Publications

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November 2023
Article

Algorithmic Mechanism Design with Investment

By: Mohammad Akbarpour, Scott Duke Kominers, Kevin Michael Li, Shengwu Li and Paul Milgrom

We study the investment incentives created by truthful mechanisms that allocate resources using approximation algorithms. Some approximation algorithms guarantee nearly 100% of the optimal welfare, but have only a zero guarantee when one bidder can invest before... View Details

Keywords: Mechanism Design; Market Design; Auctions

February 2008 (Revised May 2008)
Case

Tad O'Malley: The Investment Conundrum

By: Felda Hardymon, Josh Lerner and Ann Leamon

Tad O'Malley has just started as an associate with Empire Investment Group. He must evaluate three investment opportunities facing the big leveraged buyout firm. All are global, but each pertains to different offices and each deal has different strengths and... View Details

Keywords: Leveraged Buyouts; Decision Choices and Conditions; Private Equity; Investment; Strength and Weakness; Negotiation Deal; Personal Development and Career

28 Nov 2017
News

Active investing v.2.0

18 Nov 2013
Video

Investing in Change

Three Trends Driving Impact Investing

Vikram Gandhi and Peter Boockvar, CIO at Bleakley Advisory Group, join "Squawk Box" to discuss why investing for impact seems to be growing and why investors should approach it with caution. View Details

February 1999 (Revised March 1999)
Exercise

Investment Analysis Exercises

By: Dwight B. Crane and Penny Joseph

To teach present value analysis. View Details

Keywords: Investment

September 1994
Case

Investing in China

By: Kenneth A. Froot, Jay O. Light and Jon Headley

Keywords: Investment; China

October 1985
Case

Liberty Investment Management

By: David F. Hawkins

Keywords: Financial Services Industry

05 Jun 2015
Blog Post

The HBS Investment

HBS is an experience. HBS is an investment. HBS is two years to have fun, meet new people, and learn from some of the greatest teachers in the world. All of these hold a piece of truth. But only a piece. While the topline narrative is overwhelmingly enticing, the... View Details

July 2003 (Revised December 2003)
Case

Investment Policy at New England Healthcare

By: Jay O. Light, Luis M. Viceira and Akiko M. Mitsui

The Investment Committee of New England Healthcare must decide how to invest three long-term investment pools: a long-term, endowment-type fund and two pension plans. In particular, the committee is evaluating whether the two pension funds--one is a "final salary"... View Details

Keywords: Decisions; Asset Management; Investment; Investment Portfolio; Policy; Taxation; Health Industry; England

1993
Book

Foreign Direct Investment

By: K. Froot

Keywords: Corporate Finance; Market Imperfections; Foreign Direct Investment; Financial Instruments; Markets; Asset Pricing

August 2024
Teaching Plan

Generation Investment Management: Sustainable Investing in a Warming World

By: Vikram S Gandhi and David Allen

Teaching Plan for HBS Case No. 324-043. View Details

July 2012 (Revised July 2012)
Case

RMS: Investing in Chinese Timberland

By: Andre F. Perold

The protagonist is considering acquiring a timber property located in rural China, a region where almost no timberland investment has taken place. The question is how to value the property, including understanding the appropriate risk-adjusted return. View Details

Keywords: Valuation; Property; Foreign Direct Investment; Real Estate Industry; China

January 2022 (Revised December 2022)
Case

TotalEnergies’ Investment in Hyzon Motors

By: Vikram S. Gandhi and David Lane

In November 2021, Girish Nadkarni, the head of TotalEnergies’ corporate venture capital arm (TEV) was considering whether, and on what terms, to exit an investment in Hyzon Motors, a start-up supplier of hydrogen-powered trucks. TEV had invested $4 million in Hyzon,... View Details

Keywords: Business Units; Communication Intention and Meaning; Renewable Energy; Venture Capital; Growth and Development Strategy; Market Design; Standards; Commercialization; Investment Portfolio; Market Transactions; Energy Industry; Financial Services Industry; Transportation Industry; Europe; New York (city, NY)

25 Apr 2014
News

Investing in Innovation

and society have never been more divided. Even as the economy has recovered, trust has not. As business leaders, we need to remind the public that business is a force for good and is fundamental to societal progress by creating jobs, View Details

Keywords: HBS Fund; Educational Services

2007
Working Paper

Intra-Industry Foreign Direct Investment

By: Laura Alfaro and Andrew Charlton

We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries—close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment... View Details

Keywords: Multinational Activity; Horizontal FDI; Vertical FDI; Stages Of Production; Multinational Firms and Management; Business Subsidiaries; Foreign Direct Investment; Competency and Skills; Production

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December 2006
Case

Southern Company's Investment in CEMIG

In the spring of 1997, Southern Company had the opportunity to acquire a significant portion of the electric utility in the Brazilian state of Minas Gerais. The shares in the utility, CEMIG, were being sold by the state government as part of a comprehensive... View Details

Keywords: Corporate Strategy; Privatization; Investment; Acquisition; Globalized Markets and Industries; Utilities Industry; Brazil