Publications

Educators

Article

When the Local Newspaper Leaves Town: The Effects of Local Newspaper Closures on Corporate Misconduct

By: Jonas Heese, Gerardo Pérez Cavazos and Caspar David Peter

We examine whether the local press is an effective monitor of corporate misconduct. Specifically, we study the effects of local newspaper closures on violations by local facilities of publicly listed firms. After a local newspaper closure, local facilities increase... View Details

Keywords: Corporate Misconduct; Local Newspapers; Media Coverage; Firm Monitoring; Newspapers

SSRN

2015
Chapter

Information Technology and the Distribution of Inventive Activity

By: Chris Forman, Avi Goldfarb and Shane Greenstein

We examine the relationship between the diffusion of advanced Internet technology and the geographic concentration of invention, as measured by patents. First, we show that patenting became more concentrated from the early 1990s to the early 2000s and, similarly, that... View Details

Keywords: Patents; Geographic Location; Internet and the Web; Innovation and Invention

2018
Race & 21st century economy: Access, investments and institution-building

The Importance of Entrepreneurship to the Black Community

Book Review

Review of Transforming the Development Landscape: The Role of the Private Sector, edited by Lael Brainard

By: Eric D. Werker

Keywords: Information; Transformation; Growth and Development; Private Sector

2024
Working Paper

Health, Human Capital Development and the Longevity of Japanese Elites Since 710

By: Tom Nicholas and Hiroshi Shimizu

We examine the lifespan of over 40,000 elites in Japan born between 710 and 1912, including samurai warriors, feudal lords, business, political, cultural, and religious leaders at the apex of the social hierarchy. Japanese elites experienced increases in lifespan about... View Details

Keywords: Life Expectancy; Status and Position; Health; History; Human Capital; Japan

Read Now

15 Jul 2025
Blog Post

Outrage at the Death of a Tree

Tarun Khanna, Jorge Paulo Lemann Professor at the Harvard Business School, reflects on creativity, innovation, and inclusive economic systems. You can subscribe to his Substack newsletter here: https://tarunkhanna.substack.com/ During a... View Details

Article

The Value of Trading Relations in Turbulent Times

By: Marco Di Maggio, Amir Kermani and Zhaogang Song

This paper investigates how dealers’ trading relations shape their trading behavior in the corporate bond market. Dealers charge lower spreads to dealers with whom they have the strongest ties and more so during periods of market turmoil. Systemically important dealers... View Details

Keywords: OTC Markets; Network; Corporate Bonds; Crisis; Intermediation Chains; Leaning Against The Wind; Networks; Bonds; Behavior; Financial Crisis

2003
Book

The Monied Metropolis: New York City and the Consolidation of the American Bourgeoisie, 1850–1896

By: Sven Beckert

This book, first published in 2001, is a comprehensive history of the most powerful group in the nineteenth-century United States: New York City's economic elite. This small and diverse group of Americans accumulated unprecedented economic, social, and political power,... View Details

Keywords: Literacy; Income; Identity; Culture; Economics; Power and Influence

March 2011
Teaching Note

The Political Economy of Carbon Trading (TN)

By: Forest L. Reinhardt and J. Gunnar Trumbull

Teaching Note for 710056. View Details

Keywords: Climate Change; Globalization; International Relations; Problems and Challenges; Agreements and Arrangements; Risk Management; Developing Countries and Economies; System; United States; China

April 2019
Case

American Ballet Theatre

By: Anita Elberse, Tsubasa Nakajima and Melissa Rodman

Kara Medoff Barnett, executive director of American Ballet Theatre (ABT), widely regarded as one of the world’s premier ballet companies, faces several challenges. It is June 2018. Despite its prestige, the company’s $45 million annual budget and $22 million endowment... View Details

Keywords: Performing Arts; Superstars; Talent; Talent Development; Non-profit; Contracts; Labor Economics; General Management; Arts; Entertainment; Media; Talent and Talent Management; Nonprofit Organizations; Marketing; Strategy

Educators

2003
Class Lecture

The Opportunity and Threat of Disruptive Technologies

By: Clayton M. Christensen

Keywords: Disruptive Innovation; Risk and Uncertainty; Opportunities

September 2010
Article

Bank Lending During the Financial Crisis of 2008

By: Victoria Ivashina and David S. Scharfstein

This paper documents that new loans to large borrowers fell by 47% during the peak period of the financial crisis (fourth quarter of 2008) relative to the prior quarter and by 79% relative to the peak of the credit boom (second quarter of 2007). New lending for real... View Details

Keywords: Financial Liquidity; Financing and Loans; Credit; Borrowing and Debt; Financial Crisis; Banking Industry

February 2011
Module Note

Business Cycles and the New Challenges of Globalization

By: Diego A. Comin

Business Cycles and the New Challenges of Globalization is one of the core modules in Business Government and the International Economy (BGIE), a course for the required curriculum of the Harvard Business School. BGIE teaches the economic, political and historical... View Details

Keywords: Fluctuation; Business Cycles; Trade; Business Education; Curriculum and Courses; Capital; Cash Flow; Globalization; Problems and Challenges; China

October 2024
Article

Racial Disparities in the Paycheck Protection Program

By: Sergey Chernenko and David Scharfstein

Using a large sample of Florida restaurants, we document significant racial disparities in borrowing through the Paycheck Protection Program (PPP) and investigate the causes of these disparities. Black-owned restaurants are 25% less likely to receive PPP loans.... View Details

Keywords: Discrimination; Paycheck Protection Program; Economic Injury Disaster Loans; Bank Lending; Nonbank Lending; Banks and Banking; Financing and Loans; Prejudice and Bias; Race

Read Now

05 Sep 2019
News

The problem of medical debt, and the wonky fight behind Bernie Sanders’s plan to eliminate it, explained

2025
Working Paper

Residential Battery Storage - Reshaping The Way We Do Electricity

By: Christian Kaps and Serguei Netessine

In this paper, we aim to understand when private households invest in behind-the-meter battery storage next to rooftop solar and how those batteries impact households, the electricity market, and emissions. We answer three main research questions: 1) When do customers... View Details

Keywords: Solar Power; Energy Storage; Technology And Innovation Management; Energy; Energy Policy; Renewable Energy; Technological Innovation; Innovation and Management; Energy Industry

SSRN

08 Oct 2014
Working Paper Summaries

The Federal Reserve’s Abandonment of Its 1923 Principles

Keywords: by Julio J. Rotemberg; Banking; Legal Services

24 Apr 2014
News

Breaking the cycle of poverty in urban areas

As president of Eos Foundation, Andrea Silbert (AB 1986, MBA 1991, MPA 1992) invests charitable dollars to help fight poverty and hunger in Massachusetts. In 2007 Silbert became president of the Boston-based... View Details

June 1991 (Revised June 1993)
Background Note

The Decline of the British Cotton Industry (Abridged)

Supplements the general argument concerning the decline of the British economy by showing how vertical specialization, horizontal competition, and entrenched job control combined to create incentives for management to adapt to changing international conditions by... View Details

Keywords: Technology; Business Cycles; Organizational Structure; Consumer Products Industry; Great Britain