Publications

Publications

Filter Results: (1,604) Arrow Down
Filter Results: (1,604) Arrow Down Arrow Up

Show Results For

Show Results For

← Page 23 of 1,604 Results →
  • December 2004 (Revised July 2008)
  • Case

Delaware Worldwide Corporation

By: Ronald W. Moore
Discusses the bankruptcy reorganization process, with an emphasis on valuation and capital structure. Serves as the basis for a bankruptcy reorganization game that has been used for many years in Creating Value Through Corporate Restructuring, a second-year finance... View Details
Keywords: Restructuring; Capital Structure; Insolvency and Bankruptcy; Financial Strategy; Valuation
Related
  • June 2018
  • Case

Burton Sensors, Inc.

By: William E. Fruhan and Wei Wang
Burton Sensors presents a realistic situation where a small, rapidly growing, and profitable temperature sensor original equipment manufacturer (OEM) reaches its debt capacity and seeks equity financing to sustain high growth. The president of the company must decide... View Details
Keywords: Financing and Loans; Acquisition; Investment; Financial Strategy; Decision Choices and Conditions
Related
  • July 1991 (Revised August 1991)
  • Case

Philip Morris Companies, Inc. (A)

By: Samuel L. Hayes III
This large tobacco and diversified food processor is seeking to refinance debt funds raised to accomplish a large acquisition. It has filed a large "shelf" registration that authorizes it to issue during the subsequent two years. At the time of the case, the market... View Details
Keywords: Stocks; Initial Public Offering; Consumer Products Industry; United States
Related
  • 2021
  • Working Paper

No-fault Default, Chapter 11 Bankruptcy, and Financial Institutions

By: Robert C. Merton and Richard T. Thakor
This paper analyzes the costs and benefits of a no-fault-default debt structure as an alternative to the typical bankruptcy process. We show that the deadweight costs of bankruptcy can be avoided or substantially reduced through no-fault-default debt, which permits a... View Details
Keywords: No-fault Default; Chapter 11; Insolvency and Bankruptcy; Borrowing and Debt; Governing Rules, Regulations, and Reforms; Financial Institutions; Contracts
Related
  • February 2001
  • Case

Bang Networks, Inc.

By: Paul A. Gompers and Sergio Rattner
Bob Rosin, president and CEO of Bang Networks, must decide how much debt financing to take on. The company is a raw start-up and is considering taking on $10 million in debt. The firm has six offers and needs to identify the best one. View Details
Keywords: Business Startups; Restructuring; Decisions; Borrowing and Debt; Venture Capital
Related
  • April 2020
  • Teaching Note

Oaktree: Pierre Foods Investment

By: Victoria Ivashina, Michael Harmon and Terrence Shu
Teaching Note for HBS No. 219-018. This case is a setting to discuss “loan to own” investment strategy that is often pursued by distressed investors. The aftermath of the 2007 financial crisis left many companies with poor liquidity and limited ability to obtain... View Details
Keywords: Distress Investing; Investment; Debt Securities; Strategy; Restructuring
Related

    Sven Von Appen

    Keywords: Shipping and Logistics

      Samuel G. Hanson

      Samuel G. Hanson is the William L. White Professor of Business Administration at Harvard Business School, a Research Associate at the National Bureau of Economic Research, and a Faculty Affiliate of the Harvard Economics department. He teaches Finance 1... View Details

      Keywords: asset management; banking; brokerage; federal government; financial services; investment banking industry
      • 12 Jun 2012
      • News

      Devils take in more than $30M during Stanley Cup run

      • 31 Oct 2010
      • News

      Leveraging Admissions Tests to Increase Financial Savvy

      • 15 Dec 2011
      • News

      A Manifesto for Sustainable Capitalism

      • 2010
      • Other Unpublished Work

      Why Takeover Vulnerability Matters to Debtholders

      By: Joan Farre-Mensa
      Recent work documents that firms that are more vulnerable to takeover have higher borrowing costs. This paper investigates the reasons behind this stylized fact. My results show that firms with few antitakeover defenses face a higher cost of debt because lenders are... View Details
      Keywords: Acquisition; Borrowing and Debt; Cost; Equity; Banks and Banking; Investment Portfolio; Risk Management; Agreements and Arrangements; Business and Shareholder Relations; Conflict and Resolution
      Related

        How Quantitative Easing Works: Evidence on the Refinancing Channel

        When LSAPs are needed the most, simply bending the yield curve through purchasing government debt is not effective for stimulating the mortgage market (a key sector of the economy for the transmission of monetary policy). Purchasing mortgage-backed... View Details

        • 24 Feb 2021
        • Blog Post

        My HBS Student Loan Story: Les Williams (MBA 2005)

        their student loans. Still, taking-on student debt to finance an MBA is a significant commitment, and we recognize that personal circumstances influence how each student approaches that commitment. To better understand how HBS graduates... View Details
        • Research Summary

        Overview

        By: Boris Vallee
        Professor Vallée focuses on financial innovation, investigating it from different angles. This research thread has led him to relate the methods and insights of corporate finance and banking with those of other subfields, including household finance, public finance,... View Details
        • 18 Jan 2013
        • News

        Raise the Age for Medicare & Soc. Security?

        • 19 Sep 2011
        • News

        How to Bring Our Companies' Foreign Profits Back Home

        • September 2016 (Revised April 2018)
        • Case

        Western Technology Investment

        By: Ramana Nanda, William A. Sahlman and Nicole Keller
        Based in Portola Valley, California, Western Technology Investment (WTI) specialized in a hybrid form of debt and equity financing for early-stage companies. Like traditional venture capital and private equity firms, WTI raised funds from institutional investors and... View Details
        Keywords: Entrepreneurial Finance; Equity; Finance; Venture Capital; Entrepreneurship; Financing and Loans; California
        Related
        • June 2009
        • Case

        Midland Energy Resources, Inc.: Cost of Capital

        By: Timothy A. Luehrman and Joel L. Heilprin
        The senior vice president of project finance for a global oil and gas company must determine the weighted average cost of capital for the company as a whole and each of its divisions as part of the annual capital budgeting process. The case uses comparable companies to... View Details
        Keywords: Risk Assessment; Risk and Uncertainty; Risk Management; Cost of Capital; Cash Flow; Capital Structure; Valuation; Capital Budgeting; Energy Industry
        Related
        • March 1984 (Revised June 1998)
        • Case

        MCI Communications Corp.--1983

        MCI Communications Corp. is faced with a large need for external financing to support rapid growth and substantial uncertainty due to the AT&T antitrust settlement. The case illustrates the value of convertible debt as a financing instrument in these circumstances. View Details
        Keywords: Growth Management; Emerging Markets; Financing and Loans; Telecommunications Industry; United States
        Related