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Show Results For
- All HBS Web
(7,896)
- People (38)
- News (2,924)
- Research (3,225)
- Events (32)
- Multimedia (170)
- Faculty Publications (1,742)
- 06 Jun 2013
- Op-Ed
How to Do Away with the Dangers of Outsourcing
Staffing, risks, benefits, and regulatory compliance are all increasingly externalized, most often to parts of the world where need routinely trumps prudence. Rather than manage their own corporate assets,... View Details
- 19 Nov 2010
- Research & Ideas
The Landscape of Integrated Reporting: An E-Book
make great progress in society. How can we get started down this path? One way is to introduce progressive ideas and practices that demonstrate to the world we care about more than profits. It's not that... View Details
- Web
The Spiritual Lives of Leaders - Course Catalog
division and conflict? In Spiritual Lives of Leaders, we aim to create a space apart from the high hurry of our day-to-day lives to explore these questions. We’ve curated an amazing community of leaders, scholars, and thinkers from around... View Details
- 01 Dec 2016
- News
Inside the Bestseller List with Gayle Tzemach Lemmon
the world, both for the better and for the more challenging,” says Lemmon, who wrote The Dressmaker while working at global investment management... View Details
Keywords: April White
- 10 Mar 2002
- Research & Ideas
Breakthrough Negotiation: Don’t Leave It On the Table
documents. Skilled negotiators therefore focus on continuing to learn at the negotiation table as they carefully gauge reactions and responses while testing hypotheses by asking questions and putting offers on View Details
Keywords: by Michael Watkins
- 05 Aug 2015
- What Do You Think?
What Happened to the ‘Innovation, Disruption, Technology’ Dividend?
How patient should we be in waiting for the tech productivity dividend? What do you think? Original Column For years we have been regaled with prospects of outsized productivity increases in the United... View Details
- September 2011
- Article
Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality
By: Mark J. Roe and Jordan I. Siegel
We here bring forward strong evidence that political instability impedes financial development, with its variation a primary determinant of differences in financial development around the world. As such, it needs to be added to the short list of major determinants of... View Details
Keywords: Financial Development; Political Instability; Government and Politics; Finance; Growth and Development; Economics; Equality and Inequality
Roe, Mark J., and Jordan I. Siegel. "Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality." Journal of Comparative Economics 39, no. 3 (September 2011): 279–309. (We here bring forward strong evidence that political instability impedes financial development, with its variation a primary determinant of differences in financial development around the world. As such, it needs to be added to the short list of major determinants of financial development. First, structural conditions first postulated by
Engerman and Sokoloff (2002) as generating long-term inequality are shown here empirically to be exogenous determinants of political instability. Second, that exogenously-determined political instability in turn holds back financial development, even when we control for factors prominent in the last decade's cross-country studies of
financial development. The findings indicate that inequality-perpetuating conditions that result in political instability are fundamental roadblocks for international organizations like the World Bank that seek to promote financial development. The evidence here includes country fixed effect regressions and an instrumental model inspired by Engerman and Sokoloff's (2002) work, which to our knowledge has not yet been used in finance and which is consistent with current tests as valid instruments. Four conventional measures of national political instability — Alesina and Perotti's (1996) well-known index of instability, a subsequent index derived from Banks' (2005) work,
and two indices of managerial perceptions of nation-by-nation political instability — persistently predict a wide range of national financial development outcomes for recent decades. Political instability's significance is time consistent in cross-sectional regressions back to the 1960's, the period when the key data becomes available, robust
in both country fixed-effects and instrumental variable regressions, and consistent across multiple measures of instability and of financial development. Overall, the results indicate the existence of an important channel running from structural inequality to political instability, principally in nondemocratic settings, and then to financial
backwardness. The robust significance of that channel extends existing work demonstrating the importance of political economy explanations for financial development and financial backwardness. It should help to better understand which policies will work for financial development, because political instability has causes, cures, and effects quite distinct from those of many of the key institutions most studied in the past decade as explaining financial backwardness.)
- 24 Apr 2014
- News
The power to change nuclear waste into cost-efficient energy
less expensive approach than traditional nuclear power, while cutting waste by 95 percent. During a family trip around the world in 2011, Wilcox saw how those who lacked access to electricity had poor... View Details
- 01 Aug 2008
- What Do You Think?
Has the Time Come for “Stretch” in Management?
flat-footed on the issue of fuel efficiency? Granted, Detroit was busy catering to consumer demands for more profitable, lower-mileage vehicles. But at the same time, could stretch have given greater urgency... View Details
Keywords: by Jim Heskett
- 01 Sep 2003
- News
Dean Clark Reflects on the School’s Key Initiatives
Course Platform, a significant enhancement to our already innovative Web-based tool that allows faculty and students to post and share class schedules, assignments, video, and handouts. Additionally, our faculty experimented with new ways to bring View Details
- Web
Bharti Kher The Intermediary Family 2018 | About
technique,” and a way “to resist old patriarchal regimes and to invent new hybrid worlds and hybrid creations.” Her sculpture The Intermediary Family of 2018 is based on a group of small clay objects from... View Details
- 27 Dec 2015
- Research & Ideas
The Most Popular Stories and Research Papers of 2015
Francisco (39,514) In San Francisco, tech companies are hoping to make the world a better place—but the fabric of the city is changing in View Details
- 13 Oct 2016
- News
Adding Muscle to the Fight Against Disease
of directors in terms of what should be most important in my life and career. The positive impact they are having across a variety of industries and in their own communities helps guide my personal and professional ambitions.” Repairing... View Details
Keywords: Deborah Blagg
- 08 Aug 2016
- Lessons from the Classroom
Panic Management: Keep Your Eyes on the Road
actually the moment that got me to reflect on how the world was changing, [including] the world sitting in front... View Details
Keywords: by Dina Gerdeman
- 14 May 2020
- Research & Ideas
What Leaders Can Do to Fight the COVID Fog
what the human body needs physically and mentally to respond to these challenges. Think of these as your new toolkit for high performance in a business world turned upside down. Let’s start with some... View Details
Keywords: by Boris Groysberg and Robin Abrahams
- 16 Dec 2011
- Research & Ideas
Reintroducing Intellectual Ambition to the Study of Business History
regional clusters. Naomi Lamoreaux and others have also underscored the financial and regulatory conditions in which innovation has flourished. Large datasets and econometric methods have enabled researchers to come up with powerful... View Details
Keywords: by Geoffrey Jones & Walter Friedman
- 13 Dec 2018
- Blog Post
Working at the Intersection of Business and Environment
environmental problems and their solutions to the fore. In past years, we’ve hosted Paul Polman (former CEO, Unilever), Carter Roberts MBA ’88 (CEO, World Wildlife Fund), Mark Tercek MBA ’84 (CEO, View Details
- 01 Apr 2002
- News
"Rising to the Challenge" Program Addresses Post-9/11 Issues
thought this would become my life's work," remarked Aossey, whose organization, formed in response to the Soviet invasion, trains medical personnel around the world in order to... View Details
- 06 Jun 2005
- What Do You Think?
Is a “Level Playing Field” a Good Thing?
college admissions to world trade. Its most current form has arisen in connection with moves by the United States to take actions to stem the influx of Chinese-produced goods.... View Details
Keywords: by James Heskett
- 31 Jan 2017
- Research & Ideas
The Dow at 20,000: What's That All About?
were in a new world where high tech ruled. We got to hear outlandish claims that stocks were riskless. The Dow did climb past 11,000 in the next few months but then went... View Details
Keywords: by Jim Aisner