Publications

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Pitchbook | Baker Library

Pitchbook Information on companies, deals, funds, investors and service providers across the private investment lifecycle. Read More Morningstar Equity Investment reports are also available in PitchBook... View Details

Web

Clubs - Alumni

events and outreach programs, and participate in pro-bono consulting and mentoring. We encourage you to find out more about alumni activities in your region or area of interest by visiting https://www.alumni.hbs.edu/clubs/ . Make a Gift View Details

24 Apr 2014
News

Ensuring success through education

Educating a nation of children is Hüsnü Özyeğin’s (MBA 1969) investment in Turkey’s future. The successful self-made businessman and philanthropist is focused on eliminating disparities in education. He has founded dozens of schools and... View Details

24 Apr 2014
News

From observers to active participants in the global economy

By investing in African countries, moving them beyond subsistence, Jonathan Bloom (MBA 1972) fuels some of the world’s potentially fastest-growing markets. As deputy vice president for the Millennium Challenge Corporation (MCC), he... View Details

Robert H. Johnson

Under Johnson, Ingersoll-Rand enjoyed growth in products as well as profitability. In his early years, the focus of the industrial products firm was to cut costs and invest in product improvement and development. As these View Details

Keywords: Fabricated Goods

Fall 2012
Article

Foreign Entry and the Mexican Banking System, 1997-2007

By: Stephen Haber and Aldo Musacchio

What is the impact of foreign bank entry on the pricing and availability of credit in developing economies? The Mexican banking system provides a quasi-experiment to address this question because in 1997 the Mexican government radically changed the laws governing the... View Details

Keywords: Banks and Banking; Ownership; Foreign Direct Investment; Laws and Statutes; Developing Countries and Economies; Banking Industry; Mexico

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2008
Working Paper

Consumer Demand for Prize-Linked Savings: A Preliminary Analysis

By: P. Tufano, Nick Maynard and Jan-Emmanuel De Neve

This paper reports on a small-scale survey of the potential American demand for prize-linked savings accounts, an account that awards prizes as part of the saving product's return. In October 2006, Centra Credit Union launched a prize-linked savings pilot. As part of... View Details

Keywords: Saving; Income; Consumer Behavior; Personal Finance; Investment Return; Banks and Banking; Clarksville

January 2001 (Revised May 2001)
Case

Return Logic, Inc. (B)

By: Richard G. Hamermesh and Michele Lutz

Highlights how multiple rounds of financing work in practice and illustrates how terms agreed to in early-stage financing deals have an impact in later financing rounds. Also illustrates ethical issues that entrepreneurs confront as they build "dot-com" ventures. View Details

Keywords: Venture Capital; Investment Funds; Private Equity; Internet and the Web; Negotiation Deal; Entrepreneurship; Ethics

Educators

Keywords: Technology;#239;#Consumer Products and Services (B2C);#240;#Business Products and Services (B2B);#242;#Financial Services;#43;#Healthcare

Profile

Lauren Booker

management, and supervising people." Transitioning into investing and economic development While her work at Goldman was satisfying, Lauren "wanted to transition within financial services to View Details

01 Oct 1998
News

Going Against the Flow

startup evolve into Banco Pactual, which today is a full-service investment bank with a net worth of $700 million. Jakurski has found contrarian skepticism useful for analyzing emerging-market turbulence. "The government will enact a... View Details

Keywords: Dun Gifford, Jr.

Kelsey Morgan Pasqualichio

I have 12 years of private market investing experience which spans the spectrum from early stage startups to late stage LBOs. This has given me unique perspective and an understanding of what different constituent groups (investors,... View Details

William J. Ruane

Through his strong analytical skills and conservative, bottom-line driven investing approach, Ruane became one of the most successful fund managers on Wall Street. Over the past thirty years, Raune’s value-based View Details

Keywords: Finance

2011
Working Paper

When Smaller Menus Are Better: Variability in Menu-Setting Ability

Are large menus better than small menus? Recent literature argues that individuals' apparent preference for smaller menus can be explained by choosers' behavioral biases or informational limitations. These explanations imply that absent behavioral or informational... View Details

Keywords: Experience and Expertise; Decision Choices and Conditions; Investment; Investment Portfolio; Size; Quality

19 Sep 2012
Research & Ideas

Book Excerpt: “The Architecture of Innovation”

venture investors are not needed. For most of its history, Intel's fund has emphasized making passive investments in a wide variety of companies in selected categories, analogous to a mutual fund following an index fund approach. Such a... View Details

Keywords: by Josh Lerner; Financial Services

Web

Diversity & Entrepreneurship: Race & Gender Gaps Persist - Race, Gender & Equity

relationships Ability to combine work and personal life Opportunities for career growth However, among tech founders, women are somewhat less satisfied with these aspects of life than are men. How are founders faring with funding? Most tech founders (81%) View Details

August 2020 (Revised December 2020)
Case

Satrix: Competing in the Passive Asset Management Industry in South Africa

By: Mark Egan, Pippa Tubman Armerding and Dilyana Karadzhova Botha

In late 2017, Satrix, one of the largest passive asset management firms in South Africa and a pioneer in the industry since 2000, had to decide its strategy going forward in a market where passive asset management had become increasingly commoditized and... View Details

Keywords: Asset Management; Investment Funds; Competition; Competitive Strategy; Financial Services Industry; South Africa; Africa

Educators

January 1999
Article

An Analysis of Value Destruction and Recovery in the Alliance and Proposed Merger of Volvo and Renault

By: Robert Bruner

Volvo's attempt to merge with Renault in 1993 temporarily destroyed SEK 8.6 billion (US$ 1.1 billion) in Volvo shareholder wealth. This study traces the destruction to hubris, managerialism, and the escalation of commitment—elements suggested in previous research. In... View Details

Keywords: Mergers ＆ Acquisitions; Institutional Investors; Alliances; Privatization; Mergers and Acquisitions; Institutional Investing; Auto Industry

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October 2013 (Revised May 2014)
Supplement

The TELUS Share Conversion Proposal, Spreadsheet Supplement

By: Lucy White and Benjamin C. Esty

A proxy battle between a Canadian firm and a US hedge fund over a proposal to unify the firm's dual class share structure. View Details

Keywords: Stock Shares; Capital Structure; Investment Funds; Telecommunications Industry; Canada; United States

September – October 2007
Article

Trading Patterns and Excess Comovement of Stock Returns

By: Robin Greenwood and Nathan Sosner

n April 2000, 30 stocks were replaced in the Nikkei 225 Index. The unusually broad index redefinition allowed for a study of the effects of index-linked trading on the excess comovement of stock returns. A large increase occurred in the correlation of trading volume of... View Details

Keywords: Stocks; Investment Return; Market Transactions; Mathematical Methods

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