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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 […] -
6 Factors That Determine Your Company’s Valuation
Corporate finance Digital ArticleInvestors have a quantitative understanding of how the market values a company. Management teams should too. -
The Art of Commerce
Business history Magazine ArticleThe story of a royal trading company comes to life on an 18th-century stock certificate. -
Bridging the Gap Between Capital Providers and Midsize Companies
Mergers and acquisitions Digital ArticleMidsize companies are underserved and overcharged by financial providers — but they don’t have to be. -
Capitalism Won’t Thrive on Value Investing Alone
Finance and investing Digital ArticleThe economy needs careful decision-makers as well as risk-takers. -
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. -
How Blockchain Applications Will Move Beyond Finance
Finance & Accounting Digital ArticleAny type of digital asset can be tracked and traded. -
Should U.S. Policymakers Force Banks to Waive Overdraft Fees During the Crisis?
Business and society Digital ArticleResearch finds that these fees are an outsized source of revenue for banks in poor communities. -
The Forgotten Strategy
Financial markets Magazine ArticleMost of modern global strategy focuses on minimizing differences between countries. Perhaps it’s time to dust off approaches that exploit those differences as well. -
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. -
Vision Statement: How This First Lady Moves Markets
Financial markets Magazine ArticleData by David Yermack; visualization by Open. Click here for a larger image of the graphic. Related slideshow: The Michelle Obama Effect Michelle Obama creates an unprecedented amount of value for the companies that make and sell the clothes she wears. HBR spoke to Yermack to find out why. The effect of Obama’s fashion choices […] -
The Fastest-Growing Cause for Shareholders Is Sustainability
Finance & Accounting ResearchAn analysis of resolutions filed by activist investors. -
What Private Equity Investors Think They Do for the Companies They Buy
Finance & Accounting Digital ArticleThey don't use the financial tools they learned in B-school. -
Wall Street Is No Friend to Radical Innovation
Innovation Magazine ArticleTo the list of reasons to resent Wall Street, now add another: It’s a wet blanket on innovation. A new study by Mary Benner of the Wharton School (published this year in Organization Science) examines the way securities analysts research and report on incumbent firms in industries undergoing disruptive change. She finds that analysts tend […] -
4 Big Economic Questions Now Facing the EU
National competitiveness Digital ArticleAn attempt to categorize the unknown. -
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. -
Six Ways Companies Mismanage Risk
Risk management Magazine ArticleAs investors tot up their losses from the financial crisis, many will be asking themselves, How did Wall Street mess up so badly? What went wrong with all those complicated models? Even back in November 2007, before the crisis had really hit the stock markets, one commentator in the Financial Times wrote, “It is obvious […] -
Japan Is Counting on Shareholder Activism to Improve Its Economy
Organizational Development Digital ArticleReform is the carrot; activist investors are the stick. -
When Star CEOs and Star Analysts Disagree, the Market Trusts the Analysts
Leadership Digital ArticleInvestors don’t weigh reputations equally. -
Why CEOs Surround M&A Announcements with Unrelated Good News
Strategy & Execution ResearchIt's a distraction tactic, according to one study.
