Publications

March 1998 (Revised June 1998)
Case

BCI Growth III: November 1993

Supplements BCI Growth III: May 1993. View Details

Keywords: Private Equity; Business Growth and Maturation; Consolidation; Acquisition; Wastes and Waste Processing; Service Industry; United States

February 1998 (Revised April 1998)
Case

Xerox Technology Ventures: January 1997

Supplements Xerox Technology Ventures: March 1995. View Details

Keywords: Service Industry; Computer Industry

Article

The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature

By: Josh Lerner and Jenny Lanjouw

Keywords: Intellectual Property; Rights

December 1997 (Revised September 1998)
Case

Yale University Investments Office: November 1997

David Swensen, chief investment officer at Yale University, reviews the $6 billion endowment strategy, which places an unusually heavy emphasis on private equity and other illiquid securities. Changing market conditions in November 1997 cause him to rethink... View Details

Keywords: Change; Private Equity; Financial Liquidity; Investment; Marketing Strategy; Strategy; Education Industry

November 1997 (Revised January 2003)
Case

Martin Smith: January 2002

An MBA student must choose between offers from three private equity organizations. Each organization has distinct strengths and weaknesses, and different implications for the student's career development. The case presents compensation and employment data about the... View Details

Keywords: Private Equity; Compensation and Benefits; Analytics and Data Science; Job Offer; Personal Development and Career

1997
Working Paper

Venture Capital and Private Equity: A Course Overview

fall 1997
Article

Venture Capital and the Creation of Public Companies: Do Venture Capitalists Really Bring More than Money?

By: Paul A. Gompers and Josh Lerner

Keywords: Venture Capital; Business Ventures; Money; Public Ownership

August 1997 (Revised September 1997)
Case

GMIMCo Venture Capital: September 1996

By: Josh Lerner, Peter Wendell and Catherine M. Conneely

Kathryn Stokel must choose between three venture capital groups (if any) in which to invest the pension fund of General Motors Corp. Each has distinct strengths and weaknesses. View Details

Keywords: Private Equity; Asset Management; Retirement; Investment Funds; Venture Capital; Financial Services Industry

summer 1997
Article

An Empirical Exploration of a Technology Race

By: J. Lerner

An extensive theoretical literature examines technological competition, and in particular whether leaders maintain their standing. These models, however, have received little support. Innovation is examined in the disk drive industry, an environment particularly... View Details

Keywords: Information Technology; Learning

April 1997
Case

Exxel Group, The

By: Josh Lerner, Alex Hoye and Gonzalo Pacanins

February 1997 (Revised October 2002)
Case

The Exxel Group: September 1995

By: Josh Lerner, Alex Hoye and Gonzalo Pacanins

The Exxel Group, a private equity group based in Buenos Aires, is considering a buyout of Argencard, Mastercard's exclusive licensee in Argentina. To complete the deal, however, it will need to raise additional financing from U.S. investors. Both the valuation and the... View Details

Keywords: Leveraged Buyouts; Developing Countries and Economies; Private Equity; Financing and Loans; Investment; Negotiation Deal; Problems and Challenges; Valuation; United States; Buenos Aires