Publications

14 Jan 2022
News

Nohria’s Next Move

In a message to the HBS community this week, former Dean Nitin Nohria shared his next chapter. “I am pursuing a new adventure as the Executive Chairman of Thrive Capital, a firm that invests in and builds technology-enabled companies.” Thrive is managed View Details

23 Jun 2023
News

Highlights from the Spring 2023 Alumni Board Meeting

Centering the education: Keeping the expectations we have of students and faculty high. Making sure we attract the very best: Increasing access by making affordability a priority, focusing on diversity, equity, and inclusion, and making... View Details

2005
Working Paper

Pseudo Market Timing and Predictive Regressions

By: Malcolm Baker, Ryan Taliaferro and Jeffrey Wurgler

A number of studies claim that aggregate managerial decision variables, such as aggregate equity issuance, have power to predict stock or bond market returns. Recent research argues that these results may be driven by an aggregate time-series version of Schultz's... View Details

Keywords: Managerial Roles; Equity; Market Timing; Financial Instruments; Investment Return; Mathematical Methods

12 Nov 2018
Blog Post

Student Portraits - Armed Forces Alumni Association

to the bone, miserably hot, terrified, freezing cold, furious, battered, blistered, and bruised at various stages of my career—often experiencing several of these at once. I have been hopelessly lost in both the woods and the desert, and perpetually overwhelmed View Details

17 Jan 2012
First Look

First Look: January 17

http://www.cengage.com/search/productOverview.do?Ntt=9781111972301&N=16+4294922453&Ntk=P_Isbn13 Behavioral Corporate Finance: A Current Survey Authors:Malcolm Baker and Jeffrey Wurgler Publication:In Handbook of the Economics of... View Details

Keywords: Sean Silverthorne

2005
Working Paper

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

By: Malcolm Baker, Lubomir Litov, Jessica Wachter and Jeffrey Wurgler

We consider measures of stock-picking skill of mutual fund managers based on the earnings announcement returns of the stocks that they hold and trade. Relative to standard approaches, this approach focuses on an especially informative subset of the returns data,... View Details

Keywords: Stocks; Asset Management; Business Earnings; Forecasting and Prediction; Competency and Skills

Article

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

By: Malcolm Baker, Lubomir Litov, Jessica Wachter and Jeffrey Wurgler

We consider measures of stock-picking skill of mutual fund managers based on the earnings announcement returns of the stocks that they hold and trade. Relative to standard approaches, this approach focuses on an especially informative subset of the returns data,... View Details

Keywords: Competency and Skills; Stocks; Investment Return; Investment Funds; Earnings Management

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November 1994 (Revised May 2002)
Case

K-III: A Leveraged Build-Up

By: George P. Baker III, Nicola Bamford and Nicolas Greenspan

Explores the strategy, financing, and governance of a new type of organizational form, dubbed the Leveraged Build-Up by its inventor, Kohlberg, Kravis, Roberts & Co. The company makes leveraged acquisitions of small publishing companies, managing them in a very... View Details

Keywords: Debt Securities; Financial Management; Leveraged Buyouts; Cash Flow; Organizational Structure; Mergers and Acquisitions; Corporate Governance; Financial Strategy; Corporate Finance; Publishing Industry

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Web

Harvard Business School

Baker Library Special Collections Exhibits More Exhibits Explore the Exhibit Student Pioneers The Value of Business Education The Golden Age of Black Business AASU Early Years & Influence AASU Founders Core Demands & Proposals Early Years... View Details

August 2022 (Revised October 2022)
Case

The Mighty Squirrel Brewery and Taproom

Educators

Purchase

Other Article

Commentary: Is the 'Incredible Shrinking Universe of Stocks' a Bad Thing?

01 Feb 2002
News

It's academic. (Not!)

If your idea of a Ph.D. in business conjures up visions of spectacled scholars toiling in solitude in the library's darkest, dustiest corners, think again. At HBS, students in the School's Doctoral Programs are doing much more than theorizing and crunching numbers.... View Details

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

Spring 2016
Article

Risk Neglect in Equity Markets

The link between measures of risk and return within the equity market has been very weak over the past 47 years: in the United States, returns on high-risk stocks have cumulatively fallen short of the returns on low-risk stocks, during a period when the equity market... View Details

Keywords: Asset Allocation; Equity Investment; Behavioral Finance; Private Equity

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November 2013
Supplement

Restructuring at Nova Chemical Corporation (Abridged), Spreadsheet Supplement