Publications

2013
Other Unpublished Work

How ISS Dictates Equity Plan Design

By: David F. Larcker, Ian D. Gow, Allan McCall and Brian Tayan

Proxy advisory firms have long been known to influence the voting decisions of institutional investors. Now, a growing body of evidence suggests that they also influence company decisions in equity plan design. Should shareholders and the SEC be concerned? View Details

Keywords: Voting; Institutional Investing; Corporate Governance

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Article

What are the Industries Attracting Private Equity Investments in Latin America?: Evidence from Twenty-five Countries from 2001 to 2008

By: Roberto Charvel

This article shows what are the industries attracting private equity investments in Latin America over time. View Details

Keywords: Private Equity; Venture Capital; Entrepreneurial Finance; Alternative Assets; Emerging Market; Business Ventures; Economics; Finance; Financial Services Industry; Latin America

01 Mar 2007
News

Private Equity under Investigation

underwriting public corporate offerings. Nor is this unique to the United States. Britain’s Financial Services Authority has an-nounced that it is increasing its scrutiny of private-equity firms. Among the problems or risks attributed to private View Details

Keywords: Josh Lerner; syndication; antitrust enforcement; Funds, Trusts, and Other Financial Vehicles; Finance

November 2004 (Revised April 2005)
Case

Deutsche Bank: Discussing the Equity Risk Premium

Two members of Deutsche Bank's Fixed Income Research Group are discussing how to advise clients on bond vs. equity asset allocation. A critical aspect to this asset allocation decision is the equity risk premium. Discusses a unique way developed by the bank for... View Details

Keywords: Risk Management; Asset Management; Bonds; Capital Markets; Investment Banking; Institutional Investing; Equity; Banking Industry; Germany

January 2010
Article

Does Public Ownership of Equity Improve Earnings Quality?

We compare the quality of accounting numbers produced by two types of public firms-those with publicly traded equity and those with privately held equity that are nonetheless considered public by virtue of having publicly traded debt. We develop and test two... View Details

Keywords: Private Equity; Business Earnings; Public Equity

01 Mar 2008
News

Lessons from Private Equity

GADIESH: To reap private equity returns, act more like a private equity manager COURTESY OF BAIN & CO A recent Harvard Business Review article headlined “If Private Equity... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services; Securities, Commodities, and Other Financial Investments; Finance; Management

December 2014
Case

Private Equity Transforming TDC

By: Josh Lerner

October 1989
Case

PaineWebber: Institutional Equity Division

By: Joseph L. Bower

Keywords: Financial Services Industry

Find at Harvard

24 Jun 2021
Video

Private Equity Industry Spotlight

2018
Flash Talks

Center for Employment Equity

June 2021 (Revised November 2021)
Case

Equity Bank: Charting the Future

By: Lauren Cohen, Michael Chitavi and Spencer C. N. Hagist

After climbing the ranks among Kenya's financial institutions from 66th to 1st, and toppling a quarter of the market share held by mobile money giant Safaricom, CEO James Mwangi must now guide Equity Bank into its next stage of development beyond "Equity 3.0." Should... View Details

Keywords: Growth and Development Strategy; Leadership; Decision Making; Market Entry and Exit; Developing Countries and Economies; Financial Institutions; Economics; Kenya

15 Jun 2021
News

HBS Addresses Racial Equity

“We need to be educating students to work in complex environments with people of different races, genders, ethnicities, religions, and political views to make the most of these differences.” —JAN HAMMOND SENIOR ASSOCIATE DEAN “We need to be educating students to work... View Details

Keywords: Jennifer Gillespie

Teaching Interest

Private Equity and Venture Capital (Executive Education)

By: Josh Lerner

As equity markets appear to strengthen, interest rates remain low, and asset values look attractive, private equity firms are uniquely positioned to pursue new opportunities. This View Details

30 Sep 2022
News

HBS Launches Race, Gender, and Equity Initiative

27 Jan 2010
Working Paper Summaries

Labor Regulations and European Private Equity

Keywords: by Ant Bozkaya & William R. Kerr

March 1988 (Revised June 1993)
Background Note

Leveraged Betas and the Cost of Equity

The objective is to delineate on methodology for measuring the risk associated with financial leverage and estimating its impact on the cost of equity capital. View Details

Keywords: Cost of Capital; Capital Structure; Equity

February 2006 (Revised February 2007)
Case

Rico Auto Industries: Raising Private Equity in India

By: G. Felda Hardymon and Ann Leamon

The CEO of a publicly traded Indian auto components manufacturer must decide whether to accept an investment from a consortium of private equity firms. Describes the decision process for both the private equity investors and the entrepreneur and profiles the... View Details

Keywords: Private Equity; Auto Industry; India

April 2004 (Revised April 2004)
Case

Montagu Private Equity (B)

By: G. Felda Hardymon, Josh Lerner and Ann Leamon

Supplements the (A) case. View Details