-
Yes, Short-Termism Really Is a Problem
Business and society Digital ArticleWe don’t need to prove it because we can all see it. -
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 New Economy Is Stronger Than You Think
Government policy and regulation Magazine ArticleSome people—in particular, panicky policy makers at the Fed—fear that the new economy is a bubble about to burst. They’re dead wrong. Barring any government interference, the new economy is rock solid and here to stay. -
How to Spot a Nationalized Bank
Global Business Digital ArticleAs part of the ongoing bailout of Citigroup, it was recently announced that the government's investment of about $25 billion in preferred stock would... -
How Midsize Companies Can Access Capital in Turbulent Times
Organizational Development Digital ArticleLending to mid-market companies has fallen nearly 60% over the last year. -
The Right Way to Manage Your Pension Fund
Accounting Magazine ArticleThe way we deal with risk depends on how we define it. This is often a more complicated task than appears. Risk is such a many-headed monster that selecting the right head to strike at can be a big challenge. Corporate executives have traditionally defined pension fund risk in terms of the trade-off between risk […] -
What’s Your Real Cost of Capital?
Budgets and budgeting Magazine ArticleThe traditional approach to evaluating capital investments has a fatal flaw. Here’s how to get numbers you can count on. -
Serving Shareholders Doesn’t Mean Putting Profit Above All Else
Corporate social responsibility ResearchThey care about society at large. -
How the Carl Icahns of the World Benefit Firms but Not Workers
Financial markets Digital ArticleResearch reveals how activist investors help and hurt. -
How to Assess True Macroeconomic Risk
Finance & Accounting Magazine ArticleIn this article, adapted from the forthcoming book Shocks, Crises, and False Alarms, the authors explain how economic analysis works in the real world.... -
How Big a Problem Is It That a Few Shareholders Own Stock in So Many Competing Companies?
Strategy & Execution Digital ArticleThe case against horizontal shareholdings. -
How to Make Finance Work
Finance & Accounting Magazine ArticleOnce a sleepy old boys' club, the U.S. financial sector is now a dynamic and growing business that attracts the best and the brightest. It is tempting... -
Can Zombie Firms Survive Rising Interest Rates?
Finance & Accounting Digital ArticleThey feast on cheap credit, which is drying up. -
What Managers Get Wrong About Capital
Finance and investing Magazine ArticleWhen measuring the performance of investments, companies need to consider the current value of an asset. -
The Fastest-Growing Cause for Shareholders Is Sustainability
Finance & Accounting ResearchAn analysis of resolutions filed by activist investors. -
Fintech Companies Could Give Billions of People More Banking Options
Social enterprise Digital ArticleConsumers in poor countries especially stand to benefit. -
U.S. Corporations Don’t Need Tax Breaks on Foreign Profits
Business and society Digital ArticleThe money will just end up in shareholders’ pockets. -
When Companies Want to Innovate, But Investors Won’t Let Them
Financial markets ResearchThe innovator’s dilemma is not only caused by customers. -
Managing Differences: The Central Challenge of Global Strategy
Financial markets HBR BestsellerWith the globalization of production as well as markets, you need to evaluate your international strategy. Here’s a framework to help you think through your options. -
Making the World Safe for Markets
Emerging markets Magazine ArticleWhen the poor have no stake in their own economies, mixing democracy and capitalism can be catastrophic.
