Publications

19 Sep 2023
HBS Case

How Will the Tech Titans Behind ChatGPT, Bard, and LLaMA Make Money?

are making a real, albeit subtle, statement about what to avoid, which is actually trying to directly monetize the core technology—the AI model—itself. The challenge we face right now with AI is it's very possible that the actual... View Details

Keywords: by Ben Rand; Technology; Information Technology

04 May 2010
First Look

First Look: May 4

PublicationsAnnual Review of Financial Economics Editors:Andrew W. Lo and Robert C. Merton Publication:Vol. 1. Palo Alto: Annual Reviews, 2009 An abstract is unavailable at this time. Publisher's Book Abstract:... View Details

Keywords: Martha Lagace

August 2017 (Revised November 2017)
Case

Accounting for Political Risk at AES

By: Gerardo Pérez Cavazos and Suraj Srinivasan

As a global energy generating company, AES frequently faces challenges from political changes and instability. This is exacerbated by the fact that in many instances AES' primary customer is the government, which is also in charge of law-making. For example, AES'... View Details

Keywords: Political Risk; Asset Impairment; Risk Factors; Fair Value; Fair Value Accounting; Financial Reporting; Financial Statements; Energy Industry; Bulgaria; Dominican Republic; United States; Venezuela

Web

Frequently Asked Questions - Doctoral

Admissions & Financial Support Frequently Asked Questions When is the deadline to apply? Applications for Fall 2026 admission will open in September 2025. The deadline to submit applications for Fall 2026 admission will be December 1,... View Details

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Accounting & Management Curriculum - Faculty & Research

Jonas Heese Fall 2024 Q1 1.5 Business Analysis and Valuation Using Financial Statements Joseph Pacelli Fall 2024 Q1Q2 3.0 Changing the World: Life Choices of Influential Leaders (also listed under General... View Details

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Impact Investments

Mission Statement The Project on Impact Investments is dedicated to studying the universe of impact investors and portfolio companies that seek to generate social benefits alongside financial returns as well... View Details

November 1999
Background Note

Recognizing Revenues and Expenses: Realized and Earned

By: Robert S. Kaplan

Describes a key concept in financial accounting: choosing an appropriate revenue recognition point. The accrual process requires revenue recognition and expense matching for reporting on the value creation process of companies. Describes the two key criteria for... View Details

Keywords: Accounting Audits; Accrual Accounting; Cost Accounting; Budgets and Budgeting; Revenue; Profit; Cost Management; Value Creation; Competitive Strategy; Financial Statements; Accounting Industry

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Help - Alumni

careful when you receive an email requesting sensitive data. HBS, banks, or any legitimate service will never ask for sensitive information through email. As a precaution, contact the company from which the email apparently originates (using a phone number from a View Details

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Europe - Global

significant transformation. The ERC has contributed to much of the European-focused faculty publications and research projects across the School. Research topics have ranged from the challenges of European economic and financial... View Details

March 2016 (Revised October 2023)
Case

Central European Distribution Corporation: Hostile Takeover, Bankruptcy Makeover

By: Stuart C. Gilson and Sarah L. Abbott

In early 2013, Central European Distribution Corporation (CEDC), a large publicly traded producer and distributer of vodka and spirits in Eastern and Central Europe, has suffered significant declines in its financial performance, is at risk of defaulting on its debt,... View Details

Keywords: Hostile Takeover; Accounting Restatement; Activist Shareholder; Restructuring; Mergers and Acquisitions; Financial Statements; Corporate Governance; Investment Activism; Distribution Industry; Food and Beverage Industry; United States; Russia; Europe

William Sahlman is a Baker Foundation Professor of Business Administration at Harvard Business School.

Mr. Sahlman received an A.B. degree in Economics from Princeton University (1972), an M.B.A. from Harvard University (1975), and a Ph.D. in Business... View Details

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Organize Care Around Medical Conditions - Institute For Strategy And Competitiveness

unified financial structure which ideally is a unified profit and loss statement IPUs routinely measure outcomes, costs, care processes, and patient experience using a common platform, and accept joint... View Details

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Online Finance & Accounting Courses | HBS Online

aligns with your experience, learning objectives, and educational goals. Access Your Free Flowchart Free Financial Statement Templates Financial View Details

November 2005 (Revised July 2009)
Case

Cutter & Buck (A)

By: William A. Sahlman and Victoria Winston

Only three short months into her new position as CEO of publicly traded golf apparel manufacturer Cutter & Buck, Fran Conley discovers accounting irregularities that call into question the reliability of this company's financial statements. Working closely with her... View Details

Keywords: Financial Statements; Crime and Corruption; Corporate Disclosure; Governing and Advisory Boards; Lawsuits and Litigation; Organizational Change and Adaptation; Going Public

Web

Middle East & North Africa - Global

project partner, the HBS students proposed that rather than introduce a digital product, the bank should create a financial education hub where classes and access to financial advisors would be offered to... View Details

January 2010 (Revised April 2013)
Case

Aubrey McClendon's Special Incentive Compensation at Chesapeake Energy (A)

By: Paul Healy, Clayton S. Rose and Aldo Sesia

Aubrey McClendon, founder and CEO of Chesapeake Energy, was, according to Fortune Magazine, the highest paid U.S. CEO in 2008 receiving over $100 million in total compensation. McClendon received this compensation despite a significant drop in the company's stock price... View Details

Keywords: Financial Statements; Financial Reporting; Price; Stock Options; Valuation; Joint Ventures; Business Growth and Maturation; Economic Growth; Growth and Development Strategy; Change Management; Energy Industry; United States