Browsing HBS Scholarly Articles by Title
Now showing items 328-347 of 854
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Golden Parachutes and the Wealth of Shareholders
(2014)Golden parachutes (GPs) have attracted substantial attention from investors and public officials for more than two decades. We find that GPs are associated with higher expected acquisition premiums and that this association ... -
Governance and CEO Turnover: Do Something or Do the Right Thing?
(INFORMS, 2014)We study how corporate governance affects firm value through the decision of whether to fire or retain the CEO. We present a model in which weak governance—which prevents shareholders from controlling the board—protects ... -
Governance through Shame and Aspiration: Index Creation and Corporate Behavior in Japan
(2017-09-08)We study how a stock index can affect corporate behavior by serving as a source of prestige. After decades of low corporate profitability in Japan, the JPX-Nikkei400 index was introduced in 2014. The index selected 400 ... -
Government Advertising and Media Coverage of Corruption Scandals
(American Economic Association, 2011)We construct measures of the extent to which the four main newspapers in Argentina report government corruption in their front page during the period 1998-2007 and correlate them with government advertising. The correlation ... -
Government Green Procurement Spillovers: Evidence from Municipal Building Policies in California
(Elsevier, 2014)We study how government green procurement policies influence private-sector demand for similar products. Specifically, we measure the impact of municipal policies requiring governments to construct green buildings on ... -
Government Preferences and SEC Enforcement
(2015-01-09)I examine whether political influence by the government as a response to voters’ interest in employment conditions is reflected in the enforcement actions of the Securities and Exchange Commission (SEC). I find that large ... -
Governments as Owners: State-Owned Multinational Companies
(Palgrave Macmillan, 2014)The globalization of state-owned multinational companies (SOMNCs) has become an important phenomenon in international business (IB), yet it has received scant attention in the literature. We explain how the analysis of ... -
The Growth and Limits of Arbitrage: Evidence from Short Interest
(Oxford University Press (OUP), 2013-10-07)We develop a novel methodology to infer the amount of capital allocated to quantitative equity arbitrage strategies. Using this methodology, which exploits time-variation in the cross section of short interest, we document ... -
The Growth of Finance
(American Economic Association, 2013)The U.S. financial services industry grew from 4.9% of GDP in 1980 to 7.9% of GDP in 2007. A sizeable portion of the growth can be explained by rising asset management fees, which in turn were driven by increases in the ... -
Growth through Heterogeneous Innovations
(University of Chicago Press, 2018-08)We build a tractable growth model where multi-product incumbents invest in internal innovations to improve their existing products, while new entrants and incumbents invest in external innovations to acquire new product ... -
Guilt Enhances the Sense of Control and Drives Risky Judgments
(American Psychological Association, 2014-10-28)The present studies investigate the hypothesis that guilt influences risk-taking by enhancing one's sense of control. Across multiple inductions of guilt, we demonstrate that experimentally induced guilt enhances optimism ... -
De Gustibus non est Taxandum: Heterogeneity in Preferences and Optimal Redistribution
(Elsevier, 2015)The prominent but unproven intuition that preference heterogeneity reduces redistribution in a standard optimal tax model is shown to hold under the plausible condition that the distribution of preferences for consumption ... -
Habit Formation and Rational Addiction: A Field Experiment in Handwashing
(2017-09-21)Regular handwashing with soap is believed to have substantial impacts on child health in the developing world. Most handwashing campaigns have failed, however, to establish and maintain a regular practice of handwashing. ... -
Handgun waiting periods reduce gun deaths
(Proceedings of the National Academy of Sciences, 2017)Handgun waiting periods are laws that impose a delay between the initiation of a purchase and final acquisition of a firearm. We show that waiting periods, which create a “cooling off” period among buyers, significantly ... -
Handshaking Promotes Cooperative Dealmaking
(2014-12-09)Humans use subtle sources of information—like nonverbal behavior—to determine whether to act cooperatively or antagonistically when they negotiate. Handshakes are particularly consequential nonverbal gestures in negotiations ... -
Happily Ever After: Immigration, Natives’ Marriage, and Fertility
(2018-08-01)In this paper, we study the effects of immigration on natives’ marriage, fertility, and family formation across US cities between 1910 and 1930. Instrumenting immigrants’ location decision by interacting pre-existing ethnic ... -
Happiness on Tap: Piped Water Adoption in Urban Morocco
(American Economic Association, 2012-11-01)Connecting private dwellings to the water main is expensive and typically cannot be publicly financed. We show that households' willingness to pay for a private connection is high when it can be purchased on credit, not ... -
Health App Policy: International Comparison of Nine Countries’ Approaches
(Springer Science and Business Media LLC, 2022-03-18)An abundant and growing supply of digital health applications (apps) exists in the commercial tech-sector, which can be bewildering for clinicians, patients, and payers. A growing challenge for the health care system is ... -
Health Externalities and Policy: The Role of Social Preferences
(Institute for Operations Research and the Management Sciences (INFORMS), 2022-09)Social preferences facilitate the internalization of health externalities, for example, by reducing mobility during a pandemic. We test this hypothesis using mobility data from 258 cities worldwide alongside experimentally ... -
Healthy Business? Managerial Education and Management in Health Care
(MIT Press - Journals, 2020-07)We investigate the link between hospital performance and managerial education by collecting a large database of management practices and skills in hospitals across nine countries. We find that hospitals closer to universities ...