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  • All HBS Web  (11,116)
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  • 13 Nov 2020
  • Working Paper Summaries

Long-Run Returns to Impact Investing in Emerging Markets and Developing Economies

Keywords: by Shawn Cole, Martin Melecky, Florian Mölders, and Tristan Reed; Financial Services
  • August 2022
  • Teaching Note

Engine No.1: An Impact Investing Firm Engages with ExxonMobil

By: Mark R. Kramer
Teaching Note for HBS Case No. 222-028. View Details
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Kramer, Mark R. "Engine No.1: An Impact Investing Firm Engages with ExxonMobil." Harvard Business School Teaching Note 223-016, August 2022.
  • March 2018 (Revised June 2022)
  • Background Note

Background Note: Examining the Case for Sustainable Investing

By: Shawn Cole, Vikram Gandhi and Caitlin Reimers Brumme
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Cole, Shawn, Vikram Gandhi, and Caitlin Reimers Brumme. "Background Note: Examining the Case for Sustainable Investing." Harvard Business School Background Note 218-083, March 2018. (Revised June 2022.)
  • November 20, 2002
  • Article

Incentives and Institutions to Attract Foreign Direct Investment

By: L. T. Wells Jr.
Keywords: Motivation and Incentives; Foreign Direct Investment
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Wells, L. T., Jr. "Incentives and Institutions to Attract Foreign Direct Investment." Cai jing [Caijing Magazine] (November 20, 2002).
  • June 2025
  • Teaching Plan

SWEN Blue Ocean: Impact Investing Goes to Sea

By: Vikram S Gandhi and David Allen
Teaching Plan for HBS Case No. 325-013 View Details
Keywords: Communication Technology; Green Technology; Finance; Venture Capital; Private Equity; Investment; Investment Funds; Science-Based Business; Financial Services Industry; France; Paris; Italy
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Gandhi, Vikram S., and David Allen. "SWEN Blue Ocean: Impact Investing Goes to Sea." Harvard Business School Teaching Plan 325-063, June 2025.
  • July 2024
  • Teaching Plan

Investing in the Climate Transition at Neuberger Berman

By: George Serafeim
Teaching Plan for HBS Case No. 123-092. View Details
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Serafeim, George. "Investing in the Climate Transition at Neuberger Berman." Harvard Business School Teaching Plan 124-098, July 2024.
  • June 2019
  • Teaching Plan

Goldman Sachs: Making an Imprint in Impact Investing

By: Vikram S. Gandhi and Aldo Sesia
Teaching Note for HBS No. 218-069. View Details
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Gandhi, Vikram S., and Aldo Sesia. "Goldman Sachs: Making an Imprint in Impact Investing." Harvard Business School Teaching Plan 219-007, June 2019.
  • June 1995 (Revised June 1996)
  • Case

White Nights and Polar Lights: Investing in the Russian Oil Industry

By: Debora L. Spar
In the latter half of the 1980s, the collapse of the Soviet empire created an unprecedented opportunity for Western businesses. Among those most attracted were the oil firms, who rushed to investigate Russia's vast petroleum reserves. But, as they soon discovered,... View Details
Keywords: Risk and Uncertainty; Market Entry and Exit; Foreign Direct Investment; Energy Sources; Energy Industry; Russia
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Spar, Debora L., William W. Jarosz, and Julia Kou. "White Nights and Polar Lights: Investing in the Russian Oil Industry." Harvard Business School Case 795-022, June 1995. (Revised June 1996.)
  • January–July 1993
  • Article

Growth, Corporate Policies and the Investment Opportunity Set

By: George P. Baker
Keywords: Growth and Development; Policy; Investment
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Baker, George P. "Growth, Corporate Policies and the Investment Opportunity Set." Journal of Accounting & Economics 16, nos. 1-3 (January–July 1993).
  • January 8, 2013
  • Other Article

Richest Universities Are Too Quiet on Sustainable Investing

By: Robert G. Eccles and George Serafeim
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Eccles, Robert G., and George Serafeim. "Richest Universities Are Too Quiet on Sustainable Investing." Bloomberg.com (January 8, 2013).
  • September 1996 (Revised October 1996)
  • Case

Private Equity Investment in Russia: Alliance Cellulose Limited

By: Andre F. Perold, James Gray and Roberto Mignone
Keywords: Private Equity; Investment; Russia
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Perold, Andre F., James Gray, and Roberto Mignone. "Private Equity Investment in Russia: Alliance Cellulose Limited." Harvard Business School Case 297-005, September 1996. (Revised October 1996.)
  • 2001
  • Mimeo

The Wealth Effects of Large, Project-Financed Investment Decisions

By: B. C. Esty
Keywords: Decisions; Project Finance; Investment
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Esty, B. C. "The Wealth Effects of Large, Project-Financed Investment Decisions." April 2001. Mimeo.
  • 19 Dec 2018
  • Working Paper Summaries

