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  • All HBS Web  (11,452)
    • People  (38)
    • News  (2,813)
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  • September 2009
  • Case

One South: Investing in Emerging Markets (A)

By: Nicolas P. Retsinas and Justin Seth Ginsburgh
A United States private equity fund, The Saboput Group, must decide whether to invest in a new technology park development in Chennai, India. The case provides the reader with a detailed investment memorandum from the local Indian operating partner, and the reader must... View Details
Keywords: Private Equity; Investment; Emerging Markets; Partners and Partnerships; Urban Development; Real Estate Industry; Chennai; United States
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Retsinas, Nicolas P., and Justin Seth Ginsburgh. "One South: Investing in Emerging Markets (A)." Harvard Business School Case 210-024, September 2009.
  • 2010
  • Working Paper

Surviving the Global Financial Crisis: Foreign Direct Investment and Establishment Performance

By: Laura Alfaro and Maggie Chen
We examine in this paper the differential response of establishments to the global financial crisis, with particular emphasis on the role of foreign direct investment (FDI) in determining micro economic performance. Using a new worldwide dataset that reports the... View Details
Keywords: Financial Crisis; International Finance; Foreign Direct Investment; Local Range; Multinational Firms and Management; Production; Performance Evaluation; Networks
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Alfaro, Laura, and Maggie Chen. "Surviving the Global Financial Crisis: Foreign Direct Investment and Establishment Performance." Harvard Business School Working Paper, No. 10-110, June 2010.
  • 1997
  • Chapter

Governance, Contracting, and Investment Time Horizons: A Look at Japan and Germany

By: W. C. Kester
Keywords: Corporate Governance; Contracts; Investment; Japan; Germany
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Kester, W. C. "Governance, Contracting, and Investment Time Horizons: A Look at Japan and Germany." In Studies in International Corporate Finance and Governance Systems: A Comparison of the U.S., Japan, and Europe, edited by Donald Chew. Oxford University Press, 1997.
  • 10 Nov 2003
  • Research & Ideas

The Hard Numbers on Social Investments

commercial solutions to social and environmental problems." The goal of the study was to help IC, whose members collectively invested $80 million from 1992 to 2001, the time horizon of the study,... View Details
Keywords: by Manda Salls
  • October 1994
  • Case

Bankers Trust: Global Investment Bank

By: Andre F. Perold and Kuljot Singh
In October 1992, Eugene Shanks, president of Bankers Trust New York Corp., and Brian Walsh, head of the Global Investment Bank (GIB) business unit, are considering a proposal for a large and complex financing involving the North Sea Oil Co. (NSOC). The financing... View Details
Keywords: Risk and Uncertainty; Credit Derivatives and Swaps; Risk Management; Value Creation; Business History; Capital Markets; Financing and Loans; Financial Markets; Corporate Finance; Banking Industry; Energy Industry
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Perold, Andre F., and Kuljot Singh. "Bankers Trust: Global Investment Bank." Harvard Business School Case 295-010, October 1994.
  • summer 1992
  • Article

Governance, Contracting, and Investment Time Horizons: A Look at Japan and Germany

By: W. C. Kester
Keywords: Governance; Investment; Japan; Germany
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Kester, W. C. "Governance, Contracting, and Investment Time Horizons: A Look at Japan and Germany." Continental Bank Journal of Applied Corporate Finance 5, no. 2 (summer 1992): 83–98.
  • 28 Apr 2020
  • Blog Post

A Crash Course in Saving a Family Business

story in an authentic way that resonates with customers. “Jiyoon is an incredible self-starter, deeply loyal to her family, and amazingly hands on. I'm inspired by her,” says Endline. “I think coming home from HBS, doing her regular... View Details
  • January 2009 (Revised May 2010)
  • Case

Altoona State Investment Board: December 2008

By: Josh Lerner
Rod Calhoun, the head of the Altoona State Investment Board's private equity investment program, considered the communication he had just received. It was from Permira, the leading European buyout fund, and concerned its fourth fund, to which Altoona had made a £ 100... View Details
Keywords: Private Equity; Financial Management; Financial Strategy; Investment Funds; Partners and Partnerships
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Lerner, Josh. "Altoona State Investment Board: December 2008." Harvard Business School Case 809-095, January 2009. (Revised May 2010.)
  • September 2011
  • Case

AXA Private Equity: The Diana Investment

By: Michael J. Roberts and William A. Sahlman
The case focuses on an investment made by AXA Private Equity, a French manufacturer of food ingredients. The investment is made at the height of the financial markets, and financed with significant debt. Soon thereafter, the financial crisis impacted the company's... View Details
Keywords: Private Equity; Ethics; Investment; Financial Crisis
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Roberts, Michael J., and William A. Sahlman. "AXA Private Equity: The Diana Investment." Harvard Business School Case 812-042, September 2011.
  • July–August 2023
  • Article

