Publications

July 1991 (Revised December 1993)
Case

Grupo Industrial Alfa, S.A.--1982

The rapid depreciation of the peso in 1982 precipitated a crisis at Grupo Alfa, Mexico's largest private company. The company's peso cash flow was insufficient to service its large dollar-denominated debt. Students are asked to formulate a plan for restructuring Alfa's... View Details

Keywords: Currency Exchange Rate; Restructuring; Negotiation Participants; Business Strategy; Financial Crisis; Mexico

September 2012 (Revised July 2013)
Case

Can the Eurozone Survive?

By: Dante Roscini and Jonathan Schlefer

The sovereign debt crisis that took Greece by storm in 2010 began to spread to other European markets. Within a few months Ireland and Portugal had also lost access to the sovereign debt markets and had to rely on supranational loans for their financing. The risk of... View Details

Keywords: Sovereign Debt Crisis; Currency Areas; Financial Crisis; Borrowing and Debt; Currency Exchange Rate; International Relations; Banking Industry; European Union; Germany; France; Italy; Spain; Greece; Portugal

September 2008
Case

Samoa Tala

By: Joshua D. Coval, Bhagwan Chowdhry and Konark Saxena

This case examines currency risks faced by Microfinance Institutions, and evaluates strategies to hedge them in countries with pegged currency regimes and no derivatives markets. An MFI based in Western Samoa borrows in different currencies like the US dollar and the... View Details

Keywords: Cash Flow; Currency Exchange Rate; Microfinance; Risk and Uncertainty; Financial Services Industry; Samoa

August 2010 (Revised November 2010)
Supplement

Cosmeticos de Espana, S.A. (C)

By: David F. Hawkins

The third case in the Cosmeticos de Espana case series. What should management's accounting response be to a further devaluation of the Bolivar? View Details

Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Beauty and Cosmetics Industry; Spain; Venezuela

Web

Choosing the Right Student Loan | MBA

Direct Graduate PLUS Loan. Both of these loans have fixed interest rates and several repayment options. While the maximum you can borrow in Unsubsidized Loan funds is $20,500, you may borrow up to the Cost... View Details

08 Sep 2003
Research & Ideas

A Bold Proposal for Investment Reform

recent Harvard Business Review article, "How the Quest for Efficiency Corroded the Market," proposes a number of radical remedies including tax breaks for long-term investors, the establishment of an investor's union, and making stock View Details

Keywords: by Ann Cullen; Financial Services

September 2005 (Revised January 2006)
Case

Restating Revenues and Earnings at INVESTools, Inc. (A)

By: Michael D. Kimbrough and F. Warren McFarlan

Relates the events leading up to the announcement in February 2005 that INVESTools, a Utah-based provider of investor education services, would be restating prior-year financial statements due to inappropriate revenue recognition. View Details

Keywords: Accounting; Accounting Audits; Financial Statements; Capital Markets; Currency Exchange Rate; Corporate Disclosure; Financial Services Industry; Education Industry; Utah

18 Oct 2004
Research & Ideas

The Bias of Wall Street Analysts

was recouped through a schedule of commission rates on stock transactions by the firm's clients. These commissions were regulated by the exchanges along with the Securities and View Details

Keywords: by Ann Cullen; Financial Services

01 Dec 2009
News

An Action Plan for Economic Recovery

POZEN: Offers a plan for overhauling the U.S. financial system to avoid a repeat of the recent market meltdown. Most books about the nation’s financial crisis tell us what happened. In his new book, HBS senior lecturer Robert Pozen tells us how to View Details

Keywords: Roger Thompson; Finance

Web

Charitable Gift Annuity - Alumni

Giving Charitable Gift Annuity Giving Charitable Gift Annuity When you establish a charitable gift annuity, you and/or others receive fixed payments for life, and HBS receives the remainder. You can begin receiving payments immediately or... View Details

19 Jan 2016
First Look

January 19, 2016

surgeon-level fixed effects, learning curve analyses demonstrated improvements in cardiopulmonary bypass and cross-clamp times with increased surgeon experience. There was marginal improvement in the predictability (R2 value) of... View Details

Keywords: Sean Silverthorne

30 May 2021
News

How Venture Capitalist David Motley is Trying to Bring Back Pittsburgh’s Black Residents

much faster annual rate than other cities such as Chicago.” To help stem the tide, Motley has cofounded a $50 million fund focused on startups with Black and diverse founding teams, launched a nonprofit dedicated to getting more Black... View Details

25 Sep 2018
First Look

New Research and Ideas, September 25, 2018

taxes on individual inventors and firms (the micro level) and on states over time (the macro level). We propose several identification strategies, all of which yield consistent results: i) OLS with fixed effects, including inventor and... View Details

Keywords: Dina Gerdeman

15 Sep 2017
Working Paper Summaries

Debt Redemption and Reserve Accumulation

Keywords: by Laura Alfaro and Fabio Kanczuk

17 Jul 2009
Research Event

Business Summit: Ethics in Globalization

Mossavar-Rahmani Center for Business and GovernmentMichael Oxley, Of Counsel, Baker HostetlerDaniel Vasella, Chairman & CEO, Novartis Drawing upon learnings from their work and experiences, the panelists and moderator exchanged views... View Details

Keywords: Re: Rafael M. Di Tella

September 2010 (Revised March 2012)
Teaching Note

China "Unbalanced" (TN)

By: Diego A. Comin and Richard H.K. Vietor

Teaching Note for 711010. View Details

Keywords: Financial Crisis; Growth and Development Strategy; Demand and Consumers; Policy; Trade; Currency Exchange Rate; Energy; Investment; China; United States

January 1995 (Revised May 1997)
Case

Syscom Computers

By: Kenneth A. Froot, Peter Tufano and Chris L Marshall

Discusses a company deciding what it should do to manage its worldwide hedging operations. View Details

Keywords: Decisions; Currency Exchange Rate; Information Management; Management Practices and Processes; Risk Management; Operations

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August 2010 (Revised February 2012)
Supplement

Cosmeticos de Espana, S.A. (D)

By: David F. Hawkins

The fourth case in the Cosmeticos de Espana case series. What should management's accounting response be to the imposition of foreign currency controls? View Details

Keywords: Financial Statements; Decision Choices and Conditions; Inflation and Deflation; Currency Exchange Rate; Governance Controls; Beauty and Cosmetics Industry; Spain; Venezuela