Publications

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Returning to Work After a Break

As a "relauncher" herself, Carol Cohen (MBA 1985) understands the challenges of returning to work after multi-year career breaks. She has also engaged with hundreds of hiring managers to understand their biases and the risk they associate with hiring people who are... View Details

05 Aug 2015
News

Helping Women Executives Return to Work

Katerina Gould (MBA 1990), cofounder of Women Returners and founder of Thinking Potential, is helping executive women in the United Kingdom re-enter the workforce after extended career breaks. “They are going View Details

2019
Report

Prime Minister's Scientist Return to India (SRI) Program: Proposal

By: Prithwiraj Choudhury and Tarun Khanna

A Summary of a set of policies proposed to the Indian Government regarding return migration. View Details

Keywords: Return Migration; Policy; India

September 2019
Article

Household Matters: Revisiting the Returns to Capital Among Female Microentrepreneurs

By: Arielle Bernhardt, Erica Field, Rohini Pande and Natalia Rigol

Multiple field experiments report positive financial returns to capital shocks for male and not female microentrepreneurs. But these analyses overlook the fact that female entrepreneurs often reside with male entrepreneurs. Using data from experiments in India, Sri... View Details

Keywords: Capital Return; Entrepreneurship; Gender; Household; Capital

2021
Working Paper

Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer

By: Akash Chattopadhyay, Matthew R. Lyle and Charles C.Y. Wang

We outline a framework in which accounting “valuation anchors" could be connected to expected stock returns. Under two general conditions, expected log returns is a log-linear function of a valuation (market value-to-accounting) multiple and the expected growth in the... View Details

Keywords: Expected Returns; Present Value; Investment Return; Accounting; Valuation; Information; Framework

SSRN

09 Jul 2021
News

Three Ways Employers Can Best Support Caregivers Returning To Work

22 Jul 2015
News

Supporting a Return to Work for Women Execs

them really became a full-time career.” This was in the 1990s, when Gould had a management position in marketing and strategy at Reuters and before family-friendly HR policies, such as job-sharing, had caught on with many companies. She View Details

Keywords: Constantine von Hoffman; Goldman Sachs; Reuters; Management, Scientific, and Technical Consulting Services; Professional Services

28 Dec 2021
News

How Businesses Could Approach Return to Work in 2022

August 2019 (Revised September 2021)
Background Note

Analytical Tools in Private Equity: Return Bridge

By: Victoria Ivashina and Abhijit Tagade

This note explains the rationale and derivation behind “return bridge,” a key analytical tool used in the private equity industry to understand sources of value-add. The note elaborates on the advantages and the shortcomings of the return bridge. View Details

Keywords: Return Bridge; Private Equity; Value Creation; Analysis

Educators

Purchase

2021
Working Paper

Stock Investors' Returns Are Exaggerated

By: Jesse M. Fried, Paul Ma and Charles C.Y. Wang

The stock market generates less wealth than it appears. We show that total shareholder return (TSR), the standard measure of stock investor performance, substantially exaggerates returns earned by these investors in aggregate, and thus by most investors. The main... View Details

Keywords: All-shareholder Returns; Capital Flows; Dividend Reinvestment; Equity Premium; Total Shareholder Returns; Stocks; Investment Return; Market Timing

SSRN

09 Jul 2021
News

Three Ways Employers Can Best Support Caregivers Returning To Work

January 2021 (Revised February 2021)
Case

TCS: From Physical Offices to Borderless Work

By: Prithwiraj Choudhury and Malini Sen

Tata Consultancy Services (TCS), a multinational IT services company headquartered in Mumbai, is a subsidiary of one of India’s most reputed conglomerates, the Tata Group. In 2020, TCS was valued at $144.7 billion, the highest for any company in the IT sector,... View Details

Keywords: Remote Work; Organizational Structure; Change Management; Transformation; Decision Choices and Conditions; Customer Satisfaction; Information Technology Industry; India; Asia; United States; Europe

Educators

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January–February 2021
Article

Cross‐firm Return Predictability and Accounting Quality

By: Wen Chen, Mozaffar Khan, Leonid Kogan and George Serafeim

We test the hypothesis that if poor accounting quality (AQ) is associated with poor investor understanding of firms’ revenue and cost structures, then poor AQ stocks likely respond more slowly than good AQ stocks to new non‐idiosyncratic information that affects both... View Details

Keywords: Accounting Quality; Earnings Quality; Stock Returns; Investment Strategy; Accounting; Business Earnings; Quality; Investment Return; Investment; Strategy

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19 Apr 2021
News

Biggest risks in return to offices: Harvard remote work guru

October 18, 2021
Article

How to Reframe What Work Means to You

By: Hubert Joly

Our society often conceives of work as something we must endure so we can afford to do something else. The former CEO of Best Buy explains why this view has led to a crisis of engagement among leaders and employees alike, and offers a different model that he introduced... View Details

Keywords: Work; Meaning In Life; Employment; Attitudes; Perspective; Mission and Purpose

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2023
Working Paper

Avoiding Idiosyncratic Volatility: Flow Sensitivity to Individual Stock Returns

By: Marco Di Maggio, Francesco Franzoni, Shimon Kogan and Ran Xing

Despite positive and significant earnings announcement premia, we find that institutional investors reduce their exposure to stocks before earnings announcements. A novel result on the sensitivity of flows to individual stock returns provides a potential explanation.... View Details

Keywords: New Trading; Mutual Funds; Fund Flows; Limits To Arbitrage; Financial Constraints; Earnings Announcements; Institutional Investing; Stocks

SSRN