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CEOs Are Predicting a Mild Recession in the U.S.
Economic cycles and trends Digital ArticleThey expect a “short and shallow” downturn. -
Everything You (Don’t) Want to Know About Raising Capital
Financial markets Magazine ArticleMost entrepreneurs understand that if the fundamentals of a business idea—the management team, the market opportunities, the operating systems and controls—are sound, chances are there’s money out there. The challenge of landing that capital to grow a company can be exhilarating. But as exciting as the money search may be, it is equally threatening. Built […] -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
The Economics of Why Companies Don't Fix Their Toxic Cultures
Global Business Digital ArticleAnd how it leads to corporate misconduct. -
The Art of Commerce
Business history Magazine ArticleThe story of a royal trading company comes to life on an 18th-century stock certificate. -
Should Everyone Be Allowed to Invest in Private Tech Companies?
Financial markets Digital ArticleThe SEC is considering changing the rules. Here’s why it shouldn’t. -
What Coronavirus Could Mean for the Global Economy
Global Business Digital ArticleIs a recession inevitable? -
Who’s to Blame for the Bubble?
Financial markets Magazine ArticleBy instigating the dot-com crash, the capital markets have placed the entire new economy at risk. -
Does the Market Know Your Company’s Real Worth?
Financial markets Magazine ArticleNot long ago I asked the officer of a regional investment banking firm why the price-earnings ratio for a small publicly held company was so low. “After all,” I said, “this company has the potential to grow since it’s in the dental equipment industry. It seems to me it warrants a high ratio.” “Don’t you […] -
British Privatization - Taking Capitalization to the People
Global Business Magazine ArticleIn its successful efforts to sell state-owned industries during the 1980s, the Thatcher government in the United Kingdom learned that privatization is... -
Use Data to Answer Your Key Business Questions
Strategy & Execution Digital ArticleActivating your analytics should be a cross-team effort. -
It's Time to Replace the Public Corporation, French Version
Organizational Development SpotlightCritics charge that in today's heavily traded capital markets, executives are increasingly incentivized to manage in tiny, short-term windows, with an... -
What British, European, and American Policymakers Need to Do Now
Economics Digital ArticleStimulate the economy, shrewdly manage UK-Euro trade talks, and above all, don’t deregulate finance. -
Survival of the Richest
Organizational culture Magazine ArticleIn financial markets, as in many human endeavors, there’s a battle between reason and madness. On one side are the disciples of the efficient-markets hypothesis: the notion that markets fully, accurately, and instantaneously incorporate all relevant information into prices. These adherents assume that market participants are rational, always acting in their own interest and making […] -
Column: To Win, Create What’s Scarce
Financial markets Magazine ArticleMarketers like to work on the demand side—take what’s in demand, make it cheaper, run a lot of ads, make a profit. If you can increase demand for what you already make, a lot of problems take care of themselves. It’s the promise of the typical marketing organization: Give us money, and we’ll increase demand. […] -
As Cryptocurrencies Rise, Who Needs Banks?
Economics Digital ArticleIt’s a tough time to be a middleman. -
Efficient? Chaotic? What’s the New Finance?
Economics Magazine ArticleRational investors, beta, CAPM—everything they taught you in business school is now open to debate. -
How Much Money Does the World Owe China?
Economics Digital ArticleAn analysis finds 50% of China’s loans to developing countries go unreported. -
Fixing the Euro Zone and Reducing Inequality, Without Fleecing the Rich
Finance & Accounting Digital ArticleA proposal. -
Eclipse of the Public Corporation
Finance & Accounting Magazine ArticleThe publicly held corporation has outlived its usefulness in many sectors of the economy. New organizations are emerging. Takeovers, leveraged buyouts,...
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Citibank Hong Kong: Capital Arbitrage in the Emerging Markets
Finance & Accounting Case Study8.95View Details Describes how a credit derivative may be used to structure a profitable transaction between a bank and its client. Design and risk management issues are... -
The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . and Are Ready to Do It Again
Finance & Accounting Book27.95View Details "The Devil's Derivatives" charts the untold story of modern financial innovation--how investment banks invented new financial products, how investors... -
Thermo Electron Corp.
Finance & Accounting Case Study8.95View Details George Hatsopoulos, CEO at Thermo Electron Corp., is considering whether to issue shares in a subsidiary via an initial public offering (IPO). The company... -
Petrolera Zuata, Petrozuata C.A., Russian Version
Finance & Accounting Case Study8.95View Details Petrozuata is a proposed $2.5 billion oil-field development project in Venezuela. The case is set in 1997 as the project sponsors, Conoco and PDVSA (Venezuela's... -
Metromedia Broadcasting Corp.
