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Show Results For
- All HBS Web
(8,681)
- People (19)
- News (1,765)
- Research (5,614)
- Events (40)
- Multimedia (110)
- Faculty Publications (3,842)
- Research Summary
Do Equity Covariances Reflect Financial Leverage?
No arbitrage option pricing theory and the efficient market hypothesis predict that firms with higher financial leverage should have higher equity betas, all else equal. This paper finds little support in the data for this prediction. Within industry, there is large... View Details
- 16 Jul 2024
- Research & Ideas
Weighing Digital Tradeoffs in Private Equity
intent on trimming expenses. So is the investment worth it? Baik and Srinivasan explore this tension in their working paper, “Private Equity and Digital Transformation,” cowritten with Wilbur Chen of the... View Details
- Research Summary
Agency Conflicts in Private Equity Transactions
Professor El-Hage has led the development of the Elective Curriculum course, Private Equity Finance. in this course, El-Hage studies private equity transactions, with particualr focus on agency conflicts in this business that prides itself on "alignment of... View Details
- January – February 2011
- Other Article
Discovering—and Lowering—the Real Costs of Health Care
Keywords: Health
Porter, Michael E. "Discovering—and Lowering—the Real Costs of Health Care." Harvard Business Review 89, nos. 1-2 (January–February 2011). (The HBR Agenda 2011.)
- 07 Nov 2018
- News
The Hidden Costs of Initial Coin Offerings
- 1986
- Working Paper
Price Competition with a Distribution of Switch Costs and Reservation Prices
By: Jerry R. Green and Suzanne Scotchmer
When there is a distribution of switch costs and of reservation prices for a good, and marginal cost of producing the good is zero, equilibrium in pure price strategies may (and sometimes must) exhibit price dispersion. Equilibrium may or may not exist, and there may... View Details
Green, Jerry R., and Suzanne Scotchmer. "Price Competition with a Distribution of Switch Costs and Reservation Prices." Harvard Institute of Economic Research Discussion Paper, No. 1260, September 1986.
- Article
The Hidden Costs of Initial Coin Offerings
By: Jeffrey J. Bussgang and Ramana Nanda
In recent years, much has been written about how the Blockchain is poised to transform traditional industries such as banking, real estate, and healthcare. More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin... View Details
Bussgang, Jeffrey J., and Ramana Nanda. "The Hidden Costs of Initial Coin Offerings." Harvard Business Review (website) (November 7, 2018).
- 15 Sep 2015
- News
Easing the Costs of Saving a Child
orphanage, Andrew would smile shyly at us, as if asking ‘What about me?’ I don’t know what happened to him, but chances are he didn’t get adopted.” The unfairness of the situation prompted Taylor to action. He and his wife founded... View Details
Keywords: Jill Radsken
- 2024
- Working Paper
Private Equity and Digital Transformation
By: Brian K. Baik, Wilbur Chen and Suraj Srinivasan
We study the role which private equity (PE) plays in digital transformation. We find that PE investment is associated with greater investments into portfolio firm’s digital technologies, as measured by IT expenditures and the hiring demand for AI skills. This... View Details
Keywords: Digital Transformation; Private Equity; Selection and Staffing; Investment Portfolio; Value Creation
Baik, Brian K., Wilbur Chen, and Suraj Srinivasan. "Private Equity and Digital Transformation." Harvard Business School Working Paper, No. 24-070, May 2024.
- 28 Dec 2010
- Working Paper Summaries
The Psychological Costs of Pay-for-Performance: Implications for Strategic Compensation
- 18 Jan 2016
- Research & Ideas
Hazard Warning: The Unacceptable Cost of Toxic Workers
Toxic workers aren’t just a pain in the rear; they’re also a pain in the bottom line, according to a new Harvard Business School working paper. Dylan Minor, visiting assistant professor of business administration in the HBS Strategy unit,... View Details
Keywords: by Roberta Holland
- Article
The Relationship Between Workplace Stressors and Mortality and Health Costs in the United States
By: Joel Goh, Jeffrey Pfeffer and Stefanos A. Zenios
Even though epidemiological evidence links specific workplace stressors to health outcomes, the aggregate contribution of these factors to overall mortality and health spending in the United States is not known. In this paper, we build a model to estimate the excess... View Details
Goh, Joel, Jeffrey Pfeffer, and Stefanos A. Zenios. "The Relationship Between Workplace Stressors and Mortality and Health Costs in the United States." Management Science 62, no. 2 (February 2016): 608–628.
- June 1985 (Revised December 2002)
- Background Note
Basic Ratio Analysis and Equity Valuation
By: David F. Hawkins
Describes the use of common financial ratios to analyze a firm's performance and financial condition. Discusses fundamentals of equity valuation. Based on an earlier note by the same author. View Details
Hawkins, David F. "Basic Ratio Analysis and Equity Valuation." Harvard Business School Background Note 185-149, June 1985. (Revised December 2002.)
- September 2011
- Article
Information Risk and Fair Value: An Examination of Equity Betas
By: Edward J. Riedl and George Serafeim
Using a sample of U.S. financial institutions, we exploit recent mandatory disclosures of financial instruments designated as fair value level 1, 2, and 3 to test whether greater information risk in financial instrument fair values leads to higher cost of capital. We... View Details
Keywords: Forecasting and Prediction; Assets; Cost of Capital; Financial Institutions; Financial Instruments; Corporate Disclosure; Information; Risk and Uncertainty; Value; United States
Riedl, Edward J., and George Serafeim. "Information Risk and Fair Value: An Examination of Equity Betas." Journal of Accounting Research 49, no. 4 (September 2011): 1083–1122.
- June 2019
- Technical Note
Valuing Employee Equity at Early Stage Ventures
By: Shikhar Ghosh, Christopher Stanton and Sanchali Pal
The note introduces a framework to consider factors that influence the value of employee equity at early stage ventures. Valuing equity is complex, and it important to account for expected dilution, assess exit potential, and acknowledge the high rate of failure in... View Details
Ghosh, Shikhar, Christopher Stanton, and Sanchali Pal. "Valuing Employee Equity at Early Stage Ventures." Harvard Business School Technical Note 819-167, June 2019.
- 01 Mar 2024
- News
Research Brief: The Real Cost of Countering China
Alfaro calls the “great reallocation”—but surprisingly it doesn’t mean the United States is less dependent on China. In the working paper, “Global Supply Chains: The Looming ‘Great Reallocation,’ ” Alfaro and her coauthor, Tuck School associate professor Davin Chor,... View Details
- January 1975 (Revised March 1988)
- Case
Quaker Oats Co.: Cost of Capital (B)
Wippern, Ronald F., and Guillermo Schultz. "Quaker Oats Co.: Cost of Capital (B)." Harvard Business School Case 275-096, January 1975. (Revised March 1988.)