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Publications

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Filter Results: (23) Arrow Down Arrow Up

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  • All HBS Web  (23)
    • News  (9)
    • Research  (11)
    • Multimedia  (1)
  • Faculty Publications  (3)

Show Results For

  • All HBS Web  (23)
    • News  (9)
    • Research  (11)
    • Multimedia  (1)
  • Faculty Publications  (3)
Page 1 of 23 Results →
  • 01 Aug 2018
  • News

Are share buybacks 'plundering company resources'?

  • 19 Mar 2018
  • News

Giving stock away to staff doesn't absolve share buybacks

  • 18 May 2018
  • News

Share buybacks are soaring - is this a sign of market turmoil ahead?

  • 22 Nov 2011
  • News

As Layoffs Rise, Stock Buybacks Consume Cash

  • 30 Nov 2018
  • News

Share Buybacks: Mismeasured and Misunderstood

  • Article

A Better Way to Assess Managerial Performance

By: Mihir Desai, Mark Egan and Scott Mayfield
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
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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
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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
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White, Lucy. "British Land." Harvard Business School Case 208-064, November 2007. (Revised June 2016.)
  • 24 Oct 2018
  • News

Is Retail Dying? Plus, How Are Companies Spending their Tax Cuts?

  • 15 Aug 2018
  • News

Elizabeth Warren has a plan to save capitalism

  • 14 Dec 2018
  • News

Top House Democrats join Elizabeth Warren’s push to fundamentally change American capital- ism,

  • 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
  • 01 Feb 2017
  • News

The Morning Risk Report: Corporate Cash Distribution Isn’t Short-Termism Culprit

  • 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
  • Web

2023 Reunion Presentations - Alumni

circumstances may be, and getting there is an art and a science. In this session, Professor Brooks will discuss his latest research on happiness, dispel the myths about finding unrealistic perfect bliss, and share ways to improve your... View Details
  • 15 Jul 2019
  • Book

Many Executives Are Afraid of Finance. Here's How They Can Gain Confidence

regulations on buybacks as some propose, I’m in favor of boards being much more active in evaluating buybacks, limiting accelerated share buybacks, and changing the accounting treatment of View Details
Keywords: by Dina Gerdeman
  • Web

Business Finance Course Online | HBS Online

Hide Details Concepts The Capital Allocation Problem How to Grow: Organic vs. Inorganic Growth Distributing Cash to Shareholders Distribution Motivations Featured Exercises Capital allocation decision tree analysis Weigh value of dividends vs. View Details
  • 29 Aug 2018
  • What Do You Think?

What Should Harley-Davidson’s Management Do?

company executives, who “biked” there on their own machines. Executives and employees alike shared a devotion to motorcycle culture. Its outlook was improved by the 2017 tax cut that would have reduced its tax bill by $80 to $90 million.... View Details
Keywords: by James Heskett; Auto
  • Web

2024 Reunion Presentations - Alumni

Video Recording – Less Info - Video Recording Dean Srikant Datar kicks off Reunion Weekend by sharing his key priorities, which will strengthen and accelerate the School’s impact in the world. 10:00-11:15 a.m. EDT Navigating Uncertain... View Details
  • 06 Dec 2021
  • Research & Ideas

The Popular Stock Metric That Can Lead Investors Astray

the company were liquidated. Market value reflects the total value of a public company’s outstanding shares based on the market price for a share. A stock with higher book-to-market ratio, such as when it is higher than 1, is considered... View Details
Keywords: by Rachel Layne
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