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  • All HBS Web  (15,489)
    • People  (13)
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  • December 1999 (Revised January 2002)
  • Background Note

Overview of the Project Finance Market, An

By: Benjamin C. Esty, Suzanne I. Harris and Kathleen G. Krueger
This case introduces the field of project finance and supplies a statistical overview of the project finance market as of the mid=to late 1990s. It consists of four sections. The first section defines project finance and contrasts it with other well-known forms of... View Details
Keywords: Markets; Investment; Projects; Project Finance
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Esty, Benjamin C., Suzanne I. Harris, and Kathleen G. Krueger. "Overview of the Project Finance Market, An." Harvard Business School Background Note 200-028, December 1999. (Revised January 2002.)
  • 2017
  • Working Paper

Investment Timing with Costly Search for Financing

By: Samuel Antill
I develop a dynamic model of investment timing in which firms must first choose when to search for external financing. Search is costly and the arrival of investors is uncertain, leading to delay in financing and investment. Depending on parameters, my model can... View Details
Keywords: Real Options; Search And Bargaining; Time-varying Financial Conditions; Investment; Venture Capital; Mathematical Methods
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Antill, Samuel. "Investment Timing with Costly Search for Financing." Working Paper, December 2017.
  • Article

Corporate Social Responsibility and Access to Finance

By: Beiting Cheng, Ioannis Ioannou and George Serafeim
In this paper, we investigate whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance. We hypothesize that better access to finance can be attributed to a) reduced agency costs due to enhanced stakeholder... View Details
Keywords: Corporate Social Responsibility; Sustainability; Capital Constraints; ESG (Environmental, Social, Governance) Performance; Stakeholder Engagement; Disclosure; Corporate Disclosure; Corporate Social Responsibility and Impact; Environmental Sustainability; Capital
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Cheng, Beiting, Ioannis Ioannou, and George Serafeim. "Corporate Social Responsibility and Access to Finance." Strategic Management Journal 35, no. 1 (January 2014): 1–23.
  • 2009
  • Simulation

Finance Simulation: M&A in Wine Country: No. 3289.

By: Timothy A. Luehrman and W. Carl Kester
In this simulation, students play the role of CEO at one of three publicly-traded wine producers: Starshine, Bel Vino, or International Beverage. Each player evaluates merger and/or acquisition opportunities among the three companies and then determines reservation... View Details
Keywords: Mergers and Acquisitions; Negotiation; Valuation; Value Creation; Food and Beverage Industry; Agriculture and Agribusiness Industry
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Luehrman, Timothy A., and W. Carl Kester. "Finance Simulation: M&A in Wine Country: No. 3289." Simulation and Teaching Note. Watertown, MA: Harvard Business Publishing, 2009. Electronic.
  • Mar 2012
  • Article

How to Make Finance Work

of the U.S. economy by increasing capital and liquidity requirements, reorienting the discussion around housing finance reform from keeping mortgage credit cheap to ensuring financial stability, and instituting measures that compel asset... View Details
  • January – February 1969
  • Article

Sophisticated Financing Tool: The Warrant

By: Henry B. Reiling and Samuel L. Hayes III
Keywords: Financing and Loans; Financial Instruments
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Reiling, Henry B., and Samuel L. Hayes III. "Sophisticated Financing Tool: The Warrant." Harvard Business Review 47, no. 1 (January–February 1969): 137–150. (Reprinted: Securities Law Review, 1969 (Sage Hill Publishers, Inc.))
  • January 1998 (Revised September 2001)
  • Background Note

A Note on Angel Financing

By: Paul A. Gompers
Discusses the economics of the private equity market and recent efforts by the U.S. Small Business Administration to promote greater angel financing. View Details
Keywords: Financial Markets; Government and Politics; Financing and Loans; Financial Services Industry; United States
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Gompers, Paul A. "A Note on Angel Financing." Harvard Business School Background Note 298-083, January 1998. (Revised September 2001.)
  • 15 Mar 2020
  • News

Lenders scour financing documents amid market volatility

  • 20 Oct 2010
  • Working Paper Summaries

Financing Risk and Bubbles of Innovation

Keywords: by Ramana Nanda & Matthew Rhodes-Kropf; Financial Services
  • February 2001 (Revised June 2001)
  • Case

eSurg (B): Second Round Financing

By: Jay O. Light and Anthony Massaro
An embryonic online medical supplies firm must negotiate a second-round funding. View Details
Keywords: Business Startups; Negotiation; Venture Capital; Financing and Loans; Internet; Medical Devices and Supplies Industry
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Light, Jay O., and Anthony Massaro. "eSurg (B): Second Round Financing." Harvard Business School Case 201-051, February 2001. (Revised June 2001.)
  • 10 Jun 2009
  • Keynote Speech

