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  • All HBS Web  (7,920)
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  • December 2024
  • Article

Large Shocks Travel Fast

By: Alberto Cavallo, Francesco Lippi and Ken Miyahara
We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the pre-shock data, to interpret such a pattern. The calibration highlights the state-dependence of... View Details
Keywords: System Shocks; Price; Cost; Inflation and Deflation; Financial Institutions
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Cavallo, Alberto, Francesco Lippi, and Ken Miyahara. "Large Shocks Travel Fast." American Economic Review: Insights 6, no. 4 (December 2024): 558–574.

    Signaling with Dividends

    We outline a dividend signaling model that features investors who are behaviorally averse to dividend cuts. Managers with strong unobservable cash earnings separate by paying high dividends but retain enough to be likely not to fall short next period. The model is... View Details

    • 18 Oct 2012
    • News

    Three Methods of Persuasion You Can Copy From Obama and Romney (and one from Joe Biden that you should not copy)

      Amitabh Chandra

      Amitabh Chandra is the Henry and Allison McCance Family Professor of Business Administration at Harvard Business School where he is the Faculty Chair of the joint View Details

      • Spring 2024
      • Other Article

      Introduction: International Innovation & American Challenges

      By: William C. Kirby
      While the United States remains a leader in higher education, the largest systems of higher education today are in India and China, and new colleges and universities spread across the world have become the leading sites of ambitious experimentation.
      What are... View Details
      Keywords: Innovation Leadership; Trends; Global Range; Education Industry
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      Kirby, William C. "Introduction: International Innovation & American Challenges." Special Issue on Advances & Challenges in International Higher Education edited by Wendy Fischman, Howard Gardner & William C. Kirby. Daedalus 153, no. 2 (Spring 2024): 7–20.
      • 18 Apr 2023
      • HBS Seminar

      Daron Acemoglu, MIT

      • 17 Apr 2015
      • News

      The Key to Creating Socially Conscious Businesses

      • 11 Apr 2023
      • Research & Ideas

      Is Amazon a Retailer, a Tech Firm, or a Media Company? How AI Can Help Investors Decide

      health care, utilities, energy, real estate, and technology by as much as 2.5 percentage points on an annualized basis. The TOPICS method uses sophisticated financial models to spot hidden similarities in risk and return profiles among... View Details
      Keywords: by Danielle Kost; Consumer Products; Real Estate; Financial Services; Retail
      • June 2020
      • Case

      RBC: Transforming Transformation (A)

      By: Ethan Bernstein, Francesca Gino and Aldo Sesia
      In 2017, the Royal Bank of Canada (RBC), a Canadian financial icon, mandated a swat team of “enablers of collaboration” (their job description) to support the personal and commercial bank in the enterprise-wide RBC Cultural Transformation initiative. Historically,... View Details
      Keywords: Service Delivery; Information Technology; Transformation; Change Management; Collaborative Innovation and Invention; Innovation and Management; Decision Making; Human Resources; Management Systems; Organizational Design; Organizational Structure; Groups and Teams; Management Teams; Banking Industry; Financial Services Industry; Canada
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      Bernstein, Ethan, Francesca Gino, and Aldo Sesia. "RBC: Transforming Transformation (A)." Harvard Business School Case 920-008, June 2020.

        Frances X. Frei

        Frances Frei is a Professor of Technology and Operations Management at Harvard Business School. Her research investigates how leaders accelerate performance and design for excellence in leadership, strategy, and operations. She regularly advises senior executives... View Details

        Keywords: airline; banking; fast food; financial services; health care; hotels & motels; management consulting; media; nonprofit industry; professional services; retail financial services; service industry; sports; telecommunications; tourism; travel
        • 2017
        • Working Paper

        Identifying Sources of Inefficiency in Health Care

        By: Amitabh Chandra and Douglas O. Staiger
        In medicine, the reasons for variation in treatment rates across hospitals serving similar patients are not well understood. Some interpret this variation as unwarranted and push standardization of care as a way of reducing allocative inefficiency. However, an... View Details
        Keywords: Health Care and Treatment; Performance Efficiency; Performance Productivity; Mathematical Methods
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        Chandra, Amitabh, and Douglas O. Staiger. "Identifying Sources of Inefficiency in Health Care." NBER Working Paper Series, No. 24035, November 2017.
        • 06 Aug 2019
        • Working Paper Summaries

