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  • All HBS Web  (15,466)
    • People  (13)
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  • December 2002 (Revised June 2003)
  • Teaching Note

Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (TN)

By: Benjamin C. Esty and Aldo Sesia
Teaching Note for (9-203-035). View Details
Keywords: Project Finance; Financing and Loans
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Esty, Benjamin C., and Aldo Sesia. "Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (TN)." Harvard Business School Teaching Note 203-055, December 2002. (Revised June 2003.)
  • Web

Faculty Insights: Strategic Leadership in Inclusive Finance | Social Enterprise | Harvard Business School

  • April 2002
  • Article

Where Does State Street Lead? A First Look at Finance Patents, 1971-2000

By: Josh Lerner
Keywords: Patents; Finance
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Lerner, Josh. "Where Does State Street Lead? A First Look at Finance Patents, 1971-2000." Journal of Finance 57, no. 2 (April 2002). (Earlier versions distributed as HBS Working Paper No. 01-005 and NBER Working Paper No. 7918; Supplemental information on financial patents. Spreadsheet of financial patents, 1971-February 2000.)
  • March 1993
  • Article

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance

Keywords: Money; Policy; Finance
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Kashyap, Anil, Jeremy Stein, and David Wolcox. "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance." American Economic Review 83, no. 1 (March 1993): 78–98.
  • 1991
  • Other Unpublished Work

Japanese Corporate Finance and Governance: Implications for the Privatization of Eastern European Economies

By: David S. Scharfstein
Keywords: Privatization; Corporate Governance; Developing Countries and Economies; Corporate Finance; Japan; Europe
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Scharfstein, David S. "Japanese Corporate Finance and Governance: Implications for the Privatization of Eastern European Economies." December 1991.
  • 07 Feb 2015
  • News

John C. Whitehead, a Leader in Finance and Government, Dies at 92

  • Article

Wealth-Making in Nineteenth and Early Twentieth Century Britain: Industry v. Commerce and Finance

By: Tom Nicholas
This paper refutes the hypothesis put forward by W.D. Rubinstein that a disproportionately large share of Britain's wealth makers were active in commercial and financial trades in London. We use a data set of businessmen active in nineteenth- and early... View Details
Keywords: Trade; Finance; Commercialization; Mathematical Methods; Wealth and Poverty; Great Britain; London
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Nicholas, Tom. "Wealth-Making in Nineteenth and Early Twentieth Century Britain: Industry v. Commerce and Finance." Business History 41, no. 1 (January 1999).
  • March 2022 (Revised May 2022)
  • Case

Reclaiming the Land of Purple: Purpl’s Mission to Unlock Finance in Lebanon

By: Lauren Cohen and Grace Headinger
Karl Naim, Co-Founder and CEO of Purpl, embarked on a venture to lower remittance costs for his native Lebanon. Since October 2019, the Lebanese economy had entered a free fall as its banking sector collapsed and large swathes of its population were plunged into... View Details
Keywords: Business Startup; Fintech; Inflation; Deflation; Cross-border Frictions; Remittances; Business Startups; Diasporas; Financial Crisis; Money; Entrepreneurship; Cross-Cultural and Cross-Border Issues; Poverty; Financial Institutions; Banking Industry; Financial Services Industry; Technology Industry; Lebanon
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Cohen, Lauren, and Grace Headinger. "Reclaiming the Land of Purple: Purpl’s Mission to Unlock Finance in Lebanon." Harvard Business School Case 222-078, March 2022. (Revised May 2022.)
  • September 2009
  • Article

Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in The Law-Growth Nexus

By: Mark J. Roe and Jordan I. Siegel
Strong financial markets are widely thought to propel economic development, with many in finance seeing legal tradition as fundamental to protecting investors sufficiently for finance to flourish. Kenneth Dam finds that the legal tradition view inaccurately portrays... View Details
Keywords: Financial Development; Economic Development; Kenneth Dam; Finance; Government and Politics; Information; Law
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Roe, Mark J., and Jordan I. Siegel. "Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in The Law-Growth Nexus." Journal of Economic Literature 47, no. 3 (September 2009): 781–800. (Strong financial markets are widely thought to propel economic development, with many in finance seeing legal tradition as fundamental to protecting investors sufficiently for finance to flourish. Kenneth Dam finds that the legal tradition view inaccurately portrays how legal systems work, how laws developed historically, and how government power is allocated in the various legal traditions. Yet, after probing the legal origins' literature for inaccuracies, Dam does not deeply develop an alternative hypothesis to explain the world's differences in financial development. Nor does he challenge the origins core data, which could be origins' trump card. Hence, his analysis will not convince many economists, despite that his legal learning suggests conceptual and factual difficulties for the legal origins explanations. Yet, a dense political economy explanation is already out there and the origins-based data has unexplored weaknesses consistent with Dam's contentions. Knowing if the origins view is truly fundamental, flawed, or secondary is vital for financial development policy making because policymakers who believe it will pick policies that imitate what they think to be the core institutions of the preferred legal tradition. But if they have mistaken views, as Dam indicates they might, as to what the legal traditions' institutions really are and which types of laws are effective, or what is really most important to financial development, they will make policy mistakes—potentially serious ones.)
  • 07 Feb 2022
  • News

