Publications

30 Sep 2008
First Look

First Look: September 30, 2008

case: http://harvardbusinessonline.hbsp.harvard.edu /b01/en/common/item_detail.jhtml?id=799015 PublicationsOptimal Reserve Management and Sovereign Debt Authors:Laura Alfaro and Fabio Kanczuk Publication:Journal of International... View Details

Keywords: Martha Lagace

Profile

Nelson Yuan

investment banking at Morgan Stanley and two at the Carlyle Group, where he worked in private equity and debt investment. Efficient way to learn business As Nelson’s career matured, he “didn’t find finance... View Details

March 1983 (Revised March 1986)
Case

Mexico: Crisis of Confidence

By: Richard H.K. Vietor

Keywords: Crisis Management; Borrowing and Debt; Mexico

Find at Harvard

Web

Buy Now, Pay Later: Research Links - Secondary Resources

Mortgage Debt on Homes Other Than Farm Homes at the Fourteenth Census, 1920 (Washington, D.C.: Government Printing Office, 1923). Ham, Arthur H. A Credit Union Primer; an Elementary Treatise on Cooperative Banking (New York City: Division... View Details

September 1999 (Revised November 1999)
Case

Maxwell Shoe Company, Inc.

By: Krishna G. Palepu

This case examines analysts' claim that Maxwell's stock was undervalued. View Details

Keywords: Debt Securities; Stocks; Valuation; Apparel and Accessories Industry

May 2016 (Revised August 2019)
Teaching Note

Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio

By: Nori Gerardo Lietz and Ricardo Andrade

James Tallest analyzed the opportunity to invest in a distressed portfolio of high quality properties in Germany by acquiring one or more non-performing loans from Deutschland Bank. While he considers the many aspects of the deal that is about to unfold, he must decide... View Details

Keywords: Real Estate; Distress Investing; Non-performing Loan; Borrowing and Debt; Capital Structure; Private Equity; Negotiation Deal; Valuation; Real Estate Industry; Financial Services Industry; Germany; Europe

10 Jan 2005
Research & Ideas

Professors Introduce Valuation Software

to see how off-balance sheet debt affects the company's performance, they can easily adjust the financials for that affect. If they want to see how expensing stock options would affect the company's performance, they can add that... View Details

Keywords: by Sean Silverthorne

28 Apr 2016
Blog Post

3 Concerns I Had about HBS

classmates found patterns (comparing a situation in Finance to one in The Entrepreneurial Manager, for instance) that I would never have seen, but those links remain highly memorable. Though you can choose your courses and narrow your... View Details

October 2012
Article

Securitization without Adverse Selection: The Case of CLOs

By: Effi Benmelech, Jennifer Dlugosz and Victoria Ivashina

In this paper, we investigate whether securitization was associated with risky lending in the corporate loan market by examining the performance of individual loans held by CLOs. We employ two different datasets that identify loan holdings for a large set of CLOs and... View Details

Keywords: Personal Finance; Performance; Markets; Banks and Banking; Debt Securities; Investment Portfolio; Financing and Loans

April 2012
Article

Corporate Ownership Structure and Bank Loan Syndicate Structure

By: Chen Lin, Yue Ma, Paul Malatesta and Yuhai Xuan

Using a novel data set on corporate ownership and control, we show that the divergence between the control rights and cash-flow rights of a borrowing firm's largest ultimate owner has a significant impact on the concentration and composition of the firm's loan... View Details

Keywords: Ownership; Financing and Loans; Cash Flow; Borrowing and Debt; Accounting; Crisis Management; Relationships; Law; Contracts; Banking Industry

Find at Harvard

Read Now

17 Oct 2006
First Look

First Look: October 17, 2006

Activism in Sovereign Debt: "Vulture" Tactics or Market Backbone Harvard Business School Case 706-057 The role of distressed debt funds, also known as "vulture funds," in sovereign debt... View Details

Keywords: Sean Silverthorne

January 1994
Case

National Convenience Stores, Inc.

By: Steven R. Fenster, Stuart C. Gilson and Roy Burstin

National Convenience Stores seeks to emerge from Chapter 11. Central to the nature of the reorganization plan is the company's determining enterprise value. The various constituencies (secured debt, unsecured debt, etc.) will seek to find an enterprise value that... View Details

Keywords: Capital Structure; Valuation; Restructuring; Strategic Planning; Borrowing and Debt; Food and Beverage Industry; Texas

01 Dec 2015
News

Complements to the Case Method

Learning by Doing: Stock Pitching When it comes to getting an edge in a stock trade, HBS finance professors Lauren Cohen and Christopher Malloy urge students to go straight to the source. “We encourage them to get out in the field and... View Details

January 2009 (Revised June 2010)
Case

Lyons Document Storage Corporation: Bond Math

By: William J. Bruns Jr.

In 2009 a recent MBA must analyze the possible refunding of bonds issued in 2000 when interest rates were much higher. She must consider the possible consequences of repurchasing company bonds outstanding using cash that might be obtained by issuing new bonds at a... View Details

Keywords: Financial Accounting; Quantitative Analysis; Securities; Debt Securities; Bonds; Cash Flow; Mathematical Methods; Accounting; Interest Rates

Web

Real Property - Course Catalog

select public infrastructure (e.g., power, water, and transit), highlighting how they compare with core Real Estate asset classes in terms of risk, opportunity, and investor interest. Module 3: Capital Markets Focuses on sources of real estate capital, including public... View Details

November 1977
Article

An Application of Management Science to Bank Borrowing Strategies

By: D. B. Crane, Frederick Knoop and William Pettigrew

Keywords: Management; Banks and Banking; Borrowing and Debt; Strategy

Find at Harvard

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

of Debt Forgiveness: Strategic Default Contagion and Lender Learning By: Pérez Cavazos, Gerardo Abstract—I use a unique data set of loans to small business owners to examine whether lenders face adverse consequences when they grant View Details

Keywords: Dina Gerdeman

August 2014 (Revised March 2015)
Case

Molycorp: Morgan Brothers' Reverse Convertible Notes (C)

By: Benjamin C. Esty and E. Scott Mayfield

In August 2011, Morgan Brothers Bank was issuing a $2.5 million reverse convertible note with payoffs linked to the price of Molycorp's common stock. These financially engineered securities were just one of many kinds of structured notes available in the retail market.... View Details

Keywords: Structured Products; Reverse Convertible Notes; Replication; Option Pricing; Bond Pricing; Financial Engineering; Valuation; Metals and Minerals; Debt Securities; Finance; Investment; Mining Industry; Financial Services Industry; Canada; California

March 2006
Case

Wells Fargo Convertible Bonds

By: Malcolm P. Baker and Elizabeth Kind

Howard Atkins, the chief financial officer of Wells Fargo, is considering issuing $3 billion in convertible debt. With an investment-grade credit rating, Wells Fargo is not the typical issuer of convertible securities, but the market conditions in 2003 are unusual.... View Details

Keywords: Capital Structure; Financial Institutions; Banks and Banking; Debt Securities; Financial Management; Financial Strategy; Strategy; Banking Industry