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  • September 1998 (Revised May 2011)
  • Background Note

Note on Private Equity Information Sources

By: Josh Lerner and Ann Leamon
Provides an overview of key information sources about venture capital and private equity. View Details
Keywords: Venture Capital; Private Equity; Investment; Knowledge Acquisition
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Lerner, Josh, and Ann Leamon. "Note on Private Equity Information Sources." Harvard Business School Background Note 299-018, September 1998. (Revised May 2011.)
  • May 1991
  • Background Note

Interpretation and Analysis of Stockholders' Equity

By: David F. Hawkins
Keywords: Equity; Stocks
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Hawkins, David F. "Interpretation and Analysis of Stockholders' Equity." Harvard Business School Background Note 191-143, May 1991.
  • Aug 2021
  • Conference Presentation

Intervening to Advance Equity in Tech

By: R. Ely, Sanaz Mobasseri and Wiliam Kahn
Citation
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Ely, R., Sanaz Mobasseri, and Wiliam Kahn. "Intervening to Advance Equity in Tech." Paper presented at the Academy of Management Annual Meeting, August 2021.
  • Article

Caveat Emptor in Real Estate Equities

By: Samuel Hayes and Leonard M. Harlan
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Hayes, Samuel, and Leonard M. Harlan. "Caveat Emptor in Real Estate Equities." Harvard Business Review 50, no. 2 (March–April 1972): 86–96.
  • Article

Dishonesty in the Name of Equity

By: F. Gino and L. Pierce
Keywords: Ethics
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Gino, F., and L. Pierce. "Dishonesty in the Name of Equity." Psychological Science 20, no. 9 (September 2009): 1153–1160.
  • May 2009
  • Teaching Note

Equity International: The Second Act (TN)

By: Nicolas P. Retsinas and Ben Creo
Teaching Note for [209110]. View Details
Keywords: Private Equity; Investment; Alignment; Leadership Style; Experience and Expertise; Globalization; Interests; Brazil; Mexico
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Retsinas, Nicolas P., and Ben Creo. "Equity International: The Second Act (TN)." Harvard Business School Teaching Note 209-147, May 2009.
  • December 1994 (Revised September 2012)
  • Background Note

Note on Valuing Equity Cash Flows

By: Timothy A. Luehrman
A technical note for advanced students on the topic of valuing highly-levered equity. Introduces the "equity cash flow" valuation methodology, shows how to use it, discusses the sources and signs of its built-in biases, and provides some guidance about when to use it. View Details
Keywords: Cash Flow; Equity; Valuation
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Luehrman, Timothy A. "Note on Valuing Equity Cash Flows." Harvard Business School Background Note 295-085, December 1994. (Revised September 2012.)
  • June 2023 (Revised January 2024)
  • Case

Siemens AG: A Private Equity Approach within an Industrial Corporation?

By: David J. Collis and Haisley Wert
In July 2022, Horst Kayser, Chairman of Siemens AG Portfolio Companies (POC), was reflecting on the advice he could offer Roland Busch, Chief Executive Officer of the parent company Siemens AG, about whether and how to operate a private equity-like approach inside the... View Details
Keywords: Strategy; Management; Value Creation; Private Equity; Corporate Strategy
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Collis, David J., and Haisley Wert. "Siemens AG: A Private Equity Approach within an Industrial Corporation?" Harvard Business School Case 723-420, June 2023. (Revised January 2024.)
  • Article

The Disintermediation of Financial Markets: Direct Investing in Private Equity

By: Lily Fang, Victoria Ivashina and Josh Lerner
We examine twenty years of direct private equity investments by seven large institutions. These direct investments perform better than public market indices, especially buyout investments and those made in the 1990s. Outperformance by the direct investments, however,... View Details
Keywords: Financial Intermediation; Direct Investment; Co-investment; Private Equity; Entrepreneurship; Financial Markets
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Fang, Lily, Victoria Ivashina, and Josh Lerner. "The Disintermediation of Financial Markets: Direct Investing in Private Equity." Journal of Financial Economics 116, no. 1 (April 2015): 160–178.
  • 21 Feb 2023
  • News

What's Missing from the Racial Equity Dialogue?

