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Show Results For
-
All HBS Web
(3,242)
- People (10)
- News (491)
- Research (2,126)
- Events (15)
- Multimedia (3)
- Faculty Publications (766)
- 08 Feb 2019
- Working Paper Summaries
Platform Systems vs. Step Processes—The Value of Options and the Power of Modularity
Keywords:
by Carliss Y. Baldwin
- June 2007 (Revised January 2009)
- Case
Nextel Partners: Put Option
By: Timothy A. Luehrman and Douglas Scott
Nextel Partners' shareholders have voted to exercise a put option that will require the company's largest shareholder, Sprint Nextel Corp., to purchase all the shares it does not already own. However, the put option does not stipulate a price to be paid, but rather a...
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Luehrman, Timothy A., and Douglas Scott. "Nextel Partners: Put Option." Harvard Business School Case 207-128, June 2007. (Revised January 2009.)
- November 2013
- Teaching Note
Larry Steffen: Valuing Stock Options in a Compensation Package (Brief Case)
By: William E. Fruhan and Craig Stephenson
- 1986
- Other Unpublished Work
Capital Flight, Policy Credibility, and the Option Value of Foreign Exchange
By: K. A. Froot and S. van Wijnbergen
- December 2001
- Exercise
Exercise on Employee Stock Option Dilution
By: Brian J. Hall
Discusses the effects of option dilution on stock prices and shareholder value. To simplify the example and isolate the complexity of option dilution, we make a number of simplifying assumptions.
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Keywords:
Stocks;
Price;
Employee Stock Ownership Plan;
Business and Shareholder Relations;
Complexity;
Value
Hall, Brian J. "Exercise on Employee Stock Option Dilution." Harvard Business School Exercise 902-162, December 2001.
- March 2001
- Background Note
Valuing the Option Component of Debt and Its Relevance to DCF-Based Valuation Methods
The flows-to-equity or equity cash flows valuation method is a discounted cash flow method used to estimate the equity portion of the capital structure. It is closely related to the venture capital/buyout valuation method, which estimates the IRR of the stream of cash...
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Meulbroek, Lisa K. "Valuing the Option Component of Debt and Its Relevance to DCF-Based Valuation Methods." Harvard Business School Background Note 201-110, March 2001.
- December 2010 (Revised July 2011)
- Supplement
DoubleClick, Inc.: Additional Paid-in-CapitalStock Options
By: David F. Hawkins
Income statement and balance sheet consequences of DoubleClick adoption of the fair value method to account for stock options.
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- Article
The Effect of Institutional Factors on the Value of Corporate Diversification
By: Venkat Kuppuswamy, George Serafeim and Belen Villalonga
Using a large sample of diversified firms from 38 countries we investigate the influence of several national-level institutional factors or 'institutional voids' on the value of corporate diversification. Specifically, we explore whether the presence of frictions in a...
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Keywords:
Diversification Discount;
Institutions;
Labor Market;
Competition;
Human Capital;
Diversification;
Value;
Capital Markets
Kuppuswamy, Venkat, George Serafeim, and Belen Villalonga. "The Effect of Institutional Factors on the Value of Corporate Diversification." Advances in Strategic Management 31 (2014).
- 2021
- Working Paper
The Value of Data and Its Impact on Competition
By: Marco Iansiti
Common regulatory perspective on the relationship between data, value, and competition in online platforms has increasingly centered on the volume of data accumulated by incumbent firms. This view posits the existence of "data network effects," where more data leads to...
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Keywords:
Online Platforms;
Data Network Effects;
Analytics and Data Science;
Value;
Competition;
Digital Platforms
Iansiti, Marco. "The Value of Data and Its Impact on Competition." Harvard Business School Working Paper, No. 22-002, July 2021.
- October 2001 (Revised November 2005)
- Case
eBay, Inc.: Stock Option Plans (A)
The footnote disclosure for eBay, Inc. in 2000 indicates that if the company had accounted for employee stock options under the fair value method, its reported profit of $48 million would have been a loss of $91 million. The protagonist is a prospective member of the...
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Bradshaw, Mark T. "eBay, Inc.: Stock Option Plans (A)." Harvard Business School Case 102-038, October 2001. (Revised November 2005.)
