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  • All HBS Web  (11,061)
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  • 2012
  • Working Paper

Payout Taxes and the Allocation of Investment

When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). If there are no perfect substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms. High taxes will favor... View Details
Keywords: Business Earnings; Equity; Financing and Loans; Investment; Taxation; Business and Shareholder Relations; Motivation and Incentives
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Becker, Bo, Marcus Jacob, and Martin Jacob. "Payout Taxes and the Allocation of Investment." Harvard Business School Working Paper, No. 11-040, October 2010. (Revised November 2010, March 2011, September 2011, April 2012.)
  • January 2013
  • Article

Payout Taxes and the Allocation of Investment

When corporate payout is taxed, internal equity (retained earnings) is cheaper than external equity (share issues). If there are no perfect substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms. High taxes will favor... View Details
Keywords: Taxation; Investment; Equity; Growth and Development Strategy; Resource Allocation
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Becker, Bo, Marcus Jacob, and Martin Jacob. "Payout Taxes and the Allocation of Investment." Journal of Financial Economics 107, no. 1 (January 2013): 1–24.
  • 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.
  • November 2013
  • Case

Canyon-Agassi Investing in Charter Schools

By: Nicolas P. Retsinas, Nicole Shomair, Vernon Beckford and Lisa Strope
After an unusual round of doubles in May 2011, real estate investor Bobby Turner, Managing Partner, Canyon-Agassi Charter School Facilities Fund (CACSFF) and Chairman, CEO, and Co-Founder of Canyon Capital Realty Advisors, found himself at a loss for words. Turner was... View Details
Keywords: Charter Schools; Real Estate; Fund Raising; Social Entrepreneurship; Education; Real Estate Industry; United States
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Retsinas, Nicolas P., Nicole Shomair, Vernon Beckford, and Lisa Strope. "Canyon-Agassi Investing in Charter Schools." Harvard Business School Case 214-033, November 2013.
  • October 1999
  • Case

CIBC Corporate and Investment Banking (B): 1992-1997

By: Joseph L. Bower and Michael Raynor
From 1992 to 1997, CIBC CEO Al Flood and head of investment banking John Hunkin integrate the struggling investment bank, Wood Gundy, with CIBC's corporate bank. The impact and interaction of organization design, compensation schemes, and communication initiatives are... View Details
Keywords: Investment Banking; Banks and Banking; Mergers and Acquisitions; Organizational Design; Business Plan; Communication; Banking Industry
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Bower, Joseph L., and Michael Raynor. "CIBC Corporate and Investment Banking (B): 1992-1997." Harvard Business School Case 300-042, October 1999.
  • 1988
  • Chapter

Effects of Foreign Investment

By: L. T. Wells Jr.
Keywords: Foreign Direct Investment
Citation
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Wells, L. T., Jr. "Effects of Foreign Investment." In The Role of the Private Sector in Fostering/Responding to Global Structural Change, edited by Andrew R. Blair and Josephine E. Olson, 21–31. Pittsburgh: University of Pittsburgh, 1988.
  • June 1972
  • Background Note

Capital Investment Problems (A)

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Churchill, Neil C. "Capital Investment Problems (A)." Harvard Business School Background Note 172-307, June 1972.
  • February 1984
  • Background Note

Managing Capital Investment (B)

By: Carliss Y. Baldwin
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Baldwin, Carliss Y. "Managing Capital Investment (B)." Harvard Business School Background Note 284-049, February 1984.
  • September 2016 (Revised May 2019)
  • Case

Generation Investment Management: 2016

By: Shawn Cole and Tony L. He
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Cole, Shawn, and Tony L. He. "Generation Investment Management: 2016." Harvard Business School Case 217-031, September 2016. (Revised May 2019.)
  • August 1999 (Revised November 1999)
  • Case

Victory Supermarkets: Investment Strategy

By: David E. Bell and Ann Leamon
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Bell, David E., and Ann Leamon. "Victory Supermarkets: Investment Strategy." Harvard Business School Case 500-023, August 1999. (Revised November 1999.)
  • September 2009
  • Case

One South: Investing in Emerging Markets (A)

