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  • All HBS Web  (530)
    • News  (222)
    • Research  (248)
    • Multimedia  (77)
  • Faculty Publications  (213)
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  • September 2004 (Revised February 2007)
  • Case

Hedging Currency Risks at AIFS

By: Mihir A. Desai, Vincent Dessain and Anders Sjoman
The American Institute for Foreign Studies (AIFS) organizes study abroad programs and cultural exchanges for American students. The firm's revenues are mainly in U.S. dollars, but most of its costs are in eurodollars and British pounds. The company's controllers review... View Details
Keywords: Foreign Direct Investment; Investment Funds; Financial Strategy; Forecasting and Prediction; Revenue; Credit Derivatives and Swaps; Currency; Currency Exchange Rate; Education Industry; North and Central America
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Desai, Mihir A., Vincent Dessain, and Anders Sjoman. "Hedging Currency Risks at AIFS." Harvard Business School Case 205-026, September 2004. (Revised February 2007.)
  • September 2013
  • Case

The Case of the Unidentified Industries—2013

By: Mihir A. Desai, William E. Fruhan Jr. and Elizabeth A. Meyer
Helps students to understand how the characteristics of a business are reflected in its financial statements. This case consists of an exercise in which students are given balance sheet data in percentage form and other selected financial data for companies in 14... View Details
Keywords: Financial Management; Accounting Statements; Ratio Analysis; Financial Statements; Finance
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Desai, Mihir A., William E. Fruhan Jr., and Elizabeth A. Meyer. "The Case of the Unidentified Industries—2013." Harvard Business School Case 214-028, September 2013.
  • December 2018
  • Case

The Case of the Unidentified Industries—2018

By: Mihir A. Desai, William E. Fruhan, Jr., Leanne Fan and Adil Bhatia
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Desai, Mihir A., William E. Fruhan, Jr., Leanne Fan, and Adil Bhatia. "The Case of the Unidentified Industries—2018." Harvard Business School Case 219-046, December 2018.
  • May 1996 (Revised July 1998)
  • Case

Enron Development Corporation: The Dabhol Power Project in Maharashtra, India (A)

By: V. Kasturi Rangan, Krishna G. Palepu, Ahu Bhasin, Mihir A. Desai and Sarayu Srinivasan
A large, lucrative power plant is negotiated for construction/operation by an American power company in India's evolving privatized power sector. The process of incorporating the project is captured in this case. The American company will own and operate the plant in... View Details
Keywords: Change Management; Forecasting and Prediction; Private Sector; Cross-Cultural and Cross-Border Issues; Emerging Markets; Market Entry and Exit; Agreements and Arrangements; Private Ownership; Projects; Energy Industry; India; United States
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Rangan, V. Kasturi, Krishna G. Palepu, Ahu Bhasin, Mihir A. Desai, and Sarayu Srinivasan. "Enron Development Corporation: The Dabhol Power Project in Maharashtra, India (A)." Harvard Business School Case 596-099, May 1996. (Revised July 1998.)
  • September 2013
  • Teaching Note

The Case of the Unidentified Industries—2013

By: Mihir A. Desai, William E. Fruhan, Jr. and Elizabeth A. Meyer
Helps students to understand how the characteristics of a business are reflected in its financial statements. This case consists of an exercise in which students are given balance sheet data in percentage form and other selected financial data for companies in 14... View Details
Keywords: Financial Management; Accounting Statements; Ratio Analysis; Financial Statements; Finance
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Desai, Mihir A., William E. Fruhan, Jr., and Elizabeth A. Meyer. "The Case of the Unidentified Industries—2013." Harvard Business School Teaching Note 214-030, September 2013.
  • November 2005 (Revised July 2006)
  • Background Note

Understanding Economic Value Added

By: Mihir A. Desai, Fabrizio Ferri and Steve Treadwell
Explores the concept of economic value added (EVA) and its practical applications as a management control system for performance measurement and incentive compensation. Explains how EVA is measured and explores some of the adjustments to financial statements that are... View Details
Keywords: Value
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Desai, Mihir A., Fabrizio Ferri, and Steve Treadwell. "Understanding Economic Value Added." Harvard Business School Background Note 206-016, November 2005. (Revised July 2006.)
  • September 2004 (Revised September 2008)
  • Supplement

Hedging Currency Risks at AIFS (CW)

By: Mihir A. Desai
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Desai, Mihir A. "Hedging Currency Risks at AIFS (CW)." Harvard Business School Spreadsheet Supplement 205-703, September 2004. (Revised September 2008.)
  • December 2002
  • Book Review

Review of International Taxation and Multinational Activity edited by J.R. Hines, Jr.

