Corporate Finance - Publications - Faculty & Research

01 Sep 2009
News

Alumni Books

mistakes that doom individual investors to market underperformance. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions by Joshua Rosenbaum (MBA ’01) and Joshua Pearl (Wiley) As the world of finance returns to the... View Details

10 Jun 2022
Blog Post

New Venture Competition 2022: Business and Environment Ventures

anywhere, anytime. SunriseDomingo Garcia-Huidobro, MBA 2022Solar marketplace for Latin America connecting homeowners, qualified local installers, and banks. Our mission is to offer a hassle-free digital platform to design, quote, and View Details

July 2024 (Revised September 2024)
Case

Shell’s Balancing Act: Resource Allocation and the Green Transition (Abridged)

By: David Collis and Haisley Wert

In mid-2023, amid pressure from climate change activists, shareholder activists, and confronting enormous uncertainty about the future demand for and price of fossil fuels, new Shell CEO Wael Sawan (Harvard MBA 2003) announced a change in strategy for the U.K. oil... View Details

Keywords: Oil ＆ Gas; Renewables; Forecasting Demand; Strategy; Energy; Climate Change; Resource Allocation; Corporate Strategy; Investment Activism; Organizational Change and Adaptation; Organizational Culture; Energy Industry

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Educators

06 Dec 2021
News

Truth Be Told

interesting to understand the other avenues of motivating employees to come forward. To do that, we would need to study to what extent the environment within a company or specific society plays a role. What elements of corporate culture... View Details

Keywords: April White; Corporate, Subsidiary, and Regional Managing Offices; Management

September 2023
Teaching Note

Patagonia: 'Earth Is Now Our Only Shareholder'

By: Brian Trelstad, Nien-hê Hsieh, Michael Norris and Susan Pinckney

Teaching Note for HBS Case No. 323-057. Patagonia’s change of ownership from a privately held company to a perpetual purpose trust and 501(c)(4) nonprofit in order to use the company’s profit to fight the environmental crisis and be a model for future businesses. View Details

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September 2011 (Revised August 2015)
Case

ScoreBig

By: William A. Sahlman, Jeffrey Glass and Evan W. Richardson

The founding team at ScoreBig, an event ticketing company, is on the verge of a public launch of their product. The company has made great progress in negotiating access to tickets, designing its interface, and building a proprietary architecture. For consumers,... View Details

Keywords: Business Model; Marketing Strategy; Product Launch; Business Startups; Business Strategy; Corporate Finance; Entertainment and Recreation Industry

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July 1984 (Revised September 1986)
Case

CML Group, Inc.: Going Public (A)

By: William A. Sahlman

Describes a series of decisions confronting Charles Leighton, co-founder and chairman of the CML Group. CML is a successful participant in the leisure time industry with two lines of business: specialty retailing and recreational consumer products. The key issues in... View Details

Keywords: Valuation; Going Public; Strategy; Business or Company Management; Cost vs Benefits; SWOT Analysis; Investment Banking; Financing and Loans; Planning; Corporate Finance; Retail Industry; Consumer Products Industry

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October 2017
Teaching Note

Canadian Pacific's Bid for Norfolk Southern

By: Benjamin C. Esty and E. Scott Mayfield

Teaching Note for HBS No. 216-057. View Details

Keywords: Capital Structure; Cash Flow; Cost of Capital; Financial Strategy; Investment Activism; Bids and Bidding; Negotiation Offer; Corporate Strategy; Rail Transportation; Mergers and Acquisitions; Transformation

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25 Jul 2017
First Look

First Look at New Research and Ideas: July 25, 2017

dynamics of cities. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=52917 forthcoming The Corporate Contract in Changing Times: Is the Law Keeping Up? Using the Deal Price for Determining 'Fair Value' in Appraisal... View Details

Keywords: Carmen Nobel

24 Jun 2008
First Look

First Look: June 24, 2008

(Winner of the Barclays Global Investors Award, Best Paper in Asset Pricing, European Finance Association 2007) Abstract This paper uses social networks to identify information transfer in security markets. We focus on connections between... View Details

