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  • 14 Dec 2010
  • First Look

First Look: Dec. 14

because external capital markets became more costly, but also because the efficiency of internal capital allocation increased significantly during the crisis. Our analysis provides new evidence on how the diversification View Details
Keywords: Sean Silverthorne
  • 28 Aug 2007
  • First Look

First Look: August 28, 2007

Working Papers Diversification of Chinese Companies: An International Comparison Authors: Joseph P.H. Fan, Jun Huang, Felix Oberholzer-Gee, Troy D. Smith, and Mengxin Zhao Abstract Purpose—This paper provides a systematic comparison of... View Details
Keywords: Martha Lagace
  • June 2024
  • Case

SnapTravel: Betting on 'Super.com'

By: Reza Satchu and Tom Quinn
This case explores SnapTravel, a travel startup offering discounted hotel rooms, and its founders’ desire to pivot to a “super app” that saved customers money across many different purchase types. During the COVID-19 pandemic, Hussein Fazal and Henry Shi saw SnapTravel... View Details
Keywords: Business Growth and Maturation; Business Plan; Business Startups; Change Management; Disruption; Transformation; Volatility; Customer Focus and Relationships; Customer Value and Value Chain; Decisions; Income; Entrepreneurship; Geographic Scope; Cross-Cultural and Cross-Border Issues; Health Pandemics; Surveys; Knowledge Acquisition; Knowledge Use and Leverage; Leading Change; Crisis Management; Goals and Objectives; Risk Management; Consumer Behavior; Game Theory; Risk and Uncertainty; Adaptation; Diversification; Expansion; System Shocks; Accommodations Industry; Technology Industry; Canada; United States; Las Vegas
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  • September 1991
  • Case

All American Pipeline

By: Timothy A. Luehrman
Goodyear is nearing its first major capital commitments for the largest investment project in its history, the All American Pipeline. The pipeline will transport heavy crude oil from California to Texas. It is the centerpiece of a major program by Goodyear to diversify... View Details
Keywords: Capital; Financial Strategy; Business Startups; Diversification; Valuation; Standards; Supply Chain; Resource Allocation; Cash Flow; Mining Industry; California; Texas
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  • 06 Sep 2004
  • Research & Ideas

The Innovator’s Battle Plan

servicing old versions of products. Companies tend to announce that they are "focusing on the core" or "seeking higher margin opportunities" when flight is in progress. Sometimes companies will launch diversification... View Details
Keywords: by Clayton M. Christensen, Scott D. Anthony & Erik A. Roth
  • 13 Jun 2017
  • Research & Ideas

Why Global Investments Are Still a Good Bet

Wang and John Zhou, Global Portfolio Diversification for Long-Horizon Investors has become one of the top downloaded papers on the online Social Science Research Network, sparking intense interest in the value of View Details
Keywords: by Michael Blanding; Financial Services
  • 11 Apr 2017
  • First Look

First Look at New Research, April 11

diversification for all investors regardless of their investment horizon. By contrast, correlated discount rate shocks imply that markets tend to move together only transitorily, and long-horizon investors... View Details
  • 24 Jul 2018
  • First Look

New Research and Ideas, July 24, 2018

rate shocks has a muted effect on portfolio risk at long horizons and does not diminish the benefits of global portfolio diversification to long-term investors. Empirically, we find that increased correlations of View Details
Keywords: Dina Gerdeman
  • 10 Nov 2003
  • Research & Ideas

The Hard Numbers on Social Investments

a willingness to accept a social discount to financial returns. However, some in the social investing community believe that this is simply untrue. Because of the increased risk associated with investing in early-stage social ventures,... View Details
Keywords: by Manda Salls
  • 29 May 2018
  • First Look

New Research and Ideas, May 29, 2018

diversification to long-term investors do not recede when the source of increased global return correlations is correlated discount rates. Empirically, we document a secular increase in the cross-country... View Details
Keywords: Dina Gerdeman
  • 21 Oct 2008
  • First Look

First Look: October 21, 2008

diversification into the technology intensive TFT-LCD flat panel display industry. Because the diversification is far away from its core competence in petrochemicals, it is an opportunity to examine how the... View Details
Keywords: Martha Lagace
  • 02 Nov 2010
  • First Look

First Look: November 2, 2010

has two main methodological innovations: First, we implement empirically the method proposed by Arcidiacono and Miller (2010) to accommodate unobserved latent class heterogeneity with a computationally light two-step estimator. Second, the bonus setting helps estimate... View Details
Keywords: Sean Silverthorne
  • 12 Mar 2012
  • Research & Ideas

Crowded at the Top: The Rise of the Functional Manager

operations, constant communication is important. And with e-mail and the like, such communication is instantaneous. "IT pushes those guys to the top," Wulf says. Firm Diversification Meanwhile, an increase in the number of... View Details
Keywords: by Carmen Nobel
  • 01 Dec 2008
  • News

Seth Klarman

as others in the same industry. In time, the discount will be corrected, and you will have the wind at your back as a holder of the stock. Do you set an annual return target? We think it’s madness to target a return. Return lies in some... View Details
Keywords: Roger Thompson; Finance
  • 18 Nov 2010
  • Research & Ideas

GM’s IPO: Back to the Future

requires careful structuring of the transaction, cautious pricing of the shares, and wide diversification of the pockets of demand by the underwriters. These elements explain the concurrent convertible preferred stock offering, the View Details
Keywords: by Staff; Auto
  • 08 Jun 2010
  • First Look

First Look: June 8

Retailing, supply chain experts Marshall Fisher and Ananth Raman explain how to use analytics to better manage your inventory for faster turns, fewer discounted offerings, and fatter profit margins. Featuring case studies of retailing... View Details
Keywords: Martha Lagace
  • 19 Apr 2011
  • First Look

First Look: April 19

on the team. Although she had been the key decision-maker in the early weeks of the project, Julia Narino now finds that her team increasingly discounts her deep client expertise while deferring to the senior partner's more generalized... View Details
Keywords: Sean Silverthorne
  • 07 Apr 2009
  • First Look

First Look: April 7, 2009

Effects of Using Unverifiable Estimates in Financial Reporting Authors:Karthik Ramanna and Ross L. Watts Abstract SFAS 142 requires managers to estimate reporting unit values to determine goodwill write-offs. Those estimates often use unverifiable View Details
Keywords: Martha Lagace
  • 15 Jan 2013
  • First Look

First Look: January 15

findings contribute to the corporate strategy literature by shedding light on the roots of the diversification discount and by showing how analysts' research enables investors to overcome asymmetric... View Details
Keywords: Sean Silverthorne