Publications

Research Summary

Charitable Investing

He is working on the subject of why and how private foundations and public charities could buy securities in a private commercial venture if it furthered their charitable mission. For example, a MS foundation would buy stock in a start-up biotech venture... View Details

February 2022 (Revised March 2022)
Case

MicroStrategy's Investment in Bitcoin

By: C. Fritz Foley

At the end of the second quarter of 2020, MicroStrategy, a Virginia based provider of analytics software and services, announced plans to acquire and hold bitcoin as a part of the firm’s treasury reserve policy and corporate strategy. Within a year, the firm purchased... View Details

Keywords: Bitcoin; Corporate Strategy; Acquisition; Investment Portfolio; Capital Structure; Equity

summer 1992
Article

Shareholder Trading Practices and Corporate Investment Horizons

By: Kenneth A. Froot, André Perold and J. Stein

Keywords: Institutional Investing; Market Efficiency; Behavioral Finance; Equities; Stock Market; Indexing; Financial Markets; Asset Pricing

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Global Investment Summit is an international program for expert-led debate between global leaders, investors, and innovators with the power to shape the future of global investment. View Details

May 2012 (Revised May 2012)
Background Note

Intercorporate Investments

By: David F. Hawkins

Keywords: Investment

December 2000 (Revised October 2001)
Case

Putnam Investments

By: Andre F. Perold and Harlan P. Carere

Keywords: Financial Services Industry

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August 2019
Case

Synthetic Biology Investment Opportunity

By: Peter Barrett, Karim R. Lakhani, Julia Kelley and Kerry Herman

Using an overview of the emerging technology of Synthetic Biology, this case provides the basis for discussion on what questions one would ask in evaluating a potential investment in the field. View Details

Keywords: Synthetic Biology; Investment

November 2018 (Revised January 2021)
Case

Peak Investment Capital

By: Richard S. Ruback and Royce Yudkoff

Kobbina Awuah (MBA 2014) became intrigued with the possibility of adapting Entrepreneurship through Acquisition in Ghana, where he grew up and where his family still lived. While he knew he could work for a multi-national enterprise located in Ghana, he was confident... View Details

Keywords: Entrepreneurship In Africa; Entrepreneurship Through Acquisition; Entrepreneurship; Acquisition; Ghana

September 2021
Teaching Note

The Canada Pension Plan Investment Board (CPP Investments): April 2021

By: Josh Lerner

Teaching Note for HBS Case No. 821-125. View Details

Keywords: Pension Funds; Investment Strategy; Capital Markets

1994
Chapter

Foreign Investment

By: L. T. Wells Jr.

Keywords: Foreign Direct Investment

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January 2002
Background Note

History of Investment Banking

By: Ashish Nanda, Thomas J. DeLong and Lynn Villadolid Roy

Describes the history of investment banking. View Details

Keywords: Business History; Investment Banking

2024
Working Paper

Public Debt and Investment Under Political Competition: Evidence from Toxic Loans

By: Julien Sauvagnat and Boris Vallée

We examine how political considerations shape local government responses to a substantial rise in indebtedness. We use the delayed yet sharp deterioration of “toxic” loans held by French municipalities as a quasi-natural experiment to empirically investigate such... View Details

Keywords: Public Debt; Public Investments; Political Contestation; Toxic Loans; Borrowing and Debt; Investment; Public Sector; Government and Politics; Local Range; Financing and Loans

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16 Nov 2022
News

Investing in Indigenous Sovereignty

October 2014 (Revised November 2016)
Technical Note

Customer Lifetime Value (CLV) vs. Customer Lifetime Return on Investment (CLROI)

By: Elie Ofek

This note presents two related measures for assessing the financial value of a customer to the firm. The first is the well-known measure of Customer Lifetime Value, or CLV for short. The second, which has received much less attention, treats the acquisition of a... View Details

Keywords: Customer Lifetime Value; Return On Investment; Segmentation; Social Networks; Customer Relationship Management; Marketing Strategy; Investment Return; Social and Collaborative Networks; Social Media

February 2009 (Revised August 2012)
Background Note

Note on Socially Responsible Investing

By: Sandra J. Sucher, Daniela Beyersdorfer and Ian McKown Cornell

This note describes Socially Responsible Investing, providing a brief history, description of different socially responsible investing approaches, and overview of selected players and institutions involved in the socially responsible investing field. It has been... View Details

Keywords: Investment; Corporate Governance; Corporate Social Responsibility and Impact; Environmental Sustainability

September 2012 (Revised July 2014)
Case

Blackstone's Investment in Intelenet

By: Josh Lerner, Sandeep Bapat and Rachna Tahilyani

Three years had passed since Blackstone's investment in Intelenet Global Services, their third largest investment in India. Great progress had been made, but now a new challenge loomed. Globank, a large global bank, was Intelenet's largest customer. Intelenet's... View Details

Keywords: India; Blackstone; Private Equity; Financial Services Industry; India