Publications

November 2009
Article

Is it Fair to Blame Fair Value Accounting for the Financial Crisis?

By: Robert C. Pozen

When the credit markets seized up in 2008, many heaped blame on "mark to market" accounting rules, which require banks to write down their troubled assets to the prices they'd fetch if sold on the open market - at the time, next to nothing. Recording those assets below... View Details

Keywords: Cost Accounting; Fair Value Accounting; Financial Crisis; Assets; Governing Rules, Regulations, and Reforms; Crisis Management; Standards; Banking Industry

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20 May 2013
Research & Ideas

The Long-Term Fix to US Competitiveness

day or two a week at a major corporations, receive mentorship, and are matched with a "work buddy." The model should be scaled up to include the state's other 14 community colleges, she said. Gregory Bialecki, secretary for the Massachusetts Executive Office... View Details

Keywords: by Stephanie Schorow & Harvard Gazette

09 Jan 2014
News

Tapping into Opportunity

likely change and then all of us will be thinking about water a lot. Laura Shenkar (MBA 1992) knows that, and the company she founded, Artemis Water Strategy, is dedicated to finding technologies for companies and governments around the... View Details

Keywords: Constantine von Hoffman; Business and Environment Initiative; Management, Scientific, and Technical Consulting Services; Professional Services

04 May 2009
Research & Ideas

What’s Next for the Big Financial Brands

by investors and government regulators for hyping stocks and other questionable practices. The last CEO spent over one million dollars to redecorate his office and pushed through $3.6 billion in executive bonuses the day before he agreed... View Details

Keywords: by John Quelch; Banking; Financial Services

05 Oct 2010
First Look

First Look: October 5, 2010

and recovery to be associated with increases in orders from Hugo Boss's retailer customers Download the paper: http://www.hbs.edu/research/pdf/11-034.pdf A Comparative-Advantage Approach to Government Debt Maturity Authors:Robin... View Details

Keywords: Sean Silverthorne

2014
Chapter

Too Big To Trust? Managing Stakeholder Trust in Business in the Post-Bail-Out Economy

By: Deepak Malhotra

This chapter considers the aftermath of the financial crisis of 2008, and specifically the subsequent “bail-out” of the large financial institutions by the American government, from the perspective of trust in the post-bail-out economy. The author considers the impacts... View Details

Keywords: Trust; Business and Stakeholder Relations; Government and Politics; Financial Crisis

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11 Dec 2012
First Look

First Look: Dec. 11

aid-distortions that steer aid away from achieving economic development in the recipient country. As it turns out, none of these solutions can shield foreign aid from the heavy hand of politics. Developing countries heavily influenced by... View Details

Keywords: Sean Silverthorne

July 2013 (Revised May 2017)
Case

European Integration: Meeting the Competitiveness Challenge

By: Michael E. Porter and Christian Ketels

The case discusses the origins and development of the European Integration process from the post-war period up to 2007, focusing particularly on the efforts of the Lisbon-agenda under way since 2000 to enhance Europe's competitiveness. It discusses the different policy... View Details

Keywords: Integration; Globalized Economies and Regions; Competition; Development Economics; Global Range; Policy; Failure; European Union; Europe

19 Dec 2006
First Look

First Look: December 19, 2006

for peace, justice, and tolerable taxes. This paper defines capitalism as a system of indirect governance for economic relationships, where all markets exist within institutional frameworks that are provided... View Details

Keywords: Sean Silverthorne

03 Jun 2025
Blog Post

Alumni Career Journey: Margot Zuckerman (MBA 2024) – Integrating Climate into Business (and Government) Priorities

focus evolve? If not, how did your journey lead you to pursue a career in climate? After studying environmental science and economics and researching the environmental and social impacts of food systems, I hoped my first job out of... View Details

01 Jun 2015
News

Lessons from a Megacity

Lima toll road in Peru. In Buenos Aires, despite Argentina’s economic difficulties, the team found a model transit system—including a new bus rapid transit system to alleviate congestion—that residents have embraced for its convenience... View Details

Keywords: April White; Transit and Ground Passenger Transportation; Transportation

01 Dec 2010
News

Eight Join HBS Faculty

capital markets and firms’ social, environmental, and governance performance. Lakshmi Ramarajan, an assistant professor in the Organizational Behavior Unit, also had ties to HBS before joining the faculty. After earning her doctorate in... View Details

February 2020 (Revised August 2021)
Case

Australia: Commodities, Competitiveness, Climate and China

By: Richard H.K. Vietor and Laura Alfaro

For the past few decades, Australia has dealt with the benefits and costs of repeated mining booms—inflation, a housing bubble, a current account deficit, and growing dependence on China. Between 1996 and 2007, however, Australia had most of these issues under control... View Details

Keywords: Commodities; Competitiveness; Carbon Tax; Environment; Capital Flows; Current Account; Mining; Economy; Problems and Challenges; Climate Change; Taxation; Competition; Financial Condition; Government and Politics; Inflation and Deflation; Environmental Sustainability; Australia

1973
Book

Money in the Multinational Enterprise: A Study in Financial Policy

By: Sidney M. Robbins and Robert B. Stobaugh

Keywords: Money; Multinational Firms and Management; Finance; Policy

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2012
Working Paper

Unobserved State Fragility and the Political Transfer Problem

By: Faisal Z. Ahmed and Eric Werker

Autocrats experiencing a windfall in unearned income may find it optimal to donate to other countries some of the windfall in order to make the state a less attractive prize to potential insurgents. We put forward a model that makes that prediction, as well as the... View Details

Keywords: International Finance; Non-Renewable Energy; International Relations; Economics

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December 2007 (Revised September 2009)
Case

Wall Street's First Panic (A)

By: David A. Moss and Cole Bolton

In the early 1790s, a flood of newly issued public and private securities sparked an investment boom in the nascent United States. In New York, the bustling commercial district along Wall Street emerged as the center of the city's securities trade. One of the many... View Details

Keywords: History; Financial Instruments; Auctions; Financial Crisis; Business and Government Relations; Financial Services Industry

March 2001 (Revised February 2004)
Case

Power to the States: "Fiscal Wars" for FDI in Brazil

By: Laura Alfaro, Yasheng Huang and Marios S. Kalochoritis

On January 6, 1999, Itamar Franco, the governor of the state of Minas Gerais, the second-largest state in Brazil, declared a 90-day moratorium on its debt payment to the federal government. The announcement triggered a run on the Brazilian currency, the Real, and... View Details

Keywords: International Relations; Investment; Financial Crisis; Borrowing and Debt; Brazil