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  • All HBS Web  (1,605)
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  • 06 Apr 2007
  • What Do You Think?

Will Market Forces Stop Global Warming?

Summing Up Debate on this month's questions occurred on at least three levels. Is global warming occurring? Do humans (primarily through CO2 emissions) have much to do with it? Should we rely on market forces to provide appropriate responses, or will this require... View Details
Keywords: by Jim Heskett; Energy; Utilities
  • 01 Sep 2003
  • News

Globalization Revisited

interview with Levitt conducted by HBS professor emeritus Stephen A. Greyser, was shown at the colloquium. See article) Virtually all colloquium participants acknowledged a debt to Levitt, pointing to elements of his 1983 article that... View Details
Keywords: Garry Emmons; Colleges, Universities, and Professional Schools; Educational Services
  • 2011
  • Working Paper

Why Fears about Municipal Credit Are Overblown

Highly publicized predictions of 50-100 municipal defaults have caused anxiety among municipal bond investors. While there is some chance that negative investor sentiment will lead to further spread widening, the probability of the kind of widespread default that would... View Details
Keywords: Financial Crisis; Borrowing and Debt; Insolvency and Bankruptcy; Bonds; Investment Return; City
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Bergstresser, Daniel, and Randolph Cohen. "Why Fears about Municipal Credit Are Overblown." Harvard Business School Working Paper, No. 11-129, June 2011.
  • December 2005 (Revised April 2007)
  • Case

Flagstar Companies, Inc. (Abridged)

By: Stuart C. Gilson
A large restaurant chain undergoes a leveraged buyout and subsequent recapitalization. Financial and operating problems at the company force it to consider various restructuring options, including a prepackaged Chapter 11 exchange offer to its public bondholders. Two... View Details
Keywords: Leveraged Buyouts; Restructuring; Capital; Insolvency and Bankruptcy; Debt Securities; Competition; Valuation; Financial Services Industry; United States
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Gilson, Stuart C. "Flagstar Companies, Inc. (Abridged)." Harvard Business School Case 206-076, December 2005. (Revised April 2007.)
  • 10 Feb 2015
  • First Look

First Look: February 10

in terms of both the bankruptcy code and the cultural attitudes toward corporate restructuring. This case can fit into an introductory course in a module on capital structure and the tradeoff between the costs and benefits of debt or in... View Details
Keywords: Sean Silverthorne
  • 04 Aug 2014
  • Op-Ed

Why Small-Business Lending Is Not Recovering

Assessing creditworthiness of small businesses can be difficult due to information asymmetry. Little, if any, public information exists about the performance of most small businesses because they rarely issue publicly traded equity or View Details
Keywords: by Karen Mills; Banking; Financial Services
  • 09 Sep 2009
  • First Look

First Look: September 9

http://cb.hbsp.harvard.edu/cb/product/709495-PDF-ENG Wal-Mart's Use of Interest Rate Swaps Harvard Business School Case 108-038 "Wal-Mart's Use of Interest Rate Swaps" recounts Wal-Mart's use of interest rate swaps to hedge the fair value of its fixed-rate... View Details
Keywords: Martha Lagace
  • 01 Dec 1997
  • News

Banking on HBS

guaranteeing long-term debt from the market against government contractual obligations. "A big lesson I took away from the course," Shapiro says, "is the importance of gaining internal acceptance for specific change, even when almost... View Details
Keywords: Garry Emmons
  • 01 Mar 2009
  • News

The Case for Studying Financial History

liquidity shock because of the extent of leverage, of debt that had emerged in the system. So the lack of knowledge about financial history, in your view, contributed to the current global financial crisis? I really believe that. It’s... View Details
Keywords: Roger Thompson; federal bailouts; Finance; Administration of Economic Programs; Government
  • 01 Oct 2001
  • Research & Ideas

Five Questions for Stuart Gilson

stagnating sales, accounting losses, or a falling stock price. In extreme cases such poor performance may cause the company to default on its debt, resulting in bankruptcy. Restructuring the debt can be difficult and costly, although in... View Details
Keywords: by Sean Silverthorne
  • Web

Can Private Equity Reach Regular People? One Company’s Mission | Working Knowledge

room." Of course, PE critics have pointed to the human toll of takeovers that involve slashed workforces, site closures, and asset sales. Ivashina points to Barbarians at the Gate , which told the story of the leveraged buyout of , where a bidding war ended in using a... View Details
  • 02 Feb 2010
  • First Look

First Look: Feb. 2

and Finance (forthcoming). (Also Harvard Business School Working Paper No. 05-053 and NBER Working Paper No. 13131.) Abstract The main arguments in favor of and against nominal and indexed debt are the incentive to default through... View Details
Keywords: Martha Lagace
  • 17 Feb 2010
  • News

Harrah's CFO Plans a Recovery

Keywords: Amusement, Gambling, and Recreation Industries; Arts, Entertainment
  • 11 Dec 2007
  • First Look

First Look: December 11, 2007

perceived as value-destroying and may not improve a firm's competitive advantage. Bank Debt and Corporate Governance Authors:Victoria Ivashina, Vinay Nair, Anthony Saunders, Nadia Massoud, and Roger Stover Periodical:Review of Financial... View Details
Keywords: Martha Lagace
  • October 2003 (Revised January 2005)
  • Case

Shared Decision Making

By: Richard M.J. Bohmer, Karen Sepucha and Laura Feldman
The Foundation for Informed Medical Decision-Making has created an interactive videodisc system that provides patients with customized support regarding medical treatment or screening decisions when they face a choice between two equally effective courses of action.... View Details
Keywords: Decision Choices and Conditions; Borrowing and Debt; Health Care and Treatment; Innovation Strategy; Technological Innovation; Product Marketing; Distribution Channels; Production; Partners and Partnerships; Research and Development; Information Technology
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Bohmer, Richard M.J., Karen Sepucha, and Laura Feldman. "Shared Decision Making." Harvard Business School Case 604-001, October 2003. (Revised January 2005.)
  • 01 Dec 2011
  • News

A Modest Tax Proposal

"How about 'No new taxes after these new taxes'?" © James Stevenson/The New Yorker Collection/www.cartoonbank.com As Congress starts the next round of debt ceiling negotiations, the US Chamber of Commerce and other business groups are... View Details
Keywords: Robert C. Pozen; tax holidays
  • 20 Aug 2013
  • First Look

First Look: August 20

12, 2012, BH Media Group, a subsidiary of Warren Buffett's Berkshire Hathaway, announced an offer to buy Media General's (MEG) newspaper division for $142 million in cash and provide debt financing to the struggling firm. Reactions from... View Details
Keywords: Anna Secino
  • 01 Oct 2013
  • First Look

First Look: October 1

recessions, it is not clear if this is due to demand or supply. We address this question by studying firms' substitution between bank debt and non-bank debt (public bonds) using firm-level data. Any firm... View Details
Keywords: Sean Silverthorne
  • 03 Mar 2008
  • First Look

First Look: March 4, 2008

Vayanos Abstract We examine empirically how the maturity structure of government debt affects bond yields and excess returns. Our analysis is based on a theoretical model of preferred habitat in which clienteles with strong preferences... View Details
Keywords: Martha Lagace
  • 24 Sep 2014
  • Op-Ed

The ABCs of Addressing Climate Change (From a Business Perspective)

It's Climate Week in New York City. The schedule features a UN Climate Summit, a People's Climate March, the Clinton Global Initiative, substantial criticism of the whole endeavor, and plenty of agitated interaction. There is a lot of noise here. How can businesses cut... View Details
Keywords: by John Macomber; Energy; Utilities
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