Costs Of Financial Distress - Publications - Faculty & Research

November 2024 (Revised January 2025)
Case

MiDAS: Automating Unemployment Benefits

By: Shikhar Ghosh and Shweta Bagai

In 2015, the state of Michigan considered whether to nominate its Michigan Integrated Data Automated System (MiDAS) for a prestigious state technology award. Launched in 2013 amid severe budget pressures, the $47 million automated fraud detection system was designed to... View Details

Citation

Educators

Purchase

01 Dec 2019
News

What’s Behind the Explosive Growth of Sustainable Investing?

financial returns and impact in the business model of investee companies. Quite a few of the large, global PE firms have launched impact funds over the last year. On the public... View Details

Keywords: Jen McFarland Flint

07 Feb 2008
Working Paper Summaries

Attracting Flows by Attracting Big Clients: Conflicts of Interest and Mutual Fund Portfolio Choice

Keywords: by Lauren H. Cohen & Breno Schmidt; Financial Services

23 Jul 2001
Research & Ideas

How One Center of Innovation Lost its Spark

While the knowledge sharing benefits of clusters takes off, the liability of institutionalization rise steadily as a function of time. These View Details

Keywords: by Donald Sull; Manufacturing; Transportation; Auto

09 Nov 2009
Research & Ideas

Come Fly with Me: A History of Airline Leadership

cost increases to consumers. This was no longer possible after deregulation. Most of the legacy carriers had a considerable amount of difficulty adjusting to the new... View Details

Keywords: by Sarah Jane Gilbert; Air Transportation

24 Mar 2010
Working Paper Summaries

Fiduciary Duties and Equity-Debtholder Conflicts

Keywords: by Bo Becker & Per Stromberg

15 Dec 2008
Research & Ideas

The Surprisingly Successful Marriages of Multinationals and Social Brands

appreciate the social value dimension of the mice's missions or failing to respect their distinctive operating culture can create incompatibility and conflict that will probably cancel the courting or sour the marriage. Don't look first... View Details

Keywords: by Sarah Jane Gilbert; Consumer Products; Food & Beverage

August 8, 2018
Article

Hospital-based ACOs Face Challenges in Tracking Performance Indicators

By: Christiana Beveridge, Sofia Warner, Greg Leya and Thomas W. Feeley

Given that accountable care organizations (ACOs) have not achieved the degree of cost reductions and quality improvements initially hoped for, we sought to better understand the underlying reasons for their limited success. Our analysis of American Hospital Association... View Details

Keywords: ACOs; Health Care and Treatment; Cost Management; Performance; Measurement and Metrics

Citation

Read Now

22 May 2017
Lessons from the Classroom

A Luxury Industry Veteran Teaches the Importance of Aesthetics to Budding Business Leaders

financial value. As Brown often says, “Aesthetics matter.” The business of aesthetics is built on storytelling, too. “You can have a well-developed sense of what is beautiful... View Details

Keywords: by Carmen Nobel; Beauty & Cosmetics; Apparel & Accessories; Auto; Tourism

01 Mar 2014
News

Insight: Yenball

advertising over his first four years with the club. Matsui's presence reportedly brought $500 million in five years to New York City, measured by everything from hotel bookings to restaurant sales. Of course, no amount View Details

Keywords: Morrell, Daniel; Masahiro Tanaka; Hideki Matsui; Isao Okada; business of sports; Arts, Entertainment

01 Dec 2020
Blog Post

Hiring a Career Switcher: The Value of the MS/MBA

techno-economic analysis which combined process modeling, engineering design, and economic valuation. Constructing the financial component of this model required a deep understanding View Details

Keywords: All Industries

25 Jul 2019
Blog Post

Advancing a More Sustainable World with an MBA/MPA-ID

of sustainability rested first and foremost on the financial benefits and cost savings. As a result, I decided to apply to Harvard Business School through the 2+2... View Details

24 Sep 2014
Op-Ed

The ABCs of Addressing Climate Change (From a Business Perspective)

zone. It's how financial managers cover the possibility of unlikely but high impact events. Why would asset owners—never mind groups of citizens—not want to use a... View Details

Keywords: by John Macomber; Energy; Utilities

Research Summary

Corporate Restructuring and Business Insolvency: Economic Impact and Best Practices

By: Stuart C. Gilson

Stuart C. Gilson is studying how severe financial distress impacts corporate policies and economic resource allocation. He is also studying how managers can best respond to financial distress in order to preserve and grow value. He is undertaking this research... View Details

07 Nov 2016
Research & Ideas

Corporate Tax Strategies Mirror Personal Returns of Top Execs

companies and their shareholders. It’s no secret that companies with similar financials often pay very dissimilar amounts of tax in a given year. The same is true of... View Details

Keywords: by Roberta Holland

Blog

Inside the Learning: The Impact of a Personal Case

Every executive who applies to the HBS Advanced Management Program (AMP) is likely facing some business challenges that keep them up at night. Issues on their mind might be anything from a tough strategic decision or distressing View Details

18 Aug 2011
Lessons from the Classroom

Business Plan Contest: 15 Years of Building Better Entrepreneurs

to get good feedback that would help us understand how VCs would be looking at our business model," adds Weng. (Battery Ventures and a few private investors bought into FashionStake's vision early on.) FashionStake and other consumer Internet companies have benefited... View Details

Keywords: by Julia Hanna; Education

Web

Corporate Governance and Boards of Directors - Course Catalog

executives, and shareholders; the changing rights and powers of shareholders; different theories of corporate governance and their practical implications; the legal, financial, managerial, and behavioral... View Details

01 Feb 1999
News

Q&A: Camille Tang Yeh of the Asia-Pacific Research Office

information and financial and other intermediaries. How will the Asia-Pacific region benefit from the presence of the HBS research office? The intellectual capital created by the exchange View Details

Keywords: Educational Support Services; Educational Services

25 Sep 2018
First Look

New Research and Ideas, September 25, 2018

219-018 "Oaktree: Pierre Foods Investment This case is a setting to discuss “loan to own” investment strategy that is often pursued by distressed investors. The aftermath of the 2007 View Details

Keywords: Dina Gerdeman

Publications