Publications

15 Sep 2016
News

Harvard Business Faculty Report: Pessimism about the Future of the U.S. Economy Deepens; Political Dysfunction the Greatest Barrier to Strengthening U.S. Competitiveness

15 Jun 2021
News

The Value of Difficult Conversations

create a lot of tension.” Desai hopes the conversation about reparations will ripple out from the HBS classroom. To help make that happen, the School is offering for the first time a free pdf of the written case, and educators can also... View Details

Keywords: April White; Tulsa Massacre

18 Dec 2019
News

Thinking Smart About Numbers

Clubs News Clubs News Clubs Welcome Professor Desai The HBS Club of Toronto was one of several alumni clubs to host HBS and HLS Professor Mihir Desai during his 2019 tour for... View Details

Keywords: Margie Kelley

01 Jun 2017
News

Ink: Home Cooking, Secure Retirements, and Restoring Humanity to Finance

Harvard to work at a Hartford insurance company. As Desai explains, “[I]nsurance tries to make sense of the chaos of the human experience by capitalizing on patterns, and then creating pooling mechanisms for... View Details

Web

Credential of Leadership, Impact, and Management in Business | HBS Online

Christensen Distinguished Management Educator V.G. Narayanan Credential of Leadership, Impact, and Management in Business Thomas D. Casserly, Jr. Professor of Business Administration at Harvard Business School Mihir View Details

15 Sep 2016
News

US political system risks economic competitiveness, study finds

March 2008
Article

Market Reactions to Export Subsidies

By: M. A. Desai and James R. Hines Jr.

This paper analyzes the economic impact of export subsidies by investigating stock price reactions to a critical event in 1997. On November 18, 1997, the European Union announced its intention to file a complaint before the World Trade Organization (WTO), arguing that... View Details

Keywords: Economic Systems; Trade; Development Economics; Financial Markets; Profit; Taxation; Volume; Value Creation; Market Design; Business Subsidiaries; Utilities Industry; Financial Services Industry; Europe; North and Central America

SSRN

Find at Harvard

December 2004 (Revised April 2006)
Case

Nestle and Alcon--The Value of a Listing

By: Mihir A. Desai, Vincent Dessain and Anders Sjoman

In response to a perceived undervaluation by the capital markets, Nestle is considering divesting a part of its ophthalmology subsidiary, Alcon, and must decide on a listing location. In the process, students are challenged to wrestle with the valuation of a... View Details

Keywords: Business Conglomerates; International Finance; Corporate Entrepreneurship; Markets; Taxation; Business Subsidiaries; Valuation; Food and Beverage Industry; Health Industry; Europe; United States

November 2002 (Revised November 2006)
Case

Tax-Motivated Film Financing at Rexford Studios

By: Mihir A. Desai, Gabriel J. Loeb and Mark Veblen

The head of production for Rexford Studios must analyze the terms and value consequences of an international financing involving a German film fund. The financing involves a sale-leaseback structure where international tax rules give rise to a sizable economic pie that... View Details

Keywords: International Finance; Financing and Loans; Taxation; Cash Flow; Financial Strategy; Financial Management; Competition; Film Entertainment; Entertainment and Recreation Industry; Financial Services Industry; Germany

January 2001
Case

Valuing Project Achieve

By: Mihir A. Desai and Kathleen Luchs

Project Achieve is a start-up providing information management solutions for schools. Its founders see a need for software both to manage the volumes of information necessary to administer a school and to connect parents, teachers, and students in a more effective way.... View Details

Keywords: Business Startups; Valuation; Venture Capital; Cost of Capital; Cash Flow; Forecasting and Prediction

01 Jun 2003
News

Bottom-Line Discrepancies

On the one hand, your company did extremely well last year. You reported large profits to your shareholders. On the other hand, last year was very difficult for your company. Your tax returns showed losses. Such a scenario is more and more common, according to HBS... View Details

Keywords: Publishing Industries (except Internet); Information

August 2005
Background Note

Note on International Tax Regimes

By: Mihir A. Desai, Mark Veblen and Kathleen Luchs

Provides a framework for understanding different types of international tax regimes. Examines how alternative tax regimes tax the foreign income of their citizens (including corporate citizens); how tax regimes define foreign and domestic income; and how foreign tax... View Details

Keywords: Motivation and Incentives; Earnings Management; Nationality; Framework; Taxation; Profit; Globalization; Credit; United States

15 Oct 2008
First Look

First Look: October 15, 2008

for, aesthetic principles. Knowledge Work, Craft Work, and Calling Authors:Robert D. Austin and Lee Devin Publication:In Global Neighbors: Christian Faith and Moral Obligation in Today's Economy, edited by Douglas View Details

Keywords: Martha Lagace

07 Aug 2007
First Look

First Look: August 7, 2007

complete abandonment of the current system. Download the paper: http://papers.nber.org/papers/W13213 Institutional Tax Clienteles and Payout Policy Authors:Mihir A. Desai and Li Jin Abstract This paper... View Details

Keywords: Martha Lagace

10 Jan 2012
First Look

First Look: January 10

within markets: When sentiment is high, future returns are low on relatively difficult to arbitrage and difficult to value stocks. Private capital flows appear to be one mechanism by which sentiment spreads across markets and forms global... View Details

Keywords: Sean Silverthorne

2016
Report

Problems Unsolved and a Nation Divided: The State of U.S. Competitiveness 2016

By: Michael E. Porter, Jan Rivkin, Mihir Desai and Manjari Raman

In this report, the authors synthesize their views on U.S. competitiveness and unveil the findings of the 2016 HBS surveys on U.S. competitiveness. Specifically, the report documents the faltering performance of the U.S. economy and the erosion of America’s business... View Details

Keywords: U.S. Competitiveness; Competitive Strategy; Macroeconomics; Government and Politics; United States

Read Now

01 Aug 2001
News

Class Day and Commencement 2001

the Required Curriculum category were Michael E. Porter (Competition and Strategy) and Mihir A. Desai (Finance), who were joined by André F.... View Details

Keywords: Marcel Acosta; Colleges, Universities, and Professional Schools; Educational Services

February 2004
Case

Czech Mate: CME and Vladimir Zelezny (A)

By: Mihir A. Desai, Alberto Moel and Kathleen Luchs

This case examines how insiders can expropriate value from shareholders in emerging markets when property rights are ill-defined. As such, it provides a platform for considering how institutions and legal rules impact financing patterns and economic outcomes. CME,... View Details

Keywords: Developing Countries and Economies; Fairness; Financial Institutions; Corporate Governance; Rights; Ownership Stake