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  • 11 Dec 2012
  • First Look

First Look: Dec. 11

fundamentals: the book-to-market ratio and expected ROE. We find that the model is easily applied to a large cross section of firms and that firm-level discount rates vary over time and are highly persistent. The model can forecast stock... View Details
Keywords: Sean Silverthorne
  • February 2014 (Revised March 2022)
  • Case

School Specialty, Inc.

By: Stuart C. Gilson and Kristin Mugford
Set in 2013, School Specialty was a financially troubled supplier of educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load, but needed to arrange... View Details
Keywords: School Specialty; Bankruptcy; Section 363; Financing; Chapter 11; Capital Structure; Financing and Loans; Insolvency and Bankruptcy; Distribution Industry; Education Industry; United States
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  • 25 Mar 2013
  • Research & Ideas

How Chapter 11 Saved the US Economy

can frustrate attempts to restructure out of court," Gilson writes. Companies also increasingly using Chapter 11 to expeditiously sell off assets. Section 363 of the US Bankruptcy Code allows a bankrupt... View Details
Keywords: by Kim Girard; Financial Services
  • 11 Feb 2014
  • First Look

First Look: February 11

on this question. The first section provides background on MNCs and their rise. Section two summarizes attempts to promulgate global standards for MNCs in relation to human rights, labour, bribery, and the... View Details
Keywords: Sean Silverthorne
  • 12 Oct 2022
  • Blog Post

11 Stories from HBS PRIDE for National Coming Out Day

October 11 is National Coming Out Day (NCOD) and HBS will be participating in events that celebrate the LGBTQ+ community throughout October as part of the broader LGBTQ+ History Month—a month focused on acknowledging and celebrating the... View Details
  • Article

The Changing Landscape of Auditors' Liability

By: Colleen Honigsberg, Shivaram Rajgopal and Suraj Srinivasan
We provide a comprehensive overview of shareholder litigation against auditors since the passage of the Private Securities Litigation Reform Act (PSLRA). The number of lawsuits per year has declined, dismissals have increased, and settlements in recent years have... View Details
Keywords: Auditor Litigation; Tellabs; Section 10(b); Section 11; Audit Quality; Janus; PSLRA; Class-action Litigation; Accounting Audits; Lawsuits and Litigation; Legal Liability
Related

    School Specialty Inc. (HBS Case #214084)

    (With Kristin Mugford) Set in 2013, School Specialty was a financially troubled supplier of educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load, but needed to... View Details

    • 08 Nov 2017
    • Research & Ideas

    Handgun Waiting Periods Prevent Hundreds of Homicides Each Year

    led to a 7 percent to 11 percent reduction in gun-related suicides. In the second analysis, they focused on the 1990s, a period when the Brady Handgun Violence Prevention Act was in effect between 1994 and 1998. The Brady Act imposed a... View Details
    Keywords: by Dina Gerdeman
    • June 2001 (Revised June 2001)
    • Case

    Student Who Was Missing-in-Action, The

    Assistant Professor Sam Benson was about to end the class session portion of his course with only student projects remaining. Then, he received a phone call from a student, George McHenry, who had missed 11 of 20 sessions. McHenry wanted to know what he needed to do to... View Details
    Keywords: Motivation and Incentives; Higher Education; Decision Choices and Conditions; Learning; Education Industry
    Related
    • 15 Jan 2013
    • First Look

    First Look: January 15

    installments are 11 percent less likely to be missed under the group liability setting in comparison with individual liability. In addition, compulsory savings deposits are 20 percent less likely to be missed under group liability... View Details
    Keywords: Sean Silverthorne
    • Web

    Antitrust & Competition Policy - Institute For Strategy And Competitiveness

    litigation and legislation, both in the United States and internationally. Jul 2001 (Revised Jun 2002) Fundamental Theory Task Force Washington, DC Perspectives on Fundamental Antitrust Theory Report of the Task Force on Fundamental Theory American Bar Association... View Details
    • 01 Oct 2001
    • Research & Ideas

    How To Make Restructuring Work for Your Company

    The following excerpt is taken from the "Lessons of Restructuring" section of Gilson's introduction to Creating Value through Corporate Restructuring. Although the case studies in this book span a wide range of companies,... View Details
    Keywords: by Stuart C. Gilson
    • 02 Mar 2016
    • News

    David Moss is Rewriting History

    Xs, and arrows in every direction. “What you are doing is writing the Constitution—specifically Article 1, Section 8,” Moss tells the class. It’s no idle practice; Harvard University claims eight United States presidents among its alumni.... View Details
    Keywords: April White
    • 28 May 2020
    • Research & Ideas

    Coronavirus Could Create a 'Bankruptcy Pandemic'

    powerful tools to fix the business. One of these is the automatic stay, discussed previously. Companies in Chapter 11 can also reject unfavorable leases and supply agreements (under Section 365 of the... View Details
    Keywords: by Dina Gerdeman; Financial Services; Banking
    • 20 Jul 2021
    • Research & Ideas

    Bankruptcy Spells Death for Too Many Businesses

    Chapter 11 bankruptcy protection is supposed to allow companies to shed debt and get a fresh start. Ideally, creditors recover most of what they’re owed as the restructured firm begins turning a profit. Yet, more companies are liquidated... View Details
    Keywords: by Rachel Layne
    • 22 Dec 2022
    • Blog Post

    TOP 10 MBA VOICES BLOGS OF 2022

    favorite memory, and one lesson that will help them in their careers. Read More>>> 11 STORIES FROM HBS PRIDE FOR NATIONAL COMING OUT DAY October 11 is National Coming Out Day (NCOD) and HBS... View Details
    • Web

    HBS - Financials | Supplemental Financial Information

    HBR Group sales increased 3 percent year-over-year, while paid circulation grew 1 percent to a record 352,000 subscribers. HBP Education sales of course materials for participant-centered learning in business education increased 11... View Details
    • Web

    Research - Behavioral Finance & Financial Stability

    Sector More Info The Cross Section of Bank Value By: Mark Egan , Stefan Lewellen & Adi Sunderam NOV 2016 How do we measure the value of banks? Authors Mark Egan, Stefan Lewellen, and Adi Sunderam tackle this question by developing... View Details
    • Web

    Finance Awards & Honors - Faculty & Research

    Finance Section of the Institute for Operations Research and the Management Sciences (INFORMS) for "Patent Trolls: Evidence from Targeted Firms” (December 2019) with Umit Gurun and Scott Duke Kominers. Benjamin C. Esty : Recognized as one... View Details
    • Web

    Credential of Leadership, Impact, and Management in Business | HBS Online

    only will your section be filled with peers at similar points in their careers, but you’ll be put into peer learning teams that you interact with throughout the program. Peer learning teams will rotate once per term so that you can... View Details