by Malcolm S. Salter - Publications - Faculty & Research

2012
Working Paper

How Short-Termism Invites Corruption—And What to Do About It

Researchers and business leaders have long decried short-termism: the excessive focus of executives of publicly traded companies-along with fund managers and other investors-on short-term results. The central concern is that short-termism discourages long-term... View Details

Keywords: Business and Shareholder Relations; Public Ownership; Performance Expectations; Economy; Crime and Corruption; Ethics; Trust; Financial Services Industry; United States

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July 1993 (Revised September 1995)
Case

Block 16: Conoco's "Green" Oil Strategy (A)

By: Malcolm S. Salter and Susan E.A. Hall

Conoco's attempted to win an oil development contract in Ecuador's tropical rain forest. The case discusses government perspectives, environmental perspectives, and indigenous people's perspectives. Allows role playing in a "negotiating forum" set up by Conoco to get... View Details

Keywords: Governance; Contracts; Growth and Development Strategy; Negotiation; Practice; Business and Community Relations; Environmental Sustainability; Perspective; Culture; Corporate Strategy; Latin America

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21 Aug 2008
News

Skilling's Appeal and Enron's Legacy

2019
Working Paper

Rehabilitating Corporate Purpose

By: Malcolm S. Salter

In this paper, I address how the ascendance of the theory of shareholder value maximization into the central consciousness of public corporations and its canonization as the only legitimate expression of corporate purpose has contributed to both a widening breach... View Details

Keywords: Capitalism; Justice; Corporate Purpose; Shareholder Value Maximization; Ethical Reciprocity; Economic Systems; Business Ventures; Mission and Purpose; Ethics; Corporate Social Responsibility and Impact

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Finance Awards & Honors - Faculty & Research

People in Real Estate in the World by Private Equity Real Estate Magazine in 2007. 2006 Malcolm P. Baker : Nominated for the 2006 Smith Breeden Prize for the Best Finance Research Paper Published in the... View Details

04 Dec 2008
News

Since Enron, Little Has Changed

Web

Research - Behavioral Finance & Financial Stability

research here . Related Themes: Credit Markets More Info The Decline of Big-Bank Lending to Small Business: Dynamic Impacts on Local Credit and Labor Markets By: Brian S. Chen, Samuel G. Hanson & Jeremy C. Stein MAR 2017 This paper... View Details

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Advisory Board - Entrepreneurship

opportunities. He graduated from Kenyon College, has one daughter, and lives in Wellesley, MA. Marla Malcolm Beck (MBA 1998), Bluemercury Marla Malcolm Beck is the co-founder and CEO of Bluemercury Inc., a... View Details

October 2001 (Revised January 2002)
Case

OAO YUKOS Oil Company

By: Malcolm S. Salter and Joshua N. Rosenbaum

This case presents the history and current position of Russia's second-largest oil company, YUKOS, as it seeks listing on the NYSE as an ADR and attempts to rid itself from a punishing "governance discount" by the capital markets. This is a company with a history of... View Details

Keywords: Stocks; Capital Markets; Corporate Governance; Developing Countries and Economies; Energy Sources; Energy Industry; Russia

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01 Jun 2004
News

Stevenson Accepts Key University Position

one of my great joys has been engaging alumni and friends of HBS. Having the opportunity to involve alumni in all facets of the University will surely be one of the best parts of this new assignment.” HBS professor Malcolm View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

01 Sep 2004
News

Faculty Research

Associate Professor John Gourville considers the alternatives in this Q&A. Enron’s Lessons for Managers Just as the Challenger space shuttle disaster was a learning experience for engineers, so too is the Enron crash for managers, says HBS professor View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Publishing Industries (except Internet); Information

19 Jan 2016
First Look

January 19, 2016

emphasize users over producers. Large parts of the knowledge economy now routinely rely on users, communities, and open innovation approaches to solve important technological and organizational problems. This view of innovation, pioneered View Details

Keywords: Sean Silverthorne

27 Jan 2009
First Look

First Look: January 27, 2009

is found when the regression is run on data generated by a calibrated version of our theoretical model. Download the paper: http://www.hbs.edu/research/pdf/09-080.pdf Dirty Work, Clean Hands: The Moral Psychology of Indirect Agency... View Details

Keywords: Martha Lagace

Web

2022 Reunion Presentations - Alumni

Professor Laura Alfaro + More Info – Less Info Fueled by a series of recent political events and actors, anti-globalization has been growing. From the rise of political platforms pinning blame on openness to imports and immigration to the... View Details

01 Sep 2017
News

Turning Point: Getting to Giving

classes I teach at our church. Now I talk to people about money all the time. At HBS, Professor Malcolm Salter gave us this advice in our last class together: “Live beneath your means.” At the time it struck... View Details

Keywords: Amalya “Ami” Campbell (MBA 1997); Social Assistance; Health, Social Assistance

25 Oct 2011
First Look

First Look: October 25

Institutional Investors Frame Their Losses: Evidence on Dynamic Loss Aversion from Currency Portfolios Authors:Kenneth A. Froot, J. Arabadjis, S. Cates, and S. Lawrence Publication:Journal of Portfolio... View Details

Keywords: Sean Silverthorne

13 Apr 2010
First Look

First Look: April 13

by deviating frequently and in predictable ways from the recommendations offered by a centralized capacity planning model. Finally, we document that these discretionary capacity supply decisions exhibit a... View Details

Keywords: Martha Lagace