Publications

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November 2013
Case

Larry Steffen: Valuing Stock Options in a Compensation Package

By: William E. Fruhan and Craig Stephenson

New MBA graduate Larry Steffen has accepted an attractive job offer from Athena Global Technology but must now choose one of two alternative compensation plans. The first compensation plan option includes a base salary plus a $25,000 cash bonus, and the second includes... View Details

05 Jul 2020
News

Are Stock Investors ‘Irrationally Exuberant’ Again?

16 Feb 2012
News

Bank stocks rally despite Moody's gloom

18 Jun 2014
News

Winning An Insiders' Game In Stocks

Keywords: Securities, Commodities, and Other Financial Investments; Finance

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

October 2002
Article

Differences of Opinion and the Cross-Section of Stock Returns

By: Karl B. Diether, Christopher J. Malloy and Anna Scherbina

We provide evidence that stocks with higher dispersion in analysts' earnings forecasts earn lower future returns than otherwise similar stocks. This effect is most pronounced in small stocks, and stocks that have performed poorly over the past year. Interpreting... View Details

Keywords: Stocks; Forecasting and Prediction; Price; Valuation; Investment Return

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April 2021 (Revised July 2021)
Case

StockX: The Stock Market of Things (Abridged)

By: Chiara Farronato, John J. Horton, Annelena Lobb and Julia Kelley

Founded in 2015 by Dan Gilbert, Josh Luber, and Greg Schwartz, StockX was an online platform where users could buy and sell unworn luxury and limited-edition sneakers. Sneaker resale prices often fluctuated over time based on supply and demand, creating a robust... View Details

05 Jul 2006
Working Paper Summaries

A Cross-Sectional Analysis of the Excess Comovement of Stock Returns

Keywords: by Robin Greenwood; Financial Services

2003
Article

Confirming Management Earnings Forecasts, Earnings Uncertainty, and Stock Returns

By: Michael B. Clement, Richard Frankel and Jeffrey Miller

In this study we examine the association among confirming management forecasts, stock prices, and analyst expectations. Confirming management forecasts are voluntary disclosures by management that corroborate existing market expectations about future earnings. This... View Details

Keywords: Forecasting and Prediction; Corporate Disclosure; Price; Stocks; Investment Return

September 1992
Case

Star Cablevision Group (B): Adjusting to a Stock Market Correction

By: William A. Sahlman

Second case in a series of six cases. This case describes the company as it adjusts to a stock market correction. View Details

Keywords: Financial Markets

September 2002
Column

How To Stop Another Stock Bubble

By: D. Quinn Mills

Keywords: Stocks

July 1979
Article

Spectral Analysis of Stock Market Prices

By: Marc L Bertoneche

Keywords: Stocks; Markets; Price

01 Apr 2002
News

Stocking Up Can Build Customer Value

papers (and miss one or more possible sales) once a week, or one-seventh of the time. What's ignored in this equation, though, according to HBS professor David Bell, is that customers care how often a retailer runs out of stock. "The probability that you'll be in View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

June 2021 (Revised March 2022)
Teaching Note

StockX: The Stock Market of Things

By: Chiara Farronato

Teaching Note for HBS Case Nos. 620-062 and 621-107. View Details