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All HBS Web
(606)
- People (1)
- News (98)
- Research (443)
- Events (1)
- Multimedia (4)
- Faculty Publications (352)
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- 12 Jul 2016
- First Look
July 12, 2016
internalize the social costs of higher leverage in the form of greater bankruptcy losses (moral hazard) and are subject to a regulatory capital requirement. In contrast, shadow bank liabilities are subject to runs and credit risk and thus...
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Sean Silverthorne
- 09 Mar 2010
- First Look
First Look: March 9
legal event as a natural experiment to examine equity-debt conflicts in the vicinity of financial distress. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in that state. This change limited...
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Martha Lagace
- 07 Apr 2009
- First Look
First Look: April 7, 2009
http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=809012 Groupe Eurotunnel S.A. (A) Harvard Business School Case 209-062 In the summer of 2006, the chairman and CEO of Eurotunnel Group is faced with the decision whether to file for View Details
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Martha Lagace
- April 2017 (Revised February 2020)
- Case
Restructuring Ukraine
By: Kristin Mugford, Seema Amble and Tian Feng
In June 2015, Ukraine found itself struggling with a volatile and devalued currency, dramatically diminished foreign reserves, and a projected financing shortfall of $40 billion. Ukraine’s new government sought to return the nation to stability following political...
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Keywords:
Exchange Rates;
Politics;
Macroeconomics;
Financial Crisis;
Insolvency and Bankruptcy;
Restructuring;
Economy;
Currency Exchange Rate;
Banks and Banking;
Economic Slowdown and Stagnation;
Bonds;
Sovereign Finance;
Capital Markets;
Credit;
Debt Securities;
Financial Liquidity;
Financial Markets;
Government and Politics;
Ukraine
Mugford, Kristin, Seema Amble, and Tian Feng. "Restructuring Ukraine." Harvard Business School Case 217-049, April 2017. (Revised February 2020.)
- 24 Mar 2015
- First Look
First Look: March 24
Sergio Marchionne at Chrysler Chrysler recently exited from the bankruptcy process, with U.S. government support and with Sergio Marchionne as CEO. Now was the time to work out how to create synergies with FIAT; how to improve the current...
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Sean Silverthorne
- June 2011
- Case
Shelley Capital and the Hedge Fund Secondary Market
By: Luis Viceira, Elena Corsi and Ruth Dittrich
An advisory company has to decide how to sell their client's hedge fund holdings in the secondary market, and thinks about their future. Shelley Capital was a a European advisory company operating in the hedge fund secondary market, a market that boosted in 2008 with...
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Keywords:
Insolvency and Bankruptcy;
Investment Funds;
Marketing Strategy;
Financial Crisis;
Sales;
Leadership Development;
Financial Markets;
Crisis Management;
Business Processes;
Risk and Uncertainty;
Globalized Economies and Regions;
Financial Services Industry;
Service Industry;
Europe
Viceira, Luis, Elena Corsi, and Ruth Dittrich. "Shelley Capital and the Hedge Fund Secondary Market." Harvard Business School Case 211-112, June 2011.
- 03 Feb 2015
- First Look
First Look: February 3
telecom company. At the time, Jazztel was near bankruptcy and needed a capital injection to finish the year. Over the next 10 years, Fernández Pujals led the restructuring of Jazztel's debt, reached an agreement with the former monopoly...
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Sean Silverthorne
- 20 Apr 2010
- First Look
First Look: April 20
company's, and his, legacy will be after declaring bankruptcy despite a cultural turnaround and successful operations. Purchase this supplement:http://cb.hbsp.harvard.edu/cb/product/610061-PDF-ENG The Last DVD Format War? Andrei...
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Martha Lagace
- 15 May 2012
- First Look
First Look: May 15
School Case 811-030 In spring 2009, Chrysler entered a prepackaged bankruptcy and exited 40 days later in a deal with Fiat, the U.S. Treasury, and the UAW that kept the automaker alive. Looking forward, what was necessary for Chrysler to...
