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Show Results For

  • All HBS Web  (11,111)
    • People  (35)
    • News  (2,505)
    • Research  (6,197)
    • Events  (31)
    • Multimedia  (136)
  • Faculty Publications  (4,709)
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  • Research Summary

Corporate Investment and Stock Market Listing: A Puzzle?

In joint work with John Asker and Alexander Ljungqvist, we investigate whether short-termism distorts the investment decisions of stock market listed firms. To do so, we compare the investment behavior of observably similar public and private firms using a new... View Details

  • 2023
  • Working Paper

Evaluation and Learning in R&D Investment

By: Alexander P. Frankel, Joshua L. Krieger, Danielle Li and Dimitris Papanikolaou
We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach... View Details
Keywords: Research and Development; Forecasting and Prediction; Valuation; Pharmaceutical Industry
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Frankel, Alexander P., Joshua L. Krieger, Danielle Li, and Dimitris Papanikolaou. "Evaluation and Learning in R&D Investment." Harvard Business School Working Paper, No. 23-074, May 2023. (NBER Working Paper Series, No. 31290, May 2023.)
  • November 1974 (Revised December 1991)
  • Case

Foreign Investment in Canada (A)

By: Bruce R. Scott and Audrey T. Sproat
Keywords: Investment; Development Economics; Business and Government Relations; Canada
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Scott, Bruce R., and Audrey T. Sproat. "Foreign Investment in Canada (A)." Harvard Business School Case 375-133, November 1974. (Revised December 1991.)
  • July 2005 (Revised March 2010)
  • Case

Foreign Direct Investment and Ireland's Tiger Economy (A)

By: Laura Alfaro, Vinati Dev and Stephen McIntyre
Describes Ireland's transformation from one of Europe's poorest countries to one of its richest in just 10 years, earning it the title Celtic Tiger. The spectacular story of growth and recovery is attributed, in large part, to foreign direct investment (FDI),... View Details
Keywords: Developing Countries and Economies; Economic Growth; Macroeconomics; Foreign Direct Investment; Policy; Business and Government Relations; Republic of Ireland
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Alfaro, Laura, Vinati Dev, and Stephen McIntyre. "Foreign Direct Investment and Ireland's Tiger Economy (A)." Harvard Business School Case 706-007, July 2005. (Revised March 2010.)
  • December 2008
  • Article

Style Investing and Institutional Investors

By: Kenneth A. Froot and Melvyn Teo
This paper explores institutional investors' trades in stocks grouped by style and the relationship of these trades with equity market returns. It aggregates transactions drawn from a large universe of approximately $6 trillion of institutional funds. To analyze style... View Details
Keywords: Forecasting and Prediction; Behavioral Finance; Stocks; Investment Return; Market Transactions; Performance Expectations; Personal Characteristics; Financial Services Industry
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Froot, Kenneth A., and Melvyn Teo. "Style Investing and Institutional Investors." Journal of Financial and Quantitative Analysis 43, no. 4 (December 2008): 883–906. (Revised from: Equity Style Returns and Institutional Investor Flows, Harvard Business School Working Paper No. 04-048, June 2004.)
  • January 1983 (Revised November 1985)
  • Background Note

Note on Investment and Savings

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Rukstad, Michael G. "Note on Investment and Savings." Harvard Business School Background Note 383-086, January 1983. (Revised November 1985.)
  • October 1969 (Revised January 1978)
  • Background Note

Capital Investment Analysis: Chapter 13

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Dearden, John. "Capital Investment Analysis: Chapter 13." Harvard Business School Background Note 169-020, October 1969. (Revised January 1978.)
  • January 2023
  • Teaching Note

Mellody Hobson at Ariel Investments

By: Lakshmi Ramarajan and Rachel Tropp
Teaching Note for HBS Case No. 419-041. View Details
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Ramarajan, Lakshmi, and Rachel Tropp. "Mellody Hobson at Ariel Investments." Harvard Business School Teaching Note 423-047, January 2023.
  • October 2019
  • Teaching Note

Blackstone's GSO Capital: Crosstex Investment

By: Victoria Ivashina and Jeffrey Boyar
Teaching Note for HBS No. 218-008. View Details
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Ivashina, Victoria, and Jeffrey Boyar. "Blackstone's GSO Capital: Crosstex Investment." Harvard Business School Teaching Note 220-039, October 2019.
  • September 2017
  • Teaching Note

John Rogers and Ariel Investments

By: Steven Rogers and Greg White
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Rogers, Steven, and Greg White. "John Rogers and Ariel Investments." Harvard Business School Teaching Note 318-016, September 2017.
  • December 2016
  • Case

