Expectations - Publications - Faculty & Research

1987
Working Paper

Tests of Excess Forecast Volatility in the Foreign Exchange and Stock Markets

Simple regression tests that have power against the alternatives that asset prices and expected future asset returns are excessively volatile are developed and performed for the foreign exchange and stock markets. These tests have a number of advantages over... View Details

Keywords: Risk Aversion; Risk; International Investing; International Finance; Risk and Uncertainty; Asset Pricing; Financial Markets; Investment; Behavioral Finance; Volatility

Citation

03 Apr 2019
News

Africa rising? A historical perspective

30 Jan 2015
News

Super Bowl XLIX: A Battle for Your Attention

05 Mar 2015
News

Open offices seem great — until you work in one

20 Aug 2021
Video

Career Vision Workshop: Introduction

April 2004 (Revised September 2007)
Case

Accounting Fraud at WorldCom

By: Robert S. Kaplan and David Kiron

The principal players in WorldCom's accounting fraud included CFO Scott Sullivan, the General Accounting and Internal Audit departments, external auditor Arthur Andersen, and the board of directors. The case provides sufficient detail to allow for a full discussion of... View Details

Keywords: Governance Controls; Governing and Advisory Boards; Crime and Corruption; Ethics; Financial Reporting; Organizational Culture; Corporate Governance; Accounting Audits

Citation

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12 Feb 2019
News

4 Important Steps to Take After a Cancer Diagnosis

05 Aug 2022
News

CEOs Blame Remote Workers for Slow Sales, Earnings Shortfalls

May 2011
Article

Can Nervous Nelly Negotiate? How Anxiety Causes Negotiators to Make Low First Offers, Exit Early, and Earn Less Profit

By: A.W. Brooks and M.E. Schweitzer

Negotiations trigger anxiety. Across four studies, we demonstrate that anxiety is harmful to negotiator performance. In our experiments, we induced either anxiety or neutral feelings and studied behavior in negotiation and continuous shrinking-pie tasks. Compared to... View Details

Keywords: Behavior; Negotiation Participants; Outcome or Result; Emotions

Citation

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20 Sep 2004
Research & Ideas

How Consumers Value Global Brands

brands, in industries as diverse as information technology and oil. Social Responsibility. People recognize that global companies wield extraordinary influence, both positive and negative, on society's well-being. They expect firms to... View Details

Keywords: by Douglas B. Holt, John A. Quelch & Earl L. Taylor

Research Summary

Risk Measurement

By: David E. Bell

David E. Bell has completed research on the measurement of financial risk. The concepts of risk and return are widely used, at least informally, in the appraisal of financial opportunities. Return is typically measured by the expected value of a project, risk by the... View Details

August 2001 (Revised April 2002)
Case

Strategic Capital Management, LLC (A)

By: Mark L. Mitchell, Erik Stafford and Todd Pulvino

Strategic Capital Management, LLC, is a hedge fund that is planning to make financial investments in Creative Computers and Ubid. Creative Computers recently sold approximately 20% of its Internet auction subsidiary, Ubid, to the public at $15 per share. Ubid's stock... View Details

Keywords: Risk and Uncertainty; Business Subsidiaries; Internet and the Web; Investment Funds; Price; Performance Efficiency; Capital Markets; Auctions; Investment Return; Equity; Planning; Financial Services Industry

Citation

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Research Summary

A Temporal View of the Costs and Benefits of Self-Deception

Researchers have documented many cases in which individuals rationalize their regrettable actions. Four experiments examine situations in which participants go beyond merely explaining away their misconduct to actively deceiving themselves. We find that those who... View Details

A New Analysis of Differential Privacy’s Generalization Guarantees

We give a new proof of the “transfer theorem” underlying adaptive data analysis: that any mechanism for answering adaptively chosen statistical queries that is differentially private and sample-accurate is also accurate out-of-sample. Our new proof is elementary and... View Details

27 Oct 2011
News

IBM's 1st female CEO seen as excellent fit

17 Oct 2014
Research & Ideas

New Treasury Rules Help Long-Retirement Planning

The United States Treasury recently amended its rules to encourage workers with retirement plans to purchase life annuities within these plans. Life annuities generally make fixed monthly payments from the date of retirement until the death of the purchaser. For years,... View Details

Keywords: by Robert Pozen; Financial Services

12 Oct 2011
News

Study: Yelp Ratings Linked to Restaurant Revenue

22 Jul 2016
News

Verizon Still an Ad Laggard to Google, Facebook After Yahoo Deal

29 May 2017
Blog Post

The Diverse Community at HBS

with a liberal arts background, I had been thinking about going to business school to learn more about different industries and topic areas (like finance and accounting) in order to better position myself to impact the way people consume media in the future. I wasn’t... View Details

October 2024
Article

Founder-CEO Compensation and Selection into Venture Capital-Backed Entrepreneurship

By: Michael Ewens, Ramana Nanda and Christopher Stanton

We show theoretically that a critical determinant of the attractiveness of VC-backed entrepreneurship for high-earning potential founders is the expected time to develop a startup’s initial product. This is because founder-CEOs’ cash compensation increases... View Details

Keywords: Entrepreneurship; Venture Capital; Executive Compensation