Value Investing - Publications - Faculty & Research

06 Sep 2005
Research & Ideas

The Best Place for Retirement Funds

behavioral finance: How rational are individual investors? It touches on the quality of advice that investors get, and the relationships between investors and their financial advisers. As we potentially shift our Social Security system toward one where households will... View Details

Keywords: by Ann Cullen

23 Jan 2019
Blog Post

The First Five Years: '30 under 30' Edition

principal at Troy, a venture capital firm investing in what we believe are the most transformational technology companies. We do this across the spectrum––from our early-stage seed and Series A fund all the way through our two later-stage... View Details

17 Jan 2019
News

The First Five Years: ‘30 Under 30’ Edition

music producer and drummer whose mission is to elevate and celebrate the female voice. I produce music that tackles issues of modern gender equality today, and I travel the world to speak and perform about these issues.” Tucker: “I’m a principal at Troy, a venture... View Details

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

01 Dec 2005
News

Faculty Books

International Finance A Casebook by Mihir A. Desai (John Wiley & Sons) These case studies, by Associate Professor Desai, consider how major financial and investment decisions must adapt to the opportunities and obstacles in a rapidly... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Publishing Industries (except Internet); Information

08 Sep 2021
Blog Post

Socioeconomic Inclusion at HBS: Joshua Mbanusi (MBA 2021)

not just maximize shareholder value but doing good by doing well—how to pursue business that has a social mission at its heart while also generating returns for its investors,” said Mbanusi. Casting a wide net in his applications, Mbanusi... View Details

Web

Emerging Topics - Institute For Strategy And Competitiveness

among the most important tools to drive shared value in practice. Shared Value & Investors Shared value investing represents an evolution in the... View Details

19 Mar 2024
Blog Post

IFC India: Tata Power - Trombay Thermal Power Plant Takeaways

greater energy security. Indeed, from an energy security perspective, Trombay’s value proposition is unmatched with its reliability as a baseload power source and its ability to flex between imported and domestic coal. This brings us to... 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

17 Feb 2016
Blog Post

Through The Eyes of The Patient: A Recap of The 13th Annual Health Care Conference

afternoon keynote session, Cardinal Health Chairman and CEO George Barrett spoke about the difficulties of defining value in health care, and over what time period, as well as how his organization is making the patient a centerpiece of... View Details

Keywords: Health Care

Profile

Emily Hannenberg

When you combine the logical mindset of an engineer with the values of someone who wishes to serve, you arrive at the inspirations behind Emily Hannenberg’s career in the military. "My parents are both physicians," Emily says.... View Details

Keywords: Nonprofit/Government/Education

13 Dec 2011
News

Carry It On

these two areas, and that gives me a very good feeling.” With John Plukas (MBA ’68), with whom he had previously founded HCW Oil and Gas, an oil-industry real estate and investment firm, Glassman launched Wainwright Bank in 1987. The bank... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Monetary Authorities-Central Bank; Finance; Religious, Grantmaking, Civic, Professional, and Similar Organizations; Personal Services

21 Jul 2008
Research & Ideas

Solving the Marketing Resources Allocation Puzzle

example, how well consumers were able to recall a brand name after commercials have been run—but not much more. The effectiveness of marketing investments was rarely directly tied back to sales. This has completely changed with the... View Details

Keywords: by Sean Silverthorne

10 May 2011
First Look

First Look: May 10

menu. We illustrate this result empirically in the context of 401(k) plans, where we show a negative relation between the number of investment choices in a 401(k) plan and the quality of the optimal portfolio achievable given those View Details

Keywords: Sean Silverthorne

07 Aug 2007
First Look

First Look: August 7, 2007

studying markets with tendencies toward "early" hiring. Our data make clear that the movement of the clerkship market back to the third year of law school is highly valued by judges, but we also find that a strong majority of... View Details

Keywords: Martha Lagace

14 Nov 2007
First Look

First Look: November 14, 2007

investors and investment funds. Furthermore, it was creating a network of microfinance banks through a microfinance holding company. However, in a context of rapid change and explosive growth of the microfinance sector, Jacques Attali,... View Details

Keywords: Martha Lagace

05 Nov 2001
Research & Ideas

Venture Capital Goes Boom—or Bust?

of money. Before the emergence of the venture capital market, the vast majority of entrepreneurs seeking financing from traditional sources failed to realize value from their ideas. Indeed, many product or service innovators privately... View Details

Keywords: by Paul A. Gompers & Josh Lerner

Web

HBS - Financials | Financial Highlights

with 33.6 percent in fiscal 2021. The value of the School’s endowment (after the net impact of distributions from the endowment and the addition of new gifts) decreased to $5.1 billion, from $5.3 billion a year earlier. Capital View Details

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

18 Jun 2001
Research & Ideas

When In-House Research Isn’t Enough

Les Vadasz noted Intel Capital's interest in investing in companies that added value and were a good strategic fit, that were already successful in their own market, and that presented a financially viable... View Details

Keywords: by Jim Aisner

Publications