Publications

2011
Chapter

How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

By: John Beshears, James J. Choi, David Laibson and Brigitte C. Madrian

We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio. Subjects received either statutory prospectuses or Summary Prospectuses. We find no... View Details

Keywords: Information; Corporate Disclosure; Decision Choices and Conditions; Consumer Behavior; Retirement; Personal Finance; Investment Funds; Microeconomics

20 Oct 2015
First Look

October 20, 2015

fluctuations. We first exposit that in the presence of Cobb-Douglas production functions and consumer preferences, there is a specific pattern of economic transmission whereby demand-side shocks propagate upstream (to input-supplying... View Details

Keywords: Sean Silverthorne

14 May 2008
Research & Ideas

Getting Down to the Business of Creativity

pointillist painter, and it's easy to imagine Bill Gates or Oprah Winfrey humming the same tune. But if creativity is integral to business, and to entrepreneurship in particular, how exactly does it occur? Where does this unicorn-like creature come from, and what... View Details

Keywords: by Julia Hanna; Retail; Apparel & Accessories; Fashion; Entertainment & Recreation

01 Dec 2019
News

The Race Against Resistance

illustration by Marcos Chin illustration by Marcos Chin It’s hard to overstate the impact that antibiotics had on medicine after they became widely available in the 1940s. In the United States, the leading causes of death shifted from infectious to noncommunicable... View Details

Keywords: Lisa Scanlon Mogolov

08 Jun 2011
Lessons from the Classroom

Twenty-first Century Skill: Trading Carbon Credits

decision. "Those who make poor choices feel the consequences of price uncertainty most deeply," Coles says. One of the cement factory managers begins with no permits. While that may seem unfair, it's a condition that mirrors... View Details

Keywords: by Julia Hanna; Energy; Utilities

Web

The Prescription for Lowering Health Care Costs? Look at What Doctors Do | Working Knowledge

care system,” Chandra says. “Prescriptions are something that emergency rooms deliver that people are not able to get quickly enough.” This is pointing to structural problems in how we’re building our health care system. The research comes as the US faces increased... View Details

01 Dec 1999
News

The Way You See It

influence over so many areas of business and society. "World War II catalyzed mass production techniques, quantitative analysis methods, women in the workplace, and world trade through the Marshall Plan and Japan's economic renaissance,"... View Details

Keywords: Garry Emmons. Data collection by Ericka Webb.

16 Oct 2018
First Look

New Research and Ideas, October 16, 2018

Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 5 Complementarity By: Baldwin, Carliss Y. Abstract—The purpose of this chapter is to relate the theory of task networks and technology set forth in previous chapters to theories of firm boundaries... View Details

Keywords: Dina Gerdeman

25 Jul 2006
First Look

First Look: July 25, 2006

description of the economic conditions in apartheid and post-apartheid South Africa, then details the BEE Commission, and finally narrates Charnley's story. Download working paper:... View Details

Keywords: Sean Silverthorne

01 Dec 2004
News

The Future of Stem Cells

be driven as much by markets as by science.” Experts say that, in the United States alone, those markets could offer therapies for tens of millions of people who are suffering from conditions such as diabetes, Parkinson’s disease,... View Details

Keywords: Garry Emmons

Web

The Ownership Project | Institute for Business in Global Society

any economy: Ownership shapes the exchange of goods and services between buyers and sellers, grants access and control over capital and resources, and mediates the governance of economic enterprises. Despite its centrality, the topic of... View Details

June 1996 (Revised July 1997)
Case

Hostile Bid for Red October, The

By: Benjamin C. Esty and Alan Bigman

Manatep Bank, a Russian investment bank, has just announced the country's first hostile tender offer for Red October, a confectionery company located in Moscow. As the chief financial officer of the target company, Yuri Yegorov must decide how to respond, how much his... View Details

Keywords: Capital Markets; Cash; Governance Controls; Financial Condition; Investment Banking; Financial Markets; Trade; Valuation; Financial Management; Food and Beverage Industry; Moscow

December 2009 (Revised April 2022)
Case

Lyondell Chemical Company

By: Stuart C. Gilson and Sarah Abbott

Hit with an industry recession and the global financial crisis of 2008, in January 2009 LyondellBasell Industries AF S.C.A., one of the world's largest internationally diversified chemical companies headquartered in The Netherlands, placed its U.S. operations and a... View Details

Keywords: Restructuring; Financial Crisis; Borrowing and Debt; Capital Structure; Insolvency and Bankruptcy; Financing and Loans; International Finance; Crisis Management; Chemical Industry; Netherlands; United States

01 Jun 2008
News

Kash Rangan

we impart at HBS is so important. Our approach to social enterprise has broad appeal to students who may not even go to work directly in the sector. Without it, they would always approach nonprofits as philanthropy. I believe our curriculum View Details

Keywords: Roger Thompson; Finance

July 1996 (Revised January 1997)
Case

Northwest Airlines: Brush with Bankruptcy (A)--November 1992

By: Leonard A. Schlesinger and Davis Dyer

Deals with Northwest's financial crisis between the fall of 1992 and the following spring. Northwest's leaders face the problem of how to meet an impending $600 million payment on the 1989 LBO loan when the airline had run out of cash. Concludes by outlining options... View Details

Keywords: Air Transportation; Restructuring; Leveraged Buyouts; Crisis Management; Insolvency and Bankruptcy; Financial Strategy; Financial Crisis; Air Transportation Industry; United States

Find at Harvard

March 2010 (Revised May 2010)
Case

Chrysler's Sale to Fiat

By: C. Fritz Foley, Lena G. Goldberg and Linnea Meyer

This case provides students with an opportunity to analyze the restructuring of Chrysler in the midst of the financial crisis of 2008–2009. It describes how debtors can use section 363 of the U.S. Bankruptcy Code to sell assets quickly. It allows for discussion of who... View Details

Keywords: Mergers and Acquisitions; Restructuring; Financial Crisis; Insolvency and Bankruptcy; Laws and Statutes; Business and Government Relations; Sales; Auto Industry; United States