Publications

August 1989 (Revised July 1993)
Supplement

Harper Chemical Co., Inc., Addendum

Provides additional quantitative exhibits, including a pro forma income statement and break-even calculations for the operation and makes assumptions about marketing strategy. A rewritten version of an earlier case. View Details

Keywords: Marketing Strategy; Financial Statements; Chemical Industry

25 Jul 2003
Keynote Speech

The Impact of Sarbanes-Oxley and the NYSE Rules on American Corporate Governance

By: W. Carl Kester

Keywords: Stocks; Corporate Governance; Accounting Audits; United States

03 Dec 2018
Research & Ideas

How Companies Can Increase Market Rewards for Sustainability Efforts

flavijus For the first time, a link has been drawn between public sentiment about a company’s sustainability practices and how that company is valued in the market. The results are important both for investors searching for under-valued, socially responsible companies,... View Details

Keywords: by Rachel Layne

February 1992 (Revised May 1995)
Supplement

CUC International, Inc. (C)

By: Krishna G. Palepu and Paul M. Healy

Describes analysts' and investors' reaction to CUC's initial response. View Details

Keywords: Financial Reporting; Business and Shareholder Relations

February 1992 (Revised May 1995)
Supplement

CUC International, Inc. (B)

By: Krishna G. Palepu and Paul M. Healy

Describes CUC's initial response to investors' concerns about the firm's accounting. Students are asked to evaluate this response. View Details

Keywords: Financial Reporting; Business and Shareholder Relations

1998
Other Unpublished Work

Pursuing Value: The Information Reporting Gap in the United Kingdom

By: Robert G. Eccles Jr. and Ian Coleman

Keywords: Capital Markets; Performance; Financial Reporting; United Kingdom

March 2011 (Revised October 2011)
Case

Mittel Technologies, AG

By: David F. Hawkins

CFO of German heavy equipment manufacturer examines through company examples potential impact of proposed changes to revenue recognition rules. View Details

Keywords: Revenue Recognition; Manufacturing Industry; Germany

22 Sep 2014
Op-Ed

Online Banks Fill Funding Needs for Small Business

always been alternative forms of loan capital available, including credit unions, Community Development Financial Institutions (CDFIs), merchant cash advances, equipment leasing and factoring products. “Alternative players have the... View Details

Keywords: by Karen Mills; Financial Services; Financial Services

01 Jun 2015
News

Research Brief: If State Pensions Clean Up Their Books, Who Pays?

funding levels but that they’ll cut benefits,” Allen says. And that makes both politicians and union bosses unpopular. It’s understandable that state governments, like corporations, lobby for their own interests—which may mean supporting looser View Details

Keywords: Erin Peterson

April 2004 (Revised April 2011)
Case

Enron Corporation: May 6, 2001 Sell Recommendation

By: David F. Hawkins and Jacob Cohen

A consulting firm to institutional investors recommends selling Enron Corp.'s equity short on May 6, 2001, while many sellside analysts are recommending the stock as a "buy." View Details

Keywords: Judgments; Financial Reporting; Investment; Competency and Skills; Financial Statements; Consulting Industry

July 2002 (Revised March 2005)
Case

Kendall Square Research Corporation (A) (Abridged)

By: William J. Bruns Jr. and F. Warren McFarlan

Kendall Square Research was a small competitor in the supercomputer industry. Sales grew rapidly in 1992 and early 1993, and the company sold stock to the public for the first time. Analysts forecasted higher earnings for 1993, then the company's revenue recognition... View Details

Keywords: Revenue Recognition; Standards; Accounting Audits; Computer Industry

Find at Harvard

November 2010
Case

Morgan Asset Management

By: Boris Groysberg, Paul M. Healy and Sarah Abbott

It is 2010 and Guillermo Araoz, the equity research director at Morgan Asset Management (MAM), is considering his research budget for the year. Due to recent declines in the equity markets and MAM's sale of its mutual funds business, MAM has seen a decline in its... View Details

Keywords: Budgets and Budgeting; Asset Management; Financial Strategy; Investment; Resource Allocation; Research and Development; Financial Services Industry

30 Oct 2006
First Look

First Look: October 31, 2006

Working PapersHow Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages Authors:Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan, and Selin Sayek Abstract The empirical... View Details

Keywords: Sean Silverthorne

May 2004 (Revised March 2005)
Case

SOX-POX?

By: Jay W. Lorsch

Describes the experiences of audit committee chairmen in responding to and implementing the Sarbanes-Oxley Act. Teaching Purpose: To help students understand the impact of the Sarbanes-Oxley Act on audit committees. View Details

Keywords: Government Legislation; Financial Reporting; Laws and Statutes; Accounting Audits

Find at Harvard

19 Mar 2006
Research & Ideas

Unlocking Your Investment Capital

size of the company's assets? The management of financial risks is not just a matter of "protecting" the firm against adverse events. A: As an accounting identity, the total value and the total... View Details

Keywords: by Ann Cullen; Financial Services

08 Oct 2015
Working Paper Summaries

Market Reaction to Mandatory Nonfinancial Disclosure

Keywords: by Jyothika Grewal, Edward J. Riedl & George Serafeim

12 Oct 2010
Working Paper Summaries

Crashes and Collateralized Lending

Keywords: by Jakub W. Jurek & Erik Stafford; Financial Services; Financial Services

November 2010 (Revised December 2011)
Supplement

Oriflame S.A. (C)

By: David F. Hawkins and Karol Misztal

Notes from Oriflame's 2009 annual report relevant to the assessment of the monetary impact of Oriflame's FX risk management actions. View Details

Keywords: Financial Reporting; Financial Statements; International Accounting; Currency Exchange Rate; Annual Reports; Management Analysis, Tools, and Techniques; Risk Management; Standards; Beauty and Cosmetics Industry