New Models for Financing Entrepreneurs

By: Ramana Nanda
Keywords: Entrepreneurship; Finance
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Nanda, Ramana. "New Models for Financing Entrepreneurs." Financing the Entrepreneurial Recovery: a Kauffman Foundation Summit, June 10, 2009.
  • 1 Mar 2010
  • Conference Presentation

Entrepreneurial Finance and Public Policy

By: Ramana Nanda
Keywords: Entrepreneurship; Finance
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Nanda, Ramana. "Entrepreneurial Finance and Public Policy." Paper presented at the OECD Conference on the Role of Entrepreneurship in Fostering Innovation and Growth, March 1, 2010.
  • June 2008 (Revised October 2008)
  • Case

International Carbon Finance and EcoSecurities

By: Andre F. Perold, Forest L. Reinhardt and Mikell Hyman
In late 2007, EcoSecurities had to decide whether to undertake a new Clean Development Mechanism (CDM) project in China. EcoSecurities was an aggregator of carbon credits and also invested directly in projects that produced carbon credits. Governments and firms... View Details
Keywords: Non-Renewable Energy; Cost Management; Investment Return; Business and Government Relations; Risk and Uncertainty; Investment; Cash Flow; Valuation; Pollutants; Environmental Sustainability; Financial Services Industry; China
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Perold, Andre F., Forest L. Reinhardt, and Mikell Hyman. "International Carbon Finance and EcoSecurities." Harvard Business School Case 208-151, June 2008. (Revised October 2008.)
  • December 2012
  • Background Note

Glossary of Municipal Finance Terms

A note on municipal bond structuring. View Details
Keywords: Local Government; Political Process; Debt Management; Financial Planning; Financial Management; Bonds; Urban Development; Local Range; Government Administration
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Bergstresser, Daniel, Randolph Cohen, and Richard Ryffel. "Glossary of Municipal Finance Terms." Harvard Business School Background Note 213-063, December 2012.
  • Web

Finance - Faculty & Research

Finance Finance May 2014 Article Dynamics of Demand for Index Insurance: Evidence from a Long-Run Field Experiment By: Shawn A. Cole , Daniel Stein and Jeremy Tobacman This paper estimates how... View Details
  • February 2017 (Revised January 2019)
  • Module Note

The Entrepreneurial Manager, Module 2 Part 1: Resourcing the Business Model – Financing

By: Paul Gompers
Keywords: Entrepreneurship; Financing; Venture Capital; Debt Lending
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Gompers, Paul. "The Entrepreneurial Manager, Module 2 Part 1: Resourcing the Business Model – Financing." Harvard Business School Module Note 817-109, February 2017. (Revised January 2019.)
  • June 2010 (Revised September 2011)
  • Background Note

An Overview of Project Finance and Infrastructure Finance--2009 Update

By: Benjamin C. Esty and Aldo Sesia
Provides an introduction to the fields of project finance and infrastructure finance and gives a statistical overview of project-financed investments over the years from 2005 to 2009. Examples of project-financed investments include the $1.4 billion Mozal aluminum... View Details
Keywords: Project Finance; Infrastructure; Investment; Projects; Trends
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Esty, Benjamin C., and Aldo Sesia. "An Overview of Project Finance and Infrastructure Finance--2009 Update." Harvard Business School Background Note 210-061, June 2010. (Revised September 2011.)
  • December 2019
  • Case

Entrepreneurial Finance Vignettes - 2020

By: Paul A. Gompers
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Gompers, Paul A. "Entrepreneurial Finance Vignettes - 2020." Harvard Business School Case 220-049, December 2019.
  • November 2019 (Revised March 2021)
  • Background Note

AI and Finance in 2019

By: Karim R. Lakhani, Marco Di Maggio, Marco Iansiti and Aldo Sesia
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Lakhani, Karim R., Marco Di Maggio, Marco Iansiti, and Aldo Sesia. "AI and Finance in 2019." Harvard Business School Background Note 220-017, November 2019. (Revised March 2021.)
  • May 12, 2010
  • Article

Venture Financing and Entrepreneurial Success

By: William R. Kerr
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Kerr, William R. "Venture Financing and Entrepreneurial Success." Harvard Business Review (website) (May 12, 2010).
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