Faculty and Research

Books

Gilson, S. C. Creating Value through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups. John Wiley & Sons, 2001.

Published Papers

Bower, Joseph L., and Stuart C. Gilson. "The Social Cost of Fraud and Bankruptcy." Harvard Business Review 81, no. 12 (December 2003): 20-22.

Gilson, S. C., P. M. Healy, Christopher F. Noe, and K. G. Palepu. "Analyst Specialization and Conglomerate Stock Breakups." Journal of Accounting Research 39, no. 3 (December 2001).

Gilson, S. C., E. S. Hotchkiss, and R. S. Ruback. "Valuation of Bankrupt Firms." Review of Financial Studies 13, no. 7 (spring 2000): 43-74. (Abridged version reprinted in The Journal of Corporate Renewal 13, no. 7 (July 2000).)

Gilson, S. C. "Analysts and Information Gaps: Lessons From the UAL Buyout." Financial Analysts Journal 56, no. 6 (November/December 2000): 82-110.

Gilson, S. C. "Transactions Costs and Capital Structure Choice: Evidence from Financially Distressed Firms." Journal of Finance 52 (March 1997): 161-196. (Abstracted in Contemporary Finance Digest 1 (autumn 1997).)

Gilson, S. C., H. DeAngelo, and L. DeAngelo. "Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life." Journal of Financial Economics 41 (July 1996): 475-511.

Gilson, S. C. "Investing in Distressed Situations: A Market Survey." Security Analysts Journal, The Security Analysts Association of Japan (1996).

Gilson, S. C., and M. R. Vetsuypens. "Creditor Control in Financially Distressed Firms: The Empirical Evidence." Corporate Practice Commentator 37 (1995): 339-361.

Gilson, S. C. "Investing in Distressed Situations: A Market Survey." Financial Analysts Journal (November/December 1995): 8-27.

Gilson, S. C., and M. R. Vetsuypens. "Creating Pay for Performance in Troubled Companies." Journal of Applied Corporate Finance 6, no. 4 (winter 1994): 81-92.

Gilson, S. C., and M. R. Vetsuypens. "Creditor Control in Financially Distressed Firms: The Empirical Evidence." Washington University Law Quarterly 72 (fall 1994): 1005-1025.

Gilson, S. C., H. DeAngelo, and L. DeAngelo. "The Collapse of First Executive Corporation: Junk Bonds, Adverse Publicity, and the Run on the Bank Phenomenon." Journal of Financial Economics 36 (March 1994): 287-336.

Gilson, S. C., and M. R. Vetsuypens. "CEO Compensation in Financially Distressed Firms: An Empirical Analysis." Journal of Finance 43 (June 1993): 425-458. (Abstracted in Financial Management Collection 7 (winter 1992) and 9 (fall 1994).)

Gilson, S. C. "Managing Default: Some Evidence on How Firms Choose between Workouts and Chapter 11." Journal of Applied Corporate Finance 4, no. 2 (summer 1991): 62-70.

Gilson, S. C. "Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default." Journal of Financial Economics 27, no. 2 (October 1990): 355-387.

Gilson, S. C., J. Kose, and L. H. P. Kang. "Troubled Debt Restructurings: An Empirical Analysis of Private Reorganization of Firms in Default." Journal of Financial Economics 27, no. 2 (October 1990): 315-353.

Gilson, S. C. "Management Turnover and Financial Distress." Journal of Financial Economics 25 (December 1989): 241-262.

Book Chapters

Gilson, S. C., and M. R. Vetsuypens. "Creditor Control in Financially Distressed Firms: The Empirical Evidence." In A Bankruptcy Law Anthology, edited by Charles Tabb. Chicago: Anderson Publishing Company, forthcoming.

Gilson, S. C. "Management Turnover and Financial Distress." In A Bankruptcy Law Anthology, edited by Charles Tabb. Chicago: Anderson Publishing Company, forthcoming.

Gilson, S. C. "Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default." In Empirical Corporate Finance, edited by Michael J. Brennan. Glos: Edward Elgar, Inc., 2001.

Gilson, S. C. "Investing in Distresses Situations: A Market Survey." In High Yield Bonds: Market Structure, Valuation, and Portfolio Strategies, edited by T. M. Barnhill, W. F. Maxwell and M. R. Shenkman. New York: McGraw Hill, 1999.

