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  • All HBS Web  (4,134)
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  • February 2023 (Revised March 2023)
  • Case

The LPGA’s Long Drive Toward Gender Equity

By: Boris Groysberg and Alexis Lefort
This case provides a history of the Ladies Professional Golf Association (LPGA) and examines the reasons for the gender pay gap in professional sports. The case protagonist, the commissioner of the LPGA, wrestles with the opportunities and challenges the LPGA currently... View Details
Keywords: Decision Making; Gender; Growth and Development Strategy; Mission and Purpose; Sports Industry; United States
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Groysberg, Boris, and Alexis Lefort. "The LPGA’s Long Drive Toward Gender Equity." Harvard Business School Case 423-037, February 2023. (Revised March 2023.)
  • December 2018 (Revised February 2019)
  • Teaching Note

The Case of the Unidentified Equity Managers

By: Samuel G. Hanson
Teaching Note for HBS No. 217-055. View Details
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Hanson, Samuel G. "The Case of the Unidentified Equity Managers." Harvard Business School Teaching Note 219-067, December 2018. (Revised February 2019.)
  • March 2018
  • Supplement

Hatch Startup Equity Valuation Exercise (Student Version)

By: Christopher Stanton and Shikhar Ghosh
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Stanton, Christopher, and Shikhar Ghosh. "Hatch Startup Equity Valuation Exercise (Student Version)." Harvard Business School Spreadsheet Supplement 818-704, March 2018.
  • 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.
  • December 2007 (Revised April 2008)
  • Exercise

The Elcer Products Transaction: Confidential Information for Pearl Equity Partners

By: James K. Sebenius
In a six-party negotiation exercise, the TNDA Corp. plans to sell the Elcer Products Division to one of four potential buyers (industrial, financial, U.S., German). This case contains confidential information for the Pearl Equity Partners management role. Challenges... View Details
Keywords: Negotiation
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Sebenius, James K. "The Elcer Products Transaction: Confidential Information for Pearl Equity Partners." Harvard Business School Exercise 908-031, December 2007. (Revised April 2008.)
  • 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.)
  • 03 May 2016
  • Working Paper Summaries

Pay Now or Pay Later? The Economics within the Private Equity Partnership

Keywords: by Victoria Ivashina and Josh Lerner; Banking; Financial Services
  • August 2012 (Revised July 2015)
  • Background Note

A Note on Valuation in Private Equity

By: Paul A. Gompers
This note will provide an overview of valuation methodologies in private equity. View Details
Keywords: Valuation; Valuation Methodologies; Private Equity; Leveraged Buyouts
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Gompers, Paul A. "A Note on Valuation in Private Equity." Harvard Business School Background Note 213-034, August 2012. (Revised July 2015.)
  • August 1992
  • Article

Convertible Bonds as 'Back Door' Equity Financing

Keywords: Bonds; Equity; Finance
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Stein, Jeremy. "Convertible Bonds as 'Back Door' Equity Financing." Journal of Financial Economics 32, no. 1 (August 1992): 3–21.
  • 2016
  • Working Paper

Pay Now or Pay Later? The Economics within the Private Equity Partnership

By: Victoria Ivashina and Josh Lerner
The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain unclear. We examine 717 private equity partnerships and show that (a) the... View Details
Keywords: Partnerships; Leveraged Buyout; Venture Capital; Private Equity; Partners and Partnerships; Leveraged Buyouts
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Ivashina, Victoria, and Josh Lerner. "Pay Now or Pay Later? The Economics within the Private Equity Partnership." Harvard Business School Working Paper, No. 16-119, March 2016.
  • 2013
  • Working Paper

The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry

By: Albert W. Sheen and Shai Bernstein
What, if anything, do private equity firms do with businesses they acquire? We find evidence of significant operational changes in 101 restaurant chain buyouts between 2002 and 2012. Analysis of health inspections conducted for over 50,000 stores in Florida shows that... View Details
Keywords: Safety; Quality; Private Equity; Food; Management Practices and Processes; Leveraged Buyouts; Performance Efficiency; Retail Industry; Food and Beverage Industry; Florida
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Sheen, Albert W., and Shai Bernstein. "The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry." Working Paper, June 2013.
  • February 2000 (Revised April 2004)
  • Case

Butler Capital Partners and Autodistribution: Putting Private Equity to Work in France

Describes a proposed buyout transaction of Autodistribution, an entrepreneurial firm that is the leading car-parts distributor in France. The deal became feasible because of a failed takeover battle for Autodistribution's parent company. Private equity investor Butler... View Details
Keywords: Private Equity; Leveraged Buyouts; Valuation; Executive Compensation; Entrepreneurship; Distribution Industry; Auto Industry; France
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Kuemmerle, Walter, and William J. Coughlin Jr. "Butler Capital Partners and Autodistribution: Putting Private Equity to Work in France." Harvard Business School Case 800-224, February 2000. (Revised April 2004.)
  • 30 Apr 2009
  • Working Paper Summaries

Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors

Keywords: by Sharon P. Katz; Financial Services
  • September 1996 (Revised October 1996)
  • Case

Private Equity Investment in Russia: Alliance Cellulose Limited

By: Andre F. Perold, James Gray and Roberto Mignone
Keywords: Private Equity; Investment; Russia
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Perold, Andre F., James Gray, and Roberto Mignone. "Private Equity Investment in Russia: Alliance Cellulose Limited." Harvard Business School Case 297-005, September 1996. (Revised October 1996.)
  • June 2022 (Revised February 2024)
  • Teaching Note

A Case in Point: Shared Home Equity

By: Daniel Green, Boris Vallee and Sean Bracken
Teaching Note for HBS Case No. 221-026. View Details
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Green, Daniel, Boris Vallee, and Sean Bracken. "A Case in Point: Shared Home Equity." Harvard Business School Teaching Note 222-090, June 2022. (Revised February 2024.)
  • August 2020
  • Article

Macroeconomic Drivers of Bond and Equity Risks

By: John Y. Campbell, Carolin E. Pflueger and Luis M. Viceira
Our new model of consumption-based habit generates time-varying risk premia on bonds and stocks from loglinear, homoskedastic macroeconomic dynamics. Consumers' first-order condition for the real risk-free bond generates an exactly loglinear consumption Euler equation,... View Details
Keywords: Consumption-based Habit Formation; Consumption Euler Equation; Time-varying Risk Premia; Inflation Dynamics; Bond-stock Correlation; Risk and Uncertainty; Bonds; Macroeconomics
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Campbell, John Y., Carolin E. Pflueger, and Luis M. Viceira. "Macroeconomic Drivers of Bond and Equity Risks." Journal of Political Economy 128, no. 8 (August 2020): 3148–3185.
  • July – August 1996
  • Article

Manage Marketing by the Customer Equity Test

By: Robert C. Blattberg and J. A. Deighton
Keywords: Marketing; Customers
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Blattberg, Robert C., and J. A. Deighton. "Manage Marketing by the Customer Equity Test." Harvard Business Review 74, no. 4 (July–August 1996): 136–144.
  • February 2017 (Revised December 2017)
  • Case

The Case of the Unidentified Equity Managers

By: Samuel G. Hanson
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Hanson, Samuel G. "The Case of the Unidentified Equity Managers." Harvard Business School Case 217-055, February 2017. (Revised December 2017.)
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