Publications

Educators

July 2021 (Revised February 2022)
Technical Note

RegTech: A New Way to Manage Risks

By: Aiyesha Dey, Jonas Heese and James Barnett

A note on regulatory technology (RegTech) describing its evolution, use cases, and the competitive environment in 2021. View Details

Keywords: Regulatory Technology; Change; Financial Management; Governance Compliance; Governance Controls; Technology; Banking Industry; Financial Services Industry; Technology Industry

Educators

June 24, 2021
Article

How Costly Is Whistleblowing?

By: Aiyesha Dey, Jonas Heese and Gerardo Pérez Cavazos

June 2021 (Revised November 2024)
Case

MicroStrategy: Accounting for Cryptocurrency

By: Jonas Heese and Annelena Lobb

On February 15, 2021, Alina Moss, an analyst who covered the technology company MicroStrategy, pondered a rise in MicroStrategy’s share price. Moss had dialed into the company earnings call. When it ended, Moss had more questions than answers. MicroStrategy had... View Details

Keywords: Cryptocurrency; Share Price; Electronic Commerce; Intangible Assets; Assets; Accounting; Financial Statements; Financial Management; Financial Reporting; Analytics and Data Science; E-commerce

Educators

Article

Cash-for-Information Whistleblower Programs: Effects on Whistleblowing and Consequences for Whistleblowers

By: Aiyesha Dey, Jonas Heese and Gerardo Pérez Cavazos

Cash-for-information whistleblower programs have gained momentum as a regulatory tool to enforce corporate misconduct. Yet, little is known about how financial incentives affect whistleblowers’ decisions to report potential misconduct to authorities. Similarly, there... View Details

Keywords: Corporate Misconduct; Whistleblowers; Financial Incentives; Ethics; Governance Compliance; Lawsuits and Litigation

June 2021
Teaching Note

'GEnron'? Markopolos versus General Electric (A) & (B)

Teaching Note for HBS Case Nos. 121-005 and 121-033. View Details

Article

Corporate Misconduct and Manager Visits

By: Jonas Heese and Gerardo Pérez Cavazos

Find at Harvard

May–June 2021
Other Article

Should Whistleblowers Be Paid a Bounty?

By: Jonas Heese, Aiyesha Dey and Gerardo Pérez Cavazos

Find at Harvard

May 2021 (Revised June 2021)
Supplement

'GEnron'? Markopolos versus General Electric (B)

By: Jonas Heese and David Lane

Supplement to the (A) case that offers an assessment of the August 2019 Markopolos report on General Electric. View Details

Keywords: Financial Statements; Communication; Energy; Financial Condition; Insurance; Performance; Planning; Business and Shareholder Relations; Risk and Uncertainty; Value; Insurance Industry; Financial Services Industry; Energy Industry

April 2021 (Revised November 2022)
Supplement

Muddy Waters vs. eHealth: The Debate of a 'Lifetime' Spreadsheet Supplement for Instructors

April 2021 (Revised November 2022)
Supplement

Muddy Waters vs. eHealth: The Debate of a 'Lifetime' Spreadsheet Supplement for Students

April 2021 (Revised March 2024)
Teaching Note

Muddy Waters vs. eHealth: The Debate of a 'Lifetime'

Teaching Note for HBS Case No. 120-114. View Details

April–May 2021
Article

The Effect of Retaliation Costs on Employee Whistleblowing

By: Jonas Heese and Gerardo Pérez Cavazos

We use large increases in unemployment insurance (UI) benefits to study the effects of expected retaliation costs on employee whistleblowing. Increases in UI benefits reduce the costs that arise from a job loss, one of the costliest forms of retaliation. We find that... View Details

Keywords: Employee Whistleblowing; Retaliation Costs; Labor Unemployment Insurance; Workplace Safety Inspections