Gilson, S. C. "Managing Default: Some Evidence on How Firms Choose between Workouts and Chapter 11." In High Yield Bonds: Market Structure, Valuation, and Portfolio Strategies, edited by T. M. Barnhill, W. F. Maxwell and M. R. Shenkman. New York: McGraw Hill, 1999.

Gilson, S. C., and M. R. Vetsuypens. "CEO Compensation in Financially Distressed Firms: An Empirical Analysis." In The Economics of Executive Compensation, edited by Kevin Hallock and Kevin Murphy. U.K.: Edward Elgar Publishers, Ltd., 1999.

Gilson, S. C. "Some Methodological Issues in Cross-country Comparisons of Commercial Bankruptcy Law." In International and Comparative Corporate Insolvency Law, edited by J. S. Ziegel. Oxford: Oxford University Press, 1994.

Gilson, S. C. "Managing Default: Some Evidence on How Firms Choose between Workouts and Chapter 11." In Corporate Bankruptcy: Economic and Legal Perspectives, edited by J. Bhandari. Cambridge University Press, 1994.

Gilson, S. C. "Managing Default: Some Evidence on How Firms Choose between Workouts and Chapter 11." In The New High-Yield Bond Market: Investment Opportunities, edited by J. Lederman and M. Sullivan. Chicago: Probus, 1993.

Gilson, S. C. "Managing Default: Some Evidence on How Firms Choose between Workouts and Chapter 11." In The New Corporate Finance: Where Theory Meets Practice, edited by D. Chew. New York: McGraw-Hill, 1993.

Gilson, S. C. "Troubled Debt Restructurings: An Empirical Analysis of Private Reorganization of Firms in Default." In Studies in Financial Institutions: Commercial Banks, edited by C. W. Smith and C. James. New York: McGraw-Hill, 1993.

Gilson, S. C. "Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default." In Bankruptcy and Distressed Restructurings: Analytical Issues and Investment Opportunities, edited by Edward I. Altman. New York: Business One Irwin, 1992.

Gilson, S. C. "Management Turnover and Financial Distress." In Bankruptcy and Distressed Restructurings: Analytical Issues and Investment Opportunities, edited by Edward I. Altman. New York: Business One Irwin, 1992.

Gilson, S. C., J. Kose, and L.H.P. Kang. "Troubled Debt Restructurings: An Empirical Analysis of Private Reorganization of Firms in Default." In Bankruptcy and Distressed Restructurings: Analytical Issues and Investment Opportunities, edited by Edward I. Altman. New York: Business One Irwin, 1992.

Other Papers

Feldman, Emilie, Stuart Gilson, and Belen Villalonga. "When do analysts add value? Evidence from corporate spinoffs." November 2009.

Gilson, S. C., and J. Warner. "Private Versus Public Debt: Evidence from Firms that Replace Bank Loans with Junk Bonds." 2000.

Gilson, Stuart C., Edith Hotchkiss, and Richard Ruback. "Valuation of Bankrupt Firms." Harvard Business School Working Paper, No. 99-064, 1998.

Gilson, Stuart C., Paul M. Healy, Christopher F. Noe, and Krishna G. Palepu. "Corporate Focus and the Benefits from More Specialized Analyst Coverage." Harvard Business School Working Paper, No. 99-052, 1998.

Gilson, Stuart C., and Jerold Warner. "Junk Bonds, Bank Debt, and Financing Corporate Growth." Harvard Business School Working Paper, No. 98-037, 1997.

HBS Course Materials

Gilson, Stuart C., and David Kiron. "Actigall: Managing the Divestment of Mature Drugs." Harvard Business School Case 207-115.

Gilson, Stuart C., and Belen Villalonga. "Adelphia Communications Corp.'s Bankruptcy." Harvard Business School Case 208-071.

Gilson, Stuart C., and Belen Villalonga. "Adelphia Communications Corp.'s Bankruptcy (CW)." Harvard Business School Spreadsheet Supplement 208-718.

Gilson, Stuart C., and Belen Villalonga. "Adelphia Communications Corp.'s Bankruptcy (TN)." Harvard Business School Teaching Note 209-020.

