Publications

03 Jan 2017
First Look

January 3, 2017

relocation of resources in affected fund families and in the asset management industry in general, as well as decline in capital of issuers borrowing from money funds. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51404 forthcoming Review of View Details

Keywords: Carmen Nobel

30 Mar 2015
Research & Ideas

Managing the Family Business: Preparing to Sell

vehicles while they catch their breath and assess their interests, unity, and risk tolerance. Longer term, they might start or buy another operating company, while keeping some portion of their assets, individually or collectively, in other kinds of investments. 3.... View Details

Keywords: by Jonathan Pellegrin; Food & Beverage; Retail

01 Apr 1998
News

Microfinance's Big Payoff: Michael Chu and ACCION International

The emergence of civilian governments and market economies throughout the region presents the opportunity for people to be included in the shaping of their destiny - if they can participate. Microfinance helps people earn enough... View Details

November 2007 (Revised June 2016)
Case

British Land

By: Lucy White

British Land's shares traded below NAV. Laxey investments tried to force British Land into share buybacks and criticized its corporate governance. Laxey voted borrowed shares at the AGM. View Details

Keywords: Stock Shares; Valuation; Property; Investment; Corporate Governance; Real Estate Industry; London

Educators

05 Jan 2022
News

Untapped Potential

and wastewater systems of varying size, the majority of which are extremely small. Those systems—some investor owned, others government operated—have a variety of governance structures and infrastructures... View Details

December 1999 (Revised April 2012)
Background Note

Earnings Per Share

By: David F. Hawkins

Discusses accounting rules for earnings per share measurement. The U.S. approach is described in detail and non-U.S. practices are briefly covered. A rewritten version of an earlier note. View Details

Keywords: Business Earnings; Stock Shares; Profit; Governing Rules, Regulations, and Reforms; Measurement and Metrics; United States

Educators

1996
Article

Limits on Interest Rate Rules in the IS Model

By: William R. Kerr and Robert G. King

There has been a substantial amount of research on interest rate rules. This literature finds that the feasibility and desirability of interest rate rules depends on the structure of the model used to approximate macroeconomic reality. We employ a series of... View Details

Keywords: Inflation and Deflation; Macroeconomics; Interest Rates; Price; Governing Rules, Regulations, and Reforms; Performance Expectations

April 2024
Article

Model-based Financial Regulations Impair the Transition to Net-zero Carbon Emissions

By: Matteo Gasparini, Matthew C. Ives, Ben Carr, Sophie Fry and Eric Beinhocker

Investments via the financial system are essential for fostering the green transition. However, the role of existing financial regulations in influencing investment decisions is understudied. Here we analyse data from the European Banking Authority to show that... View Details

Keywords: Climate Change; Investment; Governing Rules, Regulations, and Reforms; Energy Sources

February 1986
Article

The Derivation of the Bayesian Ramsey Pricing Rule

By: Dutch Leonard and William B. Tye

Keywords: Price; Governing Rules, Regulations, and Reforms

Find at Harvard

01 Mar 2009
News

Faculty Books

economy to foreign trade and investment not result in sustained economic growth? Why has electoral democracy not produced the rule of law? The answers to these questions lie in the ways in which Mexico’s long history with authoritarian View Details

Keywords: Telecommunications; Information; Management, Scientific, and Technical Consulting Services; Professional Services

2024
Working Paper

Deregulation, Market Power, and Prices: Evidence from the Electricity Sector

By: Alexander MacKay and Ignacia Mercadal

We construct a novel dataset on electricity generation, wholesale transactions, and retail sales to assess the shift from cost-of-service regulation to deregulated, market-based prices in the context of the U.S. electricity sector. Consistent with earlier studies, we... View Details

Keywords: Deregulation; Market Power; Markups; Prices; Electricity; Energy; Markets; Governing Rules, Regulations, and Reforms; Price; Utilities Industry

SSRN

Fall 2017
Article

Strengthening and Streamlining Bank Capital Regulation

By: Robin Greenwood, Samuel Gregory Hanson, Jeremy C. Stein and Adi Sunderam

We propose three core principles that should inform the design of bank capital regulation. First, wherever possible, multiple constraints on the minimum level of equity capital should be consolidated into a single constraint. This helps to avoid a distortionary... View Details

Keywords: Banks and Banking; Capital; Governing Rules, Regulations, and Reforms; Banking Industry

24 Jun 2014
First Look

First Look: June 24

Pfizer, as well as nonprofits and international government agencies, the authors show how successful leaders of innovation don't create a vision and try to make innovation happen themselves. Rather, they create and sustain a culture where... View Details

Keywords: Sean Silverthorne

01 Oct 2021
News

HBS-Harvard Collaboration Fosters New Ventures

Thrive! helps communities of color Roughly 84 percent of children born into poverty will live in poverty for the rest of their lives. Thrive! is a software-as-a-service that helps local governments break the... View Details

November 2006 (Revised August 2012)
Background Note

A Strategic Perspective on Bankruptcy

By: Bill George, Jim Sharpe and Andrew N. McLean

An overview of bankruptcy procedures in U.S. courts, recent filing data and a framework for evaluating a reorganization with creditors or considering opening a court-supervised reorganization under Chapter 11 of the Bankruptcy Code. View Details

Keywords: Bankruptcy; Financial Distress; Turnarounds; Legal Aspects Of Business; Liquidation; Boards Of Directors; Hedge Funds; Strategy; Law; Governing and Advisory Boards; Negotiation; Crisis Management; Policy; Insolvency and Bankruptcy; Credit; Financial Crisis; United States

Educators