Data Governance - Publications - Faculty & Research

19 Sep 2016
Research & Ideas

Why Isn't Business Research More Relevant to Business Practitioners?

including proprietary data that has never been shared with scholars before and can lead to novel lines of inquiry.” Harvard Business School’s Michael Toffel. “This is my soapbox message to academics: be more relevant,” he says. Toffel,... View Details

Keywords: by Carmen Nobel; Education

15 Oct 2007
Research & Ideas

Businesses Beware: The World Is Not Flat

other common myth that even if the world isn't quite flat today, it will be tomorrow. The data clearly indicate that national borders still matter. I group the differences that they demarcate into 4 areas: those related to cultural... View Details

Keywords: by Martha Lagace

17 Jan 2012
First Look

First Look: January 17

http://www.people.hbs.edu/mbaker/cv/papers/bcfsurvey2v20.pdf Comovement and Predictability Relationships Between Bonds and the Cross-Section of Stocks Authors:Malcolm Baker and Jeffrey Wurgler Publication:Review of Asset Pricing Studies (forthcoming) Abstract View Details

Keywords: Sean Silverthorne

September 2011
Article

Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality

By: Mark J. Roe and Jordan I. Siegel

We here bring forward strong evidence that political instability impedes financial development, with its variation a primary determinant of differences in financial development around the world. As such, it needs to be added to the short list of major determinants of... View Details

Keywords: Financial Development; Political Instability; Government and Politics; Finance; Growth and Development; Economics; Equality and Inequality

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Roe, Mark J., and Jordan I. Siegel. "Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality." Journal of Comparative Economics 39, no. 3 (September 2011): 279–309. (We here bring forward strong evidence that political instability impedes financial development, with its variation a primary determinant of differences in financial development around the world. As such, it needs to be added to the short list of major determinants of financial development. First, structural conditions first postulated by Engerman and Sokoloff (2002) as generating long-term inequality are shown here empirically to be exogenous determinants of political instability. Second, that exogenously-determined political instability in turn holds back financial development, even when we control for factors prominent in the last decade's cross-country studies of financial development. The findings indicate that inequality-perpetuating conditions that result in political instability are fundamental roadblocks for international organizations like the World Bank that seek to promote financial development. The evidence here includes country fixed effect regressions and an instrumental model inspired by Engerman and Sokoloff's (2002) work, which to our knowledge has not yet been used in finance and which is consistent with current tests as valid instruments. Four conventional measures of national political instability — Alesina and Perotti's (1996) well-known index of instability, a subsequent index derived from Banks' (2005) work, and two indices of managerial perceptions of nation-by-nation political instability — persistently predict a wide range of national financial development outcomes for recent decades. Political instability's significance is time consistent in cross-sectional regressions back to the 1960's, the period when the key data becomes available, robust in both country fixed-effects and instrumental variable regressions, and consistent across multiple measures of instability and of financial development. Overall, the results indicate the existence of an important channel running from structural inequality to political instability, principally in nondemocratic settings, and then to financial backwardness. The robust significance of that channel extends existing work demonstrating the importance of political economy explanations for financial development and financial backwardness. It should help to better understand which policies will work for financial development, because political instability has causes, cures, and effects quite distinct from those of many of the key institutions most studied in the past decade as explaining financial backwardness.)

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Harvard Business School

clients, including Fannie Mae, Freddie Mac, and Ginnie Mae. He was elected by the Ernst & Young partnership to serve a three-year term on the firm's governance committee. Cheryl Owens-Howard DBA 1983 Cheryl Owens-Howard is senior vice... View Details

02 May 2017
First Look

First Look at New Research: May 2, 2017

Asante Should Governments Demand Equity in Foreign-Owned Extractive Projects? By: Wells, Louis T. Abstract—No abstract available. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=52573 2016 The Challenge of BRIC... View Details

Keywords: Carmen Nobel

21 Apr 2015
First Look

First Look: April 21

consumption paths and then into a net effect on social welfare. I calibrate that framework using recently produced data on Social Security beneficiaries by lifetime income decile and both existing and new survey evidence on the normative... View Details