Blue Sky: Investing in Water

By: Forest L. Reinhardt and Dawn H. Lau
Keywords: Australia
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Reinhardt, Forest L., and Dawn H. Lau. "Blue Sky: Investing in Water." Harvard Business School Case 717-017, December 2016.
  • February 2016
  • Teaching Note

Hon Hai's Investment in Sharp

By: Mihir A. Desai, Keith Chi-ho Wong and Zachary D. Markovich
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Desai, Mihir A., Keith Chi-ho Wong, and Zachary D. Markovich. "Hon Hai's Investment in Sharp." Harvard Business School Teaching Note 216-036, February 2016.
  • 1981
  • Working Paper

Competitive Structure in Investment Banking

By: S. L. Hayes III, Michael A. Spence and David van P. Marks
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Hayes, S. L., III, Michael A. Spence, and David van P. Marks. "Competitive Structure in Investment Banking." Harvard Business School Working Paper, No. 82-66, September 1981.
  • May 2004
  • Teaching Note

Valuing Capital Investment Projects (TN)

By: W. Carl Kester
Teaching Note to (9-298-092). View Details
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Kester, W. Carl. "Valuing Capital Investment Projects (TN)." Harvard Business School Teaching Note 204-152, May 2004.
  • September 2023 (Revised January 2024)
  • Case

Icahn Enterprises: Ponzi Scheme or Sound Investment

By: Aiyesha Dey, Jonas Heese and James Weber
Icahn Enterprises, a publicly traded limited partnership founded and operated by famed activist investor Carl Icahn, had earned above market returns for over a decade. Between 2018 and early 2023, it had a compound annual return of 31%. Icahn invested in undervalued... View Details
Keywords: Stock Shares; Investment Return; Business Model; Valuation; Financial Services Industry
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Dey, Aiyesha, Jonas Heese, and James Weber. "Icahn Enterprises: Ponzi Scheme or Sound Investment." Harvard Business School Case 124-013, September 2023. (Revised January 2024.)
  • Article

Keeping Score on Community Investment

By: Robert S. Kaplan
Keywords: Civil Society or Community; Investment
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Kaplan, Robert S. "Keeping Score on Community Investment." Leader to Leader, no. 33 (Summer 2004): 13–19.
  • April 2007 (Revised March 2008)
  • Case

Dr. Iqbal Survé at Sekunjalo Investment Group (A)

By: Linda A. Hill and Emily Stecker
Dr. Iqbal Surve, a self-described "medical doctor, philanthropist, and social entrepreneur," was born in 1963 and grew up in poverty, like virtually all non-white South Africans during apartheid. During the 1970s and 1980s, he served in leadership positions in the ANC,... View Details
Keywords: Crime and Corruption; Social Entrepreneurship; Investment; Leadership; Corporate Social Responsibility and Impact; Partners and Partnerships; South Africa
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Hill, Linda A., and Emily Stecker. "Dr. Iqbal Survé at Sekunjalo Investment Group (A)." Harvard Business School Case 407-019, April 2007. (Revised March 2008.)
  • August 1986 (Revised June 1987)
  • Case

J.P. Morgan Investment Management, Inc.

By: Andre F. Perold
Keywords: Investment Banking; Banking Industry; Financial Services Industry
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Perold, Andre F. "J.P. Morgan Investment Management, Inc." Harvard Business School Case 287-008, August 1986. (Revised June 1987.)
  • 1993
  • Chapter

Foreign Direct Investment in Semiconductors

By: D. B. Yoffie
Keywords: Foreign Direct Investment; Technology; Semiconductor Industry
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Yoffie, D. B. "Foreign Direct Investment in Semiconductors." In Foreign Direct Investment, edited by K. Froot, 197–230. Chicago: University of Chicago Press, 1993.
  • September 2009 (Revised May 2011)
  • Supplement

Acumen Fund: Measurement in Impact Investing (B)

By: Alnoor Ebrahim and V. Kasturi Rangan
As Acumen Fund, a global venture philanthropy firm, moves forward with an investment portfolio exceeding $22 million, it runs into two critical measurement problems. First, how should it track the performance of each investment when its interest is not just the bottom... View Details
Keywords: Venture Capital; Investment Portfolio; Philanthropy and Charitable Giving; Standards; Corporate Social Responsibility and Impact; Performance Evaluation; Social Enterprise; Competition; Financial Services Industry; Kenya
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Ebrahim, Alnoor, and V. Kasturi Rangan. "Acumen Fund: Measurement in Impact Investing (B)." Harvard Business School Supplement 310-017, September 2009. (Revised May 2011.)
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