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  • 24 Jan 2017
  • First Look

First Look at New Research: January 24, 2017

shareholders more than $3.95 trillion via stock buybacks and $2.45 trillion via dividends—$6.4 trillion in total. These shareholder payouts amounted to over 93% of the firms' net income. Academics, corporate lawyers, asset managers, and... View Details
Keywords: Sean Silverthorne
  • June 2006 (Revised April 2024)
  • Case

Creditor Activism in Sovereign Debt: 'Vulture' Tactics or Market Backbone

By: Laura Alfaro and Ingrid Vogel
The role of distressed debt funds, also known as "vulture funds," in sovereign debt restructuring was a hotly debated topic, especially after the success of Elliot Associates in converting an $11 million investment in Peruvian bonds worth $21 million into a $58 million... View Details
Keywords: Vulture Funds; Borrowing and Debt; Bonds; Investment Activism; Investment Funds; Sovereign Finance; Government and Politics; Contracts; Business and Government Relations; Peru
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  • 06 Mar 2018
  • First Look

First Look at Research and Ideas, March 6, 2018

their businesses to shareholders through stock buybacks and dividends rather than invest for the long term, undermining job growth and putting the country’s economic future at risk, often pointing to the high ratio of shareholder payouts... View Details
Keywords: Sean Silverthorne
  • 20 Mar 2009
  • Working Paper Summaries

Catering to Characteristics

Keywords: by Robin Greenwood & Samuel Hanson; Technology
  • 20 Oct 2009
  • First Look

First Look: October 20

  Working PapersGray Markets and Multinational Transfer Pricing (revised) Authors:Romana Autrey and Francesco Bova Abstract Gray markets arise when a manufacturer's products are sold outside of its authorized channels, for instance when goods designated for a foreign... View Details
Keywords: Martha Lagace
  • September 2024
  • Article

Activist Directors: Determinants and Consequences

By: Ian D. Gow, Sa-Pyung Sean Shin and Suraj Srinivasan
This paper examines determinants and consequences of hedge fund activism, focusing on activist directors, i.e., directors appointed in response to activist demands. Using a sample of 3,259 activism events from 2004 to 2016, we identify 1,623 activist directors.... View Details
Keywords: Governing and Advisory Boards; Investment Activism; Business and Shareholder Relations
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  • 27 Apr 2010
  • First Look

First Look: April 27

  PublicationsRethinking the MBA: Business Education at a Crossroads Authors:Srikant M. Datar, David A. Garvin, and Patrick Cullen Publication:Harvard Business Press, 2010 Abstract : "Business Schools Face Test of Faith." "Is It Time to Retrain... View Details
Keywords: Martha Lagace
  • 29 Oct 2009
  • Working Paper Summaries

Estimating the Effects of Large Shareholders Using a Geographic Instrument

Keywords: by Bo Becker, Henrik Cronqvist & Rüdiger Fahlenbrach
  • 17 Jul 2023
  • Research & Ideas

Money Isn’t Everything: The Dos and Don’ts of Motivating Employees

because the payout incentives are tied to leading only your company’s sector. “It’s paying for real performance, which is the thing the shareholders want,” Hall says. Do: Remember that cash isn’t always king Non-monetary rewards can be... View Details
Keywords: by Avery Forman
  • 16 May 2023
  • HBS Case

How KKR Got More by Giving Ownership to the Factory Floor: ‘My Kids Are Going to College!’

road.” When KKR bought CHI Overhead Doors in 2015, it offered a test case for an idea Stavros had been toying with since he was a student at HBS. He made every employee an owner, promising each a payout of at least $15,000 if the company... View Details
Keywords: by Avery Forman
  • 15 May 2009
  • Working Paper Summaries

Barriers to Household Risk Management: Evidence from India

Keywords: by Shawn Cole, Xavier Giné, Jeremy Tobacman, Petia Topalova, Robert Townsend & James Vickery
  • 30 Jan 2024
  • Research & Ideas

‘Intrinsic Joy’ Sparks Ideas Better than Cash

contributed far more “repos” (software packages placed and held in a repository) during the run-up to their payout than those who didn’t participate. Yet, once paid, a sponsored user’s community-driven contributions and long-term... View Details
Keywords: by Rachel Layne; Technology

    Best-selling and New Cases by Ben Esty

    Best-Selling (MOST POPULAR) Cases:  

      1) Eaton: Portfolio Transformation & Cost of... View Details

    • Web

    Finance - Faculty & Research

    subsequent insurance demand. Using a seven-year panel, we develop three main findings. First, recent experience matters for demand, consistent with overinference from small samples. Second, spillovers also matter, in the sense that the recent View Details
    • Web

    HBS - Financials | Supplemental Financial Information

    University executes on this obligation in determining each year’s endowment payout rate—that is, the percentage of the endowment’s fair market value withdrawn and distributed annually for operations and for one-time or time-limited... View Details
    • Web

    HBS - Financials | Supplemental Financial Information

    endowment’s fundamental purpose of maintaining intergenerational equity. The University executes this obligation in determining each year’s endowment payout rate—the percentage of the endowment’s fair market value withdrawn and... View Details
    • Web

    HBS - Financials | Supplemental Financial Information

    present over the future in a manner inconsistent with an endowment's fundamental purpose of maintaining intergenerational equity. The University executes on this obligation in determining each year's endowment payout rate—that is, the... View Details
    • 21 Jul 2022
    • Research & Ideas

    Did Pandemic Stimulus Funds Spur the Rise of 'Meme Stocks'?

    February 2021, for example, 72 percent received stimulus checks and half of them planned to invest those funds. To test their work further, researchers examined how Hong Kong’s similar cash payouts affected its markets, and found a... View Details
    Keywords: by Rachel Layne; Financial Services
    • 28 Apr 2003
    • Research & Ideas

    Supply Chain Risk: Deal With It

    insurance is no longer as feasible as it once was. Insurance carriers, which made huge payouts to cover losses related to the 9/11 attacks, have reexamined the risks implicit in today's leaner supply chains. As a result, "what was... View Details
    Keywords: by David Stauffer
    • 23 Apr 2018
    • Research & Ideas

    Sponsorship Programs Could Actually Widen the Gender Gap

    guaranteed payment of 50 cents per problem solved, or they could compete for higher stakes. Those who chose to compete received a significantly higher payout (ranging from $1 to $3 per problem) if they scored in the top 25 percent of the... View Details
    Keywords: by Carmen Nobel