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  • All HBS Web  (14,603)
    • People  (13)
    • News  (2,771)
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    • Events  (22)
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  • Web

Finance - Faculty & Research

likely to be a loan—i.e., the loan supply contracts—when local banks have purchased more domestic sovereign debt and when that debt is risky (as measured by CDS spreads). These effects are most pronounced in... View Details
  • November 2002 (Revised October 2003)
  • Case

Circles: Series D Financing

By: Paul W. Marshall and Kristin Lieb
Circles, a corporate concierge company on the verge of profitability, must make a decision whether to take a D-round venture capital despite ever-changing and ever-worsening terms. A four-year-old company with several major clients, it has met its business plan... View Details
Keywords: Cost vs Benefits; Financing and Loans; Management Teams; Growth and Development Strategy; Negotiation Process; Venture Capital; Governing and Advisory Boards; Entrepreneurship; Service Industry; Consulting Industry; Massachusetts
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Marshall, Paul W., and Kristin Lieb. "Circles: Series D Financing." Harvard Business School Case 803-062, November 2002. (Revised October 2003.)
  • 1997
  • Book

Case Problems in Finance

By: W. C. Kester, W. E. Fruhan Jr., T. R. Piper and R. S. Ruback
Keywords: Finance
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Kester, W. C., W. E. Fruhan Jr., T. R. Piper and R. S. Ruback, eds. Case Problems in Finance. 11th ed. Irwin, 1997.
  • 1994
  • Chapter

The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers

By: Michael Jensen
Keywords: Cost; Cash Flow; Acquisition; Corporate Finance
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Jensen, Michael. "The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers." In Management Buy-Outs, edited by Mike Wright and Keith Bradley, series editor, pp. 3–9. International Library of Management. England and Vermont: Dartmouth Publishing, 1994. (Also in AER, Vol. 76, No. 2 (May, 1986); abridged in Simon Management Rev, (Win, 1986); & forthcoming in Jensen, Management Revolution: The Legacy of the Market for Corporate Control, Harvard University Press.)
  • 2021
  • Working Paper

The Dance Between Government and Private Investors: Public Entrepreneurial Finance around the Globe

By: Jessica Bai, Shai Bernstein, Abhishek Dev and Josh Lerner
This paper examines the interaction between governments and private capital investors when financing early-stage ventures. We first provide a simple conceptual framework to explore when collaboration between governments and private investors is likely to emerge. Using... View Details
Keywords: Public Entrepreneurship; Subsidy; Industrial Policy; Entrepreneurship; Public Sector; Financing and Loans; Venture Capital; Global Range
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Bai, Jessica, Shai Bernstein, Abhishek Dev, and Josh Lerner. "The Dance Between Government and Private Investors: Public Entrepreneurial Finance around the Globe." Harvard Business School Working Paper, No. 21-120, April 2021. (Revised January 2022.)
  • 03 Apr 2013
  • News

Need A Business Loan? Impress The Algorithm, Not The Loan Officer

Keywords: Credit Intermediation and Related Activities; Credit Intermediation and Related Activities
  • 29 Jul 2020
  • Working Paper Summaries

Two Case Studies on the Financing of Forest Conservation

Keywords: by Andrew Baxter, Connor Cash, Josh Lerner, and Ratnika Prasad
  • 2011
  • Chapter

The Economics of Housing Finance Reform

By: David S. Scharfstein and Adi Sunderam
This paper analyzes the two leading types of proposals for reform of the housing finance system: (i) broad-based, explicit, priced government guarantees of mortgage-backed securities (MBS) and (ii) privatization. Both proposals have drawbacks. Properly-priced... View Details
Keywords: Economics; Housing; Governing Rules, Regulations, and Reforms; Policy; Government and Politics
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Scharfstein, David S., and Adi Sunderam. "The Economics of Housing Finance Reform." In The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market, edited by Martin Neil Baily. Brookings Institution Press, 2011.
  • Mar 2012
  • Article

How to Make Finance Work

of the U.S. economy by increasing capital and liquidity requirements, reorienting the discussion around housing finance reform from keeping mortgage credit cheap to ensuring financial stability, View Details
  • July 2014
  • Teaching Note

