Publications

24 Dec 2013
First Look

First Look: December 24

accounts for more than a quarter of the overall increase in labor supply to the private sector during 1986-2005. Using the reform to instrument for private-sector labor supply, we find that private-sector labor demand is very elastic. We... View Details

Keywords: Carmen Nobel

18 Sep 2013
Research & Ideas

Excerpt: Manufacturing Morals

School alumnus helped secure newly consecrated bells both for the School and for Harvard College. (The acquisition and consecration of the new bells occurred upon the return of the original bells to Russia.) This time around, the School was View Details

Keywords: Education

September 2017
Case

Blackstone's Julia Kahr at the Summit

By: Paul A. Gompers, John D. Dionne and Amram Migdal

In 2009, Blackstone, the New York-based alternative asset and financial services firm, committed to invest up to $750 million into Summit Materials, a new company in the aggregates sector (i.e., construction materials, such as crushed stone, sand, gravel, cement,... View Details

02 Feb 2010
First Look

First Look: Feb. 2

level thanks to the extreme form of fiscal decentralization that the Brazilian government adopted in the Constitution of 1891, which gave states the sole right to tax exports. We also use indices of export prices for each state as View Details

Keywords: Martha Lagace

May 2024 (Revised May 2025)
Case

Hakluyt: From Corporate Intelligence to Trusted Advisors

By: Joseph B. Fuller and Lena Duchene

Established in 1995 by a group of ex-British intelligence officers, Hakluyt & Company (Hakluyt) was a corporate advisory firm that generated insights by leveraging a unique blend of internal expertise and a global network of well-connected individuals. Since 2019, the... View Details

January 2011 (Revised January 2015)
Case

Matrix Capital Management (A)

By: Malcolm P. Baker and David Lane

Ben Balbale, a partner at hedge fund Matrix Capital, must decide whether to exit their investment in Rovi Corporation, a company with a diverse portfolio of patents used primarily for digital interactive guides. Rovi's shares are up over 50% from the time Balbale... View Details

Keywords: Forecasting and Prediction; Asset Management; Cash Flow; Stock Shares; Financial Markets; Investment Funds; Measurement and Metrics; Mathematical Methods; Strategy; Valuation; Financial Services Industry

14 Nov 2011
Research & Ideas

Creating a Global Business Code

cooking the books, keep promises, respect and protect human rights, and refrain from bribery. The research team created a codex of widely endorsed standards based on these similarities. Phase 2 of the project focused on developing a survey View Details

Keywords: by Carmen Nobel

01 Mar 2019
News

Building a Movement

nonprofit and social sector. Greg Dees, Kash Rangan, and others were instrumental in this effort, which told students that they could be entrepreneurs. It was validation that it was important and even urgent for them to do so. Nowadays... View Details

01 Apr 2014
First Look

First Look: April 1

powerful instruments a manager can use to influence the take-up of her product, especially in a subsidized and noncompetitive market as is common for global health products. However, the question of whether and how to price has been the... View Details

Keywords: Sean Silverthorne

22 May 2012
First Look

First Look: May 22

constraints. Moreover, we provide evidence that both of the hypothesized mechanisms, better stakeholder engagement and transparency around CSR performance, are important in reducing capital constraints. The results are further confirmed using an View Details

Keywords: Sean Silverthorne

2010
Working Paper

Just Say No to Wall Street: Putting A Stop to the Earnings Game

By: Joseph Fuller and Michael C. Jensen

Putting an end to the "earnings game" requires that CEOs reclaim the initiative by avoiding earnings guidance and managing expectations in such a way that their stocks trade reasonably close to their intrinsic value. In place of earnings forecasts, management should... View Details

Keywords: Stocks; Performance Expectations; Goals and Objectives; Risk and Uncertainty; Growth and Development Strategy; Decisions; Risk Management; Budgets and Budgeting; Earnings Management; Value; Projects