George P. Baker
Senior Lecturer of Business Administration (Leave of Absence)
George P. Baker is a Senior Lecturer at Harvard Business School. Until 2010, he was the Herman C. Krannert Professor of Business Administration. He has published works on management incentives, leveraged buyouts, organizational economics, and the relationship between a firm's ownership structure and its management. Baker's work focuses on the problem of managerial performance measurement, and its role in the design of incentive systems and on the structure and performance of organizations. He is also the author of a book on the firm of Kohlberg, Kravis, Roberts & Co. published by Cambridge University Press. Baker is currently working in the clean tech industry, and teaches a course on renewable energy.
George Baker is exploring (with Robert Gibbons of MIT and Kevin Murphy of the USC) how relational contracts--contracts secured by reputation and trust, rather than by legal enforcement--affect the performance and boundaries of firms. Such relational contracts are ubiqitous, and constitute some of the most important instruments that managers have to influence both internal and external stakeholders. Their research explores the role of relational contracts in performance measurement and compensation, in delegation, in outsourcing, and in strategic alliances.