Ownership Structure - Publications - Faculty & Research

02 Aug 2006
Research & Ideas

Investor Protection: The Czech Experience

ownership stake but with control of the political environment. The legal documents surrounding the case provide a unique perspective on the methods of tunneling and provide lessons on how to prevent, or at least mitigate, the risks of... View Details

Keywords: by Martha Lagace; Media & Broadcasting; Entertainment & Recreation

04 Aug 2009
First Look

First Look: August 4

tax shields of majority-owned PE-backed firms, which reduce their need for nonconforming (i.e., more aggressive) tax strategies. Lastly, we examine how different private ownership structures (e.g., majority... View Details

Keywords: Martha Lagace

11 Oct 2006
Research & Ideas

The Success of Reverse Leveraged Buyouts

thinking intensively about the private equity industry. "This event will examine the changing structure of the private equity industry and the implications of the buyout wave of the past few years. It is clear that this industry is... View Details

Keywords: by Sean Silverthorne; Banking; Financial Services

20 Nov 2007
First Look

First Look: November 20, 2007

ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financial development, lending rates, and the quality of intermediation, as well as employment... View Details

Keywords: Martha Lagace

01 Sep 2011
News

Capitalism’s False Mantra

Related Links Martin discussing his book One of the most influential papers defining the role of business, “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure,” was coauthored in 1976 by Michael Jensen, the... View Details

Keywords: Sean Silverthorne; Publishing Industries (except Internet); Information; Management

20 Aug 2012
Research & Ideas

The Acquirers

private equity and public companies "changes the ownership structure of assets and alters the incentives and governance mechanisms that surround the economic engine of our economy." During a recent... View Details

Keywords: by Kim Girard; Financial Services

18 Jul 2016
Research & Ideas

Is Greed Ruining Private Equity Firms?

missing the consequences and longer-term effects.” UNEQUAL PAY FALLOUT Partnerships remain key to the way the professional service and investment sectors are run. Previous research has shown that the partnership structure has many... View Details

Keywords: by Dina Gerdeman; Banking; Financial Services

March 2014 (Revised May 2014)
Teaching Note

The TELUS Share Conversion Proposal

By: Lucy White and Benjamin C. Esty

On February 21, 2013, TELUS announced a proposal to convert the firm's non-voting shares into voting shares on a one-to-one basis, thereby eliminating the firm's dual class structure. Shareholders were scheduled to vote on the proposal at the firm's annual general... View Details

Citation

Purchase

25 May 2010
First Look

First Look: May 25

auctions when separate. When there is an insufficient improvement, such mergers can harm advertisers. Download the paper: http://www.hbs.edu/research/pdf/10-055.pdf Agency Costs, Mispricing, and Ownership View Details

Keywords: Martha Lagace

06 Dec 2021
News

Truth Be Told

things, they can resolve it internally more quickly and in a more efficient way than if it goes to regulators. Although we don’t study this I think it could also empower employees to feel ownership of the company because they’re helping... View Details

Keywords: April White; Corporate, Subsidiary, and Regional Managing Offices; Management

21 Dec 2009
Research & Ideas

Good Banks, Bad Banks, and Government’s Role as Fixer

systemically risky institutions, it would jeopardize its political independence. And that would be a big mistake. Excerpt: the New Structure Of U.s. Financial Regulation by Robert Pozen, from Too Big To Save To provide taxpayers with an... View Details

Keywords: by Roger Thompson; Banking; Financial Services

30 Jan 2017
Research & Ideas

Vanguard, Trian And The Problem With 'Passive' Index Funds

need to get shareholders more engaged? What shape should the separation of management and ownership take in the twenty-first century?” “We are now in a situation where index investors are the major shareholders in most of the large- and... View Details

Keywords: by Michael Blanding; Financial Services

11 May 2010
First Look

First Look: May 11

Author:Louis T. Wells Publication:AIB Insights 10, no. 1 (2010) An abstract is unavailable at this time. Download the Paper: http://www.people.hbs.edu/lwells/Insights.pdf Working PapersAgency Costs, Mispricing, and Ownership View Details

Keywords: Martha Lagace

03 May 2004
Research & Ideas

Business History around the World

structures of large manufacturing corporations remains important, but a new generation of researchers has explored business networks, the family firm, knowledge creation and transfer, public policy and business, and a host of other... View Details

Keywords: by Cynthia Churchwell

24 Jul 2019
Blog Post

Growing the Seeds of an Early-Stage Startup

donations. Amid exams and interviews, it gradually became clear in my heart that this was the one – I was going to New Orleans! I was offered the role of a Business Development Intern, but I quickly learned that like many early-stage startups, a perfectly delineated... View Details

Keywords: Entrepreneurship; Consumer Products / Retail

22 Oct 2013
First Look

First Look: October 22

and adapt leadership and talent management best practices to law firm structures and challenges. Chapters cover all of the important aspects of strategic talent management and provide practical guidance from law firm talent management... View Details

Keywords: Sean Silverthorne

29 Aug 2024
Blog Post

Exploring Sustainable Energy: A Visit to Vestas Wind Turbine Manufacturing in Odense, Denmark

extreme weather conditions without interruption, stressing each component at 3x the expected load. Vestas discussed their unique partnership structures with their customers and suppliers to ensure the safety and quality of all of its... View Details

12 Mar 2013
First Look

First Look: March 12

PublicationsLocal Industrial Structures and Female Entrepreneurship in India Authors:Ghani, Ejaz, William R. Kerr, and Stephen D. O'Connell Publication:Journal of Economic Geography Abstract We analyze the spatial determinants of female... View Details

Keywords: Sean Silverthorne

02 Feb 2016
First Look

February 2, 2016

2013. The sudden price increase not only increased the likely acquisition price for an ownership stake in Hefei Sanyo, but also meant that Whirlpool had lost the luxury of both time and secrecy. Lee had to quickly decide how to View Details

Keywords: Sean Silverthorne

April 2025
Case

Pouring Oil on Troubled Waters: Vickers Oils and Resolving Family Conflict over Generations

By: Lauren Cohen, Octavian Graf Pilati and Sophia Pan

Will Vickers, a seventh-generation (G7) member of the Vickers Family, grappled with a pressing challenge: how to re-integrate family members into the firm to recover lost talent. His father, Peter Vickers, was the lone leader of the Vickers Oils—despite having stepped... View Details