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  • 25 Feb 2014
  • First Look

First Look: February 25

and $12 billion, which equates to between 1.3% and 8.7% of the stock of prepackaged software in private fixed investment in the United States and a very high rate of return to the original federal investment in the Internet. We argue that... View Details
Keywords: Sean Silverthorne
  • 01 Feb 2011
  • First Look

First Look: Feb. 1

level. Inheriting Losers Authors:Li Jin and Anna Scherbina Publication:Review of Financial Studies (forthcoming) Abstract We show that new managers who take over mutual fund portfolios sell off inherited momentum losers at higher rates than View Details
  • 12 Aug 2002
  • Research & Ideas

‘Let the Buyer Beware’ Doesn’t Protect Investors

that the Chinese wall was no protection at all for the independence of the analysts. Trying to sell IPOs, analysts gave glowing recommendations to firms which collapsed within months. Trying to support the View Details
Keywords: by D. Quinn Mills
  • 26 Feb 2019
  • First Look

New Research and Ideas, February 26, 2019

stocks held by these funds have lower volatility, and flows out of these funds have smaller spillover effects on other funds holding the same securities. Our results provide evidence of meaningful fire sale externalities in the mutual... View Details
Keywords: Dina Gerdeman
  • 03 Apr 2007
  • First Look

First Look: April 3, 2007

ability of later matching to produce "championship" games. Are Small Investors Naive About Incentives? Authors:Ulrike Malmendier and Devin M. Shanthikumar Periodical:Journal of Financial Economics (forthcoming) Abstract Security analysts tend to bias View Details
Keywords: Martha Lagace
  • 30 Sep 2008
  • First Look

First Look: September 30, 2008

Publication:Journal of Finance (forthcoming) Abstract We document widespread ex-post changes to the historical contents of the I/B/E/S analyst stock recommendations database. Across a sequence of seven... View Details
Keywords: Martha Lagace
  • 01 Sep 2009
  • First Look

First Look: September 1

their stock recommendations when they have an educational link to the company. A simple portfolio strategy of going long the buy recommendations with school ties and going... View Details
Keywords: Martha Lagace
  • 05 May 2003
  • Research & Ideas

Greed, Fear, and The System Hinder Corporate Reform

difficult challenges ahead, he said, will be persuading people around the world that their trust in the private sector, rather than the government, could be well placed. "It becomes a lot more difficult when internal documents show that analysts were View Details
Keywords: by Martha Lagace
  • 12 Jun 2018
  • First Look

New Research and Ideas, June 12, 2018

agents over eight weeks to examine how differing types of guidance and training impact the agents' inventory management. We find agents who are trained in person and receive an explicit, personalized, daily text message recommendation of... View Details
Keywords: Dina Gerdeman
  • 24 Jul 2018
  • First Look

New Research and Ideas, July 24, 2018

of an estimated secular increase in the cross-country correlations of both stock and bond returns since the late 1990s. Increased correlations of inflation shocks are also an important source of the shift in bond correlations. By... View Details
Keywords: Dina Gerdeman
  • 08 Aug 2018
  • News

Getting Life Back in Balance

living suite with a Brazilian stock broker, a Japanese television producer, a Botswanan chemical engineer, and a Danish medical trials manager. The cohort, eight in total, were able to share their unique experiences, thoughts, fears, and... View Details
Keywords: Jennifer Myers
  • 12 Nov 2008
  • First Look

First Look: November 12, 2008

Development (TvT) of Amsterdam, Holland, was deeply worried about the status of his largest ongoing project: the Amsterdam World Trade Center (WTC). As the discretionary developer, van Tartwijk needed to present his firm's recommendations... View Details
Keywords: Martha Lagace
  • 12 Nov 2015
  • Research & Ideas

Can Consumers be Trusted with Their Own Health Care?

spending more money to hire a firm like Merrill Lynch that has people actively managing their stock portfolios. “Neither one of these approaches is better or worse than the other,” Quelch said. “They cater to two different types of... View Details
Keywords: by Dina Gerdeman; Health
  • 17 May 2010
  • Research & Ideas

What Brazil Teaches About Investor Protection

supposed to be bad, and there was little debate about what companies or managers could do about it. For me this just sounded too simplistic. Moreover, the focus on national laws led to policy recommendations that were sometimes too... View Details
Keywords: by Sean Silverthorne; Banking; Financial Services
  • 03 Nov 2003
  • What Do You Think?

Can Investors Have Too Much Accounting Transparency?

Section 404, which will become common knowledge from Wall Street to Main Street, as well as rules promulgated by the Financial Accounting Standards Board (FASB) in recent years. This is not an issue of interest only to those of us in the U.S., as suggested by a number... View Details
Keywords: by James Heskett
  • 18 Sep 2018
  • First Look

New Research and Ideas, September 18, 2018

in designing and assessing policy. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=54968 Large-Scale Demand Estimation with Search Data By: Amano, Tomomichi, Andrew Rhodes, and Stephan Seiler Abstract—Many online markets are characterized by... View Details
Keywords: Dina Gerdeman
  • 06 Dec 2016
  • First Look

December 6, 2016

advantage is modeled as a stock of capability that accumulates over time, a firm's proclivity to manage short-term earnings at the expense of long-term investment can have very different consequences depending on whether the firm's... View Details
Keywords: Sean Silverthorne
  • 11 Oct 2017
  • Research & Ideas

The House Wants to Squelch Voices of ‘Small’ Shareholders. Research Shows Those Voices Matter.

Blair Storie-Johnson Right now, the eligibility requirements to submit a shareholder proposal are fairly nonrestrictive: A shareholder must hold either a mere $2,000 of stock in a company or at least 1 percent of a company’s shares. “Even... View Details
Keywords: by Carmen Nobel
  • 03 Mar 2008
  • First Look

First Look: March 4, 2008

and senior officers of firms, we test the hypothesis that analysts' school ties to senior officers impart comparative information advantages in the production of analyst research. We find evidence that analysts outperform on their stock... View Details
Keywords: Martha Lagace
  • 02 Jul 2001
  • What Do You Think?

Built to Last or Bought to Sell?

assumption that continuity is more desirable. The problem apparently has much to do with the narrow definition of success, the ability to outperform the stock market that the authors use as the primary criterion for their study. Jonathan... View Details
Keywords: by James Heskett