E. Scott Mayfield
Senior Lecturer of Business Administration
Senior Lecturer of Business Administration
Finance
Scott Mayfield is a Senior Lecturer of Business Administration in the Finance Unit at the Harvard Business School. Prior rejoining the faculty in 2011, Professor Mayfield was an assistant professor and member of the Finance Unit at HBS from 1997 to 2001. Professor Mayfield currently teaches the second semester finance course in the first year of the MBA program, as well as Finance for Senior Executives and the corporate finance component of the Program for Leadership Development in the Executive Education Program. Previously, Professor Mayfield has taught the advanced corporate finance course in the second year of the MBA program and has been on the faculty of numerous executive education programs, including the Program for Management Development (now GMP), Focused Financial Management, and Creating Value through Corporate Restructuring.
His research focuses on valuation, asset pricing, and the dynamic nature of corporate decision making, including capital budgeting decisions, financing, and payout policies. His articles have been published in a variety of academic journals, including the Journal of Financial Economics, the Journal of Business and Economic Statistics, the Journal of Economics and Business, and the Physical Review A. Professor Mayfield has also written numerous case studies on a range of valuation, financing, and strategic decision making topics. His current research focuses on the valuation and financing of startup ventures.
In addition to his academic research, Professor Mayfield has served as a consultant to numerous corporations and investment advisors. He has also served as an expert witness in litigation matters involving complex valuation and corporate finance issues. Prior to rejoining the HBS Faculty, Professor Mayfield was the Financial Markets Practice Leader and Vice President at Charles River Associates.
Professor Mayfield received his Ph.D. in Economics from the University of Pennsylvania and a bachelor's degree in Economics with Highest Honors from Williams College.
- Journal Articles
-
- Desai, Mihir, Mark Egan, and Scott Mayfield. "A Better Way to Assess Managerial Performance." Harvard Business Review 100, no. 2 (March–April 2022): 134–141. View Details
- Mayfield, E. Scott. "Estimating the Market Risk Premium." Journal of Financial Economics 73, no. 3 (September 2004): 465–496. View Details
- Baker, Malcolm, E. S. Mayfield, and John Parsons. "Alternative Models of Uncertain Commodity Prices for Use with Modern Asset Pricing Methods." Energy Journal 19, no. 1 (1998): 115–148. View Details
- Mayfield, E. S., and R. Murphy. "Explaining the Term Structure of Interest Rates: A Panel Data Approach." Journal of Economics and Business 48, no. 1 (February 1996): 11–21. View Details
- Mayfield, E. S., and R. Murphy. "Interest Rate Parity and the Exchange Risk Premium." Economics Letters (1993). View Details
- Mayfield, E. S., and B. Mizrach. "On Determining the Dimension of Real-Time Stock Price Data." Journal of Business & Economic Statistics 10, no. 3 (July 1992). View Details
- Mayfield, E. S., and B. Mizrach. "Nonparametric Estimation of the Correlation Exponent." Physical Review, A (1991). View Details
- Cases and Teaching Materials
-
- Esty, Benjamin C., Elisabeth Kempf, and E. Scott Mayfield. "Pioneer Natural Resources: Enhancing the Capital Return Strategy with Variable Dividends." Harvard Business School Case 224-001, January 2024. (Revised May 2024.) View Details
- Esty, Benjamin C., and Scott Mayfield. "Graphic Packaging: Project Cowboy (A, B, C, & D)." Harvard Business School Teaching Note 223-087, June 2023. View Details
- Egan, Mark, and Scott Mayfield. "Project Helios: Harvesting the Sun." Harvard Business School Spreadsheet Supplement 223-714, April 2023. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Graphic Packaging: Project Cowboy (C)." Harvard Business School Supplement 223-066, February 2023. (Revised June 2023.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Graphic Packaging: Project Cowboy (B)." Harvard Business School Supplement 223-068, February 2023. (Revised June 2023.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Graphic Packaging: Project Cowboy (A)." Harvard Business School Case 223-009, February 2023. View Details
- Mayfield, E. Scott, and Chijioke Orjiakor. "Selling for a Song: Valuing Robert Farrell’s Music Catalog." Harvard Business School Case 223-029, September 2022. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "Kornit Digital: The Amazon Warrants (C)." Harvard Business School Supplement 222-045, January 2022. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "SpartanNash Company: The Amazon Warrants (B)." Harvard Business School Supplement 222-033, January 2022. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "SpartanNash Company: The Amazon Warrants (A)." Harvard Business School Spreadsheet Supplement 222-704, February 2022. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "SpartanNash Company: The Amazon Warrants (A)." Harvard Business School Case 222-022, January 2022. View Details