Keywords: Carmen Nobel & Sean Silverthorne

15 Jun 2007
Research & Ideas

Remembering Alfred Chandler

decade, piecing together what he called "the story"—the history of business. He accumulated vast amounts of data on hundreds of companies. In draft after draft, he molded these data into an... View Details

Keywords: by Sean Silverthorne

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2024 Reunion Presentations - Alumni

structure, and are more vulnerable to swings in commodity markets and government policies. Set in December 2023, the case finds TPG considering the future for Monolith, a Rise Climate portfolio company with significant impact potential... View Details

15 Jan 2014
Working Paper Summaries

Redrawing the Lines: Did Political Incumbents Influence Electoral Redistricting in the World’s Largest Democracy?

Keywords: by Lakshmi Iyer & Maya Reddy

16 Jul 2013
First Look

First Look: July 16

worth of a new industry. Analyses of data from multiple sources revealed that framing by early entrepreneurs and the socio-cognitive processes that resulted from the transactions of field-constituents with the new industry constructed the... View Details

Keywords: Anna Secino

02 Jul 2013
First Look

First Look: July 2

Publications 2006 pub Matching Firms, Managers, and Incentives By: Bandiera, Oriana, Luigi Guiso, Andrea Prat, and Raffaella Sadun Abstract—We exploit a unique combination of administrative sources and survey data to study the match... View Details

Keywords: Anna Secino

01 Dec 2020
News

A New Approach to Contact Tracing

“Contact tracing is a 500-year-old solution. It was then, and is now, a matter of using personal data to secure public health. That raises both its promise and its perils, and the leadership task is to navigate the balance.” —PROFESSOR... View Details

Keywords: Jennifer Gillespie; Government

01 Jun 2023
News

The Exchange: The Tech Leader’s Tightrope

were to decide you’re comfortable sharing data with US government authorities, how comfortable are you sharing the data with the government in... View Details

Keywords: Jen McFarland Flint; Government; Government

01 Mar 2025
News

Forward Thinking

private companies that have drastically lowered launch costs while pioneering new technologies. This infusion of competition and innovation has led to an increasingly symbiotic relationship between the government and the commercial space... View Details

Keywords: Alexander Gelfand; Illustrations by Franziska Barczyk; Government; Government

24 Jul 2017
News

Back to School for Big-City Mayors

on July 17, is bringing together 40 mayors, 30 of them from American cities, such as Philadelphia, Baltimore, Phoenix, and Mobile. The concept behind the program is to teach the mayors how to think like a CEO in handling everything from potholes to policing, complete... View Details

Keywords: Executive, Legislative, and Other General Government Support; Executive, Legislative, and Other General Government Support

01 Dec 2001
News

Speaking for the Airlines

When the airlines sought government financial help in the wake of September's terrorist attacks, Delta Airlines chairman and CEO Leo Mullin (MBA '67) emerged as a powerful advocate for the industry, the Los Angeles Times (September 21,... View Details

Keywords: Government; Government; Government; Government

05 Aug 2015
News

Mobilizing the Public to Fight Bribery

citizens, businesses, and the government fight corruption and bribery in the Philippines. Motte-Munoz, who is half-Filipino and half-French, grew up in London, Paris, and Zurich, but spent up to four months each year with his family... View Details

Keywords: Constantine von Hoffman; Executive, Legislative, and Other General Government Support; Executive, Legislative, and Other General Government Support

20 Jan 2015
News

Patient Medical Records, Pocket-sized

health care system. Bushkin’s unassuming item is MedKaz®, a 4-GB flash drive carried on a keychain or in a wallet that can hold a lifetime of medical records, giving patients control over their data and providing a full picture for... View Details

Keywords: Jennifer Myers; Ambulatory Health Care Services; Health, Social Assistance

01 Mar 2006
News

Using IT to Heal U.S. Health Care

2004. Brailer’s mission is to give every American an electronic health-care record by 2014 and to link those records to a national medical data network. “It’s time to put health information technology center stage,” Brailer told some 300... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Health, Social Assistance

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