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• Case | HBS Case Collection | 2013 (Revised from original 2012 version)

  Grantham, Mayo, and Van Otterloo, 2012: Estimating the Equity Risk Premium

  Samuel Hanson, Erik Stafford and Luis Viceira

  Keywords: investment banking; Equity Valuation;

  Citation:

  Hanson, Samuel, Erik Stafford, and Luis Viceira. "Grantham, Mayo, and Van Otterloo, 2012: Estimating the Equity Risk Premium." Harvard Business School Case 213-051, February 2013. (Revised from original October 2012 version.)

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• Supplement | HBS Case Collection | 2013

  Grantham, Mayo, and Van Otterloo, 2012: Estimating the Equity Risk Premium (CW)

  Samuel Gregory Hanson, Erik Stafford and Luis M. Viceira

  Citation:

  Hanson, Samuel Gregory, Erik Stafford, and Luis M. Viceira. "Grantham, Mayo, and Van Otterloo, 2012: Estimating the Equity Risk Premium (CW)." Harvard Business School Spreadsheet Supplement 213-717, February 2013.

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• Case | HBS Case Collection | 2013

  The Private Company Council

  Karthik Ramanna and Luis M. Viceira

  Financial Accounting Foundation chairman Jack Brennan is under pressure from private-company interests to set up a new body—the Private Company Council—to determine separate GAAP for private companies. PCC advocates—including the US Chamber of Commerce—argue that traditional US GAAP has too many disclosure and fair-value requirements that impose very high compliance costs on private companies. But there are influential players—including the Big Four auditors—who oppose creating the PCC. They argue that the compliance costs of traditional GAAP are the price of high-quality accounting standards. Balancing these powerful interests, Brennan must make a decision on the PCC; at stake is US GAAP's ability to facilitate capital allocation decisions in the economy.

  Keywords: FASB; leadership; lobbying; political economy; Accounting; Government and Politics; Leadership; Financial Markets; Accounting Industry; Financial Services Industry; Public Administration Industry;

  Citation:

  Ramanna, Karthik, and Luis M. Viceira. "The Private Company Council." Harvard Business School Case 113-045, January 2013.

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