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  • All HBS Web  (5,572)
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  • All HBS Web  (5,572)
    • People  (26)
    • News  (1,289)
    • Research  (3,129)
    • Events  (27)
    • Multimedia  (51)
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  • 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
Citation
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Salter, Malcolm S. "How Short-Termism Invites Corruption—And What to Do About It." Harvard Business School Working Paper, No. 12-094, April 2012.

    David B. Yoffie

    Professor David B. Yoffie is the Max and Doris Starr Professor of International Business Administration at Harvard Business School. A member of the HBS faculty since 1981, Professor Yoffie received his Bachelor's degree summa cum laude and Phi Beta... View Details

    Keywords: communications; computer; e-commerce industry; electronics; financial services; information; information technology industry; internet; retail financial services; semiconductor; soft drink; telecommunications; video games
    • 2011
    • Chapter

    Toward a Three-Tier Market for U.S. Home Mortgages

    By: Robert C. Pozen
    This chapter analyzes the various forms of federal programs to support home mortgages–both government-insured mortgages and privately issued mortgages purchased by Fannie Mae or Freddie Mac. It argues that there will be a third tier of home mortgages created by the... View Details
    Keywords: Law; Mortgages
    Citation
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    Pozen, Robert C. "Toward a Three-Tier Market for U.S. Home Mortgages." Chap. 3 in The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market, edited by Martin Neil Baily, 26–65. Brookings Institution Press, 2011.
    • August 2003 (Revised September 2008)
    • Background Note

    Note on Financing of the U.S. Health Care Sector

    By: Regina E. Herzlinger and Jeff Grahling
    This course describes the public and private sources of financing of the U.S. health-care sector,and identifies the characteristics of insurance policies, their costs, the structure of the insurance industry, and the role of consultants and brokers. The insurance... View Details
    Keywords: Economic Sectors; Financing and Loans; Insurance; Industry Structures; Health Industry; Insurance Industry; United States
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    Herzlinger, Regina E., and Jeff Grahling. "Note on Financing of the U.S. Health Care Sector." Harvard Business School Background Note 304-039, August 2003. (Revised September 2008.)
    • 26 Mar 2020
    • News

    Coronavirus Pandemic Could Elevate ESG Factors

    • September 19, 2019
    • Article

    Walmart CEO’s Decision on Guns Is the Kind of Corporate Courage We Need

    By: Rosabeth Moss Kanter
    Corporate courage is in short supply. CEOs generally avoid controversial public issues lest disgruntled groups strike back. That’s why Walmart’s actions to limit ammunition sales and advocate for new gun safety legislation mark a significant milestone. CEO Doug... View Details
    Keywords: Gun Policy; Gun Violence; Social Issues; Corporate Social Responsibility and Impact; Leadership; Change; Policy
    Citation
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    Kanter, Rosabeth Moss. "Walmart CEO’s Decision on Guns Is the Kind of Corporate Courage We Need." CNN.com (September 19, 2019).
    • December 2011 (Revised December 2011)
    • Case

    Cancer Treatment Centers of America: Scaling the Mother Standard of Care

    By: Rosabeth Moss Kanter and Matthew Bird
    The CEO of a private and growing national network of specialty care hospitals focusing on advanced-stage and complex cancer treatments reflected on the firm's past phase of growth before meeting with the company's Chairman and founder to discuss how to further scale... View Details
    Keywords: Health Care and Treatment; Business Growth and Maturation; Medical Specialties; Service Delivery; Innovation and Invention; Health Industry
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    Kanter, Rosabeth Moss, and Matthew Bird. "Cancer Treatment Centers of America: Scaling the Mother Standard of Care." Harvard Business School Case 312-073, December 2011. (Revised December 2011.)
    • 22 Feb 2013
    • News

    Mindful of Bubbles in a Boom for Deals

    • 11 Mar 2018
    • News

    SoftBank Looks to Invade Wall Street’s Turf

    • 23 Oct 2012
    • First Look

    First Look: October 23

    of social connection is an important innovation likely underlying this distinctively human capacity to create large-scale social coordination and cohesion. Read the paper: http://onlinelibrary.wiley.com/doi/10.1111/j.1751-9004.2012.00450.x/abstract   Working... View Details
    Keywords: Sean Silverthorne
    • 17 Jul 2017
    • Working Paper Summaries

    The Relevance of Broker Networks for Information Diffusion in the Stock Market

    Keywords: by Marco Di Maggio, Francesco Franzoni, Amir Kermani, and Carlo Sommavilla
    • February 2003 (Revised March 2003)
    • Case

