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  • All HBS Web  (45)
    • News  (12)
    • Research  (24)
  • Faculty Publications  (10)

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  • All HBS Web  (45)
    • News  (12)
    • Research  (24)
  • Faculty Publications  (10)
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  • 2022
  • Chapter

Fiscal Development under Colonial and Sovereign Rule

By: Ewout Frankema and Marlous van Waijenburg
This chapter explores differences in the making of a ‘modern’ fiscal state under colonial and sovereign rule. Focusing on African and Asian colonies (1820–1970) and their respective European metropoles, it argues that while the introduction of ‘modern’... View Details
Keywords: Fiscal Modernization; Colonial Rule; Economic History; Sovereign Finance; History; Taxation; Africa; Asia
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Frankema, Ewout, and Marlous van Waijenburg. "Fiscal Development under Colonial and Sovereign Rule." In Global Taxation: How Modern Taxes Conquered the World, edited by Philipp Genschel and Laura Seelkopf, 67–98. Oxford: Oxford University Press, 2022.
  • 2005
  • Working Paper

Direct versus Indirect Colonial Rule in India: Long-term Consequences

By: Lakshmi Iyer
This paper compares economic outcomes across areas in India which were under direct British colonial rule with areas which were under indirect colonial rule. Controlling for selective annexation using a specific policy rule, I find that areas which experienced direct... View Details
Keywords: Governance; Development Economics; Outcome or Result; Great Britain; India
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Iyer, Lakshmi. "Direct versus Indirect Colonial Rule in India: Long-term Consequences." Harvard Business School Working Paper, No. 05-041, January 2005. (Revised November 2008.)
  • Article

Direct versus Indirect Colonial Rule in India: Long-term Consequences

By: Lakshmi Iyer
Keywords: Outcome or Result; India
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Iyer, Lakshmi. "Direct versus Indirect Colonial Rule in India: Long-term Consequences." Review of Economics and Statistics 92, no. 4 (November 2010). (Lead article.)
  • September 2014
  • Article

Metropolitan Blueprints of Colonial Taxation? Lessons from Fiscal Capacity Building in British and French Africa, 1880-1940

By: Ewout Frankema and Marlous van Waijenburg
The historical and social science literature is divided about the importance of metropolitan blueprints of colonial rule for the development of colonial states. We exploit historical records of colonial state finances to explore the importance of metropolitan identity... View Details
Keywords: Colonial Administration; Quantitative Sources; Governance; Money; Taxation; Trade; History; Africa
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Frankema, Ewout, and Marlous van Waijenburg. "Metropolitan Blueprints of Colonial Taxation? Lessons from Fiscal Capacity Building in British and French Africa, 1880-1940." Journal of African History 55, no. 3 (September 2014): 371–400.
  • December 2006 (Revised January 2007)
  • Case

Chief Timothy Adeola Odutola and Nigeria's Manufacturing Sector

By: Nitin Nohria, Anthony Mayo, Foluke Otudeko and Mark Benson
Chief Timothy Adeola Odutola was an important contributor to Nigeria's manufacturing sector, creating a multimillion-dollar conglomerate including three factories, a retail franchise, a cattle ranch, a 5,000-acre plantation, a sawmill, and an exporting business before... View Details
Keywords: History; Business Conglomerates; Corporate Social Responsibility and Impact; Corporate Entrepreneurship; Success; Leadership Style; Business History; Market Entry and Exit; Personal Development and Career; Business Startups; Manufacturing Industry; Nigeria
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Nohria, Nitin, Anthony Mayo, Foluke Otudeko, and Mark Benson. "Chief Timothy Adeola Odutola and Nigeria's Manufacturing Sector." Harvard Business School Case 407-027, December 2006. (Revised January 2007.)
  • 2009
  • Book

Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882-1950

By: Aldo Musacchio
In Experiments in Financial Democracy, I challenge the idea that it was colonial institutions that sent Brazil, a civil law country, down a particular path of corporate governance and finance. Detailed archival research reveals significantly different patterns of... View Details
Keywords: Private Equity; Investment; Corporate Governance; Governing Rules, Regulations, and Reforms; Business History; Business and Shareholder Relations; Brazil
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Musacchio, Aldo. Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882-1950. Cambridge University Press, 2009.
  • Research Summary

Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882-1950 (BOOK)

