Project Finance - Publications - Faculty & Research

13 Sep 2012
Research & Ideas

Why Public Companies Underinvest in the Future

managers whose company's stock price is very sensitive to earnings news," Farre-Mensa says. Stein's model suggests that such managers might avoid investing in a long-term profitable project if it meant current profits would fall... View Details

Keywords: by Maggie Starvish

21 May 2014
Lessons from the Classroom

CORe: HBS Powers Up Online Program on Business Fundamentals

of their classmates by posting requests for help with concepts they don't understand. Their peers are given credit for reaching out to answer the call. The course will further bonding between students through required group projects that... View Details

Keywords: by Michael Blanding; Education

02 Aug 2006
Research & Ideas

Investor Protection: The Czech Experience

multinational and local firms? A: While it's certainly a disheartening outcome on the surface, there are some silver linings. The costs associated with weak institutions are usually hidden—companies that don't go public, financings that... View Details

Keywords: by Martha Lagace; Media & Broadcasting; Entertainment & Recreation

02 Feb 2010
First Look

First Look: Feb. 2

Working PapersThe Mirroring Hypothesis: Theory, Evidence and Exceptions Authors:Lyra Colfer and Carliss Y. Baldwin Abstract The mirroring hypothesis asserts that the organizational patterns of a development project (e.g., communication... View Details

Keywords: Martha Lagace

17 Apr 2012
First Look

First Look: April 17

substitutes for equity finance, payout taxes may therefore have an effect on the investment of firms. High taxes will favor investment by firms that can finance internally. Using an international panel with many changes in payout taxes,... View Details

Keywords: Carmen Nobel

24 Oct 2012
Research & Ideas

Want People to Save More? Send a Text

that if she lost her job, she couldn't pay her children's school fees or pay for a doctor," says Pomeranz, an assistant professor in entrepreneurial management at Harvard Business School. “How can we understand what projects work to... View Details

Keywords: by Kim Girard

20 Jan 2017
Research & Ideas

Here’s How Businessman Trump Is Likely to Approach the Presidency

project negotiations, he’s had a chance to do that. In the presidency, there will probably be negotiations — with Congress, with other nations, or with agencies or with all the people a president deals with — where you have to make a... View Details

Keywords: by Christina Pazzanese

03 Mar 2003
Research & Ideas

The Ingredients of a Deal Disaster

Komatsu and Dresser created a fifty-fifty joint venture (Komatsu Dresser Corporation, or KDC), merging manufacturing, engineering, and finance operations. The joint venture maintained equal management representation on the six-person... View Details

Keywords: by Ron S. Fortgang, David A. Lax & James K. Sebenius

02 Jun 2011
What Do You Think?

Is it Time for a National Bankruptcy?

and relatives in Greece lead better lives than they can afford. Their wages are high, their benefits even higher, and their taxes are low (because, he claims, they avoid paying them). Banks in other countries have to finance Greek... View Details

Keywords: by Jim Heskett

12 Mar 2006
Research & Ideas

Global Poverty Needs a Global Answer

must be profitable to be sustainable. Second, the WDC would take the initiative to target projects in countries that have a good chance of success, where the government is hospitable, the local business community eager for partners, and... View Details

Keywords: by Cynthia Churchwell

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

in terms of their R&D investment and financing decisions. We document that these negative shocks lead affected firms to increase R&D expenditures, which they finance with debt. In terms of investment... View Details

Keywords: Dina Gerdeman

22 Mar 2016
First Look

March 22, 2016

activities. We disagree and argue that risk management should function as a Revealing Hand to identify, assess, and mitigate risks in a cost-efficient manner. Done well, the Revealing Hand of risk management adds value to firms by allowing them to take on riskier View Details

Keywords: Sean Silverthorne

29 Nov 2006
Research & Ideas

Rich or Royal: What Do Founders Want?

venture and then made very different Rich-consistent choices in a subsequent venture, or who achieved Rich and Regal status only after falling susceptible to Rich versus King tradeoffs in prior ventures. In addition, I'm currently working on View Details

Keywords: by Sarah Jane Gilbert; Financial Services

28 Aug 2007
First Look

First Look: August 28, 2007

River, the Chilean government, and international conservation groups results. The conflict threatens the completion of the project and the longstanding culture and community of the Penhuenche, the indigenous people of the Upper Biobio.... View Details

Keywords: Martha Lagace

22 Jun 2010
First Look

First Look: June 22

on Innovation and Entrepreneurship, edited by David Audretsch, Oliver Falck, and Stephan Heblich. Cheltenham, U.K.: Edward Elgar Publishing, Inc., forthcoming Abstract Financing constraints are one of the biggest concerns impacting... View Details

Keywords: Martha Lagace

29 May 2020
Op-Ed

How Leaders Are Fighting Food Insecurity on Three Continents

Despite public- and private-sector efforts to feed the most vulnerable, the number of people at risk of food insecurity and malnutrition is projected to increase from 17 million to 50 million between June and August 2020. Ndidi Okonkwo... View Details

Keywords: by Howard Stevenson and Shirley Spence; Agriculture & Agribusiness

05 Nov 2012
Research & Ideas

What Wall Street Doesn’t Understand About International Trade

staff's ethnic makeup, the research team had to look at other related factors. For starters, Cohen, Malloy, and Gurun had access to ethnicity data of US metropolitan areas (from the Census Bureau and the American Communities Project at... View Details

Keywords: by Carmen Nobel

08 Dec 2009
First Look

First Look: Dec. 8

projects that are critical to their organization's success. Although building teams from individuals with varied prior experience is increasingly necessary, prior work fails to find a consistent effect of variation in experience on... View Details

Keywords: Martha Lagace

18 May 2009
Research & Ideas

The Unseen Link Between Savings and National Growth

being co-financiers of the projects. This is where private savings become relevant. Countries with sufficient private savings have the resources necessary so that their companies become co-financiers of adoption projects with foreign... View Details

Keywords: by Sarah Jane Gilbert