Long-term Investing - Publications - Faculty & Research

11 Apr 2012
Research & Ideas

The High Risks of Short-Term Management

especially those seeking to invest in companies with longer-term perspectives? George Serafeim: One important takeaway is that firms with long-term horizons exist! We tend to make sweeping statements and... View Details

Keywords: by Sean Silverthorne; Financial Services

16 Jun 2021
HBS Case

Cruising in Crisis: How Carnival Is Riding Out the COVID-19 Storm

companies—over a prospective $4 billion to $6 billion debt investment in the company,” he says. Carnival also faced a flurry of lawsuits from passengers alleging that the company didn’t do enough to keep them safe. Slashing expenses to... View Details

Keywords: by Michael Blanding; Travel

08 Jun 2010
First Look

First Look: June 8

but real differences in corporate finance and investment through two different channels: a "more money" effect arising from the debt coinsurance feature of conglomerates and a "smarter money" effect arising from more... View Details

Keywords: Martha Lagace

08 Jan 2019
First Look

New Research and Ideas, January 8, 2019

capital to fund its investment thesis, which was derived from Tomas and Rodrigo’s belief that the rise of Colombia’s middle class signaled an enormous untapped investment opportunity. Jaguar hoped to... View Details

Keywords: Dina Gerdeman

01 Oct 2001
Research & Ideas

How To Make Restructuring Work for Your Company

must decide whether to extend this relationship through some formal contractual arrangement. Humana's two divisions transacted extensively with one another before its spin-off, and abruptly cutting these ties risked doing long-term harm... View Details

Keywords: by Stuart C. Gilson

04 Feb 2002
Research & Ideas

How To Do Business in Islamic Countries

Islamic finance and an emeritus professor of investment banking at Harvard Business School. Hayes, who continues to travel regularly to Islamic countries for research and consulting, offered advice to HBS students on January 23 as part of... View Details

Keywords: by Martha Lagace

29 Mar 2022
Book

5 Qualities That Help Companies Thrive for Decades—Even Centuries

drip, drip of steady investment that pays off in gargantuan terms down the road.” The leader needs to develop the right mindset, the willingness to forego short-term profit to build a long-term business that... View Details

Keywords: by Sean Silverthorne

14 Aug 2007
First Look

First Look: August 14, 2007

acquired than those in a control sample. We argue that the combination of hedge funds' short investment horizons and their large positions in target firms makes M&A the only attractive exit option. The results also suggest that hedge... View Details

Keywords: Martha Lagace

16 Jul 2020
Research & Ideas

Restaurant Revolution: How the Industry Is Fighting to Stay Alive

association as well as the food and beverage brands that supply them. We’ve invested in the industry and served as corporate board members and leaders of industry coalitions, and we now, as educators, prepare future founders and leaders... View Details

Keywords: by Michael S. Kaufman, Lena G. Goldberg, and Jill Avery; Food & Beverage

2002
Book

Searching for a Corporate Savior: The Irrational Quest for Charismatic CEOs

By: Rakesh Khurana

Corporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected... View Details

Keywords: Managerial Roles; Selection and Staffing; Personal Characteristics; Experience and Expertise; Investment Activism; Corporate Strategy

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08 Oct 2020
Research & Ideas

Keep Your Weary Workers Engaged and Motivated

able to attract talent at a discount; the reverse may be true for stigmatized organizations. Likewise, investments in employees’ long-term prospects via continuing education/development or ownership options... View Details

Keywords: by Boris Groysberg and Robin Abrahams

01 Mar 2023
What Do You Think?

How Much Does 'Deep Purpose' Matter to the Bottom Line?

importance for a concept that inevitably will become confused with other developments in management. For example, how will answers to that question be clouded by the political debate surrounding the importance of ESG (environment, social, and governance) and View Details

Keywords: by James Heskett

14 Jul 2015
First Look

First Look: July 14, 2015

academic studies on the periphery of HRM are beginning to adopt such a view. We argue that the HRM studies so far have given us much valuable learning but that the subject has now reached a point where we need to take a wider, more contextual, more multilayered... View Details

Keywords: Sean Silverthorne

24 Feb 2021
Lessons from the Classroom

What History's Biggest Wars Teach Us About Leading in Peace

promising successes on the world’s battlefields as they pursue long-term success. “You don’t want to copy and paste the strategy and tactics” from one war to the next, says Malhotra, the Eli Goldston Professor of Business Administration.... View Details

Keywords: by Lane Lambert

26 Nov 2007
Research & Ideas

Best Practices of Global Innovators

In the not-too-distant past, many companies secured competitive advantage by investing heavily in internal R&D. Company engineers and scientists built value from the ground up, and protected their intellectual property like lions... View Details

Keywords: by Sean Silverthorne

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

Keywords: by Michael Blanding; Financial Services; Banking

31 Aug 2009
Research & Ideas

Why Competition May Not Improve Credit Rating Agencies

reserves when investing in bonds of lower ratings. Ratings are also used in private contracts, for example to define the investment objectives of bond mutual funds. Ratings are a concise and well-understood... View Details

Keywords: by Martha Lagace; Financial Services

06 Oct 2003
Research & Ideas

The Problem with Hedge Funds

funds had their origin in speculating in international currency markets. Currencies have trends, crises, and turnabouts, all of which makes them ideal for speculation. But rarely does one invest directly in currency markets expecting... View Details

Keywords: by D. Quinn Mills

30 May 2005
Research & Ideas

Six Steps for Making Your Threat Credible

reputational capital often entails sacrificing short-term gains in return for long-term profit. For example, some negotiators are habitually straightforward, guarding their integrity with great care despite the potential for short-term... View Details

Keywords: by Deepak Malhotra

22 Apr 2014
First Look

First Look: April 22

decision-making is limited. Exploiting exogenous variation in state compulsory schooling laws in both standard and two-sample instrumental variable strategies, we show education increases financial market participation, measured by View Details