Publications

2005
Other Unpublished Work

An Empirical Approach to Understanding Privacy Valuation

By: Luc Wathieu and Allan Friedman

Read Now

2011
Other Unpublished Work

Height Taken but Worth Unknown: Valuation as an Institutional Process

By: R. Daniel Wadhwani and Mukti Khaire

Drawing on research from organizational studies, sociology, history, and anthropology, we develop a framework for understanding valuation as an institutional process in markets. We posit that three institutional elements—categories, criteria, and standards—are integral... View Details

Keywords: Interactive Communication; Markets; Standards; Situation or Environment; Perception; Valuation

August 2004
Class Lecture

Know Your Worth: Critical Valuations That Work

By: Richard S. Ruback

Keywords: Valuation

Find at Harvard

January 2010 (Revised March 2010)
Supplement

The Congressional Oversight Panel's Valuation of the TARP Warrants (B)

By: Carliss Y. Baldwin

The Congressional Oversight Panel wants to value the warrants issued to the government in connection with the TARP investments of 2008, in order to increase the transparency of options repurchases. The case describes the methodology used to value the warrants. This... View Details

Keywords: Financial Crisis; Investment; Public Opinion; Valuation; Banking Industry; Public Administration Industry; United States

30 Oct 2020
News

Billion-Dollar Valuations and Exits for Harvard-born Startups

2012. WHOOP, founded by Harvard College students at the i-lab in 2012, announced this week that it has raised a $100M Series E round at a valuation of more than $1 billion. "We will continue to make WHOOP the best product experience for... View Details

Research Summary

An Empirical Approach to Understanding Privacy Valuation

The purpose of this research is to detect the presence of sophisticated economic motives behind individual concerns for privacy. Recent theories of privacy demands in commercial contexts have assumed an economically aware and sophisticated consumer, capable of... View Details

October 2018
Background Note

Dogs of the Dow: Example Pfizer Valuation

February 2002 (Revised October 2002)
Case

Venture Capital Method: Valuation Problem Set Solutions

Presents the solutions to questions 1 through 4 of the problem set. To be handed out in class. A rewritten version of an earlier supplement. View Details

Keywords: Venture Capital; Valuation

18 May 2007
Working Paper Summaries

An Empirical Approach to Understanding Privacy Valuation

Keywords: by Luc Wathieu & Allan Friedman

2007
Working Paper

An Empirical Approach to Understanding Privacy Valuation

By: Luc Wathieu and Allan Friedman

Read Now

October 1987 (Revised January 2013)
Background Note

Note on Free Cash Flow Valuation Models

By: William A. Sahlman

Explores some of the issues involved in valuing cash flow streams. A simple model is presented that reveals the effect on value of changing assumptions about the appropriate discount rate, the level of profitability, the growth rate of sales, the asset intensity ratio,... View Details

Keywords: Cash Flow; Valuation

January 2010 (Revised October 2011)
Case

The Congressional Oversight Panel's Valuation of the TARP Warrants (A)

By: Carliss Y. Baldwin

The Congressional Oversight Panel wants to value the warrants issued to the government in connection with the TARP investments of 2008, in order to increase the transparency of options repurchases. The case describes the methodology used to value the warrants. Students... View Details

Keywords: Financial Crisis; Asset Pricing; Financial Instruments; Investment; Business and Government Relations; Mathematical Methods; Valuation; Banking Industry; Public Administration Industry; United States

March 2001 (Revised August 2001)
Exercise

Ginny's Restaurant: An Introduction to Capital Investment Valuation

An individual is considering the development of a new restaurant. To make the decision, she uses NPV analysis to determine whether she should undertake the investment, and, if so, the optimal size of the investment. View Details

Keywords: Valuation; Decision Making; Business Startups

2010
Working Paper

Valuation When Cash Flow Forecasts Are Biased

By: Richard S. Ruback

This paper focuses adaptations to the discount cash flow (DCF) method when valuing forecasted cash flows that are biased measures of expected cash flows. I imagine a simple setting where the expected cash flows equal the forecasted cash flows plus an omitted downside.... View Details

Keywords: Forecasting and Prediction; Cash Flow; Cost of Capital; Performance Expectations; Prejudice and Bias; Valuation