Publications

March 2000 (Revised April 2000)
Case

Martin Smith: May 2000

By: G. Felda Hardymon and Josh Lerner

A new associate at a venture capital firm must choose which of three potential investments to recommend to the firm's partners. Each potential investment has strengths and drawbacks. View Details

Keywords: Venture Capital; Investment; Valuation

01 Dec 2004
News

Case Studies in International Entrepreneurship by Walter Kuemmerle (McGraw-Hill) This collection of 29 cases based on real situations compares opportunities, financing contexts, valuation approaches, and entrepreneurial styles in the... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

fall 2000
Article

What Determines Comparability When Valuing Firms with Multiples

By: B. C. Esty

Keywords: Valuation; Business Ventures

Find at Harvard

October 2005 (Revised May 2006)
Teaching Note

Yamato Transport: Valuing and Pricing Network Services (TN) (A) and (B)

By: Felix Oberholzer-Gee

Keywords: Valuation; Price

December 1986 (Revised January 1987)
Case

Standard Oil Co.: Oil Indexed Units

By: William E. Fruhan Jr.

Keywords: Valuation; Energy Industry

Find at Harvard

November 2011
Supplement

Pacific Grove Spice Company, Spreadsheet Supplement (Brief Case)

By: William E. Fruhan Jr. and Craig Stephenson

Keywords: Valuation

January 1992
Teaching Note

Congoleum Corporation (Abridged) TN

By: Richard S. Ruback

Teaching Note for (9-287-029). View Details

Keywords: Leveraged Buyouts; Valuation; Equity; Manufacturing Industry

September 2002 (Revised April 2004)
Background Note

Valuing Cash Flows in an International Context

Addresses the question of how to value cash flows in an international context. Focuses on entrepreneurial ventures, but its content applies to finance issues that arise in established multinational enterprises. Addresses cash flows, discount rates, country risk... View Details

Keywords: International Finance; Valuation; Cash Flow

spring 1999
Article

Improved Techniques for Valuing Large-Scale Projects

By: B. C. Esty

Keywords: Valuation; Management Analysis, Tools, and Techniques; Projects

Find at Harvard

May 1998
Case

Thailand in May and June of 1997

By: Hugo Uyterhoeven

Diagnose the economic situation, evaluate the available options, and recommend a course of action. View Details

Keywords: Economy; Policy; Situation or Environment; Valuation; Thailand

12 Sep 2016
News

HBS Alumni Startups Are Raking in VC Funds

are 13 “unicorns”—firms with valuations over $1 billion. The article also cites a report in the Financial Times that 28 percent of recent HBS graduates had started companies, often while employed with other firms. Read the complete... View Details

Keywords: Finance

25 Mar 2019
News

Rent The Runway Joins the Unicorn Club

Photo via Forbes, courtesy of Rent the Runway Photo via Forbes, courtesy of Rent the Runway Rent the Runway’s latest fundraising round—a $125 million investment led by Bain Capital Ventures and Franklin Templeton Investments—has pushed the company’s View Details

Keywords: Clothing and Clothing Accessories Stores; Retail Trade

10 Nov 2020
Sharpening Your Skills

Research News and Tips: Innovating Across Time Zones

stock valuation President Trump’s executive order in June suspending new work visas barred nearly 200,000 foreign workers from entering the United States and prevents American companies from hiring skilled immigrants using H-1B or L1... View Details

Keywords: by Sean Silverthorne

June 2004
Teaching Note

Pre-Money / Post-Money Tutorial (Instructor Guide)

By: Richard G. Hamermesh and Michael J. Roberts

Teaching Note to (9-803-703). View Details

Keywords: Entrepreneurship; Valuation; Finance; Online Technology

01 Dec 1997
News

Merton's Economics Research Wins Nobel Prize

accomplishment from both sides of the Charles. "Robert Merton has been an innovative leader in the field of economic valuations and in improving the capacity to manage financial risk," said Harvard President Neil L. Rudenstine. "This is a... View Details

12 PM – 1 PM EST, 12 Dec 2019
Webinars: Career

From Private Equity to Private Debt: Key Trends in Alternative Investments

Private equity industry has expanded substantially to include new strategies, new players, and new funding models. Professor Victoria Ivashina will explore new trends, limits to disintermediation, growth potential, and what to keep in mind if you are exploring these... View Details

December 2008 (Revised July 2010)
Case

TravelCenters of America

By: Robin Greenwood, Daniel Jacob Goldberg and James Quinn

A New York-based hedge fund must decide whether to invest in TravelCenters of America (TA), a recent spin-off from a U.S.-based real estate investment trust. The case confronts students with the question: To what extent is this spin-off opportunity attractive from a... View Details

Keywords: Mergers and Acquisitions; Investment; Valuation; Real Estate Industry; Travel Industry; United States

February 2008
Teaching Note

Silic (TN) (A) and (B): Choosing Cost or Fair Value on Adoption of IFRS

By: David F. Hawkins, Edward J. Riedl, Vincent Dessain and Andrew Barron

Teaching Note for 108-030 and 108-031. View Details

Keywords: Financial Reporting; International Accounting; Cost; Valuation

2014
Working Paper

Governing Misvalued Firms

By: Dalida Kadyrzhanova and Matthew Rhodes-Kropf

Equity overvaluation is thought to create the potential for managerial misbehavior, while monitoring and corporate governance curb misbehavior. We combine these two insights from the literatures on misvaluation and governance to ask, when does governance matter?... View Details

Keywords: Valuation; Performance; Corporate Governance