Harvard Corporate Governance

OCTOBER 17, 2023

In 2003, a group of approximately two dozen lawyers specializing in venture capital (VC) finance embarked on a mission to standardize the financing documents utilized by VC firms for investments in US-based startups. For this reason, central to the NVCA financing documents is the NVCA model charter. more…)

Finance 311

Finance Equity 311

Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. In my view, corporate finance jobs are not ideal “stepping stone roles.”

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Harvard Corporate Governance

AUGUST 13, 2024

This post is based on their recent article published in the Journal of Financial Economics.

Finance 277

Finance Equity Marketability 277

Harvard Corporate Governance

SEPTEMBER 8, 2024

In this report, we highlight the top five priorities—cybersecurity, enterprise risk management, finance and internal audit talent, compliance with laws and regulations, and finance transformation—that were identified by audit committee members who participated in the survey. more…)

Compliance 297

Compliance Finance 297

Harvard Corporate Governance

JANUARY 17, 2024

Lewent (1972) and Mark Shapiro Career Development Assistant Professor of Finance and an Assistant Professor of Finance at the MIT Sloan School of Management. The academic literature on entrepreneurial finance has largely treated investors and entrepreneurs as distinct identities. This post is based on their recent paper.

Finance 235

Finance Banking 235

Harvard Corporate Governance

FEBRUARY 2, 2024

This post is based on their working paper.

Corporate Finance 289

Corporate Finance Finance Equity Marketability 289

Harvard Corporate Governance

APRIL 13, 2023

Gözlügöl is an Advanced Researcher of the Cluster Law and Finance, Julian Greth is a Ph.D. Student and a Junior Researcher of the Cluster Law and Finance, and Tobias H. In particular, financial history shows various boom-and-bust periods in private market activity (see Kaplan & Strömberg, 2009 ). more…)

Corporate Finance 239

Corporate Finance Marketability Finance 239

Harvard Corporate Governance

MARCH 27, 2024

Time to rethink retirement When my mom passed away in 2012, my dad started to decline quickly, and my brother and I had to go through my parents’ bills and finances. Because going over their finances showed me something about my own career in finance. Fink’s annual letter to investors. Why am I writing about my parents?

Finance 65

Finance Banking Marketability 65

Mckinsey and Company

JULY 18, 2024

In a new survey, CFOs report a growing focus on longer-term planning and high expectations for technology, including generative AI.

Finance 145

Finance Technology Corporate Finance 145

Harvard Corporate Governance

AUGUST 14, 2024

Posted by Zacharias Sautner (University of Zurich), on Wednesday, August 14, 2024 Editor's Note: Zacharias Sautner is a Professor of Sustainable Finance at the University of Zurich. However, the link between biodiversity and finance has received little attention by academics.

Finance 229

Finance Banking Marketability 229

Harvard Corporate Governance

OCTOBER 21, 2024

Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Yang Sun is an Assistant Professor of Finance at Brandeis International Business School. This post is based on their recent paper. Households in the U.S.

Finance 236

Finance Technology Marketability 236

Harvard Corporate Governance

JANUARY 25, 2023

For example, debt capital markets account for 80 percent of financing for non-financial corporations in the United States. New financial technologies continue to change the face of finance for investors and businesses. Companies and investors access the U.S. The United States cannot take its remarkable capital markets for granted.

Finance 298

Finance Banking Marketability Technology 298

Harvard Corporate Governance

AUGUST 8, 2024

In The Credit Markets Go Dark , we describe how private credit funds are reshaping corporate governance and corporate finance and offer new data capturing its meteoric rise. trillion in 2023.

Marketability 240

Marketability Corporate Finance Equity Finance 240

Harvard Corporate Governance

JANUARY 18, 2024

This post is based on their paper. Related research from the Program on Corporate Governance includes Why Firms Adopt Antitakeover Arrangements by Lucian A.

Finance 289

Finance Marketability 289

Harvard Corporate Governance

MARCH 13, 2023

Posted by Alex Edmans (London Business School), on Monday, March 13, 2023 Editor's Note: Alex Edmans is Professor of Finance at London Business School. One justification for shooting from the hip is that ESG is so new, and traditional finance research so focused on shareholder value, that there is no research to guide us.

Finance 278

Finance 278

Harvard Corporate Governance

OCTOBER 8, 2024

This post is based on their recent paper.

Finance 222

Finance 222

Harvard Corporate Governance

JULY 16, 2024

This post is based on their recent article forthcoming in the American Economic Review. The dominance of large firms in the US economy has drawn growing attention in recent years. From Walmart to Apple, many salient examples point to the prominence of large companies in day to day life.

Finance 214

Finance Technology 214

Financial Times M&A

NOVEMBER 25, 2024

Joint venture for pipeline stakes is latest example of companies using private capital firms for balance sheet relief

Finance 111

Finance 111

Harvard Corporate Governance

JUNE 8, 2023

Kölbel is Assistant Professor of Sustainable Finance at the University of St. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A. Bebchuk and Roberto Tallarita ; How Much Do Investors Care about Social Responsibility?

Finance 251

Finance 251

Harvard Corporate Governance

SEPTEMBER 22, 2022

Rates and financing costs to increase. The increasing interest rate environment has, and will inevitably continue, to make deal financing more costly as spreads widen. Leveraged loans and high-yield bonds are at the riskier end of the curve, and PE firms rely heavily on this financing.

Finance 247

Finance EBITDA Equity Marketability 247

Harvard Corporate Governance

JUNE 27, 2023

It is no exaggeration to say that over its roughly forty-year history, private equity has revolutionized both corporate finance and corporate governance. Understanding how private equity funds themselves are structured and incentivized is therefore crucial for understanding how the private equity industry behaves and affects global finance.

