Publications

2003
Chapter

Financing Entrepreneurship: Is Gender an Issue?

By: Nancy M. Carter, Candida G. Brush, Elizabeth Gatewood, Patricia G. Greene and Myra M. Hart

Keywords: Entrepreneurship; Gender; Corporate Finance

September 2016
Case

Hotel Vertu: Financing the Venture in the Boutique Hotel Industry

By: Howard H. Stevenson and Michael J. Roberts

Two recent MBA graduates are considering a business opportunity in the boutique hotel industry. Having found a seemingly attractive property in Savannah, Georgia, Yvonne D'Arcy and Elisabeth Whiting face questions about financing, deal structure, and unequal power... View Details

Keywords: Business Ventures; Entrepreneurship; Financing and Loans; Accommodations Industry

June 2007
Article

Law and Finance in Historical Perspective: Politics, Bankruptcy Law, and Corporate Governance in Brazil, 1850-2002

By: Aldo Musacchio

Keywords: Law; Finance; History; Perspective; Government and Politics; Insolvency and Bankruptcy; Corporate Governance; Brazil

2025
Working Paper

Data-driven Technologies and Local Information Advantages in Small Business Lending

By: Wilbur Chen, Jung Koo Kang and Aditya Mohan

We investigate whether banks' adoption of data-driven technologies influences competitive dynamics in local small business lending by diminishing the information advantages traditionally held by local banks. Using local newspaper closures as an adverse shock to the... View Details

Keywords: Data-driven Technologies; Local Information Advantages; Local Banks; Relationship Lending; Small Business Loans; Small Business; Local Range; Financing and Loans; Banks and Banking; Analytics and Data Science; Banking Industry

SSRN

28 Feb 2007
Research & Ideas

Capital Rules: The Tensions of Global Finance

cross-border finance and in patterns we have seen before. In his new book Capital Rules: The Construction of Global Finance, Abdelal documents the waxing and waning of... View Details

Keywords: by Rawi Abdelal

November 2006 (Revised December 2012)
Background Note

Note on U.S. Public Education Finance (B): Expenditures

Describes the cost structure and spending policies of U.S. public school districts. View Details

Keywords: Spending; Education; Public Administration Industry; Education Industry; United States

Web

Finance Awards & Honors - Faculty & Research

Best Paper Prize in Asset Management from the Midwest Finance Association for "The Market for Sharing Interest Rate Risk: Quantities and Asset Prices" with Umang Khetan, Jane Li, View Details

June 1994
Article

Influence of Mathematical Models in Finance on Practice: Past, Present and Future

By: Robert C. Merton

Keywords: Mathematical Methods; Finance

Article

Budget Displacement Effects of Inflationary Finance

By: Jerry R. Green and Eytan Sheshinski

2010
Book

A Call for Judgment: Sensible Finance for a Dynamic Economy

By: Amar Bhide

Our prosperity requires the enterprise of innumerable individuals and businesses who exercise their imagination and judgment—and bear responsibility for outcomes. And it is through dialogue and relationships that widespread enterprise is fostered, not merely prices in... View Details

Keywords: Recession; Banking; Banks; Finance; Economics; Macroeconomics; Banks and Banking; Banking Industry; Financial Services Industry

Web

About - Behavioral Finance & Financial Stability

in real time, perhaps policy makers can anticipate financial vulnerability and take measures to prevent crises. Harvard faculty have originated measures of investor sentiment in the equity, credit, and... View Details

Forthcoming
Article

Catching Outliers: Committee Voting and the Limits of Consensus When Financing Innovation

By: Andrey Malenko, Ramana Nanda, Matthew Rhodes-Kropf and Savitar Sundaresan

We document that investment committees of major VCs use a voting rule where one partner `championing' an early-stage investment is sufficient to invest. Their stated reason for this rule is to `catch outliers'. The same VCs use a more conventional `majority' rule for... View Details

Keywords: Optimal Voting Rules; Innovation and Invention; Venture Capital; Investment; Decision Making; Voting

SSRN

March 2005
Case

Windhoek Nature Reserve: Financing a Sustainable Conservation Model in Namibia

In 2003, a Namibian entrepreneur was deciding how to finance and manage the risks of an ecotourism, nature reserve, venture project. Explores the challenges facing an entrepreneur operating in an emerging market with imperfect local financial and legal institutions. View Details

Keywords: Emerging Markets; Entrepreneurship

August 2015
Article

Poultry in Motion: A Study of International Trade Finance Practices

By: Pol Antràs and C. Fritz Foley

This paper analyzes the financing terms that support international trade and sheds light on how these terms shape the impact of economic shocks on trade. Analysis of transaction-level data from a U.S.-based exporter of frozen and refrigerated food products, primarily... View Details

Keywords: Risk and Uncertainty; International Finance; Financing and Loans; Trade

January 2001 (Revised May 2010)
Case

BP Amoco (A): Policy Statement on the Use of Project Finance

By: Benjamin C. Esty and Michael Kane

Following the BP/Amoco merger in December 1998, CFO David Watson asked Bill Young to recommend when and under what circumstances the firm should use external project finance instead of internal corporate funds to finance new capital investments. As part of this... View Details

Keywords: Project Finance; Mergers and Acquisitions; Policy; Capital Budgeting