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  • Faculty Publications  (20)
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  • September 2011 (Revised March 2014)
  • Case

Liberia

By: Eric Werker and Jasmina Beganovic
From 1989 to 2003 civil war raged in Liberia, causing GDP per capita to drop an unprecedented 90% from peak to trough. The roots of Liberia's conflict and economic decline are complex and intertwined, resting on over a century of discriminatory elite rule and twisted... View Details
Keywords: War; Developing Countries and Economies; Financial Crisis; Government and Politics; Macroeconomics; Liberia
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Werker, Eric, and Jasmina Beganovic. "Liberia." Harvard Business School Case 712-011, September 2011. (Revised March 2014.)
  • 30 Jun 2008
  • Research & Ideas

Rethinking Retirement Planning

know we should be saving for retirement, but how much should we be squirreling away? And of the funds our company's plan offers, which should we choose? According to Harvard Business School professor Robert C. Merton, the defined contribution (DC) plans currently... View Details
Keywords: by Julia Hanna; Banking; Financial Services
  • 15 Oct 2007
  • Research & Ideas

Businesses Beware: The World Is Not Flat

about $1 billion on job-retraining, according to The Economist.) The creation of a 2-track world. As microcredit pioneer Muhammad Yunus put it in his speech accepting the 2006 Nobel Peace Prize, if globalization "is a free-for-all... View Details
Keywords: by Martha Lagace
  • 04 Feb 2010
  • What Do You Think?

What’s the Best Way to Make Careful Decisions?

comparability and therefore no best practice, only "it all depends." Worse yet, we are often not conscious of these influences. Mauboussin maintains that we too often underestimate the importance of luck in the outcomes of our decisions, employing View Details
Keywords: by James Heskett
  • 18 Sep 2007
  • First Look

First Look: September 18, 2007

activity to distance themselves from competitors. Microfinance: Business, Profitability, and the Creation of Social Value Author:Michael Chu Publication:Chap. 28 in Business Solutions for the Global Poor: Creating Social and Economic Value, edited View Details
Keywords: Martha Lagace
  • 05 Nov 2007
  • Research & Ideas

The Changing Face of American Innovation

science and engineering workforce and nearly 50 percent of those with science and engineering doctorates. And at the Ph.D. level, ethnic researchers make an exceptional contribution to science as measured by View Details
Keywords: by Sarah Jane Gilbert; Technology
  • 20 Jul 2011
  • Research & Ideas

Five Discovery Skills that Distinguish Great Innovators

study confirming this was done by a group of researchers, Merton Reznikoff, George Domino, Carolyn Bridges, and Merton Honeymon, who studied creative abilities in 117 pairs of identical and fraternal twins. Testing twins aged fifteen to... View Details
Keywords: by Jeff Dyer, Hal Gergersen & Clayton M. Christensen
  • 30 Oct 2006
  • First Look

First Look: October 31, 2006

productivity externalities in the host country generated by foreign multinational companies. We propose a mechanism that emphasizes the role of local financial markets in enabling foreign direct investment (FDI) to promote growth through... View Details
Keywords: Sean Silverthorne
  • October 2012
  • Teaching Note

Liberia (TN)

By: Eric Werker and Ian Cornell
From 1989 to 2003 civil war raged in Liberia, causing GDP per capita to drop an unprecedented 90% from peak to trough. The roots of Liberia's conflict and economic decline are complex and intertwined, resting on over a century of discriminatory elite rule and twisted... View Details
Keywords: Transition; Economic Systems; War; Economy; Government and Politics; Liberia
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Werker, Eric, and Ian Cornell. "Liberia (TN)." Harvard Business School Teaching Note 713-001, October 2012.
  • 02 Sep 2013
  • Research & Ideas

The Curse of Double-Digit Growth

are not unequivocally a club that one should strive to join," writes Werker in his April 2013 working paper, Learning from Double-Digit Growth Experiences, published by the International Growth Centre at the London School of... View Details
Keywords: by Kim Girard
  • 24 Feb 2011
  • Research & Ideas

What’s Government’s Role in Regulating Home Purchase Financing?

the short to medium run the government will still play an important role in supporting housing finance. But as we move to greater reliance on private mortgage credit it will be important to combine such privatization with better regulation. As View Details
Keywords: by Sean Silverthorne; Financial Services
  • 01 Feb 2008
  • What Do You Think?