Find and Replace: R&D Investment Following the Erosion of Existing Products

Keywords: by Joshua Krieger, Xuelin Li, and Richard T. Thakor
  • Article

The Impact of Recombining Commercial and Investment Banking

By: Samuel L. Hayes III
Keywords: Investment; Banks and Banking; Commercial Banking
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Hayes, Samuel L., III. "The Impact of Recombining Commercial and Investment Banking." Brooklyn Law Review 70, no. 1 (Fall 2004): 39–51.
  • September 2024
  • Article

Investing in the Next Generation: The Long-Run Impacts of a Liquidity Shock

By: Patrick Agte, Arielle Bernhardt, Erica M. Field, Rohini Pande and Natalia Rigol
How do poor entrepreneurs trade off investments in business enterprises versus children's human capital, and how do these choices influence intergenerational socio-economic mobility? To examine this, we exploit experimental variation in household income resulting from... View Details
Keywords: Socio-economic Mobility; Entrepreneurship; Education; Income; Literacy; Poverty
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Agte, Patrick, Arielle Bernhardt, Erica M. Field, Rohini Pande, and Natalia Rigol. "Investing in the Next Generation: The Long-Run Impacts of a Liquidity Shock." American Economic Review 114, no. 9 (September 2024): 2792–2824.
  • 2025
  • Working Paper

How to Choose Among Technologies with Learning Curves: Making Better Investment Decisions

By: Christian Kaps and Arielle Anderer
Learning curves, the fact that technologies improve as a function of cumulative experience or investment, are desirable-think inexpensive solar panels or higher performing semiconductors. But, for firms that need to pick one technology among several candidates, such as... View Details
Keywords: Learning Curve; Technology; Innovation; Batteries; Energy Storage; Sequential Decision Making; TELCO; Exploration; Exploitation; Problems and Challenges; Cost vs Benefits; Technology Adoption; Battery Industry
Citation
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Kaps, Christian, and Arielle Anderer. "How to Choose Among Technologies with Learning Curves: Making Better Investment Decisions." Working Paper, March 2025.
  • Research Summary

Selling China: Foreign Direct Investment During the Reform Era

The aim of the book is to illustrate the dynamics of foreign direct investment (FDI) in China in the 1990s. The topic is important both because China is the world's second largest recipient of FDI and because there are substantial misconceptions about the drivers of... View Details
  • July 2017 (Revised November 2017)
  • Case

Media Markets Down South: Goldman Sachs' Investment in Grupo Clarín

By: Rafael Di Tella, Jose Liberti and Sarah McAra
Founded in 1945, Grupo Clarín expanded over several decades to become Argentina’s largest media conglomerate. With leading positions in newspapers, broadcast television, broadcast radio, cable television, and Internet services, Grupo Clarín caught the attention of... View Details
Keywords: Media; Business and Government Relations; Risk and Uncertainty; Initial Public Offering; Investment; Journalism and News Industry; Media and Broadcasting Industry; Argentina
Citation
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Di Tella, Rafael, Jose Liberti, and Sarah McAra. "Media Markets Down South: Goldman Sachs' Investment in Grupo Clarín." Harvard Business School Case 718-007, July 2017. (Revised November 2017.)
  • July 2023
  • Article

Impacts of Electricity Quality Improvements: Experimental Evidence on Infrastructure Investments

By: Robyn C. Meeks, Arstan Omuraliev, Ruslan Isaev and Zhenxuan Wang
Hundreds of millions of households depend on electricity grid connections providing low quality and unreliable services. Understanding the impacts of and consumer response to electricity quality improvements is important for development and the environment. We... View Details
Keywords: Infrastructure; Energy; Quality; Kyrgyzstan
Citation
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Meeks, Robyn C., Arstan Omuraliev, Ruslan Isaev, and Zhenxuan Wang. "Impacts of Electricity Quality Improvements: Experimental Evidence on Infrastructure Investments." Art. 102838. Journal of Environmental Economics and Management 120 (July 2023).
  • December 1993
  • Article

Risk Management: Coordinating Corporate Investment and Financing Policies

By: K. A. Froot, David S. Scharfstein and J. Stein
Keywords: Catastrophe Risk; Corporate Finance; Banking And Insurance; Hedging; Banking; Decision Choice And Uncertainty; Financial Markets; Insurance; Policy; Risk Management; Natural Disasters; Cost of Capital; Asset Pricing; Insurance Industry
Citation
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Froot, K. A., David S. Scharfstein, and J. Stein. "Risk Management: Coordinating Corporate Investment and Financing Policies." Journal of Finance 48, no. 5 (December 1993): 1629–1658. (Revised from NBER Working Paper No. 4084, February 1993. Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118. Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, UK: Edward Elgar Publishing Ltd. (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.)
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