Publications

01 Oct 2002
News

Pearson Hunt Remembered

also contributed to the theory of capital budgeting and to the development of a more realistic application of the cost of capital to investment decisions. In the midst of this... View Details

02 Sep 2015
Research & Ideas

Explaining China's Crash

MBA 1988) is a professor of management practice at Harvard Business School. For two decades, he ran equity capital markets for Goldman Sachs, Merrill Lynch, and Morgan Stanley. His casework focuses on international investment, sovereign... View Details

Keywords: by Christina Pazzanese; Financial Services

April 1999 (Revised September 2001)
Case

Penelope's Personal Pocket Phones

By: Paul A. Gompers

Provides students with an opportunity to use simple real options analysis to value a startup. Penelope Phillips is deciding whether to start a company to make wireless phones. Students get experience using traditional discounted cash flow valuation and a real options... View Details

Keywords: Valuation; Entrepreneurship; Business Startups; Mobile and Wireless Technology; Capital Budgeting; Corporate Finance; Manufacturing Industry; Electronics Industry

31 Aug 2020
Research & Ideas

State and Local Governments Peer Into the Pandemic Abyss

state and local governments, balanced budget requirements force them to save up in advance or beg Congress for federal support.” Most states are required by law to carry balanced budgets and can only borrow... View Details

Keywords: by Kristen Senz

May 2008 (Revised June 2009)
Case

Finansbank 2006

By: C. Fritz Foley and Linnea Meyer

How do financial policy requirements and benefits of ownership concentration affect the need for and process of corporate restructuring? This case provides students with an opportunity to analyze the restructuring of a Turkish multinational business group by way of a... View Details

Keywords: Leveraged Buyouts; Mergers and Acquisitions; Restructuring; Capital Budgeting; Agreements and Arrangements; Valuation; Turkey; Greece

Web

HBS - Financials | From the CFO

deficit for the fiscal year. The School's capital budget for fiscal 2022 is approximately $32 million, consisting primarily of building renovations and additional upgrades to the hybrid classrooms.... View Details

11 Oct 2022
News

Righting the Ship

When Ross Stuckey (PLDA 21, 2016) joined the NAVSEA Warfare Centers—a part of the naval research labs responsible for developing science and tech for national defense—as their capital improvement program (CIP) manager in 2016, he was... View Details

Keywords: Maureen Harmon

01 Mar 2012
News

School’s Financial Picture Brighter than Expected

HBS finished fiscal year 2011 with a stronger financial performance than expected despite the lingering effects of the recent recession. Revenue for the year July 1, 2010, to June 30, 2011, exceeded the budget by nearly 9 percent,... View Details

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

01 Mar 2012
News

Social Investing Pioneers

allocation to this new asset class of social investment, the same way that venture capital and private equity benefit today from such allocations.” The idea is taking off in the United States. President Obama proposed $100 million in his... View Details

Keywords: Roger Thompson; Funds, Trusts, and Other Financial Vehicles; Finance; Social Assistance; Health, Social Assistance

September 2006
Case

Earthbound Farm

By: William A. Sahlman and Alison Berkley Wagonfeld

Describes a set of decisions confronting the senior management of Earthbound Farm, the largest organic produce company in the world. Focuses on what to do with an East Coast distribution center that is losing money but may be useful strategically. View Details

Keywords: Plant-Based Agribusiness; Distribution; Food; Corporate Entrepreneurship; Management Teams; Capital Budgeting; Business or Company Management; Business Strategy; Corporate Finance; Food and Beverage Industry; Agriculture and Agribusiness Industry

Find at Harvard

Web

HBS - Financials | From the Chief Financial Officer

School’s other line items are expected to increase 12 percent, primarily related to investments to grow Executive Education, HBP, and HBS Online. The School’s capital budget for fiscal 2023 is $39 million, 9... View Details

September 1990 (Revised June 1994)
Case

Catawba Industrial Co.

By: Francis Aguilar

A department general manager has to decide whether or not to add a lightweight compressor to the line, what price to charge, and what volume to produce. The analysis requires maximizing contribution in a situation where one factor is constrained. As such, it takes into... View Details

Keywords: Cost vs Benefits; Capital Budgeting; Business Earnings; Cost Accounting; Cost Management; Asset Pricing

01 Feb 2002
News

One Two Punch

noted, were some one hundred thousand jobs lost due to the economic downturn and a multibillion-dollar budget gap. The new mayor has said he will not raise taxes but will cut expenses and impose a hiring freeze. Bloomberg took the oath of... View Details

Keywords: Executive, Legislative, and Other General Government Support; Government

03 Apr 2006
Research & Ideas

The Competitive Advantage of Global Finance

of these firms face various issues—including management of exchange rate risk, how to structure their internal capital markets, how to do capital budgeting worldwide, and how... View Details

Keywords: by Sean Silverthorne; Financial Services

23 Jul 2001
Research & Ideas

How One Center of Innovation Lost its Spark

preceding decades. Similarly, the assumption that tires was a growth industry was enacted through the capital budgeting process that resulted in a steady stream of new factories being built to meet rising... View Details

Keywords: by Donald Sull; Manufacturing; Transportation; Auto

Web

Field Course: Life Sciences Venture Creation - Course Catalog

budgets and timelines, using these tools to develop a business model and resource the venture, exploring the process of building a syndicate and establishing a board of advisors, finding human talent to accomplish scientific goals, and... View Details

01 Sep 2015
First Look

First Look -- September 1, 2015

when the sovereign is temporarily excluded from capital markets. Differently from previous analyses, we assume that in addition to accumulating international reserves, countries can borrow internationally using their own currency. As... View Details

Keywords: Sean Silverthorne

July 1990 (Revised October 1992)
Case

Consolidated Equipment Co.

By: Samuel L. Hayes III

A mature company seeks to rejuvenate itself with internal R&D and external acquisitions. It has developed a DCK model for analyzing the value of a proposed acquisition. A rewritten version of an earlier case by J.K. Butters. View Details

Keywords: Organizational Change and Adaptation; Valuation; Business Growth and Maturation; Research and Development; Acquisition; Capital Budgeting