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Carmen Nobel
- 14 Aug 2007
- First Look
First Look: August 14, 2007
materials industry. USG was otherwise a solvent, growing company. Bankruptcy was an option, but a successful reorganization was by no means assured. How would USG keep its highly motivated (and non-unionized) workforce and continue to...
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Martha Lagace
- April 2006 (Revised December 2006)
- Case
The Barber of Buenos Aires: Argentina's Debt Renegotiation
By: Noel Maurer and Aldo Musacchio
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 debt for new securities worth 35 cents on the dollar, with no recognition of all past-due interest. Many holdouts,...
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Keywords:
Private Sector;
Borrowing and Debt;
Insolvency and Bankruptcy;
International Finance;
Foreign Direct Investment;
Sovereign Finance;
Government and Politics;
Negotiation Tactics;
Outcome or Result;
Situation or Environment;
Argentina
Maurer, Noel, and Aldo Musacchio. "The Barber of Buenos Aires: Argentina's Debt Renegotiation." Harvard Business School Case 706-034, April 2006. (Revised December 2006.)
- 02 Apr 2013
- First Look
First Look: April 2
in the north of Spain, physically separated from it by the Pyrenees Mountains. Presents the history of the region-highly prosperous at the turn of the 20th century but nearing bankruptcy by the 1950s. By 2001, the Basque GDP per capita...
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Sean Silverthorne
- 03 Oct 2013
- Research & Ideas
Lehman Brothers Plus Five: Have We Learned from Our Mistakes?
In September 2008, Lehman Brothers went under—the largest bankruptcy in American history. But that was just the beginning of the story. What followed was the Great Recession, a gargantuan financial crisis that affected the entire world...
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- 22 Jan 2013
- First Look
First Look: Jan. 22
significantly decreases the likelihood of bankruptcy by up to 2.7 times (270%) four years after funding application. Selection also increases the average level of employment by 9.8 to 14.2 more employees for chosen firms, respectively two...
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Sean Silverthorne
- 12 Jul 2010
- Research & Ideas
Rocket Science Retailing: A Practical Guide
and Chrysler combined—and that was true even before GM filed for bankruptcy and Chrysler was merged with Daimler. Retailers should learn from the Big Three's mistakes. Toyota couldn't have beaten them without innovative human resource...
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- 10 Aug 2010
- First Look
First Look: August 10
away (i.e., default). The (B) case describes the decision and the reactions to this decision around the world and presents a new decision on the part of bond holders of Dubai's state-owned holding companies. The (C) case briefly analyzes the advantages and...
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Martha Lagace
- 09 Dec 2008
- First Look
First Look: December 9, 2008
Division Problems Authors:Itai Ashlagi, Emin Karagozoglu, and Bettina Klaus Abstract We consider estate division problems a generalization of bankruptcy problems. We show that in a direct revelation claim game, if the underlying division...
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Martha Lagace
- February 2019 (Revised October 2022)
- Case
Scandal at Steinhoff
By: Kristin Mugford and Phil Caruso
Keywords:
Volatility;
Borrowing and Debt;
Insolvency and Bankruptcy;
Financial Liquidity;
Bonds;
Corporate Accountability;
Failure;
International Finance;
Restructuring;
Business Conglomerates;
Crime and Corruption;
Retail Industry;
South Africa;
Austria;
Netherlands
Mugford, Kristin, and Phil Caruso. "Scandal at Steinhoff." Harvard Business School Case 219-098, February 2019. (Revised October 2022.)
- 31 Jan 2012
- First Look
First Look: Jan. 31
Strömberg Publication:The Review of Financial Studies (forthcoming) Abstract We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy...
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Keywords:
Sean Silverthorne & Carmen Nobel
- 28 Apr 2009
- First Look
First Look: April 28, 2009
in its mortgage portfolio. Following investment bank Lehman Brother's Chapter 11 bankruptcy protection filing in mid-September, the price of Washington Mutual's covered bonds has fallen to 75 per 100 of face value. As these bonds are...
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Martha Lagace