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  • All HBS Web  (1,145)
    • People  (3)
    • News  (217)
    • Research  (672)
    • Events  (3)
    • Multimedia  (5)
  • Faculty Publications  (423)
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  • 2021
  • Working Paper

Public Disclosure of Private Meetings: Does Observing Peers' Information Acquisition Affect Analysts' Attention Allocation?

By: Yi Ru, Ronghuo Zheng and Yuan Zou
We investigate the impact of observing peers’ information acquisition on financial analysts’ attention allocation. Using the timely disclosure mandate by the Shenzhen Stock Exchange as a setting, we find that, when analysts can observe that a firm is visited by other... View Details
Keywords: Attention Allocation; Informational Efficiency; Corporate Site Visits; Externalities; Information; Acquisition; Corporate Disclosure; Outcome or Result
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Ru, Yi, Ronghuo Zheng, and Yuan Zou. "Public Disclosure of Private Meetings: Does Observing Peers' Information Acquisition Affect Analysts' Attention Allocation?" Harvard Business School Working Paper, No. 22-064, July 2021.
  • February 2004 (Revised April 2004)
  • Case

Great Atlantic & Pacific Tea Company, Inc., The

By: David F. Hawkins and Jacob Cohen
Analysts believe bankruptcy is a distinct possibility for A&P in the future. The company believes otherwise. View Details
Keywords: Forecasting and Prediction; Insolvency and Bankruptcy; Consumer Products Industry; Food and Beverage Industry
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Hawkins, David F., and Jacob Cohen. "Great Atlantic & Pacific Tea Company, Inc., The." Harvard Business School Case 104-070, February 2004. (Revised April 2004.)
  • January 2011 (Revised July 2011)
  • Supplement

Caterpillar, Inc. (B)

By: David F. Hawkins
Analyst must identify role of management and actuarial judgment in measuring corporate post employment benefit obligations and assets. View Details
Keywords: Accounting; Compensation and Benefits; Resignation and Termination; Manufacturing Industry; Mining Industry; Consumer Products Industry
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Hawkins, David F. "Caterpillar, Inc. (B)." Harvard Business School Supplement 111-032, January 2011. (Revised July 2011.)
  • February 2005 (Revised December 2012)
  • Background Note

Assessing Accounting Risk

By: David F. Hawkins
Describes a framework that financial analysts can use to assess the likelihood of accounting misstatements in financial statements. View Details
Keywords: Risk Management; Framework; Financial Statements
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Hawkins, David F. "Assessing Accounting Risk." Harvard Business School Background Note 105-054, February 2005. (Revised December 2012.)
  • April 1994 (Revised June 1994)
  • Supplement

Kendall Square Research Corporation (B1)

By: William J. Bruns Jr.
Presents a summary of analyst and newspaper reports of events. Designed as an in-class handout. View Details
Keywords: Manufacturing Industry
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Bruns, William J., Jr. "Kendall Square Research Corporation (B1)." Harvard Business School Supplement 194-069, April 1994. (Revised June 1994.)
  • 19 May 2015
  • First Look

First Look: May 19

decreased volatility of supply shocks and increased volatility of the Fed's long-run inflation target. Endogenous responses of bond risk premia amplify these effects of monetary policy on bond risks. Download working paper: http://ssrn.com/abstract=2332106 Career... View Details
Keywords: Sean Silverthorne
  • February 2011 (Revised September 2011)
  • Supplement

Accounting for Catastrophes: BP PLC and Union Carbide Corporation (C)

By: David F. Hawkins and Namrata Arora
An analyst in 2010 is using the Bhopal catastrophe to illustrate proposed new accounting for contingency losses. View Details
Keywords: Accounting; Natural Disasters; Pollutants
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Hawkins, David F., and Namrata Arora. "Accounting for Catastrophes: BP PLC and Union Carbide Corporation (C)." Harvard Business School Supplement 111-075, February 2011. (Revised September 2011.)
  • February 1993 (Revised June 2011)
  • Case

David Fletcher

By: Linda A. Hill and Melinda B. Conrad
David Fletcher, manager of the Emerging Growth Fund at a New York investment management firm, decides to assemble a team of analysts to which he can delegate part of his workload. The case explores the challenges of being a producing manager and Fletcher's efforts to... View Details
Keywords: Problems and Challenges; Groups and Teams; Management Teams; Investment Funds; Management Style; Selection and Staffing; Financial Services Industry; New York (city, NY)
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Hill, Linda A., and Melinda B. Conrad. "David Fletcher." Harvard Business School Case 493-064, February 1993. (Revised June 2011.)
  • Research Summary

Dawn Matsumoto's research investigates managers' financial reporting decisions including the incentives driving these decisions and the impact of these decisions on capital market participants. She is interested in the role of financial intermediaries (such as... View Details
  • June 1986
  • Case

Premier Furniture Co.

By: Thomas R. Piper
A credit analyst for a furniture manufacturer is confronted with two customers who have exceeded their credit limits. The financial performance of each has been weak, and one of the customers has a highly leveraged balance sheet. Industry conditions are weak; the... View Details
Keywords: Cost vs Benefits; Financial Statements; Credit; Sales; Manufacturing Industry
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Piper, Thomas R. "Premier Furniture Co." Harvard Business School Case 286-130, June 1986.
  • November 2010 (Revised December 2010)
  • Case

Electro, Inc.

