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  • All HBS Web  (2,779)
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  • All HBS Web  (2,779)
    • People  (9)
    • News  (578)
    • Research  (1,765)
    • Events  (4)
    • Multimedia  (11)
  • Faculty Publications  (859)
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  • Web

Business Analysis and Valuation Using Financial Statements - Course Catalog

to students seeking a career in consulting, corporate finance, hedge funds, venture capital, private equity, or investment banking. Educational Objectives The objective of the course is to provide hands-on experience in financial... View Details
  • 24 Apr 2014
  • News

Betting big on star power can be a winning strategy in business—not just show business

Researching the entertainment industry, Anita Elberse, the Lincoln Filene Professor of Business Administration, has found that blockbuster strategies work. Content producers who pursue these strategies make huge investments in a small... View Details
  • 29 Sep 2008
  • Research & Ideas

Financial Crisis Caution Urged by Faculty Panel

lack of transparency and a lack of understanding about the values of many of the assets that were acquired using said capital. Rose also provided a brief history of the investment landscape as it has evolved... View Details
Keywords: by Martha Lagace; Financial Services
  • Web

Real Estate Private Equity - Course Catalog

2. How to assess the risks and returns in private investments and real estate portfolios 3. How to perform relative value analyses of differing investments 4. How to manage... View Details
  • 2025
  • Working Paper

Cash Flow Volatility, Return Predictability and Stock Price Decompositions: Why You Should Scale Prices by Trend Cash Flows

By: Sebastian Hillenbrand and Odhrain McCarthy
We address two inconvenient facts in asset pricing: (i) valuation ratios are often more related to future cash flows than to returns, and (ii) they mostly fail to predict returns. We show that these issues arise because stock prices are scaled by cash flows that... View Details
Keywords: Cash Flow; Volatility; Investment Return; Asset Pricing; Forecasting and Prediction; Valuation; Stocks
Citation
SSRN
Related
Hillenbrand, Sebastian, and Odhrain McCarthy. "Cash Flow Volatility, Return Predictability and Stock Price Decompositions: Why You Should Scale Prices by Trend Cash Flows." Working Paper, June 2025.
  • March 2013
  • Supplement

HOYA Corporation (A)

By: W. Carl Kester
Keywords: Mergers and Acquisitions; Investment Activism; Corporate Governance; Governance Controls; Governing and Advisory Boards; Negotiation Tactics; Business and Shareholder Relations; Valuation; Japan
Citation
Purchase
Related
Kester, W. Carl. "HOYA Corporation (A)." Harvard Business School Spreadsheet Supplement 213-721, March 2013.
  • 22 Sep 2015
  • News

Balancing Progress and Preservation

In his work managing real estate investments at Samson Investment Partners in New York, Lloyd Zuckerberg (MBA 1990) often draws on the same sensibilities that guide his leadership of the nonprofit New York... View Details
  • 02 May 2008
  • What Do You Think?

What is the Future of State Capitalism?

forms of capitalism." Citing examples of Dutch and British investments abroad, Cole Woodson comments, "I find the question to be somewhat delinquent ... to the tune of several centuries." He adds that to the extent that... View Details
Keywords: by Jim Heskett
  • 01 Dec 2018
  • News

Preparing Global Leaders

and long-term value creation. In addition to this, he is cofounder and chairman of Voxtra, a social impact investment firm that focuses on improving the livelihoods of those in the agriculture sector in East... View Details
  • 25 Jul 2006
  • First Look

First Look: July 25, 2006

vector of state variables describing investment opportunities, with coefficients that are a function of the investment horizon. We apply our method to the optimal portfolio choice problem of an investor who... View Details
Keywords: Sean Silverthorne
  • 18 Dec 2018
  • First Look

New Research and Ideas, December 18, 2018

the threshold for research and development (R&D) investment in an economically viable product. Further, the small size of patient populations for orphan drugs, together with the increasing prevalence of biologics among orphan drugs,... View Details
Keywords: Dina Gerdeman
  • Mar 2012
  • Article

A Jobs Compact for America's Future

Without a well-trained, well-paid, continuously improving workforce the United States cannot compete with other nations effectively—and won’t be able to sustain high and rising living standards. Yet at all levels of the economy, we behave as if we don’t believe that:... View Details

    Kelsey Morgan Pasqualichio

    investment strategies. I have helped launch both VC funds and startups. I can help startups with: Feedback on investor deck Crafting story about value proposition, differentiation, traction Feedback on GTM... View Details
    Keywords: Technology;#239;#Consumer Products and Services (B2C);#240;#Business Products and Services (B2B);#242;#Financial Services;#43;#Healthcare
    • 01 Mar 2010
    • News

    Alumni Books

    The Masters of Private Equity and Venture Capital: Management Lessons from the Pioneers of Private Investing by Robert A. Finkel (MBA ’89) with David Greising (McGraw-Hill) Ten investment and management... View Details
    Keywords: Colleges, Universities, and Professional Schools; Educational Services; Finance; Management, Scientific, and Technical Consulting Services; Professional Services
    • 01 Jul 2013
    • News

    The Nature of Business

    investment opportunities. "Investing in nature can produce very attractive business returns," said Tercek. "Compared with manmade solutions, natural infrastructure often works better, costs less, and appreciates in View Details
    Keywords: Jill Radsken; Social Assistance; Health, Social Assistance
    • Web

    HBS Alumni Research Tips: Company Research | Baker Library

    date range. Click Search . Investment Research Morningstar Investment Research Center Search by name or ticker for proprietary stock reports from Morningstar Value Line In the... View Details
    • 01 Jan 2009
    • News

    Robert F. Greenhill, MBA 1962

    Founder and Chairman, Greenhill & Co., LLC Return to Alumni Achievement Awards main page Earlier Education: B.A., Philosophy, Yale University, 1958 On Leadership: “Leadership flourishes when the organization values respect and... View Details
    • 01 Sep 2010
    • News

    Five Honored for Missions Accomplished

    as an investment manager? A focus on earning the trust and confidence of our clients and providing them with compelling value for their money. Has your philosophy of value... View Details
    Keywords: awards; Finance; Funds, Trusts, and Other Financial Vehicles; Finance; Space Research and Technology; Government; News, Library, Internet, and Other Services; Information; Clothing and Clothing Accessories Stores; Retail Trade
    • 26 Jul 2024
    • Research & Ideas

    Why Great Ideas Get Stuck in Universities

    valuable insights for founders and universities as they invest more into the higher-risk, early-stage research that often results in meaningful innovation. Companies have long teamed with academia, but such partnerships might become more... View Details
    Keywords: by Ben Rand; Biotechnology; Health
    • 01 Jun 2003
    • News

    Portraits from the Class of 2003

    Srivatsa Krishna "I believe my life will have value only if it can add value to the lives of others." Currently: on sabbatical from the Indian Administrative Service, India's elite top management civil... View Details
    Keywords: Administration of Economic Programs; Government
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