Growth Equity - Publications - Faculty & Research

April 2011
Article

Private Equity and Long-Run Investment: The Case of Innovation

By: Josh Lerner, Morten Sorensen and Per Stromberg

A long-standing controversy is whether LBOs relieve managers from short-term pressures of dispersed shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495... View Details

Keywords: Patents; Private Equity; Leveraged Buyouts; Investment; Innovation and Invention

Citation

Find at Harvard

Purchase

12 PM – 1 PM EST, 12 Dec 2019
Webinars: Career

From Private Equity to Private Debt: Key Trends in Alternative Investments

Private equity industry has expanded substantially to include new strategies, new players, and new funding models. Professor Victoria Ivashina will explore new trends, limits to disintermediation, growth potential, and what to keep in mind if you are exploring these... View Details

Program

Foundations of Private Equity and Venture Capital

industry models, from venture capital to growth equity to buyouts, as well as the key issues related to investment criteria, management strategies, and decision-making processes. For executives with... View Details

Keywords: Finance; Finance

February 2009 (Revised April 2011)
Module Note

Financing Growth in Family and Closely Held Firms

By: Belen Villalonga

This note describes the second of four modules in Financial Management of Family and Closely Held Firms, an elective MBA course at Harvard Business School. The note analyzes the pros and cons of different equity financing options that are available to family firms such... View Details

Keywords: Corporate Finance; Business Growth and Maturation

Citation

Purchase

2010
Other Unpublished Work

International Capital Allocation, Sovereign Borrowing, and Growth

By: Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych

The key in the investigation of "where" and "why" capital flows, relative to the neoclassical benchmark, is how we measure these flows. The macro literature has been using three main yardsticks: the current account balance, returns to capital, and the volume of net... View Details

Keywords: Economic Growth; Borrowing and Debt; Capital; Cash Flow; Private Equity; Public Equity; International Finance; Sovereign Finance; Government and Politics

Citation

Web

Research - Race, Gender & Equity

Good for the Buyer and Good for Society: Sampo-yoshi, Sustainability and Trust at ITOCHU By: Sandra J. Sucher and Bethelehem Y Araya In 2024, ITOCHU CEO Masahiro Okafuji was at a crossroads. As the thirteenth CEO since ITOCHU’s founding in 1858, he had fueled the... View Details

Web

Private Equity Finance - Course Catalog

HBS Course Catalog Private Equity Finance Course Number 1440 Senior Lecturer Ted Berk Fall; Q1Q2; 3.0 credits 28 Sessions Exam Overview This is an advanced corporate finance course focused on private equity... View Details

01 Sep 2017
News

Is Private Equity Blockchain’s Killer App?

O’Grady is cognizant that expansion will take time. “It’s not as though by the end of the year we’re going to have all of our private equity fund clients [on blockchain], because it’s still the early days of the application of this... View Details

Keywords: Dan Morrell

10 Aug 2020
Blog Post

HBS Summer Fellows Focus on Racial Equity and Justice

The HBS Social Enterprise Initiative aims to educate, support, and inspire leaders to tackle society’s toughest challenges and make a difference in the world. We are committed to the fight for racial justice and to promoting diversity and View Details

08 Jan 2020
Blog Post

Know Your Audience - Recruiting HBS Students for Private Equity

typically bring deep expertise from other industries. Through his coaching conversations with students, Jonathan has found, “Students in the past few years have been especially drawn to growth equity as it... View Details

Keywords: Venture Capital / Private Equity

Web

Timeline - Race, Gender & Equity

Rehabilitation Act 1997 Pride at Work, a national coalition of lesbian, gay bisexual and transgender workers and their supporters, becomes an AFL-CIO constituency group AFL-CIO membership renewed growth Pride at Work 2012 Jennifer Doudna... View Details

January 2004 (Revised April 2004)
Case

Ford Motor Company: Quality of Earnings Growth Analysis (A)

By: David F. Hawkins and Jacob Cohen

Even though Ford Motor Co. reports improved profitability, an equity analyst issues a sell recommendation and Standard & Poor's downgrades long-term debt. View Details

Keywords: Quality; Business Earnings; Valuation; Investment Return; Profit; Financial Statements; Revenue; Auto Industry; Consulting Industry

Citation

Educators

Purchase

2014
Article

The Growth and Limits of Arbitrage: Evidence from Short Interest

By: Samuel G. Hanson and Adi Sunderam

We develop a novel methodology to infer the amount of capital allocated to quantitative equity arbitrage strategies. Using this methodology, which exploits time-variation in the cross section of short interest, we document that the amount of capital devoted to value... View Details

Keywords: Strategy; Financial Instruments; Capital Markets; Investment

Citation

Find at Harvard

Read Now

18 May 2009
Research & Ideas

The Unseen Link Between Savings and National Growth

paper concludes that savings contributes to growth in locations where entrepreneurs and companies lack access to necessary technological advances, in countries far away from the "technological frontier." To overcome this... View Details

Keywords: by Sarah Jane Gilbert

01 Feb 2013
News

Growth Strategy Has Double Bottom Line

Hourdequin (MBA 2005), managing directors at the Lyme Timber Company in Hanover, New Hampshire, work hard to make the double bottom line a reality. Founded in 1976, Lyme Timber Company is a timberland investment management organization (TIMO), a private View Details

Keywords: Louisa Rigali; Forestry and Logging; Agriculture; Funds, Trusts, and Other Financial Vehicles; Finance

February 2023 (Revised March 2023)
Case

The LPGA’s Long Drive Toward Gender Equity

By: Boris Groysberg and Alexis Lefort

This case provides a history of the Ladies Professional Golf Association (LPGA) and examines the reasons for the gender pay gap in professional sports. The case protagonist, the commissioner of the LPGA, wrestles with the opportunities and challenges the LPGA currently... View Details

Keywords: Decision Making; Gender; Growth and Development Strategy; Mission and Purpose; Sports Industry; United States

Citation

Educators

Purchase

September 2022
Article

House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data

By: Sari Pekkala Kerr, William R. Kerr and Ramana Nanda

During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau data that most of this entry is related to construction and real estate; these entrants tend to be small and short-lived. Using a 1998 Texas reform that... View Details

Keywords: House Prices; Collateral Channel; Entry; Entrepreneurship; Housing; Real Estate Industry; Construction Industry

Citation

Find at Harvard

Read Now

The consistent growth of long-term alternative asset managers in the past four decades coincided with the secular decline in interest rates. This has been an important tailwind for the private equity industry’s development as debt markets became increasingly... View Details

2022
Working Paper

House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data

By: Sari Pekkala Kerr, William R. Kerr and Ramana Nanda

During 1992-2007, house price growth is strongly correlated with local entrepreneurship. We show with Census Bureau data that most of this entry is related to construction and real estate; these entrants tend to be small and short-lived. Using a 1998 Texas reform that... View Details

Keywords: House Prices; Collateral Channel; Entry; Demography; Mortgages; Entrepreneurship

Citation

SSRN

Read Now