Browsing HBS Scholarly Articles by Title
Now showing items 54-73 of 853
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Boardroom Centrality and Firm Performance
(2013)Firms with central or well-connected boards of directors earn superior risk-adjusted stock returns. Initiating a long position in the most central firms and a short position in the least central firms earns an average ... -
Bolstering and Restoring Feelings of Competence via the IKEA Effect
(2012)We examine the underlying process behind the IKEA effect, which is defined as consumers' willingness to pay more for self-created products than for identical products made by others, and explore the factors that influence ... -
Bond Supply and Excess Bond Returns
(Oxford University Press (OUP), 2014)We examine empirically how the maturity structure of government debt affects bond yields and excess returns. Our analysis is based on a theoretical model of preferred habitat in which clienteles with strong preferences for ... -
Borrowing to Save? The Impact of Automatic Enrollment on Debt
(Wiley, 2021-08-09)Does automatic enrollment into a retirement plan increase financial distress due to increased borrowing outside the plan? We study a natural experiment created when the U.S. Army began automatically enrolling newly hired ... -
Botsourcing and Outsourcing: Robot, British, Chinese, and German Workers Are for Thinking—Not Feeling—Jobs
(American Psychological Association, 2014-05-13)Technological innovations have produced robots capable of jobs that, until recently, only humans could perform. The present research explores the psychology of "botsourcing"—the replacement of human jobs by robots—while ... -
Bottlenecks, Modules and Dynamic Architectural Capabilities
(2014-11-06)How do firms create and capture value in large technical systems? In this paper, I argue that the points of both value creation and value capture are the system’s bottlenecks. Bottlenecks arise first as important technical ... -
Breaking Them In or Revealing Their Best? Reframing Socialization Around Newcomer Self-expression
(Cornell University, The Johnson School, 2013)Socialization theory has focused on enculturating new employees such that they develop pride in their new organization and internalize its values. Drawing on authenticity research, we propose that the initial stage of ... -
The Bulletproof Glass Effect: Unintended Consequences of Privacy Notices
(SAGE Publications, 2022-02-18)Drawing from a content analysis of publicly traded companies’ privacy notices, a survey of managers, a field study, and five online experiments, this research investigates how consumers respond to privacy notices. A privacy ... -
The Burden of Guilt: Heavy Backpacks, Light Snacks, and Enhanced Morality
(American Psychological Association, 2013-09-06)Drawing on the embodied simulation account of emotional information processing, we argue that the physical experience of weight is associated with the emotional experience of guilt and thus that weight intensifies the ... -
Business Credit Programs in the Pandemic Era
(2020-09)We develop a pair of models that speak to the goals and design of the sort of business-lending and corporate-bond purchase programs that have been introduced by governments in response to the ongoing COVID-19 pandemic. An ... -
Business Groups Exist in Developed Markets Also: Britain Since 1850
(2016-01-06)Diversified business groups are well-known phenomenon in emerging markets, both today and historically. This is often explained by the prevalence of institutional voids or the nature of government-business relations. It ... -
Business History, the Great Divergence and the Great Convergence
(2017-09-08)This working paper provides a business history perspective on debates about the Great Divergence, the rise of the gap in incomes between the West and the Rest, and the more recent Great Convergence, which has seen a narrowing ... -
Business Model Evaluation: Quantifying Walmart’s Sources of Advantage
(2014-10-24)We develop an analytical framework on the basis of the economics of business performance to provide quantitative insight into the link between a firm's business model choices and its profit consequences. The method is ... -
Business Model Innovation and Competitive Imitation: The Case of Sponsor-Based Business Models
(Wiley-Blackwell, 2013)This paper provides the first formal model of business model innovation. Our analysis focuses on sponsor-based business model innovations where a firm monetizes its product through sponsors rather than setting prices to ... -
Business Models – Nature and Benefits
(2015-05-20)This paper considers the nature of the business model and its strategic relevance to negotiations. We elaborate a substantive definition of the business model as decisions enforced by the authority of the firm; this ... -
BYOB: How Bringing Your Own Shopping Bags Leads to Treating Yourself, and the Environment
(2015)As concerns about pollution and climate change have become more central in public discourse, shopping with reusable grocery bags has been strongly promoted as environmentally and socially conscious. In parallel, firms have ... -
Can Analysts Assess Fundamental Risk and Valuation Uncertainty? An Empirical Analysis of Scenario-Based Value Estimates
(Elsevier, 2016)We use a dataset of sell-side analysts' scenario-based valuation estimates to examine whether analysts reliably assess the risk surrounding a firm's fundamental value. We find that the spread in analysts' state-side ... -
Can Marshall's Clusters Survive Globalization?
(2015-05-13)It is widely presumed that in today’s globalized economy, the value of geographic clustering of manufacturing industries is no longer valuable. Manufacturing is represented as a highly mobile “commodity” that can be sourced ... -
Can Staggered Boards Improve Value? Causal Evidence from Massachusetts
(Wiley, 2021-09-14)We study the effect of staggered boards (SBs) using a quasi-experiment: a 1990 law that imposed an SB on all Massachusetts-incorporated firms. The law led to an increase in Tobin's Q, investment in CAPEX and R&D, patents, ... -
Canary Categories
Past customer spending in a category is generally a positive signal of future customer spending. We show that there exist “canary categories” for which the reverse is true. Purchases in these categories are a signal that ...