Investing in Growth Through Uncertainty

By: Ranjay Gulati
When faced with disruptions and downturns, many leaders and companies instinctively focus on cutting costs to maintain profitability. But some identify opportunities and then take thoughtful action to emerge from crisis even stronger. That means not only planning for... View Details
Keywords: Crisis Management; Strategic Planning
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Gulati, Ranjay. "Investing in Growth Through Uncertainty." Harvard Business Review 101, no. 4 (July–August 2023): 36–42.
  • 2003
  • Chapter

Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.
Keywords: Ownership; Taxation; Foreign Direct Investment; Globalized Economies and Regions
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Desai, Mihir A., C. Fritz Foley, and James R. Hines Jr. "Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment." In Foreign Direct Investment in the Real and Financial Sector of Industrial Countries, edited by Heinz Herrmann and Robert Lipsey, 61–98. Heidelberg: Springer-Verlag, 2003.
  • September 2022 (Revised September 2024)
  • Case

Esas Group: Investing Together, Staying Together

By: Christina R. Wing and Alpana Thapar
This case opens in June 2022, after Esas Group, one of Turkey’s largest family-owned investment firms, implements a series of changes to professionalize the business and help transition family members from operators to responsible investors. In December 2019, the Group... View Details
Keywords: Family Business; Transition; Business or Company Management; Organizational Structure; Governing and Advisory Boards; Governance; Financial Services Industry; Turkey
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Wing, Christina R., and Alpana Thapar. "Esas Group: Investing Together, Staying Together." Harvard Business School Case 623-027, September 2022. (Revised September 2024.)
  • Spring 2013
  • Article

The Investment Strategies of Sovereign Wealth Funds

By: Shai Bernstein, Josh Lerner and Antoinette Schoar
This paper examines the direct private equity investment strategies across sovereign wealth funds (SWFs) and their relationship to the funds' organizational structures. SWFs seem to engage in a form of trend chasing, since they are more likely to invest at home when... View Details
Keywords: Sovereign Finance; Strategy; Investment Funds
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Bernstein, Shai, Josh Lerner, and Antoinette Schoar. "The Investment Strategies of Sovereign Wealth Funds." Journal of Economic Perspectives 27, no. 2 (Spring 2013): 219–238.
  • Research Summary

The Real Effects of Capital Controls: Financial Constraints, Exporters, and Firm Investment

By: Laura Alfaro
In aftermath of the global financial crisis of 2008–2009, emerging-market governments have increasingly restricted foreign capital inflows. The data show a statistically significant drop in cumulative abnormal returns for Brazilian firms following capital control... View Details
  • 14 Nov 2014
  • News

Obama's Former SBA Chief Is Making Angel Investments and Teaching at Harvard

  • Article

Thoughts on the Future: Theory and Practice in Investment Management

By: Robert C. Merton
Keywords: Theory; Practice; Investment; Management
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Merton, Robert C. "Thoughts on the Future: Theory and Practice in Investment Management." Financial Analysts Journal 59, no. 1 (January–February 2003): 17–23. (Winner of Graham and Dodd Best Perspectives Award For excellence in financial writing. Reprinted in Harvard College Investment Magazine, spring 2005.)
  • 06 Nov 2019
  • Working Paper Summaries

Why Does Business Invest in Education in Emerging Markets? Why Does It Matter?

Keywords: by Valeria Giacomin, Geoffrey Jones, and Erica Salvaj
  • 5:30 PM – 7:15 PM EDT, 10 Jun 2020
  • Virtual Programming

The Politics Industry: How Political Innovation Can Break Partisan Gridlock and Save Our Democracy

Katherine Gehl and Professor Michael Porter utilize classic business school tools (Porters Five Forces) to analyze politics as an industry in order to understand how the U.S. political system actually works and provide powerful, practical, and achievable solutions to... View Details
  • 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
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Bruns, William J., Jr. "Basic Capital Investment Analysis." Harvard Business School Background Note 198-004, July 1997.
  • December 2009
  • Article

Intra-Industry Foreign Direct Investment

By: Laura Alfaro and Andrew Charlton
We use a new firm-level dataset that establishes the location, ownership, and activity of 650,000 multinational subsidiaries. Using a combination of four-digit-level information and input-output tables, we find the share of vertical FDI (subsidiaries that provide... View Details
Keywords: Business Subsidiaries; Competency and Skills; Foreign Direct Investment; Geographic Location; Multinational Firms and Management; Industry Structures; Production
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Alfaro, Laura, and Andrew Charlton. "Intra-Industry Foreign Direct Investment." American Economic Review 99, no. 5 (December 2009): 2096–2119. (Also Harvard Business School Working Paper No. 08-018 and NBER Working Paper No. 13447.)
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