In my first book manuscript, Experiments in Financial Democracy, I challenge the idea that it was colonial institutions that sent Brazil, a civil law country, down a particular path of corporate governance and finance. Detailed archival research reveals... View Details

  • 12 Apr 2022
  • Book

Racism, Colonialism, and Britain's Legacy of Violence

included an end to empire even if their ruling structures and colonial cultures differed. “France is not a country of forty millions; she is a country of one hundred millions,” Prime Minister Raymond... View Details
Keywords: by Avery Forman
  • 04 Apr 2023
  • Book

Two Centuries of Business Leaders Who Took a Stand on Social Issues

While shareholders still reign supreme at many companies, a widespread shift toward more responsible business practices is driving more leaders to take a stand on social and environmental issues today, says Harvard Business School Professor Geoffrey Jones. Jones... View Details
Keywords: by Lane Lambert; Consumer Products; Fashion; Retail; Green Technology
  • 12 Nov 2008
  • First Look

First Look: November 12, 2008

Working Papers Direct versus Indirect Colonial Rule in India: Long-term Consequences (revised) Author: Lakshmi Iyer Abstract This paper compares economic outcomes across areas in India which were under... View Details
Keywords: Martha Lagace
  • 02 Jan 2001
  • Research & Ideas

Gurus in the Garage

phrase "tragedy of the commons" to describe a system in which people acting rationally and in their own self-interest destroy the very resources they all share for their livelihood. His original example was of colonial farmers.... View Details
Keywords: by Dorothy Leonard & Walter Swap
  • 21 Apr 2009
  • First Look

First Look: April 21, 2009

versus Indirect Colonial Rule in India: Long-term Consequences Author:Lakshmi Iyer Publication:The Review of Economics and Statistics (forthcoming) Abstract This paper compares economic outcomes across areas... View Details
Keywords: Martha Lagace
  • 08 Mar 2004
  • Research & Ideas

Secret to Success: Go for “Just Enough”

marveled at humankind's resourcefulness and success: The chorus notes that without gills, man has devised ways to travel on the sea. He has invented speech, and plows for the earth. With these accomplishments he secures good things such as food, shelter, the View Details
Keywords: by Laura Nash & Howard Stevenson
  • 23 Jun 2020
  • Book

Beginning America Over Again with a New Electoral System

his era: “We have it in our power to begin the world over again.” Were it not for the chord his proposals struck with the people of the colonies and the action that followed, Paine’s bold ideas might have been remembered as little else... View Details
Keywords: by Sean Silverthorne
  • 17 Jun 2008
  • First Look

First Look: June 17, 2008

challenge the idea that it was colonial institutions that sent Brazil, a civil law country, down a particular path of corporate governance and finance. Detailed archival research reveals significantly different patterns of corporate... View Details
Keywords: Martha Lagace
  • 19 Nov 2007
  • Lessons from the Classroom

Teaching The Moral Leader

setting out and reinforcing the rules that the Post would follow in the investigation. These rules required vetting each of the news articles in a number of different ways to ensure that the truth they... View Details
Keywords: by Sarah Jane Gilbert; Education
  • 20 Feb 2007
  • First Look

First Look: February 20, 2007

caught his attention. First, he noticed that an industry suit to block the government's proposed system to rate tires on tread wear, traction, and temperature resistance had been rebuffed by a U.S. appeals court. Although the court found fault with the government's... View Details
Keywords: Martha Lagace
  • 16 Mar 2010
  • First Look

First Look: March 16

authority. This three-level structure closely parallels that of all organized team sports. The play on the field is like the markets of capitalism, and the actions of the players are regulated by referees who enforce a set of rules... View Details
Keywords: Martha Lagace
  • 19 Sep 2017
  • First Look

First Look at New Research and Ideas, September 19

just maintaining their capital ratios. Third, the best way to deal with the inevitable gaming of any set of ex ante capital rules is not to propose further rules, but rather to allow the regulator sufficient flexibility to address... View Details
Keywords: Sean Silverthorne
  • 11 Mar 2014
  • First Look

First Look: March 11

exploit a natural experiment where the assignment of managers for newly hired college graduates is mandated by rigid HR rules and is uncorrelated to observable characteristics of the graduates. Given this assignment protocol, I find that... View Details
Keywords: Sean Silverthorne
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