Publications

SSRN

August 2017
Case

Turkish Economy Bank and Fortis Bank: Managing a Complex Merger

By: Stuart C. Gilson, Esel Çekin and Sarah L. Abbott

Following the announcement of the merger of the Turkish Economic Bank (TEB) and Fortis Bank AS, Varol Civil, TEB's CEO, is faced with the task of executing the merger of these two entities. First, all parties must agree to the economic terms of this merger; a process... View Details

Keywords: M＆A; Turkey; Banking; Restructuring; Financial Institutions; Change Management; Mergers and Acquisitions; Banking Industry; Turkey

December 2014
Case

Louis Dreyfus Commodities

By: David E. Bell

Louis Dreyfus Commodities (LDC or Dreyfus) is the D of the ABCD grain-trading giants. The case describes how their business works and details the strategy by which management turned the company around in recent years. The case presents a number of issues facing the... View Details

Keywords: Commodities; Commodity Trading; Agriculture; Agribusiness; Plant-Based Agribusiness; Goods and Commodities; Financial Markets; Business Strategy; Product Marketing

December 2008 (Revised February 2017)
Case

Olam International

By: David E. Bell and Mary Shelman

In 20 years, Sunny Verghese had built Singapore-based Olam International from a small Nigerian export company into a $5 billion global leader in agricultural commodities with a core competence in Africa. Olam's growth had come by pursuing product and geographic... View Details

Keywords: Financial Crisis; Trade; Growth and Development Strategy; Supply Chain; Expansion; Agriculture and Agribusiness Industry; Africa; Singapore

May 1992 (Revised May 1993)
Case

World Bank: Mission Uncertain

By: George C. Lodge

Keywords: Banks and Banking; Mission and Purpose; Business and Government Relations

Find at Harvard

October 1994 (Revised November 1994)
Case

Alcoma: The Strategic Use of Frozen Concentrated Orange Juice Futures

By: Ray A. Goldberg, Phil Herndon and Katherine L. Morris

Increases in orange tree production led to an orange juice surplus. How does one manage price risk in the orange juice industry under these conditions? View Details

Keywords: Hedging; Plant-Based Agribusiness; Price; Risk Management; Futures and Commodity Futures; Food and Beverage Industry

1999
Other Unpublished Work

Ownership and Control in Entrepreneurial Firms: An Examination of Convertible Securities in Venture Capital Investment

By: Paul A. Gompers

Keywords: Business Startups; Ownership; Management; Debt Securities; Venture Capital

Keywords: Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

01 Mar 2017
News

What’s New in Educational Innovation? A Few Highlights

first-year MBA students. The bootcamp uses a learning-by-doing approach to build skills required to succeed as an early-stage entrepreneur. Other topics such as coding and financial analysis are planned for future programs. HBX Two New... View Details

11 May 2016
News

World Bank Vice President and Treasurer: Negative Rates Not the Answer

and the European Central Bank as lenders who have already adopted negative rates. Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group Inc., echoes Oteh’s warning in the article, arguing that the policy will “gradually undermine... View Details

01 Sep 2003
News

Jonathan Mariner

Mariner Photo courtesy Jonathan Mariner “There aren’t many activities that bring a community together so quickly — without respect to age, race, and gender lines — as a winning ball club,” observes Jonathan D. Mariner, the veteran sports executive who has served as... View Details

Keywords: Deborah Blagg; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment

01 Sep 2003
News

Sharon Patrick

Sharon L. Patrick draws a bright line between the financials of a business and its architecture — its economics and business model. It’s the latter that tells her what makes the financials tick and drives... View Details

Keywords: Susan Young; Finance; News, Library, Internet, and Other Services; Information

01 Sep 2010
News

Noted & Quoted

also be a statutory cap on leverage, a maximum speed limit, if you will, that regulators can’t loosen.” — HBS professor David Moss commenting on the need for financial reform legislation to place limits on the amount banks can borrow for... View Details

01 Mar 2013
News

Sea of Dreams

he wasn't given the proper safety equipment. But Heinandez was unable to complain or find alternative employment because of his legal status: He was an undocumented worker. The financial crisis of 2008 added new dimensions to the story.... View Details

Keywords: Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles

Article

Did Bank Distress Stifle Innovation During the Great Depression?

By: Ramana Nanda and Tom Nicholas

We find a negative relationship between bank distress and the level, quality, and trajectory of firm-level innovation during the Great Depression, particularly for R&D firms operating in capital intensive industries. However, we also show that because a sufficient... View Details

Keywords: Great Depression; R＆D; Bank Distress; Patents; Research and Development; Financial Crisis; Banks and Banking; Innovation and Invention; Banking Industry; United States