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  • All HBS Web  (1,386)
    • News  (305)
    • Research  (911)
    • Events  (12)
    • Multimedia  (8)
  • Faculty Publications  (467)

Show Results For

  • All HBS Web  (1,386)
    • News  (305)
    • Research  (911)
    • Events  (12)
    • Multimedia  (8)
  • Faculty Publications  (467)
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  • 05 Mar 2012
  • Research & Ideas

Is JC Penney’s Makeover the Future of Retailing?

sales have lagged in an increasingly fierce retail environment, with stores such as Walmart vying for customer dollars on the lower end, Kohl's and Target jockeying for the middle market, and Macy's and Nordstrom reaching for the upper-middle end. JCP reported a... View Details
Keywords: by Kim Girard; Retail
  • 09 Dec 2002
  • Research & Ideas

Most Accountants Aren’t Crooks—Why Good Audits Go Bad

accounting firms that deliver unfavorable audits. Even if an accounting firm is large enough to absorb the loss of one client, individual auditors' jobs and careers may depend on success with specific clients. Moreover, in recent decades,... View Details
Keywords: by Max H. Bazerman, George Loewenstein & Don A. Moore; Accounting; Financial Services
  • 25 Sep 2019
  • Research & Ideas

The Economic Cost of Physician Burnout

the dollar losses were related to physician turnover and reduced clinical hours. The research adds to previous work showing how physician stress generates negative clinical and organizational outcomes. No studies have previously been... View Details
Keywords: by Michael Blanding; Health
  • 02 Dec 2010
  • What Do You Think?

Making Right Choices: Art or Science?

presenting them, even when the merit of one alternative is clearly superior to others. A natural aversion to loss leads us to make irrational choices that minimize it. Choices may be expressly made to enable us to conform to the behaviors... View Details
Keywords: by Jim Heskett
  • 05 Nov 2021
  • Op-Ed

Is the Business World Finally Ready for the Wisdom of Shibusawa?

financial loss and other burdens they understood and aligned with the mission,” Niinami says. At a time of crisis, Shibusawa’s spirit came into full force and multiple stakeholders aligned to achieve the same goal for the public good.... View Details
Keywords: by Geoffrey Jones and Rei Morimoto; Financial Services; Retail
  • 15 Mar 2022
  • Research & Ideas

This Workplace Certification Made Already Safe Companies Even Safer

States cost companies an estimated $171 billion in wage and productivity losses in 2019, according to the National Safety Council. By 2018, more than 90,000 organizations across 127 countries had adopted OHSAS 18001. The similar ISO 45001... View Details
Keywords: by Rachel Layne
  • 28 Apr 2003
  • Research & Ideas

Supply Chain Risk: Deal With It

insurance is no longer as feasible as it once was. Insurance carriers, which made huge payouts to cover losses related to the 9/11 attacks, have reexamined the risks implicit in today's leaner supply chains. As a result, "what was... View Details
Keywords: by David Stauffer
  • 26 Nov 2001
  • Op-Ed

Why Corporate Budgeting Needs To Be Fixed

revenues—she increases her chances of getting a large bonus the following year. This is a variation on the "big bath" theory of corporate financial reporting: If you're going to take a loss, take as big a loss as possible.... View Details
Keywords: by Michael C. Jensen
  • 10 Nov 2003
  • Research & Ideas

Globalization: The Strategy of Differences

77 percent of its profits from outside North America. But Goizueta's strategy soon ran into trouble, due in large part to the Asian currency crisis. By the end of 1999, when Douglas Daft took the reins, earnings had slumped, and Coke's stock had lost nearly one-third... View Details
Keywords: by Pankaj Ghemawat
  • 23 Nov 2020
  • Research & Ideas

COVID Was Supposed to Increase Bankruptcies. Instead, They've Gone Down.

the highest rates of job loss since the Great Depression,” says co-author Raymond Kluender, an assistant professor in the Entrepreneurial Management Unit at Harvard Business School. “At the same time, we saw a decline in consumer... View Details
Keywords: by Rachel Layne
  • 18 Jun 2018
  • Research & Ideas

Warning: Scary Warning Labels Work!

choose healthier options. “Cafeteria sales were neutral. We didn’t see a decrease in drink sales,” John says. Soda makers and suppliers, however, may suffer losses if graphic warnings become standard. (That’s the goal, after all.) But... View Details
Keywords: by Dina Gerdeman; Advertising; Public Relations
  • 20 Oct 2003
  • Research & Ideas

Gaps in the Historical Record: Development of the Electronics Industry

Electronic Century, 87-8). In the 1970s the System 360 all but ruled the world. The attempts of the two major U.S. companies, RCA and GE, to build a comparable family of mainframes failed, with large losses in funds and research time. The... View Details
Keywords: by Alfred D. Chandler Jr.; Consumer Products
  • 26 May 2003
  • Research & Ideas

When Silence Spells Trouble at Work

groups, where we fear a loss of status or even expulsion if we differ from the rest. Most of us can remember from our adolescence how compelling the desire was to conform. Even as adults, many people in organizations are willing to go to... View Details
Keywords: by Leslie A. Perlow
  • 18 Jul 2019
  • Lessons from the Classroom

The Internet of Things Needs a Business Model. Here It Is

advantage of changes in wind direction. Knowing the economic loss from downtime for each turbine on a wind farm allowed GE to determine a better maintenance schedule for turbines, figuring out which should be fixed first, and utilizing... View Details
Keywords: by Michael Blanding; Computer
  • 10 Sep 2020
  • Research & Ideas

The COVID Two-Step for Leaders: Protect and Pivot

one way or another, grieving. According to David Kessler, an author and grief expert quoted in a recent HBR article, “The loss of normalcy; the fear of economic toll; the loss of connection. This is hitting... View Details
Keywords: by Boris Groysberg and Katherine Connolly Baden
  • 27 Nov 2000
  • Research & Ideas

The Dynamics of Standing Still: Firestone Tire & Rubber and the Radial Revolution

cumulative loss of $12.7 million.21 While the radial investment served the interests of long-standing customers, it could hardly be expected to earn an acceptable return. The investment in radials also supported Firestone's relationships... View Details
Keywords: by Donald N. Sull; Manufacturing; Transportation
  • 23 Jun 2008
  • Research & Ideas

Innovative Ways to Encourage Personal Savings

existence since 1694 and are currently in use in a host of countries around the world. They blend elements of lotteries and savings programs. In particular, these products offer savers protection against principal loss and liquidity, but... View Details
Keywords: by Martha Lagace; Financial Services
  • 15 Jun 2007
  • Research & Ideas

Remembering Alfred Chandler

Union. As Lincoln said of Grant, "He understood the arithmetic, knowing that he'd have to absorb heavy losses if he were to win—but winning as no Union general had done before him." “He was the greatest scholar I've ever known,... View Details
Keywords: by Sean Silverthorne
  • 1984
  • Comment

Capital Structure Change and Decreases in Stockholders' Wealth

By: Michael Jensen
Keywords: Capital Structure; Wealth; Loss
Citation
Related
Jensen, Michael. Comment on "Capital Structure Change and Decreases in Stockholders' Wealth." National Bureau of Economic Research Proceedings of Conference on Corporate Capital Structures in the United States. University of Chicago Press, 1984.
  • 18 Jul 2018
  • Research & Ideas

No More General Tso's? A Threat to 'Knowledge Recombination'

and doesn’t let skilled migrants come in, there will be the loss of the first-order effect, which is the knowledge being transferred from their geography to here,” Choudhury says. “But the bigger loss would... View Details
Keywords: by Michael Blanding; Health; Food & Beverage; Accounting
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