Publications

November 1990 (Revised June 1995)
Case

Shearson Lehman Hutton, Inc. (A): Entry into the Covered Warrant Business

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February 2010
Supplement

Valuing Visa? Priceless (CW)

Students must determine whether or not Visa, which had an IPO one month prior, is a good investment. The case provides an overview of multisided platform businesses and the payments industry in general. Visa's business model and economics are reviewed. View Details

Keywords: Credit Cards; Initial Public Offering; Valuation; Multi-Sided Platforms; Microeconomics

February 2009
Background Note

An Introduction to Consumer Credit

This note reviews a variety of shorter-term consumer credit products in the U.S. with an emphasis on the types of products that low- and moderate-income consumers use. Included here are the following: credit cards, bank overdraft products, payday lending, personal... View Details

Keywords: Credit; Financing and Loans; Personal Finance; United States

January 2007 (Revised October 2008)
Case

H&R Block 2006

Mark Ernst, the Chairman, CEO and President of H&R Block, has to decide how to respond to a competitive threat posed by a competitor's refund-lending product. Block is the largest U.S. tax preparation firm, which competes not only on its tax preparation services, but... View Details

Keywords: Ethics; Financing and Loans; Personal Finance; Taxation; Corporate Social Responsibility and Impact; Competition; Financial Services Industry

September 2005 (Revised January 2009)
Case

E-Duction, Inc.

E-Ductions, a small privately held start-up, developed a new voluntary employee benefit: a payroll-deduction-linked credit card. The CLEAR card provided workers, especially low-income and credit-challenged employees, access to a card with tight credit limits, zero APR,... View Details

Keywords: Business Startups; Credit; Credit Cards; Compensation and Benefits; Employees

2008
Working Paper

Using Financial Innovation to Support Savers: From Coercion to Excitement

We review a wide variety of programs that support savings by families, in particular by low- and moderate-income families. These programs range from ones that literally compel families to save, to those that make it hard not to save, make it easier to save, provide... View Details

Keywords: Saving; Motivation and Incentives; Programs; Income; Personal Finance; Family and Family Relationships; Performance Effectiveness

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February 2003 (Revised October 2004)
Background Note

Antamini Simulation Model

Antamini is a simulation of the value of an investment project whose outcome is uncertain. This case describes the situation facing a natural resource firm as it contemplates bidding on a copper mine in Peru. The bidder faces uncertainties about the ore deposit size... View Details

Keywords: Valuation; Auctions; Investment; Mining; Mining Industry; Peru

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14 May 2024
News

What Should Business Schools Teach About the Climate Crisis?

07 Nov 2022
News

When Does Collaboration Become Collusion?

13 Aug 2021
News

New Child Tax Credit Should Be a Call to Action for Banks

Research Summary

Overview

Tufano’s research has focused on financial innovation and financial engineering—and for more than two decades, household finance. While he continues to study these topics, his current primary research is on the role of business in addressing climate change. With... View Details

07 Dec 2014
News

Connecting Low-Income Households with Financial Services

01 Oct 1999
News

Finance Conference Explores Research Methodologies

than 2 percent of all research published in the leading finance journals. Accordingly, in early July, HBS finance professor Peter Tufano organized a conference for eighty researchers from the United States... View Details

01 Dec 2000
News

Faculty News

Eisenmann (Assistant Professor and MBA Class of 1961 Fellow); Allen Grossman (Bloomberg Professor of Management Practice in Philanthropy); Peter Tufano (Sylvan C. Coleman Professor of Financial Management);... View Details

Keywords: H. Naylor Fitzhugh (MBA '33); Business Schools & Computer & Management Training; Educational Services

01 Jun 1999
News

Where Main Street Meets Wall Street

sum that surpasses the nation's bank deposits. As the industry flourished, more and more financial services firms, offering a plethora of products, joined the fray. An expert on competition in the mutual fund industry, HBS professor Peter... View Details

Keywords: Garry Emmons

September 1997
Case

ABN-AMRO Holding N.V. and Smit Transformatoren N.V. (C)

Supplements the (A) case. View Details

December 1996 (Revised December 2006)
Background Note

Introduction to Corporate Financial Engineering

Describes the content of the Corporate Financial Engineering (CFE) course at HBS. Used on the first day of class to let students know what the course will cover and the main ideas to be developed in CFE. View Details

Keywords: Corporate Finance

December 1995 (Revised February 1997)
Case

Student Educational Loan Fund, Inc.

Rick Melnick oversees the Student Educational Loan Fund (SELF), which provides loans to Harvard Business School students. SELF is changing the terms of student loans from variable-rate with semiannual payments to fixed-rate loans with equal monthly payments. Melnick... View Details

Keywords: Risk Management; Financing and Loans; Interest Rates; Financial Services Industry

January 1996 (Revised February 1997)
Case

Tennessee Valley Authority: Option Purchase Agreements

James Cross, VP of customer planning at the Tennessee Valley Authority, a major supplier of electric power in the Southeast United States, is considering meeting its incremental capacity needs by creating new financial contracts, Option Purchase Agreements (OPAs) to... View Details

Keywords: Risk and Uncertainty; Risk Management; Energy Generation; Corporate Finance; Energy Industry; United States