by Carliss Y. Baldwin - Publications - Faculty & Research

July 2001
Technical Note

Technical Note on LBO Valuation (A): LBO Structure and the Target IRR Method of Valuation

Explains the equity cash flow method of valuation as it applies to leveraged buyouts. Also explains: 1) earnings and cash flow forecasts, 2) debt structure and the cash sweep, 3) the cashing out horizon and terminal valuation, and 4) the target IRR method of valuation. View Details

Keywords: Valuation; Leveraged Buyouts; Capital Budgeting; Borrowing and Debt; Cash Flow; Equity; Profit; Price; Forecasting and Prediction

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August 2000 (Revised July 2002)
Background Note

Fundamental Enterprise Valuation: Advantage Horizon

By: Carliss Y. Baldwin

A technical note that defines advantage horizon. View Details

Keywords: Valuation; Business Ventures

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August 2000 (Revised July 2002)
Background Note

Fundamental Enterprise Valuation: Earnings

By: Carliss Y. Baldwin

A technical note that defines earnings. View Details

Keywords: Valuation; Business Ventures; Profit

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29 Jan 2013
First Look

First Look: Jan. 29

Modularity in Software Ecosystems: How SugarCRM's IP and Business Model Shape Its Product Architecture Authors:Watl, Josef, Joachim Henkel, and Carliss Y. Baldwin... View Details

Keywords: Sean Silverthorne

15 Feb 2011
First Look

First Look: Feb. 15

abstract is unavailable at this time. Download the paper: http://www.hbs.edu/research/pdf/10-067.pdf How Firm Strategies Influence the Architecture of Transaction Networks Authors:Jianxi Luo, Daniel E. Whitney, Carliss View Details

Keywords: Sean Silverthorne

23 Oct 2018
First Look

New Research and Ideas, October 23, 2018

Organizations: Chapter 7 The Value Structure of Technologies, Part 2: Technical and Strategic Bottlenecks as Guides for Action By: Baldwin, Carliss Y. Abstract—The purpose of this chapter is to present... View Details

Keywords: Dina Gerdeman

October 2014
Article

Hidden Structure: Using Network Methods to Map System Architecture

By: Carliss Y. Baldwin, Alan MacCormack and John Rusnak

In this paper, we describe an operational methodology for characterizing the architecture of complex technical systems and demonstrate its application to a large sample of software releases. Our methodology is based upon directed network graphs, which allows us to... View Details

Keywords: Architecture; Modularity; Dominant Designs; Complexity; Product Design; Software

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08 Dec 2009
First Look

First Look: Dec. 8

Working Papers Modeling a Paradigm Shift: From Producer Innovation to User and Open Collaborative Innovation Authors: Carliss Y. Baldwin and Eric von Hippel Abstract In this... View Details

Keywords: Martha Lagace

2012
Article

The Architecture of Transaction Networks: A Comparative Analysis of Hierarchy in Two Sectors

By: Jianxi Luo, Carliss Y. Baldwin, Daniel E. Whitney and Christopher L. Magee

Many products are manufactured in networks of firms linked by transactions, but comparatively little is known about how or why such transaction networks differ. This article investigates the transaction networks of two large sectors in Japan at a single point in time.... View Details

Keywords: Transactions; Hierarchy; Industry Architecture; Innovation; Networks; Market Transactions; Vertical Integration; Industry Structures; Innovation and Invention; Auto Industry; Electronics Industry; Japan

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01 Mar 2013
News

Opening the Door

definitions of success than they did when you first came to HBS? Carliss Baldwin Yes, interestingly, today's women MBA students are both more ambitious and more realistic about the world, especially... View Details

Keywords: Deborah Blagg; Colleges, Universities, and Professional Schools; Educational Services; Social Assistance; Health, Social Assistance; Management

15 May 2012
First Look

First Look: May 15

Distributed Innovation Author:Carliss Y. Baldwin Abstract Systems of distributed innovation-so-called business ecosystems-have become increasingly prevalent in many industries. These entities generally... View Details

Keywords: Carmen Nobel

28 Oct 2014
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First Look: October 28

investment. Publisher's link: http://www.people.hbs.edu/shanson/ships_qje_2014.pdf Working Papers Bottlenecks, Modules and Dynamic Architectural Capabilities By: Baldwin, Carliss Y. Abstract— Architectural... View Details

Keywords: Carmen Nobel

December 2010
Teaching Note

Roche's Acquisition of Genentech (TN)

By: Bo Becker and Carliss Y. Baldwin

Teaching Note for 210-040. View Details

Keywords: Mergers and Acquisitions; Stock Shares; Opportunities; Strategy; Organizational Culture; Value; Negotiation Tactics; Biotechnology Industry; Health Industry

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December 2005
Teaching Note

IBM and Linux (A) (TN)

By: Siobhan O'Mahony and Carliss Y. Baldwin

Keywords: Software; Information Technology Industry

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March 2003 (Revised January 2008)
Case

Northrop versus TRW

By: Carliss Y. Baldwin and James Quinn

TRW, a leading supplier of advanced technology products for the auto, defense, and aerospace markets, receives an unexpected stock-for-stock offer from defense company Northrop Grumman Corp. The $11.4 billion aggregate offer, which represents a 22% premium over the... View Details

Keywords: Mergers and Acquisitions; Decision Choices and Conditions; Governing and Advisory Boards; Laws and Statutes; Negotiation Tactics; Valuation; Aerospace Industry; Auto Industry; Ohio

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