Publications

Article

High School Curriculum and Financial Outcomes: The Impact of Mandated Personal Finance and Mathematics Courses

By: Shawn Cole, Anna Paulson and Gauri Kartini Shastry

Financial literacy and cognitive capabilities are convincingly linked to the quality of financial decision-making. Yet, there is little evidence that education intended to improve financial decision-making is successful. Using plausibly exogenous variation in exposure... View Details

Keywords: Financial Literacy; Cognitive Capability; Secondary Education; Personal Finance; Decision Making

Read Now

October 2002 (Revised April 2005)
Case

Jinwoong: Financing an Entrepreneurial Firm in the Wake of the Korean Financial Crisis

Describes T.P. Lee, the founder and CEO of Jinwoong, a 19-year-old entrepreneurial company in Korea that has grown to become the world's largest manufacturer of camping tents. Labeled by Fortune as one of the most promising entrepreneurs in Asia in 1993, Lee faces some... View Details

Keywords: Emerging Markets; Entrepreneurship; Financing and Loans; Financial Crisis; Manufacturing Industry; Consumer Products Industry; South Korea

Educators

December 2002 (Revised January 2004)
Case

Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (A)

By: Benjamin C. Esty and Aldo Sesia

In June 1999, the Basel Committee on Banking Supervision announced plans to revise the capital standards for banks. The Basel Committee believed that project loans were significantly riskier than corporate loans and, therefore, warranted higher capital charges under... View Details

Keywords: Risk and Uncertainty; Project Finance; Financing and Loans; Projects; Standards; Banks and Banking; Banking Industry

Educators

June 2007
Article

The Speed-Reading Organization: Revving up Finance with Time-Driven Activity-Based Costing

By: Robert S. Kaplan and Steven R. Anderson

Keywords: Organizations; Finance; Activity Based Costing and Management

12 PM – 1 PM EDT, 07 May 2015
Webinars: Trending@HBS

The Low Risk Anomaly: Implications for Investment, Asset Allocation, and Corporate Finance

One of the basic principles of finance is that, in competitive and efficient markets, investors earn higher average returns only by taking greater risks. Asset classes follow this pattern: Stocks have returned more than bonds, and bonds have returned more than cash.... View Details

November 1978
Supplement

British Petroleum Co. Ltd.: Financing Alternatives in 1971, Additional Information

By: Thomas R. Piper

Keywords: Financing and Loans; Energy Industry

March 2004
Supplement

Growing Up in China: The Financing of BabyCare Ltd.

By: Mihir A. Desai and Mark Veblen

Spreadsheet to (9-204-029). Selected case exhibits. Download only. View Details

Keywords: China

Web

Bank Summary Sheets - Behavioral Finance & Financial Stability

Banking System Bank Summary Sheets JPMorgan Chase & CO. JPMorgan Chase & CO. Bank of America Corporation Wells Fargo & Co. Citigroup Inc. 5 6 7 8 9 10 JPMORGAN CHASE & CO Balance Sheet Risk & Return View Details

Web

Global Crises Data by Country - Behavioral Finance & Financial Stability

Data Global Crises Data by Country Download Data Set in Excel On this page we present data collected over many years by Carmen Reinhart (with her coauthors Ken Rogoff, Christoph Trebesch, and Vincent Reinhart). These include Banking Crisis dates for more than 70... View Details

March 1981 (Revised February 1983)
Background Note

International Banks and Balance of Payments Finance in the Mid-1970s

July 2014
Teaching Note

Homestrings, Inc.: Diaspora-Based Financing and the Crowd Funding of Development

By: William R. Kerr and Penelope Rossano

1991
Chapter

Financing Sub-National Government Expenditures: Perspectives from the United States Experience

By: Dutch Leonard

Keywords: Government and Politics; Cost; Local Range; United States

24 Sep 2024
Blog Post

Climate Finance in Africa: Health, Self-Interest, Avoided Future Cost

and national security issues worsened in part by migration out of newly unlivable situations. How can investors, businesses, and global society face these issues? Governments and development finance institutions (DFIs) clearly don’t have... View Details

June 2014 (Revised October 2015)
Supplement

Molycorp: Financing the Production of Rare Earth Materials Spreadsheet Supplement

By: Benjamin C. Esty and Scott Mayfield

May 2001 (Revised January 2003)
Teaching Note

Calpine Corporation: The Evolution From Project to Corporate Finance TN

By: Benjamin C. Esty and Michael Kane

Teaching Note for (9-201-098). View Details

Keywords: Energy Industry; United States

2005
Chapter

Concepts Fondamentaux de la Finance et Fusions et Acquisitions

By: Marc L Bertoneche

Keywords: Mergers and Acquisitions; Finance

24 Apr 2014
News

Private-sector finance experience goes to work for nonprofit boards

Tom Kempner (MBA 1978) talks about using his experience in finance to help manage several nonprofit organizations in New York City. (Published April 2014) View Details

01 Apr 2001
News

Big Deals: Project Finance Helps Mitigate Risk in Large-Scale Investments

Forget millions; think billions. That’s what HBS associate professor Benjamin C. Esty does in Large-Scale Investment, a new MBA elective course he has developed that examines how companies structure, value, and finance large,... View Details

Keywords: Julia Hanna; Motorola; Finance; Finance; Finance; Finance; Finance; Finance; Finance; Finance; Finance; Finance

2021
Working Paper

The Dance Between Government and Private Investors: Public Entrepreneurial Finance around the Globe

By: Jessica Bai, Shai Bernstein, Abhishek Dev and Josh Lerner

This paper examines the interaction between governments and private capital investors when financing early-stage ventures. We first provide a simple conceptual framework to explore when collaboration between governments and private investors is likely to emerge. Using... View Details

Keywords: Public Entrepreneurship; Subsidy; Industrial Policy; Entrepreneurship; Public Sector; Financing and Loans; Venture Capital; Global Range