Filter Results:
(2,241)
Show Results For
- All HBS Web
(2,241)
- People (16)
- News (453)
- Research (1,338)
- Events (1)
- Multimedia (16)
- Faculty Publications (952)
Show Results For
- All HBS Web
(2,241)
- People (16)
- News (453)
- Research (1,338)
- Events (1)
- Multimedia (16)
- Faculty Publications (952)
- June 2023 (Revised January 2024)
- Case
Siemens AG: A Private Equity Approach within an Industrial Corporation?
By: David J. Collis and Haisley Wert
In July 2022, Horst Kayser, Chairman of Siemens AG Portfolio Companies (POC), was reflecting on the advice he could offer Roland Busch, Chief Executive Officer of the parent company Siemens AG, about whether and how to operate a private equity-like approach inside the... View Details
Collis, David J., and Haisley Wert. "Siemens AG: A Private Equity Approach within an Industrial Corporation?" Harvard Business School Case 723-420, June 2023. (Revised January 2024.)
- 11 May 2015
- Working Paper Summaries
What Do Private Equity Firms Say They Do?
- 01 Sep 2012
- News
Private equity in China: Hony ahoy
- 08 May 2008
- News
The changing face of private equity
- 18 Sep 2017
- News
Private Equity for Cheapskates Like You
- 05 Mar 2012
- News
Josh Lerner Plans A Better Private Equity Database
- 10 Dec 2014
- News
Lessons for Private Equity Learned From the Last Merger Frenzy
- October 2004
- Class Lecture
Boom and Bust in Private Equity
By: Josh Lerner
Lerner, Josh. "Boom and Bust in Private Equity." Harvard Business School Class Lecture 205-028, October 2004.
- 01 Dec 2017
- News
New ETFs Attempt to Mimic the Portfolios of Private Equity
- July 2023
- Article
Takahashi-Alexander Revisited: Modeling Private Equity Portfolio Outcomes Using Historical Simulations
By: Dawson Beutler, Alex Billias, Sam Holt, Josh Lerner and TzuHwan Seet
In 2001, Dean Takahashi and Seth Alexander of the Yale University Investments Office developed a deterministic model for estimating future cash flows and valuations for the Yale endowment’s private equity portfolio. Their model, which is simple and intuitive, is still... View Details
Beutler, Dawson, Alex Billias, Sam Holt, Josh Lerner, and TzuHwan Seet. "Takahashi-Alexander Revisited: Modeling Private Equity Portfolio Outcomes Using Historical Simulations." Journal of Portfolio Management 49, no. 7 (July 2023): 144–158.
- April 2011
- Article
Private Equity and Long-Run Investment: The Case of Innovation
By: Josh Lerner, Morten Sorensen and Per Stromberg
A long-standing controversy is whether LBOs relieve managers from short-term pressures of dispersed shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495... View Details
Lerner, Josh, Morten Sorensen, and Per Stromberg. "Private Equity and Long-Run Investment: The Case of Innovation." Journal of Finance 66, no. 2 (April 2011): 445–477.
- July 2011
- Article
The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking
By: Victoria Ivashina and Anna Kovner
This paper examines the impact of leveraged buyout firms' bank relationships on the terms of their syndicated loans. Using a sample of 1,590 loans financing private equity sponsored leveraged buyouts between 1993 and 2005, we find that bank relationships are an... View Details
Keywords: Leveraged Buyouts; Private Equity; Banks and Banking; Financing and Loans; Interest Rates; Investment Return; Relationships; Banking Industry; Financial Services Industry
Ivashina, Victoria, and Anna Kovner. "The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking." Review of Financial Studies 24, no. 7 (July 2011): 2462–2498.
- 2022
- Article
The Effects of Public and Private Equity Markets on Firm Behavior
By: Shai Bernstein
In this article, I review the theoretical and empirical literature on the effects of public and private equity markets on firm behavior, emphasizing the consequences that emerge from disclosure requirements, ownership concentration, and degree of firm standardization.... View Details
Keywords: Corporate Finance And Governance; Financing Policy; Commercialization; Capital Markets; Private Equity; Public Equity; Venture Capital; Innovation and Invention; Cost of Capital
Bernstein, Shai. "The Effects of Public and Private Equity Markets on Firm Behavior." Annual Review of Financial Economics 14 (2022): 295–318.
- 2023
- Working Paper
The Market for CEOs: Evidence from Private Equity
By: Paul A. Gompers, Steven N. Kaplan and Vladimir Mukharlyamov
Most research on the CEO labor market studies public company CEOs while largely ignoring CEOs in private equity (PE) funded companies. We fill this gap by studying the market for CEOs among U.S. companies purchased by PE firms in large leveraged buyout transactions.... View Details
Gompers, Paul A., Steven N. Kaplan, and Vladimir Mukharlyamov. "The Market for CEOs: Evidence from Private Equity." NBER Working Paper Series, No. 30899, April 2022. (Revised January 2023.)
- Fall 2007
- Article
A Comprehensive Look at the Private Equity Industry in Mexico (1990–2006)
By: Roberto Charvel
This article is one of the few historical numerical reviews of a private equity industry in an emerging market. View Details
Keywords: Emerging Market; Latin America; Mexico; Economic Sectors; Corporate Entrepreneurship; Venture Capital; Capital Markets; Private Equity; Financial Services Industry; Latin America; North and Central America
Charvel, Roberto. "A Comprehensive Look at the Private Equity Industry in Mexico (1990–2006)." Journal of Private Equity 10, no. 4 (Fall 2007): 42–53.
- 15 Feb 2016
- Working Paper Summaries
Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting
- 07 Oct 2019
- News
New Study Shows Adverse Economic Effects of Private Equity Buyouts
- 2017
- Working Paper
The Benefits of Selective Disclosure: Evidence from Private Firms
By: Joan Farre-Mensa
Private firms’ ability to communicate confidentially with selected investors implies that valuation disagreements between firms and investors are larger at public firms than at private ones. Consistent with the notion that misvaluation concerns lead public firms to... View Details
Keywords: Finance; Equity; Private Companies; Corporate Cash; Precautionary Motives; Share Issuance; IPOs; Selective Disclosure; Private Ownership; Cash; Market Timing; Corporate Finance; Public Ownership; Corporate Disclosure; United States
Farre-Mensa, Joan. "The Benefits of Selective Disclosure: Evidence from Private Firms." Harvard Business School Working Paper, No. 14-095, April 2014. (Revised March 2017.)
- 14 Jun 2020
- News
Private equity barons grow rich on $230bn of performance fees
- December 2016
- Case
Paine & Partners: Private Equity in Agriculture
By: David E. Bell
Bell, David E. "Paine & Partners: Private Equity in Agriculture." Harvard Business School Case 517-051, December 2016.