-
French Pension System: On the Verge of Retirement? (Abridged)
Global Business Case Study11.95View Details Surveys the French pension system, its particular institutional characteristics, and some of the critical challenges and opportunities facing French reformers.... -
Vietnam's Private Sector Development: Mr. Nam's Dilemma
Finance & Accounting Case Study11.95View Details In 2000, Vietnam passed the Enterprise Law to spur private sector development and facilitate its transition from a centrally-planned to a market economy.... -
The October 2009 Petrobras Bond Issue (C)
Finance & Accounting Case Study5.00View Details The Petrobras case explores the debt financing decisions of one of the largest oil companies in the world. The task is to decide on debt issues that are... -
Financial Crisis and the Revolutions of 1848 (A)
Finance & Accounting Case Study11.95View Details On March 15, 1848, the governor of the Bank of France, Antoine d'Argout, faced the potential collapse of his institution. A cascade of agricultural and... -
Singapore Post: Transforming Mail Services in the Internet Age
Sales & Marketing Case Study11.95View 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... -
Nextel Partners: Put Option
Finance & Accounting Case Study11.95View Details Nextel Partners' shareholders have voted to exercise a put option that will require the company's largest shareholder, Sprint Nextel Corp., to purchase... -
Goldman, Sachs & Co.: Nikkei Put Warrants--1989
Finance & Accounting Case Study11.95View Details Japanese financial institutions' willingness to sell put options on the Nikkei Stock Average provides investment banks with the raw material from which... -
Note: Credit Rating Agencies
Finance & Accounting Case Study11.95View Details The note examines the role of credit rating agencies in capital markets, with emphasis on the role of these agencies in the recent credit crisis and recommendations... -
B.F. Goodrich-Rabobank Interest Rate Swap
Finance & Accounting Case Study11.95View Details A U.S. manufacturing organization and a Eurobank swap fixed and floating rate obligations to reduce their financing costs. -
The Market for Consumer Finance
Finance & Accounting Case Study8.95View Details This note describes the market for consumer finance products in the United States. The note focuses on the changes in supply and demand that have occurred... -
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... -
Farallon Capital Management: Risk Arbitrage (A)
Finance & Accounting Case Study11.95View Details Farallon Capital Management, an investment firm that specializes in risk arbitrage, has taken significant long and short positions in MCI Communications... -
Catastrophe Bonds at Swiss Re
Finance & Accounting Case Study11.95View Details In 2002, Swiss Re, the world's second--largest insurance company, is considering securitizing parts of its risk portfolio in the capital markets. This... -
KASB Securities - Reclaiming its Position as a Leading Brokerage of Pakistan
Strategy & Execution Case Study11.95View Details The case examines the situation of KASB Securities during September 2020, more than two years after its re-launch into the market. KASB was a one-time... -
International Securities Exchange: New Ground in Options Markets
Finance & Accounting Case Study11.95View Details This case examines the equity options market and studies the major parties involved and the options trading process. It takes an in-depth look at the... -
BACIA DE CAMPOS
Finance & Accounting Case Study11.95View Details In August 2009, Petrobras announced a new oil discovery in carbonate reservoirs in the Bacia de Campos (Campos Basin). The discovery well was located... -
Square, Inc. IPO
Finance & Accounting Case Study11.95View Details In November 2015, Square, Inc. launched its initial public offering (IPO). The IPO had an offering price of $9 per share, lower than the $11 to $13 estimate... -
The Privatization of Aluminium Bahrain
Finance & Accounting Case Study11.95View Details Privatization of state-owned enterprises represents a significant realm of business for investment banks around the world. It also involves balancing... -
Restating Revenues and Earnings at INVESTools, Inc. (A)
Finance & Accounting Case Study11.95View Details Relates the events leading up to the announcement in February 2005 that INVESTools, a Utah-based provider of investor education services, would be restating...
-
Yes, Short-Termism Really Is a Problem
Business and society Digital ArticleWe don’t need to prove it because we can all see it. -
The Race for Space, and the Invasion of the Electric Scooters
Competitive strategy AudioDoes Space represent a real economic opportunity or are expensive endeavors like SpaceX a form of billionaire hubris? Youngme, Felix and Mihir discuss the Race for Space, before debating the viability of the electric scooter market in cities around the world. -
French Pension System: On the Verge of Retirement? (Abridged)
Global Business Case Study11.95View Details Surveys the French pension system, its particular institutional characteristics, and some of the critical challenges and opportunities facing French reformers.... -
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. -
Vietnam's Private Sector Development: Mr. Nam's Dilemma
Finance & Accounting Case Study11.95View Details In 2000, Vietnam passed the Enterprise Law to spur private sector development and facilitate its transition from a centrally-planned to a market economy.... -
The New Economy Is Stronger Than You Think
Government policy and regulation Magazine ArticleSome people—in particular, panicky policy makers at the Fed—fear that the new economy is a bubble about to burst. They’re dead wrong. Barring any government interference, the new economy is rock solid and here to stay. -
The October 2009 Petrobras Bond Issue (C)
Finance & Accounting Case Study5.00View Details The Petrobras case explores the debt financing decisions of one of the largest oil companies in the world. The task is to decide on debt issues that are... -
How to Spot a Nationalized Bank
Global Business Digital ArticleAs part of the ongoing bailout of Citigroup, it was recently announced that the government's investment of about $25 billion in preferred stock would... -
Financial Crisis and the Revolutions of 1848 (A)
Finance & Accounting Case Study11.95View Details On March 15, 1848, the governor of the Bank of France, Antoine d'Argout, faced the potential collapse of his institution. A cascade of agricultural and... -
How Midsize Companies Can Access Capital in Turbulent Times
Organizational Development Digital ArticleLending to mid-market companies has fallen nearly 60% over the last year.