Transaction - Publications - Faculty & Research

21 Jul 2006
Op-Ed

Enron Jury Sent the Right Message

The most noteworthy message of the Enron trial is that corporate executives can be convicted in a court of law for a pattern of deception that may or may not be illegal. Left unaddressed in the trial were many financial transactions and... View Details

Keywords: by Malcolm S. Salter

23 Mar 2015
Research & Ideas

It’s Called ‘Price Coherence,’ and It’s Surprisingly Bad for Consumers

intermediaries for every intermediated transaction with a buyer, and they must cover those fees by raising prices for consumers." Online travel websites charge the airlines around $3 per flight segment, for example—or a total of $12 for a... View Details

Keywords: by Carmen Nobel; Retail; Air Transportation; Food & Beverage; Entertainment & Recreation

07 Apr 2003
What Do You Think?

Should Global Business Initiatives Be Devalued?

what some perceive to be a narrowing between the rewards and risks of such ventures? Whether because of reduced market expectations or increased transactional costs resulting from deteriorating international relations, tighter regulation... View Details

Keywords: by James Heskett

October 2008
Teaching Note

Grosvenor Group Limited (TN)

By: Arthur I Segel and Ben Creo

Teaching Note for [207064]. View Details

Keywords: Resource Allocation; Market Transactions; Property; Financial Instruments; Assets; Emerging Markets; Real Estate Industry

Citation

Purchase

16 Jan 2018
First Look

First Look at New Research and Ideas, January 16, 2018

candidates. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=53708 Transaction Costs and the Duration of Contracts By: MacKay, Alexander Abstract—The duration of a vertical relationship depends on two types of... View Details

Keywords: Sean Silverthorne

08 Jun 2009
Research & Ideas

The Return of the Salesman

recruits for Fuller Brush in the early 20th century, for instance, would leave after a day or two. But aside from these characterizations, it's useful to think of two prototypical types of salespeople: the transactional salesperson and... View Details

Keywords: by Sean Silverthorne; Retail

11 Apr 2007
Research & Ideas

Adding Time to Activity-Based Costing

1990s, many companies introduced ERP systems that captured data at the transaction level. It was natural to think how we could modify ABC systems to benefit from the ready availability of transactional data... View Details

Keywords: by Sarah Jane Gilbert

June 2008
Case

Kidney Matchmakers

By: Brian J. Hall and Nicole Bennett

In this case we look at the design and development of an unconventional market, where neither money nor traditional "goods" are exchanged. Kidney exchange is an idea pioneered by HBS professor and market designer Alvin Roth and a small group of innovative doctors. This... View Details

Keywords: Moral Sensibility; Disruptive Innovation; Market Design; Market Transactions; Value Creation; Health Industry

Citation

Find at Harvard

24 Mar 2002
Research & Ideas

Are Assets Only for America’s Wealthy?

insurance, CDs, and transaction accounts for the poorest families are difficult to build and scale to the many millions of families who live below the poverty line. Let's use the dot.com dividend to solve this problem.— Peter Tufano... View Details

Keywords: by Carla Tishler

06 Dec 2010
Sharpening Your Skills

Sharpening Your Skills: Doing Business in Emerging Markets

analyzers and advisors, aggregators and distributors, transaction facilitators, and more. A useful starting point for managers is to construct an institutional map to identify institutional voids—which may themselves present business... View Details

March 1998 (Revised March 1999)
Case

Dell Online

By: V. Kasturi Rangan and Marie Bell

Dell started online commerce for its PCs in 1996, and by 1997 had achieved a sales rate of $3 million a day. The case describes the internal process that led to these dramatic results and poses the question of how the firm should leverage this activity to meet Michael... View Details

Keywords: Consumer Behavior; Market Transactions; Goals and Objectives; Business Processes; Distribution Channels; Internet and the Web; Information Infrastructure; Competitive Advantage; Computer Industry; Retail Industry

Citation

Educators

Purchase

2009
Working Paper

Stock Price Fragility

By: Robin Greenwood and David Thesmar

We investigate the relationship between ownership structure of financial assets and non-fundamental risk. An asset is fragile if its owners collectively have to buy or sell. Such assets are susceptible to non-fundamental price movements. An asset can be fragile because... View Details

Keywords: Financial Liquidity; Stocks; Price; Market Transactions; Ownership; Risk and Uncertainty; United States

Citation

SSRN

May 2008
Article

Excess Comovement of Stock Returns: Evidence from Cross-sectional Variation in Nikkei 225 Weights

By: Robin Greenwood

In the presence of limits to arbitrage, cross-sectional variation in periodic investor demand should be related to the degree of comovement of returns. I exploit the unusual weighting system of the Nikkei 225 index in Japan to identify cross-sectional variation in... View Details

Keywords: Stocks; Investment; Investment Return; Market Transactions; Weight; Performance Expectations; Behavior; Japan

17 Dec 2001
Research & Ideas

Becoming the Next Real Estate Mogul

than how well capitalized they are, said Constantini. He said he walked away from a seven-figure transaction after realizing the ethics of the other parties involved were not compatible with his. "There's always the next deal,"... View Details

Keywords: by Julia Hanna; Construction; Real Estate

13 Dec 2016
First Look

December 13, 2016

racial, gender, and other forms of bias that affect the off-line world. And in the early days of Internet commerce, the relative anonymity of transactions did make it harder for participants to discriminate. But as listings began to... View Details

Keywords: Carmen Nobel

30 Jun 2009
First Look

First Look: June 30

and measure the degree of hierarchy in transactional relationships among firms and apply the methods to two large industrial sectors in Japan: automotive and electronics. We compiled the networks of firms connected by View Details

Keywords: Martha Lagace

19 Sep 2006
First Look

First Look: September 19, 2006

transactions within a network of customers, such as financial services and telecommunications, currently face tough challenges. The factors determining success in their industries are changing rapidly and the boundaries of many of their... View Details

Keywords: Sean Silverthorne

10 Jan 2018
Research & Ideas

Working for a Shamed Company Can Hurt Your Future Compensation

they weren’t there at the time, but they have been a part of the culture, and we don’t want to deal with it.” Headhunting firms, meanwhile, may have to do extra due diligence in order to vet someone with a black mark on their resume, a View Details

Keywords: by Michael Blanding; Financial Services

2010
Working Paper

Decoding Inside Information

By: Lauren Cohen, Christopher Malloy and Lukasz Pomorski

Using a simple empirical strategy, we decode the information in insider trades. Exploiting the fact that insiders trade for a variety of reasons, we show that there is predictable, identifiable "routine" insider trading that is not informative for the future of firms.... View Details

Keywords: Forecasting and Prediction; Stocks; Financial Markets; Investment; Investment Return; Investment Portfolio; Market Transactions

Citation

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