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- All HBS Web (379)
- Faculty Publications (133)
Show Results For
- All HBS Web (379)
- Faculty Publications (133)
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- June 2011 (Revised September 2011)
- Case
Two Key Decisions for China's Sovereign Fund
By: Robert C. Pozen and Xiaoyu Gu
The China Investment Corporation (CIC) was China's sovereign wealth fund (SWF), established with $200 billion of registered capital in September 2007 to diversify China's foreign exchange holdings and increase risk-adjusted returns on those assets. CIC was unusual in...
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Keywords:
Business Subsidiaries;
Business Growth and Maturation;
Decisions;
Capital;
Investment Banking;
Investment Funds;
Corporate Social Responsibility and Impact;
Ownership;
Business and Shareholder Relations;
Risk and Uncertainty;
Wealth;
Expansion;
Financial Services Industry;
China;
United States
Pozen, Robert C., and Xiaoyu Gu. "Two Key Decisions for China's Sovereign Fund." Harvard Business School Case 311-137, June 2011. (Revised September 2011.)
- November 2002 (Revised June 2003)
- Case
China's Rural Leap Forward
By: Bruce R. Scott and Jamie Matthews
Collectively owned township and village enterprises (TVEs) played a pivotal role in China's rapid growth during the 1980s and 1990s. Although they originated in the policies and institutions of the Maoist era, TVEs thrived only after Deng Xiaoping's economic reforms...
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Keywords:
Business and Government Relations;
Public Sector;
Public Ownership;
Development Economics;
Governing Rules, Regulations, and Reforms;
Macroeconomics;
Emerging Markets;
China
Scott, Bruce R., and Jamie Matthews. "China's Rural Leap Forward." Harvard Business School Case 703-024, November 2002. (Revised June 2003.)
- 31 Jul 2017
- HBS Case
It’s Hard to Fix the Family Business Without Offending the Family
notes, the uncle’s experience and institutional knowledge offer huge potential benefits—but Tam isn’t sure how accepting he will be to the proposed changes. “When his father managed the food flow, they were fast,” Schlesinger says. “Now...
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- March 2016 (Revised May 2021)
- Case
Michael Milken: The Junk Bond King
By: Tom Nicholas and Matthew G. Preble
Michael Milken, an investment banker who dominated the junk bond market in the 1980s, was sentenced to jail in 1990 after pleading guilty to a number of securities and tax-related felonies. In the preceding decade, Milken had helped usher in a new wave of leveraged buy...
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Keywords:
Junk Bonds;
High-yield Bonds;
Financial Innovation;
Shareholder Value;
Bonds;
Capital;
Capital Structure;
Cost of Capital;
Crime and Corruption;
Entrepreneurship;
Ethics;
Finance;
Investment Banking;
Leveraged Buyouts;
Mergers and Acquisitions;
Ownership;
Private Equity;
Restructuring;
United States
Nicholas, Tom, and Matthew G. Preble. "Michael Milken: The Junk Bond King." Harvard Business School Case 816-050, March 2016. (Revised May 2021.)
- 19 Jun 2018
- First Look
New Research and Ideas, June 19, 2018
coupled with collaboration between companies is value enhancing. However, collaboration between companies is notoriously difficult and fragile requiring commitment mechanisms. I suggest that a small set of large institutional investors,...
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Keywords:
Dina Gerdeman
- 07 Sep 2011
- First Look
First Look: Sept. 7
the global financial system, environmental degradation, and inadequate government and international institutions are just a few of the forces that threaten to disrupt global market capitalism in the decades ahead. In conversations with...
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Keywords:
Sean Silverthorne
- 21 Feb 2005
- Op-Ed
Is Business Management a Profession?
Repeated and, as of this writing, ongoing revelations of corporate wrongdoing over the past two years have eroded public trust in business institutions and executives to levels not seen in decades. A recent Gallup poll indicates that...
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- Research Summary
Overview
My focus is empirical financial accounting research, with particular interests in governance, valuation, M&A, and short-sellers. All three of my papers to date fall under the broad heading of “alternative governance mechanisms”—studies of how accounting information is...
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- Research Summary
Overview
My focus is empirical financial accounting research, with particular interests in governance, valuation, M&A, and short-sellers. All three of my papers to date fall under the broad heading of “alternative governance mechanisms”—studies of how accounting information is...
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- 16 May 2005
- Research & Ideas
Nonprofit Networking: The New Way to Grow
survey done on nonprofit leaders, managers often cited a preference for growth by branching, i.e., replicating the organization from one site to another and maintaining central control and ownership of the new units. What Wei-Skillern and...
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Keywords:
by Martha Lagace
- June 2021
- Technical Note
SPAC Space
By: John R. Wells and Benjamin Weinstock
In 2020, over half of all initial public offerings (IPOs) in the United States were special purpose acquisition companies (SPACs), blank-check companies that typically had two years to find a business to take public, usually through a reverse merger. Together, 248...
