Financials - Publications - Faculty & Research

12 Jun 2019
Research & Ideas

Investors Have More Than Money to Offer Entrepreneurs

financial management advice. But startups often run into issues outside those categories, everything from what to ask potential hires in a job interview to analyzing sales funnels. Experienced investors have likely run into those issues... View Details

Keywords: by Julia Austin

01 Mar 2023
News

March 2023 Alumni and Faculty Books

Edited by Margie Kelley Alumni Books Invisible Trillions: How Financial Secrecy Is Imperiling Capitalism and Democracy—and the Way to Renew Our Broken System By Raymond W. Baker (MBA 1960) Berrett-Koehler Publishers Over the last half... View Details

Keywords: Publishing Industries (except Internet); Information

2013
Chapter

Behavioral Corporate Finance: A Current Survey

By: Malcolm Baker and Jeffrey Wurgler

We survey the theory and evidence of behavioral corporate finance, which generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses to securities mispricing. The... View Details

Keywords: Managerial Roles; Theory; Corporate Finance; Financial Management; Investment; Market Timing; Behavioral Finance; Prejudice and Bias; Economics; Forecasting and Prediction

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May 2010
Case

Alpen Bank: Launching the Credit Card in Romania

By: V. Kasturi Rangan and Sunru Yong

In 2006, the country manager for Alpen Bank in Romania, Gregory Carle, considers whether to recommend the launch of a credit card business. The firm rejected the idea several years earlier because of poor economic conditions in Romania. However, Romania is experiencing... View Details

Keywords: Consumer Credit; International Business; International Marketing; Product Introduction; Service Management; Credit Cards; Globalized Firms and Management; Product Positioning; Marketing Strategy; Service Delivery; Personal Finance; Product Launch; Banking Industry; European Union; Romania

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Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

Introduction Prelude to the Option Pricing Model The Formula The Spread and Adoption of Option Pricing Models The Significance and Consequences of Financial Models Selected Bibliography Lenders to the Exhibit Additional Information About... View Details

March 2008 (Revised July 2009)
Case

U.S. Subprime Mortgage Crisis: Policy Reactions (A)

By: Laura Alfaro and Renee Kim

By March 2008, the U.S. Government and the U.S. Federal Reserve Board had taken various policy measures over the last few months to tackle the subprime mortgage crisis that threatened to drag the economy into a recession. The Bush administration approved a fiscal... View Details

Keywords: Financial Crisis; Inflation and Deflation; Central Banking; Mortgages; Policy; Business and Government Relations; United States

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October 2016 (Revised January 2017)
Supplement

Bally Total Fitness (B): The Fall, 2005–2016

By: John R. Wells and Gabriel Ellsworth

By many measures the largest health-club chain in the United States in the early 2000s, Bally Total Fitness sold most of its remaining fitness clubs to 24 Hour Fitness in 2014 and disappeared from the industry top 100 rankings. After Bally was bedeviled by accounting... View Details

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10 Jan 2005
Research & Ideas

Professors Introduce Valuation Software

financial data to perform accounting analysis, ratio analysis, forecasted financials, and valuation. It also provides benchmarking for comparable firms. It was created by Harvard Business School faculty Krishna Palepu and Paul Healy, in... View Details

Keywords: by Sean Silverthorne

February 2002 (Revised May 2003)
Case

Endeca Technologies (A)

By: G. Felda Hardymon, Josh Lerner and Ann Leamon

Steve Papa, CEO of Endeca Technologies, must decide among two term sheets raising the same amount of badly needed money for his young software company. One deal is led by insiders and, is offered at a lower price. It continues a board that has worked very well and... View Details

Keywords: Venture Capital; Cost vs Benefits; Financial Condition; Financing and Loans; Management Skills; Financial Strategy; Corporate Finance; Decision Choices and Conditions; Information Technology Industry

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CFO Letter - Annual Report 2019

Financials From the Chief Financial Officer 3ms Harvard Business School’s economic model performed impressively in fiscal 2019. For the fifth consecutive year, revenues grew faster than expenses, resulting... View Details

Profile

Alexandra Stanek

understanding financial statements, accounting, all the fundamentals managers need. But the larger virtue of HBS is that it’s a place to be challenged. To be in a setting with 90 very sharp people and be able to speak up and represent a... View Details

Keywords: Consulting

Profile

Michael O. Braimah

A natural affinity for commerce, coupled with friendships with Howard peers pursuing careers in finance, inspired Michael Braimah to seek an internship with Credit Suisse on Wall Street in the summer of 2006. Just as the first cracks began to appear in the View Details

24 Oct 2023
Blog Post

Alumni in Climate Networking Series: San Francisco

of 2003) Chief Operating Officer at Generate Capital The panelists discussed their views on the evolution of the climate investment landscape and how investments have changed from the first wave of investments in renewable energy in the early 2000s to today. They... View Details

01 Dec 2008
News

Innovation as P&G’s Key

IDEO, we are told to speak in visual terms, use props, and let the conversation flow into “odd territory.” Also helpful is a look inside P&G’s quarterly and annual innovation reviews, which answer such questions as “How robust is my innovation portfolio?” and “Is it... View Details

Keywords: Sean Silverthorne; Food Manufacturing; Manufacturing; Miscellaneous Manufacturing; Manufacturing

02 Apr 2019
News

Remembering William Wilder

Canadians by endowing the William P. Wilder (MBA 1950) Fellowship and by helping to spearhead the HBS Canadian Initiative, which provides financial assistance to admitted Canadian students. Wilder is survived by his wife of 65 years,... View Details

01 Sep 2008
News

Totting Up the Bill for the Iraq War

actual financial cost of operating the Afghanistan and Iraq wars at $2.7 trillion. (Before the wars, the Bush White House estimated the bill would be $50 billion.) Next comes a question: What could we have done with the money had we not... View Details

Keywords: Sean Silverthorne; National Security and International Affairs; Government

01 Dec 2009
News

When More Is Better

example, a Financial Times article last April about Robert Goodwin (GMP 3, 2007), the CEO of a new nonprofit organization that links experienced businesspeople with humanitarian projects in developing countries, led to this issue’s... View Details

Keywords: meta