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  • 2024
  • Working Paper

The Golden Revolving Door

By: Ling Cen, Lauren Cohen, Jing Wu and Fan Zhang
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade tensions, we show a counterintuitive pattern in global trade. Namely, while the average firm trading with these nations significantly decreases their... View Details
Keywords: Trade; Business and Government Relations; International Relations
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  • 29 Aug 2024
  • News

The Golden Revolving Door

  • January 2020
  • Article

The Job Rating Game: Revolving Doors and Analyst Incentives

By: Elisabeth Kempf
Investment banks frequently hire analysts from rating agencies. While many argue that this "revolving door" creates captured analysts, it can also create incentives to improve accuracy. To study this issue, I construct an original dataset, linking analysts to their... View Details
Keywords: Credit Rating Agencies; Investment Banking; Recruitment; Performance Evaluation; Financial Services Industry
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  • 2014
  • Working Paper

Crony Capitalism, American Style: What Are We Talking About Here?

By: Malcolm S. Salter
This paper seeks to reduce the ambiguity surrounding our understanding of what crony capitalism is, what it is not, what costs crony capitalism leaves in its wake, and how we might contain it. View Details
Keywords: Democracy; Industrial Governance; Institutional Corruption; Crony Capitalism; Lobbying; Campaign Finance; Costs; Cronyism; Business Ethics; Campaign Finance Reform; Revolving Door; Economic Systems; Ethics; Political Elections; Financing and Loans; United States
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  • Awards

Young Scholars Finance Consortium Best PhD Student Paper Award

By: Elisabeth Kempf
Winner of the 2016 Young Scholars Finance Consortium Best PhD Student Paper Award for “The Job Rating Game: The Effects of Revolving Doors on Analyst Incentives.” View Details
  • 2021
  • Working Paper

The Changing Role of Business in Society

By: Michael E. Porter
Business interaction with the U.S. government, historically based on securing industry or company special interests at the expense of the public good, has enabled and furthered government dysfunction. Gridlock within the American political system has precluded the... View Details
Keywords: Politics; Shared Value; Social Progress Index; Competitiveness; Walmart; BlackRock; ESG (Environmental, Social, Governance) Performance; ESG; Transparency; Campaign Contributions; Campaign Finance; Lobbying; Revolving Door; Political Ideology; Political Parties; Political Partisanship; Government And Business; Government Innovation; Elections; Democracy; Capitalism; Stakeholder Capitalism; Shareholder Engagement; Competition; Strategy; Government and Politics; Society; Social Issues; Human Needs; Wealth and Poverty; Business and Community Relations; Business and Government Relations; Corporate Accountability; Financial Services Industry; Banking Industry; United States
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  • 10 Nov 2014
  • Working Paper Summaries

Crony Capitalism, American Style: What Are We Talking About Here?

Keywords: by Malcolm S. Salter
  • 17 Jan 2012
  • First Look

First Look: January 17

  PublicationsUncommon Service: How to Win by Putting Customers at the Core of Your Business Authors:Frances Frei and Anne Morriss Publication:Harvard Business Review Press, forthcoming An abstract is not available at this time. Publisher's Link:... View Details
Keywords: Sean Silverthorne
  • Web

Balancing Work & Life - Alumni

meal delivery, and more. Important note: Take care of your support team. Remember it may be cheaper – and more rewarding to all parties concerned – to offer attractive wages and benefits that to incur the switching costs of cycling through a View Details
  • Web

2018 Financial Risk and Regulation Survey - Behavioral Finance & Financial Stability

use of off-balance sheetactivities that avoided reserve and capital requirements, high investment bank leverage,and in ated housing price beliefs. By contrast the bottom 5 factors were strategic default by underwater borrowers, the View Details
  • Web

Finance Awards & Honors - Faculty & Research

Kempf : Winner of the 2016 Finanzforum Vordenken Young Innovator Award. Elisabeth Kempf : Winner of the 2016 Young Scholars Finance Consortium Best PhD Student Paper Award for “The Job Rating Game: The Effects of Revolving View Details
  • 12 Nov 2021
  • News

Alumni Business Leaders on Confronting the Climate Change Challenge

venture commitments to developing battery technologies to meet the coming automotive demand, as well as the needs of countless smart devices. Truck transport, especially diesel-powered trucks, too are a major focus, opening the door to... View Details
  • Portrait Project

Sarah Kalmbach

Forks scraping plates. Wine splashed into glasses. Clinking dishes. Fits of laughter. Sometimes tears. Always growth. As a child, I would look up from my booster seat at a neighbor or my dad’s coworker sitting across the table. I didn’t know that not every house was... View Details
  • 27 Feb 2006
  • Research & Ideas

Corporate Values and Employee Cynicism

little hesitant about opening their doors to researchers, but when [we] called up the CEO without ever having met him, he was extremely open to learning from the research and to our spending a great deal of time at the company—sitting in... View Details
Keywords: by Martha Lagace
  • 20 Oct 2016
  • News

Smart Moves

fuel and lost business included—to be $124 billion annually, or about $2,000 per commuter. Mistele and INRIX aren’t in the business of delivering bad news, however. They have been trying to do something about traffic congestion since the Kirkland, Washington–based... View Details
Keywords: Robert S. Benchley; Support Activities for Transportation; Transportation
  • 04 Sep 2019
  • News

Deep Dive

scientific advancement, team-building, and international cooperation. And the goal had never been a world record for one man. “We want to open the door for future exploration by science and business,” Vescovo later explained.... View Details
Keywords: April White; photo by Jeff Wilson; Scientific Research and Development Services