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  • All HBS Web  (2,891)
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  • 24 Mar 2002
  • Lessons from the Classroom

Case Study: A Lesson in Private Venture Financing

growth. Being listed on the stock exchange does mark a company's value but in this case it was a low mark.— Walter Kuemmerle Kuemmerle fired questions at conference participants on Gray's available options. Should they go public? Doing so... View Details
Keywords: by Julia Hanna
  • 21 Nov 2006
  • First Look

First Look: November 21, 2006

three- and five-year stock performance of these offerings. RLBOs appear to consistently outperform other IPOs and the stock market as a whole, with economically and statistically meaningful positive returns.... View Details
Keywords: Sean Silverthorne
  • 01 Oct 2008
  • Research & Ideas

How Much Time Should CEOs Devote to Customers?

And future growth prospects are baked into stock market valuations of companies. Yet an increasingly high percentage of Fortune 500 CEOs have not come up the ranks through marketing or sales. At the same time, in many companies, the chief... View Details
Keywords: by John Quelch
  • 30 Jul 2008
  • Op-Ed

Why the U.S. Should Encourage FDI

States outperformed the rest of the world in the majority of years. As such, there is something particularly bad about the return experience of foreign investors taking a controlling position in American companies. In short, America is a beautiful country for View Details
Keywords: by Mihir A. Desai
  • 05 Apr 2004
  • What Do You Think?

Should We Brace Ourselves for Another Era of M&A Value Destruction?

in an asymmetrical fashion (for example, through stock options), it is in their financial best interest to do M&A to add volatility to their business." Is M&A part of the natural Darwinian process of business, or is it rigged... View Details
Keywords: by James Heskett
  • 12 Sep 2006
  • First Look

First Look: September 12, 2006

of a scientist's research. Moreover, the magnitude of the effect of this flurry is influenced by context—such as the presence of coauthors who patent and the patent stock of the scientist's university. Whereas previous research emphasized... View Details
Keywords: Sean Silverthorne
  • 30 Jun 2008
  • Research & Ideas

Rethinking Retirement Planning

much mid-cap European stock you should have in your portfolio, any more than it would enable you to perform surgery on yourself." Intelligence is not the issue, he emphasizes; it really is a question of knowledge and time. Retirement... View Details
Keywords: by Julia Hanna; Banking; Financial Services
  • 08 Jan 2018
  • Research & Ideas

The Startling Percentage of Financial Advisors with Misconduct Records

consumers are saved unnecessarily high fees. Opponents argue the rule would create an uneven playing field between products and raise fees. Related Reading: Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients? Why White-Collar Criminals... View Details
Keywords: by Michael Blanding; Financial Services
  • 19 Jul 2016
  • First Look

July 19, 2016

due to significant investments in people and technology. The company’s stock price dropped 10% on the news, the largest one-day decline since 1998. In February 2016, Walmart reported that revenues for 2015 had dropped 0.7% to $482.1... View Details
Keywords: Sean Silverthorne
  • 05 Aug 2014
  • First Look

First Look: August 5

research at NASA. Purchase this case: http://hbr.org/search/414057-PDF-ENG Harvard Business School Case 214-048 Valuing Yahoo! in 2013 In late July 2013, Danielle Engle, Managing Director of Clairemont Capital, was contemplating what to do about a large investment her... View Details
Keywords: Sean Silverthorne
  • 30 Aug 2011
  • First Look

First Look: August 30

The Tokyo Stock Exchange Survey David F. Hawkins and Jin YamamotoHarvard Business School Case 112-017 Tokyo Stock Exchange survey raises questions about Japan's readiness to adopt IFRS in 2016. Purchase this... View Details
Keywords: Sean Silverthorne
  • 04 May 2010
  • First Look

First Look: May 4

framework of Discounted Cash Flow (DCF) Analysis and apply it to two unique perspectives of an identical problem. The students will then use this DCF approach to rationalize observed stock prices, connecting the two, and further reconcile... View Details
Keywords: Martha Lagace
  • 10 Jul 2000
  • Research & Ideas

