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  • All HBS Web  (1,782)
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  • All HBS Web  (1,782)
    • People  (2)
    • News  (421)
    • Research  (969)
    • Events  (9)
    • Multimedia  (7)
  • Faculty Publications  (393)
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  • Teaching Interest

The Role of Government in Market Economies (RoGME)

By: Matthew C. Weinzierl

RoGME is about one question: What is the proper role of government in market economies? We study the role of government as it plays out in the real world, using case studies to examine policies of current interest and importance.... View Details

  • Research Summary

The Role of Capital Markets in the Digital Economy

This topic of research is motivated by the rapid rise of digital adoption in firms across the economy and capital market participants’ growing interest in this phenomenon. My work studies how investors are responding to digitization, provides insights on the... View Details
  • 2024
  • Chapter

Corporations as the Central Institutions of Society

By: Joseph L. Badaracco
Mark Twain observed that, “Prediction is very difficult—particularly when it involves the future,” and he was right. One way to reduce the risk of becoming an infamous forecaster—like the experts who told us the Internet would quickly collapse, that Apple would never... View Details
Keywords: Trends; Business and Government Relations; Organizations; Power and Influence; Society
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Badaracco, Joseph L. "Corporations as the Central Institutions of Society." Chap. 4 in Justifying Next Stage Capitalism: Exploring a Hopeful Future, edited by Michel Dion and Moses Pava, 87–106. Springer, 2024.
  • February 2014
  • Article

National Institutions and Subnational Development in Africa

By: Stelios Michalopoulos and Elias Papaioannou
We investigate the role of national institutions on subnational African development in a novel framework that accounts both for local geography and cultural-genetic traits. We exploit the fact that the political boundaries in the eve of African independence partitioned... View Details
Keywords: Ethnicity; Development Economics; Local Range; Government and Politics; Africa
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Michalopoulos, Stelios, and Elias Papaioannou. "National Institutions and Subnational Development in Africa." Quarterly Journal of Economics 129, no. 1 (February 2014): 151–213.

    National Institutions and Subnational Development in Africa

    We investigate the role of national institutions on subnational African development in a novel framework that accounts both for local geography and cultural-genetic traits. We exploit the fact that the political boundaries in the eve of African independence... View Details

    • March 2025 (Revised March 2025)
    • Background Note

    Getting to Net Zero: The Role of the Financial Sector

    By: Shawn Cole, Jonah Zahnd, Karina Chung and Jack Cenovic
    In early 2025, momentum towards the goal of reaching net zero carbon emissions by 2050 continued in many parts of the world, even as it appeared to face a set-back following the election of Donald Trump as president of the United States. Financial institutions... View Details
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    Cole, Shawn, Jonah Zahnd, Karina Chung, and Jack Cenovic. "Getting to Net Zero: The Role of the Financial Sector." Harvard Business School Background Note 225-066, March 2025. (Revised March 2025.)
    • 2011
    • Book

    Capitalism at Risk: Rethinking the Role of Business

    By: Joseph L. Bower, Herman B. Leonard and Lynn S. Paine
    The spread of capitalism worldwide has made people wealthier than ever before. But capitalism's future is far from assured. The global financial meltdown of 2008 nearly triggered another Great Depression, economies in Europe are still teetering, and powerful... View Details
    Keywords: Business And Society; Economic Systems; Economic Growth; Leading Change; Business and Community Relations; Business and Stakeholder Relations; Business Strategy
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    Bower, Joseph L., Herman B. Leonard, and Lynn S. Paine. Capitalism at Risk: Rethinking the Role of Business. Boston: Harvard Business Review Press, 2011. (Published in Chinese as "Qi ye zai jing ji zhong de jue se," Beijing: China Machine Press, 2012. Published in Japanese as ハーバードが教える 10年後に生き残る会社、消える会社, Tokuma Shoten Publishing Co., Ltd., 2013.)
    • February 2025 (Revised April 2025)
    • Case

    Institutional Neutrality, Restraint or Convenience?

    By: Clayton S. Rose, Nicole Zelazko and Alexis Lefort
    In the fall of 2023 and winter of 2024, college campuses across the U.S. experienced protests and encampments in the aftermath of the October 7, 2023 terrorist attack on Israel by the Islamist militant group Hamas, and Israel’s subsequent invasion of Gaza. These... View Details
    Keywords: Distribution; Cost vs Benefits; Ethics; Governance; Leadership; Crisis Management; Risk Management; Corporate Social Responsibility and Impact; Mission and Purpose; Organizational Change and Adaptation; Organizational Culture; Civil Society or Community; Social Issues; Adaptation; Disruption; Communication Strategy; Higher Education; United States
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    Rose, Clayton S., Nicole Zelazko, and Alexis Lefort. "Institutional Neutrality, Restraint or Convenience?" Harvard Business School Case 325-022, February 2025. (Revised April 2025.)
    • February 2021
    • Article