    Large Scale Change at The WSSC

    By: Amy C. Edmondson and Corey B. Hajim
    Describes the organizational transformation occurring at the Washington Suburban Sanitary Commission (WSSC), a public utility. Faced with the possibility of privatization after decades of providing service in the absence of competition or performance pressures, the... View Details
    Keywords: Organizational Change and Adaptation; Mission and Purpose; Change Management; Restructuring; Privatization; Resignation and Termination; Utilities Industry
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    Edmondson, Amy C., and Corey B. Hajim. "Large Scale Change at The WSSC." Harvard Business School Case 603-056, February 2003. (Revised March 2003.)
    • November 2023 (Revised January 2024)
    • Case

    Votorantim: Uniting Family and Business Across Generations

    By: Christina R. Wing, Carla Larangeira and Pedro Levindo
    Over a 105-year span, the Ermírio de Moraes family built Votorantim, one of Latin America’s largest industrial conglomerates, and among Brazil’s topmost businesses, also credited for helping “build” the country over decades. By early 2023, Votorantim included... View Details
    Keywords: Corporate Governance; Family Ownership; Business and Shareholder Relations; Family and Family Relationships; Agriculture and Agribusiness Industry; Chemical Industry; Mining Industry; Financial Services Industry; Latin America
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    Wing, Christina R., Carla Larangeira, and Pedro Levindo. "Votorantim: Uniting Family and Business Across Generations." Harvard Business School Case 624-050, November 2023. (Revised January 2024.)
    • October 2012 (Revised February 2013)
    • Case

    Innova Capital: The Transition

    By: Josh Lerner and Ann Leamon
    The partners at Innova Capital, a leading mid-market private equity investor in Poland, must negotiate a transition of power between the two ex-patriate founders and three talented young Polish partners. If they fail to find an accomodation, the entire firm will... View Details
    Keywords: Firm Structure; Career Management; Emerging Market; Succession; Entrepreneurship; Private Equity; Venture Capital; Negotiation; Investment; Restructuring; Transition
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    Lerner, Josh, and Ann Leamon. "Innova Capital: The Transition." Harvard Business School Case 813-064, October 2012. (Revised February 2013.)
    • 2004
    • Working Paper

    Are Perks Purely Managerial Excess?

    By: Raghuram G. Rajan and Julie Wulf
    Why do some firms tend to offer executives a variety of perks while others offer none at all? A widespread view in the corporate finance literature is that executive perks are a form of agency or private benefit and a way for managers to misappropriate some of the... View Details
    Keywords: Motivation and Incentives; Performance Productivity; Executive Compensation; Corporate Finance
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    Rajan, Raghuram G., and Julie Wulf. "Are Perks Purely Managerial Excess?" NBER Working Paper Series, No. 10494, May 2004. (Published in Journal of Financial Economics 2006.)
    • Article

    Spontaneous Deregulation: How to Compete with Platforms That Ignore the Rules

    By: Benjamin Edelman and Damien Geradin
    Many successful platform businesses—think Airbnb, Uber, and YouTube—ignore laws and regulations that appear to preclude their approach. The rule-flouting phenomenon is something we call "spontaneous private deregulation," and it is not new. Benign or otherwise,... View Details
    Keywords: Regulation; Deregulation; Innovation And Strategy; Innovation Strategy; Laws and Statutes; Transportation Industry; Accommodations Industry; Entertainment and Recreation Industry; Media and Broadcasting Industry
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    Edelman, Benjamin, and Damien Geradin. "Spontaneous Deregulation: How to Compete with Platforms That Ignore the Rules." Harvard Business Review 94, no. 4 (April 2016): 80–87.
    • April 1995 (Revised December 2006)
    • Case

    Identify the Nonprofit

    By: Regina E. Herzlinger and Ramona Hilgenkamp
    This case presents financial statements and selected ratios for seven unidentified nonprofit organizations and asks that each set of financial information be matched with one of the following nonprofit entities: a public television station, a suburban hospital, a... View Details
    Keywords: Nonprofit Organizations; Financial Statements
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    Herzlinger, Regina E., and Ramona Hilgenkamp. "Identify the Nonprofit." Harvard Business School Case 195-215, April 1995. (Revised December 2006.)
    • 26 Mar 2015
    • News

    A wake-up call for tomorrow's top 1 percent: rebuild America's middle class

    • 11 Mar 2022
    • News

    Professors Josh Lerner and Shai Bernstein: Complexity

    • April 2021
    • Case

    Etsy: Crafting a Turnaround to Save the Business and Its Soul

    By: Ranjay Gulati, Luciana Silvestri and Monte Burke
    Etsy, the online seller of handmade goods, was founded in 2005 on an almost utopian ideal—a responsible, caring company that offered individual crafters a place to sell their wares, a wholesome alternative to companies that sold mass-manufactured products. The company... View Details
    Keywords: Turnaround; Organizational Culture; Financial Condition; Organizational Change and Adaptation; Mission and Purpose; Transformation; Leadership
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    Gulati, Ranjay, Luciana Silvestri, and Monte Burke. "Etsy: Crafting a Turnaround to Save the Business and Its Soul." Harvard Business School Case 821-092, April 2021.
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