Publications

June 2011
Article

Stepping into the Unknown: How Companies Learn through Risk Management

By: Anette Mikes

Risk management can add value through the continuous questioning of existing controls, strategies, and scenarios. The article outlines a new framework for risk management predicated on the notion of organizational learning, and illustrates it by a case study of a... View Details

Keywords: Learning; Framework; Governance Controls; Risk Management; Organizational Change and Adaptation

January–February 2011
Article

Adverse Selection in Online 'Trust' Certifications and Search Results

By: Benjamin Edelman

Widely used online "trust" authorities issue certifications without substantial verification of recipients' actual trustworthiness. This lax approach gives rise to adverse selection: the sites that seek and obtain trust certifications are actually less trustworthy than... View Details

Keywords: Online Advertising; Governing Rules, Regulations, and Reforms; Policy; Safety; Trust; Internet; Search Technology; Web Sites

February 2005 (Revised March 2005)
Case

The Trustees of Reservations

By: Michael Chu

The executive director and chairman of the board of The Trustees of Reservations, one of the nation's oldest land conservation institutions, undertake a major governance restructuring. Reviews the forces leading to the change, the process by which its undertaken, and... View Details

Keywords: Restructuring; Governance Controls; Performance Effectiveness; Problems and Challenges; Social Enterprise

2006
Chapter

Coerced Confessions: How Regulatory Deterrence Drives Self-Policing

By: Jodi L. Short and Michael W. Toffel

Keywords: Governance Compliance; Corporate Governance; Governing Rules, Regulations, and Reforms

2020
Working Paper

Capital Regulation and Product Market Outcomes

By: Ishita Sen and David Humphry

We present evidence of product market adjustments and asset reorganizations from the largest ever shift in risk regulation in a developed insurance market. Using proprietary data on insurance risk exposures from the Bank of England, we develop a measure of regulatory... View Details

Keywords: Non-traditional-non-insurance; Risk Regulation; Product Market Concentration; Small Vs. Large Insurers; Insurance Risk Exposure; Insurance; Risk and Uncertainty; Governing Rules, Regulations, and Reforms

SSRN

January 27, 2020
Article

Food-Stamp Work Requirements Just Look Cruel

By: Scott Duke Kominers

The rule doesn’t help beneficiaries find the steady employment that doesn’t exist. View Details

Keywords: Food; Employment; Welfare; Governing Rules, Regulations, and Reforms

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Article

Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life

By: S. C. Gilson, H. DeAngelo and L. DeAngelo

In May 1991, one month after seizing Executive Life, California regulators seized First Capital Life (FCLIC). Both insurers were Drexel clients with large junk bond holdings, and both had experienced 'bank runs.' FCLIC's run followed regulators' televised comments that... View Details

Keywords: Finance; Bonds; Governing Rules, Regulations, and Reforms

March 22, 2011
Article

Why Liberals Should Back Social Security Reform

By: Robert C. Pozen

Keywords: Compensation and Benefits; Governing Rules, Regulations, and Reforms

August 2011
Module Note

Assessing the Legal Climate for Entrepreneurship

By: Lena G. Goldberg

This module note briefly reviews several approaches to assessing the link between law and specific rules and regulations and a favorable climate for entrepreneurship and economic growth. View Details

Keywords: Economic Growth; Entrepreneurship; Governing Rules, Regulations, and Reforms; Law

02 Jun 2020
Working Paper Summaries

HBS COVID-19 Global Policy Tracker

Keywords: by Alberto Cavallo and Tannya Cai; Health

07 Mar 2016
Working Paper Summaries

Net Neutrality: A Fast Lane to Understanding the Trade-offs

Keywords: by Shane Greenstein, Martin Peitz, and Tommaso Valletti; Media & Broadcasting; Technology; Telecommunications

October 2024
Article

Medicare Part D Protected-Class Policy Is Associated with Lower Drug Rebates

By: Pragya Kakani, Michael Anne Kyle, Amitabh Chandra and Luca Maini

Medicare Part D does not allow plans to exclude drugs in six protected classes from their formularies, which may limit plans’ ability to negotiate rebates and lead to higher spending. We estimated the association between protected-class status, US-level estimated... View Details

Keywords: Insurance; Health Care and Treatment; Governing Rules, Regulations, and Reforms; United States

Purchase

June 9, 2023
Article

A Radical Treatment for Insulin Pricing

By: Leemore S. Dafny

In 2021, the Food and Drug Administration (FDA) approved the first interchangeable biosimilar for long-acting insulin, which many hoped would be substantially cheaper than the reference branded product. I explain why prices have barely changed, and argue that a... View Details

Keywords: Biosimilars; Rebates; Pharmaceuticals; Health Care and Treatment; Price; Governing Rules, Regulations, and Reforms; Pharmaceutical Industry; United States

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2009
Chapter

Becoming the Lamp Bearer: The Emerging Roles of the Chief Risk Officer

By: Anette Mikes

Enterprise risk management, under the leadership of chief risk officers (CROs), has the promise to bring enterprise-wide risks, which threaten the achievement of the firm's strategic objectives, into the open and under control. Its organizational significance is... View Details

Keywords: Governance Controls; Managerial Roles; Risk Management; Business Processes; Risk and Uncertainty

spring 1976
Article

Information, Politics and Economic Analysis: The Regulatory Decision Process in the Air Freight Cases

By: M. E. Porter and J. F. Sagansky

Keywords: Information; Government and Politics; Economics; Governing Rules, Regulations, and Reforms; Decision Making