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(1,314)
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Show Results For
- All HBS Web
(1,314)
- News (449)
- Research (772)
- Events (2)
- Multimedia (1)
- Faculty Publications (254)
- Second Quarter 2008
- Article
How Does Investor Sentiment Affect the Cross-Section of Returns
By: Malcolm Baker, Johnathan Wang and Jeffrey Wurgler
Broad waves of investor sentiment should have larger impacts on securities that are more difficult to value and to arbitrage. Consistent with this intuition, we find that when an index of investor sentiment takes low values, small, young, high volatility,... View Details
Baker, Malcolm, Johnathan Wang, and Jeffrey Wurgler. "How Does Investor Sentiment Affect the Cross-Section of Returns." Journal of Investment Management 6, no. 2 (Second Quarter 2008): 57–72.
- 2024
- Working Paper
Finance Without Exotic Risk
By: Pedro Bordalo, Nicola Gennaioli, Rafael La Porta and Andrei Shleifer
We address the joint hypothesis problem in cross-sectional asset pricing by using measured analyst expectations of earnings growth. We construct a firm-level measure of Expectations Based Returns (EBRs) that uses analyst forecast errors and revisions and shuts down any... View Details
Bordalo, Pedro, Nicola Gennaioli, Rafael La Porta, and Andrei Shleifer. "Finance Without Exotic Risk." NBER Working Paper Series, No. 33004, September 2024.
- 27 Sep 2010
- Research & Ideas
Customer Experts Lose Influence When Teams are Pressured
engage in collective behaviors that diminish their ability to do so. Sarah Jane Gilbert:What led you to study the effects of performance pressure on work teams? Heidi Gardner: I experienced similar team dynamics when I worked in a... View Details
Keywords: by Sarah Jane Gilbert
- Career Coach
Jon Puz
Development & Sales), Deloitte Consulting (Consultant, Healthcare Strategy & Operations), Internships: Merrill Lynch Healthcare Investment Banking, Eli Lilly and Company View Details
- Web
Collections | Working Knowledge
strategies for competitive leadership. Strategy and Innovation Insights on innovation: sustaining creativity, digital transformation, and essential tech principles for leaders. Finance and Investing Finance insights on inflation, crypto... View Details
- 01 Apr 1999
- News
Africa Business Club Discusses Continent's Opportunities
"a growth-enhancing and stable macroeconomic framework that rewards productivity and creativity." Susan E. Rice, U.S. assistant secretary for African Affairs, was the distinguished luncheon speaker. Citing indicators of Africa's "improved economic performance and View Details
- 13 May 2014
- News
Inside Africa
complete information about Africa,” Clarke says, “the ignorance will dissipate. I think the desire to engage with Africans becomes real.” Clarke launched the site in 2010, giving up the certainty and rewards of her position as a managing director of Goldman Sachs’s... View Details
Keywords: Constantine von Hoffman
- 01 Sep 2012
- News
Ideas in Action
shoppers deliberating over a luxury goods purchase. “Marketers can convince consumers that buying their product is actually a farsighted behavior,” she observes. “In that sense, consumers are investing in future memories.” —JH Tsedal... View Details
- 01 Jun 2014
- News
Alumni and Faculty Books for June 2014
the long term. Faculty Books Aligning Strategy and Sales: The Choices, Systems, and Behaviors that Drive Effective Selling by Frank V. Cespedes (Harvard Business Review Press) Although US companies invest... View Details
- 01 Sep 2009
- News
Consumer Finance Makes HBS Debut
we have a rich set of finance electives, including courses on behavioral topics, investment management, financial markets, private equity, venture capital, financial engineering (which I also coteach), and a... View Details
- 2024
- Working Paper
Employer-Based Short-Term Savings Accounts
By: Sarah Holmes Berk, John Beshears, Jay Garg, James J. Choi and David Laibson
We study the introduction of a choice architecture design intended to increase short-term savings among employees at five U.K. firms. Employees were offered the opportunity to opt into a payroll deduction program that auto-deposits funds from each paycheck into a... View Details
Berk, Sarah Holmes, John Beshears, Jay Garg, James J. Choi, and David Laibson. "Employer-Based Short-Term Savings Accounts." NBER Working Paper Series, No. 32074, January 2024.
- 01 Apr 1999
- News
Club Events Reflect Diverse Student Interests
The breadth of interests and experiences among the School's MBA students can easily be seen when looking at the diversity of student organizations. In addition to the standard business topics of investment banking, marketing, and... View Details
- 01 Sep 2013
- News
The Joy of Spending
upfront and months in advance allows you to forget about the pain of paying and gives you ample opportunity to anticipate the trip. Invest in Others Some of Norton and Dunn's first experiments involved giving people money and asking them... View Details
- 21 Aug 2013
- Research & Ideas
To Buy Happiness, Spend Money on Other People
Now, Consume Later (delayed consumption leads to increased enjoyment); and Invest in Others (spending money on other people makes us happier than spending it on ourselves). Recently we featured a video illustrating the emotional benefits... View Details
Keywords: by Carmen Nobel
- 13 Sep 2012
- Research & Ideas
Why Public Companies Underinvest in the Future
Financial data on US companies is easy to come by—if they are listed on the stock market. More than 99 percent of them are not, presenting a challenge for researchers intent on studying how privately held firms operate. “It seemed natural for us to look at how the... View Details
Keywords: by Maggie Starvish
- 01 Oct 2001
- News
Fourth Annual African-American Alumni Association Conference
leadership roles in a quickly changing economic environment. Planned speakers include Tom Jones, chairman and CEO of Citigroup's Global Investment Management and Private Bank Group; Lloyd Trotter, president and CEO of GE Industrial... View Details
- 01 Dec 2011
- News
The Personal Touch
Timken Investing in HBS What Keeps HBS Ahead? You Do! Donor Spotlight Research With Impact: Changing Global Health Practices FAQ Monica Dodi and Jacob Navon (both MBA ’84) Wanting to maintain and leverage the momentum of the Class of... View Details
Keywords: reunion
- 2005
- Working Paper
Investor Sentiment and the Cross-Section of Stock Returns
By: Malcolm Baker and Jeffrey Wurgler
We examine how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. We test this prediction by studying... View Details
Baker, Malcolm, and Jeffrey Wurgler. "Investor Sentiment and the Cross-Section of Stock Returns." NBER Working Paper Series, No. w10449, April 2005. (First draft in 2003.)
- 01 Oct 2018
- News
Learning About Leadership
years––in addition to my two years at HBS––being a really critical student of company management teams. One of the great things about being an equity analyst is you get to meet with lots of CEOs and lots of CFOs of the companies that you're View Details
Keywords: Finance