Publications

January 1987 (Revised November 1991)
Case

R.J. Reynolds International Financing

By: W. Carl Kester and William B. Allen

Reynolds must source a substantial portion of the financing of its Nabisco acquisition in offshore bond markets. Morgan Guaranty has proposed a yen/dollar dual currency Eurobond that could be hedged into dollars. This structure is compared to Eurodollar Bonds, Euroyen... View Details

Keywords: Acquisition; Capital Markets; Currency Exchange Rate; Credit Derivatives and Swaps; Bonds; Financing and Loans

November 2010 (Revised July 2011)
Supplement

Oriflame S.A. (B)

By: David F. Hawkins and Karol Misztal

Exercise for recording derivative hedging transactions, accompanied by a technical note on IFRS derivative accounting. View Details

Keywords: Financial Reporting; Financial Statements; International Accounting; Currency Exchange Rate; Management Analysis, Tools, and Techniques; Risk Management; Standards; Beauty and Cosmetics Industry

May 2006 (Revised November 2006)
Case

China: To Float or Not To Float? (F)- Alcatel and Strong Chinese Competition

By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel

The Chinese operations of Alcatel, a global communications solution provider based in France, were faced with strong local competition and a difficult market. It remained unclear how Alcatel would be able to recover growth in the Chinese market. Initiatives were... View Details

Keywords: Currency Exchange Rate; International Relations; Growth and Development Strategy; Research and Development; Competitive Strategy; Horizontal Integration; Communications Industry; China; France; United States

01 Mar 2014
News

Ask the Expert: Taxing Questions

1960), former chief economist, Royal Bank of Canada, Canada The United States has the worst of all worlds: a relatively high marginal tax rate that influences behavior negatively, but a considerably lower average tax View Details

Keywords: ask the expert; Finance

01 Dec 2002
News

Mary Callahan Erdoes

with almost every market — public and private equities, fixed income, real estate — going up everywhere in the world, investors became overly confident and not in tune with how much risk they were embedding into their portfolios. What... View Details

Keywords: Deborah Blagg

15 Sep 2017
Working Paper Summaries

Debt Redemption and Reserve Accumulation

Keywords: by Laura Alfaro and Fabio Kanczuk

Portrait Project

Austin Dirks

My gaze fixed upon the exposed beating heart. There was an infant lying in front of me. Its heart rate 150 beats per minute. The monitor next to me beeping faintly with each twitch of the revealed organ. The... View Details

21 Dec 2009
Research & Ideas

Good Banks, Bad Banks, and Government’s Role as Fixer

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 fix the system. A financial industry veteran and chairman of MFS Investment Management, a Boston firm... View Details

Keywords: by Roger Thompson; Banking; Financial Services

March 2005 (Revised June 2005)
Case

Capital Controls in Chile in the 1990s (B)

By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel

Supplements the (A) case. View Details

Keywords: Governance Controls; Financial Crisis; Foreign Direct Investment; Currency Exchange Rate; Inflation and Deflation; Demand and Consumers; Interest Rates; Capital; System; Central Banking; Chile

01 Dec 2010
News

Rent Out Your Ride

Shelby Clark (MBA ’10) recalled passing “dozens of cars that hadn’t been driven in weeks, and it dawned on me that there are these high fixed costs, so perhaps we could leverage this resource” (New York Times, September 10, 2010). So... View Details

Keywords: car sharing; Transit and Ground Passenger Transportation; Transportation

Web

Awards | Social Enterprise | Harvard Business School

Travel should be directly related to the project. Travel to or from non-project sites is not eligible for grant funding. Please note: Packaged deals for hotel/airfare/car rental are not fundable unless each component of the expense can be identified. For foreign... View Details

01 Jun 2002
News

Be Our Guest: HBS Show 2002 Goes Off without a Hitch

which ran April 17–20 in Burden Auditorium. Since its first production in 1974, the event has showcased the dramatic, musical, and theatrical talent of HBS students. This year's performance was no exception. Titled Infernal Rate of... View Details

Keywords: Lee-Ann Landis; Colleges, Universities, and Professional Schools; Educational Services

01 Dec 2013
News

Batteries and Chocolates

striptease parties; male faculty would occasionally and good-naturedly attribute female faculty members' teaching ratings to their physical features. It didn't really bother me, to be honest, and I settled quite happily into my own female... View Details

Keywords: Spar, Debora; Colleges, Universities, and Professional Schools; Educational Services

10 Aug 2011
Research & Ideas

HBS Faculty Views on Debt Crisis

When Standard & Poor's Rating Services lowered its long-term sovereign credit rating on the United States from AAA to AA+ on August 5, it was a shot heard 'round the world. Stock markets plummeted,... View Details

Keywords: by Staff

October 2008
Teaching Note

Samoa Tala (TN)

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

Teaching Note for [209053]. View Details

Keywords: Currency Exchange Rate; Risk Management; Credit Derivatives and Swaps; Microfinance; Strategy; Borrowing and Debt; Currency; Cash Flow; Samoa

28 May 2019
News

Future Source

applicants the most in-demand programming languages and provides living expenses in exchange for contracted developer time with client organizations. Its acceptance rate is less than 1 percent, but the open... View Details

Keywords: Julia Hanna

April 2008 (Revised June 2008)
Case

Korea: On the Back of a Tiger (Abridged)

What caused the 1997 Korea crisis? Did the International Monetary Fund (IMF) help or hinder recovery? Did democracy help or hinder recovery? Seen as an economic miracle, Korea succumbed to the wave of currency crises sweeping Asia in late 1997. Did the same state-led... View Details

Keywords: Financial Crisis; Trade; Currency Exchange Rate; Foreign Direct Investment; Governing Rules, Regulations, and Reforms; Business and Government Relations; Asia; South Korea