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  • 16 Feb 2021
  • Research & Ideas

To Fight Climate Change, Should Green Investors Reconsider Big Oil?

allocated to sustainable funds that invest in companies with specific environmental, social, and governance (ESG) factors and goals. Since 2015, when the US Department of Labor began allowing pension fund managers to incorporate ESG... View Details
Keywords: by Kristen Senz; Energy
  • 09 Jul 2013
  • Research & Ideas

Catching Up With Boards--Jay Lorsch

couple of decades, however, there's been growing pressure to separate the two jobs in the interest of more effective checks and balances. This comes mostly from the big state employee pension funds like CalPERS, some of the big union... View Details
Keywords: by Jim Aisner
  • 23 Aug 2011
  • First Look

First Look: August 23

behavioral biases or informational limitations. These explanations imply that absent behavioral or informational effects, larger menus would be objectively better. However, in an important economic context—401(k) pension plans—we find... View Details
Keywords: Sean Silverthorne
  • 03 Oct 2006
  • First Look

First Look: October 3, 2006

breezes of change have been in evidence for a number of years, it remains true that most pensions and institutional investors maintain outsized allocations to active long-only (ALO) managers, with comparatively high fees. The question is:... View Details
Keywords: Sean Silverthorne
  • 05 Jul 2017
  • Research & Ideas

Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients?

investors (such as hedge funds, mutual funds, and pension funds) from 1999 to 2014. The information came from Abel Noser Solutions (formerly Ancerno Ltd.), a firm that performs transaction cost analysis for institutional investors—and... View Details
Keywords: by Carmen Nobel; Financial Services
  • 19 Jun 2012
  • First Look

First Look: June 19

between two broad, general varieties of state capitalism: one through majority control of publicly traded companies (e.g., state-controlled SOEs) and a hybrid form that relies on minority investments in companies by development banks, View Details
Keywords: Sean Silverthorne
  • 17 May 2010
  • Research & Ideas

What Brazil Teaches About Investor Protection

corporate standards in Brazil improved enormously, not only because the regulator became tougher and introduced more transparent disclosure standards, but also because there was a big movement to improve corporate governance led by View Details
Keywords: by Sean Silverthorne; Banking; Financial Services
  • 28 Aug 2017
  • Research & Ideas

Should Industry Competitors Cooperate More to Solve World Problems?

a company remains in the index they will keep holding the stock. Second, large pension funds such as Norges Bank Investment Management, AP, and the New York State Common Retirement Fund. They also tend to hold significant portions of the... View Details
Keywords: by Sean Silverthorne; Financial Services; Manufacturing; Agriculture & Agribusiness; Mining
  • 20 Jan 2003
  • Research & Ideas

Fixing Corporate Governance: A Roundtable Discussion at Harvard Business School

from this short-term fixation. Palepu: Through tax deferments on pension money, society is giving tax breaks so that people can save and invest for the long term. And so one idea that has been proposed is that, because the government is... View Details
Keywords: by Garry Emmons
  • 15 Jan 2019
  • First Look

New Research and Ideas, January 15, 2019

minimize the impact of taxes on their investors’ returns. The assignment was complicated as KSW had different categories of investors (a sovereign wealth fund, pension funds, and high net worth individuals) each of which had different tax... View Details
Keywords: Dina Gerdeman
  • 27 Aug 2013
  • First Look

First Look: August 27

vice-chairman of the Blackstone Group, is the protagonist. At the time of the case, BAAM was considering two potential directions for future growth: 1) providing hedge fund products for the defined-contribution pension space and 2)... View Details
Keywords: Sean Silverthorne
  • 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
Keywords: Sean Silverthorne
  • 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
  • 05 Aug 2002
  • Research & Ideas

Are Consumers the Cure for Broken Health Insurance?

control ensures that many consumers' and providers' needs go unmet and that industry inefficiency goes unchecked. In many ways, the current health insurance model resembles the way companies used to manage their employees' retirement savings. In traditional defined... View Details
Keywords: by Regina E. Herzlinger
  • 19 Mar 2006
  • Research & Ideas

Unlocking Your Investment Capital

How can the equity swap help alleviate the common mismatch between pension assets and liabilities that companies often carry? A: If the pension fund holds equities, then these assets have a "risk... View Details
Keywords: by Ann Cullen; Financial Services
  • 05 Aug 2002
  • Research & Ideas

Five questions for Regina E. Herzlinger

provide health insurance, but who cannot afford it, will find new, lower-cost consumer-driven health care policies, such as those offered by California's Wellpoint, that help them achieve their goal. Employees in defined-contribution View Details
Keywords: by Martha Lagace
  • 15 Aug 2007
  • Op-Ed

3 Steps to Reduce Financial System Risk

set of investors who previously had limited access to complex derivative products. These include insurance companies and public and private pension funds. They see the products as a way to earn higher yield. The growing purchase by such... View Details
Keywords: by Mohamed El-Erian; Financial Services; Banking
  • 16 Dec 2014
  • First Look

First Look: December 16

taxes. We use the model to evaluate the welfare consequences of a range of alternative policies. Download working paper: http://ssrn.com/abstract=2533977 Lobbying Behavior of Governmental Entities: Evidence from Public Pension Accounting... View Details
Keywords: Sean Silverthorne
  • 11 Feb 2019
  • Research & Ideas

The Business of Saving the Planet

2018: Implications for Business This background note provides general information about climate change and its implications for business. Working Knowledge Stories on the Business of Environmental Sustainability Should a Pension Fund Try... View Details
Keywords: by Sean Silverthorne; Energy; Green Technology
  • 22 Apr 2020
  • Research Event

How Investors Are Sizing Up Climate Change’s Risks—and Opportunities

Until a few years ago, climate change’s potential impact seemed abstract for many investors. Now, as sea levels rise, hurricanes intensify, and droughts threaten food supplies, many investors are confronting its financial realities. But it’s not a simple calculation.... View Details
Keywords: by Danielle Kost; Financial Services
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