Homestrings, Inc.: Diaspora-Based Financing and the Crowd Funding of Development

By: William R. Kerr and Penelope Rossano
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Kerr, William R., and Penelope Rossano. "Homestrings, Inc.: Diaspora-Based Financing and the Crowd Funding of Development." Harvard Business School Teaching Note 815-043, July 2014.
  • April 2000
  • Case

Financing of Project Achieve, The (A)

By: Mihir A. Desai
An entrepreneur is forced to analyze the tradeoffs between different equity providers through a detailed analysis of venture financing terms and cash flow forecasts. The founder of a Web-based IMS for schools must negotiate a term sheet, determine funding needs, value... View Details
Keywords: Business Startups; Forecasting and Prediction; Venture Capital; Cash Flow; Equity; Negotiation Deal; Valuation
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Desai, Mihir A. "Financing of Project Achieve, The (A)." Harvard Business School Case 200-042, April 2000.
  • Web

Finance Curriculum - Faculty & Research

Finance Overview Faculty Curriculum Seminars & Conferences Awards & Honors Doctoral Students MBA Required Curriculum (FIRST YEAR) Finance I This course examines the role of View Details
  • October 2003
  • Case

Financing Biodiversity Conservation by the Global Conservation Fund

By: Mihir A. Desai and Julia Stevens
The Global Conservation Fund is an international nonprofit organization with a $100 million endowment and an exclusive focus on land preservation. The fund and its director must decide which projects to fund over the next year and what financing mechanism to use.... View Details
Keywords: Environmental Protection; Project Evaluation; Environmental Sustainability; Projects; Finance; Decision Making; Financial Instruments; Nonprofit Organizations
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Desai, Mihir A., and Julia Stevens. "Financing Biodiversity Conservation by the Global Conservation Fund." Harvard Business School Case 204-019, October 2003.
  • 13 Apr 2017
  • News

The reason your loan application is rejected may have nothing to do with your credit score

  • March 1981 (Revised February 1983)
  • Background Note

International Banks and Balance of Payments Finance in the Mid-1970s

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Wellons, Philip A. "International Banks and Balance of Payments Finance in the Mid-1970s." Harvard Business School Background Note 381-141, March 1981. (Revised February 1983.)
  • 2012
  • Article

A Reduced-Form Approach to Behavioral Public Finance

By: Sendhil Mullainathan, Joshua Schwartzstein and William Congdon
Research in behavioral public finance has blossomed in recent years, producing diverse empirical and theoretical insights. This article develops a single framework with which to understand these advances. Rather than drawing out the consequences of specific... View Details
Keywords: Behavioral Economics; Social Insurance; Externalities; Taxation; Finance; Public Sector
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Mullainathan, Sendhil, Joshua Schwartzstein, and William Congdon. "A Reduced-Form Approach to Behavioral Public Finance." Annual Review of Economics 4 (2012): 511–540.
  • Web

Buy Now, Pay Later: Home Finance

statistics identified friends and family, savings banks, and building & loan societies as the three largest sources of mortgage lending. Trade journals, like this report of... View Details
  • Web

Entrepreneurial Finance - Course Catalog

board member, advisor, or investor. The course is also relevant to students broadly interested in the financing landscape for young firms. We will learn how to evaluate and View Details
  • July 2024
  • Article

JUE Insight: Infrastructure and Finance: Evidence from India's GQ Highway Network

By: Abhiman Das, Ejaz Ghani, Arti Grover, William Kerr and Ramana Nanda
We use data from Reserve Bank of India to study the impact of India's Golden Quadrilateral (GQ) highway project on finance-dependent activity. Loan volumes increase by 20-30% in districts along GQ and are stronger in industries more dependent upon external finance.... View Details
Keywords: Highways; Finance; Development; Infrastructure; Banks and Banking; Transportation Networks; Financing and Loans; Growth and Development; India
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Das, Abhiman, Ejaz Ghani, Arti Grover, William Kerr, and Ramana Nanda. "JUE Insight: Infrastructure and Finance: Evidence from India's GQ Highway Network." Art. 103593. Journal of Urban Economics 142 (July 2024).
  • 26 Sep 2017
  • News

Understanding finance in the context of art, history and humanity

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