Publications

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October 1998 (Revised May 1999)
Case

Kmart Corp.

Describes a situation in which a company (Kmart) refinances a portion of its debt. Used to illustrate how the asset and liability sides of the balance sheet are linked. View Details

Keywords: Restructuring; Accounting; Borrowing and Debt; Retail Industry

16 Jul 2021
Op-Ed

For Entrepreneurs, the Benefits of Slowing Down

acquisitions, partnerships, new product launches, or international expansion in ways you might not have had the time and space to think through. 3. Pay down your organizational debt Every fast-growing startup incurs View Details

Keywords: by Jeffrey Bussgang

11 Feb 2015
Research & Ideas

Politicians Benefited From Using Toxic Loans

their study on France, having gained access to two valuable data sets: The first contained the entire debt portfolio for most of the 300 largest French local governments as of December 31, 2007; and the second contained the loan-level... View Details

Keywords: by Carmen Nobel; Financial Services

February 1988 (Revised May 1988)
Background Note

Note on Debt-Equity Conversions in Latin American Countries

By: Ray A. Goldberg

Keywords: Borrowing and Debt; Equity; Development Economics; Latin America

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

Educators

02 Jun 2011
What Do You Think?

Is it Time for a National Bankruptcy?

nation's debt? they are the ones who chose the representatives." As an alternative to insolvency, forgiveness of debt combined with other measures had appeal for several respondents. Yadeed Lobo, while entertaining the idea of... View Details

Keywords: by Jim Heskett

14 Oct 2013
Research & Ideas

Time that Government Reopens for Business

doesn't increase its debt limit on October 17, it will start defaulting on its bills—an unprecedented event in the nation's history. Senior Lecturer Joseph B. Fuller, a member of the School's Entrepreneurial Management Unit and an expert... View Details

Keywords: by Jim Aisner

June 2002
Background Note

Convertible Securities

This case covers the general characteristics of convertible securities and briefly discusses their history, investors, issuers, and method of valuation. View Details

Keywords: Debt Securities

Educators

January 1987 (Revised September 1991)
Case

Walt Disney Co.'s Yen Financing

By: W. Carl Kester and William B. Allen

Walt Disney is considering hedging future yen inflows from Disney Tokyo. It is evaluating techniques using FX Forwards, swaps, and Yen term borrowings. Goldman Sachs presents a rather unusual but potentially attractive solution: Disney could issue ECU Eurobonds and... View Details

Keywords: Borrowing and Debt; Currency; Bonds; Valuation; Tokyo

Educators

2008
Book

Borrowing to Live: Consumer and Mortgage Credit Revisited

By: Nicolas P. Retsinas and Eric S. Belsky

Keywords: Borrowing and Debt; Customers; Credit; Mortgages

2000
Other Unpublished Work

Private Versus Public Debt: Evidence from Firms that Replace Bank Loans with Junk Bonds

By: S. C. Gilson and J. Warner

Keywords: Borrowing and Debt; Financing and Loans; Bonds; Banking Industry

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

20 Nov 2018
First Look

New Research and Ideas, November 20, 2018

PE-backed companies increased investments relative to their peers, while also experiencing greater equity and debt inflows. The effects are stronger among financially constrained companies and those whose private equity investors had more... View Details

Keywords: Dina Gerdeman

January 2009 (Revised June 2010)
Teaching Note

Lyons Document Storage Corporation: Bond Math (Brief Case)

By: William J. Bruns Jr.

Teaching Note to 3215 View Details

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

24 Jun 2014
First Look

First Look: June 24

http://hbr.org/product/collective-genius-the-art-and-practice-of-leading-innovation/an/13296E-KND-ENG?referral=01240 August 2013 Harvard Business Law Review Sovereign Debt Restructuring: Evaluating the Impact of the Argentina Ruling By:... View Details

Keywords: Sean Silverthorne

February 2016
Supplement

Financing Curtis LLP

By: Nikolaos Trichakis

This is a follow-up to "Curtis LLP: A Case on Cases," HBS case No. 616-049. It explores the challenges facing debtors when dealing with borrowing firms that have operational flexibility. View Details

Keywords: Management; Operations; Borrowing and Debt; Financial Services Industry