Real Investment - Publications - Faculty & Research

19 Sep 2023
HBS Case

How Will the Tech Titans Behind ChatGPT, Bard, and LLaMA Make Money?

best position right now? Wu: A real standout right now is Meta, in terms of fighting hard for a prominent position on the open-source side with their LLaMA model. Prior to last year, many would have assumed that Google would have been the... View Details

Keywords: by Ben Rand; Technology; Information Technology

29 Nov 2006
Research & Ideas

Rich or Royal: What Do Founders Want?

invest in the "I want to be Rich" subset. At the same time, savvy entrepreneurs know that this is what VCs are looking for, and are able to "talk the Rich talk" convincingly. For many VCs, seeing through to a founder's... View Details

Keywords: by Sarah Jane Gilbert; Financial Services

19 Apr 2016
First Look

April 19, 2016

employee learning into changes in individual and organization behavior or improved financial performance. Put simply, companies are not getting the return they expect on their investment in training and education. By View Details

Keywords: Sean Silverthorne

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Club Conferences - MBA

European Club November 16, 2024 Hospitality & Travel Conference Hospitality & Travel Club November 17, 2024 Women in Investing Conference Women in Investing Club November 24, 2024 View Details

28 May 2008
First Look

First Look: May 28, 2008

Publication:Journal of Economic Behavior and Organization (forthcoming) Abstract I model inefficient resource allocations in M-form organizations due to influence activities by division managers that skew capital budgets in their favor. Corporate headquarters receives... View Details

Keywords: Martha Lagace

Web

Technology & Operations Management - Faculty & Research

Business Review (website) (October 24, 2023). MDH Partners: Evolving a Family Legacy By: Christina R. Wing and Sarah Mehta October 2024 | Case | Faculty Research This case is about succession planning for MDH Partners, an Atlanta-based industrial View Details

12 Jun 2014
Working Paper Summaries

The Triumph of the Humble Chief Risk Officer

Keywords: by Anette Mikes

12 Sep 2016
Blog Post

An Interview with Corporate Relations Director, Jonathan Shepherd

What did you do before coming to HBS? I was lucky enough to have literally stumbled upon my HBS job after spending the prior part of my career working exclusively in finance roles. Before HBS, I worked in investment banking, asset... View Details

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Finance Curriculum - Faculty & Research

Q1Q2 3.0 Private Equity Finance Victoria Ivashina , Ted Berk Fall 2024 Q1Q2 3.0 Real Estate Investing Dwight Angelini , Matt Kelly Spring 2025 Q3 1.5 Real Estate Private Equity... View Details

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Courses - Entrepreneurship

how executives should approach making critical decisions during the different phases of an entrepreneurial company's life. Starting from the vantage point of the individual , we will put ourselves in the shoes of decision makers ranging from technology entrepreneurs to... View Details

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Connect with Clubs - Recruiting

Borinstein dborinstein@mba2025.hbs.edu Will Nahm wnahm@mba2025.hbs.edu Black Investment Club Co-Presidents Gavra Nwamadi gnwamadi@mba2025.hbs.edu Heaven Douglas hdouglas@mba2025.hbs.edu Jackson Patterson jpatterson@mba2025.hbs.edu Club... View Details

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Students on the Job Market - Doctoral

decline either the same as or more than myopic (value-decreasing) repurchases. Results using event study returns and repurchase prices corroborate these effects. Overall, the findings are consistent with increased repurchase disclosure having View Details

23 Jul 2001
Research & Ideas

Sam Walton: Great From the Start

learn that the store was a real dog." The rent for this "dog" was 5 percent of sales. This sounded fine to Walton; but after signing the lease, he discovered that this "was the highest rent anybody'd ever heard of in... View Details

Keywords: by Richard S. Tedlow; Retail

2024
Working Paper

LASH Risk and Interest Rates

By: Laura Alfaro, Saleem Bahaj, Robert Czech, Jonathan Hazell and Ioana Neamtu

We introduce a framework to understand and quantify a form of liquidity risk that we dub Liquidity After Solvency Hedging or “LASH” risk. Financial institutions take LASH risk when they hedge against losses, using strategies that lead to liquidity needs when the value... View Details

Keywords: Liquidity; Monetary Policy; Non-bank Intermediaries; Hedging; Risk and Uncertainty; Investment Funds; Financial Condition; Interest Rates

Citation

Read Now

Forthcoming
Article

Half the Firms, Double the Profits: Public Firms' Transformation, 1996–2022

By: Mark J. Roe and Charles C.Y. Wang

The number of public firms in the United States has halved since the beginning of the twenty-first century, causing consternation among corporate and securities law regulators. The dominant explanations, often advanced by Securities and Exchange commissioners when... View Details

Keywords: Corporate Law; Securities Regulation; Sarbanes-Oxley Act; Concentration Levels; Antitrust; Initial Public Offering; Public Ownership; Private Equity; Venture Capital; Mergers and Acquisitions; Monopoly; United States

Citation

SSRN

16 May 2023
HBS Case

How KKR Got More by Giving Ownership to the Factory Floor: ‘My Kids Are Going to College!’

of growing a bigger pie for everyone. They may have to involve themselves in deeply understanding the day-to-day of the business to be able to follow and restructure the incentives. “It requires significant and authentic investment from... View Details

Keywords: by Avery Forman

16 Sep 2008
First Look

First Look: September 16, 2008

http://www.hbs.edu/research/pdf/07-099.pdf Consequences of Voluntary and Mandatory Fair Value Accounting: Evidence Surrounding IFRS Adoption in the EU Real Estate Industry Authors:Karl A. Muller, III, Edward J. Riedl, and Thorsten... View Details

03 Oct 2023
Research Event

Build the Life You Want: Arthur Brooks and Oprah Winfrey Share Happiness Tips

internet exposure, Instagram followers, admiration of strangers. You fill in the blanks. You know what I'm talking about, worldly rewards, right? But that's wrong. The real formula for satisfaction that endures is all the things that you... View Details

Keywords: by HBS Staff

16 Feb 2023
HBS Case

ESG Activists Met the Moment at ExxonMobil, But Did They Succeed?

The impact-investment hedge fund Engine No. 1 made a big splash in May 2021 when it managed to get three nominees elected to the ExxonMobil board of directors. It was an open effort to prod the oil giant toward renewable energy and test whether activist investing could... View Details

Keywords: by Lane Lambert; Financial Services

03 Oct 2022
Research & Ideas

Why a Failed Startup Might Be Good for Your Career After All

In August, mega venture capital firm Andreessen Horowitz announced a $350 million investment in residential real estate company Flow—the single largest investment the VC titan... View Details

Keywords: by Sean Silverthorne

Publications