Publications

18 Jun 2007
Op-Ed

Leveling the Executive Options Playing Field

managers at the expense of investors and tax authorities.” My comments below provide an overview of the financial and tax accounting systems and their treatment of incentive compensation. Independently, the... View Details

Keywords: by Mihir Desai

August 2006
Article

Predicting Returns with Managerial Decision Variables: Is There a Small-Sample Bias?

By: Malcolm Baker, Ryan Taliaferro and Jeffrey Wurgler

Many studies find that aggregate managerial decision variables, such as aggregate equity issuance, predict stock or bond market returns. Recent research argues that these findings may be driven by an aggregate time-series version of Schultz's (2003, Journal of Finance... View Details

Keywords: Prejudice and Bias; Fairness; Managerial Roles; Management Analysis, Tools, and Techniques; Equity; Bonds; Financial Markets; Investment; Capital Markets; Borrowing and Debt; Investment Return

Find at Harvard

Read Now

01 Nov 2022

Harvard Business School Information Session in Lagos

Hosted by Chad Losee, Managing Director, HBS MBA Admissions and Financial Aid, this event is designed for prospective applicants to learn more about the MBA Program and life at HBS through the voices of HBS... View Details

31 Oct 2022

Harvard Business School Information Session in Abuja

Hosted by Chad Losee, Managing Director, HBS MBA Admissions and Financial Aid, this event is designed for prospective applicants to learn more about the MBA Program and life at HBS through the voices of HBS... View Details

Harvey H. Lamm

his tenure, Subaru was rated as one of the best financially managed automobile companies in the United States, regularly achieving 55%+ return on equity ratios. View Details

Keywords: Automotive & Aerospace

01 Oct 2015
Blog Post

Why We Recruit: Goldman Sachs

Organization:Annie McMullen, Harvard Business School Recruiter, University Relations Team, Goldman Sachs Describe your organization in three to five sentences.Goldman Sachs is a leading global investment banking, securities and investment View Details

Web

Our Leadership | Information Technology

Our Leadership Elizabeth (Beth) Clark Chief Information Officer Application & Service Administration Irene Good, Managing Director IT Financial Management & Business Operations... View Details

Web

Institutions, Macroeconomics, and the Global Economy - Course Catalog

globalization entails. All managers now face a business environment where international, macroeconomic, and political phenomena matter. Understanding the genesis of financial and currency crises, stock... View Details

01 Jun 1998
News

Short Takes

HBS professor Michael Beer and Harvard University doctoral candidate Nancy Katz report on a survey of 205 executives from 30 countries in industries such as manufacturing, retail, and financial and professional services. The survey... View Details

Keywords: Orna Feldman and Caroline Chauncey

01 Oct 2024
Research & Ideas

How Politics Drives Business Decisions in a Polarized Nation

so,” Kempf says. “We see it in views of the economy or views of certain risks, like the risk posed by certain political events or climate change or by the pandemic. There’s even the growing importance of partisanship in determining who works together and who does View Details

Keywords: by Jay Fitzgerald

01 Feb 1997
News

Shaping the Future of Business: Entrepreneurial Evolution at HBS

environments," Sahlman says. "It is an integrative course in which managers can learn to use the financial perspective to inform resource acquisition and allocation decisions." Today the Entrepreneurial... View Details

Keywords: Nancy O. Perry and Susan Young; profiles by Garry Emmons

February 2001 (Revised March 2001)
Case

Apax Partners and Dialog Semiconductor: March 1998

By: G. Felda Hardymon, Josh Lerner, Antonio Alvarez-Cano and Borja Martinez

Apax Partners is considering a complex buyout of a semiconductor manufacturer. The firms must assess in a compressed timeframe the complex technological, financial, and operational risks that the proposed transaction poses. View Details

Keywords: Market Transactions; Leveraged Buyouts; Restructuring; Time Management; Production; Risk Management; Financial Services Industry; Financial Services Industry

01 Jun 2003
News

Portraits from the Class of 2003

Srivatsa Krishna "I believe my life will have value only if it can add value to the lives of others." Currently: on sabbatical from the Indian Administrative Service, India's elite top management civil service cadre Hometown: New Delhi... View Details

Keywords: Administration of Economic Programs; Government

January – February 2011
Article

Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly

By: Malcolm Baker, Brendan Bradley and Jeffrey Wurgler

Contrary to basic finance principles, high-beta and high-volatility stocks have long underperformed low-beta and low-volatility stocks. This anomaly may be partly explained by the fact that the typical institutional investor's mandate to beat a fixed benchmark... View Details

Keywords: Volatility; Stocks; Investment Return; Investment Portfolio; Risk Management; Performance Expectations

Find at Harvard

Read Now

December 2008 (Revised February 2017)
Case

Olam International

By: David E. Bell and Mary Shelman

In 20 years, Sunny Verghese had built Singapore-based Olam International from a small Nigerian export company into a $5 billion global leader in agricultural commodities with a core competence in Africa. Olam's growth had come by pursuing product and geographic... View Details

Keywords: Financial Crisis; Trade; Growth and Development Strategy; Supply Chain; Expansion; Agriculture and Agribusiness Industry; Africa; Singapore

1999
Other Unpublished Work

Ownership and Control in Entrepreneurial Firms: An Examination of Convertible Securities in Venture Capital Investment

By: Paul A. Gompers

Keywords: Business Startups; Ownership; Management; Debt Securities; Venture Capital

November 2008 (Revised January 2012)
Case

Teena Lerner: Dividing the Pie at Rx Capital (Abridged)

By: Boris Groysberg, Victoria Winston and Robin Abrahams

Teena Lerner, the CEO of Rx Capital, had a problem. Her three-year-old hedge fund was highly profitable, but in 2004, one of her four equities analysts lost a lot of money for the firm. If Lerner followed her existing compensation system, designed to reward teamwork,... View Details

Keywords: Compensation and Benefits; Employee Relationship Management; Performance Evaluation; Groups and Teams; Financial Services Industry