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  • All HBS Web  (11,100)
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  • 2013
  • Working Paper

Combining Banking with Private Equity Investing

By: Lily Fang, Victoria Ivashina and Josh Lerner
Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to... View Details
Keywords: Private Equity; Banks and Banking; Banking Industry; Financial Services Industry
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Fang, Lily, Victoria Ivashina, and Josh Lerner. "Combining Banking with Private Equity Investing." NBER Working Paper Series, No. 19300, August 2013.
  • September 2013
  • Article

Combining Banking with Private Equity Investing

By: Lily H. Fang, Victoria Ivashina and Josh Lerner
Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more debt financing for in-house transactions yet have the lowest exposure to... View Details
Keywords: Regulation; Private Equity; Leveraged Buyouts; Banks and Banking; Banking Industry
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Fang, Lily H., Victoria Ivashina, and Josh Lerner. "Combining Banking with Private Equity Investing." Review of Financial Studies 26, no. 9 (September 2013): 2139–2173.
  • March 2023 (Revised May 2023)
  • Case

Tribal Councils Investment Group of Manitoba Ltd.

By: David L. Ager
In the Fall of 2014, Heather Berthelette, the recently appointed COO of Tribal Councils Investment Group of Manitoba Ltd. (TCIG), was preparing a recommendation to the Board of Directors about whether to dissolve the company and return any remaining funds to the seven... View Details
Keywords: Indigenous Communities; Corporate Governance; Governing and Advisory Boards; Social Enterprise; Economic Growth; Investment Banking; Canada
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Ager, David L. "Tribal Councils Investment Group of Manitoba Ltd." Harvard Business School Case 923-301, March 2023. (Revised May 2023.)
  • April 2007 (Revised August 2014)
  • Case

Foreign Direct Investment and South Africa (A)

By: Eric Werker
Incoming and outgoing foreign direct investment in an environment of politics, geography, globalization, and history. Since the end of apartheid, South Africa had undertaken substantial economic reforms in order to attract more foreign direct investment, but it was... View Details
Keywords: Decision Choices and Conditions; Macroeconomics; Foreign Direct Investment; Governing Rules, Regulations, and Reforms; Business and Government Relations; Africa; South Africa
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Werker, Eric. "Foreign Direct Investment and South Africa (A)." Harvard Business School Case 707-019, April 2007. (Revised August 2014.)
  • March 1997 (Revised November 1997)
  • Case

Incidents in Foreign Direct Investment

By: Louis T. Wells Jr. and Courtenay Sprague
Presents seven examples (i.e., incidents) of conflict concerning foreign direct investment. The incidents lay the framework for discussion of issues such as the jurisdiction of the WTO and the U.S. position, the Helms-Burton Act of 1996 and its political implications,... View Details
Keywords: Trade; International Finance; Foreign Direct Investment; Laws and Statutes; United States
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Wells, Louis T., Jr., and Courtenay Sprague. "Incidents in Foreign Direct Investment." Harvard Business School Case 797-111, March 1997. (Revised November 1997.)
  • February 2015
  • Article

Corporate Investment and Stock Market Listing: A Puzzle?

By: John Asker, Joan Farre-Mensa 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 data source on private U.S. firms, assuming for identification... View Details
Keywords: Private Ownership; Public Ownership; Corporate Finance
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Asker, John, Joan Farre-Mensa, and Alexander Ljungqvist. "Corporate Investment and Stock Market Listing: A Puzzle?" Review of Financial Studies 28, no. 2 (February 2015): 342–390.
  • June 1994
  • Case

Letter from an Investment Banker

By: D. Quinn Mills, G. Bruce Friesen and Richard C. Wei
Keywords: Investment Banking; Banking Industry
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Mills, D. Quinn, G. Bruce Friesen, and Richard C. Wei. "Letter from an Investment Banker." Harvard Business School Case 494-061, June 1994.
  • 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.)
  • 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

  • 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.)
  • November 2016 (Revised April 2018)
  • Case

Darby's Investment in Sirma: Professionalizing an Entrepreneurial Firm

By: Suraj Srinivasan and Eren Kuzucu
In March 2010, Burak Dalgın (HBS MBA 2004) led private equity firm Darby's investment in Sırma, a local Turkish water and beverage company. Sırma was owned and managed by members of two Turkish business families. The existing management, while being highly... View Details
Keywords: Control Systems; Variance Analysis; Emerging Markets; Debt; Family Ownership; Turkey; Valuation; Business or Company Management; Private Equity; Financial Reporting; Investment; Budgets and Budgeting; Food and Beverage Industry; Turkey
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Srinivasan, Suraj, and Eren Kuzucu. "Darby's Investment in Sirma: Professionalizing an Entrepreneurial Firm." Harvard Business School Case 117-033, November 2016. (Revised April 2018.)
  • 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.
  • 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.)
  • 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.)
  • 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.
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