How Sustainable Is Sustainability in a For-Profit Organization?

history of these entities.... When it is monetized" (whether by competition or government) "the for-profit enterprise will select the lowest price alternative." But Allen Howlett expressed reservations about this approach,... View Details
Keywords: by Jim Heskett
  • 01 Dec 2011
  • What Do You Think?

Thinking Slow: An Argument for Bureaucracy?

with the downside of thinking slow. So here is what my gut tells me about what you said this month: Thinking slow, as Daniel Kahneman calls it in his recent book by that name, is important under circumstances of high risk, uncertain... View Details
Keywords: by James Heskett
  • 12 Mar 2018
  • Op-Ed

Op-Ed: Why BlackRock CEO Larry Fink Is Not a Socialist

benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.” This position sharply contrasts to Nobel Prize-winning economist Milton Friedman’s famous 1970 article, The... View Details
Keywords: by Bill George; Banking
  • September 2008 (Revised October 2008)
  • Case

Marc Abrahams: Annals of an Improbable Entrepreneur

By: Boris Groysberg and Michael Slind
Marc Abrahams was a media entrepreneur who specialized in science humor. In 2008, he sought to boost the scale and monetization potential of his business. That business, called Improbable Research, encompassed a magazine (Annals of Improbable Research), a high-profile... View Details
Keywords: Entrepreneurship; Selection and Staffing; Human Capital; Growth and Development Strategy; Brands and Branding; Personal Development and Career
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Groysberg, Boris, and Michael Slind. "Marc Abrahams: Annals of an Improbable Entrepreneur." Harvard Business School Case 409-013, September 2008. (Revised October 2008.)
  • 08 Jan 2001
  • What Do You Think?

Have We Extended the Boundaries of the Firm Too Far?

described by Michael Porter is being fragmented by organizations; value addition ... is taking place in numerous forms ..." Their comments reflected the general assumptions among respondents that... View Details
Keywords: by James Heskett
  • 29 Sep 2009
  • First Look

First Look: September 29

yields. However, the fraction of seniors is uncorrelated with share repurchases, investment, or profitability, suggesting that geographic variation in dividend payout is not driven by some unmeasured firm characteristic affecting the... View Details
Keywords: Martha Lagace
  • 2010
  • Chapter

Lessons from Catastrophe Reinsurance

By: Kenneth A. Froot
Of the 20 most costly catastrophes since 1970, more than half have occurred since 2001. Is this an omen of what the 21st century will be? How might we behave in this new, uncertain, and more dangerous environment? Will our actions be rational or irrational? A select... View Details
Keywords: Decision Making; Insurance; Risk and Uncertainty; Natural Disasters; Behavior
Citation
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Froot, Kenneth A. "Lessons from Catastrophe Reinsurance." Chap. 20 in The Irrational Economist: Making Decisions in a Dangerous World, edited by Erwann Michel-Kerjan and Paul Slovic, 171–182. New York: PublicAffairs Books, 2010.
  • 09 Jul 2001
  • Research & Ideas

Does Misery Love Companies? How Social Performance Pays Off

the empirical quest to link a firm's social investments to its financial returns has preoccupied researchers. Our goal in this paper is to reorient debate and research about social initiatives by business. We try to stimulate a fresh... View Details
Keywords: by Joshua D. Margolis & James P. Walsh
  • 07 Feb 2007
  • Research & Ideas

Dividends from Schumpeter’s Noble Failure

Business Cycles was Joseph Schumpeter's least successful book when measured by its professed aims and several other yardsticks. Yet the book contains two vital aspects that have largely been overlooked. First, the prodigious research that... View Details
Keywords: by Thomas K. McCraw
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