Publications

2011
Working Paper

Fiduciary Duties and Equity-Debtholder Conflicts

By: Bo Becker and Per Stromberg

We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state.... View Details

Keywords: Borrowing and Debt; Capital Structure; Equity; Insolvency and Bankruptcy; Governing Rules, Regulations, and Reforms; Laws and Statutes; Conflict and Resolution; Welfare or Wellbeing; Delaware

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December 2006 (Revised January 2008)
Case

ViaGen: Revolutionizing the Livestock Industry

By: David E. Bell, Reed Martin and Mary L. Shelman

ViaGen has invested heavily to develop cloning technology for the livestock industry. Cloning has the potential to significantly improve the genetics of livestock, leading to higher quality meat, healthier animals, and more efficient production. Since 2003, the firm... View Details

Keywords: Animal-Based Agribusiness; Business Plan; Governing Rules, Regulations, and Reforms; Marketing Communications; Industry Structures; Business and Government Relations; Genetics; Commercialization; Agriculture and Agribusiness Industry; Biotechnology Industry

26 Sep 2013
Research & Ideas

Behind India’s Economic and Political Woes

portfolio—like in nature and somewhat footloose and fancy-free. Q: What are some of the causes of the decline that are specific to India? A: Due to large-scale economic liberalization since 1991, India has had a nice long run of reforms... View Details

Keywords: by Zeenat Potia

02 Jul 2001
Research & Ideas

Ray A. Goldberg

issues," he beams, "from land reform in Mexico to the development of the genetically modified tomato." "The genetic research revolution is changing our global economy and society more dramatically than any other single... View Details

Keywords: by Staff; Agriculture & Agribusiness

01 Apr 2000
News

Q & A: A Conversation with IRS Chief Charles Rossotti

customers. To me, it seemed like a very interesting challenge. How do you view your mandate as commissioner? There is one overriding mandate emerging from the IRS Restructuring and Reform Act of 1998: we've got to rewin the confidence of... View Details

Keywords: Garry Emmons

18 Jun 2020
Working Paper Summaries

The Rise of the Investor State: State Capital in the Chinese Economy

Keywords: by Hao Chen and Meg Rithmire

Article

Do the Right Firms Survive Bankruptcy?

By: Samuel Antill

In U.S. Chapter 11 bankruptcy cases, firms are either reorganized, acquired, or liquidated. I show that decisions to liquidate often reduce creditor recovery, costing creditors billions of dollars every year. I exploit the within-district random assignment of... View Details

Keywords: Bankruptcy; Bankruptcy Reorganization; Recovery Rate; Structural Estimation; Roy Model; 363 Sales; Insolvency and Bankruptcy; Governing Rules, Regulations, and Reforms

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2019
Working Paper

The Impact of the General Data Protection Regulation on Internet Interconnection

By: Ran Zhuo, Bradley Huffaker, KC Claffy and Shane Greenstein

The Internet comprises thousands of independently operated networks, where bilaterally negotiated interconnection agreements determine the flow of data between networks. The European Union’s General Data Protection Regulation (GDPR) imposes strict restrictions on... View Details

Keywords: Personal Data; Privacy Regulation; GDPR; Interconnection Agreements; Internet and the Web; Governing Rules, Regulations, and Reforms; European Union

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June 2019
Case

Fangda Partners: A Step Ahead

By: Ashish Nanda and Lisa Rohrer

Elite Chinese law firm Fangda Partners has steered Alibaba and other Chinese and international clients through the complex legal, corporate, and regulatory challenges associated with executing international transactions. “Fangda has traveled a long distance in a short... View Details

Keywords: Law Firm; Law Firms; Growth; Legal Industry; Regulation; Professional Services; Law; Leadership; Growth and Development; Strategy; Governing Rules, Regulations, and Reforms; Legal Services Industry; China

August 2011
Teaching Note

Lessons Learned? Brooksley Born & the OTC Derivatives Market (TN) (A) and (B)

By: Clayton Rose and Sally Canter Ganzfried

Teaching Note for 311-044 and 311-070. View Details

Keywords: Governing Rules, Regulations, and Reforms; Trade; Financial Crisis; Markets

November 2010 (Revised January 2011)
Supplement

DoubleClick, Inc.: Accumulated Other Comprehensive Income

By: David F. Hawkins

FASB and IASB proposal to require comprehensive income statements. View Details

Keywords: Business Earnings; Financial Statements; Governing Rules, Regulations, and Reforms

01 Dec 2004
News

Poverty and Security

At the IMF and World Bank Group annual meetings in October, World Bank president James Wolfensohn (MBA ’59) declared that along with its fight against terror, the global community must also address the longer-term issues of “poverty, frustration, and lack of hope” that... View Details

Keywords: IMF and World Bank Group; Administration of Economic Programs; Government

06 Nov 2006
Research & Ideas

How South Africa Challenges Our Thinking on FDI

More than one decade after the fall of apartheid, and despite ambitious economic reforms by the ANC government, foreign direct investment flows into South Africa averaged around two-thirds less than investments in comparable... View Details

Keywords: by Martha Lagace

28 Jun 2024
News

Honoring Leadership in New York; PRIDE Alumni Share HBS Stories

New York Leadership Dinner Honors Leaders Challenging the Status Quo At its 55th Annual Leadership Dinner in May, the HBS Club of New York (HBSCNY) honored four leaders whose careers and contributions to the world embody this year’s theme, “Challenging the Status Quo.”... View Details

Keywords: Margie Kelley

28 May 2007
Research & Ideas

How Property Ownership Changes Your World View

I think that the rejection of pro-market reforms in Latin America or Eastern Europe or Africa is not related to economic interests, as most economists claim, but to the way that people see the world," says Di Tella. "We think... View Details

Keywords: by Julia Hanna

October 2023 (Revised May 2024)
Case

JSW Steel: Balancing Growth While Decarbonizing

By: Vikram S Gandhi and Radhika Kak

Sajjan Jindal, Chairman & Managing Director of JSW Steel, India's largest steel producer by market capitalization, was facing a dilemma. Steel demand in India was expected to grow exponentially over the next decade. However, given its traditional reliance on carbon,... View Details

Keywords: Decisions; Environmental Sustainability; Investment; Governing Rules, Regulations, and Reforms; Growth and Development; Corporate Social Responsibility and Impact; Pollutants; Pollution; Production; Steel Industry; India

October 2009 (Revised October 2010)
Case

Cosan: Thinking Outside the Barrel

By: Forest L. Reinhardt, Noel Maurer and Ricardo Reisen de Pinho

The Cosan case introduces students and executive education participants to political economy and business strategy in the biofuels industry. Cosan, based in Brazil, is the largest grower and processor of sugarcane in the world and the largest sugar and ethanol producer... View Details

Keywords: Renewable Energy; Global Strategy; Governing Rules, Regulations, and Reforms; Industry Structures; Business and Government Relations; Business Strategy; Vertical Integration; Agriculture and Agribusiness Industry; Energy Industry; Brazil

October 2007
Article

Opinion: Place Your Bets on the Future You Want

By: Forest Reinhardt

This piece posits that success in a carbon-constrained world will be determined by innovation and acumen, requiring companies to make bold moves. View Details

Keywords: Governing Rules, Regulations, and Reforms; Innovation and Invention; Knowledge Use and Leverage; Leadership; Success; Environmental Sustainability; Climate Change; Competitive Advantage