Employment Effects of Alleviating Financing Frictions: Worker-level Evidence from a Loan Guarantee Program

Boris  Vallée; Julien  Sauvagnat; Thorsten  Martin; Jean-Noel  Barrot

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Working Paper | 2020

Employment Effects of Alleviating Financing Frictions: Worker-level Evidence from a Loan Guarantee Program

by Boris Vallée, Julien Sauvagnat, Thorsten Martin and Jean-Noel Barrot

Keywords: Labor; France;

Language: English

Format: Print

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Citation:

Vallée, Boris, Julien Sauvagnat, Thorsten Martin, and Jean-Noel Barrot. "Employment Effects of Alleviating Financing Frictions: Worker-level Evidence from a Loan Guarantee Program." Working Paper, February 2020.

About the Author

Boris Vallee

Torstein Hagen Associate Professor of Business Administration

Finance

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Case | HBS Case Collection | March 2016 (Revised November 2020)

Tableau

Boris Vallee

Matrix Capital Management, a long-short equity hedge fund based in Waltham, Massachusetts, is assessing its investment in Tableau, a data visualization company. Tableau, which conducted an IPO a few years ago, has been experiencing substantial growth as it aims at disrupting the business intelligence software market. Matrix's investment management team is attracted by two key features of the tech company: the large addressable market and the potential to emerge as a leader in this market. However, after hitting an all-time high in the first quarter of 2015, Tableau's share price began trading down, and by September of that year the stock was trading down year-to-date. Matrix's management team wonders whether the recent market volatility presents an opportunity to add to their existing long position. This case highlights a variety of methodologies to valuate a high-growth company in the tech sector and illustrates the challenge of living up to high market expectations.

Keywords: hedge fund; long-short equity; growth investing; Growth and Development Strategy; Investment; Valuation; Technology; Technology Industry; Waltham;

Citation:
Vallee, Boris. "Tableau." Harvard Business School Case 216-045, March 2016. (Revised November 2020.) View Details

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Teaching Note | HBS Case Collection | June 2017 (Revised November 2020)

Tableau

Boris Vallee and Botir Kobilov

Teaching Note for HBS No. 216-045.

Keywords: hedge fund; long-short equity; growth investing; Growth and Development Strategy; Investment; Valuation; Technology; Technology Industry; Waltham;

Citation:
Vallee, Boris, and Botir Kobilov. "Tableau." Harvard Business School Teaching Note 217-074, June 2017. (Revised November 2020.) View Details

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Case | HBS Case Collection | October 2020

A Case in Point: Shared Home Equity

Daniel Green, Boris Vallee, Sid Beaumaster and Yang (Dolly) Yu

Keywords: real estate;

Citation:
Green, Daniel, Boris Vallee, Sid Beaumaster, and Yang (Dolly) Yu. "A Case in Point: Shared Home Equity." Harvard Business School Case 221-026, October 2020. View Details

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Employment Effects of Alleviating Financing Frictions: Worker-level Evidence from a Loan Guarantee Program

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