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    Sven Von Appen

    Keywords: Shipping and Logistics
    • 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
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      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
      • 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
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        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

        • 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
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        • 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
        • 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
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        • 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

        • 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
        • 18 Jan 2013
        • News

        Raise the Age for Medicare & Soc. Security?

        • 19 Sep 2011
        • News

        How to Bring Our Companies' Foreign Profits Back Home

        • 28 Jul 2015
        • First Look

        First Look: July 28, 2015

        https://cb.hbsp.harvard.edu/cbmp/product/515025-PDF-ENG Harvard Business School Case 115-063 Greece's Debt: Sustainable? The case "Greece's Debt: Sustainable?" describes the Greek economic crisis, bailout from the European Union and the International Monetary... View Details
        Keywords: Carmen Nobel
        • 15 Dec 2011
        • News

        A Manifesto for Sustainable Capitalism

        • 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
        • April 2021 (Revised August 2024)
        • Case

        The Turnaround at Ford Motor Company

        By: Amy C. Edmondson and Olivia Jung
        This case describes the corporate turnaround of the Ford Motor Company under the charismatic leadership of Alan Mulally. Ford was in deep trouble in the early 2000s as its prices and debt ratings plummeted and employee morale suffered. In 2006, the company anticipated... View Details
        Keywords: Turnaround; Transformation; Restructuring; Organizational Culture; Leading Change; Performance Improvement; Auto Industry; North America
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        • 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
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        • 25 Jul 2011
        • News

        Five Tips for Coping with Uncertainty — and Finding Opportunity

        • 2008
        • Working Paper

        Liquidity Needs in Economies with Interconnected Financial Obligations

        By: Julio J. Rotemberg
        A model is developed where firms in a financial system have to settle their debts to each other by using a liquid asset. The question that is studied is how many firms must obtain how much of this asset from outside the financial system to make sure that all debts... View Details
        Keywords: Economy; Borrowing and Debt; Financial Liquidity; Networks
        Related