Publications

June 2004
Case

TechnoServe and the Tanzanian Specialty Coffee Industry

In 2003, TechnoServe, a U.S.-based, international, nonprofit organization, was deciding how to structure the capital investments required for Tanzanian business groups to acquire coffee bean central pulperies. This case explores the challenges of capital budgeting and... View Details

Keywords: Small Business; Nonprofit Organizations; Cash Flow; Emerging Markets; Financing and Loans; Capital Budgeting; Tanzania

January 1983 (Revised February 1988)
Case

Hospital Corp. of America (B)

By: W. Carl Kester

Focuses on HCAs financing options for reaching its target capital structure. The options include new equity conversion of convertible debentures, a debt-for-equity swap, the sale of assets, and fixed-rate debt. Students must address the problem of market timing and... View Details

Keywords: Assets; Capital Structure; Cash Flow; Equity; Debt Securities; Credit Derivatives and Swaps; Health Industry; United States

August 2004
Article

Capital Controls, Risk and Liberalization Cycles

By: Laura Alfaro and Fabio Kanczuk

The paper presents an overlapping-generations model where agents vote on whether to open or close the economy to international capital flows. Political decisions are shaped by the risk over capital and labor returns. In an open economy, the capitalists (old) completely... View Details

Keywords: Business Cycles; Development Economics; Voting; Risk and Uncertainty; Cash Flow; Saving; Investment; Economy; Wages

April 2010
Teaching Note

Jones Electrical Distribution (Brief Case)

By: Thomas R. Piper and Jeffrey DeVolder

Teaching Note for 4179. View Details

Keywords: Financial Analysis; Forecasting; Financing; Bank Loans; Analysis; Cash Flow; Forecasting and Prediction; Financing and Loans; Banks and Banking

01 Mar 2018
News

Making Sense of the Modern Startup

up front, given people a discount for paying a year’s worth of services in advance, and employed a number of other innovative tactics, the company turned cash-flow positive in its third week of operations and thereafter simply coined... View Details

Keywords: Jeffrey L. Cruikshank (PMD 51, 1986)

Web

Consolidated Balance Sheet - Financial Report 2015

Financials Consolidated Balance Sheet Statement of Activity & Cash Flows Consolidated Balance Sheet Supplemental Financial Information Assets IN MILLIONS for the Fiscal Year {FY} ended June 30... 2015 2014... View Details

Web

Consolidated Balance Sheet - Annual Report 2016

Financials Consolidated Balance Sheet 5-Year Data Summary CFO Letter Financial Highlights Statement of Activity & Cash Flows Consolidated Balance Sheet Supplemental Financial Information Assets IN MILLIONS... View Details

01 Dec 2009
News

Document Assesses Impact of Financial Crisis, Looks Ahead

Annual Report The economic crisis was a catalyst for radical shifts in budget management at HBS, which enabled the School to remain cash flow positive and conclude the year ended June 30, 2009, with a strong... View Details

Web

Supplemental Financial Information - Financial Report 2015

Financials Supplemental Financial Information Statement of Activity & Cash Flows Consolidated Balance Sheet Supplemental Financial Information page 2 of 2 Expenses The School’s total operating expenses for... View Details

Web

Retirement Plan or Life Insurance - Alumni

cost basis (whichever is less). Or you can name HBS as the beneficiary of your life insurance policy to benefit the School at your passing. Benefits May help reduce your income and estate taxes Doesn’t change your current cash View Details

April 2012
Article

Corporate Ownership Structure and Bank Loan Syndicate Structure

By: Chen Lin, Yue Ma, Paul Malatesta and Yuhai Xuan

Using a novel data set on corporate ownership and control, we show that the divergence between the control rights and cash-flow rights of a borrowing firm's largest ultimate owner has a significant impact on the concentration and composition of the firm's loan... View Details

Keywords: Ownership; Financing and Loans; Cash Flow; Borrowing and Debt; Accounting; Crisis Management; Relationships; Law; Contracts; Banking Industry

Find at Harvard

Read Now

April 2011
Article

Ownership Structure and the Cost of Corporate Borrowing

By: Chen Lin, Yue Ma, Paul Malatesta and Yuhai Xuan

This article identifies an important channel through which excess control rights affect firm value. Using a new, hand-collected data set on corporate ownership and control of 3,468 firms in 22 countries during the 1996-2008 period, we find that the cost of debt... View Details

Keywords: Borrowing and Debt; Cash Flow; Cost; Financing and Loans; Governance Controls; Ownership Stake; Business and Shareholder Relations

Find at Harvard

Read Now

Web

Consolidated Balance Sheet - Annual Report 2019

4,821 m. * In pursuit of greater comparability across the Harvard schools, the University has asked all the schools to report their net results in accordance with generally accepted accounting principles (GAAP) in the United States. In addition to results for fiscal... View Details

July 1996 (Revised June 2001)
Case

Atlantic Corporation-Abridged

By: Thomas R. Piper

A major paper company is considering acquiring the assets of a company that is threatened by a hostile takeover. The acquisition can be evaluated in terms of industry attractiveness, comparative advantage, and cash-flow analysis. View Details

Keywords: Projects; Cash Flow; Interest Rates; Valuation; Mathematical Methods; Horizontal Integration; Acquisition; Competitive Advantage; Aerospace Industry

Web

Five Year Data Summary - Financial Report 2015

Financials 5-Year Data Summary Statement of Activity & Cash Flows Consolidated Balance Sheet Supplemental Financial Information Financial Data IN MILLIONS for the Fiscal Year {FY} ended June 30... 2015 2014... View Details

November 1994 (Revised February 1996)
Case

Toy World, Inc.

By: W. Carl Kester

A shift from seasonal to level production of toys will change the seasonal cycle of Toy World's working capital needs and necessitate new bank credit arrangements. A rewritten version of an earlier case. View Details

Keywords: Working Capital; Business Cycles; Cash Flow; Forecasting and Prediction; Investment Funds; Financial Statements