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  • 2011
  • Working Paper

Fiduciary Duties and Equity-Debtholder Conflicts

By: Bo Becker and Per Stromberg
We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state.... View Details
Keywords: Borrowing and Debt; Capital Structure; Equity; Insolvency and Bankruptcy; Governing Rules, Regulations, and Reforms; Laws and Statutes; Conflict and Resolution; Welfare or Wellbeing; Delaware
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  • 12 Jan 2017
  • News

Short-Termism and Shareholder Payouts: Getting Corporate Capital Flows Right

  • November 2010
  • Technical Note

Technical Note: An Abridged History of the American Corporation

By: Rakesh Khurana, Andrew David Klaber and Eric Baldwin
This note examines the development of the corporate form in the United States from the eighteenth century to the present, focusing primarily on legal issues. It identifies several major trends in the history of the American corporation: the transition of corporations... View Details
Keywords: Accounting; Corporate Accountability; Governing Rules, Regulations, and Reforms; History; Code Law; Managerial Roles; Corporate Social Responsibility and Impact; Private Ownership; United States
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  • June 2021
  • Article

Deals in the Time of Pandemic

By: Guhan Subramanian and Caley Petrucci
The COVID-19 pandemic has brought new attention to the period between signing and closing in M&A transactions. Transactional planners heavily negotiate the provisions that govern the behavior of the parties during this window, not only to allocate risk between the... View Details
Keywords: Takeovers; COVID-19; Material Adverse Effect; Mergers and Acquisitions; Health Pandemics
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  • 01 Nov 2011
  • First Look

First Look: Nov. 1

capital. Download the paper: http://www.hbs.edu/research/pdf/12-028.pdf   Cases & Course Materials"In a Pickle: Barclays Capital and the Sale of Del Monte Foods (A) John Coates, Clayton Rose, and David LaneHarvard Business School Case 312-003 In February 2011,... View Details
Keywords: Sean Silverthorne
  • Research Summary

Corporate Governance

By: Charles C.Y. Wang

The characteristics and structure of boards of directors have important implications for firm performance. Professor Wang has found that firms with well-connected boards whose members have strong network connections provide economic benefits that are not immediately... View Details

  • Web

Partners - Case Method Project

Alabama Arizona Arkansas California Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Lousiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri... View Details
  • Forthcoming
  • Article

Redemption Mechanisms in Poison Pills: Evidence on Pill Design and Law Firm Effects

By: Olivier Baum and Guhan Subramanian
We present the first evidence on the incidence of “trip wire” versus “last look” poison pills. Using a hand-collected data set of 130 poison pills implemented and/or amended between January 1, 2020 and March 31, 2023, we find that pills are almost evenly divided... View Details
Keywords: Acquisition; Negotiation Tactics; Contracts
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  • Web

NVC Regions - Alumni

Nina Wanerman , Staff lead Greg Meredith , MBA 1986 Jennifer Hurford , MBA 2017 Olga Bartnicki , MBA 1999 Mary Hainsworth , MBA 1986 Northeastern US/New York States Delaware Maryland New Jersey New York Pennsylvania Virginia Washington,... View Details
  • Web

Systems Integration - Institute For Strategy And Competitiveness

the system. Map showing locations of centers in New Yor Pennsylvania, New Jersey, and Delaware The Rothman Institute in Philadelphia, a regional orthopedic practice, represents a different type of a value oriented regional expansion. They... View Details
  • 21 Aug 2020
  • Blog Post

Pursuing a JD/MBA Joint Degree

(EC) friends to discuss the latest ideas in the startup scene. Afterward, I head over to HLS where I am debating a recently issued statute interpretation from a Delaware bankruptcy judge with my 2L classmates. Finally, I end my day with... View Details
  • Web

Research - Private Capital Project

financial and non-financial sectors in 115 economies over the period 1940–2014, we document the following evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow... September 2023 Case Blackstone Credit and View Details
  • Web

Competitiveness of States & Regions - Institute For Strategy And Competitiveness

States The Institute has developed research-based economic agendas for all 50 United States. Alabama Alaska Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana... View Details
  • 26 Jun 2017
  • Research & Ideas

How Cellophane Changed the Way We Shop for Food

Advertisement for DuPont Cellophane from The Saturday Evening Post, 1950. E.I. du Pont de Nemours & Company Advertising Department records (Accession 1803), Manuscripts and Archives Department, Hagley Museum and Library, Wilmington, View Details
Keywords: by Carmen Nobel; Food & Beverage; Retail; Advertising
  • Research Summary

Overview

My focus is empirical financial accounting research, with particular interests in governance, valuation, M&A, and short-sellers. All three of my papers to date fall under the broad heading of “alternative governance mechanisms”—studies of how accounting information is... View Details
Keywords: Mergers and Acquisitions; Corporate Governance; Valuation; Law
  • Research Summary

Overview

My focus is empirical financial accounting research, with particular interests in governance, valuation, M&A, and short-sellers. All three of my papers to date fall under the broad heading of “alternative governance mechanisms”—studies of how accounting information is... View Details
Keywords: Mergers and Acquisitions; Corporate Governance; Valuation; Law

    Lammot du Pont

    Under duPont’s leadership, researchers at duPont invented nylon, which revolutionized the textile industry. Researchers also discovered neoprene (the first general purpose synthetic rubber), Orlon and Dacron under duPont’s direction. duPont kept the duPont Corporation... View Details
    Keywords: Chemicals & Industrial

      Edward G. Budd

      During the 1910s and 1920s, Budd constructed a successful business supplying car bodies, including an all-steel sedan body, to auto manufacturers such as General Motors, Studebaker, Ford and Chrysler. In the 1930s, Budd pioneered the fabrication of stainless steel.... View Details
      Keywords: Automotive & Aerospace

        Pierre S. du Pont

        duPont headed the duPont Corporation during the period of the first World War. During duPont’s presidency, the corporation was greatly expanded in order to meet munitions orders from the United States and Allied countries. duPont increased the company’s munitions... View Details
        Keywords: Chemicals & Industrial

          Eldridge R. Johnson

          Johnson became a leader in the phonograph industry by introducing a number of technical innovations. He established a strong reputation for quality music and implemented an extremely effective advertising program, which ensured his dominance in the industry. View Details
          Keywords: Fabricated Goods