Publications

April 2022
Case

Pear Venture Capital

By: Jo Tango and Alys Ferragamo

Keith Bender, Principal at Pear Venture Capital, is working over the weekend to prepare for a Monday morning investment meeting. He has three startup pitch decks in front of him, and he must choose one to recommend at the meeting. He finds that each company has its... View Details

Keywords: Seed Investing; Seed Financing; Startup; Decision Choices and Conditions; Presentations; Business Startups; Investment; Venture Capital; United States

March 2015
Case

Discover Capital

By: William Sahlman, Robert White and Stephanie Puzio

"Discover Capital" provides an in-depth look at a first time search fund run by the tenacious Kelly Quann Bianucci. It provides background information about search funds and follows Kelly as she successfully raises her over-subscribed fund and begins the search... View Details

Keywords: Entrepreneurial Finance; Entrepreneurs; Entrepreneurship; Buyout; Loans; Acquisitions

27 Nov 2021
News

The Bright New Age of Venture Capital

22 Dec 2010
News

Capitalism Reconstructed

fall 1993
Article

Theory of Risk Capital in Financial Firms

By: Robert C. Merton and André Perold

Keywords: Theory; Risk and Uncertainty; Capital; Business Ventures; Financial Services Industry

Find at Harvard

5 Jan 2011
Other Presentation

Rethinking Capitalism

By: Michael E. Porter

Michael E. Porter, Harvard University professor, explains why business leaders must focus on shared value—creating products and services that benefit not only the company but also society. He is the coauthor of the HBR article Creating Shared Value. View Details

Keywords: Society; Strategy; United States

Read Now

04 Oct 2007
What Do You Think?

Has Managerial Capitalism Peaked?

to take into account the cost of capital employed during the term of the option. The severance payment arrangements to which they agree are too... View Details

Keywords: by Jim Heskett

1989
Article

Financial Innovations and Stability of Capital Markets

By: Marc L Bertoneche

Keywords: Innovation and Invention; Balance and Stability; Capital; Markets

Find at Harvard

July 1997
Background Note

Basic Capital Investment Analysis

By: William J. Bruns Jr.

Discusses the net present value and internal rate of return methods for analyzing capital investments. Assumes prior knowledge of compound interest and present value methods. View Details

Keywords: Investment Return; Valuation

2007
Book

Capital Rules: The Construction of Global Finance

By: Rawi Abdelal

Keywords: Capital; Governing Rules, Regulations, and Reforms; Finance

Find at Harvard

Web

Private Capital Project

interests, such as the application of cutting-edge technologies to solve broad societal problems, overlap with swaths of faculty and practitioners. Private capital techniques... View Details

29 Apr 2008
Research Event

Venture Capital

Date: January 9-10, 2008 Faculty Chairs: Josh Lerner, William Sahlman Faculty Summary Report: Colloquium: Venture Capital What were the overall goals of the colloquium? The VC Conference is one in a series... View Details

Keywords: by Josh Lerner; Financial Services

1998
Chapter

Risk-Taking Incentives and the Cost of Insurance Company Failures

By: Brian J. Hall

Keywords: Insurance; Insolvency and Bankruptcy; Risk and Uncertainty; Risk Management; Motivation and Incentives; Insurance Industry

11 Oct 2022
News

The Major Factors Driving up the Cost of Food

The Hidden Costs of Stock Market Liquidity (JFE 1993)

2010
Mimeo

An Analysis of the Impact of 'Substantially Heightened' Capital Requirements on Large Financial Institutions

By: Anil Kashyap, Jeremy C. Stein and Samuel G. Hanson

We examine the impact of "substantially heightened" capital requirements on large financial institutions, and on their customers. Our analysis yields three main conclusions. First, the frictions associated with raising new external equity finance are likely to be... View Details

Keywords: Financial Institutions; Governing Rules, Regulations, and Reforms; Capital; Equity; Financing and Loans; Credit

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April 2014
Article

The Cost of High-Powered Incentives: Employee Gaming in Enterprise Software Sales

By: Ian Larkin

This paper investigates the pricing distortions that arise from the use of a common non-linear incentive scheme at a leading enterprise software vendor. The empirical results demonstrate that salespeople are adept at gaming the timing of deal closure to take advantage... View Details

Keywords: Incentives; Motivation; Compensation; Gaming; Sales Force Management; Motivation and Incentives; Salesforce Management; Software; Compensation and Benefits; Information Technology Industry

13 Jun 2018
Sharpening Your Skills

That Costs HOW Much?

graphicola Price is important to consumers not just because it determines whether they can afford to purchase that purse or patio set. The cost of an item sets the buyer's expectations as to how the product... View Details

Keywords: by Sean Silverthorne; Retail

February 2019 (Revised November 2023)
Case

Rent-a-Center/Vintage Capital

By: Guhan Subramanian and Caeden Brynie

Christopher Korst, General Counsel for Rent-A-Center (RAC), looked at the time. It was late in the evening on December 17, 2018, yet no notice of extension had come from Vintage Capital. In June, Vintage had agreed to buy RAC for $15 per share in cash, amounting to... View Details

Keywords: Negotiation; Communication; Decision Making