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Show Results For
- All HBS Web
(708)
- People (1)
- News (146)
- Research (471)
- Events (3)
- Multimedia (2)
- Faculty Publications (164)
- 18 Nov 2022
- HBS Case
What Does It Take to Safeguard a Legacy in Asset Management?
companies, US mid-sized companies, international small companies, and international equity. Brown’s teams use revenue instead of market capitalization to define their areas of focus, and search for companies with high long-term View Details
- 11 Jan 2021
- Research & Ideas
Is A/B Testing Effective? Evidence from 35,000 Startups
experimentation For managers, implementing an experimentation strategy is about more than installing software and conducting a single experiment. It requires a long-term commitment. The effects Koning and his colleagues found often did... View Details
Keywords: by Kristen Senz
- 13 Jan 2020
- Research & Ideas
Do Private Equity Buyouts Get a Bad Rap?
benefit society: asset stripping, short-term profit at the expense of workers, and long-term stability. “There are certainly a lot of concerns around whether these kind of transactions are indeed fomenting inequality by getting rid of... View Details
- 13 Feb 2020
- Book
Open Your Organization to Honest Conversations
its profit and growth goals. In working with the company, Beer discovered that HP employees believed a lack of honest communication was a big impediment to surfacing deep underlying problems. As one employee put it, “You read about these... View Details
Keywords: by Dina Gerdeman
- 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.)
- Web
Executive Education - Entrepreneurship
time with HBS faculty and peers from around the world in programs that encourage and support entrepreneurial leadership. Entrepreneurship-related courses: Families in Business (12-17 NOV 2023) Promote long-term business success and... View Details
- 14 Jun 2011
- First Look
First Look: June 14
managers, and the company ends up as a collection of feudal baronies. This is a recipe for long-term failure, say the authors. Their research of 12 top management teams at major companies suggests that firms thrive only when senior teams... View Details
Keywords: Sean Silverthorne
- 31 Mar 2009
- First Look
First Look: March 31, 2009
Download the paper: http://www.hbs.edu/research/pdf/09-105.pdf Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors Author:Sharon P. Katz Abstract This study explores how firms' ownership structures affect their earnings quality and View Details
Keywords: Martha Lagace
- 05 Jun 2023
- What Do You Think?
Is the Anxious Achiever a Post-Pandemic Relic?
premium on “novelty and growth over the cyclical and the regenerative.” "It’s not that Gen Zers want to do nothing or even less. It’s just that they want to achieve in their own way and in their own sweet time." Athos taught and... View Details
Keywords: by James Heskett
- 22 Oct 2019
- Research & Ideas
Use Artificial Intelligence to Set Sales Targets That Motivate
Setting the right sales targets for employees is a difficult balancing act, with long-term consequences on growth and morale. Setting a target too low, making it easily achievable, might cause an an employee... View Details
Keywords: by Michael Blanding
- 21 Dec 2010
- First Look
First Look: December 21
concentrated long-term family ownership, few shareholders, and family management. This structure was successful within the historical context of the 1960s but came under attack during the crisis-ridden decades that followed. By tracing... View Details
- Web
Global Opportunity Fellowship GO: AFRICA - Alumni
and additional supporting materials as outlined below. PERSONAL STATEMENT (approximately 500 words) explaining: Your interest in Africa and how you hope to make a difference by working in the region. Your long-term career goals and how... View Details
- 17 Jun 2014
- First Look
First Look: June 17
demonstrate their impact on pressing societal problems such as global poverty. This article draws on several cases to build a performance assessment framework premised on an organization's operational mission, scale, and scope. Not all organizations should measure... View Details
Keywords: Sean Silverthorne
- Web
Events - Business History
regimes in developing Asia: Indonesia under Suharto's New Order, Malaysia under the Barisan Nasional, and China under the Chinese Communist Party." It shows how "all three regimes enjoyed periods of high growth and supposed alliances... View Details
- 13 Mar 2018
- First Look
March 13, 2018
historians in recent years, academic research on business groups has, to date, remained within the boundary of emerging markets. The major aim of this volume is to explore the long-term evolution of different varieties of large... View Details
Keywords: Sean Silverthorne
- 09 May 2017
- First Look
New Research and Ideas, May 9
approaches is often flawed. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=52604 Turbulence, Firm Decentralization and Growth in Bad Times By: Aghion, Philippe, Nicholas Bloom, Brian Lucking, Raffaella Sadun, and John... View Details
Keywords: Sean Silverthorne
- 01 Jun 2023
- News
Bridging the ESG Data Gap
environmental, social, and governance [ESG] performance for long-term value creation.” Murday developed and launched the company in 2020, collaborating with faculty, experienced entrepreneurs, and fellow students at the i-lab, a physical... View Details
Keywords: Deborah Blagg
- 06 Sep 2022
- Blog Post
Student Spotlight: Summer Internships in Business & Environment
investment solutions ranging from green bonds and renewable infrastructure to thematic strategies that allow clients to align their capital with specific ESG outcomes. The Sustainable Investing team is responsible for ESG integration in investment processes,... View Details
- 13 Dec 2011
- First Look
First Look: Dec. 13
strong brand, robust growth in international and domestic markets, and premium price and margins, Natura was consistently rated as one of the preferred places to work in Brazil. Its focus on social and environmental responsibility was a... View Details
Keywords: Sean Silverthorne
- 20 Dec 2010
- Research & Ideas
Panama Canal: Troubled History, Astounding Turnaround
West Coast headed to eastern ports, with a smaller flow of manufactured goods and agricultural products headed the other way. The canal supercharged the growth of the West Coast (at the expense of Venezuela in oil and the South in timber)... View Details