Friction - Publications - Faculty & Research

24 May 2018
Research & Ideas

Distance Still Matters in Business, Despite the Internet

you and your coauthors suggest that the idea that the internet is the “death of distance” is overstated. Could you discuss a bit how the internet/web does and does not reduce geography as a friction point for getting business done? Shane... View Details

Keywords: by Sean Silverthorne; Transportation; Telecommunications; Shipping; Publishing; Technology

Web

Research - Behavioral Finance & Financial Stability

Info Segmented Arbitrage By: Adi Sunderam , Emil Siriwardane & Jonathan Wallen NOV 2021 Financial intermediaries play a key role in determining asset prices. The authors use arbitrage activity in equity, fixed income, and foreign exchange markets to characterize the... View Details

Web

Becoming an Entrepreneur - Alumni

friction from ecommerce shopping, or applying Big Data to achieve supply chain efficiencies Enthusiasm for a particular industry or "space," such as IoT or green energy initiatives For those who recognize themselves as founders, the next... View Details

14 Oct 2021
In Practice

Reunited and It Feels (Not) So Good: Tips for Managing a Rocky Return

such friction by implementing rigid policies based on the presumption that they have correctly anticipated how the pandemic will evolve. Designing and implementing any durable policy requires having a firm grasp of what the world—the “new... View Details

Keywords: by Kristen Senz

01 Mar 2024
News

Alumni and Faculty Books and Podcasts

Edited by Margie Kelley Alumni Books You Got This! A Straightforward, No-Nonsense Playbook for Crushing 130+ Workplace Challenges By Heidi Abelli (MBA 1993) Palmetto Publishing Stepping into the corporate world can feel like navigating a labyrinth, especially when... View Details

Keywords: Publishing Industries (except Internet); Information

11 Apr 2012
Research & Ideas

The High Risks of Short-Term Management

profits (or worse, the short-term benefits come at the expense of long-term value creation). This phenomenon does not come out of the blue, but is attributable to fundamental frictions in capital markets related to the uncertainty of... View Details

Keywords: by Sean Silverthorne; Financial Services

07 Sep 2021
Research & Ideas

Who Pays For Wildfire and Hurricane Damage? Everyone.

New Mexico homeowners might think their inland location buffers them from the financial toll of climate change, but they’re still paying for climate-related property damage occurring in coastal states. New research finds that homeowners in New Mexico and other states... View Details

Keywords: by Kristen Senz; Insurance

26 Jun 2023
Blog Post

ClimateCAP 2023 & ClimateCAP Fellowship

complicated, time-consuming, and costly. We are building an end-to-end issuance platform that removes these frictions and brings in more supply of high-quality carbon credits to the market. The ClimateCAP programming has been helpful in... View Details

Web

Understanding Entrepreneurial Opportunity in Kazakhstan - Global Activities 2020

proceed with the IPO on October 15, 2020. The move proved fruitful—Kaspi.kz was oversubscribed by five times and valued at $6.5 billion. “At the end, Kaspi.kz London IPO was a success,” observes Ivashina, “but the case illustrates the significant View Details

19 May 2021
Op-Ed

Why America Needs a Better Bridge Between School and Career

Accomplishing that requires permanent, work-based learning programs that support educators’ degree-granting programs and employers’ hiring strategies. Closing the gaps and reducing the frictions between completing one’s education and... View Details

Keywords: by Joseph B. Fuller and Rachel Lipson

01 Mar 2021
What Do You Think?

What Does Remote Work Mean for Middle Managers?

defensive for years. Organizations have been delayering—eliminating middle management jobs—to try to be more agile, with faster decision making and execution. Downsizing in the name of economies of scale has hit middle management hard. Some regard middle managers as a... View Details

Keywords: by James Heskett

28 Apr 2003
Research & Ideas

Supply Chain Risk: Deal With It

will often consider the giant risk but ignore the smaller risks that create friction in the supply chain," says M. Eric Johnson, director of the Center for Digital Strategies at Dartmouth College's Tuck School of Business in Hanover,... View Details

Keywords: by David Stauffer

Web

Finance Awards & Honors - Faculty & Research

: Winner of the 2014 Top Finance Graduate Award from the Center for Financial Frictions (FRIC) and the Department of Finance at Copenhagen Business School. Luis M. Viceira : First Arthur Warga Award for the Best Paper in Fixed Income from... View Details

01 Jun 2024
News

Alumni and Faculty Books

Edited by Margie Kelley Alumni Books Debunking Teenagers: 200 Research-Based Parenting Strategies to Help Your Adolescent Successfully Navigate the “Tempteen” Years By Daphne Adler (MBA 2004) Independently Published Why are teenagers constantly tempted to behave... View Details

05 Dec 2013
What Do You Think?

Is Walmart Defying Economic Gravity?

Summing Up When Does Friction Trump Scale in the Corporate Life Cycle? This month's column raised the issue of size limits on an organization's ability to compete In today's global economy. The specific case in point was Walmart and... View Details

Keywords: by James Heskett; Retail

07 Aug 2018
News

DreamBox Learning Breaks New Ground

the team to really win. In the beginning, some people didn’t like it when I used that phrase because they felt that friction is a negative thing, and they didn’t want to have any friction with their... View Details

07 May 2018
Research & Ideas

Why Online Retailers Should Hide Their Best Discounts

right approach.” In the new working paper The Impact of Increasing Search Frictions on Online Shopping Behavior: Evidence from a Field Experiment, Teixeira and HBS Assistant Professor Donald Ngwe propose that online stores take a page... View Details

Keywords: by Michael Blanding; Retail

Web

Ken Peterson | About

the scholar and the research content they need for their scholarship or teaching. Before joining the Harvard Business School, he held several library leadership roles at both public and private institutions where his efforts focused on reducing the View Details

Web

Livia Alfonsi | Working Knowledge

Livia Alfonsi Assistant Professor of Business Administration Livia is a development economist whose research focuses on labor market frictions and determinants of labor market participation in low-income settings, with a particular... View Details

Student-Profile

Yueran Ma

growing up also had a major influence on my interests in finance. I travelled with my family in China, and everywhere I saw firms and entrepreneurs struggling to raise funding as the financial system was riddled with frictions and... View Details

Publications