Fenster, Steven R., and Stuart C. Gilson. "Adjusted Present Value Method for Capital Assets, The." Harvard Business School Note 294-047.

Gilson, Stuart C., C. Fritz Foley, and Perry Fagan. "Alphatec Electronics Pcl." Harvard Business School Case 200-004.

Gilson, Stuart C., and Perry Fagan. "Arch Wireless, Inc." Harvard Business School Case 205-024.

Gilson, Stuart C., and Gustavo A. Herrero. "Buenos Aires Embotelladora S.A. (BAESA): A South American Restructuring." Harvard Business School Case 202-009.

Datar, Srikant M., Stuart C. Gilson, and Cate Reavis. "Capital Appropriation Request Exercise: Diovan." Harvard Business School Exercise 102-010.

Gilson, Stuart C., and Cedric Escalle. "Chase Manhattan Corporation: The Making of America's Largest Bank." Harvard Business School Case 298-016.

Gilson, Stuart C. "Chase Manhattan Corporation: The Making of America's Largest Bank TN." Harvard Business School Teaching Note 298-127.

Gilson, Stuart C. "Continental Airlines - 1992 (Abridged) (CW)." Harvard Business School Spreadsheet Supplement 207-714.

Gilson, Stuart C. "Continental Airlines--1992." Harvard Business School Case 293-132.

Gilson, Stuart C. "Continental Airlines--1992 & Continental Airlines--1992 (Abridged) TN." Harvard Business School Teaching Note 294-127.

Gilson, Stuart C. "Continental Airlines--1992 (Abridged)." Harvard Business School Case 294-058.

Gilson, Stuart C., Paul M. Healy, and Natalie Kindred. "Customer Planning at Novartis Pharmaceuticals Corporation 2008." Harvard Business School Case 209-087.

Gilson, Stuart C., Victoria Ivashina, and Sarah Abbott. "Delphi Corp. and the Credit Derivatives Market (A)." Harvard Business School Case 210-002.

Gilson, Stuart C., David Kiron, and Alexander (Sasha) Berson. "Diovan--The First Novartis Mega-Brand." Harvard Business School Case 203-108.

Gilson, Stuart C., and Jeremy Cott. "Donald Salter Communications, Inc." Harvard Business School Case 295-114.

Gilson, Stuart C. "Donald Salter Communications, Inc. TN." Harvard Business School Teaching Note 298-089.

Gilson, Stuart C., and Perry Fagan. "E.I. du Pont de Nemours and Company: The Conoco Split-off (A)." Harvard Business School Case 202-005.

Gilson, Stuart C., and Perry Fagan. "E.I. du Pont de Nemours and Company: The Conoco Split-off (B)." Harvard Business School Case 202-006.

Gilson, Stuart C., and Perry Fagan. "E.I. du Pont de Nemours and Company: The Conoco Split-off (C)." Harvard Business School Case 202-007.

Gilson, Stuart C. "FAG Kugelfischer- A German Restructuring TN." Harvard Business School Teaching Note 298-128.

Gilson, Stuart C. "FAG Kugelfischer-A German Restructuring." Harvard Business School Case 298-046.

Gilson, Stuart C., and Perry Fagan. "Finova Group, Inc. (A), The." Harvard Business School Case 202-095.

Gilson, Stuart C., and Perry Fagan. "Finova Group, Inc. (B),The." Harvard Business School Case 202-096.

Gilson, Stuart C., Harry DeAngelo, and Linda DeAngelo. "First Capital Holdings Corp." Harvard Business School Case 296-032.

Gilson, Stuart C. "First Capital Holdings Corp. TN." Harvard Business School Teaching Note 296-095.

Gilson, Stuart C., Harry DeAngelo, and Linda DeAngelo. "First Executive Corporation." Harvard Business School Case 294-105.

Gilson, Stuart C., Harry DeAngelo, and Linda DeAngelo. "First Executive Corporation TN." Harvard Business School Teaching Note 294-136.

Gilson, Stuart C., and Jeremy Cott. "Flagstar Companies, Inc." Harvard Business School Case 299-038.

Gilson, Stuart C. "Flagstar Companies, Inc. (Abridged)." Harvard Business School Case 206-076.

