Publications

17 May 2011
First Look

First Look: May 17

Working PapersThe First Deal: The Division of Founder Equity in New Ventures Authors:Thomas F. Hellmann and Noam Wasserman Abstract This paper examines the division of founder shares in entrepreneurial ventures, focusing on the decision... View Details

Keywords: Sean Silverthorne

2007
Chapter

Capital Flows in a Globalized World: The Role of Policies and Institutions

By: Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych.

Keywords: International Finance; Capital; Government and Politics; Policy; Financial Institutions

Read Now

1999
Chapter

Excess Capital Flows and the Burden of Inflation in Open Economies

By: M. A. Desai and James R. Hines Jr.

Keywords: Capital; International Finance; Inflation and Deflation; Economic Systems

Read Now

05 Nov 2009
Research & Ideas

A Market for Human Cadavers in All but Name?

securing specimens from a new set of actors in the commerce in cadavers. These actors are legal entrepreneurial ventures that have been operating for more than a decade in the United States; they cater to domestic users and View Details

Keywords: by Michel Anteby; Health

1976
Book

Nine Investments Abroad and Their Impact at Home: Case Studies on Multinational Enterprise and the U.S. Economy

By: Robert B. Stobaugh and Robert H. Hayes

Keywords: Multinational Firms and Management; International Finance; United States

July 2002 (Revised December 2002)
Case

Phase Two: The Pharmaceutical Industry Responds to AIDS

By: Debora L. Spar

Describes how major pharmaceutical firms changed their strategy and pricing policies in the years 2000 to 2002 to respond to the growing AIDS epidemic in Africa. View Details

Keywords: International Finance; Health Pandemics; Corporate Social Responsibility and Impact; Pharmaceutical Industry; Africa

06 Nov 2012
First Look

First Look: November 6

bankrupt fighting its War of Independence against Britain. At the war's end, the national government owed tremendous sums to foreign creditors and its own citizens. But lacking the power to tax, it had no means to repay them. The Founders and View Details

Keywords: Sean Silverthorne

September 2008 (Revised May 2010)
Case

Dogus Group: Weighing Partners for Garanti Bank

By: Tarun Khanna, Krishna G. Palepu and Richard Bullock

In August 2005, the leadership of Turkey's Dogus Group considered opportunities for its flagship enterprise, Garanti Bank, to partner with a foreign financial institution. The case describes the Turkish banking industry and Garanti Bank's position within it, and asks... View Details

Keywords: International Finance; Emerging Markets; Partners and Partnerships; Value; Banking Industry; Turkey

07 Aug 2019
Research & Ideas

Big Infrastructure May Not Always Produce Big Benefits

billion to upgrade, rehabilitate, and widen the country’s major highways to international standards. The GQ, as the fifth-longest highway in the world, links four of India’s largest cities and many districts in between. "Will View Details

Keywords: by Martha Lagace; Construction

2009
Chapter

Property Rights for Foreign Capital: Sovereign Debt and Private Direct Investment in Times of Crisis

By: Louis T. Wells

Keywords: Property; Rights; International Finance; Capital; Sovereign Finance; Foreign Direct Investment; Financial Crisis

April 2023
Article

Are Intermediary Constraints Priced?

By: Wenxin Du, Benjamin Hebert and Amy Wang Huber

Violations of no-arbitrage conditions measure the shadow cost of intermediary constraints. Intermediary asset pricing and intertemporal hedging together imply that the risk of these constraints tightening is priced. We describe a “forward CIP trading strategy” that... View Details

Keywords: Asset Pricing; Investment Return; Risk and Uncertainty; International Finance

21 Aug 2000
Research & Ideas

Faculty Research Looks to Latin America

Markets, International Finance, and Risk Management. His research is on a broad range of topics in finance and international economics. Current research: "Global Investor... View Details

Keywords: by Martha Lagace

25 Feb 2002
Research & Ideas

The Country Effect: Does Location Matter?

loyalty, tradition and internal maintenance, are the monkeys. Organizations frequently show aspects of different cultures, making for dragons. Competitive and entrepreneurial firms consistently perform... View Details

Keywords: by Sean Silverthorne

2008
Working Paper

Spanning the Institutional Abyss: The Intergovernmental Network and the Governance of Foreign Direct Investment

By: Juan Alcacer and Paul Ingram

Global economic transactions such as foreign direct investment must extend over an institutional abyss between the jurisdiction, and therefore protection, of the states involved. Intergovernmental organizations (IGOs), whose members are states, represent an important... View Details

Keywords: International Finance; Foreign Direct Investment; Cross-Cultural and Cross-Border Issues; Governance Controls; International Relations; Social Issues

Read Now

17 Nov 2015
Lessons from the Classroom

How Activist Investors Became Respectable

influence that activist investors such as Icahn are gaining on Wall Street.) Carl Icahn made news last month when he announced he had accumulated a large ownership stake in American International Group (AIG) and said he wanted the company... View Details

Keywords: by Joseph Fuller; Financial Services; Banking

23 Nov 1999
Research & Ideas

The Future of the Venture Capital Cycle

entrepreneurial environments. (The last factor in turn will be a function of tax policy, legal protections, and societal preferences.) However painful the short-run adjustments, these more fundamental factors are likely to be critical in... View Details

Keywords: by Paul A. Gompers & Josh Lerner; Financial Services

March 1996 (Revised February 2002)
Case

Portfolio Capital Flows to Emerging Markets

By: Huw Pill

Presents some data showing the magnitude, direction, and composition of capital flows to less developed countries (the so-called emerging markets) in the period 1990-1995. Some potential explanations for these flows are discussed. A number of policy responses to the... View Details

Keywords: International Finance; Emerging Markets; Policy; Capital; Developing Countries and Economies

May 2011
Case

Oriental Fortune Capital: Building a Better Stock Exchange

By: Josh Lerner and Keith Chi-ho Wong

When ChiNext opened in October 2009 as the second tier market of the Shenzhen Stock Exchange (SZSE), it aimed to provide Chinese entrepreneurs with equity capital and to facilitate the exits of venture capital firms and other investors which had previously relied on... View Details

Keywords: Capital Markets; Stocks; Financial Markets; Venture Capital; Private Equity; International Finance; Financial Services Industry; China