Publications

01 Sep 2007
News

How to Take a Stand On UBS and Climate Change

What is the responsibility of business regarding social issues? And how does that jibe with maximizing profits? In “UBS and Climate Change — Warming Up to Global Action?” Associate Professor Felix Oberholzer-Gee and Professor Forest... View Details

Keywords: Julia Hanna; Finance; Finance; Finance

August 2000 (Revised July 2002)
Background Note

Fundamental Enterprise Valuation: Capital Expenditures (CAPEX)

By: Carliss Y. Baldwin

A technical note that defines capital expenditures (CAPEX). View Details

Keywords: Valuation; Business Ventures; Capital; Spending

September 2009 (Revised August 2011)
Case

Root Capital

By: V. Kasturi Rangan and Katharine Lee

Founded in 1999, Root Capital had loaned $150 million to nearly 250 small and growing businesses, mainly in Latin America. In 2009, as the organization launched a five-year, $55 million capital campaign, it had to determine a strategic path going forward in keeping... View Details

Keywords: Business Model; Social Entrepreneurship; Capital; Financing and Loans; Growth and Development Strategy; Financial Services Industry; Latin America

Career Coach

Cheryl Rousseau

transitions of all kinds: On-Boarding; Inter-Company Movements; Succession/Planned Exits; Out-Boarding; Job Search; Boards Seats. Cheryl has an MBA in Finance and Strategy (Kellogg ’87) and gained first-hand executive knowledge in a... View Details

Keywords: Consulting; Investment Banking; Financial Services (All); Investment Management; Financial Services (All); Private Equity; Financial Services (All); Health Care; Retail

1995
Article

Creditor Control in Financially Distressed Firms: The Empirical Evidence

By: S. C. Gilson and M. R. Vetsuypens

Keywords: Finance; Business Ventures

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August 1998
Teaching Note

Onset Ventures TN

Teaching Note for (9-898-154). View Details

Keywords: Venture Capital; Business Startups; Strategy

November 1989 (Revised March 1995)
Case

Goodyear Tire & Rubber Co.--1988

By: Timothy A. Luehrman

Set two years after a takeover attempt forced the company to restructure by leveraging up, selling assets, and repurchasing stock. The case affords an opportunity to analyze what effect the restructuring had on: 1) the cost of capital, 2) investment decisions, and 3)... View Details

Keywords: Acquisition; Restructuring; Assets; Cost of Capital; Investment; Competition; Rubber Industry

25 Jun 2014
News

An International Perspective

“I’ve been involved in international business ventures my entire career,” says Andrew L. Waite (MBA 1993), a generous supporter of global research at HBS. After majoring in civil engineering at England’s Loughborough University of... View Details

Web

International Students | MBA

Business School Foundation of Germany (HBSF) Instituto Ling Scholarship Program (Brazil) KHMW-Eizenga Scholarship for Dutch Students (The Netherlands) Kosciuszko Foundation (Poland) Kuwait Investment Authority MBA Scholarship LIFE... View Details

22 Sep 2020
Research & Ideas

Recessions Push Some Entrepreneurs to Launch Too Soon

significant financial resources, prerequisites that are hardly conducive to spur-of-the-moment actions. In the forthcoming paper Lowering the Bar? External Conditions, Opportunity Costs, and High-Tech Startup Outcomes, Maria P. Roche, an assistant professor at Harvard... View Details

Keywords: by Sean Silverthorne

December 2019
Teaching Note

Hony Capital and Jushi Group

By: Josh Lerner, Shai Bernstein and Ann Leamon

Teaching Note for HBS No. 820-040. View Details

Keywords: Real Estate; Investing; Manufacturing; Private Equity; Asset Management; Investment; Factories, Labs, and Plants; Finance; China; United States

October 1998 (Revised April 2001)
Case

Preview Travel (B)

By: William A. Sahlman and Nicole Tempest

Supplements the (A) case. View Details

Keywords: Risk and Uncertainty; Business Model; Initial Public Offering; Internet and the Web; Business Plan; Capital; Financial Strategy; Travel Industry; United States

January 1989 (Revised September 1995)
Case

MSDI-Alcala de Henares, Spain

By: Timothy A. Luehrman

Merck & Co., Inc. is evaluating a proposed cost-saving investment by its Spanish subsidiary. The case introduces techniques of discounted cash flow valuation analysis in a multicurrency setting. Can be used to teach basic international parity conditions as they relate... View Details

Keywords: Business Subsidiaries; Cash Flow; Cost Management; Currency; Investment; Management Analysis, Tools, and Techniques; Valuation; Spain

Profile

Nelson Yuan

investment banking at Morgan Stanley and two at the Carlyle Group, where he worked in private equity and debt investment. Efficient way to learn business As Nelson’s career matured, he “didn’t find finance... View Details

27 Nov 2012
News

The Beauty of the Network

Pao: A beauty business veteran leverages the HBS network to launch her own skincare line. Photo courtesy Patti Pao Patti Pao (MBA 1987) describes her two years at HBS as “spectacularly unsuccessful,” thanks in part to a culture clash with... View Details

Keywords: cosmetics; salmon; Finance; Finance; Finance; Finance; Finance; Finance

March 2021
Supplement

CashDrop (B2)

By: Rembrand Koning, Paul A. Gompers and Sarah Gulick

After the events in CashDrop A, Jarrid Tingle and Henri Pierre-Jacques, the founders of Harlem Capital partners, worried that Ruben Flores-Martinez, CashDrop’s founder, would take another offer while he waited for them to officially make an offer. HCP traditionally... View Details

Keywords: Small Business; Entrepreneurship; Business Startups; Venture Capital; Online Technology; Technology Industry; Financial Services Industry; New York (city, NY)

January 1994 (Revised June 1994)
Case

Dean Witter, Discover & Co.

By: Dwight B. Crane and W. James Whalen

Early in 1993, Sears was in the process of spinning off its Dean Witter, Discover subsidiary. This subsidiary consisted of a securities brokerage that was acquired in 1981 and also the Discover Card, a general purpose credit card, the firm introduced in 1985. The key... View Details

Keywords: Valuation; Business Subsidiaries; Initial Public Offering; Credit Cards; Corporate Strategy; Asset Pricing; Financial Services Industry

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November 2006
Case

Brontes Technologies -- 2005

By: William A. Sahlman and Caroline Perkins

Describes a set of decisions confronting the founders of a company developing a new device for taking three-dimensional pictures of teeth in order to improve dental outcomes. The company needs more money and must choose between raising new equity capital from a venture... View Details

Keywords: Borrowing and Debt; Business Startups; Medical Devices and Supplies Industry