Publications

Spring 2013
Article

Accounting Quality, Stock Price Delay, and Future Stock Returns

By: Jeffrey Callen, Mozaffar N. Khan and Hai Lu

In frictionless capital markets with complete information and rational investors, stock prices adjust to new information instantaneously and completely. However, a substantial body of research studies information imperfections such as asymmetric information and... View Details

Keywords: Quality; Price; Stocks; Asset Pricing; Accounting

14 Nov 2007
Working Paper Summaries

Accountability in Complex Organizations: World Bank Responses to Civil Society

Keywords: by Alnoor S. Ebrahim & Steve Herz

03 Aug 2017
Working Paper Summaries

The Accounting Rookie Job Market: A Practitioner’s Guide

Keywords: by Ethan Rouen; Accounting

2020
Working Paper

A Preliminary Framework for Product Impact-Weighted Accounts

By: George Serafeim and Katie Trinh

While there has been significant progress in the measurement of an organization’s environmental and social impacts from its operations, metrics to evaluate the impact of products once they come to market lag far behind. In this paper, we provide a framework for... View Details

Keywords: Social Impact; Product Life Cycle; Environment; Sustainability; Measurement; Metrics; Impact Investing; ESG; ESG (Environmental, Social, Governance) Performance; ESG Reporting; Product; Environmental Sustainability; Measurement and Metrics; Framework; Financial Statements

SSRN

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March 1985 (Revised July 1986)
Background Note

Foreign Operations Accounting and Analysis

By: David F. Hawkins

Keywords: International Accounting

June 1993 (Revised July 1993)
Teaching Note

Accounting for Frequent Fliers TN

By: William J. Bruns Jr.

Teaching Note for (9-192-040). View Details

Keywords: Accounting

August 2005 (Revised May 2006)
Teaching Note

Accounting at MacCloud Winery (TN)

By: David F. Hawkins and Gregory S. Miller

Teaching Note to (9-105-081). View Details

Keywords: Accounting; Food and Beverage Industry

June 1985
Background Note

Fixed Asset Accounting and Analysis

By: David F. Hawkins

Keywords: Accounting

June 1985
Background Note

Intangible Asset Accounting and Analysis

By: David F. Hawkins

Keywords: Accounting

November 2005 (Revised September 2006)
Background Note

Accounting for Marketable Securities and the "Recycling" of Income

Gives an overview of accounting for equity investments less than 20%. Uses this accounting to introduce the issue of amounts included in the statement of comprehensive income during a different time period from its inclusion in net income (sometimes called "recycled... View Details

Keywords: Accounting; Investment; Equity

Educators

2021
Working Paper

Accounting for Product Impact in the Pharmaceuticals Industry

By: Amanda Rischbieth, George Serafeim and Katie Trinh

We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the pharmaceuticals industry. We design a monetization methodology that allows us to calculate monetary impact estimates of accessible... View Details

SSRN

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February 2007
Teaching Note

HBS Financial Accounting Tutorial (TN)

By: David F. Hawkins and Paul M. Healy

Keywords: Accounting; Finance; Information

2015
Working Paper

Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting

By: Erik Stafford

Private equity funds tend to select relatively small firms with low EBITDA multiples. Publicly traded equities with these characteristics have high risk-adjusted returns after controlling for common factors typically associated with value stocks. Hold-to-maturity... View Details

Keywords: Value Investing; Endowments; Investment Management; Asset Pricing; Private Equity; Investment; Management; United States