Keywords: Martha Lagace

25 Jul 2006
First Look

First Look: July 25, 2006

pursued flexible business strategies beyond its "core" business, even distributing condoms. It maintained a high standard of corporate ethics. It was effective at building contacts with local business and government elites,... View Details

Keywords: Sean Silverthorne

01 Mar 2014
News

Faculty and Alumni Books for March 2014

decisions about which extracurricular activities to pursue, which schools to apply to, and which topics to choose for their essays. An Introduction to Real Estate Finance by Edward A. Glickman (MBA 1981) (Academic Press) This textbook for... View Details

13 Nov 2018
News

Building a New Real Estate Investment Model

investors—they require houses be purchased one at a time and often have complicated tax codes—but Davis, who served as vice president of real estate for the New York City Economic Development Corporation under Mayor Michael Bloomberg (MBA... View Details

Keywords: April White; Real Estate

Web

Past Issues - Alumni

new generation of investors—and what happens when finance becomes a common language Happy Returns HBS celebrates reunions on a grand scale Complete Table of Contents June 2022 Alumni Achievement Awards 2022 This year’s recipients of the... View Details

07 Apr 2011
What Do You Think?

When Should the Public Sector Take Over in a Meltdown?

meltdown is. As Philippe Gouamba puts it, "Is it a partial collapse or a total collapse? What is at risk in this collapse; is it human lives, corporate capital or national pride?" Having asked these questions, he opts for... View Details

Keywords: by Jim Heskett; Energy; Utilities

February 2020 (Revised September 2021)
Supplement

Mission Related Investments at the Ford Foundation (B)

By: Shawn Cole, Michael Norris and T. Robert Zochowski

Supplements the (A) case. View Details

Keywords: Mission-Related Investing; Philanthropy; Foundation; Endowments; Socially Responsible Investing; Investment; Institutional Investing; Investment Activism; Governance; Corporate Social Responsibility and Impact; Mission and Purpose; Social Enterprise; Philanthropy and Charitable Giving; United States

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June 2016
Supplement

FANUC Corporation: Reassessing the Firm's Governance and Financial Policies Spreadsheet Supplement

By: Benjamin C. Esty and Akiko Kanno

In February 2015, Daniel Loeb (a US-based activist investor) announced his firm had a large investment in FANUC Corporation, a leading producer of industrial robots and software for machine tools. Loeb was demanding that the Japanese firm change its financial and... View Details

Keywords: Financial Management; Valuation; Investment Funds; Policy; Corporate Governance; Macroeconomics; Investment Activism; Change Management; Financial Strategy; Cross-Cultural and Cross-Border Issues; Japan; United States

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30 Jun 2015
First Look

First Look: June 30, 2015

https://www.hbs.edu/faculty/Pages/item.aspx?num=46138 Forthcoming Accounting Review An Analysis of Self-reported Anticorruption Efforts By: Healy, Paul M., and George Serafeim Abstract—We use Transparency International's ratings of self-reported anticorruption efforts... View Details

Keywords: Carmen Nobel

2003
Book

Profits You Can Trust: Spotting and Surviving Accounting Landmines

By: H. David Sherman, S. David Young and Harris Collingwood

Profits You Can Trust gives managers, directors, lenders, audit partners and analysts a clear framework to demystify global financial reporting in a market fraught with danger. Filled with provocative and enlightening examples, it offers a fresh perspective and clear... View Details

Keywords: Accounting; Corporate Finance; Economics; Financial Reporting

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July 2013
Case

Jackson Automotive Systems

By: William E. Fruhan and Wei Wang

Jackson Automotive Systems produces automotive parts for advanced heating and air conditioning systems, engine cooling systems, fuel injection and transfer systems, and various other engine parts and it supplies them to the automotive industry primarily in Michigan.... View Details

Keywords: Production; Financial Crisis; Corporate Finance; Manufacturing Industry; Auto Industry; Michigan

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