Browsing HBS Scholarly Articles by Title
Now showing items 463-482 of 854
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Leviathan in Business: Varieties of State Capitalism and their Implications for Economic Performance
(2012-07-13)In this paper we document the extent and reach of state capitalism around the world and explore its economic implications. We focus on governmental provision of capital to corporations – either equity or debt – as a defining ... -
Liability Structure in Small-Scale Finance: Evidence from a Natural Experiment
(2012-09-04)Microfinance, the provision of small individual and business loans, has witnessed dramatic growth, reaching over 150 million borrowers worldwide. Much of its success has been attributed to overcoming the challenges of ... -
License to Cheat: Voluntary Regulation and Ethical Behavior
(INFORMS, 2013-09-03)While monitoring and regulation can be used to combat socially costly unethical conduct, their intended targets are often able to avoid regulation or hide their behavior. This surrenders at least part of the effectiveness ... -
License to Cheat: Voluntary Regulation and Ethical Behavior
(2012-09-10)While monitoring and regulation can be used to combat socially costly unethical conduct, their intended targets are often able to avoid regulation or hide their behavior. This surrenders at least part of the effectiveness ... -
Lifting the Veil: The Benefits of Cost Transparency
(2014-11-07)A firm’s costs are typically tightly-guarded secrets. However, across a field study and six laboratory experiments we identify when and why firms benefit from revealing unit cost information to consumers. A natural field ... -
Like a Boss: How Corporate Negotiators Would Handle Nuclear Talks With Iran
(2014)While the Obama team deserves high marks for launching the interim talks, its approach doesn't sell the upside of a comprehensive deal persuasively enough to transform more Iranian skeptics into active supporters—a necessary ... -
The Limits of Inconspicuous Incentives
(Elsevier BV, 2022-09)Managers and policymakers regularly rely on incentives to encourage valued behaviors. While incentives are often successful, there are also notable and surprising examples of their ineffectiveness. Why? We propose a ... -
Lobbying Behavior of Governmental Entities: Evidence from Public Pension Accounting Rules
(2014-12-08)We examine the lobbying behavior of state governments in the development of recently issued public pension accounting standards GASB 67 and 68. Consistent with opportunistic motivations, we find that states’ opposition to ... -
Local Industrial Structures and Female Entrepreneurship in India
(2013-05-31)We analyze the spatial determinants of female entrepreneurship in India in the manufacturing and services sectors. We focus on the presence of incumbent female-owned businesses and their role in promoting higher subsequent ... -
Location Fundamentals, Agglomeration Economies, and the Geography of Multinational Firms
(2016-08-22)Multinationals exhibit distinct agglomeration patterns which have transformed the global landscape of industrial production (Alfaro and Chen, 2014). Using a unique worldwide plant-level dataset that reports detailed location, ... -
The Logic of Agglomeration
(2015-11-04)This review discusses frontier topics in economic geography as they relate to firms and agglomeration economies. We focus on areas where empirical research is scarce but possible. We first outline a conceptual framework ... -
Looking Up and Looking Out: Career Mobility Effects of Demographic Similarity among Professionals
(INFORMS, 2012-08-02)We investigate the role of workgroup sex and race composition on the career mobility of professionals in "up-or-out" organizations. We develop a nuanced perspective on the potential career mobility effects of workgroup ... -
Looking Up and Looking Out: Career Mobility Effects of Demographic Similarity Among Professionals
(2012-07-13)We investigate the role of workgroup sex and race composition on the career mobility of professionals in ―up-or-out‖ organizations. We develop a nuanced perspective on the potential career mobility effects of workgroup ... -
Lords of the Harvest: Third-party Influence and Regulatory Approval of Genetically Modified Organisms
(Academy of Management, 2013)Little is known about the factors that influence regulatory-agency decision making. We posit that regulatory agencies are influenced by the firms they regulate, but not exclusively via dyadic exchanges as is traditionally ... -
Lost in the Clouds: The Impact of Changing Property Rights on Investment in Cloud Computing Ventures
(2015-07-22)Our analysis seeks to understand the impact of changing allocations of property rights on investment in new firms. We focus on the Cartoon Network, et al. v. Cablevision decision in the U.S., which narrowed the protection ... -
The Low Beta Anomaly: A Decomposition into Micro and Macro Effects
(2013-10-03)Low beta stocks have offered a combination of low risk and high returns. We decompose the anomaly into micro and macro components. The micro component comes from the selection of low beta stocks. The macro component comes ... -
Machine Learning and Human Capital Complementarities: Experimental Evidence on Bias Mitigation
(Wiley, 2020-08)The use of machine learning (ML) for productivity in the knowledge economy requires considerations of important biases that may arise from ML predictions. We define a new source of bias related to incompleteness in real ... -
Machine Learning for Pattern Discovery in Management Research
(Wiley, 2020-08-09)Supervised machine learning (ML) methods are a powerful toolkit for discovering robust patterns in quantitative data. The patterns identified by ML could be used for exploratory inductive or abductive research, or for ... -
Macroeconomic Drivers of Bond and Equity Risks
(University of Chicago Press, 2020-08)Our new model of consumption-based habit generates time-varying risk premia on bonds and stocks from loglinear, homoskedastic macroeconomic dynamics. Consumers' first-order condition for the real risk-free bond generates ... -
Making a Difference Matters: Impact Unlocks the Emotional Benefits of Prosocial Spending
(Elsevier, 2013)When does giving lead to happiness? Here, we present two studies demonstrating that the emotional benefits of spending money on others (prosocial spending) are unleashed when givers are aware of their positive impact. ...