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Show Results For
- All HBS Web
(1,280)
- News (341)
- Research (798)
- Events (1)
- Multimedia (1)
- Faculty Publications (480)
- 21 Oct 2013
- Research & Ideas
Missing the Wave in Ship Transport
shipping industry, constructing patterns of return for investors. “We were shocked at how predictable the returns are in this industry.” The research results—that heavy investment in a boom depresses future earnings—were unexpected, says Greenwood, the George Gund... View Details
- 22 Nov 2022
- News
Alumni Summit Explores Leadership for a Sustainable Future
imperative for climate awareness,” says Oliveau. Other keynote speakers included HBS Professor Brian Trelstad, who introduced a finance panel with an overview of impact investing’s rise over the last decade; UC-Berkeley Professor Stuart... View Details
Keywords: Margie Kelley
- 01 Dec 2018
- News
Action Plan: The Power of Story
eventually arrested and served a brief jail stint followed by rehab. Without a high school diploma, his future seemed bleak, but he willed himself through a GED program and community college before getting his finance degree from Wharton;... View Details
Keywords: Ryan Jones
- June 7, 1990
- Article
New Trading Practices and the Short-run Predictability of the S&P 500
By: André Perold, Kenneth A. Froot and James F. Gammill Jr.
- 01 Dec 1996
- News
Organizations and Markets: A Challenging View of the World
emotional reaction that leaves the conscious brain incapable of making a rational response. Understanding the irrationality of human behavior is essential for understanding how people relate - or do not relate - to each other, which is... View Details
Keywords: Susan Young
- 02 Aug 2006
- Research & Ideas
Investor Protection: The Czech Experience
emerging markets. In settings where contracts are weakly enforced, opportunistic behavior by partners is more likely. While most people emphasize having local partners that are well connected, this can backfire in these markets because... View Details
- October–November 2019
- Article
A New Perspective on Post-Earnings-Announcement-Drift: Using a Relative Drift Measure
By: Michael Clement, Joonho Lee and Kevin Ow Yong
Prior research finds that there is a delayed reaction to both analyst-based earnings surprises and random-walk-based earnings surprises. Focusing on the market reaction from the post-announcement window, prior studies show that analyst-based drift is larger than random... View Details
Clement, Michael, Joonho Lee, and Kevin Ow Yong. "A New Perspective on Post-Earnings-Announcement-Drift: Using a Relative Drift Measure." Journal of Business Finance & Accounting 46, no. 9–10 (October–November 2019): 1123–1143.
- Second Quarter 2008
- Article
How Does Investor Sentiment Affect the Cross-Section of Returns
By: Malcolm Baker, Johnathan Wang and Jeffrey Wurgler
Broad waves of investor sentiment should have larger impacts on securities that are more difficult to value and to arbitrage. Consistent with this intuition, we find that when an index of investor sentiment takes low values, small, young, high volatility,... View Details
Baker, Malcolm, Johnathan Wang, and Jeffrey Wurgler. "How Does Investor Sentiment Affect the Cross-Section of Returns." Journal of Investment Management 6, no. 2 (Second Quarter 2008): 57–72.
- Student-Profile
Anil Doshi
I spent over ten years working in finance and at startups. During my time in industry, I observed the significance of information in transacting and making decisions. Prior to coming to HBS, I founded a company called introPLAY that... View Details
- Career Coach
Juan Leung Li
former HBS professors and one of the co-founders of RackSpace. Work Experience: TMT Leveraged Finance Investment Banking (J.P. Morgan), Corporate Development and Strategy / Business Development (McGraw-Hill Education), Early Stage Venture... View Details
- 2005
- Working Paper
Investor Sentiment and the Cross-Section of Stock Returns
By: Malcolm Baker and Jeffrey Wurgler
We examine how investor sentiment affects the cross-section of stock returns. Theory predicts that a broad wave of sentiment will disproportionately affect stocks whose valuations are highly subjective and are difficult to arbitrage. We test this prediction by studying... View Details
Baker, Malcolm, and Jeffrey Wurgler. "Investor Sentiment and the Cross-Section of Stock Returns." NBER Working Paper Series, No. w10449, April 2005. (First draft in 2003.)
- 01 Jun 2001
- News
Platforms and Collaborations
point in the video, thereby creating a presentation to which students can log on and interact with together outside of class. Technological innovations offer the potential for online coursework — even now, new entrants in the MBA Program take online courses in... View Details
- 16 Dec 2010
- News
The Emergent Arab World
took place at HBS, with panels on entrepreneurship, social entrepreneurship, media and technology, and Iraq, among other topics. A panel on finance in the MENA region, which hundreds of HBS alumni call home, was moderated by HBS Associate... View Details
- Fast Answer
Social Entrepreneurship & Systems Change
about the missions, programs, and finances of more than 1.7 million nonprofit organizations. Foundation Directory Online - information and funding history for 140,000+ foundations, corporations, and federal agencies. Yearbook of... View Details
- 14 Apr 2014
- News
The Pershing Square Foundation Awards $17M to Harvard
- 1990
- Working Paper
Short Rates and Expected Asset Returns
By: K. A. Froot
Keywords: Risk Aversion; Risk; International Investing; Risk and Uncertainty; International Finance; Asset Pricing; Behavioral Finance
Froot, K. A. "Short Rates and Expected Asset Returns." NBER Working Paper Series, No. 3247, May 1990.
- April 2021
- Article
A Model of Multi-Pass Search: Price Search Across Stores and Time
By: Navid Mojir and K. Sudhir
In retail settings with price promotions, consumers often search across stores and time. However, the search literature typically only models one pass search across stores, ignoring revisits to stores; the choice literature using scanner data has modeled search across... View Details
Keywords: Consumer Search; Multi-pass Search; Price Search; Store Search; Spatial Search; Temporal Search; Spatiotemporal Search; Dynamic Structural Models; MPEC; Price Promotions; Store Loyalty; Consumer Behavior; Price; Spending; Marketing; Mathematical Methods
Mojir, Navid, and K. Sudhir. "A Model of Multi-Pass Search: Price Search Across Stores and Time." Management Science 67, no. 4 (April 2021): 2126–2150.
- July 23, 2019
- Article
Is the U.S. on Its Way to Becoming a Cashless Society?
By: Shelle Santana
The rise of digital payments, including credit cards, debit cards, and mobile payments systems, have contributed to the steady shift in payment practices among consumers. According to the FDIC, cash represented just 30% of all payments in 2017, and the percentage of... View Details
Santana, Shelle. "Is the U.S. on Its Way to Becoming a Cashless Society?" Harvard Business Review (website) (July 23, 2019).
- 24 Feb 2019
- News
Booz Allen’s CFO on Why It Pays to Ask for Help
- 2024
- Working Paper
Valuing Stocks With Earnings
By: Sebastian Hillenbrand and Odhrain McCarthy
We show that commonly used aggregate earnings are several times as volatile as stock prices
over the last three decades. Movements in the price-earnings ratio are thus entirely explained by
earnings growth and unrelated to future returns. As an alternative to the... View Details
Hillenbrand, Sebastian, and Odhrain McCarthy. "Valuing Stocks With Earnings." Working Paper, April 2024.