Shareholder Value - Publications - Faculty & Research

01 Oct 2020
What Do You Think?

Are CEOs the Wrong Leaders for Stakeholder Capitalism?

has enough leverage to practice it. Boards of directors play an important role in championing the cause of stakeholders of all kinds. DF in AZ put it this way: “If a company promises a fundamental shift towards shareholder capitalism but... View Details

Keywords: by James Heskett

11 Jun 2013
First Look

First Look: June 11

alternative explanations for some important empirical observations in IB, such as bunching and second-mover advantage in market entries. 2006 Journal of Financial Economics How Do Staggered Boards Affect Shareholder Value? Evidence from a... View Details

Keywords: Carmen Nobel

03 Aug 2016
What Do You Think?

How Can We Hold the “Leadership Industry” Accountable?

stock holders’ but seldom ‘it’s all about the employees and customers.’” Bruce Lloyd argued that there has been too much emphasis on power and too little on values in leadership literature and training. “Leadership is much more concerned... View Details

Keywords: by James Heskett; Education

07 Aug 2007
First Look

First Look: August 7, 2007

studying markets with tendencies toward "early" hiring. Our data make clear that the movement of the clerkship market back to the third year of law school is highly valued by judges, but we also find that a strong majority of... View Details

Keywords: Martha Lagace

19 Mar 2006
Research & Ideas

Unlocking Your Investment Capital

a powerful tool for value creation. For senior management neither to understand the risks being taken by the firm nor to understand how the risks that were selected not to be taken are being eliminated is to delegate a crucial part of... View Details

Keywords: by Ann Cullen; Financial Services

02 Dec 2002
What Do You Think?

How Will We Respond to the “Moment of Truth” in Option Plans?

key personnel to the development and survival of the business," Shann Turnbull suggests that cash bonuses may be a better alternative in established, cash-rich companies, where "bonuses eliminate the problem of valuing options... View Details

Keywords: by James Heskett

01 Sep 2008
News

The MBA Turns 100

degree’s relevance, asserting that programs have drifted too far into theory that has relatively little use in practice. And they fault business schools for turning out graduates fixated on shareholder value... View Details

Keywords: Roger Thompson; Colleges, Universities, and Professional Schools; Educational Services

01 Mar 2006
News

The Real Conflict

words of Robert Solow, a Nobel laureate in economics and an adviser to the study, “By far the most important factor in that growth is Wal-Mart.” Second, most of the value created by the company is actually pocketed by its customers in the... View Details

Keywords: Pankaj Ghemawat; Ken A. Mark; Miscellaneous Store Retailers; Retail Trade

24 Mar 2002
Lessons from the Classroom

Case Study: A Lesson in Private Venture Financing

owners opted for an IPO in March 2000. Valued at 400 million Rand on the Johannesburg Stock Exchange, its shareholders included about 1,000 of the company's security guards. From Ipo To Acquisition "An... View Details

Keywords: by Julia Hanna

04 Oct 2016
Blog Post

Why We Recruit: CVS Health

prescriptions annually, and has supported 28 million patient visits through MinuteClinic since its inception. Ultimately, this one-of-a-kind, integrated business model is focused on creating superior value for patients, payers and... View Details

Keywords: Health Care

19 Jul 2011
News

Brightening the Future

business that can help the poor while remaining economically viable is in keeping with Ayala’s career shift away from the for-profit focus on maximizing shareholder value. In his new venture, he told BusinessWorld, “We want to maximize... View Details

Keywords: Religious, Grantmaking, Civic, Professional, and Similar Organizations; Personal Services

20 Jun 2011
Lessons from the Classroom

Fame, Faith, and Social Activism: Business Lessons from Bono

escalating, high-profile campaign against Third World debt, poverty, war and disease. “Any CEO who thinks his or her job is about maximizing shareholder value is living in the past.” Koehn, a Harvard... View Details

Keywords: by Kim Girard; Entertainment & Recreation

Web

Demystifying the Family Enterprise - Course Catalog

E-mail: mtolsdorf@hbs.edu Career Focus This course is designed for students who are pursuing a career in businesses that are family owned - i.e. the majority shareholders are family, investment roles in family offices, or students that... View Details

09 Dec 2008
First Look

First Look: December 9, 2008

opportunity to see both sides of the issue. When Hrad enters into a contract to create a new accounts payable system for Welsh toy distributor Tegan, the outsourcing firm from the Czech Republic views the project as another step in its progression towards delivering... View Details

Keywords: Martha Lagace

17 Jan 2007
Op-Ed

Learning from Private-Equity Boards

If Enron had been owned and controlled by a small group of private-equity investors, could the monitoring and control practices of a professionally run buyout shop have protected Enron's shareholders and employees from the problems that... View Details

Keywords: by Malcolm Salter; Financial Services

01 Feb 2000
News

New Releases

chosen." In Down to Earth, Reinhardt draws on studies of companies in industries as diverse as energy and packaged consumer goods to illustrate approaches for reconciling shareholder value with environmental... View Details

01 Aug 2001
News

T.J. Dermot Dunphy (MBA '56)

globalization, and a devotion to creating value for stockholders, he eschewed elements of conventional corporate thinking and job security. "If you create an atmosphere of trust that starts with shareholders... View Details

Keywords: Alumni Achievement Award; Management

04 Dec 2018
First Look

New Research and Ideas, December 4, 2018

implications of these relationships for start-up innovation and performance. Value creation in such relationships occurs when assets are exchanged by the parties involved: collaboration allows for passive knowledge flows and active... View Details

Keywords: Dina Gerdeman

16 Mar 2010
First Look

First Look: March 16

financial environment, and possibly for firms in industries with highly liquid assets as well. This result sheds light on the link between financial and economic development. Estimating the Effects of Large Shareholders Using a Geographic... View Details

Keywords: Martha Lagace

March 1995 (Revised April 1995)
Case

UAL Corporation

By: Stuart C. Gilson and Jeremy Cott

In the largest attempted employee-buyout in history, a large U.S. commercial airline seeks substantial wage concessions from its employees in return for 53% stake in the airline's commmon stock and guaranteed seats on the board of directors. Management must convince... View Details