of two private equity firms are hoping to forestall a third bidding round for a target company, the European beverage division of Cadbury Schweppes. As they wait to meet with the CEO, they revisit their assumptions on the deal and review the...
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Keywords:
Mergers and Acquisitions;
Private Equity;
Negotiation Deal;
Negotiation Process;
Partners and Partnerships;
Valuation;
Europe
Hardymon, G. Felda, Josh Lerner, and Ann Leamon. "Lion Capital and the Blackstone Group: The Orangina Deal." Harvard Business School Case 807-005, December 2006. (Revised May 2008.)
- September 2009 (Revised September 2010)
- Case
Avid Radiopharmaceuticals and Lighthouse Capital Partners
By: Matthew Rhodes-Kropf and Ann Leamon
In fall 2008, a venture lender must decide whether to make a loan to Avid, a small but promising venture-backed life sciences firm. In reviewing her proposal, Cristy Barnes considers the company's characteristics and how they differ from a typical investment. At the...
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Keywords:
Business Startups;
Decision Choices and Conditions;
Financial Crisis;
Venture Capital;
Private Equity;
Financing and Loans;
Investment;
Financial Services Industry;
Health Industry
Rhodes-Kropf, Matthew, and Ann Leamon. "Avid Radiopharmaceuticals and Lighthouse Capital Partners." Harvard Business School Case 810-054, September 2009. (Revised September 2010.)
- September 2011
- Article
Information Risk and Fair Value: An Examination of Equity Betas
By: Edward J. Riedl and George Serafeim
Using a sample of U.S. financial institutions, we exploit recent mandatory disclosures of financial instruments designated as fair value level 1, 2, and 3 to test whether greater information risk in financial instrument fair values leads to higher cost of capital. We...
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Keywords:
Forecasting and Prediction;
Assets;
Cost of Capital;
Financial Institutions;
Financial Instruments;
Corporate Disclosure;
Information;
Risk and Uncertainty;
Value;
United States
Riedl, Edward J., and George Serafeim. "Information Risk and Fair Value: An Examination of Equity Betas." Journal of Accounting Research 49, no. 4 (September 2011): 1083–1122.
- April 2020 (Revised July 2020)
- Case
Teton Capital Partners, LLC: Free Fallin'
Lietz, Nori Gerardo. "Teton Capital Partners, LLC: Free Fallin'." Harvard Business School Case 220-076, April 2020. (Revised July 2020.)