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  • All HBS Web  (1,671)
    • News  (279)
    • Research  (1,260)
    • Events  (2)
    • Multimedia  (14)
  • Faculty Publications  (808)
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  • December 2022
  • Technical Note

Risks and Opportunities from the Transition to a Low Carbon Economy: A Business Analysis Framework

By: George Serafeim
The transition to a low carbon economy introduces many risks and opportunities for businesses. Risks emerge from regulatory actions, such as carbon taxes and cap and trade systems, technological innovation that develop alternatives for customers making existing... View Details
Keywords: Risk Assessment; Opportunities; Environmental Sustainability; Carbon Footprint; Risk Management; Competitive Dynamics; Business Analysis; Climate Change; Accounting; Finance; Valuation; Business and Shareholder Relations; Technological Innovation; Transition; Product Positioning; Renewable Energy; Analysis
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Serafeim, George. "Risks and Opportunities from the Transition to a Low Carbon Economy: A Business Analysis Framework." Harvard Business School Technical Note 123-014, December 2022.
  • 22 Apr 2002
  • Research & Ideas

Does Spirituality Drive Success?

with each manager and learned the root of the problem. Workers were waiting for the company to make a large donation, a show of corporate support. But Rasul knew that, since Ballard is a publicly traded company, shareholders may not be... View Details
Keywords: by Martha Lagace, Sean Silverthorne & Wendy Guild
  • 11 Jun 2018
  • Research & Ideas

Why South Korea's Samsung Built the Only Outdoor Skating Rink in Texas

shouldn’t change the facts of a case, no matter how many scholarships a company sponsors—or how many Christmas lights it puts on the courthouse. Related Reading: Dragging Patent Trolls Into the Light Research Paper Playing Favorites: How Firms Prevent the Revelation of... View Details
Keywords: by Michael Blanding; Legal Services
  • Profile

Drew Keller

and environmental outcomes, which is different from the primacy given to shareholder returns over the past 50 years or so. In my work prior to HBS, I partnered with businesses actually acting on this and using their voices to advance... View Details
  • 06 Jun 2007
  • Research & Ideas

Behavioral Finance—Benefiting from Irrational Investors

raise enough money to build the factory," says Baker. "Or I could borrow $100 to build the factory and acquire the target with stock. If shareholders in the target are inertial—and our evidence suggests they are—it is more... View Details
Keywords: by Julia Hanna
  • 21 Feb 2005
  • Op-Ed

Is Business Management a Profession?

some of the most urgent problems facing modern societies, we find American business schools propagating the doctrine of shareholder primacy and the paradigm of the manager as the mere agent of the company's "owners". Taken in... View Details
Keywords: by Rakesh Khurana, Nitin Nohria & Daniel Penrice
  • 23 Apr 2018
  • Research & Ideas

Sponsorship Programs Could Actually Widen the Gender Gap

FabioFilzi Key aspects of corporate sponsorship programs, while designed to advance women’s careers, may end up widening the gender gap rather than narrowing it, according to new experimental research. “We’re not trying to say that sponsorship programs don’t work or... View Details
Keywords: by Carmen Nobel
  • 10 Aug 2009
  • Research & Ideas

High Commitment, High Performance Management

high commitment, high performance company. Martha Lagace: What differentiates HCHP firms and their leaders? Michael Beer: The leaders manage with a multiple stakeholder perspective. Contrary to many CEOs, HCHP leaders—with support from their boards—define firm purpose... View Details
Keywords: by Martha Lagace
  • June 2004
  • Article

A Catering Theory of Dividends

By: Malcolm Baker and Jeffrey Wurgler
We propose that the decision to pay dividends is driven by prevailing investor demand for dividend payers. Managers cater to investors by paying dividends when investors put a stock price premium on payers, and by not paying when investors prefer nonpayers. To test... View Details
Keywords: Dividends; Catering; Financial Instruments; Investment Return; Business and Shareholder Relations
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Baker, Malcolm, and Jeffrey Wurgler. "A Catering Theory of Dividends." Journal of Finance 59, no. 3 (June 2004): 1125–1165.
  • 01 Oct 1999
  • News

