Optimal Capital Taxation - Publications - Faculty & Research

10 Mar 2009
First Look

First Look: March 10, 2009

variability than was the case historically. Under the new policy, dividends would be tied to the company's underwriting results, its performance relative to predetermined goals, and a target payout ratio. Progressive's new policy was intended to help with overall View Details

Keywords: Martha Lagace

Web

Field Course: Life Sciences Venture Creation - Course Catalog

success; optimizing capital efficiency; legal and intellectual property development; regulatory considerations. Industry Challenges and When to Get Help - when should you worry about regulatory concerns? Who... View Details

Web

Supplemental Financial Information - Annual Report 2017

cash. The School also makes strategic use of debt financed through the University as a means of optimizing its capital structure. Relying on the University as its banker provides HBS, as well as the other... View Details

Web

Strategic Financial Analysis Online Course | HBS Online

how accounting captures an organization's strategic decisions. Highlights Alan Gould, Managing Director, Loop Capital The Role of Information in Capital Markets Show Hide Details Concepts Introduction to... View Details

16 Mar 2023
Blog Post

HySynergy and Crossbridge Energy

source of capital. Crossbridge Energy purchased the Shell refinery with a two-part investment thesis that would optimize the current “dirty” refinery to maximize profits in order to use those funds to finance their “green” transition.... View Details

01 Jun 2022
News

Making It Count

is very significant damage,” observes Cohen, who is the author of IMPACT: Reshaping Capitalism to Drive Real Change. “It’s also a sign of a broken system,” he says. “Capitalism has created huge benefits to populations across the globe... View Details

Keywords: Jen McFarland Flint

28 May 2013
First Look

First Look: May 28

light of these trends, we revisit the question of the optimal exchange-rate regime when developing countries can borrow internationally with local-currency-denominated debt. We find, as local-currency-bond markets develop, a... View Details

Keywords: Sean Silverthorne

28 Mar 2018
Research & Ideas

Sophisticated Investors May Be Harming Fintech Lending Platforms

traditional banking system had no information about applicants nor any idea how their capital would be deployed. In addition, decisions were made by bankers using largely subjective criteria, or, as Vallée puts it, “He had a soft shake so... View Details

Keywords: by Dina Gerdeman; Banking; Financial Services

17 Jul 2017
Op-Ed

Op-Ed: As America Recedes from Global Leadership, Its CEOs are Stepping Up

G19 + 1. For business leaders, the early optimism following Trump’s election that corporate taxes would be reduced, America’s infrastructure would be improved, and an improved healthcare system would be created has faded away. Many... View Details

Keywords: by Bill George

08 Jul 2008
First Look

First Look: July 8, 2008

http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=607014 Asset Allocation I Harvard Business School Note 208-086 The goal of these simulations is to understand the mathematics of mean-variance optimization and the equilibrium... View Details

Keywords: Martha Lagace

30 Jun 2015
First Look

First Look: June 30, 2015

a host of issues related to how contracts between financial intermediaries and their customers are structured and how risks are shared between them, as well as the consequences of (unexpected) deviations from the ex-ante optimal... View Details

Keywords: Carmen Nobel

05 Jan 2010
First Look

First Look: January 5

concerns. Download the paper: http://www.hbs.edu/research/pdf/10-047.pdf PublicationsOptimal Auction Design and Equilibrium Selection in Sponsored Search Auctions Authors:Benjamin Edelman and Michael Schwarz Publication:American Economic Review (forthcoming) Abstract... View Details

Keywords: Martha Lagace

19 Aug 2008
First Look

First Look: August 19, 2008

errors and past demand realizations to predict future demand (extrapolating). So-called optimal inventory policies are categorized here by perceptions of demand that align with reality. Naturally then, deviations from View Details

Keywords: Sean Silverthorne

01 Jun 2014
News

Ready for Takeoff

buying online. But even in the face of this—and what he sees as oppressive taxation and constraining bureaucracy—Beisert says the opportunity here is vast. In the United States, online purchases make up over 20 percent of the fashion... View Details

Keywords: Dan Morrell; Air Transportation; Transportation

02 Aug 2016
First Look

August 2, 2016

the optimal capital requirement is around 20%. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=51305 The Empirical Economics of Online Attention By: Boik, Andre, Shane Greenstein, and... View Details

Keywords: Sean Silverthorne

01 Dec 1997
News

Merton's Economics Research Wins Nobel Prize

their own assessments of his contributions to the field. Andre F. Perold, Sylvan C. Coleman Professor of Financial Management and chair of the School's Finance unit, noted, "Bob has pioneered the use of sophisticated stochastic calculus for pricing financial... View Details

20 Dec 2016
First Look

December 20, 2016

default. Over the two years preceding default, we find that ratings grow increasingly pessimistic relative to a standard benchmark rating model prediction, while optimism remains for similar firms that do not default. Further, we find... View Details

Keywords: Carmen Nobel

22 May 2018
First Look

New Research and Ideas, May 22, 2018

Murphy, and Jorg L. Spenkuch Abstract—We develop a model of intergenerational resource transmission that emphasizes the link between cross-sectional inequality and intergenerational mobility. By drawing on first principles of human View Details

Keywords: Dina Gerdeman

02 Sep 2008
First Look

First Look: September 3, 2008

compared to 56.9% for all other analyst recommendations. We find that appointed analysts' optimism is stronger at precisely those times when firms' benefits are larger and that appointed analysts appear to be more closely tied to... View Details

Keywords: Sean Silverthorne

June 2011
Article

Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

By: Dhammika Dharmapala, C. Fritz Foley and Kristin J. Forbes

This paper analyzes the impact of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings and thereby reduced the cost to U.S. multinationals of accessing a source of internal capital. Lawmakers and lobbyists... View Details