Shareholder Litigation Risk - Publications - Faculty & Research

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Accounting & Management Awards & Honors - Faculty & Research

Vote for "Short-Termism, Shareholder Payouts, and Investment in the EU" (June 2021) with Jesse M. Fried. Charles C.Y. Wang : Received the Wyss Award for Excellence in Doctoral Student Mentoring in 2022. Yuan Zou : Winner of the 2022... View Details

23 Mar 2023
Research & Ideas

As Climate Fears Mount, More Investors Turn to 'ESG' Funds Despite Few Rules

Investor interest in social responsibility has skyrocketed in the past three years, even as US regulations to hold companies accountable remain in flux and the environmental, social, and governance (ESG) label itself draws backlash. Investors are willing to pay a... View Details

Keywords: by Rachel Layne; Financial Services

08 Mar 2011
First Look

First Look: March 8

management friendly provisions, we identify the economic determinants of the resulting trade-offs for shareholder value. Consistent with the theory, our empirical analysis shows that provisions that allow managers to delay takeovers have... View Details

Keywords: Sean Silverthorne

11 Jun 2018
Research & Ideas

Why South Korea's Samsung Built the Only Outdoor Skating Rink in Texas

Gurun used a database that tracks litigation against 1,000 top firms in the US stock market, looking at all lawsuits between 1995 and 2013. They cross-referenced that with a database of advertising spending by the same companies in more... View Details

Keywords: by Michael Blanding; Legal Services

January 2021 (Revised May 2021)
Case

'GEnron'? Markopolos versus General Electric (A)

By: Jonas Heese and David Lane

In August 2019, Harry Markopolos—the forensic accountant known for uncovering Bernie Madoff’s Ponzi scheme—alleged that General Electric had committed accounting fraud totaling $38 billion, coining the term “GEnron” for perceived similarities with the 2001 accounting... View Details

Keywords: Financial Statements; Communication; Energy; Financial Condition; Insurance; Performance; Planning; Business and Shareholder Relations; Risk and Uncertainty; Value; Insurance Industry; Financial Services Industry; Energy Industry

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20 Oct 2008
Research & Ideas

The Seven Things That Surprise New CEOs

reporting on results and management's decisions. Surprise Six: Pleasing Shareholders Is Not The Goal Warning signs: Executives and board members judge actions by their effect on stock price. Analysts who don't understand the business push... View Details

Keywords: by Michael E. Porter, Jay W. Lorsch & Nitin Nohria

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Winners & Runners-Up | New Venture Competition

genetic risk diagnostic company. MyHappyPlanet.com Karen Ong Steve Davis Ethan Laub Todd Pinkerton Francois Gagnon Business Track Runner-Up MyHappyPlanet.com provides a fun way to learn languages through peer-to-peer learning and... View Details

17 Nov 2009
First Look

First Look: Nov. 17

independent of the shortcomings in the regulatory system. Managers and boards of directors in scores of systemically important firms failed to protect employees, customers, or shareholders and placed the global financial system at risk. I... View Details

Keywords: Martha Lagace

27 Apr 2021
Research & Ideas

IPO or M&A? How Venture Capital Shapes a Startup's Future

worked closely together tend to hold on to startups longer—four and a half years, on average—before moving toward a high-profile exit. While becoming a public company can bring a startup more attention and retain the original management team, the View Details

Keywords: by Rachel Layne

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Globalization - Faculty & Research

Management ; Product Design ; Product Development ; Organizational Change and Adaptation ; Organizational Culture ; Organizational Design ; Strategic Planning ; Business and Shareholder Relations ; Business and Stakeholder Relations ;... View Details

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Finance & Investing - Business & Environment

Change in 2020: Implications for Business BlackRock: Linking Purpose to Profit Governing PG&E Indigo Agriculture: Harnessing Nature Shareholder Activism and Firms' Voluntary Disclosure of Climate Change View Details

15 Nov 2011
First Look

First Look: November 15

http://www.hbs.edu/research/pdf/11-123.pdf Organizational Toolmaking: Transformations in the Influence of Experts Authors:Matthew Hall, Anette Mikes, and Yuval Millo Abstract In this study, we examine transformations in the influence of View Details

Keywords: Sean Silverthorne

30 Apr 2020
Book

Fighting Climate Change Requires a New Capitalism

Rebecca Henderson spent her young adult years living two lives. At work, she preached the risks of resisting change to MBA students at the Massachusetts Institute of Technology, drawing on lessons she learned while watching factories close as a management consultant.... View Details

Keywords: by Danielle Kost; Energy

04 Feb 2013
Research & Ideas

Are the Big Four Audit Firms Too Big to Fail?

the risks of failure. Adding to this concern is that even as the number of mega audit firms has contracted from eight in the 1980s to four today, their combined market share remains formidable, especially in the United States. The... View Details

Keywords: by Martha Lagace; Accounting

October 2021
Case

Financial Reporting at Mattel

By: Aiyesha Dey, Trung Nguyen, Marshal Herrmann and Julia Kelley

In September 2020, Diana Ferguson was nearing her first Audit Committee meeting as the newly appointed Audit Committee chair of Mattel, Inc. Mattel was just recovering from an accounting scandal which had revealed the company’s poor internal controls and weak board... View Details

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Business Finance Course Online | HBS Online

Featured Exercises Market-to-book ratios exercises Match companies to their cost of debt and industries to their betas 6-7 hrs Module 5 Valuation Determine how the future affects value today, compare various valuation methods, and discuss potential View Details

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HBS Alumni Conference: Accelerating Climate Solutions - Alumni

their shareholder votes. Meanwhile, several NGOs have built certifications and other monitoring and assessment tools to understand how companies are progressing against their targets. This panel will explore the different mechanisms and... View Details

09 Oct 2001
Research & Ideas

Driven: How Human Nature Shapes Organizations

will be engaged in every item of behavior that takes place at work. Likewise, all the other people engaged with the focal organization—its customers, its shareholders and creditors, its suppliers, its neighbors and its regulators—will... View Details

Keywords: by Paul Lawrence & Nitin Nohria

16 Jul 2013
First Look

First Look: July 16

from shareholders than directors in a benchmark sample. They are also more likely than other independent directors to leave sued firms. Overall, shareholders use litigation... View Details

Keywords: Anna Secino

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Sustainable Investing Course | HBS Online

strategies Gain insights into the climate risk inherent in investment opportunities Discover how to integrate risks into financial models Think critically about how and where to add value while avoiding... View Details

Publications