Finance & Accounting Case Study8.95View Details Describes the market for high-yield, or "junk," bonds and includes summaries of academic research on the risk/return characteristics of high-yield securities.... -
Student Educational Loan Fund, Inc., Spanish Version
Finance & Accounting Case Study8.95View Details Rick Melnick oversees the Student Educational Loan Fund (SELF), which provides loans to Harvard Business School students. SELF is changing the terms of... -
Aluminium Bahrain (Alba): The Pot Line 5 Expansion Project, Russian Version
Finance & Accounting Case Study8.95View Details In September 2002, Aluminium Bahrain (Alba) needed to decide how to finance its proposed $1.7 billion pot line. The company's financial adviser, Taylor... -
B.F. Goodrich-Rabobank Interest Rate Swap
Finance & Accounting Case Study8.95View Details A U.S. manufacturing organization and a Eurobank swap fixed and floating rate obligations to reduce their financing costs. -
RJR Nabisco Holdings Capital Corp.--1991
Finance & Accounting Case Study8.95View Details An investment manager notices a large apparent discrepancy in the prices of two nearly-identical bonds issued in conjunction with a major leveraged buyout.... -
Long-Term Capital Management, L.P. (A)
Finance & Accounting Case Study6.95View Details Long-Term Capital Management, L.P. (LTCM) was in the business of engaging in trading strategies to exploit market pricing discrepancies. Because the firm... -
Building Uzbekistan's Capital Market
Finance & Accounting Case Study8.95View Details In December 2019, Atabek Nazirov, head of Uzbekistan's capital market regulatory agency, prepared the release of Uzbekistan's capital market strategy.... -
Chardonnay Shortage at Mondavi Winery
Finance & Accounting Case Study8.95View Details Mondavi Winery is facing a shortage of its Chardonnay wine. This shortage will disrupt its positioning in wine outlets and impact earnings. Allows students... -
Partners Healthcare, Chinese Version
Finance & Accounting Case Study14.00View Details Focuses on the portfolio allocation decision of a passive fund manager. Provides a setting to study portfolio theory, including mean-variance analysis,... -
Barclays and the Libor: Anatomy of a Scandal
Finance & Accounting Case Study8.95View Details On June 27, 2012, the storied British bank Barclays admitted that it repeatedly attempted to rig the London Interbank Offered Rate (LIBOR) over a four-year... -
Japan's Missing Arrow?
Global Business Case Study8.95View Details In late December 2014, Shinzo Abe was elected to another term as the prime minister of Japan. His re-election was largely interpreted as a vote of confidence... -
Nikkei 225 Reconstitution
Finance & Accounting Case Study8.95View Details Taka Haneda, a proprietary trader at the Tokyo office of Goldman Sachs, has just learned that the Nikkei 225 will undergo a significant redefinition over... -
SK Group: Social Progress Credits
Finance & Accounting Case Study8.95View Details SK Group was one of the largest companies South Korea. A family-run conglomerate consisting of around 120 subsidiaries and employing more than 100,000,... -
The Coronavirus (COVID-19) Pandemic and the Global Economy (B)
Global Business Case Study5.00View Details By December 2020, the COVID-19 pandemic had swept across the globe, creating widespread disruption in all aspects of everyday life. Almost 90 million... -
McArthur/Glen Realty Corp.
Finance & Accounting Case Study8.95View Details Jonathan Potter is considering an investment in the newly formed McArthur/Glen Real Estate Investment Trust. The case gives some background on real estate... -
EnergyNow: Powering a New Market
Management Case Study8.95View Details In August 2022, EnergyNow co-founder and CEO Stuart MacWilliam (MBA 2015) considers the company strategy for building solar panels to provide power in...
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CEOs Are Predicting a Mild Recession in the U.S.
Economic cycles and trends Digital ArticleThey expect a “short and shallow” downturn. -
Making Smart Investments: A Beginner's Guide
Finance & Accounting AdviceReduce the risk factor, increase the reward factor, and generate meaningful returns. -
Everything You (Don’t) Want to Know About Raising Capital
Financial markets Magazine ArticleMost entrepreneurs understand that if the fundamentals of a business idea—the management team, the market opportunities, the operating systems and controls—are sound, chances are there’s money out there. The challenge of landing that capital to grow a company can be exhilarating. But as exciting as the money search may be, it is equally threatening. Built […] -
Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions
Accounting Magazine ArticleCompanies are increasingly paying for acquisitions with stock rather than cash. But both they and the companies they acquire need to understand just how big a difference that decision can make to the value shareholders will get from a deal. -
Citibank Hong Kong: Capital Arbitrage in the Emerging Markets
Finance & Accounting Case Study8.95View Details Describes how a credit derivative may be used to structure a profitable transaction between a bank and its client. Design and risk management issues are... -
The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street . . . and Are Ready to Do It Again
Finance & Accounting Book27.95View Details "The Devil's Derivatives" charts the untold story of modern financial innovation--how investment banks invented new financial products, how investors... -
Harvard Business Review, January/February 2021
Leadership & Managing People Magazine Issue19.95View Details Harvard Business Review publishes new and authoritative ideas for improving the practice of management. Written by leading business thinkers and executives,... -
The Economics of Why Companies Don't Fix Their Toxic Cultures
Global Business Digital ArticleAnd how it leads to corporate misconduct. -
Thermo Electron Corp.
Finance & Accounting Case Study8.95View Details George Hatsopoulos, CEO at Thermo Electron Corp., is considering whether to issue shares in a subsidiary via an initial public offering (IPO). The company... -
Petrolera Zuata, Petrozuata C.A., Russian Version
Finance & Accounting Case Study8.95View Details Petrozuata is a proposed $2.5 billion oil-field development project in Venezuela. The case is set in 1997 as the project sponsors, Conoco and PDVSA (Venezuela's...