Publications

10 Mar 2020
News

A proposal to cap provider prices and price growth in the commercial health-care market

October 2022 (Revised January 2025)
Case

Founders First Capital Partners: An Approach to Capital Access Equity

By: Brian Trelstad, Mel Martin and Amy Klopfenstein

In June 2021, Kim T. Folsom, the founder and CEO of revenue-based financing firm Founders First Capital Partners (FFCP), must decide whether to issue another loan to OnShore Technology Group, an up-and-coming software validation company. FFCP provided revenue-based... View Details

Keywords: Finance; Financial Instruments; Financing and Loans; Interest Rates; Investment Return; Revenue; Capital; Financial Services Industry; North and Central America; United States

20 Sep 2014
News

Beyond cows

05 Jan 2014
News

China must reform for life after the iron rice bowl

April 2004 (Revised June 2004)
Case

Neeley University Investment Management Company

This case analyzes the problem of a university looking to reduce its private equity exposure in its endowment. The university hires Cogent Partners, a small investment bank specializing in private equity secondary trading. View Details

Keywords: Financial Management; Private Equity; Higher Education; Financial Services Industry; Financial Services Industry

2024
Working Paper

Ponzi Funds

By: Philippe van der Beck, Jean-Philippe Bouchaud and Dario Villamaina

Many active funds hold concentrated portfolios. Flow-driven trading causes price pressure, which pushes up the funds’ existing positions resulting in realized returns. We decompose fund returns into a price pressure (self-inflated) and a fundamental component and... View Details

Keywords: Investment Funds; Investment Portfolio; Investment Return; Price Bubble; Financial Reporting; Financial Liquidity

SSRN

Read Now

28 Jan 2020
News

High-Yield Was Oxy. Private Credit Is Fentanyl.

January 1979 (Revised April 1986)
Case

Hanson Industries (C)

By: Samuel L. Hayes III

The management of Hanson is examining its near-term cash needs and the possible longer-term generation of earnings and cash. View Details

Keywords: Business Earnings; Cash

2011
Other Teaching and Training Material

The Fund Industry: How Your Money Is Managed

By: Robert C. Pozen

This is the teaching manual for the third edition of the fund industry: how your money is managed. It contains review and discussion questions and answers for every chapter. It also contains business-school quality cases for most chapters, including assignment... View Details

Keywords: Financial Management; Investment Funds; Money; Financial Services Industry

27 Sep 2017
News

Will a Corporate Tax Holiday Give Workers Anything to Cheer?

30 Apr 2014
News

Venture Investors Prefer Funding Handsome Men

13 Apr 2015
News

Why Americans have chosen to pay income tax

September 2011 (Revised February 2013)
Case

Sino-Forest (A)

By: David F. Hawkins and David Lane

Chinese company listed on the Toronto Stock Exchange is accused of fraud by a hedge fund. View Details

Keywords: Business Earnings; Crime and Corruption; Financial Markets; Investment Funds; Management Analysis, Tools, and Techniques; China

January 1994 (Revised November 1997)
Case

Aberlyn Capital Management: July 1993

By: Josh Lerner and Peter Tufano

Aberlyn Capital Management, a venture leasing firm specializing in providing capital to biotechnology firms, proposes to introduce a new product. Aberlyn will base a lease on an intangible product: the patent of a biotechnology firm. This poses a series of short and... View Details

Keywords: Financing and Loans; Valuation; Product Launch; Problems and Challenges; Patents; Financial Instruments; Financial Services Industry; Financial Services Industry