Publications

Educators

April 1996 (Revised March 1998)
Case

Lex Service PLC-- Cost of Capital

By: W. Carl Kester and Kendall Backstrand

Lex Service company has grown into a large multidivisional company with a substantial capital budget. In 1993, the board was reviewing its capital budgeting procedures. Specifically, it sought to determine the company's cost of capital and whether it should use... View Details

Keywords: Risk and Uncertainty; Cost of Capital; Equity; Capital Budgeting

Educators

June 2005 (Revised January 2006)
Case

Investment Policy at the Hewlett Foundation (2005)

By: Luis M. Viceira

In early January 2005, Laurance Hoagland Jr., VP and CIO of the William and Flora Hewlett Foundation (HF), and his investment team met to finish their recommendations to the HF Investment Committee for a new asset allocation policy for the foundation's investment... View Details

Keywords: Investment Portfolio; Risk and Uncertainty; Public Equity; Globalization; Investment; Property; Risk Management; Asset Management; Financial Services Industry

Educators

July 1986
Article

Inflation, Uncertainty and Investment

By: Carliss Y. Baldwin and R. S. Ruback

Keywords: Inflation and Deflation; Investment; Risk and Uncertainty

09 Apr 2008
Research & Ideas

The Matchmaker of the Modern Economy

unwavering belief in human potential. After the war, the stage was set for an explosion of innovation, and Doriot was in a perfect position to light the fuse. As a professor of a leading business school and a director of dozens of companies, Doriot had become an expert... View Details

Keywords: by Spencer E. Ante

2021
Working Paper

Renewing Knightian Uncertainty: A Pragmatic Prospectus and Demonstration

By: Amar Bhidé

Frank Knight distinguished between 'uncertainty' and 'risk' to specify the true nature of 'profit’, but his specification never caught on and I do not see realistic possibilities for renewing research in this direction. Using uncertainty to analyze the organization and... View Details

Keywords: Knightian Uncertainty; Risk and Uncertainty; Profit; Theory; Research

SSRN

Read Now

September 1990
Article

How Risky is the Debt in Highly Leveraged Transactions?

Keywords: Risk and Uncertainty; Borrowing and Debt

February 1984 (Revised March 1984)
Teaching Note

Exercises on Capital Budgeting Under Uncertainty, Teaching Note

By: David E. Bell

Keywords: Capital Budgeting; Risk and Uncertainty

February 1984 (Revised March 1984)
Exercise

Exercises on Capital Budgeting Under Uncertainty

By: David E. Bell

Keywords: Capital Budgeting; Risk and Uncertainty

2003
Other Unpublished Work

Short Selling in Practice--Intermediating Uncertain Share Availability

By: Gene M D'Avolio and André Perold

Keywords: Stocks; Risk and Uncertainty

24 May 2023
Blog Post

Innovating, Funding, and Scaling Climate Solutions at Harvard Business School: Day Three of Harvard Climate Action Week

to business, the money and skills necessary to fund a decarbonized future, and different approaches to building a just and skilled workforce. Tufano’s session on financing highlighted the growing sense of urgency in finding sufficient... View Details

Web

Sustainable Investing - Course Catalog

funding away from worthy philanthropic causes. Using tools from both the asset pricing and corporate finance toolkits, this course examines these questions in detail: What does it mean in practice to incorporate non-traditional... View Details

24 Mar 2009
First Look

First Look: March 24, 2009

Stockholder Consumption Risk and Asset Returns Authors:Christopher J. Malloy, Tobias J. Moskowitz, and Annette Vissing-Jørgensen Publication:Journal of Finance (forthcoming) Abstract We provide new evidence... View Details

Keywords: Martha Lagace

June 2010 (Revised January 2017)
Teaching Note

Continental Media Group: Business Highlights

By: Robert Simons

Teaching Note for 110087. View Details

Keywords: Execution; Management Control Systems; Performance Measurement; Informal Management; Emergent Strategy; Management; Profit; System; Opportunities; Strategy; Risk and Uncertainty; Media and Broadcasting Industry

06 Apr 2010
First Look

First Look: April 6

crisis gives a new life and legitimacy to the European vision. This essay explores how this European vision, often referred to as 'managed globalization,' has been conceived and implemented and how the rules that Europe fashioned in trade and View Details

Keywords: Martha Lagace

January 1992
Teaching Note

Communications Satellite Corporation TN

By: William E. Fruhan Jr.

Teaching Note for (9-276-195). View Details

Keywords: Cost of Capital; Equity; Risk and Uncertainty; Communications Industry

June 2008
Article

Capital Structure with Risky Foreign Investment

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.

Keywords: Capital; Risk and Uncertainty; Foreign Direct Investment

SSRN