Filter Results:
(23)
Show Results For
- All HBS Web
(52)
- News (23)
- Research (23)
- Multimedia (2)
- Faculty Publications (11)
Show Results For
- All HBS Web
(52)
- News (23)
- Research (23)
- Multimedia (2)
- Faculty Publications (11)
Page 1 of 23
Results →
Sort by
- August 10, 2022
- Article
The Virtues of Stock Buybacks
By: Jesse M. Fried and Charles C.Y. Wang
Keywords: Stock Buybacks
Fried, Jesse M., and Charles C.Y. Wang. "The Virtues of Stock Buybacks." Wall Street Journal (August 10, 2022).
- Article
Are Buybacks Really Shortchanging Investment?
By: Jesse M. Fried and Charles C.Y. Wang
It’s no secret that the American economy is suffering from the twin ills of slow growth and rising income inequality. Many lay the blame at the doors of America’s largest public corporations. The charge? These firms prefer to distribute cash generated from their... View Details
Keywords: Economy; Investment; Stocks; Business and Shareholder Relations; Equality and Inequality; United States
Fried, Jesse M., and Charles C.Y. Wang. "Are Buybacks Really Shortchanging Investment?" Harvard Business Review 96, no. 2 (March–April 2018): 88–95.
- July 9, 2018
- Editorial
The Real Problem with Stock Buybacks
By: Jesse M. Fried and Charles C.Y. Wang
Fried, Jesse M., and Charles C.Y. Wang. "The Real Problem with Stock Buybacks." Wall Street Journal (July 9, 2018).
- Article
Sovereign Debt Buybacks Can Lower Bargaining Costs
By: J. J. Rotemberg
Rotemberg, J. J. "Sovereign Debt Buybacks Can Lower Bargaining Costs." Journal of International Money and Finance 10, no. 3 (September 1991): 330–348.
- Blog Post
Are Buybacks Really Shortchanging Investment?
By: Jesse Fried and Charles CY Wang
Fried, Jesse, and Charles CY Wang. "Are Buybacks Really Shortchanging Investment?" Harvard Law School Forum on Corporate Governance (March 19, 2018). https://corpgov.law.harvard.edu/2018/03/19/are-buybacks-really-shortchanging-investment/.
- February 20, 2019
- Editorial
Senators Take Aim at the Buyback Boogeyman
By: Jesse M. Fried and Charles C.Y. Wang
Fried, Jesse M., and Charles C.Y. Wang. "Senators Take Aim at the Buyback Boogeyman." Boston Globe (February 20, 2019).
- April 2, 2020
- Blog Post
Buyback Critics Are Not Letting the COVID-19 Crisis Go to Waste
By: Jesse M. Fried and Charles CY Wang
Fried, Jesse M., and Charles CY Wang. "Buyback Critics Are Not Letting the COVID-19 Crisis Go to Waste." Harvard Law School Forum on Corporate Governance (April 2, 2020). https://corpgov.law.harvard.edu/2020/04/02/buyback-critics-are-not-letting-the-covid-19-crisis-go-to-waste/.
- Article
A Better Way to Assess Managerial Performance
Total shareholder return (TSR) has become the definitive metric for gauging performance. Unlike accounting measures such as revenue growth or earnings per share that reflect the past, TSR is based on share price and thus captures investor expectations of what will... View Details
Keywords: Total Shareholder Return; Buybacks; Core Operating Shareholder Return; Management; Operations; Performance; Measurement and Metrics
Desai, Mihir, Mark Egan, and Scott Mayfield. "A Better Way to Assess Managerial Performance." Harvard Business Review 100, no. 2 (March–April 2022): 134–141.