By: Mihir A. Desai
Keywords: Taxation; Information
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Desai, Mihir A. "Review of International Taxation and Multinational Activity edited by J.R. Hines, Jr." National Tax Journal 55, no. 4 (December 2002): 845–848.
  • 2006
  • Casebook

International Finance: A Casebook

By: Mihir A. Desai
Keywords: Finance; Books
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Desai, Mihir A. International Finance: A Casebook. John Wiley & Sons, 2006.
  • Research Summary

Research and Publications

By: Mihir A. Desai
Please refer to Professor Desai's Web Page for a complete listing of Professor Desai's View Details
  • March 2004 (Revised August 2007)
  • Supplement

Globalizing the Cost of Capital and Capital Budgeting at AES

By: Mihir A. Desai
Spreadsheet to (9-204-109). Download only. View Details
Keywords: Globalization; Capital Budgeting
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Desai, Mihir A. "Globalizing the Cost of Capital and Capital Budgeting at AES." Harvard Business School Spreadsheet Supplement 204-707, March 2004. (Revised August 2007.)
  • April 2000
  • Case

Financing of Project Achieve, The (B)

By: Mihir A. Desai
Supplements the (A) case. View Details
Keywords: Business Startups; Forecasting and Prediction; Venture Capital; Cash Flow; Equity; Negotiation Deal; Valuation
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Desai, Mihir A. "Financing of Project Achieve, The (B)." Harvard Business School Case 200-053, April 2000.
  • March 6, 2006
  • Article

Taxing Corporate Capital Gains

By: Mihir A. Desai
Keywords: Taxation; Profit; Capital
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Desai, Mihir A. "Taxing Corporate Capital Gains." Tax Notes 110 (March 6, 2006): 1079–1092.
  • 2008
  • Working Paper

The Decentering of the Global Firm

By: Mihir A. Desai
This paper describes recent changes in the relationship between firms and nation states. Firms are typically linked to the nation in which they began and are considered to have fixed national identities. While firms have reallocated various activities around the world... View Details
Keywords: Business Headquarters; Geographic Location; Globalized Firms and Management; Policy; Business and Government Relations
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Desai, Mihir A. "The Decentering of the Global Firm." Harvard Business School Working Paper, No. 09-054, October 2008.
  • September 2009
  • Article

The Decentering of the Global Firm

By: Mihir A. Desai
Keywords: Business Ventures
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Desai, Mihir A. "The Decentering of the Global Firm." World Economy 32, no. 9 (September 2009): 1271–1290.
  • July – August 2008
  • Article

The Finance Function in a Global Corporation

By: Mihir A. Desai
Keywords: Finance; Business Ventures
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Desai, Mihir A. "The Finance Function in a Global Corporation." HBS Centennial Issue Harvard Business Review 86, nos. 7/8 (July–August 2008).
  • September 2004
  • Supplement

Refinancing of Shanghai General Motors, The (A) (CW)

By: Mihir A. Desai
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Desai, Mihir A. "Refinancing of Shanghai General Motors, The (A) (CW)." Harvard Business School Spreadsheet Supplement 205-704, September 2004.
  • September 2004
  • Supplement

Valuing a Cross-Border LBO: Bidding on the Yell Group (CW)

By: Mihir A. Desai
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Desai, Mihir A. "Valuing a Cross-Border LBO: Bidding on the Yell Group (CW)." Harvard Business School Spreadsheet Supplement 205-701, September 2004.
  • June 2001
  • Teaching Note

Valuing Project Achieve TN

By: Mihir A. Desai
Teaching Note for (9-201-080). View Details
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Desai, Mihir A. "Valuing Project Achieve TN." Harvard Business School Teaching Note 201-130, June 2001.
  • April 2000
  • Case

Financing of Project Achieve, The (A)

By: Mihir A. Desai
An entrepreneur is forced to analyze the tradeoffs between different equity providers through a detailed analysis of venture financing terms and cash flow forecasts. The founder of a Web-based IMS for schools must negotiate a term sheet, determine funding needs, value... View Details
Keywords: Business Startups; Forecasting and Prediction; Venture Capital; Cash Flow; Equity; Negotiation Deal; Valuation
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Desai, Mihir A. "Financing of Project Achieve, The (A)." Harvard Business School Case 200-042, April 2000.
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