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  • All HBS Web  (4,020)
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    • News  (556)
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  • All HBS Web  (4,020)
    • People  (2)
    • News  (556)
    • Research  (2,855)
    • Events  (51)
    • Multimedia  (21)
  • Faculty Publications  (2,057)
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  • May 1977 (Revised October 1989)
  • Case

International Business Machines (F): Contracting for the Development and Manufacture of a New Machine

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Corey, E. Raymond, and Roger Bennett. "International Business Machines (F): Contracting for the Development and Manufacture of a New Machine." Harvard Business School Case 577-159, May 1977. (Revised October 1989.)
  • 2020
  • Working Paper

Is Accounting Useful for Forecasting GDP Growth? A Machine Learning Perspective

By: Srikant Datar, Apurv Jain, Charles C.Y. Wang and Siyu Zhang
We provide a comprehensive examination of whether, to what extent, and which accounting variables are useful for improving the predictive accuracy of GDP growth forecasts. We leverage statistical models that accommodate a broad set of (341) variables—outnumbering the... View Details
Keywords: Big Data; Elastic Net; GDP Growth; Machine Learning; Macro Forecasting; Short Fat Data; Accounting; Economic Growth; Forecasting and Prediction; Analytics and Data Science
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Datar, Srikant, Apurv Jain, Charles C.Y. Wang, and Siyu Zhang. "Is Accounting Useful for Forecasting GDP Growth? A Machine Learning Perspective." Harvard Business School Working Paper, No. 21-113, December 2020.
  • Article

Towards a Dynamic Theory of Strategy

By: M. E. Porter
Keywords: Theory; Strategy
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Porter, M. E. "Towards a Dynamic Theory of Strategy." Strategic Management Journal 12 (Winter 1991).
  • 1985
  • Chapter

Toward a Focal-Point Theory of Bargaining

By: A. E. Roth
Keywords: Negotiation; Game Theory
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Roth, A. E. "Toward a Focal-Point Theory of Bargaining." In Game-Theoretic Models of Bargaining, edited by A. E. Roth, 259–268. Cambridge University Press, 1985.
  • Article

On the Theory of Effective Demand

By: Jerry R. Green
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Green, Jerry R. "On the Theory of Effective Demand." Economic Journal 90, no. 358 (June 1980): 341–353.
  • 2007
  • Working Paper

Interpersonal Authority in a Theory of the Firm

By: Eric J. Van den Steen
This paper develops a theory of the firm in which a firm's centralized asset ownership and low-powered incentives give a manager 'interpersonal authority' over employees (in a world with differing priors). The paper derives such interpersonal authority as... View Details
Keywords: Governance Controls; Employee Relationship Management; Managerial Roles; Motivation and Incentives; Boundaries; Theory
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Van den Steen, Eric J. "Interpersonal Authority in a Theory of the Firm." Sloan School of Management Working Paper, No. 4667-07, July 2007. (Available at SSRN.)
  • June 1996 (Revised November 1996)
  • Background Note

Economic Gains from Trade, The: Theories of Strategic Trade

The theory of competitive advantage is one of the most widely accepted economic principles among economists. The theory, as well as substantial historical evidence, suggest that free trade raises national income, while government intervention in trade relations... View Details
Keywords: Competitive Advantage; Trade
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Kennedy, Robert E. "Economic Gains from Trade, The: Theories of Strategic Trade." Harvard Business School Background Note 796-184, June 1996. (Revised November 1996.)
  • February 2021
  • Article

A Dynamic Theory of Multiple Borrowing

By: Daniel Green and Ernest Liu
Multiple borrowing—a borrower obtains overlapping loans from multiple lenders—is a common phenomenon in many credit markets. We build a highly tractable, dynamic model of multiple borrowing and show that, because overlapping creditors may impose default externalities... View Details
Keywords: Commitment; Multiple Borrowing; Common Agency; Misallocation; Microfinance; Investment; Mathematical Methods
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Green, Daniel, and Ernest Liu. "A Dynamic Theory of Multiple Borrowing." Journal of Financial Economics 139, no. 2 (February 2021): 389–404.
  • 1979
  • Chapter

Toward a Theory of the Press

By: Michael C. Jensen
Keywords: Media; Media and Broadcasting Industry; Journalism and News Industry
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Jensen, Michael C. "Toward a Theory of the Press." In Economics and Social Institutions, edited by Karl Brunner. Martinus Nijhoff Publishers, 1979.
  • 1972
  • Book

