Publications

January 2001 (Revised May 2001)
Case

Return Logic, Inc. (A)

By: Richard G. Hamermesh and Michele Lutz

Follows three graduating HBS students as they build a business-to-business Internet venture and highlights the challenges they confront in structuring financing terms with venture capitalists. Requires students to carefully read a six-page term sheet to identify which... View Details

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

21 Nov 2016
Research & Ideas

It Matters That Your CEO Doesn't Know Much About Sales

investing in projects that earn more than their cost of capital; increasing profits from existing capital investments; reducing assets in activities that earn less than the cost of capital; and reducing the firm’s cost of capital itself.... View Details

Keywords: by Michael Blanding

17 Nov 2015
First Look

November 17, 2015

at many non-financial firms have highlighted a "low-leverage puzzle" and raised questions about the implications of cash holdings for corporate investment and economic growth. Publisher's link:... View Details

Keywords: Sean Silverthorne

02 May 2013
News

Gil Kemp, MBA 1976 & Barbara Guss Kemp

“We invest in HBS because today’s students are inspiring. We love meeting the students we support. They are just terrific, and we know that they are going to do amazing things and make a real difference in the world. We are proud to be... View Details

May 2010 (Revised September 2020)
Background Note

A Note on Real Estate Research

By: Arthur I Segel, Griffin James, Ann Cullen, Kathryn FitzGerald and Austin Haley

This note provides a comprehensive research guide for real estate students, professionals, and executives. It includes lists of real estate industry trade organizations, publicly available research resources, books, and journals relevant to a wide range of financial... View Details

Keywords: Real Estate; Property; Investment; Research; Personal Development and Career; Real Estate Industry

Article

Dynamic Consumption and Portfolio Choice with Stochastic Volatility in Incomplete Markets

By: George Chacko and Luis M. Viceira

Keywords: Decision Choices and Conditions; Investment; Markets

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05 Jan 2021
Working Paper Summaries

The ESG-Innovation Disconnect: Evidence from Green Patenting

Keywords: by Lauren Cohen, Umit G. Gurun, and Quoc H. Nguyen

29 Sep 2022
News

Securing a Resilient Future for Senegal

In March 2020, Sijh Diagne (MBA 2017) left his job as an investment banker in New York to move back to his native Senegal as an advisor to the minister of economy, planning, and cooperation. The position would entail developing the... View Details

Keywords: Maureen Harmon

August 2010 (Revised December 2010)
Case

Malcolm Life Enhances Its Variable Annuities

By: Robert C. Pozen and David J. Pearlman

The case involves an insurance CEO choosing between different designs for a variable annuity product in light of hedging, marketing, and pricing issues. The case provides students with background on the economics and regulation of life insurance and variable annuities.... View Details

Keywords: Annuities; Insurance; Investment Return; Governing Rules, Regulations, and Reforms; Product Design; Insurance Industry; United States

February 2010
Article

Global Currency Hedging

By: John Y. Campbell, Karine Serfaty-de Medeiros and Luis M. Viceira

Over the period 1975 to 2005, the US dollar (particularly in relation to the Canadian dollar) and the euro and Swiss franc (particularly in the second half of the period) have moved against world equity markets. Thus these currencies should be attractive to... View Details

Keywords: Currency; Equity; Financial Markets; International Finance; Investment Return; Globalized Markets and Industries; Risk Management

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December 1998
Case

Retail Financial Services in 1998: First Union

By: Stephen P. Bradley and Takia Mahmood

Provides an overview of First Union's current strategy for retail financial services. Retail Financial Services in 1998 should be given to all students as background material. The class should then be split into groups, with each group receiving one of the following... View Details

Keywords: Investment Funds; Management Analysis, Tools, and Techniques; Industry Structures; Competition; Competitive Strategy; Financial Services Industry

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March 1993
Case

Clarion Optical Co.

By: Michael J. Roberts and Howard H. Stevenson

Focuses on two individuals' attempts to purchase Clarion Optical Co. Forces students to consider alternative proposals for financing the purchase; generate pro forma cash flows to assess the feasibility of these proposals; estimate the sources and magnitude of... View Details

Keywords: Leveraged Buyouts; Financing and Loans; Investment Return; Cash Flow; Forecasting and Prediction