Gilson, Stuart C., Vincent Marie Dessain, and Sarah Abbott. "Groupe Eurotunnel S.A. (A)." Harvard Business School Case 209-062.

Gilson, Stuart C., Vincent Marie Dessain, and Sarah Abbott. "Groupe Eurotunnel S.A. (B): Restructuring Under the Procedure de Sauvegarde." Harvard Business School Supplement 209-113.

Gilson, Stuart C. "Humana, Inc.--Managing in a Changing Industry (TN)." Harvard Business School Teaching Note 294-130.

Gilson, Stuart C. "Humana, Inc.: Managing in a Changing Industry." Harvard Business School Case 294-062.

Gilson, Stuart C., and Sarah Abbott. "Kmart and ESL Investments (A)." Harvard Business School Case 209-044.

Gilson, Stuart C., and Sarah Abbott. "Kmart and ESL Investments (B): The Sears Merger." Harvard Business School Supplement 209-045.

Gilson, Stuart C., and Jose Camacho. "Loewen Group Inc., The." Harvard Business School Case 201-062.

Gilson, Stuart C. "Loewen Group, Inc., The (Abridged)." Harvard Business School Case 201-082.

Datar, Srikant M., Stuart C. Gilson, and David Lane. "Market Resource Allocation at Novartis: Starlix." Harvard Business School Case 102-005.

Gilson, Stuart C., and Steven R. Fenster. "National Convenience Stores Incorporated TN." Harvard Business School Teaching Note 294-135.

Fenster, Steven R., Stuart C. Gilson, and Roy Burstin. "National Convenience Stores, Inc." Harvard Business School Case 294-068.

Gilson, Stuart C., and Jeremy Cott. "Navistar International." Harvard Business School Case 295-030.

Gilson, Stuart C. "Navistar International TN." Harvard Business School Teaching Note 298-086.

Gilson, Stuart C., and Carin-Isabel Knoop. "NCH Germany (A): Strong Medicine." Harvard Business School Case 209-114.

Gilson, Stuart C., and Carin-Isabel Knoop. "NCH Germany (B): A Christmas Surprise." Harvard Business School Supplement 209-115.

Gilson, Stuart C., and Carin-Isabel Knoop. "NCH Germany (C): Postscript." Harvard Business School Supplement 209-116.

Gilson, Stuart C. "Note on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)." Harvard Business School Note 209-133.

Gilson, Stuart C., and Sarah L. Abbott. "Restructuring at Delphi Corporation (A)." Harvard Business School Case 208-069.

Gilson, Stuart C., and Jeremy Cott. "Scott Paper Company." Harvard Business School Case 296-048.

Gilson, Stuart C. "Scott Paper Company TN." Harvard Business School Teaching Note 298-088.

Andrade, Gregor M., Stuart C. Gilson, and Todd C. Pulvino. "Seagate Technology Buyout." Harvard Business School Case 201-063.

Gilson, Stuart C. "Seagate Technology Buyout (TN)." Harvard Business School Teaching Note 204-160.

Gilson, Stuart C., David Kiron, and Alexander (Sasha) Berson. "Starflix: Take it or Leave it." Harvard Business School Case 203-109.

Gilson, Stuart C., Joel T. Schwartz, Steve Silver, and David Stemerman. "Transportation Displays Incorporated (C): The Case for a Preemptive Restructuring." Harvard Business School Case 296-035.

Gilson, Stuart C., Vincent Hemmer, Eric Rahe, David Shorrock, and Stephen Voorhis. "Transportation Displays, Incorporated (D): Exiting from a Successful Restructuring." Harvard Business School Case 297-085.

Gilson, Stuart C., and Jeremy Cott. "UAL Corporation." Harvard Business School Case 295-130.

Gilson, Stuart C. "UAL Corporation TN." Harvard Business School Teaching Note 298-126.

Gilson, Stuart C., and Jeremy Cott. "USX Corporation." Harvard Business School Case 296-050.

Gilson, Stuart C. "USX Corporation TN." Harvard Business School Teaching Note 298-085.

Gilson, Stuart C. "Valuing Companies in Corporate Restructurings: Technical Note." Harvard Business School Note 201-073.