Harvard Business School Module Note 206-127.
Describes the sixth module in the International Finance course at Harvard Business School. The module explores the issues confronting firms that operate in weak institutional environments.
Read MoreValuing Cross-Border Investments: A Module Note→
/Harvard Business School Module Note 206-125.
The module explores how valuation differs in an international context and introduces students to the major issues in cross-border valuations: how to value investments in currencies other than the home currency; how to calculate the appropriate discount rates for projects in different countries; and how and when to incorporate country risk into valuations.
Read MoreExchange Rates and Firms: A Module Note→
/Harvard Business School Module Note 206-123.
Describes a core module in the International Finance course at Harvard Business School. The module focuses on how firms identify, measure, and manage currency exposures.
Read MoreExchange Rates and Global Markets: A Module Note→
/Harvard Business School Module Note 206-122.
Describes the first module of the International Finance course at Harvard Business School.
Read MoreInternational Finance: A Course Overview Note→
/Harvard Business School Course Overview Note 206-107
Describes the International Finance course at Harvard Business School, which argues that the forces of globalization have fundamentally changed the scope and activities of firms, thereby altering the practice of finance within these firms.
Read MoreInternational Finance: A Casebook
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These case studies offer a unique perspective on making financial decisions in a globalizing world.
Read MoreTaxation and Multinational Activity: New Evidence, New Interpretations
/(w/ C. F. Foley and J. R. Hines Jr.) Survey of Current Business 86, no. 2 (February 2006), 16-22.
Read MoreDo Tax Havens Divert Economic Activity?→
/Economic Letters (w/ C. F. Foley and J. R. Hines Jr.) 90, no. 2 (February 2006), 219-224.
When multinational firms expand their operations in tax havens, do they divert activity from non-havens?
Read MoreEarnings Manipulation, Pension Assumptions and Managerial Investment Decisions→
/(w/ D. Bergstresser and J. Rauh) Quarterly Journal of Economics 121, no. 1 (February 2006), 157-195.
Managers appear to manipulate firm earnings through their characterizations of pension assets to capital markets and alter investment decisions to justify, and capitalize on, these manipulations.
Read MoreForeign Exchange Hedging Strategies at General Motors: Transactional and Translational Exposures→
/(w/ M. Veblen) HBS Case 205-095.
How should a multinational firm manage foreign exchange exposures? Examines transactional and translational exposures and alternative responses to these exposures by analyzing two specific hedging decisions by General Motors.
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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.