Studies in the Theory of Capital Markets

By: M. C. Jensen
Keywords: Capital Markets; Theory
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Jensen, M. C., ed. Studies in the Theory of Capital Markets. New York: Praeger, 1972.
  • 11 Dec 2008
  • News

The Money Theory of World History

  • 2019
  • Chapter

Resource Allocation Theory

By: Joseph L. Bower
This article considers the process of resource allocation, whereby an organization determines how best to apportion its factors of production between the various productive activities in which it wishes to engage. It is suggested that none of the academic approaches to... View Details
Keywords: Resource Allocation
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Bower, Joseph L. "Resource Allocation Theory." In The Palgrave Encyclopedia of Strategic Management. Continuously updated edition, edited by Mie Augier and David J. Teece. Palgrave Macmillan, 2017. Electronic. (Pre-published, July 2016.)
  • 21 Feb 2019
  • Blog Post

Machine Learning and Behavioral Economics

“We have a lot of interesting emerging technologies,” he says, “but maybe, too often, we overlook human behavior.” Upon graduation, Bracaglia’s internship at Google segued into a full-time position working within YouTube. “Google is the... View Details
  • Research Summary

Technology and Knowledge Transfer in the Evolution of China’s Machine Industry

This work-in-progress provides a historical perspective on the role of foreign companies as providers of machinery equipment and facilitators of technology transfer in China from the last decade of the 19th century to the early 1950s. The project focuses on... View Details
  • 1976
  • Article

The Asymptotic Theory of Stochastic Games

By: Truman F. Bewley and Elon Kohlberg
Keywords: Games, Gaming, and Gambling; Theory
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Bewley, Truman F., and Elon Kohlberg. "The Asymptotic Theory of Stochastic Games." Mathematics of Operations Research, no. 1 (1976): 197 – 208.
  • February 26, 2024
  • Article

Making Workplaces Safer Through Machine Learning

By: Matthew S. Johnson, David I. Levine and Michael W. Toffel
Machine learning algorithms can dramatically improve regulatory effectiveness. This short article describes the authors' scholarly work that shows how the U.S. Occupational Safety and Health Administration (OSHA) could have reduced nearly twice as many occupational... View Details
Keywords: Government Experimentation; Auditing; Inspection; Evaluation; Process Improvement; Government Administration; AI and Machine Learning; Safety; Governing Rules, Regulations, and Reforms
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Johnson, Matthew S., David I. Levine, and Michael W. Toffel. "Making Workplaces Safer Through Machine Learning." Regulatory Review (February 26, 2024).
  • fall 2008
  • Article

Toward a Theory of Behavioral Operations

By: Francesca Gino and Gary P. Pisano
Human beings are critical to the functioning of the vast majority of operating systems, influencing both the way these systems work and how they perform. Yet most formal analytical models of operations assume that the people who participate in operating systems are... View Details
Keywords: Management Systems; Operations; Mathematical Methods; Behavior; Cognition and Thinking; Perspective; Theory
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Gino, Francesca, and Gary P. Pisano. "Toward a Theory of Behavioral Operations." Manufacturing & Service Operations Management 10, no. 4 (fall 2008): 676–691.
  • January 1991
  • Article

A Theory of Inefficient Intrafirm Transactions

By: J. J. Rotemberg
Keywords: Theory
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Rotemberg, J. J. "A Theory of Inefficient Intrafirm Transactions." American Economic Review 81, no. 1 (January 1991): 191–210.
  • March 2010
  • Article

Interpersonal Authority in a Theory of the Firm

By: Eric J. Van den Steen
This paper develops a theory of the firm in which a firm's centralized asset ownership and low-powered incentives give the manager, as an equilibrium outcome, interpersonal authority over employees (in a world with open disagreement). The paper thus provides... View Details
Keywords: Theory; Assets; Ownership; Motivation and Incentives; Governance Controls; Power and Influence; Projects; Perspective; Employees
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Van den Steen, Eric J. "Interpersonal Authority in a Theory of the Firm." American Economic Review 100, no. 1 (March 2010): 466–490.
  • January – February 2012
  • Article

Toward a Behavioral Theory of Strategy

Keywords: Behavior; Theory; Strategy
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Gavetti, G. "Toward a Behavioral Theory of Strategy." Organization Science 23, no. 1 (January–February 2012): 267–285.
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