Publications

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February 1993 (Revised December 1994)
Exercise

Corporate Financial Management: Options Exercises

By: Timothy A. Luehrman

This case presents four exercises designed to introduce students to applications of option pricing and decision-tree analysis to real corporate investment problems. Two of the four problems involve decision trees and two involve option pricing. Students should be... View Details

Keywords: Financial Management; Investment; Projects; Corporate Finance

November 1973 (Revised November 1991)
Case

Economy Shipping Co. (Abridged)

By: Thomas R. Piper

Shipping company must choose among several mutually exclusive investment projects. View Details

Keywords: Decision Choices and Conditions; Investment; Projects; Shipping Industry

20 Aug 2012
Research & Ideas

The Acquirers

private equity firms and strategic companies. With this effect, a strategic company financing multiple long-term projects won't be as drawn to take advantage of cheap debt just because it's available, for... View Details

Keywords: by Kim Girard; Financial Services

March 2001 (Revised March 2003)
Case

Chase's Strategy for Syndicating the Hong Kong Disneyland Loan (B)

By: Benjamin C. Esty and Michael Kane

Supplements the (A) case. View Details

Keywords: Working Capital; Project Finance; Relationships; Financing and Loans; Financial Strategy; Tourism Industry; Hong Kong

24 Sep 2014
Op-Ed

The ABCs of Addressing Climate Change (From a Business Perspective)

projects are not up to investment standards. How can the tools of finance be applied to more and better build power, water, waste, and transit efficiency projects? This matters a lot, regardless of whether... View Details

Keywords: by John Macomber; Energy; Utilities

2001
Mimeo

The Wealth Effects of Large, Project-Financed Investment Decisions

By: B. C. Esty

Keywords: Decisions; Project Finance; Investment

05 Nov 2001
Research & Ideas

Venture Capital Goes Boom—or Bust?

particular entrepreneurial project can identify key phases of uncertainty, yield a list of potential outcomes of each phase, and provide an assessment of the likelihood of those various outcomes. This kind of thoughtful review constitutes... View Details

Keywords: by Paul A. Gompers & Josh Lerner

April 2016
Supplement

Preparing a Concession Bid at TAV Airports Holding - Exhibit 7 Supplement Model

By: C. Fritz Foley and Çiğdem Çelik

In 2013, TAV Airports Holding prepared a bid for the concession to build and operate the third Istanbul airport. This process involved input from various parts of the firm with operating and financial expertise. Burcu Geriş, the CFO of TAV Airports Holding, and her... View Details

Keywords: Partners and Partnerships; Valuation; Investment; Bids and Bidding; Projects; Management Teams; Air Transportation Industry; Turkey

02 Sep 2014
First Look

First Look: September 2

https://www.hbs.edu/faculty/Pages/download.aspx?name=15-010.pdf Cases & Course Materials Harvard Business School Case 214-083 An Overview of Project Finance and Infrastructure Finance-2014 Update... View Details

Keywords: Sean Silverthorne

06 Nov 2000
Research & Ideas

The Determinants of Corporate Venture Capital Success

the computer industry. Throughout the 1970s, Xerox completed several acquisitions in order to further its project for an "architecture of information." Unfortunately, in assembling these noncopier companies and opening PARC,... View Details

Keywords: by Paul Gompers & Josh Lerner

09 Apr 2014
Research & Ideas

A Playbook for Small-Business Job Creation

experience as a policy maker—as well as 25 years of experience as an investor and small business owner—to the U.S. Competitiveness Project at Harvard Business School. Mills left the SBA last summer and accepted a two-year fellowship at... View Details

Keywords: by Carmen Nobel; Banking; Financial Services

January 2018 (Revised January 2021)
Case

Colombia's 4G Road Program: The Pacífico 3 Bond Offer

By: John Macomber, Maria Fernanda Miguel and Mariana Cal

Colombia conceived its 4G (Fourth Generation) Road Program to try to attract $17 billion from the private sector for investment in toll roads. The nation had also created the National Infrastructure Agency of Colombia (ANI) to oversee multiple investments, and the... View Details

Keywords: Private Public Partnerships; Infrastructure; Projects; Finance; Emerging Markets; Colombia

08 Apr 2011
Research & Ideas

Will the Japan Disaster Remake the Landscape for Green Energy in Asia?

inherent advantage in the country's political system. But that is beginning to change, albeit very slowly. "It was only in 2010 that the first non-recourse project financing was closed for a wind farm... View Details

Keywords: by Dennis Fisher; Energy; Utilities

February 2004
Teaching Note

Sampa Video, Inc. (TN)

By: Richard S. Ruback and Peter Tufano

Teaching Note to (9-201-094). View Details

Keywords: Service Operations; Service Delivery; Projects; Valuation; Financing and Loans; Strategy; Cost of Capital; Service Industry

February 2022 (Revised April 2022)
Case

BUA Group

By: John D. Macomber, Pippa Tubman Armerding and Wale Lawal

BUA Group must decide between investments in cement, road building, power generation, or sugar. Private businesses are important to economic development in Africa. Students must assess the competitive nature of each of these industries, the magnitude of capital... View Details

Keywords: Investing; Transportation; Strategy; Project Finance; Agribusiness; Construction; Infrastructure; Governing Rules, Regulations, and Reforms; Agriculture and Agribusiness Industry; Nigeria; Africa

April 1999
Background Note

Note on the Caspian Oil Pipelines

By: Benjamin C. Esty and Mathew M Millett

The Caspian region may become one of the world's next major energy producers. Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan-all former Soviet republics--hold vast and largely undeveloped reserves of oil and gas, but the region's export infrastructure is nearly... View Details

Keywords: Economics; Non-Renewable Energy; Investment; Government and Politics; Infrastructure; Outcome or Result; Projects; Natural Environment; Azerbaijan; Kazakhstan; Uzbekistan