Faculty & Research
Faculty & Research
- 12 May 2021
- Working Paper Summaries
Accounting for Product Impact in the Water Utilities Industry
by George Serafeim and Katie Trinh
| Using a framework for measuring and monitoring product impact in a systematic way, this paper compares two competitor companies in the water utilities industry. Results demonstrate the potential for product impact measurement to inform strategic decision-making.
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- 04 May 2021
- Working Paper Summaries
Accounting for Product Impact in the Telecommunications Industry
by George Serafeim and Katie Trinh
| A product impact framework is a systematic methodology applicable to different companies across a wide range of industries. This study examines the telecommunications industry, estimating the value of a product’s reach, accessibility, quality, optionality,...
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- May 2021
- Teaching Material
BlackRock: Linking Purpose to Profit
| Teaching Note for HBS Case No. 120-042
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- April 2021
- Teaching Material
Wuxi Lead Intelligent Equipment Co., Ltd.
By: John R. Wells and Benjamin Weinstock
| Within 20 years of launch, entrepreneur Wang Yanquing had built Wuxi Lead into the world’s largest manufacturer of equipment for manufacturing capacitors, lithium-ion batteries, and fuel cells. The first big choice an entrepreneur faces is what sector to compete in. At...
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- 2021
- Working Paper
Which Corporate ESG News does the Market React to?
By: George Serafeim and Aaron Yoon
| Using a dataset that classifies firm-level ESG news as positive and negative, we examine how stock prices react to different types of ESG news. We analyze 111,020 firm-day observations for 3,126 companies and find that prices react only to issues identified as...
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- April 2021
- Teaching Material
GreenFire Energy, 2020: Geothermal Innovation
By: John R. Wells and Benjamin Weinstock
| In June 2020, after ten years of effort, GreenFire Energy Inc. (GreenFire) demonstrated its new geothermal electricity generation technology, ECO2G . While conventional geothermal electricity only supplied 0.5% of US demand, the new technology promised to increase this...
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- 06 Apr 2021
- Cold Call Podcast
Disrupting the Waste Industry with Technology
| Rubicon began with a bold idea: create a cloud-based, full-service waste management platform, providing efficient service anywhere in the US. Their mobile app did for waste management what Uber had done for taxi service. Five years after the case’s publication, Harvard...
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- 2021
- Working Paper
Accounting for Product Impact in the Telecommunications Industry
By: George Serafeim and Katie Trinh
| We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the telecommunications industry. We design a monetization methodology that allows us to calculate monetary impact estimates of network...
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- 2021
- Working Paper
Accounting for Product Impact in the Water Utilities Industry
By: George Serafeim and Katie Trinh
| We apply the product impact measurement framework of the Impact-Weighted Accounts Initiative (IWAI) in two competitor companies within the water utilities industry. We design a monetization methodology that allows us to calculate monetary impact estimates of water...
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- 2021
- Working Paper
Deregulation, Market Power, and Prices: Evidence from the Electricity Sector
By: Alexander MacKay and Ignacia Mercadal
| When deciding whether to introduce market-based prices into a regulated market, a regulator faces the following tradeoff: profit incentives may reduce costs through the more efficient allocation of resources, but the presence of market power may lead to increased...
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- 09 Mar 2021
- Working Paper Summaries
Stock Price Reactions to ESG News: The Role of ESG Ratings and Disagreement
by George Serafeim and Aaron Yoon
| Company performance evaluations have included sell-side analyst forecasts, recommendations, and credit ratings, but a newer set has emerged: environmental, social, and governance (ESG) ratings. This study finds that ESG ratings are useful for predicting future ESG...
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Initiative Leadership
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