Publications

2003
Mimeo

The Economic Motivations for Using Project Finance

By: Benjamin C. Esty

Keywords: Financing and Loans; Motivation and Incentives

2024
Working Paper

FinTech & Financial Frictions: The Rise of Revenue-Based Financing

By: Dominic Russel, Claire Shi and Rowan Clarke

We use data from a major South African payment processor to study how digital payments mitigate asymmetric information challenges in small business “revenue-based financing” contracts, which tie repayment schedules to future revenue. Eight months post-financing,... View Details

Keywords: Fintech; Small Business; Financing and Loans; South Africa

SSRN

August 2023
Article

Financing the Litigation Arms Race

By: Samuel Antill and Steven R. Grenadier

Using a dynamic real-option model of litigation, we show that the increasingly popular practice of third-party litigation financing has ambiguous implications for total ex-post litigant surplus. A defendant and a plaintiff bargain over a settlement payment. The... View Details

Keywords: Litigation Financing; Dynamic Bargaining; Real Options; Lawsuits and Litigation; Financing and Loans

SSRN

Read Now

February 21, 2011
Article

How to Refocus U.S. Mortgage Interest Relief

By: Robert C. Pozen

Keywords: Interest Rates; Mortgages

January 2002 (Revised January 2003)
Case

Publishing Group of America (B)

By: Jay O. Light, Michael J. Roberts and Taslim Pirmohamed

Supplements the (A) case. View Details

Keywords: Business Startups; Financing and Loans; Publishing Industry

January 2002 (Revised August 2006)
Background Note

New Venture Financing

By: Howard H. Stevenson and Michael J. Roberts

Describes the various alternative financing alternatives available to new ventures. A rewritten version of an earlier note. View Details

Keywords: Financing and Loans; Business Startups

01 Dec 1997
News

Banking on HBS

citizen in 1980.) Established at the Bretton Woods conference of world leaders in 1944 and today consisting of 180 member countries, the International Bank for Reconstruction and Development makes low-cost, long-term loans (with funds... View Details

Keywords: Garry Emmons

12 Sep 2007
Op-Ed

Building Sandcastles: The Subprime Adventure

the subprime lenders—willing to take the risk on riskier borrowers, for a price. Thus far the tale testifies to America's entrepreneurial spirit. New mortgage banks specializing in subprime loans sprang up. Their panoply of products... View Details

Keywords: by Nicolas P. Retsinas; Banking; Construction; Real Estate

21 Aug 2015
Blog Post

My Fear of Student Debt: Funding the HBS/HKS Joint Degree

programs I had literally no savings and my parents were not going to help me. Going to graduate school meant I was going to have to take out loans and go into debt. What made it even more overwhelming was that I really wanted to do a... View Details

01 Sep 2024
News

Advancing the Mission

Learning to improve literacy, a move spurred on by their experiences in the MBA Program and by the financial assistance they received from HBS that enabled them to attend the School and repay their loans after graduation. Their story,... View Details

Web

Commencement 2025 - Commencement 2025

loans and rentals. MBA Class of 2025 Profiles Meet some members of the Class of 2025. Ankita Chowdhry Singapore, Singapore Anthony Martore Oakland, CA Andrew Simko Miami, FL Bryan Stromer New York, NY Brandon Tieu Union City, CA Chiedu... View Details

19 Aug 2016
News

Lending a Hand to Small Businesses in Emerging Markets

lenders a better understanding of both the skills and the personality of loan applicants. Based on psychometrics research conducted at the Harvard Center for International Development, the questions on this test seek not to mimic the data... View Details

01 May 2012
News

Best in Show

$400 loan from the HBS Student Association. Proceeds from ticket sales quickly paid that off, with enough left over to purchase lights for future productions. (The first show premiered in Baker 100, a 400-seat space no longer in... View Details

September 2016
Case

Hotel Vertu: Financing the Venture in the Boutique Hotel Industry

By: Howard H. Stevenson and Michael J. Roberts

Two recent MBA graduates are considering a business opportunity in the boutique hotel industry. Having found a seemingly attractive property in Savannah, Georgia, Yvonne D'Arcy and Elisabeth Whiting face questions about financing, deal structure, and unequal power... View Details

Keywords: Business Ventures; Entrepreneurship; Financing and Loans; Accommodations Industry

Fourth Quarter 2002
Article

Corporations and the Financing of Innovation

By: Paul A. Gompers

Keywords: Financing and Loans; Innovation and Invention

Find at Harvard

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September 2005 (Revised July 2008)
Case

Rancho Cucamonga

By: Arthur I Segel and David Robert Cotterman

Mikey Jones must decide what type of senior housing to develop, whether he should operate the facility himself, and what financing option he should pursue. View Details

Keywords: Financing and Loans; Investment; Housing; Real Estate Industry