Debts - Publications - Faculty & Research

01 Dec 1997
News

The World's Banker

initiated a multilateral debt relief program for the heavily indebted poor countries, with the Bank committing some $2 billion to this effort. New strategic partnerships have been formed with a variety of development-oriented groups,... View Details

01 Mar 2005
News

Campaign Passes Goal, Continues

each recipient. This amount is a small fraction of the overall cost associated with attending HBS, which is $125,000 for a single student. “Decreasing our students’ debt load will open up more career choices in both the public and the... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Religious, Grantmaking, Civic, Professional, and Similar Organizations; Personal Services

Fast Answer

Social Entrepreneurship & Systems Change

organization raises charitable funds to invest equity and debt in enterprises serving low-income people Ashoka - international organization that promotes social entrepreneurship by affiliating individual social entrepreneurs... View Details

25 Aug 2015
News

Sunset in the East?

“hoping” that consumer and small-business debt will accelerate GDP growth (like Brazil did at the beginning of the century). Will this new measure take the Chinese consumer beyond tolerable levels of debt-to-income ratio? —Robert... View Details

Keywords: Administration of Economic Programs; Government; Real Estate; Health, Social Assistance

01 Jun 2005
News

Fellowship Campaign Approaching Goal

recently established a fund to support students who intend to work to improve society. “Today not only is the debt burden much higher, but the education the School provides is extremely valuable to those interested in public service or... View Details

Keywords: HBS; MBA; Fellowships; Colleges, Universities, and Professional Schools; Educational Services

25 Mar 2014
First Look

First Look: March 25

for the addition to the company's balance sheet of a significant amount of new debt and a reshaping of the capital structure. While leveraged buyouts had been used in Europe for several years, this was likely the first LBO done with a... View Details

Keywords: Sean Silverthorne

13 Sep 2011
First Look

First Look: September 13

capital flows—both debt and equity—into public and private components and study their relationship with productivity growth. This exercise reveals that international capital flows are mainly shaped by government decisions and sovereign to... View Details

Keywords: Sean Silverthorne

January 2011 (Revised December 2017)
Case

Tombstones

By: Timothy A. Luehrman and David Lane

This case consists primarily of excerpts from term sheets and prospectuses for six securities offerings made by US companies during 2009-2010, just after the financial crisis and recession of 2008-09. There are three issues of senior unsecured notes, one floating rate... View Details

Keywords: Financial Crisis; Equity; Debt Securities; Bonds; Motivation and Incentives; United States

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February 1998 (Revised October 2002)
Case

Uganda and the Washington Consensus

By: Huw Pill and Courtenay Sprague

Under the direction of President Museveni, much of the world has heaped praise on Uganda for transforming its economy from devastation to growth and managing the ethnic and racial strife that has divided the country in the past. Following a decade of reforms, Uganda is... View Details

Keywords: Macroeconomics; Economy; Policy; Analysis; Development Economics; Borrowing and Debt; Management; Developing Countries and Economies; Uganda

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Winter 2013
Article

Fear of Rejection? Tiered Certification and Transparency

By: Emmanuel Farhi, Josh Lerner and Jean Tirole

The sub-prime crisis has shone a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little value. This uproar calls attention to the fact that the literature on intermediaries has... View Details

Keywords: Debt Securities; Corporate Disclosure; Corporate Governance

Citation

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November 1994
Case

Electrical Distributors, Inc.

By: David F. Hawkins

The owner of a small electrical supply firm has grown beyond his ability to fund growth with internally generated funds. He seeks a bank loan, which falls short of his needs. View Details

Keywords: Financial Management; Private Equity; Decision Choices and Conditions; Financing and Loans; Borrowing and Debt; Corporate Finance; Apparel and Accessories Industry

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May 2013 (Revised January 2015)
Teaching Note

H Partners and Six Flags

By: Robin Greenwood, Julie Messina and Jared Dourdeville

Teaching Note for #211090 & #211096 View Details

Keywords: Behavioral Finance; Private Equity; Insolvency and Bankruptcy; Debt Securities; Bonds; Investment; Entertainment and Recreation Industry; Financial Services Industry; United States

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March 2006 (Revised December 2013)
Case

Hexcel Turnaround — 2001 (A)

By: Paul W. Marshall, James Quinn and Reed Martin

Hexcel's new CEO is faced with deciding how to "take out" $60 million in cash costs in fiscal 2002, as two of the company's end markets—electronics and commercial aerospace—are expected to decline precipitously. Options include closing plants, exiting a business, or... View Details

Keywords: Private Equity; Negotiation; Management Teams; Organizational Change and Adaptation; Strategy; Change Management; Crisis Management; Borrowing and Debt; Aerospace Industry; Electronics Industry; United States

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Portrait Project

JJ Singh

ballooning national debt and a financial system in disarray. *** I want to change attitudes and the way we imagine our future. I want to influence policy so that we invest in tomorrow. But most of all, I want to rebuild an America that... View Details

24 Apr 2014
News

Making TV Look Like America

culture,” Burgos says, “where I can change the world for the better through good programming. We need shows that inspire us and bring out the best in us.” As the recipient of an HBS fellowship, Burgos says that having less tuition debt... View Details

10 Jan 2005
Research & Ideas

Professors Introduce Valuation Software

to see how off-balance sheet debt affects the company's performance, they can easily adjust the financials for that affect. If they want to see how expensing stock options would affect the company's performance, they can add that... View Details

Keywords: by Sean Silverthorne

Web

Bringing a Taste of Japan to the World - Global Activities 2020

we can make this work. ” Yasu Sasago MBA 2020 Alleviating Debt Concerns Sasago studied commerce at Waseda University in Tokyo and the University of Sydney in Australia prior to attending HBS. His ability to pursue a graduate school... View Details

01 Dec 2013
News

Case Study: Citizen Buffett

throughout the industry. By the end of 2011, Media General, which also owned interests in TV broadcasting and digital media, was carrying high levels of debt despite deep workforce and capital expenditure cuts. It was a situation that led... View Details

Keywords: Blagg, Deborah; Publishing Industries (except Internet); Information

October 2012
Article

Securitization without Adverse Selection: The Case of CLOs

By: Effi Benmelech, Jennifer Dlugosz and Victoria Ivashina

In this paper, we investigate whether securitization was associated with risky lending in the corporate loan market by examining the performance of individual loans held by CLOs. We employ two different datasets that identify loan holdings for a large set of CLOs and... View Details

Keywords: Personal Finance; Performance; Markets; Banks and Banking; Debt Securities; Investment Portfolio; Financing and Loans