Publications

May 2009
Article

Synchronicity and Firm Interlocks in an Emerging Market

By: Tarun Khanna and Catherine Thomas

Stock price synchronicity has been attributed to poor corporate governance and a lack of firm-level transparency. This paper investigates the association between different kinds of firm interlocks, control groups, and synchronicity in Chile. A unique data set... View Details

Keywords: Stocks; Price; Corporate Governance; Governance Controls; Governing and Advisory Boards; Resource Allocation; Emerging Markets; Ownership Stake; Chile

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Article

Market Integration in Developed and Emerging Markets: Evidence from the CAPM

By: Robert Bruner, Wei Li, Mark Kritzman, Simon Myrgren and Sebastien Page

Beta, as measured by the Capital Asset Pricing Model (CAPM), is widely used for pricing stocks, determining the cost of capital, and gauging the extent to which markets are integrated. The CAPM model assumes that equilibrium conditions prevail. The choice of which... View Details

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April 1998
Case

Citibank Hong Kong--Capital Arbitrage in the Emerging Markets

Describes how a credit derivative may be used to structure a profitable transaction between a bank and its client. Design and risk management issues are discussed in the context of this new class of derivative security. View Details

Keywords: Credit Derivatives and Swaps; Investment Banking; Financial Services Industry; Hong Kong

Educators

02 May 2025
News

The US Is Turning Into an Emerging Market

September 2019 (Revised March 2022)
Teaching Note

iyzico: Fundraising in Emerging Markets (A) and (B)

By: Marco Di Maggio

Teaching Note for HBS Nos. 219-064 and 219-065. View Details

1997
Working Paper

Corporate Strategies for Emerging Markets in Business Groups

There is growing interest in impact investing, the idea of deploying capital to obtain both financial and social or environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and... View Details

Fall 2017
Article

An Empirical Analysis of Investment Return Dispersion in Emerging Markets Private Equity

By: Josh Lerner and Mark Baker

The authors use transaction-level data to compare the dispersion of private equity (PE) returns in emerging markets (EMs) to the same in developed markets (DMs). They regress within-market absolute deviation from the mean on an EM indicator and controls. They find... View Details

Keywords: Private Equity; Emerging Markets; Investment Return; Analysis

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24 Jan 2011
News

Harvard Business School Introduces Program to Help Realize Opportunities in Emerging Markets

July–August 1999
Article

The Right Way to Restructure Conglomerates in Emerging Markets

Keywords: Business Conglomerates; Emerging Markets; Business Strategy

2018
Working Paper

Oral History and Writing the Business History of Emerging Markets

By: Geoffrey Jones and Rachael Comunale

This working paper highlights the benefits that rigorous use of oral history can offer to research on the contemporary business history of emerging markets. Oral history can help fill some of the major information voids arising from the absence of a strong tradition of... View Details

Keywords: Oral History; Business History; Research; Emerging Markets

SSRN

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July–August 2015
Article

Engineering Reverse Innovations: Principles for Creating Successful Products for Emerging Markets

By: Amos Winter and Vijay Govindarajan

Multinationals are starting to catch on to the logic of reverse innovation, in which products are designed first for consumers in low-income countries and then adapted into disruptive offerings for developed economies. But only a handful of companies have managed to do... View Details

Keywords: Innovation Strategy; Emerging Markets

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25 Apr 2014
News

Making 'human connections' to build business in emerging markets

Catherine Bouvier d'Yvoire (MBA 1982), director of the Global Strategy Advisory of Citi, talks about creating "human connections" with clients in emerging markets. (Published April 2014) View Details

July–August 1997
Article

Why Focused Strategies May Be Wrong for Emerging Markets

Keywords: Strategy; Emerging Markets

Article

What is the Other Reason of Why Private Equity Matters in Emerging Markets?

By: Roberto Charvel

Private equity investments in emerging markets can help increase the availability of credit for firms. View Details

Keywords: Alternative Assets; Emerging Economies; Venture Capital; Private Equity; Financial Services Industry; Latin America

1 Jan 1999
Conference Presentation

Estimating the Performance Effects of Networks in Emerging Markets

By: Tarun Khanna and J. Rivkin

Keywords: Networks; Performance Evaluation; Emerging Markets

2000
Chapter

Emerging Market Business Groups, Foreign Investors, and Corporate Governance

Keywords: Emerging Markets; Business Ventures; Foreign Direct Investment; Corporate Governance; Globalized Economies and Regions