Financial Decisions - Publications - Faculty & Research

April 2012
Article

The Predictive Value of Accruals and Consequences for Market Anomalies

By: Francois Brochet, Seunghan Nam and Joshua Ronen

We revisit the role of the cash and accrual components of accounting earnings in predicting future cash flows using out-of-sample predictions and market value of equity as a proxy for all future cash flows. We find that, on average, accruals improve upon current cash... View Details

Keywords: Forecasting and Prediction; Investment Return; Value; Equity; Markets; Cash Flow; Information Management; Accrual Accounting; Earnings Management; Corporate Governance; Stocks

Citation

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20 Sep 2011
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First Look: September 20

innovation in clusters should account for these links. Securitization without Adverse Selection: The Case of CLOs Authors:Effi Benmelech, Jennifer Dlugosz, and Victoria Ivashina Publication:Journal of Financial Economics (forthcoming)... View Details

Keywords: Sean Silverthorne

01 Apr 1999
News

Q & A: Confronting New Technologies: When Doing Right Is Wrong

technologies seldom make sense to managers, given their corporate perspective. There are two reasons for this. First, customers exert tremendous influence over managers' decisions and the directions they pursue. Since customers cannot use... View Details

27 Mar 2018
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First Look at New Research, March 27, 2018

(benefits) for firms with weak (strong) nonfinancial performance and disclosure. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=54302 Government Incentives and Financial Intermediaries: The Case of Chinese Sell-Side... View Details

Keywords: Sean Silverthorne

17 Sep 2024
Blog Post

The International Experience at HBS: Zoe Sun (MBA 2024)

Zoe Sun (MBA 2024) is a recent graduate from China. Prior to HBS, she worked at an Asia-focused private equity fund in Hong Kong. At HBS, she was Co-Chief Admissions Ambassador and Social Chair for Greater China Club. She is a recipient of the Global Opportunity... View Details

01 Dec 2012
News

Rival Visions

After its war of liberation from England, America was bankrupt, disjointed, and devoid of experience in governance. "The new country could have broken apart because of its financial problems," HBS professor emeritus Thomas McCraw writes... View Details

04 Sep 2018
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New Research and Ideas, September 4, 2018

this leave the classic strategy with its reliance on the one financial advisor office as the sole channel of distribution? Purchase this case:https://hbsp.harvard.edu/product/719411-PDF-ENG Harvard Business School Case 716-448 JPMorgan... View Details

Keywords: Dina Gerdeman

03 Sep 2013
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First Look: September 3

developed between analysts and managers by investigating analyst coverage decisions in the context of CEO and CFO moves between publicly listed firms. We find that top executive moves from an origin firm to a destination firm trigger... View Details

Keywords: Sean Silverthorne

01 Feb 2001
News

Drilling Down

and decision trees." "It's an exciting industry for anyone who has a technical, commercial, and financial background," says James T. Hackett (MBA '79), president, CEO, and chairman of Houston-based Ocean... View Details

Keywords: Hanna, Julia; Matthew R. Simmons; Oil and Gas Extraction; Mining; Natural Gas Distribution; Utilities

Web

Moving to the U.S. With a Family - MBA

Business & Environment Career Change Career and Professional Development Case Method Clubs Curriculum Digital Entrepreneurship FIELD Financial Aid Health Care Instagram Takeover JD/MBA Leadership Letters to Classmates MBA/MPP & MBA/MPA-ID... View Details

Web

Addressing Inequities in Education: Social Enterprise Summer Fellow Amal Tariq (MBA 2025) - MBA

Business & Environment Career Change Career and Professional Development Case Method Clubs Curriculum Digital Entrepreneurship FIELD Financial Aid Health Care Instagram Takeover JD/MBA Leadership Letters to Classmates MBA/MPP & MBA/MPA-ID... View Details

28 Sep 2009
Research & Ideas

Improving Accountability at the World Bank

accountability and effectiveness today? What should it do about them? With a detailed description of the Bank's challenges of democratic accountability, its constraints, and recommendations for the future, HBS professor Alnoor Ebrahim testified before the Committee on... View Details

Keywords: by Alnoor Ebrahim

09 Sep 2008
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First Look: September 9, 2008

H.Watson, Yu-Sheng Zheng Abstract In this paper, we study managers' errors in decision making for inventory replenishment and how these errors affect their inventory system. In particular, primarily for its expected relationship with the... View Details

Keywords: Sean Silverthorne

01 Sep 2010
News

RX for Change

the norm for health care than the exception. They may not have ever taken a management course, despite the challenge of overseeing dozens of employees across a variety of functions. They’re responsible for their unit’s financial... View Details

Keywords: Julia Hanna; Health, Social Assistance; Hospitals; Health, Social Assistance

21 Jan 2014
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First Look: January 21

Hong Abstract—When to sell a novel idea is a difficult decision for many innovators. Selling early has financial benefits. But a later-stage sale of a more fully developed idea may attract greater buyer... View Details

Keywords: Sean Silverthorne

05 May 2009
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First Look: May 5, 2009

Survive—Thrive: Leading Innovation in Good Times and Bad Authors:Lynda M. Applegate and Bruce Harreld Abstract Battered by contracting markets and frozen credit, many businesses today are fighting for survival. Indeed, the current global View Details

Keywords: Martha Lagace

01 Jun 2023
News

Alumni and Faculty Books

Edited by Margie Kelley Alumni Books The Boxer of Quirinal By John Barr (MBA 1972) Red Hen Press All animals struggle to survive. In John Barr’s poems, the success of the heron hunting, the albatross breeding, the inchworm spinning give proof of life. But for us that... View Details

Keywords: Publishing Industries (except Internet); Information

08 Nov 2021
Blog Post

Building an Internship Program at Your Startup: An Interview with Facily’s Diego Dzodan (MBA 1999)

grow the business to five times its size over a period of three years. Then when Dzodan graduated university, he decided to temporarily pivot away from entrepreneurship, and he joined a large Argentinian company as an accountant. From there, he made the View Details

Keywords: Entrepreneurship; Consumer Products / Retail

11 May 2011
Research & Ideas

Building a Better Board

decisions that come before the board," Kaufman says. "One lesson from the recent global financial crisis was that some financial institution boards had few directors... View Details

Keywords: by Carmen Nobel

February 1992 (Revised April 1993)
Case

Acid Rain: The Southern Co. (A)

By: Forest L. Reinhardt

The Southern Co., an electric utility, is planning its compliance with the 1990 amendments to the Clean Air Act. The Act established a system of tradeable permits for sulfur dioxide emissions. The company must decide whether to install pollution control equipment and... View Details