Publications

April 2014 (Revised October 2015)
Case

Texas Teachers and the New Texas Way

By: Matthew Rhodes-Kropf, Luis M. Viceira, John D. Dionne and Nathaniel Burbank

In 2011 Britt Harris, the Chief Investment Officer for the $107.4 billion Teachers Retirement System of Texas (TRS), was considering whether to pursue strategic partnerships with a group of large private equity firms. After spending four years aggressively moving the... View Details

Keywords: Texas; TRS; Texas Teachers; Private Equity; Texas

March 2021 (Revised June 2021)
Case

Scale and Scope at Drake Real Estate Partners

By: Christina R. Wing and David Lane

Realizing in early 2021 that their pending real estate investment fund would likely be oversubscribed, Drake Real Estate Partners co-founders Nicolás Ibáñez and David Cotterman were considering how best to continue to diversify their investor base and how to optimize... View Details

Keywords: Business Growth and Maturation; Family Business; Investment; Ownership; Value Creation; Financial Services Industry; Real Estate Industry; United States; Latin America; Chile

12 Nov 2008
Research & Ideas

The Marketing of a President

more donors than the entire Democratic or Republican party nationwide. Almost half of Obama's unprecedented $639 million in funds raised from individuals came from small donors giving $300 or less. Like any... View Details

Keywords: by John Quelch

13 Mar 2023
Blog Post

Career Journey: Karan Khimji, Co-Founder of 44.01

worked in consulting between Dubai and Paris where I helped utilities and infrastructure funds on their energy transition. I got to experience the evolution of Europe towards clean energy. After a few years,... View Details

2010
Working Paper

Lawful but Corrupt: Gaming and the Problem of Institutional Corruption in the Private Sector

By: Malcolm S. Salter

This paper describes how the gaming of society's rules by corporations contributes to the problem of institutional corruption in the world of business. "Gaming" in its various forms involves the use of technically legal means to subvert the intent of society's rules in... View Details

Keywords: Crime and Corruption; Civil Society or Community; Competitive Advantage; Earnings Management; Trust; Law; Performance; Investment Funds; Private Sector; Behavior; Relationships; Goals and Objectives

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01 Dec 2004
News

The Future of Stem Cells

River.) In August 2001, President George W. Bush (MBA ’75) announced a ban on federal funding for research on any human embryonic stem-cell lines created after that date. The decision reflected opposition to the use and destruction View Details

Keywords: Garry Emmons

21 Nov 2005
Research & Ideas

The Geography of Corporate Giving

Academy of Management Review, HBS professor Christopher Marquis and coauthors Gerald Davis and Mary Ann Glynn develop a framework for understanding an important aspect of this issue: how social and... View Details

Keywords: by Sean Silverthorne

25 Jul 2013
News

An Engine of Education Innovation

Stig Leschly Photo credit goes here The first time Stig Leschly (MBA 1997 / JD 1998) really sat down to think about what he wanted to do with the rest of his life, he decided to pursue his love of music. He... View Details

Keywords: Elementary and Secondary Schools; Educational Services

01 Jun 2014
News

Innovation: An Orchestra of One

already available on the Mac.) Chao, who serves as CEO, is working out of the Harvard i-lab and expects to seek seed funding after successfully concluding a Kickstarter campaign which enlisted many renowned... View Details

Keywords: Julia Hanna; Arts, Entertainment

01 Sep 2014
News

Innovation: Revenge of the Nerds

The HourlyNerd origin story could become an HBS legend: The rapidly growing startup, which connects graduates from top MBA programs with businesses that need project-based consulting, began as a FIELD 3 project—one that fellow HBS classmates doomed to failure. In FIELD... View Details

Keywords: April White

2025
Working Paper

Too Much, Too Soon? Early Funding, Technological Unconventionality, and Innovation Capabilities

By: Harsh Ketkar and Maria Roche

The availability of financial resources significantly shapes firm innovation outcomes, especially for early-stage, innovation-focused technology firms. However, prior research has provided conflicting findings about this relationship: On the one hand, resource... View Details

Keywords: Startups; Technology Strategy; Novelty; Unconventionality; Resource Constraints; Early Stage Firms; Business Startups; Technological Innovation; Entrepreneurial Finance

SSRN

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January 2013 (Revised June 2017)
Case

The Perfect Storm: What Happens When the Market Moves Four Standard Deviations?

By: Nori Gerardo Lietz

Adam Carter was the portfolio manager for Tate Modern Finance III, L.P. (“Tate” or the “Fund”), the third in a series of U.S. commercial real estate debt funds sponsored by the London-based Tate Partners. The Fund was capitalized with $700 million of equity... View Details

Keywords: CMBS; CLO; Repo Financing; Financial Strategy; Investment Funds; Financing and Loans

November 1999
Case

Long-Term Capital Management, L.P. (C)

By: Andre F. Perold

Long-Term Capital Management, L.P. (LTCM) was in the business of engaging in trading strategies to exploit market pricing discrepancies. Because the firm employed strategies designed to make money over long horizons--from six months to two years or more--it adopted a... View Details

Keywords: Fluctuation; Capital; Financial Liquidity; Financing and Loans; Investment Funds; Investment Portfolio; Corporate Governance; Governing Rules, Regulations, and Reforms; Management; Risk Management; Markets; Motivation and Incentives; Financial Services Industry