HBS Bulletin
Since when do the taxman and the shareholder agree? IRS Commissioner Mark Everson and SEC Chairman Christopher Cox (MBA ’76) have advanced a simple, but controversial proposal.
Read MoreConstraining Managers without Owners: Governance of the Not-for-Profit Enterprise→
/(w/ R. Yetman) NBER Working Paper No. 11140
This paper develops state-level indices of governance environment facing not-for-profits and examines the effects of these rules on not-for-profit behavior.
Read MoreUnderstanding Economic Value Added→
/(w/ F. Ferri and S. Treadwell) Harvard Business School Background Note 206-016.
Explores the concept of economic value added (EVA) and its practical applications as a management control system for performance measurement and incentive compensation.
Read MoreFinancial Constraints and Growth: Multinational and Local Firm Responses to Currency Depreciations→
/(w/ C. F. Foley and K. J. Forbes) Review of Financial Studies 21:6 (November 2008), 2857-2888.
This paper examines how financial constraints and product market exposures determine the response of multinational and local firms to sharp depreciations.
Read MoreTestimony: Reform Alternatives for the Corporate Tax
/Subcommittee on Select Revenue Measures, Committee on Ways and Means, House of Representatives, Washington DC.
Read MoreNestlé and Alcon: The Value of A Listing→
/(w/ A. Sjöman and V. Dessain) HBS Case 205-056.
In response to a perceived undervaluation by the capital markets, Nestle is considering divesting a part of its ophthalmology subsidiary, Alcon, and must decide on a listing location.
Read MoreCzech Mate: Expropriation and Investor Protection in a Converging World→
/(w/ A. Moel) Review of Finance 12:1 (2008), 221-251.
This paper examines the expropriation of a foreign investor by a local partner and the subsequent resolution of that case through international arbitration in favor of the investor.
Read MoreCross-Border Financial Opportunities: A Module Note→
/Harvard Business School Module Note 206-126.
Describes the fifth module in the International Finance course at Harvard Business School. This module explores how segmented capital markets create financing opportunities for firms and the mechanisms that evolve to take advantage of those opportunities.
Read MoreDow Chemical’s Bid for the Privatization of PBB in Argentina→
/(w/ A. de Royere, M. Veblen and K. Luchs) HBS Case 204-021.
What price should Dow Chemical bid for PBB, a petrochemical complex that is being privatized by the Argentine government?
Read MoreTaxing Corporate Capital Gains→
/Tax Notes 110, p. 1079-1092
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Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.