By: Nicolas P. Retsinas and Justin Seth Ginsburgh
A United States private equity fund, The Saboput Group, must decide whether to invest in a new technology park development in Chennai, India. The case provides the reader with a detailed investment memorandum from the local Indian operating partner, and the reader must... View Details
Keywords: Private Equity; Investment; Emerging Markets; Partners and Partnerships; Urban Development; Real Estate Industry; Chennai; United States
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Retsinas, Nicolas P., and Justin Seth Ginsburgh. "One South: Investing in Emerging Markets (A)." Harvard Business School Case 210-024, September 2009.
  • October 2018
  • Case

African Bank Investments Limited (A)

By: Lynn S. Paine and Will Hurwitz
Less than a year after joining the board of African Bank Investments Limited (ABIL), the newest director finds himself in difficult discussions with other directors about removing the struggling company’s CEO. The case is set in South Africa in mid-2014 as shares in... View Details
Keywords: Ethics; Personal Finance; Corporate Accountability; Governing and Advisory Boards; Corporate Governance; Crisis Management; Insurance; Leadership; Management; Risk Management; Banking Industry; Financial Services Industry; Insurance Industry; Africa; South Africa
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Paine, Lynn S., and Will Hurwitz. "African Bank Investments Limited (A)." Harvard Business School Case 319-052, October 2018.
  • 17 Apr 2009
  • Working Paper Summaries

The Investment Strategies of Sovereign Wealth Funds

Keywords: by Shai Bernstein, Josh Lerner & Antoinette Schoar; Financial Services
  • April 2015 (Revised April 2015)
  • Case

Yale University Investments Office: February 2015

By: Josh Lerner
David Swensen and the Investments Office staff must decide whether to continue to allocate the bulk of the university's endowment to illiquid investments—hedge funds, private equity, real estate—given the impact of the recent market turmoil. The case explores the risks... View Details
Keywords: Asset Management; Resource Allocation; Investment; Venture Capital; Investment Funds; Property; Private Equity
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Lerner, Josh. "Yale University Investments Office: February 2015." Harvard Business School Case 815-124, April 2015. (Revised April 2015.)
  • Article

Investment in Commercial Construction

By: Joseph L. Bower
Keywords: Investment; Construction; Construction Industry
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Bower, Joseph L. "Investment in Commercial Construction." Review of Economics and Statistics 47, no. 3 (August 1965).
  • April 1984
  • Exercise

Present Value Investment Problems

By: F. Warren McFarlan
Keywords: Investment; Valuation
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McFarlan, F. Warren. "Present Value Investment Problems." Harvard Business School Exercise 184-182, April 1984.
  • October 2006 (Revised August 2008)
  • Background Note

Performing Industry Research to Inform Investment Decisions

Conducting thorough research about an industry is often an important component of investment analysis. Written specifically for HBS MBA students, provides guidance on how to perform industry research to inform investment decisions. Provides detailed information about... View Details
Keywords: Decision Choices and Conditions; Investment; Supply and Industry; Research
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El-Hage, Nabil N., and Ann Cullen. "Performing Industry Research to Inform Investment Decisions." Harvard Business School Background Note 207-069, October 2006. (Revised August 2008.)
  • 1991
  • Chapter

Japanese Foreign Direct Investment

By: K. A. Froot
Keywords: Market Imperfections; Financial Instruments; Markets; Asset Pricing; Foreign Direct Investment; Corporate Finance
Citation
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Froot, K. A. "Japanese Foreign Direct Investment." In U.S.-Japan Economic Forum. Vol. 1, edited by M. Feldstein and Y. Kosai. National Bureau of Economic Research, 1991. (Revised from NBER Working Paper No. 3737, June 1991.)
  • July–August 2023
  • Article

Investing in Growth Through Uncertainty

By: Ranjay Gulati
When faced with disruptions and downturns, many leaders and companies instinctively focus on cutting costs to maintain profitability. But some identify opportunities and then take thoughtful action to emerge from crisis even stronger. That means not only planning for... View Details
Keywords: Crisis Management; Strategic Planning
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Gulati, Ranjay. "Investing in Growth Through Uncertainty." Harvard Business Review 101, no. 4 (July–August 2023): 36–42.
  • 23 Aug 2013
  • Working Paper Summaries

Waves in Ship Prices and Investment

Keywords: by Robin Greenwood & Samuel Hanson
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