Publications

September 2018 (Revised June 2019)
Case

THE VELUX FOUNDATIONS: Selecting Impact Funds

By: Vikram Gandhi, Caitlin Reimers Brumme and Nathaniel Schwalb

After much internal debate, THE VELUX FOUNDATIONS of Denmark have decided to allocate a small percentage of their investment portfolio to impact investments. Cambridge Associates, one of the leading investment advisory firms in the world, has been engaged to assist... View Details

Keywords: Impact Investing; Mission-Related Investing; Foundations; Investment; Venture Capital; Corporate Social Responsibility and Impact; Strategy; Investment Funds; Decision Making; Financial Services Industry; Financial Services Industry; Denmark; Europe

Fast Answer

Biotech and medical devices: Company Data and Analysis

Where can I find biotech and medical devices company financials and analysis? We suggest that you may use at least more than one of them for your company research. Capital IQ - Data on public and private... View Details

01 Mar 2012
News

Social Investing Pioneers

appears to be the first financial instrument that enables social entrepreneurs to raise capital based on social outcomes,” says Cohen. “If we can prove that these approaches deliver social improvement, then... View Details

Keywords: Roger Thompson; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles; Funds, Trusts, and Other Financial Vehicles

November 2013
Supplement

Arch Wireless, Inc. (B): Food for Vultures

By: Stuart C. Gilson

In 2002, a hedge fund investor acquires the distressed bank debt of a bankrupt wireless paging company and converts his holding into common stock of the reorganized entity. Determining his likely return from this investment is challenging, given that the entire... View Details

Keywords: Bankruptcy Reorganization; Distress Investing; Capital Structure; Restructuring; Investment Funds; Insolvency and Bankruptcy; Borrowing and Debt; Wireless Technology; Telecommunications Industry

01 Dec 2004
News

HBS to Release 2004 Annual Report

exceed our targeted cash from operations.” This year, alumni will receive details of the School’s financial performance in an expanded, annual report format, which will offer a better sense of how HBS View Details

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

November 2004 (Revised April 2005)
Case

Deutsche Bank: Finding Relative Value Trades

Deutsche Bank's Fixed Income Research Group is looking for yield curve trades to pitch to clients as well as for their proprietary trading desk. The group has data on recent bond trades and a proprietary term structure model, which they can use to develop trading... View Details

Keywords: Bonds; Capital Markets; Investment Banking; Institutional Investing; Banking Industry; Germany

01 Jun 1999
News

Where Main Street Meets Wall Street

have made an important contribution to both the democratization and the strengthening of the American economy," says HBS professor Jay O. Light, an expert on the financial services industry. And now, according to Light and other... View Details

Keywords: Garry Emmons

05 Dec 2005
Research & Ideas

VCs Survey Post-Bubble Opportunities

annual Cyberposium conference held at Harvard Business School on November 19. As an industry, he suggested, venture capital has little to recommend it. "In the future, I see a median rate of return of zero or less," stated... View Details

Keywords: by Julie Hanna; Financial Services

16 Mar 2010
First Look

First Look: March 16

sensitivity of investment is lower in countries with better-developed financial markets. This suggests that financial development may mitigate financial constraints. This... View Details

Keywords: Martha Lagace

March 2010 (Revised May 2010)
Case

Disruptive IPOs? WR Hambrecht & Co.

By: Clayton M. Christensen and Tara Donovan

Bill Hambrecht faces a dilemma: should he accept a high profile client for his online Dutch auction IPO? Though it would be viewed as a real coup, what would accepting the business mean to WR Hambrecht? Should he seek other high profile clients like this, or should he... View Details

Keywords: Capital Markets; Initial Public Offering; Disruptive Innovation; Auctions; Online Technology; Financial Services Industry; San Francisco

January 2011
Teaching Note

Banco Compartamos: Life after the IPO (TN)

By: Michael Chu

Teaching Note for 308-094. View Details

Keywords: Banks and Banking; Initial Public Offering; Investment Return; Financial Institutions; Microfinance; Capital Markets; Competition; Decisions; Banking Industry; Mexico

Web

Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

edited by Sam Howison, Frank P. Kelly and Paul Wilmott. London: Chapman and Hall/Royal Society, 1995 * and Financial Practice and Education 5 (spring/summer 1995): 7-15.] Merton, Robert C. "An Intertemporal View Details

10 Nov 2003
Research & Ideas

The Hard Numbers on Social Investments

capital through their network. Results would also help IC members discuss the larger question about the relationship of financial returns and social returns. In short, should View Details

Keywords: by Manda Salls

February 1999 (Revised June 2010)
Case

Car Wash Partners, Inc.

By: Paul A. Gompers

Examines the investment decision of Cabot Brown and Bill Burgin, two venture capitalists, to finance Car Wash Partners (CWP). CWP intends to purchase automatic car washes around the country. Investment strategy and deal structuring are discussed. View Details

Keywords: Mergers and Acquisitions; Entrepreneurship; Venture Capital; Financial Strategy; Auto Industry; Service Industry

November 2000
Case

UPromise

By: Michael J. Roberts and William A. Sahlman

Describes the development of UPromise, a company that has developed a loyalty program through which corporate partners can contribute to funds that finance the education of consumers' children. Presents the accomplishments prior to the company's second round of... View Details

Keywords: Higher Education; Corporate Entrepreneurship; Venture Capital; Financial Markets; Programs