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  • All HBS Web  (41)
    • News  (13)
    • Research  (27)
  • Faculty Publications  (9)

Show Results For

  • All HBS Web  (41)
    • News  (13)
    • Research  (27)
  • Faculty Publications  (9)
Page 1 of 41 Results →
  • February 2011
  • Article

Target Ratcheting and Effort Reduction

By: J. Bouwens and Peter Kroos
In this paper, we examine how retail store managers reduce their sales activity in response to target ratcheting. We find that managers with favorable sales performance in the first three quarters reduce their sales activity in the final quarter. We also document that... View Details
Keywords: Target-setting; Ratchet Effect; Manipulating Real Economic Activities; Goals and Objectives; Strategy; Performance Evaluation; Sales
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Bouwens, J., and Peter Kroos. "Target Ratcheting and Effort Reduction." Journal of Accounting & Economics 51, nos. 1-2 (February 2011): 171–185.
  • 01 Oct 2009
  • Working Paper Summaries

Systemic Risk and the Refinancing Ratchet Effect

Keywords: by Amir E. Khandani, Andrew W. Lo & Robert C. Merton; Construction; Real Estate
  • 2009
  • Working Paper

Systemic Risk and the Refinancing Ratchet Effect

By: Amir E. Khandani, Andrew W. Lo and Robert C. Merton
The confluence of three trends in the U.S. residential housing market—rising home prices, declining interest rates, and near-frictionless refinancing opportunities—led to vastly increased systemic risk in the financial system. Individually, each of these trends is... View Details
Keywords: Housing; Mortgages; Risk and Uncertainty; Value; Mathematical Methods; Real Estate Industry; United States
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Khandani, Amir E., Andrew W. Lo, and Robert C. Merton. "Systemic Risk and the Refinancing Ratchet Effect." NBER Working Paper Series, No. 15362, September 2009.
  • 2009
  • Working Paper

Systemic Risk and the Refinancing Ratchet Effect

By: Amir E. Khandani, Andrew W. Lo and Robert C. Merton
The confluence of three trends in the U.S. residential housing market-rising home prices, declining interest rates, and near-frictionless refinancing opportunities-led to vastly increased systemic risk in the financial system. Individually, each of these trends is... View Details
Keywords: Equity; Mortgages; Interest Rates; Price; Housing; Risk and Uncertainty; United States
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Khandani, Amir E., Andrew W. Lo, and Robert C. Merton. "Systemic Risk and the Refinancing Ratchet Effect." Harvard Business School Working Paper, No. 10-023, September 2009. (Revised July 2010.)
  • 2018
  • Working Paper

Ratcheting, Competition, and the Diffusion of Technological Change: The Case of Televisions Under an Energy Efficiency Program

By: Tomomichi Amano and Hiroshi Ohashi
In differentiated goods markets with societal implications, quality standards are commonly implemented to avoid the under-provision of innovation. Firms have clear incentives to engage in strategic behavior because policymakers use market outcomes as a benchmark in... View Details
Keywords: Product Differentiation; Energy Efficiency Standards; Ratcheting; Diffusion Of Innovation; Technological Innovation; Competition; Quality; Governing Rules, Regulations, and Reforms; Policy
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Amano, Tomomichi, and Hiroshi Ohashi. "Ratcheting, Competition, and the Diffusion of Technological Change: The Case of Televisions Under an Energy Efficiency Program." Harvard Business School Working Paper, No. 19-021, September 2018.
  • 25 Apr 2012
  • News

Moonves' $69M Pay Shows How Boards Manipulate Data

  • 11 Aug 2022
  • News

These Families Thought Food Inflation Was Bad in 2021. It Only Got Worse

  • 25 Oct 2017
  • News

Corporate America's insistence on four-year degrees is a costly mistake

  • 30 Nov 2014
  • News

Even Among Harvard Graduates, Women Fall Short of Their Work Expectations

  • 30 Apr 2018
  • News

BofA’s Gun Dilemma Is Just the Start

  • 29 Sep 2009
  • First Look

First Look: September 29

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1471435 Systemic Risk and the Refinancing Ratchet Effect Authors:Amir E. Khandani, Andrew W. Lo, and Robert C. Merton Abstract The confluence of three trends in the U.S. residential... View Details
Keywords: Martha Lagace

    Hidden Brain: Collective Emotions

    This week, we kick off our new series, Emotions 2.0, with a special double episode about the emotions we experience with other people. We often think that emotions like happiness or sadness live inside our individual minds. But if you’ve ever gone to a music... View Details
    • October 2007
    • Case

    The AtekPC Project Management Office

    By: F. Warren McFarlan, Mark Keil and John Hupp
    Presents one company's efforts to implement a project management organization, or PMO, and the challenges they faced in doing so. Issues brought out in the case include defining the PMO's purpose and mission, the structure and governance of the PMO, and how to... View Details
    Keywords: Projects; Goals and Objectives; Technological Innovation; Information Technology; Business Strategy; Mathematical Methods; Consulting Industry
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    McFarlan, F. Warren, Mark Keil, and John Hupp. "The AtekPC Project Management Office." Harvard Business School Case 308-049, October 2007.
    • Article

    How to Really Motivate Salespeople

    By: Doug J. Chung
    Much of what we believe about the best ways to compensate and motivate the sales force is based on theory and lab experiments. But in the past decade, researchers have been moving out of the lab and into the field, analyzing companies' sales and pay data, and... View Details
    Keywords: Compensation; Motivating People; Motivation and Incentives; Compensation and Benefits; Sales
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    Chung, Doug J. "How to Really Motivate Salespeople." Harvard Business Review 93, no. 4 (April 2015): 54–61.

      How to Really Motivate Salespeople

      Much of what we believe about the best ways to compensate and motivate the sales force is based on theory and lab experiments. But in the past decade, researchers have been moving out of the lab and into the field, analyzing companies' sales and pay data, and... View Details
      • 20 Nov 2012
      • Working Paper Summaries

      Pay Harmony: Peer Comparison and Executive Compensation

      Keywords: by Claudine Gartenberg & Julie Wulf
      • 16 Aug 2011
      • First Look

      First Look: August 16

        PublicationsThe World Bank and Democratic Accountability: The Role of Civil Society Authors:Alnoor Ebrahim and Steve Herz Publication:Chap. 3 in Building Global Democracy? Civil Society and Accountable Global Governance, edited by Jan Aart Scholte, Cambridge... View Details
      Keywords: Sean Silverthorne
      • 05 Aug 2022
      • Research & Ideas

      Why People Crave Feedback—and Why We’re Afraid to Give It

      feedback and appreciated it when they got it." In another experiment, the team ratcheted up the stakes by inviting two people who knew each other well—such as romantic partners and close friends—into the laboratory, and then randomly... View Details
      Keywords: by Michael Blanding
      • 06 Jul 2023
      • News

      Lessons from Major League Baseball's Game-Changing Innovations

      and interesting. By ratcheting that number down, it creates a more engaging experience when you go to the ballpark. It makes a difference when you're watching on television. And you're just more inclined to be able to pay attention to the... View Details
      • 22 Oct 2019
      • Research & Ideas

      Use Artificial Intelligence to Set Sales Targets That Motivate

      to do only the minimum necessary to get their bonus, lest the company sets a too-high goal next year. “An employee says I know I can do 120 percent, but I am not going to do it,” Chung says. “You are penalizing the high performers.” Besides, a compensation plan that... View Details
      Keywords: by Michael Blanding
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