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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. -
How the Carl Icahns of the World Benefit Firms but Not Workers
Financial markets Digital ArticleResearch reveals how activist investors help and hurt. -
Restoring Shareholder Confidence When Your Stock Is Down
Finance & Accounting Digital ArticleWith an aggressive but thoughtful approach, it's possible to survive a downturn - and even emerge stronger. -
Do Algorithms Make Better — and Fairer — Investments Than Angel Investors?
Algorithms Digital ArticleIt depends on the investor. -
Strong Dollar, Weak Thinking
Economics Digital ArticleWhy Wall Street is wrong to worry about the impact on earnings per share. -
Why Decentralized Crypto Platforms Are Weathering the Crash
Technology & Operations Digital ArticleIntense competition drove centralized crypto finance platforms to take on hidden, unsustainable risks. But DeFi might offer a path forward. -
The Art of Commerce
Business history Magazine ArticleThe story of a royal trading company comes to life on an 18th-century stock certificate. -
Funding Eureka!
Innovation & Entrepreneurship Magazine ArticleNathan Myhrvold, the cofounder of Intellectual Ventures, has been reviled as a patent troll - a renegade who buys up patents and uses them to hold up... -
How Blockchain Applications Will Move Beyond Finance
Finance & Accounting Digital ArticleAny type of digital asset can be tracked and traded. -
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 […] -
Survival of the Richest
Finance & Accounting Magazine ArticleAre financial markets driven by efficiency or by irrational behavior? The "adaptive markets hypothesis" brings Darwinian principles into the mix, suggesting... -
Prestigious Firms Make Riskier Acquisitions Than Other Firms
Strategy & Execution ResearchAnd investors aren't always enthusiastic about it. -
Making the Financial Markets Safe: A Conversation with Robert Merton
Finance & Accounting Magazine ArticleIn this edited conversation with HBR senior editor David Champion, Merton, a professor at Harvard Business School, casts light on the role of derivatives... -
Grexit Would Be Even More Dangerous than Economists Realize
Economics Digital ArticleWhat the referendum is really about. -
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. […] -
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. -
Should Dual-Class Shares Be Banned?
Financial markets Digital ArticleInstitutional investors don’t like them, but founders do.
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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.... -
OAO YUKOS Oil Co.
Strategy & Execution Case Study8.95View Details This case presents the history and current position of Russia's second-largest oil company, YUKOS, as it seeks listing on the NYSE as an ADR and attempts... -
Barber of Buenos Aires: Argentina's Debt Renegotiation
Global Business Case Study8.95View Details Tells the story of Argentina's aggressive strategy for renegotiating its sovereign debt from 2003 to 2005. Most creditors accepted the offer to swap their... -
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... -
Valuation and Discounted Cash Flows
Finance & Accounting Case Study8.95View Details A set of five exercises in valuation of simple fixed income securities. No capital budgeting. Students use present value analysis to compute discounted... -
Long-Term Capital Management, L.P. (D)
Finance & Accounting Case Study5.00View Details Supplements the (C) case. -
Public Capital Markets
Finance & Accounting Case Study8.95View Details -
Singapore Post: Transforming Mail Services in the Internet Age
Sales & Marketing Case Study8.95View Details This case is set in August 2012 about ten months after the 'Ready for the Future' (RTF) Transformation Programme was implemented at Singapore Post Limited... -
State of South Carolina
Finance & Accounting Case Study8.95View Details This case presents the managerial dilemma faced by the treasurer of South Carolina in 1998. Until last year, the South Carolina state pension fund (with... -
Market Failures
Strategy & Execution Case Study8.95View Details Examines the role of transaction costs in impeding the functioning of markets and shows how the concept of transaction costs sheds light on a broad range... -
Nephila: Innovation in Catastrophe Risk Insurance
Finance & Accounting Case Study8.95View Details At the cross-section of capital markets and the catastrophe insurance space stands the hedge fund Nephila. Nephila must decide how best to take advantage... -
Apple, Einhorn, and iPrefs
Finance & Accounting Case Study8.95View Details In March 2013, Apple Inc. has a very large cash balance and is under pressure to return cash to shareholders. Hedge fund manager David Einhorn thinks... -
Cat Fight in the Pet Food Industry (A)
Strategy & Execution Case Study8.95View Details Describes the pet food industry in the mid-eighties prior to the breakout of a major competitive battle as manufacturers fight for share. Illustrates... -
The Incentive for Legacy: Tsinghua University Education Foundation
Strategy & Execution Case Study8.95View Details Vivian Yuan seeks to bolster the Tsinghua University Education Foundation's fundraising efforts and investment goals in a new era of Chinese higher education.... -
Single.Earth
Strategy & Execution Case Study8.95View Details Estonian greentech company Single.Earth is launching a nature-backed token that is linked to and funds the protection of a specific plot fo land. The... -
The Florange Law: Encouraging Long-Termism in Equity Markets?
Finance & Accounting Case Study8.95View Details This note provides background information on a French law ("the Florange law") passed in 2014 that the French government said would encourage long-term... -
Digital Equipment Corp.: The Endpoint Model (C1)
Technology & Operations Case Study5.00View Details To follow Digital Equipment Corp.: The Endpoint Model (B2). The division has just received a request for dramatically increased production. If it complies... -
When More Is Not Better: Overcoming America's Obsession with Economic Efficiency
American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance.... -
The Tribasa Toll Road Trust
Finance & Accounting Case Study8.95View Details This case demonstrates how the international capital markets were used to obtain financing for the expansion of limited access highways in Mexico. Structured... -
Note on Central Planning
Leadership & Managing People Case Study8.95View Details The rise and fall of central planning rank among the most significant events in the 20th century. For much of the century, central planning, which had...
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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. -
How the Carl Icahns of the World Benefit Firms but Not Workers
Financial markets Digital ArticleResearch reveals how activist investors help and hurt. -
Restoring Shareholder Confidence When Your Stock Is Down
Finance & Accounting Digital ArticleWith an aggressive but thoughtful approach, it's possible to survive a downturn - and even emerge stronger. -
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.... -
Do Algorithms Make Better — and Fairer — Investments Than Angel Investors?
Algorithms Digital ArticleIt depends on the investor. -
EnergyNow: Powering a New Market, Teaching Note
Management Digital ArticleTeaching note for case 723361. -
OAO YUKOS Oil Co.
Strategy & Execution Case Study8.95View Details This case presents the history and current position of Russia's second-largest oil company, YUKOS, as it seeks listing on the NYSE as an ADR and attempts...