Publications

August 2006
Article

Investor Sentiment and the Cross Section of Stock Returns

By: Malcolm Baker and Jeffrey Wurgler

We examine how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. We test this prediction by... View Details

Keywords: Behavioral Finance; Stocks; Investment Return; Forecasting and Prediction; Motivation and Incentives; Risk and Uncertainty; Volatility

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02 Jan 2018
Op-Ed

'Dear Working Knowledge'--Our Favorite Reader Comments of the Year

Credit: iStockPhoto Who are the editors of HBS Working Knowledge most thankful for as the new year begins? It’s the readers who take time to contribute comments to our stories, more than 1,000 in 2017. Since our readership extends to more... View Details

Keywords: by Sean Silverthorne

Web

Research Links: Records of Railroad Companies & Personal Papers - Railroads and the Transformation of Capitalism | Harvard Business School

Business School has vast holdings documenting many aspects of the history of the railroads and growth of big business nationally and internationally. Please contact us for more... View Details

01 Sep 2016
News

The Untold Story of the US Auto Bailout

The US automotive industry collapse was one of the most important business stories to come out of the 2008 financial crisis—and like so many events View Details

Keywords: Julia Hanna; Transportation Equipment Manufacturing; Manufacturing

February 2011 (Revised May 2011)
Case

Marlin & Associates and the Sale of Riverview Technologies

By: Richard S. Ruback and Royce Yudkoff

Riverview Technologies was a Stockholm, Sweden-based company that had developed software hedge funds. After spending more than a year in an organized sale process, the winning bidder had become increasingly difficult to work with and the closing had been substantially... View Details

Keywords: Mergers and Acquisitions; Entrepreneurship; Negotiation Deal; Negotiation Offer; Negotiation Process; Business and Shareholder Relations; Financial Services Industry

Web

Bringing a Taste of Japan to the World - Global Activities 2020

we can make this work. ” Yasu Sasago MBA 2020 Alleviating Debt Concerns Sasago studied commerce at Waseda University in Tokyo and the University of Sydney in Australia prior to attending HBS. His ability to pursue a graduate school... View Details

01 Jun 2001
News

HBS Alumni Association Board of Directors: President's Report

all expectations. We are indebted, as well, to the extraordinary cadre of HBS Fund volunteers, who are uniquely qualified to articulate the reasons why HBS needs your financial support. Given the vast number... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services

November 1999 (Revised March 2003)
Case

Circuits, Inc.

By: David F. Hawkins

To allow students to compute and explain quarterly and annual earnings per share figures by using financial accounting standards No. 128. View Details

Keywords: Business Earnings

07 Apr 2014
News

Climate Change and the Years of Investing Dangerously

22 Feb 2013
News

Mindful of Bubbles in a Boom for Deals

1993
Chapter

Bank of America and Deregulation: The Great Turnaround

By: R. H.K. Vietor

Keywords: Banks and Banking; Governing Rules, Regulations, and Reforms; Business and Government Relations; Banking Industry; United States

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05 Nov 2010
Research & Ideas

The Work-Around Culture: Unintended Consequences of Organizational Heroes

"Work-around cultures" are pervasive in health care. Employees tend to work around obstacles, often feeling like a hero in the process, without solving the underlying problems. The reasons for these cultures are manifold, but they are costly in View Details

Keywords: by Anita Tucker; Health

Web

Research Links - The Art of American Advertising

Home Site map Map / Directions Search: General Information HBS Home About Annual Report Campus Commencement Dean Nohria Employment Fifty Years of Women Give News New Construction Academic Programs Doctoral Programs Executive Education MBA... View Details

13 Dec 2018
News

Sustainable investing risks becoming a victim of its own success

February 1985 (Revised January 2024)
Case

Health Stop (A): What Type of Innovation Is It? And Six Factors Alignment

By: Regina E. Herzlinger, Joyce Lallman, Nancy Kane, Jefferson C. Grahling and James Wallace

How can we evaluate if innovative health care ventures can do good—benefit society—and do well—become financially viable? This question is the topic of the first module in the Innovating In Health Care course book. This note and case series enables readers to conduct... View Details

Keywords: For-Profit Firms; Business Model; Entrepreneurship; Health Care and Treatment; Strategy; Valuation; Health Industry; Retail Industry

06 Dec 2021
News

Digitalization: The Key to the Future of HBS

are on the bleeding edge of this in a range of companies, from Stitch Fix to Spotify, from JP Morgan to Walt Disney. I also hope our alumni will hold HBS accountable on this.... View Details

Keywords: April White

May 2010
Article

Elections and Discretionary Accruals: Evidence from 2004

By: Karthik Ramanna and Sugata Roychowdhury

We examine the accrual choices of outsourcing firms with links to U.S. congressional candidates during the 2004 elections, when corporate outsourcing was a major campaign issue. We find that politically connected firms with more extensive outsourcing activities have... View Details

Keywords: Political Economy; Accounting Information; Accruals Management; Campaign Contributions; Discretionary Accruals; Election Outcomes; Political Currency; Political Process; Social Issues; Political Elections; Job Cuts and Outsourcing; Motivation and Incentives; Earnings Management; Welfare; United States

SSRN

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November 2023 (Revised April 2024)
Case

Celsius Network Inc.: Fear, Uncertainty, and Doubt in the Brave New World of Crypto Bankruptcy

By: Stuart C. Gilson and Sarah L. Abbott

In July 2022, Celsius Network filed for Chapter 11 bankruptcy. CEO Alex Mashinsky acknowledged that Celsius had grown its assets “faster than the Company was prepared to deploy [them]” and as a result had made “certain poor asset deployment decisions.” Two months after... View Details

Keywords: Cryptocurrency; Chapter 11; Restructuring; Insolvency and Bankruptcy; Asset Management; Acquisition; Borrowing and Debt; Financial Services Industry; United States