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  • All HBS Web  (4,952)
    • People  (7)
    • News  (810)
    • Research  (3,511)
    • Events  (47)
    • Multimedia  (21)
  • Faculty Publications  (2,375)
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  • 29 Apr 2009
  • News

Economic Recovery

  • 2022
  • Working Paper

High-Yield Debt Covenants and Their Real Effects

By: Falk Bräuning, Victoria Ivashina and Ali Ozdagli
High-yield debt including leveraged loans is characterized by incurrence financial covenants, or “cov-lite” provisions. A traditional loan agreement includes maintenance covenants, which require continuous compliance with the covenant threshold, and their violation... View Details
Keywords: Debt Covenants; Incurrence Covenants; Borrowing and Debt; Banks and Banking
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Bräuning, Falk, Victoria Ivashina, and Ali Ozdagli. "High-Yield Debt Covenants and Their Real Effects." NBER Working Paper Series, No. 29888, March 2022.

    Susanna Gallani

    Susanna View Details

    Keywords: health care
    • Research Summary

    Book in progress

    Expanding on my work on BP, I am starting a new book on the transformation of the major international oil companies since the 1970s. Prior to that, the oil majors largely controlled the international flow of oil, which was channelled through their vertically... View Details

    • Profile

    Arjun Goyal

    Trust Centre for Human Genetics, a new door opened for Arjun. “It was my first exposure to research,” he says. “It fascinated me that the test tube in my hand could hold a new cure or the next new therapy for controlling a disease.”... View Details
    Keywords: Entrepreneurship; Health Care
    • Teaching Interest

    IFC Asia: China's Belt & Road Initiative

    By: Willy C. Shih

    The course objective is to provide students perspectives and insight into one of the major political and economic development programs of China – its Belt and Road Initiative, a strategy that involves infrastructure development and investments in countries spanning... View Details

    Keywords: China; Globalization; Trade; Infrastructure; China; Southeast Asia; South Asia; Central Asia
    • June 1990 (Revised August 1990)
    • Supplement

    Sun Microsystems, Inc.--1987 (B)

    By: Carliss Y. Baldwin
    Describes a specific opportunity to seek financing from AT&T as part of a proposed technological joint venture. Students must consider the price paid and control rights attached to a large block of shares and outline a negotiating position for each side. View Details
    Keywords: Joint Ventures; Stock Shares; Financing and Loans; Price; Governance Controls; Rights; Negotiation; Opportunities; Computer Industry
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    Baldwin, Carliss Y. "Sun Microsystems, Inc.--1987 (B)." Harvard Business School Supplement 290-052, June 1990. (Revised August 1990.)
    • 06 Mar 2018
    • First Look

    First Look at Research and Ideas, March 6, 2018

    not receive such evidence. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=45842 Targeted Price Controls on Supermarket Products By: Cavallo, Alberto, and Diego Aparicio Abstract—We study the impact View Details
    Keywords: Sean Silverthorne
    • Research Summary

    Contract Rights and Risk Aversion: Foreign Banks and the Mexican Economy, 1997-2004

    In 1997 Mexicos banking laws were reformed, allowing foreign banks, for the first time since the nineteenth century, to purchase controlling interests in the countrys largest banks. Foreign banks controlled 16 percent of Mexican bank assets in March 1997. By June... View Details

    • January–February 2019
    • Article

    Corporate Purpose and Financial Performance

    By: Claudine Gartenberg, Andrea Prat and George Serafeim
    We construct a measure of corporate purpose within a sample of U.S. companies based on approximately 500,000 survey responses of worker perceptions about their employers. We find that this measure of purpose is not related to financial performance. However, high... View Details
    Keywords: Corporate Purpose; Purpose; Employee Motivation; Belief Systems; Corporate Performance; Human Capital; Middle Management; Culture; Corporate Culture; Meaning; Mission and Purpose; Organizational Culture; Employees; Perception; Values and Beliefs; Performance Effectiveness
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    Gartenberg, Claudine, Andrea Prat, and George Serafeim. "Corporate Purpose and Financial Performance." Organization Science 30, no. 1 (January–February 2019): 1–18.
    • 2012
    • Book

    Sleeping with Your Smartphone: How to Break the 24-7 Habit and Change the Way you Work

    By: Leslie A. Perlow
    Does it have to be this way? Can't resist checking your smartphone or mobile device? Sure, all this connectivity keeps you in touch with your team and the office—but at what cost? In "Sleeping with Your Smartphone," Leslie Perlow reveals how you can disconnect and... View Details
    Keywords: Time Management; Internet and the Web; Groups and Teams; Performance Productivity; Globalized Firms and Management; Service Industry
    Citation
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    Perlow, Leslie A. Sleeping with Your Smartphone: How to Break the 24-7 Habit and Change the Way you Work. Harvard Business Review Press, 2012.
    • 12 Nov 2015
    • Research & Ideas

    Can Consumers be Trusted with Their Own Health Care?