- July 2017
- Article
The Impact of 'Display-Set' Options on Decision-Making
By: Uma R. Karmarkar
The way a choice set is constructed can have a significant influence on how individuals perceive and evaluate their options and make decisions between them. Here, I examine whether a “display set” of visible but unavailable options can exert these same types of...
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Keywords:
Decision Making Process;
Heuristics;
Similarity;
Categorization;
Marketing Insight;
Marketing;
Choice;
Choice Architecture;
Choice Sets;
Display;
Retail;
Consumer Behavior;
Decision Choices and Conditions;
Decisions;
Decision Making;
Retail Industry;
Consumer Products Industry
Karmarkar, Uma R. "The Impact of 'Display-Set' Options on Decision-Making." Journal of Behavioral Decision Making 30, no. 3 (July 2017): 744–753.
- January 2011 (Revised July 2011)
- Case
Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants
By: David F. Hawkins
Analyst questions the value of accounting measurement of earnings per share and stock option costs for equity valuation purposes.
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Keywords:
Earnings Management;
Business Earnings;
Employee Stock Ownership Plan;
Stock Shares;
Employee Ownership;
Stock Options;
Equity;
Accounting Audits;
Valuation;
Profit Sharing;
Accounting Industry
Hawkins, David F. "Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants." Harvard Business School Case 111-087, January 2011. (Revised July 2011.)
- November 2013
- Supplement
Larry Steffen: Valuing Stock Options in a Compensation Package, Spreadsheet for Students (Brief Case)
By: William E. Fruhan and Craig Stephenson
- March 1982
- Article
The Effect of Discretionary Price Control Decisions on Equity Values
By: R. S. Ruback
Ruback, R. S. "The Effect of Discretionary Price Control Decisions on Equity Values." Journal of Financial Economics 10, no. 1 (March 1982): 83–105.
- February 2006 (Revised October 2006)
- Case
Veridian: Putting a Value on Values
By: Rakesh Khurana, Joel Podolny and Jaan Margus Elias
David Langstaff, the CEO of Veridian, a defense company, struggles with the decision of selling the company. Langstaff has concerned himself with inculcalating his organization with the values necessary for superior achievement over the long term. But as a fiduciary,...
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Keywords:
Cash;
Corporate Governance;
Financial Markets;
Law;
Leadership;
Patents;
Values and Beliefs;
Service Industry;
Aerospace Industry
Khurana, Rakesh, Joel Podolny, and Jaan Margus Elias. "Veridian: Putting a Value on Values." Harvard Business School Case 406-028, February 2006. (Revised October 2006.)
- April 2005 (Revised February 2006)
- Background Note
Note on Option Valuation
For every option, a fair price has to be established. But how do you actually price an option? Assuming a basic knowledge of options, this note covers two pricing methods: the binominal tree and the Black-Scholes/Merton formula.
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Chacko, George C., Peter A. Hecht, Vincent Dessain, and Anders Sjoman. "Note on Option Valuation." Harvard Business School Background Note 205-106, April 2005. (Revised February 2006.)
- 19 May 2003
- Research & Ideas
Expensing Options Won’t Hurt High Tech
received for those options. Considering that the market systematically puts a higher value on options than employees do, companies are likely to end up with more cash from the sale of externally issued View Details
- 19 Apr 2016
- News
Yahoo Considers Options for a Sale
- 09 May 2000
- Research & Ideas
Stock Options Are Not All Created Equal
nearly 80,000 options, which has a Black Scholes value of $2.8 million (equivalent to the next present value of $1 million per year for three years). Shifts in stock price have a dramatic View Details
Keywords:
by Brian Hall
- Article
Value of New Performance Information in Healthcare: Evidence from Japan
By: Susanna Gallani, Takehisa Kajiwara and Ranjani Krishnan
Mandatory measurement and disclosure of outcome measures are commonly used policy tools in
healthcare. The effectiveness of such disclosures relies on the extent to which the new information produced by the mandatory system is internalized by the healthcare...
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Keywords:
Value Of Information;
Feedback;
Patient Satisfaction;
Healthcare;
Health Care and Treatment;
Satisfaction;
Information;
Measurement and Metrics;
Performance Improvement
Gallani, Susanna, Takehisa Kajiwara, and Ranjani Krishnan. "Value of New Performance Information in Healthcare: Evidence from Japan." International Journal of Health Economics and Management 20, no. 4 (December 2020): 319–357.