- Article
Short-Termism and Capital Flows
By: Jesse M. Fried and Charles C.Y. Wang
During 2007–2016, S&P 500 firms distributed to shareholders $7 trillion via buybacks and dividends, over 96% of their aggregate net income, prompting claims that "short-termism" is impairing firms' ability to invest and innovate. We show that, when taking into account... View Details
Keywords: Short-termism; Quarterly Capitalism; Share Buybacks; Open Market Repurchases; Dividends; Equity Issuances; Seasoned Equity Offerings; Equity Compensastion; Acquisitions; Payout Policy; Capital Flows; Capital Distribution; Working Capital; Business and Shareholder Relations; Acquisition
Fried, Jesse M., and Charles C.Y. Wang. "Short-Termism and Capital Flows." Review of Corporate Finance Studies 8, no. 1 (March 2019): 207–233.
- November 2007 (Revised June 2016)
- Case
British Land
By: Lucy White
British Land's shares traded below NAV. Laxey investments tried to force British Land into share buybacks and criticized its corporate governance. Laxey voted borrowed shares at the AGM. View Details
Keywords: Stock Shares; Valuation; Property; Investment; Corporate Governance; Real Estate Industry; London
White, Lucy. "British Land." Harvard Business School Case 208-064, November 2007. (Revised June 2016.)
- 06 Mar 2018
- First Look
First Look at Research and Ideas, March 6, 2018
the heterogeneous payment requirements across the multiple payers and health plans contracting with the academic health center. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=54127 March–April 2018 Harvard Business Review Are View Details
Keywords: Sean Silverthorne
- August 2023 (Revised February 2024)
- Case
DexAI
By: Jo Tango and Christina Wallace
During a challenging fundraising environment, the DexAI founders received two term sheets with nearly identical economic terms but very different legal ones. The entrepreneurs had to navigate: representations and warranties (their personal guarantees that the company's... View Details
- 24 Jan 2017
- First Look
First Look at New Research: January 24, 2017
shareholders more than $3.95 trillion via stock buybacks and $2.45 trillion via dividends—$6.4 trillion in total. These shareholder payouts amounted to over 93% of the firms' net income. Academics, corporate lawyers, asset managers, and... View Details
Keywords: Sean Silverthorne
- 24 Jan 2024
- Op-Ed
Why Boeing’s Problems with the 737 MAX Began More Than 25 Years Ago
corporate executives from its engineering and product decisions and alienated its Seattle-based engineers. Leader turnover, ethical lapses, and buybacks After Condit resigned in 2003 following an ethics scandal, Boeing’s board convinced... View Details
- 28 Apr 2014
- Working Paper Summaries
Payout Policy
- 15 Jul 2019
- Book
Many Executives Are Afraid of Finance. Here's How They Can Gain Confidence
disproportionate stock price hit to an earnings miss reflects that informational problem. The promise of private equity involves solving that gap between owners and managers. Buybacks must be interpreted in that context as either... View Details
Keywords: by Dina Gerdeman
- 29 Aug 2018
- What Do You Think?
What Should Harley-Davidson’s Management Do?
million stock buyback. Then, in January 2018, Harley-Davidson’s management announced plans to close its Kansas City plant, putting 800 workers out of work and moving 450 of those jobs elsewhere in the United States. The stock buyback was... View Details
- 06 Dec 2021
- Research & Ideas
The Popular Stock Metric That Can Lead Investors Astray
time. Stock buybacks and dividends, which lower cash and the book value of equity, also distort the book-to-market ratio, the researchers argue. It is no accident that the rising popularity of buybacks and... View Details
Keywords: by Rachel Layne
- 12 Jun 2018
- First Look
New Research and Ideas, June 12, 2018
simplifying decisions. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=53178 Short-Termism and Capital Flows By: Fried, Jesse M., and Charles C.Y. Wang Abstract—During the period 2007–2016, S&P 500 firms distributed to shareholders more than... View Details
Keywords: Dina Gerdeman
- 04 Dec 2018
- First Look
New Research and Ideas, December 4, 2018
to shareholders $7 trillion via buybacks and dividends, over 96% of their aggregate net income, prompting claims that "short-termism" is impairing firms' ability to invest and innovate. We show that, when taking into account both direct... View Details
Keywords: Dina Gerdeman