Publications

March 2010 (Revised May 2011)
Case

Dubai in Crisis

By: Noel Maurer

On November 25, 2009, the small city-state of Dubai shook financial markets across the world when the Dubai World holding companies announced that it would ask its creditors to standstill its debts. After three decades of phenomenal growth, something had gone off the... View Details

Keywords: Business Model; Development Economics; Financial Crisis; Borrowing and Debt; Business History; Business and Government Relations; Dubai

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April 2011 (Revised January 2024)
Case

The Greek Crisis: Tragedy or Opportunity?

By: Dante Roscini, Jonathan Schlefer and Konstantinos Dimitriou

After its 2009-2010 fiscal crisis shook the euro, could the Greek government stabilize debt, avoid default, and stay on the euro? This case looks at the Greek social and political road to fiscal crisis; the economics of that crisis and efforts to recover from it; the... View Details

Keywords: Financial Crisis; Borrowing and Debt; Currency; Financial Condition; Central Banking; Financial Markets; International Finance; Policy; Conflict Management; Cooperation; Public Administration Industry; Greece

12 Sep 2007
Op-Ed

Building Sandcastles: The Subprime Adventure

blurred vision of the credit rating agencies. Lenders are requiring better credit and more documentation. Brokers are facing governmental regulations. Borrowers must once again save for a down payment. This... View Details

Keywords: by Nicolas P. Retsinas; Banking; Construction; Real Estate

Web

Statement of Activity & Cash Flows | Annual Report 2024

Available from Capital Activities $ 81 $ 107 $ 107 Net Capital Expenses (37) (31) (43) Change in Capital Project-Prefunding (29) 2 10 Use of Gifts for Capital Projects 2 3 5 Net Capital Expenses $ (64) $ (26) $ (28) New Borrowings 0 0 0... View Details

24 Jun 2014
First Look

First Look: June 24

clause in Argentinian sovereign debt instruments have generated considerable controversy. Some official-sector participants and academic articles have suggested that the rulings will disrupt or impede future... View Details

Keywords: Sean Silverthorne

1994
Chapter

International Experiences with Securities Transaction Taxes

By: K. A. Froot and J. Campbell

Keywords: Corporation Taxation; Interest Deductibility; Cost Of Capital; Corporate Finance; Accounting; Borrowing and Debt; Financing and Loans; Interest Rates

December 2007
Case

Ruling the Modern Corporation: The Debate over Limited Liability in Massachusetts

By: David A. Moss and Eugene Kintgen

In 1830, Governor Levi Lincoln, Jr. urged the Massachusetts state legislature to introduce a limited liability regime for manufacturing corporations similar to that adopted in neighboring states. At least since 1809, shareholders in the state's manufacturing... View Details

Keywords: Capital; Debt Securities; Legal Liability; Production; Business and Shareholder Relations; Manufacturing Industry; Massachusetts

April 2021
Supplement

Exercise for Revlon: Surviving Covid-19

By: Kristin Mugford and Sarah Gulick

Exercise for Revlon: Surviving Covid-19 View Details

Keywords: Leveraged Buyouts; Insolvency and Bankruptcy; Financial Liquidity; Bonds; Corporate Finance; Borrowing and Debt; Beauty and Cosmetics Industry; Beauty and Cosmetics Industry; United States

December 2010 (Revised March 2011)
Case

The Euro in Crisis: Decision Time at the European Central Bank

By: J. Gunnar Trumbull, Dante Roscini and Diane Choi

This case traces the origins and evolution of the European Central Bank, with attention to its 2010 decision concerning the purchase of Greek sovereign debt. View Details

Keywords: Financial Crisis; Borrowing and Debt; Currency; Central Banking; Financial Management; Sovereign Finance; Policy; Crisis Management; Europe; Greece

Web

HBS - Financials | Statement of Activity & Cash Flows

Cash Available from Capital Activities $107 $107 $72 Capital Expenses $(31) $(43) $(22) Change in Capital Project-Prefunding $2 10 (14) Use of Gifts for Capital Projects 3 5 6 Net Capital Expenses $(26) $(28) $(30) New Borrowings $0 $0 $0... View Details

12 Apr 2011
First Look

First Look: April 12

to 2008. We find that the divergence between control rights and cash-flow rights of a borrowing firm's largest ultimate owner has a significant impact on the concentration and... View Details

Keywords: Sean Silverthorne

February 1988 (Revised May 1988)
Background Note

Note on Debt-Equity Conversions in Latin American Countries

By: Ray A. Goldberg

Keywords: Borrowing and Debt; Equity; Development Economics; Latin America

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2000
Other Unpublished Work

Private Versus Public Debt: Evidence from Firms that Replace Bank Loans with Junk Bonds

By: S. C. Gilson and J. Warner

Keywords: Borrowing and Debt; Financing and Loans; Bonds; Banking Industry

September 1987
Background Note

What Do Venture Capitalists Do?

By: William A. Sahlman

Presents the results derived from 49 responses to a questionnaire mailed to 100 venture capitalists in late 1984. The purpose of the survey was to shed light on the relationship between venture capitalists and their portfolio companies. The survey revealed that the... View Details

Keywords: Borrowing and Debt; Venture Capital; Investment Portfolio; Recruitment; Surveys; Managerial Roles; Service Operations; Relationships; Service Industry

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08 Apr 2014
First Look

First Look: April 8

upstream capital flows and global imbalances. Specifically, we find i) international net private capital flows (inflows minus outflows of private capital) are positively correlated with countries' productivity growth, ii) net sovereign... View Details

Keywords: Sean Silverthorne

03 Jan 2017
First Look

January 3, 2017

relocation of resources in affected fund families and in the asset management industry in general, as well as decline in capital of issuers borrowing from money funds. Publisher's link:... View Details

Keywords: Carmen Nobel

April 2011
Teaching Note

The Euro in Crisis: Decision Time at the European Central Bank (TN)

By: J. Gunnar Trumbull, Dante Roscini and Diane Choi

Teaching Note for 711049. View Details

Keywords: Currency; Central Banking; Borrowing and Debt; Decisions; Banking Industry