Shareholder Litigation Risk - Publications - Faculty & Research

01 Jun 2010
News

M.I.A. Boards

Illustration by Dan Page In a company as large, complex, and prestigious as Lehman Brothers, one would expect to have found seasoned, astute, well-informed directors to oversee the managers and the risks the firm undertook with... View Details

Keywords: John Gillespie;David Zweig; Finance

19 Jul 2016
First Look

July 19, 2016

I. Norton Abstract—While many experiments have explored risk preferences for money, few have systematically assessed risk preferences for everyday experiences. We propose a conceptual model and provide... View Details

Keywords: Sean Silverthorne

06 Apr 2010
First Look

First Look: April 6

rights and efficient debt enforcement mitigate the effect of excess control rights on loan spreads. Taken together, our results suggest that potential tunneling and other moral hazard activities by large shareholders are facilitated by... View Details

Keywords: Martha Lagace

11 May 2010
First Look

First Look: May 11

can induce a controlling shareholder to list equity. Higher valuations support listings associated with greater agency costs. We test the predictions that follow from this idea on a sample of publicly listed corporate subsidiaries in... View Details

Keywords: Martha Lagace

24 Jun 2014
First Look

First Look: June 24

http://hbr.org/product/collective-genius-the-art-and-practice-of-leading-innovation/an/13296E-KND-ENG?referral=01240 August 2013 Harvard Business Law Review Sovereign Debt Restructuring: Evaluating the Impact of the Argentina Ruling By: Alfaro, Laura Abstract—Recent... View Details

Keywords: Sean Silverthorne

01 Mar 2005
News

Ideas: Books

plantations to local growers, transforming itself into a marketing company. The firm’s shareholders opted for lower risks but also lower profits. Multinationals and Global Capitalism by Geoffrey Jones... View Details

Keywords: Publishing Industries (except Internet); Information

26 Mar 2008
First Look

First Look: March 26, 2008

information provision strategies to encourage knowledge transfer within the organization. Download the paper: http://www.hbs.edu/research/pdf/08-085.pdf Board of Directors' Responsiveness to Shareholders: Evidence from Shareholder... View Details

Keywords: Martha Lagace

06 Nov 2012
First Look

First Look: November 6

into how individuals learn directly from their prior experience and indirectly from the experiences of others. The Litigation of Financial Innovations Authors: Josh Lerner Publication: Journal of Law and Economics (forthcoming) Abstract... View Details

Keywords: Sean Silverthorne

Web

Working Knowledge | Harvard Business School

Working Knowledge Economics and Global Commerce Tracking Tariffs: Are Retailers Passing Costs to Consumers? Research by Alberto Cavallo breaks down tariff-related price fluctuations. Featuring Alberto F. Cavallo . By Ana Elena Azpúrua on June 6, 2025 . Finance and... View Details

09 Sep 2024
HBS Case

McDonald’s and the Post #MeToo Rules of Sex in the Workplace

McMuffin—as well as what has been called one of the most famous cross-sells of all time: “Would you like fries with that?” Yet by 2015, McDonald’s found itself in what reporters called the worst slump in a decade, driven by rising competition, declining sales, and... View Details

Keywords: by Avery Forman; Food & Beverage

01 Mar 2007
News

Private Equity under Investigation

the taking of calculated risks based on limited information. Washington must understand that the many benefits private equity provides by facilitating economic growth are unlikely to be sustained if the heavy hand of government intrudes,... View Details

Keywords: Josh Lerner; syndication; antitrust enforcement; Funds, Trusts, and Other Financial Vehicles; Finance

18 Aug 2009
First Look

First Look: August 18

Authors:Mihir Desai and Li Jin Publication:Journal of Financial Economics (forthcoming) Abstract This paper employs heterogeneity in institutional shareholder tax characteristics to identify the relation between firm payout policy and tax... View Details

Keywords: Martha Lagace

01 Sep 2010
News

Reinventing the Annual Report

effectively with shareholders and other stakeholders, and lower reputational risk through a higher level of transparency. Given the importance of sustainability, companies have an ethical obligation to... View Details

Keywords: Robert G. Eccles

05 May 2003
Research & Ideas

Sharing the Responsibility of Corporate Governance

which require full and fair disclosure of the financial performance of companies and of the risks associated with their business. This attitude is reminiscent of the Roaring Twenties when, according to Representative (and later Speaker of... View Details

Keywords: by Carla Tishler

30 Aug 2004
Research & Ideas

Mapping Your Board’s Effectiveness

Exchange Commission-approved NYSE and Nasdaq governance listing standards. The risk now is that boards will become overly focused on regulatory compliance and not perform their broader and more managerial responsibilities adequately. Can... View Details

Keywords: by Robert S. Kaplan

07 Oct 2002
Research & Ideas

What Leaders Need to Do To Restore Investor Confidence

committee to relationship managers. Q: Did the rules change? Or has the policing not been strong enough? A: Maximizing shareholder wealth has become the overarching corporate goal, and whatever it takes to accomplish that seems to be... View Details

Keywords: by Harvard Management Update

24 Sep 2014
Op-Ed

Stop Thinking of Climate Change as a Religious or Political Issue

our bets, or buying insurance, or educating ourselves about the risks so that we can make better-informed decisions in the future. We use these approaches because they work. And in dealing with climate change we would have more sensible... View Details

Keywords: by Forest Reinhardt; Energy; Utilities

July 2002 (Revised August 2003)
Case

Unilever Superannuation Fund vs. Merrill Lynch, The

By: Andre F. Perold and Joshua Musher

In 2001, the Unilever Superannuation Fund sued Merrill Lynch for damages of 130 million British pounds. Over the period 1977 to 1998, the Unilever Fund had significantly underperformed the benchmark, and its trustees contended that the poor returns resulted from... View Details

Keywords: Investment; Lawsuits and Litigation; Performance Evaluation; Agreements and Arrangements; Customer Relationship Management; Risk and Uncertainty; Asset Management; Risk Management; Legal Liability; Financial Services Industry; United Kingdom

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01 Dec 2006
News

Enron’s Legacy

If Enron had been owned and controlled by a small group of private-equity investors, could the monitoring and control practices of a professionally run buyout shop have protected Enron’s shareholders and employees from the problems that... View Details

Keywords: Malcolm S. Salter; Enron; Finance