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- All HBS Web
(275)
- News (64)
- Research (163)
- Multimedia (1)
- Faculty Publications (85)
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- 21 Jul 2006
- Op-Ed
Enron Jury Sent the Right Message
chose to avoid a scholastic examination of these mind-numbingly complex maneuvers and Enron's observance of equally complex Generally Accepted Accounting Principles and SEC rules. Following the lead of federal prosecutors, the jury... View Details
Keywords: by Malcolm S. Salter
- 24 Oct 2017
- First Look
First Look at New Research and Ideas, October 24, 2017
their decision rights within firms, but managers can seek permission from the Securities and Exchange Commission (SEC) to dismiss proposals. We find that managers seek to exclude 39% of all proposals they receive, but the SEC does not... View Details
Keywords: Sean Silverthorne
- 14 Jun 2016
- First Look
June 14, 2016
permission from the Securities and Exchange Commission (SEC) to exclude specific proposals from the proxy statement. From 2003 to 2013, we find that managers seek to exclude 40% of all proposals they receive, but the SEC does not permit... View Details
Keywords: Sean Silverthorne
- 17 Nov 2015
- Lessons from the Classroom
How Activist Investors Became Respectable
(Editor's Note. Carl Icahn is in the news again. On Monday, SEC filings revealed the militant investor has sold his entire stake in eBay, after successfully pushing the company to spin off its PayPal operation. Harvard Business School... View Details
- 26 Feb 2013
- First Look
First Look: Feb. 26
113-089 In late 2012, IASB chair Hans Hoogervorst, just over a year into his term, must address several serious geopolitical challenges that can derail IFRS growth. The SEC has issued a report outlining why the U.S. should not adopt IFRS.... View Details
Keywords: Sean Silverthorne
- 22 Aug 2007
- Research & Ideas
The Hedge Fund as Activist
activist SEC filings between 1993 and 2006, focusing on instances where the target of the activism is a U.S. firm. In total, our database contains almost 1,000 events. Our main result is that targets of investor activism earn high returns... View Details
- 19 Jul 2011
- First Look
First Look: July 19
opportunistic traders are local non-senior insiders, who come from geographically concentrated, poorly governed firms. Lastly, opportunistic traders are significantly more likely to have SEC enforcement action taken against them and... View Details
Keywords: Sean Silverthorne
- 21 Sep 2009
- Research & Ideas
Excessive Executive Pay: What’s the Solution?
too little say," said Schumer. "This legislation will give stockholders the ability to apply the emergency brakes the next time the company management appears to be heading off a cliff." Concurrent with Schumer's bill, the View Details
Keywords: by Roger Thompson
- 09 Sep 2024
- HBS Case
McDonald’s and the Post #MeToo Rules of Sex in the Workplace
decisions to hire Easterbrook and then to fire him without cause were matters of business judgment that the court would not second guess. However, the SEC charged McDonald’s and Easterbrook with providing false and misleading public... View Details
- 13 Jun 2012
- HBS Case
HBS Cases: A Startup Takes On the Credit Ratings Giants
Three. Should it focus its business on a single sector such as structured products or attack multiple sectors? How could enough skilled analysts be recruited quickly? How would the firm acquire status as a Nationally Recognized Statistical Rating Organization, an View Details
- 15 Nov 2004
- Research & Ideas
Solving the Health Care Conundrum
of M&A activity must take place; mandatory public reporting must be required documenting experience and outcome information based on defined standards (just as the SEC requires reporting of certain information); and Medicare pricing... View Details
- 28 Apr 2003
- Research & Ideas
Shareholders Key to Corporate Reform
be actually brought home to the investor." Most of our social contracts are built on the assumption that individual accountability influences human behavior. Indeed, the recent move by the SEC to require CEOs to personally attest to... View Details
- 16 Jan 2012
- Research & Ideas
Private Meetings of Public Companies Thwart Disclosure Rules
are actively breaking the rules of Regulation FD. Rather, he is suggesting that the SEC may need to spend more time determining what constitutes material information. For an astute observer, simply observing a CEO's emotions during a... View Details
- 18 Jun 2013
- First Look
First Look: June 18
wage comparisons affect firm policies on executive pay? This paper explores that question using a 1992 SEC proxy disclosure rule that mandated increased disclosure of executive pay. We argue that this rule differentially increased wage... View Details
Keywords: Anna Secino
- 05 Jun 2012
- First Look
First Look: June 5
professional and political characteristics of FASB members and SEC commissioners predict the accounting "reliability" and "relevance" of proposed standards. Notably, we find FASB members with backgrounds in financial... View Details
Keywords: Sean Silverthorne
- 21 Jun 2011
- First Look
First Look: June 21
Standard Setters in Standard Setting Authors: Abigail M. Allen and Karthik Ramanna Abstract We investigate the idiosyncratic influence of standard setters in standard setting. In particular, we examine how FASB members' and SEC... View Details
Keywords: Sean Silverthorne
- 24 Feb 2014
- Research & Ideas
Uncovering Racial Discrimination in the ‘Sharing Economy’
500,000 listings and counting. (By way of comparison, hotel industry giant Marriott offers around 530,000 rooms worldwide.) Airbnb, which has been valued at roughly $2.5 billion, recently closed a $200 million round of financing, according to a February 6 View Details
- 22 Sep 2014
- Op-Ed
Online Banks Fill Funding Needs for Small Business
the SEC partially regulates peer-to-peer lending, and state banking laws apply, but the online small business lending sector is largely unregulated at the federal level. Should borrower and lender protections be consolidated under a... View Details
- 29 Jan 2008
- First Look
First Look: January 29, 2008
loans in their portfolio. Specifically, we look at the abnormal returns on stock trades following loan renegotiations. By collecting SEC filings of loan amendments, we are able to identify institutional investors that had access to... View Details
Keywords: Martha Lagace
- 07 Nov 2016
- Research & Ideas
Corporate Tax Strategies Mirror Personal Returns of Top Execs
were tax-minded based on their personal actions before the 8.8 percent increase took effect. Pérez Cavazos and Silva used the Execucomp database and SEC Form 4 filings to examine the positions and behavior of the top five executives of... View Details
Keywords: by Roberta Holland