Publications

21 Apr 2011
Research & Ideas

Searching for Better Practices in Social Investing

In order to garner the capital necessary to foot the bill for social change, nonprofits need to think less about traditional grants and more in terms of innovation--and so do the organizations that fund them. This was a key message from... View Details

Keywords: by Carmen Nobel; Financial Services

01 Dec 2003
News

A Legacy of Investment

donated the entire cost of building the campus in the 1920s. In the 1930s, the “Two Hundred Fifty Associates” funded research and case-writing activities threatened by the Great Depression. Post-World War II support from John D.... View Details

Keywords: Museums, Historical Sites, and Similar Institutions; Arts, Entertainment; Colleges, Universities, and Professional Schools; Educational Services

2023
Working Paper

ESG: From Process to Product

By: George Serafeim

ESG measurement, analysis, management, and communication is a process that the financial industry has turned into a product, resulting in many investment funds using the ESG label. This has caused confusion, generating demand for a framework that defines... View Details

Keywords: ESG; ESG (Environmental, Social, Governance) Performance; ESG Ratings; ESG Reporting; Investment Fund; Investment; Corporate Social Responsibility and Impact; Financial Services Industry

28 Oct 2020
News

Harvard Business School Collaborates on Impact Investing Data Collection

March 2013
Article

The Client Is King: Do Mutual Fund Relationships Bias Analyst Recommendations?

By: Michael Firth, Chen Lin, Ping Liu and Yuhai Xuan

This paper investigates whether the business relations between mutual funds and brokerage firms influence sell-side analyst recommendations. Using a unique data set that discloses brokerage firms' commission income derived from each mutual fund client as well as the... View Details

Keywords: Prejudice and Bias; Decision Choices and Conditions; Investment Funds

December 2024
Case

Core Innovation Capital: Investing in Fintech for Good

By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller

In 2017, Arjan Schütte, founder of Core Innovation Capital, faced a decision on whether to invest in Hugo Insurance, an auto insurance startup. Core, an early-stage social impact VC firm, focused on “fintech for good,” by investing in financial services for low- to... View Details

Keywords: Fintech; Venture Capital; Social Entrepreneurship; Insurance; Measurement and Metrics; Investment; Corporate Social Responsibility and Impact; Product Positioning; Financial Services Industry; Technology Industry; Insurance Industry; United States

Educators

October 2008
Article

The Small World of Investing: Board Connections and Mutual Fund Returns

By: Lauren Cohen, Andrea Frazzini and Christopher J. Malloy

This paper uses social networks to identify information transfer in security markets. We focus on connections between mutual fund managers and corporate board members via shared education networks. We find that portfolio managers place larger bets on firms they are... View Details

Keywords: Financial Markets; Information Management; Social and Collaborative Networks; Announcements; Investment Portfolio; Investment Return; Investment Funds; Asset Pricing; Governing and Advisory Boards

Find at Harvard

01 Mar 2016
News

The HBS Fund for Leadership and Innovation

A Resource for the Next Big Idea, and More The HBS Fund for Leadership and Innovation is instrumental in bringing innovative projects to life at the School. Recent successful HBS initiatives that are advancing management... View Details

01 Mar 2013
News

FAQ: How is research funded at HBS?

HBS RESEARCH BY THE NUMBERS FOR FISCAL YEAR 2012 $109 M Investment in research 8.7 M HBS cases sold worldwide 640 New teaching materials 184 Research articles 18 Conferences (with 1,100 attendees) For further information on research in... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services

December 2024
Supplement

Core Innovation Capital: Investing in Fintech for Good (B)

By: Ray Kluender, Natalia Rigol, Benjamin Roth and Nicole Tempest Keller

In 2017, Core Innovation Capital invested $725,000 in Hugo Insurance, a pay-as-you-drive auto insurance startup targeting the non-standard market. Core followed with $300,000 in 2019 during a Seed II round. By 2022, Hugo founder, David Bergendahl, sought $10 million in... View Details

Keywords: Fintech; Venture Capital; Social Entrepreneurship; Insurance; Measurement and Metrics; Investment; Financial Services Industry; Technology Industry; Insurance Industry; United States

05 Jan 2011
Op-Ed

Funding Unpredictability Around Stem-Cell Research Inflicts Heavy Cost on Scientific Progress

ruling can outlaw work that was previously supported by the government. Funding can be canceled with the stroke of a pen. Great People Abandon Promising Projects The projects are less important than the people, particularly people who... View Details

Keywords: by William Sahlman; Biotechnology; Health; Pharmaceutical

Web

Alternative Investments Course | HBS Online

Alpha, and the World of Hedge Funds Going to Extremes: Activist Investing at TCI Arbitrage and Global Macro Quantitative Hedge Fund Investing... View Details

25 Apr 2014
News

An investment in meaningful results

nearly $1.5 billion in grants to the city's neediest residents since 1988. Robin Hood is New York City's largest funder of emergency food programs and largest private funder of job training and housing programs. It serves nearly half a million struggling New Yorkers,... View Details

June 2016 (Revised May 2017)
Case

FANUC Corporation: Reassessing the Firm's Governance and Financial Policies

By: Benjamin C. Esty, Nobuo Sato and Akiko Kanno

In February 2015, Daniel Loeb (a U.S.–based activist investor) announced his firm had a large investment in FANUC Corporation, a leading producer of industrial robots and software for machine tools. Loeb was demanding that the Japanese firm change its financial and... View Details

Keywords: Hedge Funds; Economic Policy; Investments; Government Policy; Deregulation; Financial Management; Valuation; Investment Funds; Policy; Corporate Governance; Macroeconomics; Investment Activism; Change Management; Financial Strategy; Cross-Cultural and Cross-Border Issues; Japan; United States

Educators

September – October 2011
Article

The Return Experience of Hedge Fund Investors

By: Ilia Dichev and Gwen Yu

Keywords: Investment

March 2002
Article

Do After-tax Returns Affect Mutual Fund Inflows?

Keywords: Taxation; Investment

Find at Harvard

04 Dec 2019
News

Skydeck Live: The Case for Funding Female Founders

and series B financing? Dodi: Definitely. The bulk of venture capital comes from institutions, whether they be pension funds or endowments. But their ticket, their minimum View Details

Fast Answer

Bloomberg: Investment Management course tips

Which Bloomberg tips are for the HBS Investment Management course? These Bloomberg tips below were created for students enrolled in the HBS Investment Management course. For more... View Details

December 2008 (Revised October 2010)
Case

Paul Capital Partners: Secondary Limited Partnership Investing

By: David S. Scharfstein

This case examines the proposed purchase by Paul Capital Partners of a limited partnership (LP) interest in a private equity fund. Paul Capital has a fund dedicated to buying these "secondary" LP interests. The case is intended as a vehicle for discussing the secondary... View Details

Keywords: Capital; Investment; Private Equity; Valuation; Partners and Partnerships; Interests; Markets; Debates; Financial Services Industry

Educators