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  • All HBS Web  (4,129)
    • People  (16)
    • News  (899)
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  • 1993
  • Chapter

International Equity Acquisitions: Who, Where, and Why?

By: Paul M. Healy and Krishna G. Palepu
Keywords: Acquisition; Equity; International Finance
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Healy, Paul M., and Krishna G. Palepu. "International Equity Acquisitions: Who, Where, and Why?" In Foreign Direct Investment, edited by K. Froot. Chicago: University of Chicago Press, 1993.
  • August 2017
  • Article

The First Deal: The Division of Founder Equity in New Ventures

By: Thomas F. Hellmann and Noam Wasserman
We examine the trade-off between efficiency and equality within the context of entrepreneurial founding teams. Using a formal theory where founders may have preferences over relative outcomes, we derive predictions about the antecedents and consequences of dividing... View Details
Keywords: Equality and Inequality; Entrepreneurship; Equity
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Hellmann, Thomas F., and Noam Wasserman. "The First Deal: The Division of Founder Equity in New Ventures." Management Science 63, no. 8 (August 2017): 2647–2666.
  • April 2011
  • Article

Private Equity and Long-Run Investment: The Case of Innovation

By: Josh Lerner, Morten Sorensen and Per Stromberg
A long-standing controversy is whether LBOs relieve managers from short-term pressures of dispersed shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495... View Details
Keywords: Patents; Private Equity; Leveraged Buyouts; Investment; Innovation and Invention
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Lerner, Josh, Morten Sorensen, and Per Stromberg. "Private Equity and Long-Run Investment: The Case of Innovation." Journal of Finance 66, no. 2 (April 2011): 445–477.
  • November 2002
  • Article

Pension Equity Charges: A New Concern

By: David F. Hawkins
Keywords: Compensation and Benefits; Equity; Change
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Hawkins, David F. "Pension Equity Charges: A New Concern." Accounting Bulletin, no. 111 (November 2002). (corrected.)
  • April 2003
  • Article

2002 10-Ks: Equity Financial Risk Focus

By: David F. Hawkins
Keywords: Reports; Equity; Finance; Risk and Uncertainty
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Hawkins, David F. "2002 10-Ks: Equity Financial Risk Focus." Accounting Bulletin, no. 118 (April 2003).
  • Fall 2007
  • Article

A Comprehensive Look at the Private Equity Industry in Mexico (1990–2006)

By: Roberto Charvel
This article is one of the few historical numerical reviews of a private equity industry in an emerging market. View Details
Keywords: Emerging Market; Latin America; Mexico; Economic Sectors; Corporate Entrepreneurship; Venture Capital; Capital Markets; Private Equity; Financial Services Industry; Latin America; North and Central America
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Charvel, Roberto. "A Comprehensive Look at the Private Equity Industry in Mexico (1990–2006)." Journal of Private Equity 10, no. 4 (Fall 2007): 42–53.
  • February 2009 (Revised June 2011)
  • Background Note

A Note on the Legal and Tax Implications of Founders' Equity Splits

By: Noam T. Wasserman and Lauren Barley
This note summarizes key legal and tax issues that founders should consider as they contemplate an equity split and ownership structure. Specific issues covered include why founders should not delay splitting the equity and whether they should involve an attorney or... View Details
Keywords: Business Startups; Entrepreneurship; Equity; Taxation; Intellectual Property; Law; Ownership; Partners and Partnerships
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Wasserman, Noam T., and Lauren Barley. "A Note on the Legal and Tax Implications of Founders' Equity Splits." Harvard Business School Background Note 809-110, February 2009. (Revised June 2011.)
  • December 2018 (Revised October 2019)
  • Case

Barteca: The Challenge and Opportunity of Private Equity

By: Lena G. Goldberg and Michael S. Kaufman
Andy Pforzheimer and Sasa Mahr-Batuz, co-founders of a highly successful seven-location restaurant brand, had just opened the first location of a new brand. They had mapped out future expansion for both brands but wondered if, rather than lining up an assortment of... View Details
Keywords: Restaurants; Brands and Branding; Expansion; Private Equity; Strategy; Decision Making
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Goldberg, Lena G., and Michael S. Kaufman. "Barteca: The Challenge and Opportunity of Private Equity." Harvard Business School Case 319-076, December 2018. (Revised October 2019.)
  • July 2016
  • Article

