Research - Global - Harvard Business School

September 2025
Article
Journal of Accounting Research

Public Disclosure of Private Meetings: Does Observing Peers’ Information Acquisition Affect Analysts’ Attention Allocation?

By: Yi Ru, Ronghuo Zheng and Yuan Zou

We investigate the impact of observing peers’ information acquisition on financial analysts’ allocation of attention. Using the timely disclosure mandate by the Shenzhen Stock Exchange as a setting, we find that, shortly after analysts observe that a firm has been...

September 2025
Article
Journal of Development Economics

Using Satellites and Phones to Evaluate and Promote Agricultural Technology Adoption: Evidence from Smallholder Farms in India

By: Shawn Cole, Tomoko Harigaya, Grady Killeen and Aparna Krishna

This paper evaluates a low-cost, customized soil nutrient management advisory service in India. As a methodological contribution, we examine whether and in which settings satellite measurements may be effective at estimating both agricultural yields and treatment...

August 2025
Case

Apollo Global Management

By: George Serafeim and Michael Norris

Apollo Global Management—long known for opportunistic private-equity deals—has morphed into an insurance-anchored credit powerhouse after fully acquiring life-annuity issuer Athene. CEO Marc Rowan’s bold bet is that an asset-heavy balance sheet, fueled by Athene’s...

August 2025
Teaching Material

VC Journey Vignettes

By: Jeffrey J. Bussgang and Maxim Pike Harrell

Teaching Plan for HBS Case Nos. 824-205, 824-206, 824-207.

August 2025
Teaching Material

The Toyota Production System in Action: TPS at Toyota Motoro Manufacturing Kentucky

By: Willy C. Shih

This is a supplememtary video that shows the Toyota Production System in action at Toyota Motor Manufacturing Kentucky, Georgetown, KY in August 2024

August 2025
Teaching Material

Social Enterprise in South Asia

By: Brian L. Trelstad and Malini Sen

The research note presents an overview of the evolving social enterprise ecosystem across South Asia, encompassing eight countries: India, Bangladesh, Pakistan, Sri Lanka, Nepal, Bhutan, Afghanistan, and the Maldives. It explores the rise of social entrepreneurship and...

August 2025
Case

Valeant: Pharma’s Enron? (A)

By: Aiyesha Dey, Jonas Heese and David Allen

This case examines the rapid rise and even faster fall of Valeant Pharmaceuticals International. Led by former McKinsey partner J. Michael Pearson from 2008 to 2016, Valeant abandoned the traditionally research-intensive strategy of most pharmaceutical companies and...

August 2025
Case

Valeant: Pharma’s Enron? (B)

By: Aiyesha Dey, Jonas Heese and David Allen

This supplement details the fallout from Valeant’s decline after 2016, noting federal convictions and SEC findings.

August 2025
Teaching Material

Valeant: Pharma’s Enron? (A)

By: Aiyesha Dey, Jonas Heese and David Allen

This supplement provides financial data for the Valeant case in spreadsheet form.

August 2025
Teaching Material

Twiga Foods: Revolutionizing African Retail (A) and (B)

By: Shikhar Ghosh and Shweta Bagai

August 2025
Case

The Rise of Advanced Packaging: Kulicke & Soffa's Strategic Crossroads

By: Maria P. Roche, Ram Mudambi and Solon Moreira

In early 2025, semiconductor equipment maker Kulicke & Soffa (K&S) confronts a pivotal strategic decision. As Moore’s Law slows and chiplet-based architectures take center stage, advanced packaging has become the industry's new frontier. K&S, long dominant in wire...

August 2025
Teaching Material

ZEISS: Commercializing Science

By: Maria Roche

PowerPoint Supplement for HBS Case No. 725-359.

2025
Working Paper

Permanent Capital Meets Private Markets: The Transformation of Alternative Asset Managers

By: Alex Cheema-Fox, Megan Czasonis, Piyush Kontu and George Serafeim

This paper analyzes the transformative impact of insurance platform integration on the business models, financial profiles, and market valuations of prominent alternative asset managers (AAMs). Employing panel data spanning 2014 to 2024 from large publicly listed North...

August 2025
Teaching Material

Dominion Voting Systems v. Fox News

By: Vincent Pons, Jesse M. Shapiro, Bharat Anand and Susan Pinckney

The case examines the Dominion Voting Systems and Fox News defamation settlement based upon statements made on air in the aftermath of the 2020 presidential election.

August 2025
Case

Eli Lilly: Weighing Options in the Obesity Drug Market

By: Elie Ofek and Martha Hostetter

In May 2025, the pharmaceutical company Eli Lilly seemed to be pulling ahead in the lucrative obesity drug market. Its GLP-1 drug, Zepbound, had gained market share over its competitor, Novo Nordisk’s Wegovy, and its next-generation obesity pill seemed promising. But...

August 2025
Case

The Aspen Institute: An Enterprise Strategy for Ideas

By: Caroline Elkins and Kerry Herman

In 2026, Dan Porterfield, CEO of The Aspen Institute, is five years into a broad-reaching strategic assessment, reorganization, and implementation to transform and clarify the legendary Aspen Institute’s many offerings and operations. Inheriting a sprawling...

August 15, 2025
Article
Jurist

Russia’s Recurring Policy Error: Why Putin Still Doesn’t Understand American Democracy

By: Jeremy Friedman

August 2025
Case

Emory Healthcare on the Front Lines of the Nursing Workforce Crisis (B)

By: Susanna Gallani, Karen L. Sedatole, Sarah Mehta and Nicole Zelazko

This supplement to the Emory Healthcare (A) case details organizational developments from July 2023 through October 2024. It explores leadership transitions, expanded recruitment efforts, compensation strategy shifts, and technology investments aimed at addressing...

August 2025
Case

Jeffrey Skilling: Vision Without Guardrails

By: Aiyesha Dey and Sarah Mehta

This short case tells the story of Jeffrey Skilling, former CEO of Enron, which famously descended into bankruptcy in December 2001. The case considers how Skilling’s leadership style contributed to the company’s collapse. It asks: was he just a visionary who pushed...

August 2025
Case

Bobobox: Pods or Cabins?

By: Das Narayandas and Billy Chan

Following the success of their tech-enabled capsule hotel business in Indonesia, Bobobox founders Indra Gunawan and Antonius Bong seized the opportunity created by a dramatic shift in travel preferences during the COVID-19 pandemic. They developed a second...