Implied Cost Of Capital - Publications - Faculty & Research

14 Mar 2007
Op-Ed

Government’s Misguided Probe of Private Equity

the efficiency of capital markets, the opaqueness of the groups' operations, and the abuse of inside information. It is hard not to feel that... View Details

Keywords: by Josh Lerner; Financial Services

10 Mar 2014
Research & Ideas

Counting Up the Effects of Sarbanes-Oxley

approach when considering SOX," explains Srinivasan. The most worrisome part of the act on the business side was the mandate that required public companies to obtain an independent audit of their... View Details

Keywords: by Julia Hanna; Accounting; Banking

11 Jul 2016
HBS Case

Neurodiversity: The Benefits of Recruiting Employees with Cognitive Disabilities

Specialisterne almost implies a seal of approval, offering reassurance for companies worried about accusations of exploiting a vulnerable population, Austin says. Anka... View Details

Keywords: by Roberta Holland; Technology

03 Apr 2006
Research & Ideas

The Competitive Advantage of Global Finance

financial settings? How should I measure exposures arising from international operations? What is the appropriate way to think about the cost of capital for the worldwide... View Details

Keywords: by Sean Silverthorne; Financial Services

02 Jul 2020
Working Paper Summaries

Inflation with COVID Consumption Baskets

Keywords: by Alberto Cavallo

March 2020
Article

Synergistic Value in Vertically Integrated Power-to-Gas Energy Systems

By: Gunther Glenk and Stefan Reichelstein

In vertically integrated energy systems, integration frequently entails operational gains that must be traded off against the requisite cost of capacity investments. In the context of the model analyzed in this study, the operational gains are subject to inherent... View Details

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19 Sep 2012
Research & Ideas

Book Excerpt: “The Architecture of Innovation”

go elsewhere becomes too great. The corporation, having borne the cost of training the fledgling venture investor, does not get to benefit from the harvest. These issues also manifest themselves when it... View Details

Keywords: by Josh Lerner; Financial Services

01 Sep 2016
News

The Taxi Wars of Jakarta

Jakarta has a reputation as an impenetrable place. Viewed from atop one of the many business hotels in the center of the city, the Indonesian capital is a sea View Details

Keywords: Jeffrey Hutton; Illustrations by Josh Cochran

08 Sep 2014
News

What You Don’t Know About Sales Can Hurt Your Strategy

10 Jun 2002
Research & Ideas

Disruption: The Art of Framing

the new technology could lower tester costs dramatically and thus had the potential to disrupt Teradyne's core business. But CMOS technology could not initially operate at the performance levels demanded by Teradyne's best customers.... View Details

Keywords: by Clark Gilbert & Joseph L. Bower

23 Jan 2019
News

The Promise of Personalized Medicine

for N=1, individuals, that customizes therapeutics. If you look at drug development thus far in the history of mankind, we’ve focused a lot of our efforts on small molecules, like pills that you would take... View Details

Global Portfolio Diversification for Long-Horizon Investors

We show that the secular upward shift in short-run cross-country correlations of stock and bond returns does not necessarily imply a decline in the benefits of global portfolio diversification for long-horizon investors. We show that this increase in correlations has... View Details

2023
Chapter

Inflation and Misallocation in New Keynesian Models

By: Alberto Cavallo, Francesco Lippi and Ken Miyahara

The New Keynesian framework implies that sluggish price adjustment results in a distorted allocation of resources. We use a simple model to quantify these unobservable distortions, using data that depict the price-setting behavior of firms, specifically the frequency... View Details

Keywords: Macroeconomics; Inflation and Deflation; Price; Analytics and Data Science; Cost

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01 Mar 2018
News

Making Sense of the Modern Startup

those traders’ companies were then paying $20,000 a month. Parker thought he could provide a better service for $500 a month. He was proposing to sell $100,000 worth of debentures and stock representing 10 percent View Details

Keywords: Jeffrey L. Cruikshank (PMD 51, 1986)

01 Jun 2023
News

Turning Point: Sum of the Parts

to get his MBA and have a career as a stockbroker. This is a great accomplishment, to be sure. But what drove it came at a cost to both of us. Truth be known, while he is no longer with us, I keep hearing my... View Details

Keywords: happiness; purpose; meaning; work-life balance; social pressures

10 May 2004
Research & Ideas

Rethink the Value of Joint Ventures

that firms can fully capitalize on these opportunities. This reduction of coordination and transport costs is continuing to create more and more opportunities for... View Details

Keywords: by Cynthia Churchwell

Research Summary

Debt Maturity: Is Long-Term Debt Optimal? (with Fabio Kanczuk)

By: Laura Alfaro

We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity-term premium, tax smoothing, rolling over risk and the cost from defaulting. We use a dynamic equilibrium model with tax distortion,... View Details

19 Dec 2005
Research & Ideas

The Regional Slice of Your Global Strategy

inflexible, organizational structure to successfully execute a strategy. As companies think through the risks and opportunities of various regional strategies, they also need to clarify what they mean by the word "region." I... View Details

Keywords: by Pankaj Ghemawat

04 Apr 2023
Book

Two Centuries of Business Leaders Who Took a Stand on Social Issues

While shareholders still reign supreme at many companies, a widespread shift toward more responsible business practices is driving more leaders to take a stand on social and environmental issues today, says Harvard Business School Professor Geoffrey Jones. Jones... View Details

Keywords: by Lane Lambert; Consumer Products; Fashion; Retail; Green Technology

02 Jul 2015
Op-Ed

The Future of the Greek Economy

they will be able to withdraw their funds at a later date—and at what exchange rate. This happened in Brazil in the early 1990s and in Argentina in the early part of this century, when similar desperate policies were enacted. The... View Details

Keywords: by Laura Alfaro, Dante Roscini & George Serafeim; Banking

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