Loan Contracts - Publications - Faculty & Research

16 May 2023
In Practice

After Silicon Valley Bank's Flameout, What's Next for Entrepreneurs?

roughly one third of our portfolio of over 200 companies had some relationship with the bank. The startup ecosystem has benefited in recent years from a combination of low interest rates and expanded credit. The contraction of credit to... View Details

Keywords: by Avery Forman; Technology; Financial Services

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Topics - HBS Working Knowledge

Complexity (3) Conflict Management (4) Conflict and Resolution (13) Conflict of Interests (1) Construction (1) Consumer Behavior (173) Contracts (7) Cooperation (3) Cooperative Ownership (1) Copyright (2) Core Relationships (1) Corporate... View Details

12 Jun 2018
First Look

New Research and Ideas, June 12, 2018

Moneylender Debt in India and the Philippines By: Karlan, Dean, Sendhil Mullainathan, and Benjamin Roth Abstract—A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus... View Details

Keywords: Dina Gerdeman

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Global Opportunity Fellowship GO: AFRICA - Alumni

positions are ineligible for GO Fellowship awards: Part-time, term, temporary, contract or volunteer roles. A position with job responsibilities that are determined to be sectarian by the Review Committee. Political campaign work. Given... View Details

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Research - Behavioral Finance & Financial Stability

Lawrence's other research here . Related Themes: Monetary Policy & Money Markets, Stabilization Policy & Regulation More Info Covenant-Light Contracts and Creditor Coordination By: Bo Becker & Victoria Ivashina 31 MAR 2016 Leveraged View Details

20 Dec 2016
First Look

December 20, 2016

Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51989 forthcoming Review of Financial Studies The Political Economy of Financial Innovation: Evidence from Local Governments By: Vallée, Boris, and Christophe Perignon Abstract—We examine the toxic View Details

Keywords: Carmen Nobel

01 Jan 2011
News

Karen Gordon Mills, MBA 1977

with a portfolio of more than $90 billion in loan guarantees, the SBA is responsible for ensuring that 23 percent of all government contracts are awarded to small businesses. "That's $100 billion dollars a... View Details

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The 20th Century Zeitgeist - Leadership

spending Savings and Loan bailout Chrysler bailout Breakup of AT&T Influence: Medium-Low 90 1990 s Family and Medical Leave Act Americans with Disabilities Act Welfare reform Antitrust action initiated against Microsoft Influence:... View Details

October 2016
Case

The Quiet Ascension of LA Fitness

By: John R. Wells and Gabriel Ellsworth

In 2016, LA Fitness was the largest chain of non-franchised fitness clubs in North America, operating 676 clubs, serving 4.9 million members, and generating revenues of over $1.9 billion. Founded by Chinyol Yi, Louis Welch, and Paul Norris in 1984, the privately held... View Details

Keywords: LA Fitness; Health Clubs; Fitness; Gyms; Chain; Exercise; Personal Training; Retention; Bally Total Fitness; 24 Hour Fitness; Planet Fitness; Buildings and Facilities; Acquisition; Business Growth and Maturation; Business Model; For-Profit Firms; Customers; Customer Focus and Relationships; Customer Satisfaction; Demographics; Age; Gender; Income; Residency; Borrowing and Debt; Capital; Capital Structure; Cash; Cash Flow; Cost; Private Equity; Financial Condition; Financial Liquidity; Financing and Loans; Investment Return; Price; Profit; Revenue; Geographic Location; Geographic Scope; Multinational Firms and Management; Business History; Employees; Recruitment; Selection and Staffing; Human Capital; Contracts; Business or Company Management; Goals and Objectives; Growth and Development Strategy; Market Entry and Exit; Operations; Service Operations; Leasing; Private Ownership; Problems and Challenges; Sales; Salesforce Management; Situation or Environment; Opportunities; Sports; Strategy; Business Strategy; Competition; Competitive Strategy; Competitive Advantage; Corporate Strategy; Expansion; Segmentation; Information Technology; Mobile Technology; Technology Platform; Health Industry; United States; California; Los Angeles

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August 2023 (Revised February 2024)
Case

DexAI

By: Jo Tango and Christina Wallace

During a challenging fundraising environment, the DexAI founders received two term sheets with nearly identical economic terms but very different legal ones. The entrepreneurs had to navigate: representations and warranties (their personal guarantees that the company's... View Details

Keywords: Venture Capital Term Sheet; Term Sheet; Term Sheets; Founders; Legal Aspects Of Business; Seed Financing; Founders' Agreements; Venture Capital; Entrepreneurship; Financing and Loans; Intellectual Property; Entrepreneurial Finance; Contracts; Business Startups; Agreements and Arrangements

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Case Studies - Social Impact Collaboratory

to design use investment capital to create social change. Key Themes: The social impact bond is a unique financial contract that allows investors to fund social service organizations with the potential to earn a return. Returns, if any,... View Details

28 May 2020
Research & Ideas

Coronavirus Could Create a 'Bankruptcy Pandemic'

for a large publicly traded company (although much faster prepackaged or prenegotiated bankruptcies are sometimes possible) —creditors are temporarily held at bay, and are not able to exercise remedies normally available to them when there is a default, such as calling... View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

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Charts & Statistics - Leadership

protection weakened Price controls Influence: Low 80 1980 s 19 Reaganomics Heavy defense and deficit spending Savings and Loan bailout Chrysler bailout Breakup of AT&T Influence: Medium-Low 90 1990 s Family and Medical Leave Act Americans... View Details

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Harvard Business School

Partnership into a sustainable and influential social enterprise. She also served as a consultant to such corporations as Abt Associates, Contract Research Corporation, and Urban Systems Research and Engineering. Wiley is currently a... View Details

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Frequently Asked Questions | HBS Online

resources), free career and academic webinars, a Harvard Gmail account, and education tax credit and loan deferments. Does HBS Online restrict enrollment for citizens/residents of countries in geopolitical conflict with the United States... View Details

Research Summary

Overview

The overarching goal of my research is to produce works that are influential and informative to both academics and practitioners in the field of operations management. To accomplish this, I collaborate with industry partners who provide knowledge about their field,... View Details

22 Dec 2016
Op-Ed

The Small Business Administration is a Model for How to Drive Economic Growth

working on as the head of the SBA and what I continue to write about today—access to capital. SBA’s flagship loan programs are made through more than 3,000 banks, where the private sector picks “winners and losers” and the government... View Details

Keywords: by Karen Mills

01 Mar 2023
News

The Exchange: Micro Management

Image by John Ritter In the 50 years since modern microfinance was introduced as a tool to fight poverty, institutions have distributed hundreds of millions of loans to people in developing countries. Such View Details

Keywords: Jen McFarland Flint; Funds, Trusts, and Other Financial Vehicles; Finance

20 Nov 2018
First Look

New Research and Ideas, November 20, 2018

organizations, which often use capitated payments, and bundled payments. Nearly half (46%) of respondents say value-based contracts significantly improve the quality of care, and another 42% say value-based View Details