        Field-Level Paradox and the Co-Evolution of an Entrepreneurial Vision

        Keywords: by Ryan Raffaelli and Richard DeJordy; Manufacturing
        • 6 Dec 2012
        • Other Presentation

        Israel Competitiveness Snapshot

        By: Michael E. Porter
        This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Competitiveness," in The Global Competitiveness Report... View Details
        Keywords: Economics; Israel
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        Porter, Michael E. "Israel Competitiveness Snapshot." Meeting with the Mayor of Jerusalem, Boston, MA, December 6, 2012.
        • 21 Mar 2013
        • Other Presentation

        Building a Competitive Nigeria: The Role of the National Competitiveness Council of Nigeria

        By: Michael E. Porter
        This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Competitiveness," in The Global Competitiveness Report (World Economic... View Details
        Keywords: Economics; Nigeria
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        Porter, Michael E. "Building a Competitive Nigeria: The Role of the National Competitiveness Council of Nigeria." National Competitiveness Council of Nigeria, Lagos, Nigeria, March 21, 2013.
        • 25 Mar 2011
        • Other Presentation

        The Competitive Advantage of Nations and Regions: Implications for the Caribbean

        By: Michael E. Porter
        This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Competitiveness," in The Global Competitiveness Report... View Details
        Keywords: Economics; Trinidad and Tobago
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        Porter, Michael E. "The Competitive Advantage of Nations and Regions: Implications for the Caribbean." Distinguished Leadership and Innovation Conference, Arthur Lok Jack Graduate School of Business, Trinidad and Tobago, March 25, 2011.
        • 24 Jan 2012
        • Other Presentation

        Entrepreneurship and Competitiveness: Implications for Saudi Arabia

        By: Michael E. Porter
        This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Competitiveness," in The Global Competitiveness Report... View Details
        Keywords: Economics; Saudi Arabia
        Citation
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        Porter, Michael E. "Entrepreneurship and Competitiveness: Implications for Saudi Arabia." Global Competitiveness Forum, Riyadh, Saudi Arabia, January 24, 2012.
        • September 2015
        • Technical Note

        The On-Demand Economy

        By: Cynthia A. Montgomery, James Weber and Elizabeth Anne Watkins
        This note describes the emerging on-demand economy, also referred to as the sharing economy. The note highlights several companies including Uber and Airbnb that exemplify this new mode of competition, a model that threatens to disrupt traditional firms. Uber provides... View Details
        Keywords: Regulation; Reform; Disruption; Disruptive Innovation; Strategy; Technological Innovation; Labor; Employment; Working Conditions; Human Capital; Rights; Organizational Design; Social and Collaborative Networks; Service Industry
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        Montgomery, Cynthia A., James Weber, and Elizabeth Anne Watkins. "The On-Demand Economy." Harvard Business School Technical Note 716-405, September 2015.
        • 8 May 2003
        • Other Presentation

        The Competitive Advantage of Greece: Moving to the Next Level

        By: Michael E. Porter
        This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "Building the Microeconomic Foundations of Competitiveness" in The Global Competitiveness Report 2002, (World... View Details
        Keywords: Economics; Greece
        Citation
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        Porter, Michael E. "The Competitive Advantage of Greece: Moving to the Next Level." Institute for Strategy and Competitiveness, Athens, Greece, May 8, 2003.
        • March 2021 (Revised April 2021)
        • Case

        Wirecard: The Downfall of a German Fintech Star

        By: Jonas Heese, Charles C.Y. Wang and Tonia Labruyere
        Wirecard was a German fintech company, member of the DAX30, that provided payment processing and related services. Wirecard had enjoyed large growth rates over the years and most investors and analysts were enthusiastic about the company's prospects. Wirecard's... View Details
        Keywords: Accounting Fraud; Scandal; Accounting Audits; Accounting; Financial Reporting; Financial Institutions; Financial Markets; Corporate Governance; Governance Compliance; Corporate Accountability; Governance Controls; Financial Services Industry; Germany; Singapore; Dubai
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        Heese, Jonas, Charles C.Y. Wang, and Tonia Labruyere. "Wirecard: The Downfall of a German Fintech Star." Harvard Business School Case 121-058, March 2021. (Revised April 2021.)
        • 05 Nov 2019
        • News

        Bond mutual funds may hold riskier holdings than reported, NBER study finds

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