Publications

winter 1992
Article

Roundtable on U.S. Risk Capital and Innovation (With a Look at Eastern Europe)

By: G. Baty, W. Bygrave, D. Chew, P. Finegan, K. A. Froot, T. Gray, J. Kensiger, G. W. Loveman, S. Magee and J. Martin

Keywords: Risk and Uncertainty; Capital; Innovation and Invention; United States; Europe

Article

Experience Theory, or How Desserts Are Like Losses

By: Jolie M. Martin, Martin Reimann and Michael I. Norton

While many experiments have explored risk preferences for money, few have systematically assessed risk preferences for everyday experiences. We propose a conceptual model and provide convergent evidence from seven experiments that, in contrast to a typical “zero”... View Details

Keywords: Experiences; Monetary Gambles; Risk Preferences; Experience Theory; Risk and Uncertainty; Behavior; Decision Choices and Conditions

February 2018
Article

Structural GARCH: The Volatility-Leverage Connection

By: Robert F. Engle and Emil N. Siriwardane

During the financial crisis, financial firm leverage and volatility both rose dramatically. Consequently, institutions are being asked to reduce leverage in order to reduce risk, though the effectiveness depends upon the role of capital structure in volatility. To... View Details

Keywords: Leverage; Credit Risk; Crisis Management; Equity; Volatility; Credit; Risk Management; Financial Crisis

2019
Other Unpublished Work

Mexico's Financial Risks: Solving Pemex for a Solvent Mexico

By: Laura Alfaro, Augusto de la Torre, Guillermo Calvo, Roque Benjamin Fernandez, Pablo Guidotti, Paulo Leme, Enrique Mendoza, Guillermo Perry, Carmen Reinhart and Liliana Rojas-Suarez

Keywords: Financial Risk; Finance; Economics; Mexico; Latin America

July 2011
Article

Bringing Ethics into Focus: How Regulatory Focus and Risk Preferences Influence (Un)ethical Behavior

By: F. Gino and Joshua D. Margolis

Keywords: Ethics; Governing Rules, Regulations, and Reforms; Risk and Uncertainty

24 Mar 2025
News

Elon Musk’s Business Empire Is at Risk as Harvard Professor Warns of Instability

13 Nov 2024
News

Association of Corporate Counsel’s New Report Reveals Top Geopolitical Risks Facing Us Companies

13 Oct 1994
Lecture

Use of Convertible and Warrant Bonds by Japanese Firms: Risk Shifting or Delayed Equity?

By: W. Carl Kester

Keywords: Bonds; Risk and Uncertainty; Equity; Japan

January 2, 2008
Editorial

A Better Way to Pay CEOs: Smarter Incentives Could Reduce the Risks They Pursue

By: A. Zelleke

Keywords: Compensation and Benefits; Management; Motivation and Incentives; Risk and Uncertainty

2022
Article

Missing Novelty in Drug Development

By: Joshua Krieger, Danielle Li and Dimitris Papanikolaou

We provide evidence that risk aversion leads pharmaceutical firms to underinvest in radical innovation. We introduce a new measure of drug novelty based on chemical similarity and show that firms face a risk-reward trade-off: novel drug candidates are less likely to... View Details

Keywords: Drug Development; Risk Aversion; Research and Development; Innovation and Invention; Investment; Pharmaceutical Industry

22 Jan 2025
Blog Post

Career Risks and Professional Growth: Finding a Fulfilling Career with Paige Arnof-Fenn (MBA 1991)

HBS was the bridge that helped me connect my analytical strengths with my creative passions, setting the foundation for a career filled with both challenges and rewards. Looking back, my career has been a series of risks and discoveries.... View Details

June 2009
Teaching Note

Midland Energy Resources, Inc.: Cost of Capital (Brief Case)

By: Timothy A. Luehrman and Joel L. Heilprin

Teaching Note for 4129 View Details

Keywords: Risk Assessment; Risk and Uncertainty; Valuation; Capital Structure; Cash Flow

April 1997
Article

A Case Study of Organizational Form and Risk Shifting in Savings and Loan Industry

By: B. C. Esty

Keywords: Organizations; Financial Institutions; Risk and Uncertainty; Financial Services Industry

Article

From Netscape to eHarmony: The High Risks and Big Rewards of Platform Markets

By: Dylan B. Minor

Keywords: Leadership; Service Delivery; Mobile Technology; Economics

12 Jul 2010
Conference Presentation

Don't Stone the CROs! - The Evolving Role of the Chief Risk Officer

By: Anette Mikes

Keywords: Management Teams

09 Jul 2010
Conference Presentation

Don't Stone the CROs! - The Evolving Role of the Chief Risk Officer

By: Anette Mikes

Keywords: Management Teams

March 2006 (Revised March 2007)
Background Note

Winning Legally: Using the Law to Create Value, Marshal Resources, and Manage Risk

Describes the four components of legal astuteness: the attitudes, proactive approach, judgment, and knowledge necessary to manage the legal aspects of business effectively. Identifies a number of legal tools legally astute managers can use during different phases of... View Details

Keywords: Management; Law; Business Strategy

Educators

January 2014
Other Article

The Answer is 9,142: Understanding the Influence of Disruption Risk on Inventory Decision Making

By: Mark Cotteleer, Maria Ibanez and Geri Gibbons

The question was how many units of inventory a manager should order when faced with a possible disruption in supply. The correct answer is not guesswork, but based on 150 years of theory and practice. We examine individual choices made in this critical situation—and... View Details

Keywords: Behavioral; Behavioral Operations; Inventory; Bias; Operations Management; Operations

January 2021
Case

Cinépolis

By: Joshua D. Margolis and Fernanda Miguel

Two weeks after Cinepolis released a documentary film about corruption, a judge ordered its provisional suspension, claiming it had to be edited before it continued to be shown, against Mexican cinematography laws. Cinépolis, Latin America’s largest movie theater chain... View Details

Keywords: Movies; Entertainment; Corruption; Risk Assessment; Communication Strategy; Crime and Corruption; Decision Making; Film Entertainment; Ethics; Leadership; Risk Management; Entertainment and Recreation Industry; Motion Pictures and Video Industry; Mexico; Latin America; North and Central America

Educators