Under New Management: Equity Issues and the Attribution of Past Returns

By: Malcolm Baker and Yuhai Xuan
There is a strong link between measures of stock market performance, such as changes in Tobin's Q or past stock returns, and equity issues. Typically, this performance is thought to be a characteristic of the firm, not the CEO who happens to run the firm. In contrast... View Details
Keywords: Performance; Management Teams; Equity
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Baker, Malcolm, and Yuhai Xuan. "Under New Management: Equity Issues and the Attribution of Past Returns." Journal of Financial Economics 121, no. 1 (July 2016): 66–78.
  • 27 Apr 2023
  • Cold Call Podcast

Equity Bank CEO James Mwangi: Transforming Lives with Access to Credit

Keywords: Re: Caroline M. Elkins; Banking; Financial Services
  • 08 May 2013
  • Research & Ideas

A Company’s Evolving View of Gender Equity

equity in their own companies. Bias, underrepresentation, and work-family conflict Analysis of the articles published over nearly two decades in the US business press gave the authors an opportunity to trace shifts in the media's framing... View Details
Keywords: by Martha Lagace; Accounting
  • October 2020 (Revised July 2022)
  • Case

A Case in Point: Shared Home Equity

By: Daniel Green, Boris Vallee, Sid Beaumaster and Yang (Dolly) Yu
Keywords: Real Estate
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Green, Daniel, Boris Vallee, Sid Beaumaster, and Yang (Dolly) Yu. "A Case in Point: Shared Home Equity." Harvard Business School Case 221-026, October 2020. (Revised July 2022.)
  • December 2016
  • Case

Paine & Partners: Private Equity in Agriculture

By: David E. Bell
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Bell, David E. "Paine & Partners: Private Equity in Agriculture." Harvard Business School Case 517-051, December 2016.
  • September 2004
  • Teaching Note

Montagu Private Equity (A) and (B) TN

By: Josh Lerner, G. Felda Hardymon and Ann Leamon
Teaching Note to (9-804-051) and (9-804-151). View Details
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Lerner, Josh, G. Felda Hardymon, and Ann Leamon. "Montagu Private Equity (A) and (B) TN." Harvard Business School Teaching Note 805-039, September 2004.
  • January 1994 (Revised April 2011)
  • Background Note

Note on Private Equity Partnership Agreements

By: Josh Lerner
Venture capital by necessity is a long-run investment. Consequently, since the mid-1960s virtually all venture financing has been raised through private partnerships with a ten-year or longer life span. To govern these investments, complex contracts have sprung up... View Details
Keywords: Venture Capital; Financing and Loans; Investment; Governance; Contracts; Partners and Partnerships
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Lerner, Josh. "Note on Private Equity Partnership Agreements." Harvard Business School Background Note 294-084, January 1994. (Revised April 2011.)
  • September 2021
  • Background Note

DuPont Decomposition of Return on Equity

By: Charles C.Y. Wang and Kaden Chien
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Wang, Charles C.Y., and Kaden Chien. "DuPont Decomposition of Return on Equity." Harvard Business School Background Note 122-013, September 2021.
  • 1996
  • Working Paper

The Cost of International Equity Trading

By: André Perold and Erik R. Sirri
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Perold, André, and Erik R. Sirri. "The Cost of International Equity Trading." Harvard Business School Working Paper, No. 97-012, October 1996.
  • January 2022
  • Article

Investing Outside the Box: Evidence from Alternative Vehicles in Private Equity

By: Josh Lerner, Jason Mao, Antoinette Schoar and Nan R. Zhang
This paper uses previously unexplored custodial data to examine the use of alternative investment vehicles in private equity (PE) over four decades. We document a steep increase in the capital directed to alternative vehicles, with these vehicles approaching a 40%... View Details
Keywords: Alternative Investment Vehicles; Investment Funds; Private Equity; Venture Capital; Performance
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Lerner, Josh, Jason Mao, Antoinette Schoar, and Nan R. Zhang. "Investing Outside the Box: Evidence from Alternative Vehicles in Private Equity." Journal of Financial Economics 143, no. 1 (January 2022): 359–380. (Won the 2022 Doriot Award for the Best Private Equity Research Paper.)
  • 21 Feb 2023
  • Research & Ideas

What's Missing from the Racial Equity Dialogue?

The Institute for the Study of Business in Global Society (BiGS) welcomed scholars to Harvard Business School last year to advance their research about race, diversity, inclusion, and inequality. As the nation reflects on issues such as these during Black History... View Details
Keywords: by Danielle Kost
  • May 1995
  • Teaching Note

Note on Valuing Equity Cash Flows (TN)

By: Timothy A. Luehrman
Teaching Note for (9-295-085). View Details
Keywords: Cash Flow; Valuation; Equity; Prejudice and Bias
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Luehrman, Timothy A. "Note on Valuing Equity Cash Flows (TN)." Harvard Business School Teaching Note 295-149, May 1995.
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