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Keywords:
Special Purpose Acquisition Companies;
SPACs;
Mergers and Acquisitions;
Going Public;
Initial Public Offering;
Investment;
Strategy
Wells, John R., and Benjamin Weinstock. "SPAC Space." Harvard Business School Technical Note 721-456, June 2021.
- May 2016
- Case
The Inexorable Rise of Walmart? 1988—2016
By: John R. Wells and Gabriel Ellsworth
In October 2015, Walmart surprised investors by announcing that it expected flat sales growth for 2015 and growth of only 3% to 4% over the coming three years. Profits would also fall due to significant investments in people and technology. The company’s stock price...
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Keywords:
Asda;
Costco;
David Glass;
Convenience Stores;
Discount Retailing;
Dollar Stores;
Doug McMillon;
E-commerce;
Online Retail;
General Merchandise;
Grocery;
Lee Scott;
Mike Duke;
Multichannel Retailing;
Omnichannel;
Neighborhood Market;
Sam Walton;
Sam's Club;
Store Formats;
Supercenter;
Supermarket;
Warehouse Clubs;
Merchandising;
Walmart;
Wal-Mart;
Globalized Firms and Management;
Competitive Strategy;
Corporate Strategy;
Growth and Development Strategy;
Business Units;
Business Divisions;
Business Growth and Maturation;
Business Model;
Business Organization;
For-Profit Firms;
Film Entertainment;
Television Entertainment;
Banks and Banking;
Price;
Profit;
Revenue;
Food;
Global Range;
Cross-Cultural and Cross-Border Issues;
Global Strategy;
Business History;
Compensation and Benefits;
Employees;
Human Capital;
Labor Unions;
Wages;
Business or Company Management;
Goals and Objectives;
Management Succession;
Brands and Branding;
Product Positioning;
Distribution;
Supply Chain;
Supply Chain Management;
Public Ownership;
Problems and Challenges;
Labor and Management Relations;
Strategy;
Adaptation;
Business Strategy;
Competition;
Competitive Advantage;
Diversification;
Expansion;
Segmentation;
Information Technology;
Internet;
Mobile Technology;
Online Technology;
Web;
Web Sites;
Retail Industry;
Food and Beverage Industry;
Distribution Industry;
Banking Industry;
United States;
Arkansas;
Bentonville
Wells, John R., and Gabriel Ellsworth. "The Inexorable Rise of Walmart? 1988—2016." Harvard Business School Case 716-426, May 2016.
- 12 Oct 1999
- Research & Ideas
Porter’s Perspective: Competing in the Global Economy
interconnected companies, specialized suppliers, service providers, firms in related industries, and associated institutions in particular fields that compete but also cooperate") in your 1990 book The Competitive Advantage of...
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Keywords:
Re: Michael E. Porter
- 17 Nov 2015
- Lessons from the Classroom
How Activist Investors Became Respectable
influence that activist investors such as Icahn are gaining on Wall Street.) Carl Icahn made news last month when he announced he had accumulated a large ownership stake in American International Group (AIG) and said he wanted the company...
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- 15 Nov 2001
- Research & Ideas
Five Questions for Paul Gompers and Josh Lerner
venture capitalists want more from their clients in terms of an ownership stake or in terms of meeting tougher performance benchmarks? Gompers and Lerner: Many of the changes in the venture capital industry over the past eighteen months...
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- 17 Jun 2002
- Research & Ideas
Entrepreneurship in Asia and Foreign Direct Investment
Barron's Business Terms, FDI is "investment in a country by foreign citizens, often involving majority stock ownership of an enterprise." Huang is looking deeper into how and why FDI played quite different roles in these four...
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Keywords:
by Martha Lagace
- 30 Jan 2017
- Research & Ideas
Vanguard, Trian And The Problem With 'Passive' Index Funds
need to get shareholders more engaged? What shape should the separation of management and ownership take in the twenty-first century?” “We are now in a situation where index investors are the major shareholders in most of the large- and...
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- 07 Apr 2015
- First Look
First Look: April 7
in the capital structure of bankrupt firms according to their institutional type and track them from the initial filing until the vote on the plan of reorganization. We document several novel facts about the role of different View Details
Keywords:
Sean Silverthorne
- 22 Sep 2014
- Op-Ed
Online Banks Fill Funding Needs for Small Business
always been alternative forms of loan capital available, including credit unions, Community Development Financial Institutions (CDFIs), merchant cash advances, equipment leasing and factoring products. “Alternative players have the...
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- 03 Apr 2006
- Research & Ideas
The Competitive Advantage of Global Finance
consequence of these developments, these firms now face a wide variety of governmental regulations and institutional environments around the world. In short, tightly integrated global operations with a rising reliance on foreign...
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