Five Ways Finance and Sales Should Work Together Toward a Healthier Company

    A Call for Judgment: Sensible Finance for a Dynamic Economy (Oxford 2010)

    • November 2016 (Revised February 2017)
    • Case

    Square, Inc. IPO

    By: Ramana Nanda, Robert White and Lauren G. Pickle
    In November 2015, Square, Inc. launched its initial public offering (IPO). The IPO had an offering price of $9 per share, lower than the $11 to $13 estimate that had been outlined in the preliminary prospectus and 42% below the $15.50 share price in its most recent... View Details
    Keywords: Business Finance; Initial Public Offering; Equity; Capital Markets; Public Equity; Stocks; Venture Capital; Financial Services Industry; United States
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    Nanda, Ramana, Robert White, and Lauren G. Pickle. "Square, Inc. IPO." Harvard Business School Case 817-054, November 2016. (Revised February 2017.)
    • January 2004 (Revised April 2005)
    • Case

    Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (B)

    By: Benjamin C. Esty and Aldo Sesia
    Supplements the (A) case. View Details
    Keywords: Financial Services Industry
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    Esty, Benjamin C., and Aldo Sesia. "Basel II: Assessing the Default and Loss Characteristics of Project Finance Loans (B)." Harvard Business School Case 204-094, January 2004. (Revised April 2005.)
    • 2002
    • Working Paper

    Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances

    Citation
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    Bergstresser, Daniel B., and James Poterba. "Asset Allocation and Asset Location: Household Evidence from the Survey of Consumer Finances." Harvard Business School Working Paper, No. 03-047, September 2002.
    • July 1989
    • Article

    On the Application of the Continuous-Time Theory of Finance to Financial Intermediation and Insurance

    By: Robert C. Merton
    Keywords: Theory; Finance; Insurance
    Citation
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    Merton, Robert C. "On the Application of the Continuous-Time Theory of Finance to Financial Intermediation and Insurance." Geneva Papers on Risk and Insurance 14, no. 52 (July 1989): 225–262. (Reproduced as Chapter 14 in Continuous-Time Finance.)
    • September 2016
    • Supplement

    Hotel Vertu: Financing the Venture in the Boutique Hotel Industry, Spreadsheet for Instructors (Brief Case)

    By: Howard H. Stevenson and Michael J. Roberts
    Citation
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    Stevenson, Howard H., and Michael J. Roberts. "Hotel Vertu: Financing the Venture in the Boutique Hotel Industry, Spreadsheet for Instructors (Brief Case)." Harvard Business School Spreadsheet Supplement 917-508, September 2016.
    • 24 Apr 2014
    • HBS Seminar

    Per Johan Strömberg, SSE Centennial Professor of Finance and Private Equity, Stockholm School of Economics

    • 1997
    • Chapter

    Resource Allocation, Incentives, and Control: The Importance of Venture Capital in Financing Entrepreneurial Firms

    By: P. A. Gompers
    Keywords: Venture Capital; Resource Allocation; Motivation and Incentives; Corporate Entrepreneurship; Corporate Governance
    Citation
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    Gompers, P. A. "Resource Allocation, Incentives, and Control: The Importance of Venture Capital in Financing Entrepreneurial Firms." In Entrepreneurship, SMEs, and the Macroeconomy, edited by Zoltan J. Acs, Bo Carlsson, and Charlie Karlsson. Cambridge University Press, 1997.
    • December 2004
    • Article

    When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico

    By: Noel Maurer and Andrei Gomberg
    Keywords: Finance; Banks and Banking; Trust; Mexico
    Citation
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    Maurer, Noel, and Andrei Gomberg. "When the State is Untrustworthy: Public Finance and Private Banking in Porfirian Mexico." Journal of Economic History 64, no. 4 (December 2004): 1087–1107.
    • 03 Jan 2019
    • Working Paper Summaries

    Financing the Response to Climate Change: The Pricing and Ownership of US Green Bonds

    Keywords: by Malcolm Baker, Daniel Bergstresser, George Serafeim, and Jeffrey Wurgler
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