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IDFC India: Infrastructure Investment Intermediaries
Finance & Accounting Case Study8.95View Details Indian financial intermediary matching international capital to local infrastructure decides how to balance range of services, risk-adjusted return, margin... -
Leland O'Brien Rubinstein Associates, Inc.: SuperTrust
Finance & Accounting Case Study8.95View Details Leland O'Brien Rubinstein Associates, Inc. (LOR), which profited by selling portfolio insurance to institutional investors, attempts to rebuild itself... -
Mondavi Winery
Communication Case Study8.95View Details Examines Mondavi Winery's struggle to communicate its value proposition to the market following an apparently successful IPO. The Mondavi Winery had a... -
CML Group, Inc.: Going Public (B)
Innovation & Entrepreneurship Case Study5.00View Details Contains a description of some issues confronting management of CML Group as the company progresses toward making an initial public offering. Among the... -
Ensuring Your Family's Future: The Alagil Family Office
Innovation & Entrepreneurship Case Study8.95View Details Muhammad Alagil was a second-generation leader in the well-known Alagil Family Group of businesses in Saudi Arabia and co-founder and chairman of its... -
Royal DSM: From Continuous Transformation to Organic Growth
Strategy & Execution Case Study8.95View Details Royal DSM CEO Feike Sijbesma was pondering the challenges of shifting DSM's global organization from the constant transformations of the past 100 years... -
Note on Basic Option Properties
Finance & Accounting Case Study8.95View Details Options are contracts that give the right, but not the obligation, to either buy or sell a specific underlying security for a specified price on or before... -
Barbara Krakow Gallery
Strategy & Execution Case Study8.95View Details The Barbara Krakow Gallery is a successful contemporary art gallery located in Boston. It utilizes a very rare "no haggle pricing" strategy and extended... -
When More Is Not Better: Overcoming America's Obsession with Economic Efficiency
30.00View Details American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance.... -
Yale University Investments Office: July 2000
Finance & Accounting Case Study8.95View Details David Swensen, chief investment officer at Yale University, reviews the $10 billion endowment strategy, that places an unusually heavy emphasis on private... -
Fischer Francis Trees & Watts
Finance & Accounting Case Study8.95View Details Fisher Francis Trees & Watts is a New York fixed-income investment management firm. A portfolio manager needs to purchase $375 million of 5-year notes... -
Caterpillar Inc. Taps the Chinese Bond Market
Finance & Accounting Case Study8.95View Details An MBA graduate prepares for a possible interview with Caterpillar Inc. by reading about the company's longtime presence in China manufacturing heavy... -
Novo Industri A/S--1981, Spanish Version
Finance & Accounting Case Study8.95View Details This small but rapidly growing Danish biochemical company must choose among several financing opportunities that include a convertible Eurobond, a rights... -
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... -
Mastercard: Creating a World Beyond Cash
Strategy & Execution Case Study8.95View Details In late 2021, Mastercard CEO Michael Miebach and Chairman and former CEO Ajaypal "Ajay" Banga considered how Mastercard could best position itself for... -
Generation Investment Management: 2016
Finance & Accounting Case Study8.95View Details -
Note on Foreign Exchange
Finance & Accounting Case Study8.95View Details Describes the operation of foreign exchange markets, including bid-offer spreads, cross rates, reciprocal rates, and forward rates. Provides several examples... -
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... -
Communications Satellite Corp., Spanish Version
Finance & Accounting Case Study8.95View Details Describes the FCC hearings which were designed to determine Comsat's cost of equity. Comsat's risks are examined, and expert testimony is given. Objective... -
Bill Miller and Value Trust
Finance & Accounting Case Study8.95View Details Set in the autumn of 2005, this case recounts the remarkable performance record of Value Trust, a mutual fund managed by William H. "Bill" Miller III...
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Making Smart Investments: A Beginner’s Guide
Costing 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 […] -
6 Factors That Determine Your Company’s Valuation
Corporate finance Digital ArticleInvestors have a quantitative understanding of how the market values a company. Management teams should too. -
The Art of Commerce
Business history Magazine ArticleThe story of a royal trading company comes to life on an 18th-century stock certificate. -
Bridging the Gap Between Capital Providers and Midsize Companies
Mergers and acquisitions Digital ArticleMidsize companies are underserved and overcharged by financial providers — but they don’t have to be. -
Capitalism Won’t Thrive on Value Investing Alone
Finance and investing Digital ArticleThe economy needs careful decision-makers as well as risk-takers. -
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. -
How Blockchain Applications Will Move Beyond Finance
Finance & Accounting Digital ArticleAny type of digital asset can be tracked and traded. -
Should U.S. Policymakers Force Banks to Waive Overdraft Fees During the Crisis?
Business and society Digital ArticleResearch finds that these fees are an outsized source of revenue for banks in poor communities. -
The Forgotten Strategy
Financial markets Magazine ArticleMost of modern global strategy focuses on minimizing differences between countries. Perhaps it’s time to dust off approaches that exploit those differences as well.