Publications

06 Jan 2003
Research & Ideas

Why Expensing Options Doesn’t Solve the Problem

company to transfer assets and liabilities to certain so-called special purpose entities (SPEs). According to the Powers report, which was published by a special committee of Enron's board after the company entered bankruptcy protection... View Details

Keywords: by William Sahlman

23 Aug 2004
Research & Ideas

Strategy for Small Fish

constraints of vertical integration. As with IDe or deNovis, they create system solutions by combining their specialized assets with complementary products and platforms provided by other niche players and keystones. They embrace the... View Details

Keywords: by Marco Iansiti & Roy Levien

October 2024
Teaching Note

El Salvador: Launching Bitcoin as Legal Tender

By: Laura Alfaro

Teaching Note for HBS Case No. 322-055. In June 2021, Nayib Bukele, El Salvador’s president, surprised the world with the announcement that the country would adopt bitcoin as legal tender, becoming the first nation to do so. Bitcoin was mostly used for trading and had... View Details

Keywords: Bitcoin; Cryptocurrency; Currency; Financial Strategy; Economic Growth; Governance; Macroeconomics; Assets; Government Administration; Latin America; El Salvador

25 Sep 2015
Working Paper Summaries

Invest in Information or Wing It? A Model of Dynamic Pricing with Seller Learning

Keywords: by Huang Guofang, Hong Luo & Jing Xia; Auto

April 2013 (Revised March 2014)
Case

Value Partners and the Evergrande Situation

By: Paul Healy and Keith Chi-ho Wong

In June 2012, Cheah Cheng-Hye and his colleagues at Value Partners, a Hong-Kong-based investment firm, received a copy of a short-seller report alleging that Evergrande, one of China's largest property developers, was using fraudulent accounting and paying bribes to... View Details

Keywords: Financial Analysis; Value Investing; China; Asset Management; Crime and Corruption; Financial Services Industry; China

October 1995
Article

New Trading Practices and Short-Run Market Efficiency

By: Kenneth A. Froot and André Perold

Keywords: Institutional Investing; Market Efficiency; Behavioral Finance; Equities; Stock Market; Indexing; Financial Markets; Asset Pricing

Find at Harvard

July 1978
Teaching Note

Walton Instruments--1970, Teaching Note

By: Robert H. Hayes and Steven C. Wheelwright

Keywords: Asset Management; Production; Quality

April 2010 (Revised September 2011)
Case

Supply Chain Partners: Virginia Mason and Owens & Minor (A) (Abridged)

By: V.G. Narayanan and Lisa Brem

Owens & Minor (O&M) performed lean inventory services for Virginia Mason (VM) as its Alpha Vendor, but the outdated industry pricing model created perverse incentives and could not capture O&M's costs. Together, O&M and VM created an activity-based pricing model: Total... View Details

Keywords: Supply Chain Management; Partners and Partnerships; Activity Based Costing and Management; Business Model; Non-Governmental Organizations; Nonprofit Organizations; Motivation and Incentives; Asset Pricing; Cost Accounting; Fair Value Accounting; Medical Devices and Supplies Industry

30 Jun 2003
Research & Ideas

Computer Security is For Managers, Too

digital assets are (they're not always obvious). A team of senior managers from across the company should take an inventory of data and systems, assess how valuable each is to the company, and decide how much risk the company can absorb... View Details

Keywords: by Robert D. Austin & Christopher A.R. Darby

06 Feb 2007
First Look

First Look: February 6, 2007

inventors. Download the paper: http://www.hbs.edu/research/pdf/07-042.pdf Electronic Hierarchies and Electronic Heterarchies: Relationship-Specific Assets and the Governance of Interfirm IT Authors:Andrew McAfee, Marco Bettiol, and Maria... View Details

Keywords: Martha Lagace

02 Mar 2015
Research & Ideas

Retail Reaches a Tipping Point—Which Stores Will Survive?

competitors under a framework the authors term TIPS, for technology, inventory, people, and space (size, location, and ambiance). These are the four major assets that retailers must use effectively and efficiently to create a compelling... View Details

Keywords: by Sean Silverthorne; Retail

28 Aug 2017
Research & Ideas

Should Industry Competitors Cooperate More to Solve World Problems?

horizon and a significant common ownership of companies within the same industry or supply chain. Two types of investors satisfy both criteria. First, large, mostly passive asset managers such as BlackRock, State Street, and Vanguard.... View Details

Keywords: by Sean Silverthorne; Financial Services; Manufacturing; Agriculture & Agribusiness; Mining

16 Feb 2021
Research & Ideas

To Fight Climate Change, Should Green Investors Reconsider Big Oil?

Administration at Harvard Business School. “This is technology that's going to help us to abate these issues around energy and climate, and it's the best technology in that space.” The spectacular rise of sustainable investing Almost 33 percent of the $51.4 trillion in... View Details

Keywords: by Kristen Senz; Energy

01 Mar 2018
What Do You Think?

Two Decades Later, is the 'New Economy' Finally Here?

featuring less product-centered and more information-centered economic activity.” It highlighted opinions at the time that “Growing ratios of market-to-book value that resulting stock prices produce can be justified as the monetization of valuable information View Details

Keywords: by James Heskett

20 Feb 2013
Research & Ideas

Big Deal: Reflections on the Megamerger of American and US Airways

petition for Chapter 11 and becomes a "debtor in possession" (DIP), its assets and operations are protected by the "automatic stay," a legal injunction that prevents secured creditors from seizing their collateral—and... View Details

Keywords: Re: Rosabeth M. Kanter & Stuart C. Gilson; Air Transportation

September 1992
Article

Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation

By: Kenneth Froot, David S. Scharfstein and Jeremy Stein

Keywords: Rational Expectations; Asset Pricing; Behavioral Finance

Read Now

January 1992
Article

On 'Offers That Cannot Be Refused'

By: James K. Sebenius

Keywords: Assets

June 1992 (Revised June 1995)
Case

RJR Nabisco Holdings Capital Corp.--1991

By: Peter Tufano

An investment manager notices a large apparent discrepancy in the prices of two nearly-identical bonds issued in conjunction with a major leveraged buyout. The manager must figure out whether the instruments are mispriced relative to one another, and if so, how to... View Details

Keywords: Asset Management; Financial Instruments