Eight Among Many: Alfred A. Checchi

context, and that meant telling the truth about how serious the situation was. People respond to that." Currently, Checchi, still a major Northwest shareholder (he resigned from the company for his political run), is busy with private... View Details
Keywords: Garry Emmons
  • December 1993 (Revised April 2006)
  • Case

Marriott Corporation (A)

By: Lynn S. Paine and Charles A. Nichols
Marriott Corp.'s chairman and CEO must decide whether to recommend a restructuring of the company to the board of directors. The proposal he is considering would split the Marriott Corp., a premier hotel developer, owner, and manager, into two separate companies by a... View Details
Keywords: Business or Company Management; Restructuring; Governing and Advisory Boards; Decision Making; Ethics; Management Teams; Business and Shareholder Relations; Accommodations Industry
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Paine, Lynn S., and Charles A. Nichols. "Marriott Corporation (A)." Harvard Business School Case 394-085, December 1993. (Revised April 2006.)
  • 2023
  • Working Paper

Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly?: A Critical Look at Four Varieties

By: Lynn S. Paine
The past few years have seen an outpouring of articles and statements heralding the arrival of a new and more inclusive form of capitalism often called stakeholder capitalism. The new capitalism promises to strengthen companies, improve outcomes for their... View Details
Keywords: Stakeholder Capitalism; Corporate Governance; Governing and Advisory Boards; Business and Stakeholder Relations; Economic Systems; Business and Shareholder Relations
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Paine, Lynn S. "Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly? A Critical Look at Four Varieties." Harvard Business School Working Paper, No. 24-008, August 2023.
  • 18 Nov 2015
  • Research & Ideas

Who Really Determines CEO Salary Packages?

contract cause: compensation consultation commonality. A compensation consultant is an independent advisor who helps shareholders decide what to pay their CEO. Compensation consulting firms often serve hundreds of corporate clients—e.g.,... View Details
Keywords: by Carmen Nobel; Consulting
  • 22 Mar 2013
  • Research & Ideas

Pulling Campbell’s Out of the Soup

were able to create a very powerful culture." Conant established two performance metrics to measure progress, one based on economic value, measured by shareholder returns compared to competitor companies; and the other based on... View Details
Keywords: by Dina Gerdeman; Food & Beverage
  • 02 Oct 2006
  • Research & Ideas

Negotiating in Three Dimensions

customer relationships, dealing with large shareholders and creditors, as well as initiating and managing cross-border strategic alliances. It is true inside the firm where people from different functional areas and divisions need to... View Details
Keywords: by Martha Lagace
  • 04 Apr 2022
  • What Do You Think?

As Disney Board Chair, What Would You Advise CEO Bob Chapek Regarding 'Don’t Say Gay'?

150 other companies in signing a Human Rights Campaign letter opposing the legislation. He decided to make no public statements to support or reject the governor’s expected signature of the bill—that is, until Disney’s annual meeting with View Details
Keywords: by James Heskett
  • 11 May 2009
  • Research & Ideas

The IT Leader’s Hero Quest

to sit in a nearby chair. "A deposition? What the hell are you talking about, Graham?" "If it is security incident," he continued, "we may be looking at the legal implications. Customer lawsuits, shareholder... View Details
Keywords: by Martha Lagace
  • 22 Jan 2016
  • Blog Post

Case Protagonists at HBS

to shareholders or build a business (or any other business-related situation). Those leaders are called case protagonists, and they could be CEOs, Presidents, board members, analysts, you name it. How often do case protagonists visit... View Details
  • 31 Aug 2020
  • What Do You Think?

Why Don’t More Organizations Understand the Power of Diversity and Inclusion?

causal relationship between diversity and profitability, then management can safely argue that managing for diversity is a way to increase shareholder value. If, however, the relationship is negative, then management cannot morally go out... View Details
Keywords: by James Heskett
  • 20 Sep 2022
  • Research & Ideas

How Partisan Politics Play Out in American Boardrooms

Republican—are 3.2 percent more likely to leave their companies when they are “politically misaligned” with their colleagues. Shareholders collectively lose $238 million, on average, after their departure is announced, the research shows.... View Details
Keywords: by Pamela Reynolds
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