Shareholder Value - Publications - Faculty & Research

09 Sep 2015
Research & Ideas

Leadership Lessons of the Great Recession: Options for Economic Downturns

when other approaches would produce better results for customers, employees, and shareholders and foster better long-term performance of the company. “I’ve been a leader during three recessions, and I’ve never heard a management team talk... View Details

Keywords: by Sandra Sucher & Susan Winterberg; Aerospace; Electronics

04 Apr 2017
First Look

First Look at New Research, April 4

in India, as well as HBS Deans Wallace Donham and Donald David. It shows that there were quite different drivers that led business leaders to advocate corporate responsibility. Often strong religious and spiritual values were the... View Details

Keywords: Sean Silverthorne

23 Oct 2012
First Look

First Look: October 23

competition is restricted. Using 28 million vehicle emissions tests from more than 11,000 facilities, we show that increased competition is associated with greater inspection leniency, a service quality attribute that customers value but... View Details

Keywords: Sean Silverthorne

Web

2024 Reunion Presentations - Alumni

that sent interest rates into negative values. This recent increase in rates towards their average historical values has been welcoming news for savers. While it is tempting to attribute this behavior of interest rates to inflation, which... View Details

2008
Chapter

Corporate Honesty and Business Education: A Behavioral Model

By: Rakesh Khurana and Herbert Gintis

Since the mid-1970s neoclassical economic theory has dominated business school thinking and teaching in dealing with the nature of human motivation. However valuable in understanding competitive product and financial markets, neoclassical economic theory employs an... View Details

Keywords: Business Education; Ethics; Managerial Roles; Corporate Social Responsibility and Impact; Organizational Culture; Business and Shareholder Relations; Mathematical Methods; Behavior

Citation

02 Jul 2013
First Look

First Look: July 2

that the choices a VC makes when negotiating can contain important clues about her assessments and expectations. Above all, when you're negotiating with a VC, think not only about what will look good in a press release today but also about what will help you create and... View Details

Keywords: Anna Secino

16 Jul 2013
First Look

First Look: July 16

executives in the core businesses, rather than ambitious young MBAs, should be assigned to growth initiatives; 3) Assembling the wrong team and staffing up prematurely. CEOs should focus on capabilities, not who's available, and staff up only when the strategy,... View Details

Keywords: Anna Secino

01 Dec 2012
News

Shareholders' Value?

What are shareholders good for? Maybe not as much as most people think. Basically, shareholders are supposed to provide three functions: money, information, and discipline. Let's examine each. Money. In... View Details

12 Mar 2018
Op-Ed

Op-Ed: Why BlackRock CEO Larry Fink Is Not a Socialist

shareholder value is created. Every company should start with a clear purpose and set of values that go beyond making money. It is the purpose and View Details

Keywords: by Bill George; Banking

02 Oct 2019
What Do You Think?

What Grade Would You Give Walmart CEO Doug McMillon?

so primarily because of the belief that corporations have a responsibility to several stakeholders. Bing’s comment reflects this: “He deserves an A. The Milton Friedman concept of shareholder value deserves... View Details

Keywords: by James Heskett; Retail

16 Sep 2015
Op-Ed

The Real Duty of the Board of Directors

value over the short, medium, and long term. These audiences will be privileged for resource allocation purposes, and they will determine what the company deems to be material for reporting purposes. If the board decides, for example,... View Details

Keywords: by Robert G. Eccles & Tim Youmans

01 Sep 2011
News

Capitalism’s False Mantra

one that has little chance of getting better with the current theories in place,” Martin writes. Clearly, maximizing shareholder value has not worked and needs to be replaced. The problem as Martin sees it... View Details

Keywords: Sean Silverthorne; Publishing Industries (except Internet); Information; Management

April 2002
Background Note

Note on Minority Interest

This case provides a brief introduction to the concept of minority interest and the issues that it gives rise to in valuation of firms. View Details

Keywords: Valuation; Investment; Business and Shareholder Relations

Citation

Educators

Purchase

02 Sep 2010
What Do You Think?

How Transparent Should Boards Be?

board's deliberation will be publicized in the business press for weeks, further depressing the price of the stock. They remind their colleagues that the board's primary responsibility is to shareholders and the View Details

Keywords: by Jim Heskett

01 Sep 2010
News

Reinventing the Annual Report

and customer satisfaction, factors that contribute to revenue growth. So how can shareholders and other stakeholders know if a company’s commitment to a sustainable society is contributing to a sustainable strategy that will create View Details

Keywords: Robert G. Eccles

Fast Answer

First time investments in private equity and M&A.

Placements section select Valuations In the window Screening Criteria: Transaction Valuations, set the value to "= 1" Click add criteria Add other filters date and those listed under Private Placement Transaction... View Details

06 Dec 2021
Research & Ideas

The Popular Stock Metric That Can Lead Investors Astray

firm’s book equity value and compares that to its market capitalization, or market equity value. Book value is the value of a firm’s assets, including land, equipment, and... View Details

Keywords: by Rachel Layne

01 Jun 2001
News

HBS Press Books in Brief

Relationships as Valuable Assets, by Robert C. Blattberg, Gary Getz, and Jacquelyn S. Thomas, is the first book to provide a unifying framework and practical tools for measuring customer value — the potential profitability of each... View Details

Keywords: Publishing Industries (except Internet); Information

14 May 2019
Research & Ideas

Ethics Bots and Other Ways to Move Your Code of Business Conduct Beyond Puffery

When health insurer Cigna Corp. appeared in front of a judge for allegedly misleading shareholders on Medicare regulations this spring, plaintiffs thought they had a strong case. After all, Cigna had published its own document titled... View Details

Keywords: by Michael Blanding

05 May 2003
Research & Ideas

Sharing the Responsibility of Corporate Governance

interests of the corporation. Contrary to popular belief, this does not mean maximizing shareholder value without regard for the effect on employees, customers, suppliers, the environment, or the communities... View Details

Keywords: by Carla Tishler

Publications