Stock Exchanges - Publications - Faculty & Research

Forthcoming
Article

Half the Firms, Double the Profits: Public Firms' Transformation, 1996–2022

The number of public firms in the United States has halved since the beginning of the twenty-first century, causing consternation among corporate and securities law regulators. The dominant explanations, often advanced by Securities and Exchange commissioners when... View Details

Keywords: Corporate Law; Securities Regulation; Sarbanes-Oxley Act; Concentration Levels; Antitrust; Initial Public Offering; Public Ownership; Private Equity; Venture Capital; Mergers and Acquisitions; Monopoly; United States

Citation

SSRN

Web

Global Crises Data by Country - Behavioral Finance & Financial Stability

exchange rate crises, stock market crises, sovereign debt growth and default, and many other data series. To see Carmen’s related research, please visit her website here. The BFFS Project keeps this data... View Details

Web

Curriculum - Case Method Project

Act in 1933, and culminates in a decision of whether to adopt the National Securities Exchange Act in 1934. Coverage: 1910s – 1934; stock market crash of 1929; President Franklin Delano Roosevelt; Great... View Details

Web

Behavioral Finance & Financial Stability

Bubbles for Fama By: Robin Greenwood , Andrei Shleifer & Yang You FEB 2017 Authors Greenwood, Shleifer, and You evaluate Eugene Fama's claim that stock markets do not exhibit price bubbles using US and international View Details

17 Jan 2024
Research & Ideas

Are Companies Getting Away with 'Cheap Talk' on Climate Goals?

Companies regularly set ambitious climate goals, but these plans often end up like many people’s New Year’s resolutions: unmet aspirations that quietly fizzle out. While companies often gain positive media attention by trumpeting plans for reducing greenhouse gas... View Details

Keywords: by Tim Gray

Web

Lehman Brothers Timeline | Baker Library | Bloomberg Center | Harvard Business School

Exchange. 1887 Lehman Brothers becomes a member of the New York Stock Exchange. 1899 Lehman Brothers takes on investment banking activities, issuing its first public offering for the International Steam Pump Company. 1901–1925 Philip... View Details

05 Feb 2008
First Look

First Look: February 5, 2008

their non-connected holdings. A replicating portfolio of connected stocks outperforms a replicating portfolio of non-connected stocks by up to 8.4% per year. Returns are concentrated around corporate news... View Details

Keywords: Martha Lagace

Fast Answer

Bloomberg: tickers

How do I type tickers in Bloomberg? Examples: MSFT US [EQUITY] for Microsoft Corp. stock VOD LN [EQUITY] for Vodafone stock GSK 5.375 04/15/34 [CORP] for GlaxsoSmithKline bond Bloomberg tickers include... View Details

24 Jun 2014
First Look

First Look: June 24

instead of participating in negotiated exchange offers. This paper critically examines this claim and argues that the incentives for holdout litigation are limited because of (1) significant constraints on creditor litigation, (2)... View Details

Keywords: Sean Silverthorne

Web

Ways to Give Today - Alumni

Donor name, degree/year, and intended gift purpose (fund name) Stock Transfer When giving long-term appreciated stock to HBS, donors may take a charitable income tax deduction for its mean fair market value... View Details

06 Feb 2018
First Look

First Look at New Research and Ideas: February 6, 2018

J. Marinich, and Michael D. Shields Abstract—This study examines the effect of psychological contract breach on budgetary misreporting. Psychological contracts are mental models or schemas that govern how employees understand their View Details

Web

Named Fellowship Funds - Alumni

joined Goldman Sachs, and in 1975 was the second person for GS in Japan and all of Asia, enabling GS to become one of the first six non-Japanese companies to hold a seat on the Tokyo Stock Exchange. He was recognized in 1998 by Newsweek... View Details

24 Jan 2017
First Look

First Look at New Research: January 24, 2017

January 2017 Review of Financial Studies Being Surprised by the Unsurprising: Earnings Seasonality and Stock Returns By: Chang, Tom Y., Samuel M. Hartzmark, David H. Solomon, and Eugene F. Soltes Abstract—We present evidence consistent... View Details

Keywords: Sean Silverthorne

24 Oct 2016
Research & Ideas

Bernie Madoff Explains Himself

service of buying shares; now Madoff had turned the practice upside down and was paying them to trade. That innovation diverted trading away from the New York Stock Exchange floor, and by the early 1990s,... View Details

Keywords: by Carmen Nobel; Financial Services

30 Jun 2022
HBS Case

Peloton Changed the Exercise Game. Can the Company Push Through the Pain?

classes left us energized, refreshed, stronger, and ready to take on anything,” Foley explained in Peloton’s 2019 registration filing with the Securities and Exchange Commission. But “we were often left without time, without options, and... View Details

Keywords: by Lane Lambert; Media & Broadcasting; Health; Bicycle

07 Jul 2008
Research & Ideas

Innovation Corrupted: How Managers Can Avoid Another Enron

building on intense lobbying to encourage further domestic deregulation and limit federal oversight of the energy industry, Skilling encouraged Enron executives to exploit to the hilt recent Securities and Exchange Commission rule changes... View Details

Keywords: by Martha Lagace; Energy; Utilities

22 Aug 2005
Research & Ideas

Restoring a Global Economy, 1950–1980

1970s, but its governments systematically discouraged wholly owned FDI [foreign direct investment], and restricted it to a low level. During the 1940s and early 1950s only the U.S. dollar was available as a major convertible currency. Elsewhere View Details

Keywords: by Geoffrey Jones

Web

Mammon: The Money Devil - Coin and Conscience – Baker Library | Bloomberg Center, Historical Collections

Vanity and Virtue Misers, Moneylenders, and Thieves Money Devil Biblical and Mythological Scenes Love and Money Politics and War Louis-Philippe Speculation and Credit Bankers, Financiers, and Statesmen Stock View Details

01 Oct 2001
Research & Ideas

How To Make Restructuring Work for Your Company

restructuring process be managed and the many barriers to restructuring overcome so that as much value is created as possible? 3. Marketing. How should the restructuring be explained and portrayed to investors so that value created inside the company is fully credited... View Details

Keywords: by Stuart C. Gilson

Web

Finance - Faculty & Research

Article Expectations of Returns and Expected Returns By: Robin Greenwood and Andrei Shleifer We analyze time-series of investor expectations of future stock market returns from six data sources between 1963 and 2011. The six measures of... View Details

Publications