- Green, Daniel, E. Scott Mayfield, and Benjamin C. Esty. "Playing the Field: Competing Bids for Anadarko Petroleum Corp." Harvard Business School Teaching Note 222-014, July 2021. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "Eaton Corporation: Portfolio Transformation and the Cost of Capital." Harvard Business School Teaching Note 222-019, July 2021. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "The Weighted Average Cost of Capital (WACC): Derivation, Intuition, and Applications." Harvard Business School Technical Note 221-106, June 2021. View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "Eaton Corporation: Portfolio Transformation and the Cost of Capital (Abridged)." Harvard Business School Case 221-070, January 2021. (Revised June 2021.) View Details
- Esty, Benjamin C., E. Scott Mayfield, and Daniel Fisher. "Eaton Corporation: Portfolio Transformation and The Cost of Capital." Harvard Business School Case 221-006, September 2020. (Revised June 2021.) View Details
- Mayfield, E. Scott. "Valuing Peloton." Harvard Business School Spreadsheet Supplement 220-717, May 2020. (Revised November 2021.) View Details
- Mayfield, E. Scott, Daniel Green, and Benjamin C. Esty. "Playing the Field: Competing Bids for Anadarko Petroleum Corp." Harvard Business School Case 220-087, May 2020. (Revised August 2021.) View Details
- Mayfield, E. Scott. "Valuing Peloton." Harvard Business School Case 220-060, May 2020. (Revised October 2021.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Showdown at Mountain Pass: Bidding for Neo Materials." Harvard Business School Case 219-096, February 2019. View Details
- Siriwardane, Emil N., and E. Scott Mayfield. "Tesla-SolarCity." Harvard Business School Teaching Note 219-032, December 2018. (Revised March 2019.) View Details
- Greenwood, Robin, and E. Scott Mayfield. "The Proxy Fight at ADP." Harvard Business School Case 219-052, October 2018. View Details
- Egan, Mark, and E. Scott Mayfield. "Project Helios: Harvesting the Sun." Harvard Business School Case 219-009, July 2018. (Revised August 2018.) View Details
- Mayfield, E. Scott, and Emil N. Siriwardane. "Tesla-SolarCity." Harvard Business School Case 218-108, April 2018. (Revised March 2019.) View Details
- Foley, C. Fritz, E. Scott Mayfield, and F. Katelynn Boland. "The Transformation of Microsoft." Harvard Business School Case 218-048, October 2017. View Details
- Esty, Benjamin C., E. Scott Mayfield, and David Lane. "Supply Chain Finance at Procter & Gamble." Harvard Business School Case 216-039, May 2016. (Revised May 2017.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Supply Chain Finance at Procter & Gamble." Harvard Business School Teaching Note 217-015, October 2016. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Canadian Pacific's Bid for Norfolk Southern." Harvard Business School Case 216-057, May 2016. (Revised September 2017.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Canadian Pacific's Bid for Norfolk Southern." Harvard Business School Teaching Note 218-035, October 2017. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Generating Higher Value at IBM (A)." Harvard Business School Case 215-058, May 2015. (Revised September 2017.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Generating Higher Value at IBM (B)." Harvard Business School Supplement 215-059, May 2015. (Revised December 2016.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Generating Higher Value at IBM (A) and (B)." Harvard Business School Teaching Note 218-037, November 2017. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Molycorp: Financing the Production of Rare Earth Minerals (A)." Harvard Business School Case 214-054, June 2014. (Revised October 2015.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Molycorp: Issuing the 'Happy Meal' Securities (B)." Harvard Business School Case 215-014, August 2014. (Revised March 2015.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Molycorp: Morgan Brothers' Reverse Convertible Notes (C)." Harvard Business School Case 215-002, August 2014. (Revised March 2015.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Molycorp: Financing the Production of Rare Earth Minerals (A)." Harvard Business School Teaching Note 216-020, October 2015. View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Creating the First Public Law Firm: The IPO of Slater & Gordon Limited." Harvard Business School Case 213-019, October 2012. (Revised September 2013.) View Details
- Esty, Benjamin C., and E. Scott Mayfield. "Creating the First Public Law Firm: The IPO of Slater & Gordon Limited (TN)." Harvard Business School Teaching Note 213-027, April 2013. (Revised June 2013.) View Details
- Mayfield, E. Scott. "Underwater Engineer at Intel Corporation." Harvard Business School Case 212-047, November 2011. (Revised September 2012.) View Details
- Becker, Bo, Daniela Beyersdorfer, Scott Mayfield, and Mayuka Yamazaki. "L'Occitane en Provence." Harvard Business School Case 212-051, November 2011. (Revised November 2012.) View Details
- Becker, Bo, and Scott Mayfield. "L'Occitane en Provence (TN)." Harvard Business School Teaching Note 213-037, October 2012. View Details
- Desai, Mihir A., E. Scott Mayfield, and Mark Veblen. "Provident Life and Accident Insurance: The Acquisition of Paul Revere TN." Harvard Business School Teaching Note 202-046, November 2001. View Details
- Mayfield, E. Scott. "Netflix (2000)." Harvard Business School Case 201-037, September 2000. (Revised January 2016.) View Details
- Mayfield, E. Scott. "NetFlix.com, Inc. TN." Harvard Business School Teaching Note 202-058, October 2001. View Details
- Areas of Interest