Publications

14 Apr 2023
Blog Post

New MBA Course Asks Students: What’s More Important—Purpose or Profits?

specifically written for the course: Microsoft: Responsible Artificial Intelligence Northvolt: Building Batteries to Fight Climate Change ‘A Marshall Plan for Africa’: James Mwangi and Equity Group Holdings The Dutch East India Company... View Details

17 Mar 2011
Working Paper Summaries

Marketplace Institutions Related to the Timing of Transactions

Keywords: by Alvin E. Roth

06 Aug 2020
Research & Ideas

Who Will Give You the Best Professional Guidance?

guidance is needed or to make introductions to customers, prospective partners, or job candidates. Advisers may also mentor junior members of a team when you lack the funds or time to hire in an experienced leader. Advisers are usually given View Details

Keywords: by Julia B. Austin

20 Mar 2000
Research & Ideas

Incubators: The New Venture Capitalists?

a bank, a lending company, or an equity transaction company, or move up the food chain and be able to provide richer, higher services much like we see in what we're terming the incubation space today. "We're focused, obviously, on... View Details

Keywords: by Kenneth Liss

Career Coach

Eileen Stephan

Eileen offers over 20 years of professional experience in recruiting, career management and career coaching in both the corporate and academic worlds. Her most recent position as Global Head of Graduate Recruitment and Program Management... View Details

Keywords: Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity; Private Equity

04 Mar 2022
Blog Post

Advice from My HBS Career Journey in Renewable Energy

the job I’m going into after graduation is private equity for renewables. You can make the switch; it's entirely possible. I know plenty of people who have done it not only in energy but in other sectors. You just have to put in the work,... View Details

2017
Chapter

Innovation Policies

By: Ramana Nanda and Matthew Rhodes-Kropf

Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price – in terms of an investor’s... View Details

Keywords: Innovation; Investing; Abandonment Option; Failure Tolerance; Innovation and Invention; Venture Capital; Attitudes; Investment; Failure

2017
Working Paper

Innovation Policies

By: Ramana Nanda and Matthew Rhodes-Kropf

Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not examined how this affects which projects principals will start. We demonstrate that failure tolerance has an equilibrium price ― in terms of an investor's... View Details

Keywords: Innovation; Investing; Abandonment Option; Failure Tolerance; Venture Capital; Attitudes; Investment; Failure; Innovation and Invention

SSRN

Read Now

17 May 2010
Research & Ideas

What Brazil Teaches About Investor Protection

today: the companies themselves. During that period, investor protection laws in Brazil were relatively weak—yet investors bought equity on a "massive scale," according to Harvard Business School professor Aldo Musacchio,... View Details

Keywords: by Sean Silverthorne; Banking; Financial Services

February 2019 (Revised March 2019)
Case

Banorte and the Capital Call Facility: Infrastructure Finance in Mexico

By: John D. Macomber, Carla Larangeira and Fernanda Miguel

As a result of Mexico´s pension industry deregulation, pension funds were able to invest in energy and infrastructure projects through a variety of financial instruments, particularly through Capital Development Certificates (CKDs), an asset class that served as a... View Details

Keywords: Financial Products; Fund Management; Capital Call Facility; Pension Funds; Infrastructure; Energy; Finance; Decision Making; Investment Funds; Financial Instruments; North America; Mexico

September 2024
Case

Xendit: Hiring for Growth

By: Jeffrey F. Rayport, Steve Castano, Quoc Anh Nguyen and Claire Wu

In 2019, Xendit, a growth-stage Southeast Asia (SEA) fintech venture based in Jakarta, was looking to hire a Head of Sales and Head of Product to lead its next phase of growth. Founded by Moses Lo and Tessa Wijaya, Xendit provided payment infrastructure, modeling... View Details

Keywords: Fintech; Financing and Loans; Entrepreneurship; Jobs and Positions; Sales; Product; Growth and Development; Selection and Staffing; Organizational Culture; Expansion; Financial Services Industry; Technology Industry; Southeast Asia; Indonesia; Philippines

02 Jul 2024
Book

Five Essential Elements to Build the Capital You Need to Lead

share the stories of others doing the same thing so that you can see different ways to apply each C to your own situation. Each of the 5 Cs plays some role in every leadership journey—even in my season as QB of my peewee football team.... View Details

Keywords: by Dina Gerdeman

19 May 2003
Lessons from the Classroom

Business Plan Winner Targets India Dropouts

answer. Q: What is the basic business model for Gyaana? Why will this model work when government-led or other plans to improve education in India have not been successful? A: The basic business model for Gyaana is to offer two remedies to... View Details

Keywords: by Carla Tishler; Financial Services

August 2006 (Revised June 2010)
Case

SUN Brewing (A)

The Khemka family of India, founders, managers, and majority owners of Russia-based SUN Brewing, faces a difficult decision in 1998. Following the rouble's massive devaluation in August 1998, the stock price of SUN Brewing, which is publicly listed on the Luxemburg... View Details

Keywords: Family Business; Decision Choices and Conditions; Capital Markets; Financing and Loans; Emerging Markets; India; Russia

2023
Working Paper

Segmented Going-Public Markets and the Demand for SPACs

By: Angela Ma, Miles Zheng and Jessica Bai

We provide a regulatory-arbitrage-based explanation for the origin and proliferation of the Special Purpose Acquisition Company (SPAC). SPAC sponsors act as non-bank intermediaries, and the SPAC market structure appeals to yield-seeking investors and riskier,... View Details

Keywords: Special Purpose Acquisition Companies; Non-bank Intermediaries; Regulatory Arbitrage; Adverse Selection; Initial Public Offering

SSRN

2022
Chapter

Connecter les rêves

By: Hubert Joly and Mariana Arnaut

Trouver du sens dans son travail est plus que jamais vécu comme essentiel. L’entreprise, l’une des organisations humaines les plus capables d’innovation, a un rôle central à jouer face aux enjeux sociaux et environnementaux. Reste à déterminer quels principes peuvent... View Details