Publications

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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

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

August 2005 (Revised May 2007)
Case

Partners Healthcare

By: Joshua D. Coval

Focuses on the portfolio allocation decision of a passive fund manager. Provides a setting to study portfolio theory, including mean-variance analysis, the capital market line, and the efficient frontier. View Details

Keywords: Investment Portfolio; Capital Markets; Business or Company Management; Decisions; Health Industry

March 2014 (Revised May 2014)
Teaching Note

The TELUS Share Conversion Proposal

By: Lucy White and Benjamin C. Esty

On February 21, 2013, TELUS announced a proposal to convert the firm's non-voting shares into voting shares on a one-to-one basis, thereby eliminating the firm's dual class structure. Shareholders were scheduled to vote on the proposal at the firm's annual general... View Details

2020
Article

Mutual Funds: Skill and Performance

By: Jonathan B. Berk, Jules van Binsbergen and Max Miller

The authors summarize the recent literature on mutual fund manager skill and performance. They discuss the latest contributions in the field and reinterpret them through the lens of the rational expectations framework (efficient market hypothesis). They further discuss... View Details

Keywords: Investment Return; Investment Portfolio; Financial Management; Performance Evaluation; Measurement and Metrics

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October 2011 (Revised August 2017)
Case

PunchTab, Inc.

By: Ramana Nanda, William R. Kerr and Lauren Barley

PunchTab was a Silicon Valley startup, founded in 2011, that was developing an Internet-based turnkey customer loyalty program for website owners, mobile applications developers, and brands. Founder/CEO Ranjith Kumaran must make strategic decisions about how to fund... View Details

Keywords: Financial Strategy; Investment; Investment Funds; Internet and the Web; Mobile and Wireless Technology; Corporate Entrepreneurship; Venture Capital; San Francisco

04 Sep 2015
News

Foreign investors navigate turmoil in Chinese markets with new playbook

21 Aug 2021
News

Farrell: How an Investor Can Try to Make Money and Stay Away from Polluting Companies

27 Nov 2012
News

The Beauty of the Network

have come from HBS.” Those friends have also been essential in the funding of Restorsea (www.restorsea.com), a line of luxury skincare products with an initial launch View Details

Keywords: cosmetics; salmon; Securities, Commodities, and Other Financial Investments; Finance; Miscellaneous Manufacturing; Manufacturing; Health and Personal Care Stores; Retail Trade

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

February 2011 (Revised August 2021)
Case

Gemini Investors

By: Richard S. Ruback and Royce Yudkoff

Gemini Investors was a private equity firm focused on small and lower middle market businesses. Gemini's target investment size was between $4 million and $6 million and a typical portfolio company had revenue of between $8 million and $30 million. In early 2015,... View Details

Keywords: Private Equity; Investment; Investment Funds; Markets; Size; Financial Services Industry; United States

2022
Working Paper

Do Startups Benefit from Their Investors' Reputation? Evidence from a Randomized Field Experiment

By: Shai Benjamin Bernstein, Kunal Mehta, Richard Townsend and Ting Xu

We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the... View Details

Keywords: Startup Labor Market; Investors; Randomized Field Experiment; Certification Effect; Venture Capital; Business Startups; Human Capital; Job Search; Reputation

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07 Dec 2015
News

Easing the Costs of Adoption

Houston real estate investment firm Rowland Taylor. Pathway’s perpetual trust, set up by Taylor, has already funded more than 250 family loans. With the support of fellow OPM alumni and a few key HBS staff... View Details

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

October 2010 (Revised November 2012)
Case

Shenzhen Capital Group

By: Paul A. Gompers, Shaohui Chen, Jessie Lin and Shelley Ling

Haitao Jin, chairman of Shenzhen Capital Group Co., Ltd. (SCGC), and Wanshou Li, president of SCGC, must decide how to continue to grow their venture capital/private equity firm in China. SCGC is a premier VC/PE fund in China and a pioneer of the Government Sponsored... View Details

Keywords: Government And Business; Venture Capital; Private Equity; Investment Funds; Growth and Development Strategy; Business and Government Relations; Financial Services Industry; China

01 Oct 2000
News

Laura Scher of Working Assets

Laura S. Scher (MBA '85) is something of a modern-day Robin Hood, an entrepreneurial activist who redistributes the wealth of the marketplace to those in need. Through her company, San Francisco based... View Details

Keywords: Marguerite Rigoglioso

26 Nov 2007
Research & Ideas

Best Practices of Global Innovators

worth using. But today, says Harvard Business School professor Alan MacCormack and his research collaborators, "not invented here" is becoming a badge of honor—and more than that, a source of competitive... View Details

Keywords: by Sean Silverthorne

February 2001
Case

California PERS (B)

By: Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick

The largest state pension fund continues the evolution of its approach to corporate governance contemplating "relationship investing" and other new approaches. View Details

Keywords: Investment; Corporate Governance; Financial Management; Asset Management; Business and Shareholder Relations; Investment Funds; Financial Services Industry; California

March 1991 (Revised May 1991)
Case

New York Life Insurance Co.: Pension Department

By: Robert J. Dolan

Analyzes competition in the pension fund industry. In particular, New York Life must decide whether to compete head-to-head with mutual fund giants by offering record-keeping services or to just continue to focus on selling investment products. Presents the results of... View Details

Keywords: Competition; Financial Instruments; Insurance Industry; Financial Services Industry