    Rethinking the Role of the EU in European Competitiveness

    By: Christian H.M. Ketels and Michael E. Porter
    The aim of this conceptual paper is to delineate the scope and give directives towards higher levels of competitiveness and prosperity for EU members. The EU integration history and challenges are retraced and the EU’s current competitiveness context is presented. In a... View Details
    Keywords: Competitiveness; Public Policy; Competitive Advantage; Government Administration; European Union
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    Ketels, Christian H.M., and Michael E. Porter. "Rethinking the Role of the EU in European Competitiveness." Competitiveness Review 31, no. 2 (February 2021): 189–207.
    • December 2008
    • Article

    Style Investing and Institutional Investors

    By: Kenneth A. Froot and Melvyn Teo
    This paper explores institutional investors' trades in stocks grouped by style and the relationship of these trades with equity market returns. It aggregates transactions drawn from a large universe of approximately $6 trillion of institutional funds. To analyze style... View Details
    Keywords: Forecasting and Prediction; Behavioral Finance; Stocks; Investment Return; Market Transactions; Performance Expectations; Personal Characteristics; Financial Services Industry
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    Froot, Kenneth A., and Melvyn Teo. "Style Investing and Institutional Investors." Journal of Financial and Quantitative Analysis 43, no. 4 (December 2008): 883–906. (Revised from: Equity Style Returns and Institutional Investor Flows, Harvard Business School Working Paper No. 04-048, June 2004.)
    • Web

    Institute Associates - Institute For Strategy And Competitiveness

    at the Fletcher School of International Law and Diplomacy at Tufts University and also served as an Institute Research Fellow at the Institute for Strategy and Competitiveness.... View Details

      Capitalism at Risk

      The spread of capitalism worldwide has made people wealthier than ever before and raised living standards to new heights. But capitalism’s future is far from assured. The global financial meltdown of 2008 came within a hair’s breadth of triggering another Great... View Details

      • 19 Jun 2013
      • Research & Ideas

      Analyzing Institutions to Solve Big Problems

      the clashing logics of banks, governments, and the general goal of poverty alleviation. The paper sets out to increase rigor of institutional... View Details
      Keywords: by Carmen Nobel & Anna Secino
      • 08 Jan 2013
      • Working Paper Summaries

      Leading Amidst Competing Technical and Institutional Demands: Revisiting Selznick’s Conception of Leadership

      Keywords: by Marya L. Besharov & Rakesh Khurana
      • 16 Oct 2009
      • Other Presentation

      Turkey’s Competitiveness: National Economic Strategy and the Role of Business

      By: Michael E. Porter
      This presentation draws on ideas from Professor Porter’s articles and books, including, The Competitive Advantage of Nations (The Free Press, 1990), "The Microeconomic Foundations of Economic Development," in The Global Competitiveness Report, (World Economic Forum),... View Details
      Keywords: Economics; Turkey
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      Porter, Michael E. "Turkey’s Competitiveness: National Economic Strategy and the Role of Business." Institute for Strategy and Competitiveness, October 16, 2009.
      • 24 Jan 2010
      • Other Presentation

      UAE Competitiveness for the Third Millennium: The Role of Government

      By: Michael E. Porter
      This presentation draws on ideas from Professor Porter's articles and books, including, The Competitive Advantage of Nations (The Free Press, 1990), "The Microeconomic Foundations of Economic Development," in The Global Competitiveness Report, (World Economic Forum),... View Details
      Keywords: Economics; United Arab Emirates
      Citation
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      Porter, Michael E. "UAE Competitiveness for the Third Millennium: The Role of Government." Institute for Strategy and Competitiveness, January 24, 2010.
      • Web

      Geography of Care - Institute For Strategy And Competitiveness

      Measure Outcomes & Cost for Every Patient Aligning Reimbursement with Value Systems Integration Geography of Care Information Technology Geography of Care Geography of Care... View Details
      • Web

      Levels of Government - Institute For Strategy And Competitiveness

      Strategy Levels of Government Role of Different Levels of Government Economic performance is not ruled by borders. The competitiveness View Details
      • October 2012 (Revised July 2014)
      • Background Note

      The Role of the Government in the Early Development of American Venture Capital

      By: Josh Lerner and Tom Nicholas
      Whether the government or markets, or a mixture of both, can provide efficient and effective incentives for encouraging entrepreneurial activity and new venture financing is an age-old question. Public promotion efforts are controversial and in most cases they tend to... View Details
      Keywords: Venture Capital; Business and Government Relations; United States
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      Lerner, Josh, and Tom Nicholas. "The Role of the Government in the Early Development of American Venture Capital." Harvard Business School Background Note 813-096, October 2012. (Revised July 2014.)
      • Article

      Pre-colonial Ethnic Institutions and Contemporary African Development

      By: Stelios Michalopoulos and Elias Papaioannou
      We investigate the role of deeply rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary... View Details
      Keywords: Ethnicity; Development Economics; Local Range; Government and Politics; Africa
      Citation
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      Michalopoulos, Stelios, and Elias Papaioannou. "Pre-colonial Ethnic Institutions and Contemporary African Development." Econometrica 81, no. 1 (January 2013): 113–152.
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