Browsing HBS Scholarly Articles by Title

Now showing items 66-85 of 808

    • Can Analysts Assess Fundamental Risk and Valuation Uncertainty? An Empirical Analysis of Scenario-Based Value Estimates 

      Joos, Peter R.; Piotroski, Joseph D.; Srinivasan, Suraj (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? 

      Buciuni, Giulio; Pisano, Gary Paul (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 

      Daines, Robert; Li, Shelley Xin; Wang, Charles (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, ...

    • Capital Market-Driven Corporate Finance 

      Baker, Malcolm (Annual Reviews, 2009-12-05)
      Much of empirical corporate finance focuses on sources of the demand for various forms of capital, not the supply. Recently this, has changed. Supply effects of equity and credit markets can arise from a combination of ...

    • Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model 

      Begenau, Juliane Maria (2015-04-06)
      This paper develops a quantitative dynamic general equilibrium model in which households' preferences for safe and liquid assets constitute a violation of Modigliani and Miller. I show that the scarcity of these coveted ...

    • Capture by Threat 

      Dal Bó, Ernesto; Di Tella, Rafael (University of Chicago Press, 2003)
      We analyze a simple stochastic environment in which policy makers can be threatened by "nasty" interest groups. In the absence of these groups, the policy maker's desire for reelection guarantees that good policies are ...

    • Carbon Tariffs: Effects in Settings with Technology Choice and Foreign Comparative Advantage 

      Drake, David Francis (2012-09-04)
      Carbon regulation is intended to reduce global emissions, but there is growing concern that such regulation may simply shift production to unregulated regions and increase global emissions in the process. Carbon tariffs ...

    • Career Concerns of Banking Analysts 

      Horton, Joanne; Serafeim, Georgios; Wu, Shan (2015-05-06)
      We study how career concerns influence banking analysts’ forecasts and how their forecasting behavior benefits both them and bank managers. We show that banking analysts issue early in the year relatively more optimistic ...

    • Causes and consequences of linguistic complexity in non-U.S. firm conference calls 

      Brochet, Francois; Naranjo, Patricia; Yu, Gwen (2012-10-10)
      We examine the determinants and capital market consequences of linguistic complexity in conference calls held in English by non-U.S. firms. We find that linguistic complexity is positively associated with the language ...

    • Celebrating the Work of Keith Murnighan 

      Conlon, Donald E.; Bazerman, Max H.; Malhotra, Deepak; Pillutla, Madan M. (2016)
      In this tribute, four scholars highlight research published during the career of 2015 International Association for Conflict Management Lifetime Achievement Award Winner Keith Murnighan. In the four sections of the paper, ...

    • Cellophane, the New Visuality, and the Creation of Self-Service Food Retailing 

      Oda, Ai (2017-05-25)
      This working paper examines how innovations in transparent packaging, specifically cellophane, in the mid-twentieth century United States helped retailers to create full self-service merchandising systems, including selling ...

    • CEO Behavior and Firm Performance 

      Bandiera, Oriana; Hansen, Stephen; Prat, Andrea; Sadun, Raffaella (2017-03-21)
      We measure the behavior of 1,114 CEOs in Brazil, France, Germany, India, UK and US using a new methodology that combines (i) data on every activity the CEOs undertake during one workweek and (ii) a machine learning algorithm ...

    • The Challenges and Enhancing Opportunities of Global Project Management: Evidence from Chinese and Dutch Cross-Cultural Project Management 

      Zhang, Ying; Marquis, Christopher G; Filippov, Sergey; Haasnoot, Henk-Jan; van der Steen, Martijn (2015-02-13)
      This study investigates the role of national and organisational culture in day-to-day activities of multinational project teams, specifically focusing on differences between Chinese and Dutch project managers. We rely on ...

    • Change Agents, Networks, and Institutions: A Contingency Theory of Organizational Change 

      Battilana, Julie; Casciaro, Tiziana (Academy of Management, 2012)
      We develop a contingency theory for how structural closure in a network, defined as the extent to which an actor’s network contacts are connected to one another, affects the initiation and adoption of change in organizations. ...

    • Changes in the Work Environment for Creativity During Downsizing 

      Conti, R.; Amabile, Teresa (Academy of Management, 1999-12-01)
      This study examined the work environment for creativity at a large high-technology firm before, during, and after a major downsizing. Creativity and most creativity-supporting aspects of the perceived work environment ...

    • The Changing Landscape of Auditors’ Liability 

      Honigsberg, Colleen; Rajgopal, Shivaram; Srinivasan, Suraj (University of Chicago Press, 2020-05)
      We provide a comprehensive overview of shareholder litigation against auditors since the passage of the Private Securities Litigation Reform Act (PSLRA). The number of lawsuits per year has declined, dismissals have ...

    • Channels of Influence 

      Cohen, Lauren Harry; Gurun, Umit G.; Malloy, Christopher James (2012-08-07)
      We demonstrate that simply by using the ethnic makeup surrounding a firm’s location, we can predict, on average, which trade links are valuable for firms. Using customs and port authority data on the international shipments ...

    • Charting Dynamic Trajectories: Multinational Firms in India 

      Choudhury, Prithwiraj; Khanna, Tarun (Cambridge University Press, 2014)
      In this article, we provide a synthesizing framework that we call the "dynamic trajectories" framework to study the evolution of multinational enterprises (MNEs) in host countries over time. We argue that a change in the ...

    • Chief Sustainability Officers: Who Are They and What Do They Do? 

      Miller, Kathleen; Serafeim, Georgios (2014-11-06)
      While a number of studies document that organizations go through numerous stages as they increase their commitment to sustainability over time, we know little about the role of the Chief Sustainability Officer (CSO) in ...

    • Children Develop a Veil of Fairness 

      Shaw, A.; Montinari, N.; Piovesan, M.; Olson, K.R.; Gino, Francesca; Norton, Michael Irwin (American Psychological Association, 2012-12-07)
      Previous research suggests that children develop an increasing concern with fairness over the course of development. Research with adults suggests that the concern with fairness has at least two distinct components: a ...