Faculty & Research
Faculty & Research
- October 2025
- Journal of Financial Economics
Measurement and Effects of Bank Exit Policies
By: Daniel Green and Boris Vallée
| We study whether exit policies by financial institutions have financial and real consequences on the firms they target, using bank coal exit policies as a laboratory. In contrast to theories assuming high capital substitutability, we find large effects of these... |
- September 2025
- Journal of Development Economics
Using Satellites and Phones to Evaluate and Promote Agricultural Technology Adoption: Evidence from Smallholder Farms in India
By: Shawn Cole, Tomoko Harigaya, Grady Killeen and Aparna Krishna
| This paper evaluates a low-cost, customized soil nutrient management advisory service in India. As a methodological contribution, we examine whether and in which settings satellite measurements may be effective at estimating both agricultural yields and treatment... |
- 2025
- Working Paper
E-ledgers Carbon Accounting
By: Robert S. Kaplan and Karthik Ramanna
| In prior publications, we introduced a global system of interconnected E-ledgers that produces—in as close to real time as practicable—accurate, comparable, and verifiable accounts of the cradle-to-gate (net) greenhouse-gas emissions in any product or service that... |
- 2025
- Book
Concise Business Guide to Climate Change: What Managers, Executives, and Students Need to Know
| Understanding the ground rules of climate change for business. Climate has changed the game for businesses around the world. With climate-related disasters costing billions in damages and public pressure rising, over a hundred nations joined the 2015 Paris Agreement,... |
- June 2025
- Teaching Material
SWEN Blue Ocean: Impact Investing Goes to Sea
By: Vikram S Gandhi and David Allen
| Teaching Plan for HBS Case No. 325-013 |
- June 2025
- Teaching Material
The Miccosukee Tribe and the Battle to Save the Everglades (B): The Art of Coalition Building
By: Rosabeth Moss Kanter and Jacob A. Small
| Teaching Note for HBS Case No. 325-132. Curtis Osceola, Chief of Staff to the Chairman of the Miccosukee Tribe of Indians of Florida, exercised leadership to mobilize allies, deal with opposition, and forge internal and external multi-sector coalitions to help preserve... |
- June 2025
- Teaching Material
Transforming a Titan (B)
By: George Serafeim and Lena Duchene
| After a global search the board appoints Marcel Cobuz—ex-LafargeHolcim executive with deep innovation experience—as TITAN’s first non-family CEO. Cobuz co-creates a four-pillar roadmap: sharpen the core cement portfolio, accelerate low-carbon products and aggregates,... |
- June 2025
- Teaching Material
Transforming a Titan (C)
By: George Serafeim and Lena Duchene
| Three years in his tenure as CEO, Cobuz must decide whether to launch a more than 500 million carbon-capture-and-storage facility. The project—Europe’s largest planned CCS installation—would cut almost 20% of group emissions and unlock a 234 million EU Innovation Fund... |
- June 2025
- Case
Transforming a Titan (A)
By: George Serafeim and Lena Duchene
| Dimitri Papalexopoulos, fourth-generation CEO of TITAN Cement, must decide whether to keep leading the 120-year-old, family-controlled firm or hand the reins to new management. Over 26 years he has turned TITAN from a domestic player into an internationally diversified... |
- June 2025
- Teaching Material
On Video Supplement
By: Ramon Casadesus-Masanell, Karolin Frankenberger and Sascha Mader
| Supplement to the (A) case, HBS No. 723-430. |
- June 2025
- Case
Power Struggles: Hydro-Quebec’s Energy Dilemma
By: Juan Alcacer and Danika Couture-Peck
| In 2024, Maxime Aucoin, Executive Vice President and CFO of Hydro-Quebec, faced a series of compounding challenges as the utility confronted rapidly rising electricity demand, public pricing constraints, and strained stakeholder relationships. As the steward of... |