Cable TV: From Community Antennas to Wired Cities

their companies public, and to grant stock options to management. Once public, stock valuations depended on Wall Street's perceptions that the company would sustain strong growth. At first, newspaper chains... View Details
Keywords: by Thomas R. Eisenmann; Media & Broadcasting; Consumer Products; Entertainment & Recreation
  • December 2010
  • Teaching Note

Roche's Acquisition of Genentech (TN)

By: Bo Becker and Carliss Y. Baldwin
Teaching Note for 210-040. View Details
Keywords: Mergers and Acquisitions; Stock Shares; Opportunities; Strategy; Organizational Culture; Value; Negotiation Tactics; Biotechnology Industry; Health Industry
Citation
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Related
Becker, Bo, and Carliss Y. Baldwin. "Roche's Acquisition of Genentech (TN)." Harvard Business School Teaching Note 211-039, December 2010.
  • 06 Feb 2006
  • What Do You Think?

Should CEOs of Public Companies Offer Earnings Guidance?

practice of providing detailed information about the company's "quarterly standings, stock prices, new acquisitions, etc.," concludes that "anyone who has stock or investments in a public... View Details
Keywords: by James Heskett; Financial Services
  • 02 Feb 2016
  • First Look

February 2, 2016

Matthew R. Lyle, and Charles C.Y. Wang Abstract—Under fairly general assumptions, expected stock returns are a linear combination of two accounting-based characteristics—book to market and ROE. Empirical estimates based on this relation... View Details
Keywords: Sean Silverthorne
  • 30 Jun 2020
  • Book

Capitalism Is More at Risk Than Ever

over as Unilever’s CEO less than two years earlier, in January 2009, when the company was reeling from the global financial crisis and its stock price was down 35 percent year-over-year. The company’s revenue had declined more than 20... View Details
Keywords: by Martha Lagace
  • 14 Mar 2017
  • First Look

First Look at New Research, March 14

https://www.hbs.edu/faculty/Pages/item.aspx?num=52405 forthcoming Critical Finance Review Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds By: Campbell, John Y., Adi Sunderam, and Luis M. Viceira Abstract—The covariance between U.S. Treasury bond... View Details
Keywords: Sean Silverthorne
  • 2010
  • Working Paper

Decoding Inside Information

By: Lauren Cohen, Christopher Malloy and Lukasz Pomorski
Using a simple empirical strategy, we decode the information in insider trades. Exploiting the fact that insiders trade for a variety of reasons, we show that there is predictable, identifiable "routine" insider trading that is not informative for the future of firms.... View Details
Keywords: Forecasting and Prediction; Stocks; Financial Markets; Investment; Investment Return; Investment Portfolio; Market Transactions
Citation
Read Now
Related
Cohen, Lauren, Christopher Malloy, and Lukasz Pomorski. "Decoding Inside Information." NBER Working Paper Series, No. 16454, October 2010. (Winner of Institute for Quantitative Investment Research (INQUIRE) Grant presented by Institute for Quantitative Investment Research. Winner of Chicago Quantitative Alliance Academic Paper Competition. First Prize presented by Chicago Quantitative Alliance.)
  • February 1991 (Revised June 1993)
  • Case

Ross Perot and General Motors

By: Jay W. Lorsch
In December, 1986 the General Motors Board of Directors must decide whether to accept the buyout agreement between GM and Ross Perot, a director of GM and its largest stockholder. The agreement called for GM to purchase all of Perot's GM shares in exchange for his... View Details
Keywords: Leveraged Buyouts; Mergers and Acquisitions; Stock Shares; Resignation and Termination; Business or Company Management; Agreements and Arrangements
Citation
Educators
Purchase
Related
Lorsch, Jay W. "Ross Perot and General Motors." Harvard Business School Case 491-027, February 1991. (Revised June 1993.)
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