Pension - Publications - Faculty & Research

05 Jun 2012
First Look

First Look: June 5

PublicationsTowards an Understanding of the Role of Standard Setters in Standard Setting Authors:Abigail M. Allen and Karthik Ramanna Publication:Journal of Accounting & Economics (forthcoming) Abstract We investigate the effect of standard setters in standard... View Details

Keywords: Sean Silverthorne

March 2009 (Revised October 2009)
Case

CalPERS' Emerging Equity Markets Principles

By: Robert G. Eccles and Aldo Sesia

The California Public Employees' Retirement System (CaIPERS)—the largest public pension fund in the U.S.—had adopted a new principles-based approach to investing in emerging market equities in November 2007. Previously, CalPERS internal and external money managers were... View Details

Keywords: Values and Beliefs; Investment Return; Investment Funds; Investment Portfolio; Emerging Markets; Corporate Social Responsibility and Impact; Value; Financial Services Industry; Public Administration Industry; China; California

Citation

Educators

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13 Dec 2022
Research & Ideas

The Color of Private Equity: Quantifying the Bias Black Investors Face

minority-owned group raising a fund is 60 percent higher in these periods of high racial awareness. They also looked at public pension fund data in states where a minority chief investment officer was hired. The likelihood that a minority... View Details

Keywords: by Pamela Reynolds; Financial Services

20 Mar 2012
Working Paper Summaries

The Stock Selection and Performance of Buy-Side Analysts

Keywords: by Boris Groysberg, Paul Healy, George Serafeim, Devin Shanthikumar & Gui Yang; Financial Services

21 Oct 2011
Working Paper Summaries

Market Interest in Nonfinancial Information

Keywords: by Robert G. Eccles, Michael P. Krzus & George Serafeim

12 Sep 2023
What Do You Think?

Who Gets the Loudest Voice in DEI Decisions?

social, and governance issues at the heart of so-called “stakeholder capitalism.” Corporations that become too visible in support of stakeholder capitalism run the risk of losing public investors, such as pension funds in states in which... View Details

Keywords: by James Heskett

18 Aug 2022
Op-Ed

Your Best Employees Are Burning Out: A Framework for Retaining Talent

covenant forged at the onset of the Industrial Age, the Silent Generation, born between 1928 and 1945, typically had the benefit of guaranteed pensions. The ability of corporations to provide pensions created a workforce that remained... View Details

Keywords: by Hise Gibson and MaShon Wilson

21 Jul 2021
Research & Ideas

What Does an ESG Score Really Say About a Company?

Receiving more information can clarify the complex, but not when it comes to environmental, social, and governance (ESG) scores. A recent study shows that the more information a company discloses about its ESG practices, the more rating agencies disagree on how well... View Details

Keywords: by Kristen Senz

2020
Working Paper

Cutting the Gordian Knot of Employee Health Care Benefits and Costs: A Corporate Model Built on Employee Choice

By: Regina E. Herzlinger and Barak D. Richman

The U.S. employer-based health insurance tax exclusion created a system of employer-sponsored insurance (ESI) with limited insurance choices and transparency that may lock employed households into health plans that are costlier or different from those they prefer to... View Details

Keywords: After-tax Income; Consumer-driven Health Care; Health Care Costs; Health Insurance; Income Inequality; Tax Policy; Health Care and Treatment; Cost; Insurance; Employees; Income; Taxation; Policy; United States

Citation

SSRN

Read Now

11 Apr 2023
Research & Ideas

Is Amazon a Retailer, a Tech Firm, or a Media Company? How AI Can Help Investors Decide

S&P 500? There are trillions and trillions of pension assets in S&P funds. Some things are just sticky because they are the benchmark. You Might Also Like: 8 Strategies to Sustain Business Innovation Why Technology Alone Can't... View Details

Keywords: by Danielle Kost; Consumer Products; Real Estate; Financial Services; Retail

14 Mar 2023
In Practice

What Does the Failure of Silicon Valley Bank Say About the State of Finance?

reestablishing confidence in the broader financial system. As to SVB, its credit specialization in the VC space is leaving an important void. I am less concerned about subscription lines, although this might temporarily bounce into View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

06 Oct 2003
Research & Ideas

The Problem with Hedge Funds

new sophisticated players in the investment world into which not only wealthy individuals but large pension funds and endowments have poured money. Big investors such as hedge funds are secretive, and small investors aren't sufficiently... View Details

Keywords: by D. Quinn Mills

28 Jun 2022
Book

The Moral Enterprise: How Two Companies Profit with Purpose

How can government and business work together in this fractious political moment, when finding solutions to pressing problems like inequality and climate change are more urgent than ever? Rebecca Henderson, Harvard University’s John and Natty McArthur University... View Details

Keywords: by Avery Forman

11 Oct 2006
What Do You Think?

How Do We Respond to the “Dependency Ratio” Dilemma?

growing dependency ratios at the level of the firm tell us, regardless of where we are in the world. But several deplored what has been done about them. According to Francine McKenna, "There's no pension crisis in the executive suite... View Details

Keywords: by Jim Heskett

17 Aug 2021
Op-Ed

Dispensing Justice: The Case for Legalizing Cannabis Nationally

services. Institutional investors, such as endowments and pension funds, often have “vice clauses” prohibiting investments in Schedule I industries. Even private investors are dissuaded by the industry’s lack of access to bankruptcy... View Details

Keywords: by Ashish Nanda and Tabatha Robinson

03 Jan 2023
What Do You Think?

How Would the Leadership Style of Girl Scouts' Frances Hesselbein Fare Today?

they want to give back. We had that too a generation ago. It was called a pension plan, and it gave back to the people who put the C-level folk in those mahogany offices. Welch was a product of the time when all that changed, and it is... View Details

Keywords: Re: James L. Heskett

02 Mar 2021
HBS Case

The Tulsa Massacre: Is Racial Justice Possible 100 Years Later?

requires us to address the past,” Desai says. Indeed, the case covers other episodes where victims of racial injustices have been compensated, and these efforts at reparations have been critical for progress. West Germany paid reparations to the state of Israel and... View Details

Keywords: by Michael Blanding

23 Aug 2019
Sharpening Your Skills

Has the Corporate Mission Just Been Disrupted?

overcoming long odds. Should a Pension Fund Try to Change the World? Can inclusivity, sustainability, and better governance boost economies? Rebecca Henderson and George Serafeim discuss the impact investing efforts of GPIF, Japan’s... View Details

Keywords: by Sean Silverthorne; Green Technology

24 Jul 2013
Op-Ed

Detroit Files for Bankruptcy: HBS Faculty Weigh In

mountain of pension costs. John Macomber, Robert Pozen, and Eric Werker—offer their views on some down-the-road scenarios. Beyond A Bailout By: Senior Lecturer John Macomber Detroit has failed. Why did this happen, might there be more big... View Details

Keywords: by John Macomber, Robert C. Pozen, Eric D. Werker & Benjamin Kennedy; Auto

10 Sep 2013
First Look

First Look: September 10

of exiting or continuing to build her business. Purchase this case: http://hbr.org/search/313149-PDF-ENG Harvard Business School Case 313-139 Note on Pension Guarantee Funds The United States and the United Kingdom both had... View Details