Publications

16 Oct 2007
First Look

First Look: October 16, 2007

companies, anti-trust legislation, expropriations, and rising competition from international and local rivals. Focuses on developing a new global strategy for a company that placed a premium on a consensual management style and local... View Details

Keywords: Sean Silverthorne

September 2008
Article

What T. R. Took: The Economic Impact of the Panama Canal, 1903-1937

By: Noel Maurer and Carlos Yu

The Panama Canal was one of the largest public investments of its time. In the first decade of its operation, the canal produced significant social returns for the United States. Most of these returns were due to the transportation of petroleum from California to the... View Details

Keywords: History; Development Economics; International Relations; Investment Return; Negotiation Deal; Panama; United States

Find at Harvard

16 Sep 2002
Research & Ideas

The Irrational Quest for Charismatic CEOs

influence may not have nourished an internal candidate needed to take the firm past its early, entrepreneurial stage. The closed CEO labor market and the consequences it has wrought fundamentally threaten... View Details

Keywords: by Martha Lagace

June 2010 (Revised August 2021)
Case

Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. (VHSS): Valuing Ships

By: Benjamin C. Esty and Albert Sheen

After booming for more than five years, the global shipping (maritime) industry experienced a dramatic crash in late 2008 as the global financial system froze and the global economy slid into recession. Ship charter rates (revenue) fell by as much as 90% causing prices... View Details

Keywords: Fair Value Accounting; Financial Crisis; Capital Markets; Financial Liquidity; International Finance; Globalized Markets and Industries; Valuation; Banking Industry; Shipping Industry; Germany

August 2011 (Revised October 2014)
Case

High Wire Act: Credit Suisse and Contingent Capital (A)

By: Clayton S. Rose and Aldo Sesia

Late in 2010, Credit Suisse CEO Brady Dougan and his team closed in on the decision of whether or not to issue contingent capital, which Swiss regulators would require by 2019. There were a number of substantial issues facing Dougan and his team, including whether... View Details

Keywords: Financial Institutions; Capital Markets; Financial Crisis; Decision Choices and Conditions; Leadership; International Finance; Financial Liquidity; Risk and Uncertainty; Competitive Strategy; Financial Services Industry; Switzerland

25 Jun 2013
First Look

First Look: June 25

evidence that this effect is driven by psychological reactance rather than by overcompensation for potential bias. We discuss both the theoretical and practical implications of our findings. Download working paper: http://ssrn.com/abstract=2280370 The View Details

Keywords: Anna Secino

17 Jun 2008
First Look

First Look: June 17, 2008

Working PapersExplaining International Differences in Entrepreneurship: The Role of Individual Characteristics and Regulatory Constraints Authors:Silvia Ardagna and Annamaria Lusardi Abstract We use a micro dataset that collects... View Details

Keywords: Martha Lagace

23 Apr 2008
Op-Ed

The Gap in the U.S. Treasury Recommendations

not disappear. With tightened credit standards and higher capital requirements on loans, it became more profitable for banks to package loans as securities and sell the credit risk to the buyers of securities in the domestic and View Details

Keywords: by Dwight Crane; Banking; Construction; Real Estate; Financial Services

23 Jan 2008
First Look

First Look: January 23, 2008

remain less explored. The United States offers a unique setting in which to examine this question since entrepreneurial ventures supplying cadavers for medical science have recently emerged alongside traditional academic-housed programs,... View Details

Keywords: Martha Lagace

18 Mar 2001
Research & Ideas

Want to Be an Entrepreneur? [Part I]

tasks like perfecting their technology, learning how to manufacture it, and financing the needed investments in research, development, and marketing through a combination of product sales and venture funding. And so emerged several... View Details

Keywords: by John S. Rosenberg

April 1992 (Revised April 1997)
Case

Reconstruction of Zambia

By: Richard H.K. Vietor

Examines the causes of decline--economic, social, and political--of the Zambian economy since 1974. It takes place at the time of the election of Frederick Chiluba, in October 1991. Examines the problems of economic development in Africa, and especially, of structural... View Details

Keywords: Business Cycles; Development Economics; Developing Countries and Economies; Economic Slowdown and Stagnation; Borrowing and Debt; International Finance; Political Elections; Africa; Zambia

April 2009
Case

The First Global Financial Crisis of the 21st Century

By: Laura Alfaro and Renee Kim

The global economy was expected to suffer from negative growth for the full year in 2009, a phenomenon not seen since World War II. While the U.S. subprime mortgage disaster was blamed as the original instigator, it was noted that the "global imbalances" of the U.S.... View Details

Keywords: Financial Crisis; Mortgages; Globalized Economies and Regions; Policy; International Relations; Business and Government Relations; Conflict and Resolution

13 May 2014
Op-Ed

The Alibaba Effect

Thus, founder Jack Ma and his management team, who own a little over 9 percent of the company, can still retain control of its destiny. (Meanwhile, although Hong Kong stock market authorities are officially pleased to stay true to their rules and principles, we... View Details

Keywords: by Bill Kirby & Warren McFarlan; Retail

07 Oct 2013
Research & Ideas

The Case for Combating Climate Change with Nuclear Power and Fracking

a path to the future.” Lassiter, the Senator John Heinz Professor of Management Practice in Environmental Management, has spent several years studying the intersection between entrepreneurial finance and... View Details

Keywords: by Carmen Nobel; Energy; Utilities

17 Nov 2003
Research & Ideas

Lessons from a Nasty Trade Dispute

to the World Trade Organization, the WTO later ruled that both Canada and Brazil needed to make changes to comply with international trade rules. Finally, in March 2003, the WTO gave Brazil permission to impose $248 million in trade... View Details

Keywords: by Cynthia Churchwell

19 Sep 2012
Research & Ideas

Funding Innovation: Is Your Firm Doing it Wrong?

at certain times, it is not a one-size-fits-all model." Corporate Venturing And Internal Contests The Architecture of Innovation suggests that the solution to shortcomings with private-sector R&D funding may lie in marrying the... View Details

Keywords: by Carmen Nobel

10 Apr 2019
HBS Case

How Entrepreneurs Can Turn Lead Into Gold

Entrepreneurs aren’t short on ideas for exciting new products or companies, but they are often short-sighted when it comes to finding ways to fund and build those projects. “There is a huge amount of discussion about how you come up with a new View Details

Keywords: by Michael Blanding; Financial Services

15 Jan 2008
First Look

First Look: January 15, 2008

Market Authors:Lauren Cohen, Karl B. Diether, and Christopher J. Malloy Periodical:Journal of Finance 62, no. 5 (October 2007) Abstract Using proprietary data on stock loan fees and quantities from a large institutional investor, we... View Details

Keywords: Martha Lagace

March 2011 (Revised September 2014)
Case

Bridging the GAAPs

By: Gwen Yu

Inconsistencies in accounting treatment across countries are a major obstacle for global equity investment. Adoption of a single accounting standard (IFRS) has been received with much excitement, where apples to apples comparison across countries will become easier.... View Details

Keywords: Financial Reporting; International Accounting; Private Equity; Investment; Globalized Markets and Industries; Information Management; Standards; Valuation