By: David F. Hawkins
CFO of U.S. company preparing for U.K. analyst meetings reviews his company's 2008 earnings per share calculations. View Details
Keywords: Business Earnings; Financial Reporting; International Accounting; Standards; United Kingdom; United States
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Hawkins, David F. "Electro, Inc." Harvard Business School Case 111-058, November 2010. (Revised December 2010.)
  • June 1994 (Revised June 1994)
  • Supplement

Kendall Square Research Corporation (B2)

By: William J. Bruns Jr.
Presents a summary of analyst and newspaper reports of events. Designed as an in-class handout. An abridged version of the (B1) case. View Details
Keywords: Manufacturing Industry
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Bruns, William J., Jr. "Kendall Square Research Corporation (B2)." Harvard Business School Supplement 194-133, June 1994. (Revised June 1994.)
  • June 2011 (Revised January 2013)
  • Case

Oddo Securities―ESG Integration

By: Paul M. Healy
The case describes the process of integrating environmental, social, and governance issues into valuation models and research analyst recommendations. View Details
Keywords: Financial Strategy; Mathematical Methods; Integration; Valuation; Environmental Sustainability; Social Issues; Governance Controls; Investment
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Serafeim, George, Paul M. Healy, and Aldo Sesia. "Oddo Securities―ESG Integration." Harvard Business School Case 111-085, June 2011. (Revised January 2013.)
  • January 1994 (Revised April 1994)
  • Background Note

Intangible Assets Other Than Goodwill

By: David F. Hawkins
Discusses global accounting policies for intangible assets other than goodwill. How financial analysts deal with the diversity in these practices is also covered. View Details
Keywords: Assets
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Hawkins, David F. "Intangible Assets Other Than Goodwill." Harvard Business School Background Note 194-077, January 1994. (Revised April 1994.)
  • Article

Can They Take It with Them? The Portability of Star Knowledge Workers' Performance: Myth or Reality

By: Boris Groysberg, Linda-Eling Lee and Ashish Nanda
This paper examines the portability of star security analysts' performance. Star analysts who switched employers experienced an immediate decline in performance that persisted for at least five years. This decline was most pronounced among star analysts who moved to... View Details
Keywords: Firm Performance; Hiring; Employee Selection; Employee Retention; Knowledge; Employees; Selection and Staffing; Retention; Performance; Competitive Advantage; Financial Services Industry
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Groysberg, Boris, Linda-Eling Lee, and Ashish Nanda. "Can They Take It with Them? The Portability of Star Knowledge Workers' Performance: Myth or Reality." Management Science 54, no. 7 (July 2008): 1213–1230.
  • January 2011 (Revised July 2011)
  • Case

Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants

By: David F. Hawkins
Analyst questions the value of accounting measurement of earnings per share and stock option costs for equity valuation purposes. View Details
Keywords: Earnings Management; Business Earnings; Employee Stock Ownership Plan; Stock Shares; Employee Ownership; Stock Options; Equity; Accounting Audits; Valuation; Profit Sharing; Accounting Industry
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Hawkins, David F. "Elizabeth Jacobs: Price-Earnings Ratios and Employee Stock Option Grants." Harvard Business School Case 111-087, January 2011. (Revised July 2011.)
  • March 2001 (Revised April 2001)
  • Case

General Electric 2000: Quality of Earnings Assessment

By: David F. Hawkins
A financial analyst reviews General Electric's financial reports to learn more about U.S. Generally Accepted Accounting Principles (GAAP) and how they differs from international accounting standards. View Details
Keywords: Financial Reporting; Financial Statements; Accounting Audits; International Accounting; Consumer Products Industry; Technology Industry; United States
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Hawkins, David F. "General Electric 2000: Quality of Earnings Assessment." Harvard Business School Case 101-091, March 2001. (Revised April 2001.)
  • 2008
  • Working Paper

Hiring Cheerleaders: Board Appointments of 'Independent' Directors

By: Lauren Cohen, Andrea Frazzini and Christopher J. Malloy
We test the hypothesis that firms appoint independent directors who are overly sympathetic to management, while still technically independent according to regulatory definitions. We explore a subset of independent directors for whom we have detailed, micro-level data... View Details
Keywords: Competency and Skills; Governing Rules, Regulations, and Reforms; Governing and Advisory Boards; Managerial Roles; Prejudice and Bias
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Cohen, Lauren, Andrea Frazzini, and Christopher J. Malloy. "Hiring Cheerleaders: Board Appointments of 'Independent' Directors." NBER Working Paper Series, No. 14232, August 2008.
  • February 2023
  • Teaching Note

Bear to Bull? An Analyst’s Journey with Netflix

By: Aiyesha Dey and Joseph Pacelli
Teaching Note for HBS Case No. 123-001. Wedbush Securities analyst Michael Pachter said “hell freezing over” was more likely than him upgrading the “sell” rating he had maintained on movie and television streaming giant Netflix since 2011, despite meteoric subscriber... View Details
Keywords: Equity; Analysis; Stock Shares
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Dey, Aiyesha, and Joseph Pacelli. "Bear to Bull? An Analyst’s Journey with Netflix." Harvard Business School Teaching Note 123-072, February 2023.
  • April 2004 (Revised April 2011)
  • Case

Enron Corporation: May 6, 2001 Sell Recommendation

By: David F. Hawkins and Jacob Cohen
A consulting firm to institutional investors recommends selling Enron Corp.'s equity short on May 6, 2001, while many sellside analysts are recommending the stock as a "buy." View Details
Keywords: Judgments; Financial Reporting; Investment; Competency and Skills; Financial Statements; Consulting Industry
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Hawkins, David F., and Jacob Cohen. "Enron Corporation: May 6, 2001 Sell Recommendation." Harvard Business School Case 104-075, April 2004. (Revised April 2011.)
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