Publications

June 2007 (Revised March 2008)
Case

Zoots - Financing Growth (A)

By: Michael J. Roberts, William A. Sahlman and Todd Krasnow

Traces the genesis and founding of Zoots, the largest chain of dry cleaning establishments in the U.S. Founded by some of the founders of the very successful Staples chain, the company raises a very large amount of capital without fully proving its business model, and... View Details

Keywords: Business Startups; Decision Choices and Conditions; Venture Capital; Financial Strategy; Investment Return; Growth and Development Strategy; Valuation; United States

February 2001 (Revised June 2001)
Case

eSurg (B): Second Round Financing

By: Jay O. Light and Anthony Massaro

An embryonic online medical supplies firm must negotiate a second-round funding. View Details

Keywords: Business Startups; Negotiation; Venture Capital; Financing and Loans; Internet; Medical Devices and Supplies Industry

1994
Chapter

The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers

By: Michael Jensen

Keywords: Cost; Cash Flow; Acquisition; Corporate Finance

SSRN

24 May 2017
News

When Finance Is a Character in a Novel

January – February 1969
Article

Sophisticated Financing Tool: The Warrant

By: Henry B. Reiling and Samuel L. Hayes III

Keywords: Financing and Loans; Financial Instruments

Find at Harvard

January 2008 (Revised September 2009)
Case

Financing American Housing Construction in the Aftermath of War

By: David Moss and Cole Bolton

At the start of WWI, the United States faced a significant housing shortage. Public officials feared the spread of disease—and even communism—in the nation's cramped urban centers where vacancy rates held near zero and families often "doubled up" in single-housing... View Details

Keywords: Central Banking; Bonds; Mortgages; Government Legislation; Business History; Housing; Banking Industry; United States

Web

Business Finance Course Online | HBS Online

FAQs Enroll Now Key Concepts Understand the key financial levers that drive financial performance Discover how and why finance is concerned with cash flow versus profits and... View Details

2009
Simulation

Finance Simulation: M&A in Wine Country: No. 3289.

By: Timothy A. Luehrman and W. Carl Kester

In this simulation, students play the role of CEO at one of three publicly-traded wine producers: Starshine, Bel Vino, or International Beverage. Each player evaluates merger and/or acquisition opportunities among the three companies and then determines reservation... View Details

Keywords: Mergers and Acquisitions; Negotiation; Valuation; Value Creation; Food and Beverage Industry; Food and Beverage Industry

Mar 2012
Article

How to Make Finance Work

of the U.S. economy by increasing capital and liquidity requirements, reorienting the discussion around housing finance reform from keeping mortgage credit cheap to ensuring financial stability, View Details

10 Nov 2022

Financing the MBA at HBS

Join us to learn more about how the financial aid process is one that invests in the most important resource we have - you! Hear from current students/recent alums about their own financial aid journeys and the ways the Financial Aid... View Details

Web

2018 Financial Risk and Regulation Survey - Behavioral Finance & Financial Stability

makers, HBS faculty members, and leading HBS alumni to examine and reflect on the events of the fall of 2008. In preparation for this event, the Behavioral Finance View Details

21 Apr 2016
News

What both Bernie Sanders and Donald Trump get wrong about finance

November 1997 (Revised October 2001)
Background Note

A Note on Government Sources of Financing for Small Businesses

By: Paul A. Gompers and Catherine M. Conneely

Discusses issues related to government sources of financing for small business in the United States. In addition to presenting motivations for government financing programs, the note gives a detailed presentation of major federal programs to assist small business. View Details

Keywords: Corporate Finance; Business and Government Relations

Web

Entrepreneurial Finance (Q3) - Course Catalog

founder, early employee, advisor or investor. However, the course is also appropriate for students interested in gaining a broader view of the financing landscape for young firms, going beyond the basics of venture capital View Details

01 Oct 1999
News

Finance Conference Explores Research Methodologies

While HBS scholars have long appreciated the value of field-based research, the broader academic community in the field of finance has been slower to accept this method of inquiry. Field-based research, which closely studies the actions... View Details

November 2012
Case

Tracy Palandjian at Social Finance US (A)

By: Alnoor Ebrahim, Catherine Clark and Beth Bafford

It had been eighteen months since Tracy Palandjian had left her position as a managing director at The Parthenon Group to start an ambitious venture called Social Finance US. With a mission "to mobilize investment capital to drive social change," her new organization... View Details

Keywords: Risk and Uncertainty; Social Enterprise; Social Entrepreneurship; Personal Development and Career