Financial Decisions - Publications - Faculty & Research

20 Feb 2019
News

Dean Nohria: Business Schools have a Vital Role in Teaching Trust

In a recent opinion piece in The Financial Times, Dean Nitin Nohria outlines the School’s commitment to educating leaders who are “deeply committed to values and ethics.” “Business schools—including HBS—must teach students how to be... View Details

March 2005
Article

Short- and Long-term Demand Curves for Stocks: Theory and Evidence on the Dynamics of Arbitrage

By: Robin Greenwood

I develop a framework to analyze demand curves for multiple risky securities at extended horizons in a setting with limits-to-arbitrage. Following an unexpected change in uninformed investor demand for several assets, I predict returns of each security to be... View Details

Keywords: Limits To Arbitrage; Event Studies; Demand Curves; Portfolio Choice; Framework; Demand and Consumers; Change; Risk and Uncertainty; Debt Securities; Forecasting and Prediction; Stocks; Assets; Investment Portfolio; System Shocks; Price; Japan

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April–May 2017
Article

Career Concerns of Banking Analysts

By: Joanne Horton, George Serafeim and Shan Wu

We study how career concerns influence banking analysts' forecasts and how their forecasting behavior benefits both them and bank managers. We show that banking analysts issue early in the year relatively more optimistic and later in the year more pessimistic forecasts... View Details

Keywords: Sell-side Analysts; Analyst Forecasts; Analysts; Investment Recommendations; Career Advancement; Career Management; Labor Mobility; Labor Market; Prejudice and Bias; Personal Development and Career; Forecasting and Prediction; Investment Banking

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13 Jun 2017
First Look

First Look at New Research and Ideas, June 13

https://www.hbs.edu/faculty/Pages/item.aspx?num=52729 May 2017 Judgment and Decision Making Is Saving Lives Your Task or God's? Religiosity, Belief in God, and Moral Judgment By: Barak-Corren, Netta, and Max Bazerman Abstract—Should a... View Details

Keywords: Sean Silverthorne

18 Jun 2013
First Look

First Look: June 18

account for horizontal peer comparison when designing executive wage contracts and that this comparison has productivity consequences for firms. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=43633 How Do Risk Managers Become Influential? A Field Study in... View Details

Keywords: Anna Secino

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Crisis Leadership - Bubbles, Panics & Crashes – Historical Collections – Harvard Business School

change ingrained habits and emerge as industry leaders. One such firm was the renowned Waltham Watch Company, which pioneered the production of watches from interchangeable parts. Like all manufacturers of non-essential products, Waltham leadership faced difficult... View Details

Profile

Justine Lelchuk

each day has in store for me. Finally, I was looking for a company that valued training and would support my decision to go to grad school." Deloitte Consulting met the criteria, placing her in a rotational program that exposed... View Details

21 Nov 2005
Research & Ideas

The Geography of Corporate Giving

Academy of Management Review, HBS professor Christopher Marquis and coauthors Gerald Davis and Mary Ann Glynn develop a framework for understanding an important aspect of this issue: how social and governmental forces in local communities influence corporate View Details

Keywords: by Sean Silverthorne

Profile

Frank Spencer

dramatic increase in personnel. "We had an incredible staff in place," he explains. "The team just needed a coach to get them organized to run the right plays." He cites HBS for providing that know-how, and more: "Do we need to be able to build... View Details

Keywords: Real Estate; Services

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George Pierce Baker Courtyard | About

Dean included the reorganization of the faculty along updated subject areas, revisions in the MBA Program to give more weight to emerging fields of knowledge, the broadening of financial aid, the admission of women as full participants in... View Details

27 Oct 2020
News

HBS Votes

Ballou-Aares told the Financial Times. HBS Professor Michael Porter, an advisor to Leadership Now who also signed the letter, noted that “business leaders need to throw their support [behind] democratic processes at a time when public... View Details

November 2008
Journal Article

Can Research Committees Add Value for Investors? An Analysis of Lehman Brothers' Ten Uncommon Values® Recommendations

By: Boris Groysberg, Paul M. Healy and Yang Gui

Since 1949 Lehman Brothers has used an investment committee to select the top ten recommendations made by its analysts each year. We examine the performance of this committee's recommendations and find that on average its selections generated abnormal returns of 2.7%... View Details

Keywords: Forecasting and Prediction; Stocks; Financial Markets; Investment; Investment Return; Governing Rules, Regulations, and Reforms; Performance Expectations; Groups and Teams; Research; Value Creation

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25 May 2010
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First Look: May 25

threat—it can also reveal significant underlying heterogeneity in the old technology's broader demand environment. This heterogeneity is a source of opportunities that can support a new position for the old technology, in either the current market or a new one. Using... View Details

Keywords: Martha Lagace

October 1984
Case

Citibank Indonesia

Describes a dilemma faced by Citibank's country manager for Indonesia. His superiors have asked him to raise his profit goal for 1984. But to produce increased profits he would either have to reduce the amount lent at below-market rates, particularly to prime customers... View Details

Keywords: Cost vs Benefits; Multinational Firms and Management; Banks and Banking; Banking Industry; Indonesia

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07 Dec 2010
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First Look: Dec. 7

Publisher's Link: http://hbr.org/product/seven-strategy-questions-a-simple-approach-for-bet/an/14832-HBK-ENG Competing against Online Sharing Authors:Ramon Casadesus-Masanell and Andres Hervas-Drane Publication:Management Decision 48, no.... View Details

Keywords: Sean Silverthorne

13 Jul 2022
Book

Reimagining the Economy: What Would It Take to Put People First?

more than the average worker in US companies), in executive hiring, or in their organization’s adjustments to health or financial crises. Instead, especially in nonunionized workplaces, control over these View Details

Keywords: by Avery Forman

01 Oct 1998
News

Value Added

first non-Westerner to hold that position) in 1994 at the age of 45, Gupta stresses that his duties bear little resemblance to those of a corporate CEO. "The partners in the field make most of the operational decisions and bear most of... View Details

Keywords: James E. Aisner

01 Dec 2015
News

Truth in Lending

Illustration by Jon Krause What percentage of managers do you think steal from their companies? Your answer to that question can tell a financial institution a lot about your creditworthiness, says DJ DiDonna (MBA 2010), cofounder and... View Details

Keywords: April White

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BiGS Research | Institute for Business in Global Society

on race, gender, and other characteristics continue to present serious challenges, both in the workplace and in broader society. Purpose of the Firm Companies are increasingly evaluated not just on their financial performance but on their... View Details