Publications

2011
Chapter

Financing the Venturesome Economy

By: Amar Bhidé

18 Jul 2010
News

Renewed focus on finance

07 Jul 2016
Blog Post

Can You Learn Finance through the Case Method?

confident in my business-related quantitative skills coming into HBS. I had never taken a single economics class in my life and had no exposure – and I truly mean zero – to accounting or finance. In fact, developing an understanding of basic View Details

October 2000 (Revised April 2003)
Background Note

Project Finance Research, Data, and Information Sources

By: Benjamin C. Esty and Fuaad Qureshi

Documents the major sources of project finance research and data. It is to be a reference guide for MBA students writing for the elective curriculum course, Large-scale Investment, and for others interested in the field of project finance. View Details

Keywords: Analytics and Data Science; Project Finance; Research; Investment

2010
Chapter

The Financing of R&D and Innovation

By: Bronwyn H. Hall and Josh Lerner

Evidence on the “funding gap” for investment innovation is surveyed. The focus is on financial market reasons for underinvestment that exist even when externality-induced underinvestment is absent. We conclude that while small and new innovative firms experience high... View Details

Keywords: Research and Development; Innovation and Invention; Venture Capital; Corporate Finance

Research Summary

Leading The Finance Function in the Future

Marc L. Bertoneche is analyzing, for research and teaching purposes, the trends of the finance function in various parts of the world and its increasing role as a strategic partner in business decisions. View Details

Web

Finance Curriculum - Faculty & Research

Finance Overview Faculty Curriculum Seminars & Conferences Awards & Honors Doctoral Students MBA Required Curriculum (FIRST YEAR) Finance I This course examines the role of View Details

October 2019
Article

Returns to Talent and the Finance Wage Premium

By: Boris Vallée and Claire Célérier

To study the role of talent in finance workers' pay, we exploit a special feature of the French higher education system. Wage returns to talent have been significantly higher and have risen faster in finance since the 1980s than in other sectors. Both wage returns to... View Details

Keywords: Compensation; Finance; Compensation and Benefits; Wages; Banking Industry

28 Nov 2018
Blog Post

Making the Switch from Finance to Fitness

“Fitness is your hobby. Finance is your career.” - Words so false that they changed my life. Finance After graduating from Yale University, I joined the fast-paced world of Foreign Exchange (FX) at a large... View Details

Keywords: Entertainment / Media / Sports

Article

Corporate Social Responsibility and Access to Finance

By: Beiting Cheng, Ioannis Ioannou and George Serafeim

In this paper, we investigate whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance. We hypothesize that better access to finance can be attributed to a) reduced agency costs due to enhanced stakeholder... View Details

Keywords: Corporate Social Responsibility; Sustainability; Capital Constraints; ESG (Environmental, Social, Governance) Performance; Stakeholder Engagement; Disclosure; Corporate Disclosure; Corporate Social Responsibility and Impact; Environmental Sustainability; Capital

SSRN

15 Mar 2020
News

Lenders scour financing documents amid market volatility

2008
Working Paper

Cost of External Finance and Selection into Entrepreneurship

By: Ramana Nanda

This paper examines the extent to which the positive relationship between personal wealth and entry into entrepreneurship is due to financing constraints. I exploit a tax reform and use unique micro-data from Denmark to study how exogenous changes in the cost of... View Details

Keywords: Business Startups; Entrepreneurship; Cost; Financing and Loans; Personal Finance; Human Capital; Wealth; Denmark

2021
Working Paper

Impact Investing: A Theory of Financing Social Enterprises

By: Benjamin N. Roth

I present a model of financing social enterprises to delineate the role of impact investors relative to “pure” philanthropists. I characterize the optimal scale and structure of a social enterprise when financed by grants, and when financed by investments. Impact... View Details

Keywords: Impact Investing; Social Entrepreneurship; Finance; Investment; Mathematical Methods

SSRN

2012
Book

Venture Capital, Private Equity, and the Financing of Entrepreneurship

By: Josh Lerner, Ann Leamon and Felda Hardymon

Venture Capital, Private Equity, and the Financing of Entrepreneurship stems from a realization that private equity overall—defined in this volume as venture capital and buyouts but excluding hedge funds—has become a vastly more sizable and influential part of the... View Details

Keywords: Venture Capital; Private Equity; Financing and Loans; Entrepreneurship

Purchase

Web

Business Finance Course Online | HBS Online

This course is part of the Finance & Accounting track. Introduction to Leading with Finance ENROLL NOW No application needed for our certificate programs. Start your journey today! Leading with View Details

April 2005 (Revised April 2005)
Background Note

An Overview of Project Finance - 2004 Update

By: Benjamin C. Esty and Aldo Sesia

Introduces the field of project finance and provides a statistical overview of the project-financed investments over the last five years. Defines project finance and contrasts it with other well-known financing structures. Describes the evolution of project finance,... View Details

Keywords: Project Finance; Investment; Projects; Trends

Educators

Purchase

01 Oct 1999
News

Finance Conference Explores Research Methodologies

While HBS scholars have long appreciated the value of field-based research, the broader academic community in the field of finance has been slower to accept this method of inquiry. Field-based research, which closely studies the actions... View Details

April 2000 (Revised April 2004)
Case

Infosys: Financing an Indian Software Start-Up

Describes the financing and growth of Infosys, an Indian software start-up. Infosys defies a number of stereotypes about barriers to entrepreneurship in India. The company was founded by a small group of entrepreneurs with little equity and without backing from a large... View Details

Keywords: Business Growth and Maturation; Applications and Software; Financing and Loans; Business Startups; Growth and Development Strategy; Information Technology Industry; India