Publications

SSRN

October 2011
Case

Patricia Gottesman at Crimson Hexagon

By: Lena G. Goldberg and Mary Beth Findlay

After successful capital raises and significant progress in gaining market acceptance of its tools for analyzing public opinion, Crimson Hexagon's CEO prepares to address the company's investors on the question of exit strategy. View Details

Keywords: Corporate Strategy; Strategic Planning; Business and Shareholder Relations; Business and Stakeholder Relations; Policy; Information Industry; Web Services Industry

Find at Harvard

24 Mar 2002
Lessons from the Classroom

Case Study: A Lesson in Private Venture Financing

owners opted for an IPO in March 2000. Valued at 400 million Rand on the Johannesburg Stock Exchange, its shareholders included about 1,000 of the company's security guards. From Ipo To Acquisition "An IPO abroad wasn't... View Details

Keywords: by Julia Hanna

04 Jan 2021
What Do You Think?

How Do We Sustain Organization Diversity?

investors compete for profits—and the competition isn’t fair. In particular, using profits to buy back stock provides immediate (although not as much as many assume) benefits to shareholders. Investments in labor provide much longer-term, albeit more lasting, yields.... View Details

Keywords: by James Heskett

2012
Working Paper

How Short-Termism Invites Corruption—And What to Do About It

By: Malcolm S. Salter

Researchers and business leaders have long decried short-termism: the excessive focus of executives of publicly traded companies-along with fund managers and other investors-on short-term results. The central concern is that short-termism discourages long-term... View Details

Keywords: Business and Shareholder Relations; Public Ownership; Performance Expectations; Economy; Crime and Corruption; Ethics; Trust; Financial Services Industry; United States

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31 Jul 2012
First Look

First Look: July 31

observed corporate accountability reports can be used to determine whether and how those reports create or destroy value for shareholders and other constituencies. Download the paper: http://ssrn.com/abstract=1934322 When Supply-Chain... View Details

Keywords: Carmen Nobel

03 Apr 2007
First Look

First Look: April 3, 2007

Siliconix Shareholders Litigation that a freeze-out executed as a tender offer is not. This paper presents the first systematic empirical evidence on post-Siliconixfreeze-outs. Using a new database of all Delaware freeze-outs executed in... View Details

Keywords: Martha Lagace

August 2018
Case

Tapping Growth at Lord Hobo Brewing Company

By: Ethan Rouen and Susanna Gallani

Lord Hobo Brewing Company accounts for its inventory process as it prepares to create its first set of professional financial statements for investors. View Details

Keywords: Inventory; Start-ups; Craft Brewing; Investing; GAAP; Brand Management; Accounting; Working Capital; Entrepreneurship; Private Equity; Business Startups; Business and Shareholder Relations; Food and Beverage Industry; Boston; New England; United States

November 2020 (Revised April 2021)
Case

Roll-Ups and Surprise Billing: Collisions at the Intersection of Private Equity and Patient Care

By: Trevor Fetter and Kira Seiger

This case describes the increasing investment by private equity (PE) firms in patient care and other healthcare services. The case focuses on investments in physician staffing firms and roll-up strategy investments in physician practice management (PPM). Included in... View Details

May 2021 (Revised June 2021)
Supplement

'GEnron'? Markopolos versus General Electric (B)

By: Jonas Heese and David Lane

Supplement to the (A) case that offers an assessment of the August 2019 Markopolos report on General Electric. View Details

Keywords: Financial Statements; Communication; Energy; Financial Condition; Insurance; Performance; Planning; Business and Shareholder Relations; Risk and Uncertainty; Value; Insurance Industry; Financial Services Industry; Energy Industry

February 2008 (Revised October 2010)
Case

Mellon Financial and The Bank of New York

By: Carliss Y. Baldwin and Ryan Taliaferro

Bob Kelly, the new CEO of Mellon Financial, is considering the terms of a proposed "merger of equals" with The Bank of New York, just before the final Board meeting to approve the deal. The combination offers a great strategic fit, and the expected synergies are large.... View Details

Keywords: Mergers and Acquisitions; Equity; Banks and Banking; Business and Shareholder Relations; Valuation; Banking Industry; Pittsburgh

12 Feb 2008
First Look

First Look: February 12, 2007

by a strong shareholder value imperative ('value-based' ERM), the other corresponding to the demands of the risk-based internal control imperative ('holistic' ERM). The paper explains the differences in the two risk management mixes... View Details

Keywords: Martha Lagace

17 Jul 2012
First Look

First Look: July 17

institutional theory, managers, and policymakers. What Good Are Shareholders? Authors:Justin Fox and Jay W. Lorsch Publication:Harvard Business Review 90, nos. 7-8 (July-August 2012) Abstract The article looks at the role outside View Details

Keywords: Sean Silverthorne

February 2001
Case

California PERS (B)

By: Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick

The largest state pension fund continues the evolution of its approach to corporate governance contemplating "relationship investing" and other new approaches. View Details

Keywords: Investment; Corporate Governance; Financial Management; Asset Management; Business and Shareholder Relations; Investment Funds; Financial Services Industry; California

February 1991 (Revised June 1991)
Case

Raymond Jackson (A)

By: Jay W. Lorsch

Professor Jackson is offered a spot on the slate of directors that Harold Simmons, Lockheed's largest shareholder, has nominated for Lockheed's board to oppose the slate nominated by Lockheed in the Spring, 1990 elections. Jackson must decide whether to join Simmons'... View Details

Keywords: Business and Shareholder Relations; Corporate Governance; Decisions; Voting; Governing and Advisory Boards; Alliances