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  • 2023
  • Working Paper

When Should Public Programs Be Privately Administered? Theory and Evidence from the Paycheck Protection Program

By: Alexander Bartik, Zoë B. Cullen, Edward L. Glaeser, Michael Luca, Christopher Stanton and Adi Sunderam
What happens when public resources are allocated by private companies whose objectives may be imperfectly aligned with policy goals? We study this question in the context of the Paycheck Protection Program (PPP), which relied on private banks to disburse aid to small... View Details
Keywords: Paycheck Protection Program; Targeting; Impact; Entrepreneurship; Health Pandemics; Small Business; Financing and Loans; Outcome or Result; United States
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  • 13 Nov 2017
  • Research & Ideas

Want to Be Happier? Spend Some Money on Avoiding Household Chores

finite lives. “The less control you feel you have over your daily experience, the less happy you feel. Money is a tool that allows you to purchase that control.” “People save for vacations, personal experiences, going out for nice meals, and View Details
Keywords: by Dina Gerdeman
  • 21 Jan 2014
  • First Look

First Look: January 21

several mechanisms: by conferring employer recognition, by enhancing social visibility, and by facilitating social comparison. In a nationwide health worker training program in Zambia, we design a field experiment to unbundle these... View Details
Keywords: Sean Silverthorne
  • Web

Sustainable Business Strategy Course | HBS Online

my career and am looking for a path to becoming a chief sustainability officer or sustainability manager with a company I can align my values with. This class seemed like the perfect opportunity to give me the right tools to learn more... View Details
  • 03 Dec 2014
  • What Do You Think?

Can the Brilliant Jerk Be Managed Effectively?

"make sure he is upsetting things for the wrong reason rather than for the right reason." Joseph Seiler recalled that in growing companies where he worked, "I came across a few of these Type 4 people. What seemed to help... View Details
Keywords: by James Heskett
  • 01 Dec 2022
  • News

My First Job

Edited by Jen McFarland Flint; illustrations by Ross MacDonald Here’s the humbling truth: no matter how high your career soars, how many awards you win or companies you sell or differences you make in this world, everyone has to start... View Details
Keywords: Business Schools & Computer & Management Training; Educational Services
  • 18 Mar 2019
  • Research & Ideas

Stuck in Commuter Hell? You Can Still Be Productive

with high trait self-control tend to take commuting more in stride, since they naturally transition into their work role more easily by setting priorities for the day ahead. Meanwhile, workers with lower levels of trait self-control don’t plan ahead as much and are... View Details
Keywords: by Dina Gerdeman
  • 24 Oct 2019
  • Blog Post

Harvard’s JD/MBA: Viroopa Volla (JD/MBA 2021) Answers Your Questions

like?  How do JD/MBAs engage with them? One of the biggest advantages to being in the program is the current JD/MBA cohort and the broader alumni network. The entire group is very close-knit—for instance, the group maintains a... View Details
  • 04 Nov 2013
  • Research & Ideas

The Real Cost of Bribery

payment, how it was detected, and the way the firm responded to the bribe after it was uncovered. To test the hypothesis, Serafeim evaluated data from the forensic services practice of PricewaterhouseCoopers, which provides global consulting services to View Details
Keywords: by Carmen Nobel
  • 03 Aug 2009
  • Research & Ideas

Corporate Social Responsibility in a Downturn

Is the economic downturn affecting the willingness and readiness of companies to look at the economic, social, and environmental impact of their business practices? Or is this a perfect time to reassess current programs and adapt them to... View Details
Keywords: by Martha Lagace
  • Web

McCollum Center | About

where he served as chairman from 1947 to 1972. Leonard McCollum (1902-1993) gained a reputation as a skilled oil industry leader during his early career with Standard Oil. He joined Continental Oil when it was a medium-sized company with... View Details
  • 31 Jan 2014
  • News

Body, Heal Thyself

BANCEL Throughout 2009 and 2010, Stéphane Bancel (MBA 2000) had received upward of 20 calls from biotech companies asking him to come aboard and lead the company. It made sense. He was a highly recruited CEO successfully running... View Details
Keywords: Maureen Harmon; biotech; Health, Social Assistance; Scientific Research and Development Services
  • Web

1929: The Great Crash - Bubbles, Panics & Crashes – Historical Collections – Harvard Business School

over. 14 Part of the popularity of the regional exchanges was due to the lax listing requirements that made them particularly attractive to firms engaging in dubious issues such as highly leveraged investment trusts. Firms listed on one... View Details
  • Forthcoming
  • Article

When Should Public Programs Be Privately Administered? Theory and Evidence from the Paycheck Protection Program

By: Alexander W. Bartik, Zoë Cullen, Edward L. Glaeser, Michael Luca, Christopher Stanton and Adi Sunderam
What happens when public resources are allocated by private companies whose objectives may be imperfectly aligned with policy goals? We study this question in the context of the Paycheck Protection Program (PPP), which relied on private banks to disburse aid to small... View Details
Keywords: Paycheck Protection Program; Targeting; Impact; Entrepreneurship; Health Pandemics; Small Business; Financing and Loans; Outcome or Result; United States
Related
  • Web

William R. Kerr | About

businesses compete with each other and engage workers. This multi-faculty project identifies how companies, schools, workers and the public sector can come together to manage the challenging transitions ahead as the nature of work is... View Details
  • Web

Frequently Asked Questions | HBS Online

Although professors and guest experts will not have direct, real-time interactions with learners, you will hear from them via short videos that explain key concepts and guide you through cases, exercises, and other interactive learning elements to create a highly View Details
  • Profile

Bryan Stromer

diversity of perspectives in my section shines through most when I see how my section mates with different points of view engage with the same content. For example, we recently had a case that focused on why View Details
  • 07 Nov 2017
  • First Look

New Research and Ideas: November 7, 2017

discussion about it in comparison with some other alternatives to hierarchy. We then characterize the recent surge of socially engaged models of enterprise and press the case that this turning point warrants reconsideration of the merits... View Details
Keywords: Carmen Nobel
  • September 2023 (Revised September 2023)
  • Teaching Note

Roche: Innovation and Access to Healthcare

By: George Serafeim
Teaching Note for HBS Case No. 123-075. In May 2022, Roche Group, one of the largest healthcare companies in the world, hosted its first investor event focused exclusively on its efforts to impact access to healthcare. While Roche had recently set an ambitious goal to... View Details
Keywords: ESG; Access To Care; Healthcare; Healthcare Access; Innovation; Social Impact; Affordable; Health Care and Treatment; Innovation and Invention; Product Development; Resource Allocation; Corporate Social Responsibility and Impact; Health Industry
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  • 10 Apr 2012
  • First Look

First Look: April 10

Corstjens and Rajiv Lal Publication:Harvard Business Review 90, no. 4 (April 2012) Abstract Most companies assume that the easiest way to grow is by investing overseas and that the developing world offers the best opportunities for... View Details
Keywords: Carmen Nobel