shareholder value - Publications - Faculty & Research

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

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

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

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

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 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 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

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

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

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

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

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

01 Sep 2009
News

Executive Pay: Onward & Upward

departing executives soon become common practice. 1990 To better align executive pay with shareholder returns, academics — led by HBS professor Michael Jensen — and activists urge greater use of stock options. During the bull market years... View Details

Keywords: Corporate Services; Management, Scientific, and Technical Consulting Services; Professional Services

30 Aug 2004
Research & Ideas

Mapping Your Board’s Effectiveness

perspective portion of the map describes the tangible outcomes of the strategy in traditional financial terms, such as ROI, shareholder value, profitability, revenue growth, and cost per unit. These financial outcomes can be achieved only... View Details

Keywords: by Robert S. Kaplan

30 Oct 2015
Blog Post

4 Takeaways from HBS

struggles against conformity, even in an environment as diverse as HBS. Events like these showed me how much I should treasure my own diversity and unique background because these were the passions that would fuel me to make a difference. 3. View Details

18 Jul 2005
Research & Ideas

Time to Rethink the Corporate Tax System?

inversions are often not greeted with a positive price reaction. In short, the view that tax avoidance is simply a net transfer of value from the state to shareholders is complicated by the agency problem... View Details

Keywords: by Ann Cullen

17 Jul 2000
What Do You Think?

Where Is the Microsoft Board?

In his words, "As long as shareholder value maximization is the sole focus of Boards in a capitalistic context, objectivity in judgment is at risk: putting shareholders... View Details

Keywords: by James Heskett

11 Jul 2012
Research & Ideas

The Future of Boards

maximizing shareholder value as the primary focus and motivation for a corporation's existence” Topics tackled include how boards can most effectively oversee company strategy, CEO succession, and executive... View Details

Keywords: by Julia Hanna

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

17 Nov 2015
Lessons from the Classroom

How Activist Investors Became Respectable

online well before any regulatory filing disclosed his holdings in the company. These tactics may have been designed for drama, but the investment strategy and its scale are nothing unusual today. Activist shareholders and the hedge funds... View Details

Keywords: by Joseph Fuller; Financial Services; Banking

Publications