Browsing HBS Scholarly Articles by Title
Now showing items 276-295 of 854
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Expected Stock Returns Worldwide: A Log-Linear Present-Value Approach
(American Accounting Association, 2021-04-08)This study provides the first large-scale study of the performance of expected-return proxies (ERPs) internationally. Analyst-forecast-based ICCs are sparsely populated and not robustly associated with future returns. ... -
Explaining the Vertical-to-Horizontal Transition in the Computer Industry
(2017-03-21)This paper seeks to explain the technological forces that led to the rise of vertically integrated corporations in the late 19th Century and the opposing forces that led to a vertical-to-horizontal transition in the computer ... -
Exploring the duality between product and organizational architectures: A test of the “mirroring” hypothesis
(Elsevier BV, 2012)A variety of academic studies argue that a relationship exists between the structure of an organization and the design of the products that the organization produces. Specifically, products tend to "mirror" the architectures ... -
Exploring the Relationship between Architecture Coupling and Software Vulnerabilities: A Google Chrome Case
(2017-03-21)Employing software metrics, such as size and complexity, for predicting defects has been given a lot of attention over the years and proven very useful. However, the few studies looking at software architecture and ... -
Exposed: Venture Capital, Competitor Ties, and Entrepreneurial Innovation
(Academy of Management, 2015-10)This study investigates the impact of early relationships on innovation at entrepreneurial firms. Prior research has largely focused on the benefits of network ties, documenting the many advantages that accrue to firms ... -
Expressive Voting and Its Cost: Evidence From Runoffs With Two or Three Candidates
(The Econometric Society, 2018)In French parliamentary and local elections, candidates ranked first and second in the first round automatically qualify for the second round, while a third candidate qualifies only when selected by more than 12.5 percent ... -
Extending the role of headquarters beyond the firm boundary: entrepreneurial alliance innovation
(Springer Science and Business Media LLC, 2019-08-14)Prior research on corporate headquarters (CHQ) characteristics identifies the impact of CHQ location and composition on the innovation outcomes of internal subsidiaries. However, given that external strategic alliances ... -
Extrapolation and bubbles
(Elsevier BV, 2018-08)We present an extrapolative model of bubbles. In the model, many investors form their demand for a risky asset by weighing two signals: an average of the asset’s past price changes and the asset’s degree of overvaluation. ... -
Facts and Figuring: An Experimental Investigation of Network Structure and Performance in Information and Solution Spaces
(2014-04-24)Using data from a novel laboratory experiment on complex problem solving in which we varied the network structure of 16-person organizations, we investigate how an organization’s network structure shapes performance in ... -
Fairness and Redistribution: Comment
(American Economic Association, 2013)In an influential paper, Alesina and Angeletos (2005)—henceforth, AA—argued that a preference for fairness could lead two identical societies to choose different economic systems. In particular, two equilibria might arise: ... -
Fake It Till You Make It: Reputation, Competition, and Yelp Review Fraud
(INFORMS, 2015-09-29)Consumer reviews are now part of everyday decision making. Yet, the credibility of these reviews is fundamentally undermined when businesses commit review fraud, creating fake reviews for themselves or their competitors. ... -
Fiduciary Duties and Equity-Debtholder Conflicts
(2012)We use an important legal event to examine the effect of managerial fiduciary duties on equity‐debt conflicts. A 1991 legal ruling changed corporate directors’ fiduciary duties in Delaware firms, limiting managers’ incentives ... -
Field Evidence on Individual Behavior & Performance in Rank-Order Tournaments
(2012-09-04)Economic analysis of rank-order tournaments has shown that intensified competition leads to declining performance. Empirical research demonstrates that individuals in tournament-type contests perform less well on average ... -
FIN around the world: the contribution of financing activity to profitability
(2012-09-10)We study how the availability of domestic credit influences the contribution that financing activities make to a firm’s return on equity (ROE). Using a sample of 51,866 firms from 69 countries, we find that financing ... -
Finance and Social Responsibility in the Informal Economy: Institutional Voids, Globalization and Microfinance Institutions
(2014-11-06)We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions (MFIs) around the world. We consider MFIs as a mechanism to overcome the institutional void of credit for small ... -
Financial Patent Quality: Finance Patents After State Street
(2016-01-06)In the past two decades, patents of inventions related to financial services (“finance patents”), as well as litigation around these patents, have surged. One of the repeated concerns voiced by academics and practitioners ... -
Financial Regulation in a Quantitative Model of the Modern Banking System
(2016-08-24)How does the shadow banking system respond to changes in the capital regulation of commercial banks? This paper builds a quantitative general equilibrium model with commercial banks and shadow banks to study the unintended ... -
Financial Repression in the European Sovereign Debt Crisis
(Oxford University Press (OUP), 2018-02)By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the domestic banking sector ... -
Financing Innovation
(2014-12-08)We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning ... -
Financing Risk and Innovation
(Institute for Operations Research and the Management Sciences (INFORMS), 2017)We provide a model of investment into new ventures that demonstrates why some places, times, and industries should be associated with a greater degree of experimentation by investors. Investors respond to financing risk―a ...