Publications

2024
Working Paper

Changing Perceptions and Post-Pandemic Monetary Policy

By: Michael D. Bauer, Carolin Pflueger and Adi Sunderam

We document that the Fed’s perceived monetary policy response to inflation shifted materially over the post-pandemic period. In forward-looking policy rules estimated from surveys of macroeconomic forecasters, the inflation coefficient rose significantly after liftoff... View Details

Keywords: Policy; Inflation and Deflation; Interest Rates; Perception; Government Administration

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Web

Blending Traditional Models of Philanthropy with Business | Social Enterprise | Harvard Business School

the years, from my time working in microfinance to my current work with high-growth entrepreneurs. Is it socially impactful to support charities or social enterprises that have no path to scalability? Does creating middle-class jobs count less towards social impact... View Details

Fast Answer

Managing & Investing in a Fast-Growing Emerging Market: India

style="font-family:"Arial",sans-serif">India -- Politics and government -- 21st century Social entrepreneurship -- India Add additional topic keywords, date ranges, and/or limit... View Details

November 2023 (Revised June 2025)
Case

Aviva plc: Examining Net Zero

By: Peter Tufano, Brian Trelstad and Matteo Gasparini

The board of Aviva Plc, one of the world’s largest insurers, must review its climate risk exposures and evaluate next steps. Risk experts at the firm have conducted a robust set of analyses prepared for its regulator, the Bank of England, simulating how various climate... View Details

Keywords: Analysis; Climate Change; Insurance; Governing and Advisory Boards; Risk Management; Adaptation; Financial Services Industry; Insurance Industry; Europe; United Kingdom

October 2008 (Revised September 2009)
Case

Consumer Lending in Japan: Citi CFJ (A)

By: J. Gunnar Trumbull and Akiko Kanno

Despite a tradition of high household savings, Japan has supported a dynamic and technically sophisticated consumer-lending sector. The high profitability of the sector has periodically attracted interest from domestic banks as well as international investors. Most... View Details

Keywords: Mergers and Acquisitions; Financing and Loans; Foreign Direct Investment; Personal Finance; Courts and Trials; Business and Government Relations; Banking Industry; Japan

November 2007 (Revised June 2016)
Case

British Land

By: Lucy White

British Land's shares traded below NAV. Laxey investments tried to force British Land into share buybacks and criticized its corporate governance. Laxey voted borrowed shares at the AGM. View Details

Keywords: Stock Shares; Valuation; Property; Investment; Corporate Governance; Real Estate Industry; London

2018
Working Paper

It is Easy to be Brave From a Safe Distance: Proximity to the SEC and Insider Trading

By: Trung Nguyen and Quoc H. Nguyen

We use hand-collected data from SEC’s litigation releases for insider trading violations to examine the effect of geographic distance on its enforcement activities and insider trading activities. First, we find that the SEC is more likely to investigate companies that... View Details

Keywords: SEC; Enforcement; Financial Misconduct; Insider Trading; Geographic Proximity; Governance Compliance; Law Enforcement; Geographic Location; Finance; Crime and Corruption

SSRN

11 Dec 2018
First Look

New Research and Ideas, December 11, 2018

typically each government used artificially low energy prices to keep the population subdued and the revenues from Yacimientos Petroliferos Fiscales (YPF) to finance these subsidies or worse to line their... View Details

Keywords: Dina Gerdeman

01 Jun 2000
News

Social Capital Markets: Creating Value in the Nonprofit World

going to the annual dinner." In addition, says Grossman, there's growing pressure from the government and other funders for "outcome-based" funding -- an approach based on nonprofits achieving certain goals. "It comes down to people... View Details

Keywords: Anne Kavanagh

1991
Chapter

Effects of LBOs on Tax Revenues of the U.S. Treasury

By: Michael C. Jensen, Laura Stiglin and Steven N. Kaplan

Keywords: Leveraged Buyouts; Taxation; Sovereign Finance; United States

SSRN

Article

An Empirical Investigation of Tax Factors and Mutual Funds' Stock Sales Decisions

By: V.G. Narayanan and Steven Huddart

Keywords: Taxation; Stocks; Sales; Financial Instruments

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27 May 2014
First Look

First Look: May 27

Download working paper: http://ssrn.com/abstract=2182628 Government Green Procurement Spillovers: Evidence from Municipal Building Policies in California By: Simcoe, Timothy, and Michael W. Toffel Abstract—We study how View Details

Keywords: Sean Silverthorne

04 Jun 2018
Research & Ideas

Think of it as Professors in Cars Having Coffee

I’ve heard many ideas for reducing gun violence in the United States, but this was a new one on me. Mihir Desai, a finance professor at Harvard Business School, noted in a recent podcast that stock prices of gun manufacturers are severely... View Details

Keywords: by Sean Silverthorne; Education; Entertainment & Recreation

Web

Harvard Business School and Polaroid - Edwin H. Land & Polaroid | Harvard Business School

industry, and government—laid the foundation upon which entrepreneurship and innovation thrived in Eastern Massachusetts. Colleges and universities provided a wealth of resources through their research facilities, libraries, and graduates. Support for research and... View Details

10 Jun 2021
Blog Post

Managing Sustainable Advantage with Key ESG Cofounders, Anne-Marie Schoonbeek and Heleen van Poecke

together. Building on the friendship they formed at HBS, their MBAs, and learnings from their careers to date, Schoonbeek and van Poecke founded Key ESG, a software solution that helps businesses measure, manage, and report Environmental, Social, and View Details

June 2024
Teaching Note

Miami’s Climate Tech Potential (A): The State of Play

By: Rosabeth Moss Kanter and Ai-Ling Jamila Malone

Teaching Note for HBS Case No. 324-119. Miami-Dade County led the work to get South Florida designated a national climate resilience tech hub, the only one of 31 focused on climate change, an urgent major issue for the region in light of global warming and sea level... View Details

Keywords: Technology; Climate; Entrepreneur; Development; Startup; Climate Change; Venture Capital; Investment; Entrepreneurship; Green Technology; Government Administration; City; Miami

May 1998 (Revised April 2000)
Case

City of New York, The

By: Paul M. Healy

This case examines the economics of a municipality, and then explores its financial position from the perspective of a bond rating firm. View Details

Keywords: Bonds; Financial Management; Public Sector; City; Financial Statements; Government Administration

November 1974 (Revised December 1991)
Case

Foreign Investment in Canada (A)

By: Bruce R. Scott and Audrey T. Sproat

Keywords: Investment; Development Economics; Business and Government Relations; Canada

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September 2020
Article

Medicaid Work Requirements in Arkansas: Two-Year Impacts on Coverage, Employment, and Affordability of Care

By: Benjamin D. Sommers, Lucy Chen, Robert J. Blendon, E. John Orav and Arnold M. Epstein

In June 2018 Arkansas became the first U.S. state to implement work requirements in Medicaid, requiring adults ages 30–49 to work twenty hours a week, participate in “community engagement” activities, or qualify for an exemption to maintain coverage. By April 2019,... View Details

Keywords: Medicaid; Health Care Policy; Health; Health Care and Treatment; Policy; Insurance; Health Industry; Arkansas