Professor of Finance and Law
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.
(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 More(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 MoreSubcommittee on Select Revenue Measures, Committee on Ways and Means, House of Representatives, Washington DC.
Read More(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 More(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 MoreHarvard 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 More(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 MoreTax Notes 110, p. 1079-1092
Read More(w/ C. F. Foley and J. R. Hines Jr.) Journal of Public Economics 90, no. 3 (March 2006), 513-531.
What types of firms establish tax haven operations, and what purposes do these operations serve?
Read MoreHarvard Business School Module Note 206-128.
Describes the seventh module in the International Finance course at Harvard Business School. The module focuses on how national and international regulatory regimes influence financial decisions.
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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.
Mizuho Financial Group Professor of Finance, Harvard Business School, Professor of Law, Harvard Law School