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Publications

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Show Results For

  • All HBS Web  (241)
    • News  (27)
    • Research  (186)
    • Multimedia  (1)
  • Faculty Publications  (133)

Show Results For

  • All HBS Web  (241)
    • News  (27)
    • Research  (186)
    • Multimedia  (1)
  • Faculty Publications  (133)
← Page 3 of 241 Results →
  • 08 Aug 2017
  • First Look

First Look at Research and Ideas, August 8, 2017

Matthew D. Shaffer, and Charles C.Y. Wang Abstract—We study how a stock index can affect corporate behavior by serving as a source of prestige.... View Details
Keywords: Sean Silverthorne
  • Research Summary

Equity Valuation

By: Charles C.Y. Wang

Professor Wang’s research utilizes valuation theory to explain how firm fundamentals are related to the expected rates of equity returns and their term structures. His research provides strong evidence that valuation-based proxies of expected returns outperform the... View Details

  • 22 Mar 2016
  • First Look

March 22, 2016

Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=50237 Economic Uncertainty and Earnings Management By: Stein, Luke C.D., and Charles C.Y. Wang... View Details
Keywords: Sean Silverthorne
  • 07 Jul 2020
  • Research & Ideas

Market Investors Pay More for Resilient Companies

The steep market drop in the early days of the COVID-19 crisis is being used as a laboratory to study the importance of companies investing in stakeholder relations with their employees, suppliers, and customers, and how those investments could be strategic resources... View Details
Keywords: by Kristen Senz; Financial Services
  • 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

  • 06 Jun 2017
  • First Look

First Look at New Research and Ideas: June 6, 2017

https://www.hbs.edu/faculty/Pages/item.aspx?num=52718 Relative Performance Benchmarks: Do Boards Follow the Informativeness Principle? By: Ma, Paul, Jee Eun Shin, and Charles C.Y. View Details
Keywords: Sean Silverthorne
  • 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
  • 21 Oct 2014
  • First Look

First Look: October 21

increase in churning entry that does not translate into a sustained increase in the overall level of entrepreneurship. Download working paper: http://ssrn.com/abstract=2506111 Evaluating Firm-Level Expected-Return Proxies By: Lee, Charles... View Details
Keywords: Sean Silverthorne
  • Web

Accounting & Management - Doctoral

Ananth Raman Clayton S. Rose Ethan C. Rouen Tatiana Sandino David S. Scharfstein George Serafeim Robert Simons Eugene F. Soltes Suraj Srinivasan Adi Sunderam Charles C.Y. Wang... View Details
  • 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
  • 01 Feb 2017
  • News

The Morning Risk Report: Corporate Cash Distribution Isn’t Short-Termism Culprit

  • 08 Oct 2013
  • First Look

First Look: October 8

to the average advertiser. Download working paper: https://www.hbs.edu/faculty/Pages/download.aspx?name=11-124.pdf Expected Returns Dynamics Implied by Firm Fundamentals By: Lyle, Matthew R., and Charles... View Details
Keywords: Sean Silverthorne
  • 31 Jan 2017
  • First Look

First Look at New Research: January 31, 2017

https://www.hbs.edu/faculty/Pages/item.aspx?num=52149 Relative Performance Benchmarks: Do Boards Get It Right? By: Ma, Paul, Jee Eun Shin, and Charles C.Y. Wang... View Details
Keywords: Carmen Nobel
  • Web

Placement - Doctoral

Angeles, Marshall School of Business, Accounting Department Dissertation: Essays on Financial Accounting, Entrepreneurship, and Innovation Advisors: Suraj Srinivasan (Co-Chair), Charles C.Y. View Details
  • Web

Accounting & Management Faculty - Faculty & Research

Business Administration, Emeritus Suraj Srinivasan Philip J. Stomberg Professor of Business Administration Chair, MBA Elective Curriculum Charles C.Y. Wang Tandon Family... View Details
  • Web

Accounting & Management Awards & Honors - Faculty & Research

Bower Fellowship in 2009 by Harvard Business School in honor of Marvin Bower (MBA '30) to support research by outstanding scholars. Charles C.Y.... View Details
  • 2015
  • Working Paper

Measurement Errors of Expected-Return Proxies and the Implied Cost of Capital

By: Charles C.Y. Wang
Despite their popularity as proxies of expected returns, the implied cost of capital's (ICC) measurement error properties are relatively unknown. Through an in-depth analysis of a popular implementation of ICCs by Gebhardt, Lee, and Swaminathan (2001) (GLS), I show... View Details
Keywords: Measurement and Metrics; Cost of Capital; Investment Return
Citation
SSRN
Read Now
Related
Wang, Charles C.Y. "Measurement Errors of Expected-Return Proxies and the Implied Cost of Capital." Harvard Business School Working Paper, No. 13-098, May 2013. (Revised February 2015.)
  • Web

Research Community - Doctoral

creation of the School's intellectual capital. Current Students & Alumni Ta-Wei "David" Huang Marketing Omar Olivarez Technology & Operations Management Justine Murray Organizational Behavior Faculty Professor Maria Roche Strategy Professor View Details
  • May 2021 (Revised September 2021)
  • Case

Accounting for Bitcoin at Tesla

By: Charles C.Y. Wang and Siyu Zhang
On February 8, 2021, Tesla revealed, through its 10-K filing to the Securities and Exchange Commission (SEC), that it had purchased $1.5 billion of Bitcoin, totaling 7.5% of the company’s cash, and that it planned to accept payments in the cryptocurrency soon. These... View Details
Keywords: Bitcoin; Accounting; Currency; Communication Intention and Meaning; Strategy; Investment Portfolio; Emerging Markets; Risk and Uncertainty; Value Creation
Citation
Educators
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Related
Wang, Charles C.Y., and Siyu Zhang. "Accounting for Bitcoin at Tesla." Harvard Business School Case 121-074, May 2021. (Revised September 2021.)
  • Web

Accounting & Management - Faculty & Research

A Decade of Corporate Governance Reform in Japan (2013-2023) By: Charles C.Y. Wang and Akiko Kanno May 2025 | Case | Faculty Research Keywords: Corporate Governance ; Japan... View Details
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