Stocks - Publications - Faculty & Research

December 2003
Case

Sale of Hephaestus, Inc. to Vulcan Ventures, Inc.

Henry Hephaestus founded Hephaestus, Inc. in 1895. Its first product was a tapered roller bearing for use with horse-drawn wagons and carriages. It reduced friction on the axle and reduced the force necessary to move a heavy load, thereby enabling one horse to do the... View Details

Keywords: Business Exit or Shutdown; Entrepreneurship; Family Ownership; Manufacturing Industry

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Researchers have long hypothesized that research outputs from government, university, and private company R&D contribute to economic growth, but these contributions may be difficult to measure when they take a non-pecuniary form. The growth of networking... View Details

August 2015 (Revised October 2023)
Case

Eastman Kodak Company: Restructuring a Melting Ice Cube

By: Stuart C. Gilson, John D. Dionne and Sarah L. Abbott

In May 2013, senior managers of GSO Capital Partners, an $80 billion credit-oriented investment firm owned by The Blackstone Group, are considering what to do next with their investment in the senior secured debt of Eastman Kodak Company. Once a great company and an... View Details

Keywords: Restructuring; Finance; Strategy; Investment; United States

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Educators

01 Jun 2023
News

3-Minute Briefing: Jeremy Grantham (MBA 1966)

friends was having the most fun? The answer by a wide margin was the people in the stock market. They were playing in a mini-bubble of microcap stocks and getting out before it exploded. I played, too. It... View Details

Keywords: climate change; finance; sustainability; prediction; Finance

28 Nov 2023
Book

Economic Growth Draws Companies to Asia. Can They Handle Its Authoritarian Regimes?

did you decide on China, Malaysia, and Indonesia as your study areas? Rithmire: I was initially interested in the internationalization of firms from developing countries, especially in Asia. While I was exploring that topic, China experienced a View Details

Keywords: by Sean Silverthorne

Web

Accounting & Management Awards & Honors - Faculty & Research

Runner-up for the 2024 Best Paper Award from the Journal of Corporate Finance for "The Stock Market Valuation of Human Capital Creation" with Matthias Regier (April 2023). Charles C.Y. Wang : Winner of the Best Paper Award at the 2024... View Details

Web

Business History - Faculty & Research

professionalizing operations, addressing long-term equity structures, and preserving the firm's distinct culture. Keywords: Business Growth and Maturation ; Business Model ; Talent and Talent Management ; Capital Structure ; Cash Flow ; Corporate Finance ; Equity ;... View Details

13 Jan 2023
Research & Ideas

Are Companies Actually Greener—or Are They All Talk?

Most companies now account for social good in their financial reports in some way, but with regulation scattershot and evolving, it’s complicated for investors to assess so-called ESG reports. The disclosures, known as Environmental, Social, and Governance reports,... View Details

Keywords: by Rachel Layne

17 Mar 2009
First Look

First Look: March 17, 2009

market setting, the transfer price that maximizes a multinational's profits may also be the same one that maximizes the social welfare of the domestic economy that houses it. Download the paper: http://www.hbs.edu/research/pdf/09-098.pdf A Corporate Arbitrage Approach... View Details

Keywords: Martha Lagace

April 1998
Case

Jim Lyons and GenRad

Lyons, currently CEO of Harry Gray Associates, a consulting and investment firm, had just been approached by an executive recruiter representing GenRad, a 78-year-old electronics company headquartered in Concord, MA. The company, which manufactured integrated software... View Details

Keywords: Technology; Management Succession; Personal Development and Career; Consulting Industry; Massachusetts

Citation

Find at Harvard

Regular handwashing with soap is believed to have substantial impacts on child health in the developing world. Most handwashing campaigns have failed, however, to establish and maintain a regular practice of handwashing. Motivated by scholarship that suggests... View Details

July 2021
Article

Medical Debt in the U.S., 2009–2020

By: Raymond Kluender, Neale Mahoney, Francis Wong and Wesley Yin

Importance: Medical debt is an increasing concern in the US, yet there is limited understanding of the amount and distribution of medical debt, and its association with health care policies.

Objective: To measure the amount of medical debt nationally and by... View Details

Keywords: Debt; Borrowing and Debt; Health Care and Treatment; United States

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25 Jan 2016
Research & Ideas

When Negotiating a Price, Never Bid with a Round Number

psychologists before making their offers to buy a company. Of the some 2,000 price-per-share bids in their sample, 47 percent were divisible by $1.00—that is, the bankers bid with a share price ending in two zeros after the decimal point. From the bidder’s point of... View Details

Keywords: by Carmen Nobel

16 Apr 2001
Research & Ideas

Breaking the Code of Change

vacancies he had created needed to sign on to his philosophy: that shareholder value was the single objective to which a corporation should dedicate itself. To focus executives single-mindedly on shareholder interests, he used financial incentives, mainly View Details

Keywords: by Michael Beer & Nitin Nohria

07 Jul 2019
HBS Case

Walmart's Workforce of the Future

consequences of senior leadership’s choices, says Kerr. “It’s easy to be critical and say that Walmart should be doing more, but when students review the company’s actions over the past five years, they have to confront the fact that every time the minimum wage went... View Details

Keywords: by Julia Hanna; Retail

Web

FAQ - Alumni

donorsecuritygifts@harvard.edu . To ensure proper processing of your gift, complete this online form to notify us of your stock transfer. Donors may take a charitable income tax deduction for its mean fair market value on the date of the... View Details

01 Dec 2023
News

In My Humble Opinion: Plugged In

you’re the only woman in the room. You don’t have a lot of natural allies to support your view.” Feel the pain: “There should be consequences when companies fail to diversify leadership. If decision makers didn’t get their annual bonuses or View Details

Keywords: Deborah Blagg

21 Jul 2021
Research & Ideas

What Does an ESG Score Really Say About a Company?

Receiving more information can clarify the complex, but not when it comes to environmental, social, and governance (ESG) scores. A recent study shows that the more information a company discloses about its ESG practices, the more rating agencies disagree on how well... View Details

Keywords: by Kristen Senz

April 2016 (Revised February 2017)
Supplement

Eastman Kodak Company: Restructuring a Melting Ice Cube

By: Stuart C. Gilson, John D. Dionne and Sarah L. Abbott

In May 2013, senior managers of GSO Capital Partners, an $80 billion credit-oriented investment firm owned by The Blackstone Group, are considering what to do next with their investment in the senior secured debt of Eastman Kodak Company. Once a great company and an... View Details

Keywords: Restructuring; Financial Strategy; Investment; United States

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January 2014 (Revised February 2014)
Case

Japan: Betting on Inflation?

By: Julio J. Rotemberg

The case focuses on the challenges still confronting Prime Minister Shinzo Abe at the end of 2013, a year after he has been in office. It also gives an overview of Japan's earlier economic performance, focusing primarily on the period after it suffered a stock market... View Details

Keywords: Quantitative Easing; Debt Sustainability; International Relations; Borrowing and Debt

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