Publications

02 Jan 2018
First Look

First Look at New Research and Ideas, January 3, 2018

in U.S. politics: CEOs are taking very public stands on thorny political issues that have nothing to do with their firms’ bottom lines. Business leaders like Tim Cook of Apple, Howard Schultz of Starbucks, and Marc Benioff of... View Details

Keywords: Sean Silverthorne

Web

Research Design - Impact Investments

markets investments where standardized disclosures can be obtained through public filings, information on these private companies’ finances is limited. Given the size and expected growth of the impact... View Details

13 Nov 2018
First Look

New Research and Ideas, November 13, 2018

forthcoming Journal of Finance Brokers and Order Flow Leakage: Evidence from Fire Sales By: Barbon, Andrea, Marco Di Maggio, Francesco Franzoni, and Augustin Landier Abstract—Using trade-level data, we study whether brokers play a role in... View Details

Keywords: Dina Gerdeman

07 Aug 2007
First Look

First Look: August 7, 2007

Technologies (B) Harvard Business School Supplement 407-093 Supplements the (A) case. Purchase this supplement: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=407093 JetBlue: Prepare for Financing Harvard Business School... View Details

Keywords: Martha Lagace

05 Dec 2017
First Look

First Look at New Research and Ideas, December 5, 2017

identified in the education and skill system, labor market incentives and flexibility, the ability to translate R&D outcomes into economic value creation, and in preparing the economy for the new realities of globalization. Maybe most worryingly, it finds that... View Details

Keywords: Sean Silverthorne

September 2001 (Revised July 2009)
Case

Buenos Aires Embotelladora S.A. (BAESA): A South American Restructuring

By: Stuart C. Gilson and Gustavo A. Herrero

In 1998, BAESA, PepsiCo's largest bottler and distributor outside North America, experienced severe financial difficulty and had to restructure its debt and business operations to avoid bankruptcy or liquidation. Based in Argentina, with operations throughout South... View Details

Keywords: Restructuring; Borrowing and Debt; Insolvency and Bankruptcy; Bonds; Stocks; Multinational Firms and Management; Laws and Statutes; United States; Argentina; Brazil

26 Jan 2016
First Look

January 26, 2016

Cagé, and William R. Kerr Abstract—We build an endogenous growth model to analyze the relationships between taxation, corruption, and economic growth. Entrepreneurs lie at the center of the model and face disincentive effects from taxation but acquire positive benefits... View Details

Keywords: Sean Silverthorne

23 May 2018
News

Carla A. Harris, MBA 1987

struck a chord with Harris, who has spent much of her life exemplifying his advice. During her three decades at Morgan Stanley, for example, she has led numerous initiatives focused on women and minorities and mentored hundreds of associates. As a sought-after View Details

Keywords: Susan Young

March 2009 (Revised April 2011)
Course Overview Note

Growing, Financing, and Managing Family and Closely Held Firms: Overview of the Course

By: Belen Villalonga

Most companies around the world are controlled by their founding families, including more than half of all public corporations in the U.S. and Europe and more than two thirds of those in Asia. These companies are the subject of the Financial Management of Family and... View Details

Keywords: Family Business; Financial Management; Corporate Governance; Governing and Advisory Boards; Family Ownership; Business and Stakeholder Relations; Valuation

01 Jan 2012
News

E. Roe Stamps IV, MBA 1974

the most respected firms in the industry. Focused on long-term value, the group has invested in more than 350 growing businesses and completed more than 125 public offerings. Since stepping down from day-to-day operations at Summit,... View Details

January 2023
Case

Thomas Buberl: Refounding AXA

By: Hubert Joly, Mihir Desai and Amram Migdal

In 2022, AXA and its CEO Thomas Buberl faced new types of challenges, including systemic risks such as climate change, geopolitical instability, public health crises, and social tensions caused by economic risks. AXA was one of the world’s largest insurers. Since... View Details

27 Apr 2021
Research & Ideas

IPO or M&A? How Venture Capital Shapes a Startup's Future

startup’s vision or step back altogether after a larger company takes possession. In 144 of these transactions, the deal effectively closed a failing business. Another 2.9 percent of the companies examined, or 317 ventures, went public... View Details

Keywords: by Rachel Layne

05 May 2020
Research & Ideas

China Tariffs and Coronavirus a Double Hit to American Retailers

Evidence from U.S. Trade Policy, accepted for publication by American Economic Review: Insights. It was co-authored by Gita Gopinath of Harvard University and the International Monetary Fund; Brent Neiman of the University of Chicago; and... View Details

Keywords: by Michael Blanding

December 2012
Case

Trouble Brewing for Green Mountain Coffee Roasters

By: Suraj Srinivasan and Michael Norris

In October 2011, noted hedge fund manager David Einhorn of Greenlight Capital delivered a presentation at an investors' conference analyzing the business and accounting quality weaknesses of Green Mountain Coffee Roasters. Until then Green Mountain had exhibited rapid... View Details

31 Jan 2023
Op-Ed

Can Insurance Technology Solve the Uninsured Driver Problem?

Unit at Harvard Business School. He studies the causes of financial distress among American households and how technology, private markets, and public policy can reduce those risks. You Might Also Like: Why Cutting Jobless Aid Isn't the... View Details

Keywords: by Ray Kluender; Insurance

03 Mar 2009
First Look

First Look: March 3, 2009

Public Interest: Roche & Tamiflu Harvard Business School Case 609-061 The case focuses on the challenges of Roche maintaining a supply network for a global influenza pandemic response initiative based on its antiviral drug Tamiflu.... View Details

Keywords: Martha Lagace

2024
Working Paper

Hidden Alpha

By: Manuel Amman, Alexander Cochardt, Lauren Cohen and Stephan Heller

This paper documents the central role of hidden connections between fund managers and firm officers in financial markets, drawing on an extensive dataset of over 100 thousand manually identified Facebook profiles and their 35 million Facebook friends. Our findings... View Details

Keywords: Returns; Investment Return; Networks

Read Now

July–August 2016
Article

How to Pay for Health Care

By: Michael E. Porter and Robert S. Kaplan

The United States stands at a crossroads in how to pay for health care. Fee for service, the dominant model in the United States and many other countries, is now widely recognized as perhaps the biggest obstacle to improving health care delivery. A battle is currently... View Details

Keywords: Health Care and Treatment; Finance; Health Industry; United States