Publications

November 2002 (Revised October 2003)
Case

Circles: Series D Financing

By: Paul W. Marshall and Kristin Lieb

Circles, a corporate concierge company on the verge of profitability, must make a decision whether to take a D-round venture capital despite ever-changing and ever-worsening terms. A four-year-old company with several major clients, it has met its business plan... View Details

Keywords: Cost vs Benefits; Financing and Loans; Management Teams; Growth and Development Strategy; Negotiation Process; Venture Capital; Governing and Advisory Boards; Entrepreneurship; Service Industry; Consulting Industry; Massachusetts

December 2012
Supplement

Jefferson County (D): February of 2008

By: Daniel Bergstresser and Randolph B. Cohen

Jefferson County, Alabama, faces an EPA mandate requiring sewer system upgrades. How will they finance the upgrades? What consequences will follow? View Details

Keywords: Local Government; Political Process; Bankruptcy; Debt Management; Financial Planning; Urban Development; Environmental Sustainability; Infrastructure; Government and Politics; Borrowing and Debt; Alabama

March 2005 (Revised June 2005)
Background Note

Arbitration between Foreign Investors and Host Governments

By: Louis T. Wells Jr. and Regina Garcia-Cuellar

Explains the emergence of international arbitration as an option for foreign investors with disputes with governments of emerging markets. Presents issues about whether arbitration will remain acceptable to countries and governments. View Details

Keywords: Conflict and Resolution; Foreign Direct Investment; Globalized Markets and Industries; Emerging Markets; Government and Politics

Web

Buy Now, Pay Later: Home Finance

decentralized nature of building and financing homes posed obstacles to private organizations who tried to do the same. Anecdotal accounts, like this feature in the Ladies Home Journal in 1903, suggest that most home-buyers cobbled... View Details

June 2005
Article

Governance Linked D&O Coverage: Leveraging the Audit Committee to Manage Governance Risk

By: S. Datar, M. G. Alles and J. H. Friedland

Keywords: Governance; Insurance; Accounting Audits; Management; Risk and Uncertainty

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September 2004 (Revised September 2006)
Case

Harley-Davidson, Inc.: Motorcycle Manufacturer or Financing Company?

Harley-Davidson manufactures and sells motorcycles. It also provides financing for retail purchases and dealer stock. Although Harley's performance has been very strong, analysts and the press have questioned its use of a special-purpose entity to sell securities... View Details

Keywords: Business Model; Business or Company Management; Corporate Disclosure; Financial Strategy; Manufacturing Industry; Financial Services Industry; Motorcycle Industry; Retail Industry

October 2004
Article

FDI and Economic Growth: The Role of Local Financial Markets

By: Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan and Selin Sayek

The purpose of this paper is to examine the various links among foreign direct investment, financial markets and growth. We model an economy with a continuum of agents indexed by their level of ability. Agents have two choices: they can work for the foreign company in... View Details

Keywords: Foreign Direct Investment; Financial Markets; Economic Growth; Cost; Wealth; Investment Return; Knowledge

01 Aug 2007
Op-Ed

Company Town: Fixing Corrupt Governments

company or nonprofit must demonstrate to its shareholders or donors that it can perform efficiently. To state the obvious, companies must make money. How could running a local government be a profitable... View Details

Keywords: by Eric Werker

12 Nov 2014
News

A Challenge to the New Congress: Pass Housing Finance Reform

February 2020 (Revised June 2020)
Case

Shaping the Governance Debate at ISS

By: Suraj Srinivasan, Jonah S. Goldberg and Calvin O. Liou

ISS is the world’s largest provider of corporate governance research, data, analytics, and voting services. The case uses the effort of the Securities and Exchange Commission (SEC) to impose an array of new regulations that would severely restrict the functioning of... View Details

Keywords: Proxy Advisory Services; Corporate Governance; Research; Investment; Governing Rules, Regulations, and Reforms; Business and Shareholder Relations; Institutional Investing

Article

Corporate Governance and Equity Prices

By: Paul A. Gompers, Joy L. Ishii and Andrew Metrick

Keywords: Corporate Governance; Equity; Price

Find at Harvard

16 Oct 2014
News

Tampa Bay Rays Name New President

Keywords: baseball; sports team management; local government; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment

March 1991 (Revised July 1996)
Background Note

Sources of Financing for New Nonprofit Ventures

Designed to help nonprofit entrepreneurs design fund-raising strategies that are appropriate for their specific organizations. Discusses the major fund-raising alternatives, including foundations, corporations, government sources, wealthy individuals, and the public,... View Details

Keywords: Nonprofit Organizations; Financing and Loans

January 2009
Article

Bank Debt and Corporate Governance

By: Victoria Ivashina, Vinay Nair, Anthony Saunders, Nadia Massoud and Roger Stover

In this paper, we investigate the disciplining role of banks and bank debt in the market for corporate control. We find that relationship bank lending intensity and bank client network have positive effects on the probability of a borrowing firm becoming a target. This... View Details

Keywords: Corporate Governance; Borrowing and Debt; Banks and Banking; Business and Stakeholder Relations; Governance Controls; Managerial Roles

SSRN

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Apr 03 2018
Testimonial

Smoothing the Transition to Governance

19 Feb 2021
News

Boston City Hall Vet Named New Chief of Staff

Keywords: Boston; COVID-19; local government; nonprofit; communication; leadership; Government

2003
Class Lecture

Renewing Markets for Better Governance

By: Krishna G. Palepu

Keywords: Capital Markets; Corporate Governance; Governing Rules, Regulations, and Reforms