Publications

July 2003 (Revised February 2004)
Background Note

M&A Legal Context: Standards Related to the Sale or Purchase of a Company

By: Carliss Y. Baldwin, Constance E. Bagley and James Quinn

Introduces students to the legal standards affecting officers and directors when selling or purchasing a company. Provides a practical understanding of the Revlon Standard, the Securities and Exchange Act of 1934, Rule 10b-5, and the legal criteria for a cause of... View Details

Keywords: Laws and Statutes; Law Enforcement; Government Legislation; Acquisition; Business Exit or Shutdown; Corporate Governance; Going Public; Courts and Trials

January 2024
Supplement

Accounting Red Flags or Red Herrings at Catalent? (B)

By: Joseph Pacelli, ZeSean Ali and Tom Quinn

GlassHouse Research identified accounting red flags at Catalent. Fiat Lux Partners countered most of GlassHouse’s claims. Who was right? This update explores the aftermath of the short seller duel. View Details

26 Mar 2014
Research & Ideas

How Electronic Patient Records Can Slow Doctor Productivity

care providers who demonstrate "meaningful use" of digital records. The legislation came from the belief that EHRs used in certain ways—such as medication order entry that would alert a clinician about drug-to-drug interactions—could... View Details

Keywords: by Dina Gerdeman; Health

09 Aug 2013
Research & Ideas

Read All About It: Digital CEO Buys Traditional Media!

counterbalance other, increasingly concentrated sources of power and wealth) and self-interest (the vanity of having a mouthpiece to promote their personal agendas, or, more troubling perhaps, to influence the public and legislators on... View Details

Keywords: by Jim Aisner; Journalism & News; Publishing

October 2010 (Revised July 2013)
Case

AEP: Carbon Capture and Storage

By: Richard H.K. Vietor

By October 2010, American Electric Power, the largest coal-fired, electric utility in the United States, had been operating a carbon capture and sequestration pilot plant for one year. Using a proprietary, Alstom chilled ammonia technology, AEP was capturing and... View Details

Keywords: Energy Generation; Government Legislation; Technological Innovation; Partners and Partnerships; Projects; Decision Choices and Conditions; Environmental Sustainability; Problems and Challenges; Utilities Industry; United States

02 Sep 2002
Research & Ideas

Foreign Multinationals in the U.S.: A Rocky Road

extension to their worldwide businesses. These fears were exaggerated, but reflected alarm about the unpredictable ways in which the U.S.'s unique legislation was enforced. Secondly, there was a widespread belief that the U.S. market was... View Details

Keywords: by Sarah Jane Johnston & Martha Lagace

September 2024 (Revised October 2024)
Case

River Remedy: Navigating Mississippi’s Medical Marijuana Market

By: Robin Greenwood, Richard S. Ruback and Robert Ialenti

MBA student William Chism, the founder of a fully integrated medical marijuana company based in Mississippi, must respond to a significant disruption in the fledgling industry. In late 2023, Rapid Analytics, one of two active licensed testing facilities, has its... View Details

Keywords: Plant-Based Agribusiness; Business Growth and Maturation; Forecasting and Prediction; Microeconomics; Local Range; Government Legislation; Demand and Consumers; Supply and Industry; Competitive Strategy; Governance Controls; Agriculture and Agribusiness Industry; Consumer Products Industry; Mississippi

26 Apr 2011
Op-Ed

HBS Faculty Comment on Environmental Issues for Earth Day

power was introduced in the 1960s, the technology was new, and states defined geothermal resources (the heat of the earth that is used to make electricity) in various ways. Some state legislators defined it as heat or mineral, others as... View Details

Keywords: by Staff; Energy; Utilities

March 2010
Article

Information Content of Insider Trades before and after the Sarbanes-Oxley Act

By: Francois Brochet

This paper examines the information content of Form 4 filings under the more timely disclosure regime introduced by Section 403 of the Sarbanes-Oxley Act of 2002 (SOX). Abnormal returns and trading volumes around filings of insider stock purchases are significantly... View Details

Keywords: Stocks; Corporate Disclosure; Governing Rules, Regulations, and Reforms; Government Legislation; Lawsuits and Litigation; Market Transactions; Volume; Sales

Find at Harvard

10 Mar 2014
Research & Ideas

Counting Up the Effects of Sarbanes-Oxley

Widely deemed the most important piece of security legislation since formation of the Securities and Exchange Commission in 1934, the landmark Sarbanes-Oxley Act of 2002 was born into a climate still reeling from the burst of the... View Details

Keywords: by Julia Hanna; Accounting; Banking

15 Nov 2012
Research & Ideas

Funding the Design of Livable Cities

buildings to be more livable and environmentally sustainable, and incorporate low- or no-carbon emitting public transportation systems. Yet while mayors often have greater legislative freedom to shape local energy use and building... View Details

Keywords: by Lisa Chase; Construction; Real Estate; Energy; Utilities

13 Apr 2010
First Look

First Look: April 13

five-year legislative process for a major new law regulating chemicals in the European Union appeared to be nearing its conclusion. REACH—the Registration, Evaluation, Authorization, and Restriction of Chemicals—would create a new... View Details

Keywords: Martha Lagace

26 Feb 2007
Research & Ideas

The Power of the Noncompete Clause

a former assistant of his from setting up shop in the same town. But judges in the fifteenth century did not look favorably upon noncompetes, as the Bubonic plague had largely decimated the European labor supply. Legislation of the time... View Details

Keywords: by Martha Lagace

September 2019 (Revised May 2020)
Supplement

Keroche (D): Transforming the Core Business

By: Ramon Casadesus-Masanell and Pippa Tubman Armerding

This case describes Keroche co-founder Tabitha Karanja’s decision to exit the wine business following the Kenyan government’s 2007 increase in excise taxes on wine. In August 2007, Keroche introduced the vodka drink Viena Ice as a replacement for its fortified wines,... View Details

September 2019 (Revised May 2020)
Supplement

Keroche (C): The Excise Tax Increase

By: Ramon Casadesus-Masanell and Pippa Tubman Armerding

This case discusses the Kenyan government’s decision to increase excise taxes on wines in 2007. The tax increase would cause an average increase in price of 367% on Keroche’s fortified wines. Meanwhile, Keroche’s competitor EABL had effectively lobbied the government... View Details