Publications

Forthcoming
Article

Catching Outliers: Committee Voting and the Limits of Consensus When Financing Innovation

By: Andrey Malenko, Ramana Nanda, Matthew Rhodes-Kropf and Savitar Sundaresan

We document that investment committees of major VCs use a voting rule where one partner `championing' an early-stage investment is sufficient to invest. Their stated reason for this rule is to `catch outliers'. The same VCs use a more conventional `majority' rule for... View Details

Keywords: Optimal Voting Rules; Innovation and Invention; Venture Capital; Investment; Decision Making; Voting

SSRN

Article

Consequences of Financial Reporting Failure for Outside Directors: Evidence from Accounting Restatements and Audit Committee Members

By: Suraj Srinivasan

I use a sample of 409 companies that restated their earnings from 1997 to 2001 to examine penalties for outside directors, particularly audit committee members, when their companies experience accounting restatements. Penalties from lawsuits and Securities and Exchange... View Details

Keywords: Outcome or Result; Business Earnings; Financial Statements; Lawsuits and Litigation; Labor; Markets; Financial Reporting; Accounting Audits; Cost; Reputation

SSRN

November 1993 (Revised February 1996)
Supplement

Rudi Gassner and the Executive Committee of BMG International (B)

By: Linda A. Hill

Describes the final decision by CEO Rudi Gassner and the subsequent actions taken by the members of the executive committee. View Details

Keywords: Management Teams; Decisions; Music Industry; Media and Broadcasting Industry; Germany

November 1989
Background Note

R. Fox Testimony Before the U.S. House Armed Services Committee

By: J. Ronald Fox

March 1992 (Revised August 1993)
Background Note

Political Action Committees and the Financing of Congressional Campaigns

1995
Other Unpublished Work

L'Epargne de Proximité, Report for the Committee Finances Régionales et Budget

By: Marc L Bertoneche

Keywords: Saving

May 1994 (Revised October 1995)
Teaching Note

Rudi Gassner and the Executive Committee of BMG International (A) and (B) TN

By: Linda A. Hill and Katherine Seger Weber

Teaching Note for (9-494-055) and (9-494-056). View Details

November 2008
Journal Article

Can Research Committees Add Value for Investors? An Analysis of Lehman Brothers' Ten Uncommon Values® Recommendations

By: Boris Groysberg, Paul M. Healy and Yang Gui

Since 1949 Lehman Brothers has used an investment committee to select the top ten recommendations made by its analysts each year. We examine the performance of this committee's recommendations and find that on average its selections generated abnormal returns of 2.7%... View Details

Keywords: Forecasting and Prediction; Stocks; Financial Markets; Investment; Investment Return; Governing Rules, Regulations, and Reforms; Performance Expectations; Groups and Teams; Research; Value Creation

June 2005
Article

Governance Linked D&O Coverage: Leveraging the Audit Committee to Manage Governance Risk

By: S. Datar, M. G. Alles and J. H. Friedland

Keywords: Governance; Insurance; Accounting Audits; Management; Risk and Uncertainty

Article

A Three-Step Plan for CFOs: How to Help Your Audit Committee Work More Effectively

By: Robert C. Pozen

Keywords: Management; Groups and Teams; Performance Effectiveness

31 Jan 2003
Keynote Speech

Business Ethics as a Cornerstone of Success." Keynote speaker. "Finance, Law, and Communications/IR Committees

By: Lynn S. Paine

Keywords: Ethics; Success

2024
Government Testimony

Budget Committee Testimony on Riskier Business: How Climate Is Already Challenging Insurance Markets

By: Ishita Sen

Keywords: Insurance; Climate Change

March 3, 2013
Guest Column

Informe de la comisión de notables [Report of the Committee of the Notables]

By: Laura Alfaro

2001
Government Testimony

Terrorist Risk Insurance: Hearing before the Committee on Banking, Housing, and Urban Affairs

By: Kenneth A. Froot

Teaching Interest

Overview

By: Suraj Srinivasan

Professor Srinivasan serves as the Course Head for the required MBA course Financial Reporting and Control. He has previously taught the second year MBA elective Business Analysis and Valuation Using Financial Statements and teaches the executive education version... View Details

Keywords: Business Analysis; Business Evaluation; Financial Statements; Financial Analysis; Audit Committees; Corporate Governance; Compensation Committees

April 2018 (Revised June 2020)
Case

Tesla's CEO Compensation Plan

By: Krishna G. Palepu and Sarah Mehta

Tesla’s board of directors proposed an unusual compensation plan for the company’s CEO Elon Musk. The plan payouts were entirely contingent on achieving very ambitious market value, sales, and EBIT targets over the next ten years. If all the targets were achieved,... View Details

Keywords: CEO Compensation; Compensation Committee; Corporate Governance; Executive Compensation; Governing and Advisory Boards; Business and Shareholder Relations; Auto Industry; United States

Educators

1989
Other Unpublished Work

Congressional Testimony on Dealing with Persistent Acquisition Problems - U.S. Senate, Committee on Armed Services

By: J. Ronald Fox

Keywords: Government and Politics; Contracts; Problems and Challenges; United States

1988
Other Unpublished Work

Congressional Testimony On Dealing with Cost Overruns and Schedule Slippages - U.S. Senate, Committee on Armed Services

By: J. Ronald Fox

Keywords: Government and Politics; Performance; Economics; United States

1990
Other Unpublished Work

Congressional Testimony on Defense Acquisition Reform - U.S. House of Representatives Committee on Armed Services, Investigations Subcommittee

By: J. Ronald Fox

Keywords: National Security; Contracts; Governing Rules, Regulations, and Reforms; Business and Government Relations; United States