Financial Incentives - Publications - Faculty & Research

April 2022 (Revised August 2022)
Case

Conflicts of Interest at Uptown Bank

In 2013, two employees debated whether to blow the whistle on their employer, Bell Bank, after completing an internal review that revealed undisclosed conflicts of interest. Bell Bank’s Asset Management business disproportionately invested clients’ money in Bell Bank’s... View Details

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28 Sep 2009
Research & Ideas

Improving Accountability at the World Bank

accountability and effectiveness today? What should it do about them? With a detailed description of the Bank's challenges of democratic accountability, its constraints, and recommendations for the future, HBS professor Alnoor Ebrahim testified before the Committee on... View Details

Keywords: by Alnoor Ebrahim

05 Apr 2016
First Look

April 5, 2016

start-up seem too risky? There is a radical third path open to you: you can buy a small business and run it as CEO. Purchasing a small company offers significant financial rewards—as well as personal and professional fulfillment. Leading... View Details

Keywords: Sean Silverthlorne

24 May 2004
Research & Ideas

When Reputation Trumps Regulation

Financial Economics, suggests that reputational bonding better explains the success and failure of cross-listings than legal bonding. This is largely due to the fact that the Securities and Exchange Commission, for a number of reasons,... View Details

Keywords: by Ann Cullen

20 Feb 2018
First Look

First Look at New Research and Ideas, February 20, 2018

American tradition of a well-regulated society with the legacy of Gilded Age laissez-faire capitalism produced the modern American regulatory state. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=48304 forthcoming Review of Finance View Details

Keywords: Sean Silverthorne

December 1999 (Revised November 2001)
Background Note

Note on Private Equity Securities, A

By: G. Felda Hardymon and Josh Lerner

Provides an overview of the primary securities used in private equity, their structures, and the economic motivation behind their designs. View Details

Keywords: Design; Private Equity; Debt Securities; Industry Structures; Motivation and Incentives

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01 Apr 1999
News

Spirit at Work

practices to lead some 150 consultants and employees in the building of the aquarium against almost impossible financial odds. "I started the early design meetings with a nondenominational prayer," says Stuart, an Episcopalian who also... View Details

Keywords: Marguerite Rigoglioso

February 2008
Teaching Note

Anne Mulcahy: Leading Xerox through the Perfect Storm (TN) (A) and (B)

By: Bill George

Teaching Note for 405050 and 405065. View Details

Keywords: Financial Liquidity; Crisis Management; Profit; Leadership Development; Personal Development and Career; Motivation and Incentives; Knowledge Acquisition; Service Industry; Computer Industry

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22 Mar 2016
First Look

March 22, 2016

investor's financial returns. Institutions, Institutional Change and Economic Performance in Emerging Markets brings together a series of Harvard Business School case studies on emerging markets. This book is an invaluable resource for... View Details

Keywords: Sean Silverthorne

12 Oct 1999
Research & Ideas

Paid for Success: Options for Compensating CEOs

When large public companies perform poorly, do the CEOs running them share the financial pain? That question, according to HBS associate professor Brian Hall, is not answered by looking at their salary and bonus but rather by a careful... View Details

Keywords: by Judith A. Ross

January 2004
Background Note

Cross-Border Listings and Depositary Receipts

By: Mihir A. Desai, Maria Raga-Frances, Ami Dave, Mark Veblen and Kathleen Luchs

This case describes the varied instruments that have evolved to facilitate investments in foreign corporations, emphasizing American Depositary Receipts (ADRs) and cross-border listings. It describes the different types of ADRs and the regulatory requirements foreign... View Details

Keywords: Financial Markets; Cross-Cultural and Cross-Border Issues; Business History; Research; Motivation and Incentives; United States

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08 Jul 2014
First Look

First Look: July 8

financial incentives do not appear to crowd it out. Third, the responses to both types of incentives are stronger when their relative value is higher. Indeed, View Details

Keywords: Carmen Nobel

08 Jul 2002
What Do You Think?

Have We Carried the Concept of Alignment Too Far?

responsible for the accuracy of financial reports. Others might include directors among those held responsible, with at least the confiscation of all incentive pay gained as a result of deliberate... View Details

Keywords: by James Heskett

01 Mar 2023
News

The Latest Model

Unlike some consultancies, Prysm is industry-agnostic. Rather than working in siloed practice areas like transportation or financial services, Barrera and Hurder use their understanding of fundamental economic principles—and their... View Details

Keywords: Alexander Gelfand; blockchain; cryptocurrency; economic models; innovation; consulting; Management, Scientific, and Technical Consulting Services; Professional Services

18 Jul 2005
Research & Ideas

Time to Rethink the Corporate Tax System?

characterize profits to tax authorities and capital markets separately). There is also much anecdotal evidence on the profusion of tax shelters and compensation incentives for managing effective tax rates. Managers appear to have become... View Details

Keywords: by Ann Cullen

27 Sep 2004
Research & Ideas

How Leaders Build Winning Streaks

change, which included the 300 top executives plus another 100 natural leaders from the ranks without fancy titles. The 1,350 South Koreans I met at the Shinhan Financial Group Summit outside of Seoul in the fall of 2003 were all... View Details

Keywords: by Rosabeth Moss Kanter

29 Jul 2002
Research & Ideas

Get Off the Dime!

accept new software as long as they suffered little inconvenience and little change except reduced costs. They wanted their financial reporting to have their traditional look and feel. They wanted to do maintenance scheduling their way... View Details

Keywords: by John P. Kotter & Dan S. Cohen

01 Apr 2001
News

Big Deals: Project Finance Helps Mitigate Risk in Large-Scale Investments

high leverage and its effects on managerial incentives and firm performance,” says Esty. “The projects I currently study are financed with 65 to 90 percent debt, compared with 25 to 35 percent for the typical industrial firm.” Both the... View Details

Profile

LaToya Marc

initiative at her school, a program that used "virtual currency" as an incentive to motivate progress. She was recognized as "Teacher of the Year," and Teach for America recruited her to help them scale impact—a role... View Details

Keywords: Financial Services; Financial Services

March 2010 (Revised December 2012)
Background Note

A 'Rich-vs.-King' Approach to Term Sheet Negotiations

By: Noam Wasserman, Furqan Nazeeri and Kyle Anderson

This note offers a new approach to venture capital term-sheet negotiations, with actionable steps based on insights from Professor Wasserman's "Rich-vs.-King" approach to founder decisions. A core thesis of this note is that trying to negotiate all terms in a term... View Details

Keywords: Entrepreneurship; Venture Capital; Financing and Loans; Framework; Negotiation Process; Negotiation Tactics; Motivation and Incentives; Financial Services Industry

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