Corporate Finance 230

Corporate Finance Finance Equity Marketability 230

Harvard Corporate Governance

JULY 30, 2024

Posted by Dennis West (University of Oxford), and Dimitrij Euler (Value Balancing Alliance), on Tuesday, July 30, 2024 Editor's Note: Dennis West is a PhD Candidate at the University of Oxford and Dimitrij Euler is Director of Sustainable Finance at Value Balancing Alliance. This post is based on their recent report.

Finance 278

Finance Compliance 278

Harvard Corporate Governance

APRIL 17, 2022

This post highlights five areas of focus—financial reporting and controls; enterprise risk management; environmental, social, and governance; cyber risk; and digital finance transformation—that likely will be recurring topics of discussion for audit committees in 2022. With these large-scale changes comes an increased risk for fraud.

Finance 324

Finance Technology 324

Harvard Corporate Governance

FEBRUARY 1, 2023

Nigro (Goethe University, CAS on the Foundations of Law and Finance), on Wednesday, February 1, 2023 Editor's Note: Bo Bian is an Assistant Professor in Finance at the University of British Columbia; Yingxiang Li is a PhD Candidate in Finance at the University of British Columbia; and Casimiro A.

Start-ups 235

Start-ups Finance 235

Harvard Corporate Governance

APRIL 27, 2023

This post is based on their recent paper. Our study ( Does Board Size Matter?

Finance 259

Finance 259

Harvard Corporate Governance

MAY 9, 2024

Garff Chaired Professor in the Finance department at the University of Utah’s David Eccles School of Business. Nataliya Gerasimova is an Associate Professor of Finance at the Norwegian Business School. Maximilian Rohrer is an Assistant Professor of Finance at the Norwegian School of Economics.

Finance 213

Finance 213

Harvard Corporate Governance

JUNE 22, 2023

Fich is Professor of Finance at Drexel University LeBow College of Business, Robert Parrino is Professor of Finance at the University of Texas at Austin, and Anh L. Tran is a Professor of Finance at City University of London Bayes School of Business.

Finance 265

Finance 265

Harvard Corporate Governance

MAY 22, 2023

Myers-Horn Family Professor of Finance at MIT Sloan School of Management, and Igor Makarov is Associate Professor of Finance at the London School of Economics and Political Science. This post is based on their recent paper.

Treasury 250

Treasury Finance Technology Marketability 250

Harvard Corporate Governance

NOVEMBER 16, 2022

When used in financing agreements, R&Ws are assertions by a borrower to the lender about the borrower’s financial condition, its ability to repay the financing, and the quality of the collateral. When used in asset-sale agreements, R&Ws are assertions by a seller to the buyer about the quality of the assets being sold.

Finance 235

Finance 235

Harvard Corporate Governance

JUNE 15, 2022

Posted by Stephan Siegel (University of Washington), on Wednesday, June 15, 2022 Editor's Note: Stephan Siegel is Professor of Finance and Business Economics at the University of Washington. Stagnant middle-class wages but rapidly-increasing incomes by high earners have led to a growing debate about income inequality in the U.S.

Equity 229

Equity Marketability Finance 229

Harvard Corporate Governance

AUGUST 18, 2022

Posted by Kristina Minnick (Bentley University), on Thursday, August 18, 2022 Editor's Note: Kristina Minnick is Stanton Professor of Finance at Bentley University. Starks , Professor of Finance at the University of Texas at Austin McCombs School of Business. This post is based on a recent paper by Professor.

Finance 240

Finance Marketability 240

Harvard Corporate Governance

OCTOBER 24, 2023

This post is based on their recent paper.

Finance 243

Finance Firm Value Technology 243

Harvard Corporate Governance

AUGUST 9, 2023

Posted by Baozhong Yang (Georgia State University), on Wednesday, August 9, 2023 Editor's Note: Baozhong Yang is an Associate Professor of Finance at Georgia State University. Understanding corporate policies is central to corporate finance. Understanding corporate policies is central to corporate finance.

Corporate Finance 214

Corporate Finance Finance Marketability 214

Harvard Corporate Governance

APRIL 11, 2024

Wagner is a Professor of Finance at the University of Zurich. This post is based on their article forthcoming in the Review of Finance. Gallen, and Alexander F. How should investors behave in the face of climate–related risks and the energy transition to a low carbon world?

Finance 221

Finance 221

Harvard Corporate Governance

MARCH 29, 2024

Pagnotta (Singapore Management University), on Friday, March 29, 2024 Editor's Note: Marcin Kacperczyk is Professor of Finance at Imperial College London, and Emiliano S. Pagnotta is an Associate Professor of Finance at Singapore Management University. This post is based on their article published in the Journal of Finance.

Finance 221

Finance Marketability 221

Harvard Corporate Governance

MARCH 6, 2023

Lucian Bebchuk is James Barr Ames Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance, Harvard Law School. Alma Cohen is Professor of Empirical Practice, Harvard Law School. Allen Ferrell is Harvey Greenfield Professor of Securities Law, Harvard Law School.

Finance 240

Finance 240

Harvard Corporate Governance

AUGUST 8, 2022

Byrnes Professor of Accounting and Auditing at Columbia Business School; and Jing Xie is Assistant Professor of Finance at Hong Kong Polytechnic University School of Accounting and Finance. operating, investing, and financing activities) of these companies. This post is based on their recent paper. more…).

Finance 247

Finance Marketability 247