Publications

17 Mar 2015
First Look

First Look: March 17

Publications March 2015 Journal of Financial Economics Banks as Patient Fixed-Income Investors By: Hanson, Samuel G., Andrei Shleifer, Jeremy C. Stein, and Robert W. Vishny Abstract—We examine the business model View Details

Keywords: Sean Silverthorne

December 2006 (Revised January 2007)
Case

Restructuring Navigator Gas Transport Plc

By: C. Fritz Foley

How should creditors pursue their claims in a multi-jurisdiction bankruptcy? David Butters, Managing Director at Lehman Brothers, negotiates a restructuring of Navigator Gas Transport, a shipping company that is headquartered in Switzerland, incorporated in the Isle of... View Details

Keywords: Management Teams; Insolvency and Bankruptcy; Complexity; Capital Structure; Restructuring; International Finance; Law; Ship Transportation; Shipping Industry; Switzerland; Isle of Man

10 Feb 2015
First Look

First Look: February 10

Corporation, must decide whether to push JAL group, Japan's largest airline, into bankruptcy or to act as a sponsor in an out-of-court restructuring. The bankruptcy of JAL... View Details

Keywords: Sean Silverthorne

19 May 2009
First Look

First Look: May 19, 2009

bonds, roles of board members, calculation of an employee stay-put bonus pool, subcontractor and vendor communication, and reputational issues around bankruptcy or closure... View Details

Keywords: Martha Lagace

22 Dec 2015
First Look

December 22, 2015

Bankruptcy in the City of Detroit The June 2013 bankruptcy of Detroit, Michigan, was, at the time, the largest municipal View Details

Keywords: Carmen Nobel

18 Sep 2000
Research & Ideas

Big Deals: Financing Large-Scale Investments

instead of traditional, on-balance sheet corporate finance. Consider, for instance, Iridium LLC, a $5.5-billion global satellite communications firm backed by Motorola that filed for bankruptcy in August,... View Details

Keywords: by Julia Hanna

11 Jun 2013
First Look

First Look: June 11

and the growth of shadow banking. While recognizing some of the benefits of professional asset management, we are skeptical about the marginal... View Details

Keywords: Carmen Nobel

15 May 2012
First Look

First Look: May 15

and monetize their sites, all in shadow of a deeply entrenched incumbent. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/912009-PDF-ENG Tequila Mobile SA Hanna Hałaburda, Jerzy Surma, and Aldo... View Details

Keywords: Carmen Nobel

16 May 2017
First Look

First Look at New Ideas and Research, May 16

case:https://cb.hbsp.harvard.edu/cbmp/product/817114-PDF-ENG Harvard Business School Case 216-059 Central European Distribution Corporation: Hostile Takeover, Bankruptcy Makeover In early 2013, Central European Distribution Corporation... View Details

Keywords: Re: Multiple Faculty

October 1996 (Revised April 2004)
Case

Eric Wood (B)

By: Myra M. Hart

Describes Eric's purchase of the much larger Shaw Co. Describes the operating and financial problems that ensue, leaving Eric considering the option of bankruptcy. Issues include the overlap of business and personal finances, as well as the mechanics and implications... View Details

Keywords: Personal Development and Career; Operations; Entrepreneurship; Insolvency and Bankruptcy; Problems and Challenges; Acquisition

14 Feb 2007
Op-Ed

Tata-Corus: India’s New Steel Giant

Tata-Corus is the largest out of India, and is done by a private sector entity of its own volition, away from the shadow of state influence. For... View Details

Keywords: by Tarun Khanna

13 Nov 2018
First Look

New Research and Ideas, November 13, 2018

718-510 The Rise and Rise (?) of Walmart (B): Kmart Declares Bankruptcy This case follows up on the competition between Kmart and Walmart as discussed in the (A) case. It summarizes the companies' positions... View Details

Keywords: Dina Gerdeman

07 Apr 2015
First Look

First Look: April 7

the role of trading in bankruptcy. We find that trading during the case leads to higher concentration of ownership, particularly among debt claims that are eligible to vote on the View Details

Keywords: Sean Silverthorne

14 Oct 2014
First Look

First Look: October 14

October 2014 Review of Financial Studies Money Creation and the Shadow Banking System By: Sunderam, Adi Abstract—Many explanations for the rapid growth of the View Details

Keywords: Sean Silverthorne

October 1997 (Revised January 2008)
Case

Asda (A)

By: Michael Beer and James Weber

In the mid-1980s, Asda was one of the most successful retail companies in the United Kingdom. By 1991, the chain of 200 grocery stores had a lack of direction, a demoralized workforce, declining profits, rising debt, collapsing stock price, and was facing bankruptcy.... View Details

Keywords: Restructuring; Insolvency and Bankruptcy; Crisis Management; Management Teams; Business Strategy; Retail Industry; Food and Beverage Industry; United Kingdom

18 Nov 2008
First Look

First Look: November 18, 2008

which fueled a financial crisis in the U.S. and beyond. The case study examines New Century's business model and accounting practices and focuses on the role of management, audit committee, and external auditors in the problems at New... View Details

Keywords: Martha Lagace

November 1984 (Revised December 1988)
Case

Gulf Oil Corp.--Takeover

Gulf Oil was pressured into liquidation while under attack by Boone Pickens of Mesa Petroleum Co. Gulf management was unsure whether to sell out or take the firm private. A suitor, Standard Oil of California, tries to decide how much, if anything, to bid for the... View Details

Keywords: Insolvency and Bankruptcy; Bids and Bidding; Acquisition; Energy Sources; Energy Industry; United States