Capital Markets - Publications - Faculty & Research

Arthur J. Decio

Decio transformed his family’s company from a small coach firm in a garage in Indiana into one of the three largest builders of manufactured homes in the United States. Under his leadership, Skyline grew to 25 companies with 3,500 employees in 12 states. In the... View Details

Keywords: Construction & Real Estate

01 Sep 2012
News

High Honors

launched Tokyo-based Rakuten, a 10,000-person company that began as an online shopping mall and now includes banking, travel, e-book, and credit card divisions. With a market capitalization of approximately... View Details

Keywords: Susan Young; Finance; Corporate, Subsidiary, and Regional Managing Offices; Management; Mining; Management, Scientific, and Technical Consulting Services; Professional Services; Miscellaneous Store Retailers; Retail Trade

20 Mar 2023
News

Taking His Shot

Before Matija Pecotić (MBA 2019) beat Jack Sock—a tennis star once ranked 8th in the world—at a Florida tournament in February, he had to ask his boss for time off to compete. "I had to send an email to the whole team. [My boss] let me off," Pecotić, the director of... View Details

01 Dec 2015
News

Truth in Lending

economies, that financial data often doesn’t exist. Without a way to evaluate credit applicants, lenders are not inclined to make the type of small-business loans—for instance, just $5,000 for working capital or $20,000 for machinery—that... View Details

Keywords: April White

07 Nov 2005
What Do You Think?

Is Less Becoming More?

want to capitalize on the first-movers' research and development. . . . Regardless of the type of complexity, whether product- or choice-related, the consumer is ultimately overwhelmed." Addressing the issue of product complexity, K.... View Details

Keywords: by James Heskett; Consumer Products

19 May 2003
Research & Ideas

Expensing Options Won’t Hurt High Tech

and income statement will have no market effect. But to argue that proper costing of stock options would have a significant adverse impact on companies that make extensive use of them is to admit that the economics of stock options, as... View Details

Keywords: by Zvi Bodie, Robert S. Kaplan & Robert C. Merton

Profile

Adam Kanner

laptops. Savvy entrepreneurs often find opportunity where others find flaws. For Adam Kanner, a former vice president for marketing and business development for the National Basketball Association, the empty seats triggered a startup... View Details

Profile

Max Wibaux

GlaxoSmithKline. L’Oréal. Lindt & Sprungli. With a resumé that includes significant marketing roles in these and other CPG companies, Max Wibaux, MBA 2019, already has an impressive decade of experience behind him. "I loved the... View Details

Keywords: CPG

19 Nov 2018
Working Paper Summaries

Lazy Prices

Keywords: by Lauren Cohen, Christopher J. Malloy, and Quoc Nguyen; Financial Services

24 May 2004
Research & Ideas

When Reputation Trumps Regulation

governance violations were effectively cut off from the global capital markets and lost their future access to outside finance. A more reliable system for disclosure could allow far more firms from emerging... View Details

Keywords: by Ann Cullen

10 May 2004
Research & Ideas

Rethink the Value of Joint Ventures

impossible? These internal capital and product markets are growing in importance for these firms creating many opportunities and many obstacles. Our research shows that some firms are adapting quickly to... View Details

Keywords: by Cynthia Churchwell

Fast Answer

Betas

Room Media Collection Industry BETA Valuation handbook. Industry cost of capital. Ref. HG 4028 .V3 V34 in the Stamps Reading Room. Provides industry ratios by SIC code. Includes market capitalization, margins, equity valuation, and... View Details

01 Jun 2015
News

Case Study: Sneak Peak

company needed to launch a second flavor to expand its market and cross this threshold, but the capital required to scale-up a second product would challenge the team’s financial resources. The cofounders... View Details

Keywords: Whole Foods; Beverage and Tobacco Product Manufacturing; Manufacturing; Food and Beverage Stores; Retail Trade

09 Jan 2006
Research & Ideas

Rebuilding Commercial Real Estate

Students of recent United States real estate history can't help but notice unsettling parallels between the red-hot commercial market of the late 1980s and today. Then, as now, money gushed into the market, driving office and retail... View Details

Keywords: by Roger Thompson; Construction; Real Estate

D. Wayne Calloway

non-core businesses and encouraging risk-taking throughout the organization, Calloway posted phenomenal growth figures. He generated a fourfold increase in revenues from $8 billion to $32 billion and grew PepsiCo’s market View Details

Keywords: Food & Tobacco

15 Dec 2015
News

The Year in Ideas 2015

it resists bruising. For consumers, that means increased convenience—potatoes can be prepped in advance—and reduced food waste. The White Russet marketing campaign is unique, too. When the company introduced the potatoes into supermarkets... View Details

Keywords: Julia Hanna, Christine Lejeune, Dan Morrell, and April White

01 Dec 1998
News

Scott P. Mason Remembered

and was appointed chair of the Finance area at HBS. For many years, Mason taught the School's Capital Markets elective. To keep that course relevant during the 1980s, a period of sweeping changes in the... View Details

23 Jan 2006
Research & Ideas

Financial Reporting Goes Global

global accounting. As V.G. Narayanan and I were discussing the work on international accounting issues, it became clear that India was a very interesting case of many of these forces coming together. For example, while India's capital... View Details

Keywords: by Cynthia Churchwell; Accounting; Financial Services

02 Oct 2007
First Look

First Look: October 2, 2007

This paper examines the effect of corporate governance on investor reactions to accounting choice in the context of accounting for business combinations. Using a sample of 324 recent stock swap acquisitions I find that, contrary to practitioners' belief that View Details

Keywords: Martha Lagace

January 2024
Case

Fusion Industry Association: Igniting the Future of Clean Energy

By: Joshua Lev Krieger, Jim Matheson, Kyle R. Myers and Henry Tao

Fusion energy is evolving from a scientific idea to a commercial possibility, drawing large investments and regulatory discussions; how should the FIA navigate this evolution?

The Fusion Industry Association (FIA) is at the forefront of transforming fusion... View Details