  • 2004
  • Class Lecture

Boom and Bust in Private Equity

By: Josh Lerner
Keywords: Private Equity
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Lerner, Josh. "Boom and Bust in Private Equity." Boston: Harvard Business School Publishing Class Lecture, 2004. Electronic. (Faculty Lecture: HBSP Product Number 9-756-1C.)
  • 2024
  • Working Paper

Does the Case for Private Equity Still Hold?

By: Nori Gerardo Lietz and Philipp Chvanov
Private Equity (“PE”) received a 10-fold increase in capital flows since the Great Financial Crisis (“GFC”) Investors sought higher nominal returns relative to those they could obtain in the public capital markets. This paper questions the fundamental assumptions... View Details
Keywords: Private Equity; Investment Return; Investment Portfolio; Financial Markets
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Lietz, Nori Gerardo, and Philipp Chvanov. "Does the Case for Private Equity Still Hold?" Harvard Business School Working Paper, No. 24-066, January 2024.
  • 23 Sep 2020
  • News

HBS Action Plan for Racial Equity

This week, Dean Nohria shared the School’s Action Plan for Racial Equity in a letter to the HBS community. “The horrifying murder of George Floyd, and an all too long history of similar injustices, has spurred our collective awakening to... View Details
  • June 2009
  • Teaching Note

Negotiating Equity Splits at UpDown (TN)

By: Noam T. Wasserman and Deepak Malhotra
Teaching Note for [809020]. View Details
Keywords: Equity; Agreements and Arrangements; Investment; Groups and Teams; Entrepreneurship; Contracts; Ownership Stake
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Wasserman, Noam T., and Deepak Malhotra. "Negotiating Equity Splits at UpDown (TN)." Harvard Business School Teaching Note 809-133, June 2009.

    Creating Value through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups

    From the publisher:  Stuart Gilson is one of the leading corporate restructuring experts in the United States, teaching thousands of students and consulting with numerous companies. Now, in the second edition of this bestselling book, Gilson returns to... View Details

    • 18 Dec 2020
    • News

    Progress Update on Racial Equity Plan

    This week, HBS offered a progress update on its Racial Equity Plan—a seven-part action plan developed by the Dean’s Anti-Racism Task Force and released in September. In the past three months, the School’s progress has included launching a... View Details
    • 1978
    • Book

    Equity Valuation: Models, Analysis and Implications

    By: David Hawkins and Walter J. Campbell
    Keywords: Equity; Valuation; Theory
    Citation
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    Hawkins, David, and Walter J. Campbell. Equity Valuation: Models, Analysis and Implications. New York: Financial Executives Research Foundation, 1978.
    • July 2001 (Revised January 2007)
    • Case

    Lehman Brothers (C): Decline of the Equity Research Department

    By: Ashish Nanda and Boris Groysberg
    This case tracks the rapid decline of Lehman Brothers' equity research department from August 1992, when, beset by declining ranking, low morale, and high turnover, firm management decides to clean house and reinvest in building the department. View Details
    Keywords: Organizational Change and Adaptation; Business or Company Management; Leadership; Human Resources; Financial Services Industry
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    Nanda, Ashish, and Boris Groysberg. "Lehman Brothers (C): Decline of the Equity Research Department." Harvard Business School Case 902-003, July 2001. (Revised January 2007.)
    • Web

    Timeline - Race, Gender & Equity

    becomes first state to ban employers from asking candidates about past salaries in an effort to combat pay inequality, resulting in 20 states doing the same An Act to Establish Pay Equity 2018 Genetic Information Nondiscrimination Act... View Details
    • Web

    Sexual Harassment - Race, Gender & Equity

    Life & Leadership After HBS Pervasive & Pernicious: Sexual Harassment at Work In 2018, as the #MeToo movement brought new attention to the prevalence of sexual harassment at work, we asked Harvard Business School alumni* about harassment and misconduct in their current... View Details
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