Publications

January 2001 (Revised May 2010)
Case

BP Amoco (B): Financing Development of the Caspian Oil Fields

By: Benjamin C. Esty and Michael Kane

British Petroleum and Amoco were the two largest members of the Azerbaijan International Oil Consortium (AIOC), an 11-firm consortium that was spending $10 billion to develop oil fields in the Caspian Sea. As of March 1999, AIOC had completed a $1.9 billion development... View Details

Keywords: Investment; Policy; Capital Budgeting; Project Finance; Emerging Markets; Mergers and Acquisitions; Financing and Loans; Financial Strategy; Mining Industry; Energy Industry; United Kingdom; Europe

January 1987 (Revised September 1991)
Case

Walt Disney Co.'s Yen Financing

By: W. Carl Kester and William B. Allen

Walt Disney is considering hedging future yen inflows from Disney Tokyo. It is evaluating techniques using FX Forwards, swaps, and Yen term borrowings. Goldman Sachs presents a rather unusual but potentially attractive solution: Disney could issue ECU Eurobonds and... View Details

Keywords: Borrowing and Debt; Currency; Bonds; Valuation; Tokyo

February 2016
Supplement

The Valuation and Financing of Lady M Confections Case Supplement

By: Mihir Desai

June 2007 (Revised March 2008)
Case

Zoots - Financing Growth (A)

By: Michael J. Roberts, William A. Sahlman and Todd Krasnow

Traces the genesis and founding of Zoots, the largest chain of dry cleaning establishments in the U.S. Founded by some of the founders of the very successful Staples chain, the company raises a very large amount of capital without fully proving its business model, and... View Details

Keywords: Business Startups; Decision Choices and Conditions; Venture Capital; Financial Strategy; Investment Return; Growth and Development Strategy; Valuation; United States

January 2008 (Revised September 2009)
Case

Financing American Housing Construction in the Aftermath of War

By: David Moss and Cole Bolton

At the start of WWI, the United States faced a significant housing shortage. Public officials feared the spread of disease—and even communism—in the nation's cramped urban centers where vacancy rates held near zero and families often "doubled up" in single-housing... View Details

Keywords: Central Banking; Bonds; Mortgages; Government Legislation; Business History; Housing; Banking Industry; United States

September 2016 (Revised March 2018)
Case

Qalaa Holdings and the Egyptian Refining Company

By: Victoria Ivashina and Marc Homsy

This case follows Qalaa Holdings, a successful Egypt-based private equity firm, and gives insight into the types of investments it pursued, its growth over time, and the limited partner base it had at hand. It also allows students to consider and debate whether the... View Details

Keywords: Africa; Structuring And Financing Large Projects; Private Equity; Infrastructure; Project Finance; Emerging Markets; Financial Services Industry; Egypt; Africa

November 1997 (Revised October 2001)
Background Note

A Note on Government Sources of Financing for Small Businesses

By: Paul A. Gompers and Catherine M. Conneely

Discusses issues related to government sources of financing for small business in the United States. In addition to presenting motivations for government financing programs, the note gives a detailed presentation of major federal programs to assist small business. View Details

Keywords: Corporate Finance; Business and Government Relations

November 2012
Case

Tracy Palandjian at Social Finance US (A)

By: Alnoor Ebrahim, Catherine Clark and Beth Bafford

It had been eighteen months since Tracy Palandjian had left her position as a managing director at The Parthenon Group to start an ambitious venture called Social Finance US. With a mission "to mobilize investment capital to drive social change," her new organization... View Details

Keywords: Risk and Uncertainty; Social Enterprise; Social Entrepreneurship; Personal Development and Career

01 Jul 2015
Research & Ideas

A Bank That Takes Parmesan as Collateral: The Cheese Stands a Loan

operating costs. And in turn, the bank gains some expertise about a risky industry. “This was a prime example of how to tailor a financing infrastructure to the local environment” "In my research I look... View Details

Keywords: by Carmen Nobel; Banking; Food & Beverage

April 2000
Case

Financing of Project Achieve, The (B)

By: Mihir A. Desai

Supplements the (A) case. View Details

Keywords: Business Startups; Forecasting and Prediction; Venture Capital; Cash Flow; Equity; Negotiation Deal; Valuation

1995
Chapter

Interest Allocation Rules, Financing Patterns, and the Operations of US Multinationals

By: Kenneth A. Froot and James R. Hines Jr.

Keywords: Corporation Taxation; Interest Deductibility; Cost of Capital; Taxation; Financing and Loans; Corporate Finance

December 2012
Background Note

Glossary of Municipal Finance Terms

A note on municipal bond structuring. View Details

Keywords: Local Government; Political Process; Debt Management; Financial Planning; Financial Management; Bonds; Urban Development; Local Range; Government Administration

12 Nov 2014
Op-Ed

A Challenge to the New Congress: Pass Housing Finance Reform

conservatorship, experts from public, private, and academic worlds concurred: housing finance in the United States was mortally flawed. The private sector reaped the gains while the public sector absorbed... View Details

Keywords: by Nicolas Retsinas & Rob Couch; Construction; Real Estate

October 2019
Article

Does Political Uncertainty Increase External Financing Costs? Measuring the Electoral Premium in Syndicated Lending

By: Olivia S. Kim

This article investigates the impact of political uncertainty on contractual lending terms using a large sample of syndicated loans and a within-firm estimation approach to achieve identification. Firms pay 7 basis points (bps) more on loans originated when their... View Details

Keywords: Risk and Uncertainty; Political Elections; Financing and Loans; Developing Countries and Economies