    Consumers today have more control than ever over the way they choose goods and services—from browsing freely at grocery stores to managing their own financial assets. Perhaps consumers should also have a greater sense View Details
    Keywords: by Dina Gerdeman; Health
    • April 2020
    • Article

    Designs for Estimating the Treatment Effect in Networks with Interference

    By: Ravi Jagadeesan, Natesh S. Pillai and Alexander Volfovsky
    In this paper, we introduce new, easily implementable designs for drawing causal inference from randomized experiments on networks with interference. Inspired by the idea of matching in observational studies, we introduce the notion of considering a treatment... View Details
    Keywords: Experimental Design; Network Inference; Neyman Estimator; Symmetric Interference Model; Homophily
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    Jagadeesan, Ravi, Natesh S. Pillai, and Alexander Volfovsky. "Designs for Estimating the Treatment Effect in Networks with Interference." Annals of Statistics 48, no. 2 (April 2020): 679–712.
    • February 2000 (Revised August 2000)
    • Case

    Microsoft Latin America

    By: Robert S. Kaplan, Alberto Ballve and Antonio Davila
    Mauricio Santillan, regional vice president for the Latin American division of Microsoft, has introduced a new performance measurement system to help his country managers formulate and control strategy. Microsoft Latin America's priorities are rolling out of an... View Details
    Keywords: Balanced Scorecard; Applications and Software; Emerging Markets; Crime and Corruption; Motivation and Incentives; Management Skills; Global Strategy; Strategy; Information Technology Industry; Latin America
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    Kaplan, Robert S., Alberto Ballve, and Antonio Davila. "Microsoft Latin America." Harvard Business School Case 100-040, February 2000. (Revised August 2000.)
    • 25 Jul 2010
    • News

    Sherrod fallout twists White House message from rah-rah to race

    • September 1997 (Revised May 1999)
    • Case

    Automated Intelligence Corporation

    By: James K. Sebenius and David T. Kotchen
    Precision Controls is a Minnesota-based manufacturer of electronic control devices. To enhance its product line, Precision would like to establish an artificial intelligence research group, either through internal development or, preferably, by merging with or... View Details
    Keywords: Information Technology; Valuation; Research and Development; Stock Shares; Negotiation Process; Negotiation Tactics; Mergers and Acquisitions; Manufacturing Industry; Electronics Industry; Minnesota
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    Sebenius, James K., and David T. Kotchen. "Automated Intelligence Corporation." Harvard Business School Case 898-045, September 1997. (Revised May 1999.)
    • October 2001 (Revised November 2001)
    • Background Note

    Running and Growing the Small Company: Course Overview

    Addresses challenges facing managers, presidents, and owners in generating and sustaining superior performance, especially as a company broadens its mix of goods and services, increases the volume of its sales, and enlarges the size of its workforce. The critical... View Details
    Keywords: Business or Company Management; Talent and Talent Management
    Citation
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    Spear, Steven J. "Running and Growing the Small Company: Course Overview." Harvard Business School Background Note 602-077, October 2001. (Revised November 2001.)
    • June 2016
    • Article

    Wicked Problem Solvers: Lessons from Successful Cross-industry Teams

    By: Amy C. Edmondson
    Companies today increasingly rely on teams that span many industries for radical innovation, especially to solve “wicked problems.” So leaders have to understand how to promote collaboration when roles are uncertain, goals are shifting, expertise and organizational... View Details
    Keywords: Groups and Teams; Leadership Style; Collaborative Innovation and Invention
    Citation
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    Edmondson, Amy C. "Wicked Problem Solvers: Lessons from Successful Cross-industry Teams." Harvard Business Review 94, no. 6 (June 2016): 53–59.
    • July 2004 (Revised December 2004)
    • Case

    Timberland: Commerce and Justice

    By: James E. Austin, Herman B. Leonard and James Quinn
    When Jeffrey Swartz became the third generation in his family to lead the Timberland Co., he pursued a strategy in which commerce and justice were "inextricably linked." Community involvement, environmental management, and global labor standards became not addenda to... View Details
    Keywords: Business Model; For-Profit Firms; Innovation and Invention; Leadership Development; Corporate Social Responsibility and Impact; Programs; Opportunities; Alignment; Business Strategy; Value
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    Austin, James E., Herman B. Leonard, and James Quinn. "Timberland: Commerce and Justice." Harvard Business School Case 305-002, July 2004. (Revised December 2004.)
    • March 2003 (Revised October 2003)
    • Case

    Mercury Rising: Knight Ridder's Digital Venture

    Captures the efforts of newspaper publisher Knight Ridder to create a digital venture. Knight Ridder proves to be a pioneer in digital publishing, launching the first online newspaper site; builds a network of newspaper sites called Real Cities; and invests in... View Details
    Keywords: Internet and the Web; Business Growth and Maturation; Market Entry and Exit; Corporate Entrepreneurship; Newspapers; Innovation and Invention; Journalism and News Industry
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    Gilbert, Clark. "Mercury Rising: Knight Ridder's Digital Venture." Harvard Business School Case 803-107, March 2003. (Revised October 2003.)
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