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- HBS Book
Build the Life You Want: The Art and Science of Getting Happier
By: Arthur C. Brooks and Oprah WinfreyIn Build the Life You Want, Arthur C. Brooks and Oprah Winfrey invite you to begin a journey toward greater happiness no matter how challenging your circumstances. Drawing on cutting-edge science and their years of helping people translate ideas into action, they show you how to improve your life right now instead of waiting for the outside world to change.
- HBS Book
Build the Life You Want: The Art and Science of Getting Happier
By: Arthur C. Brooks and Oprah WinfreyIn Build the Life You Want, Arthur C. Brooks and Oprah Winfrey invite you to begin a journey toward greater happiness no matter how challenging your circumstances. Drawing on cutting-edge science and their years of helping people translate ideas into action, they show you how to improve your life right now instead of waiting for the...
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- Management Science 69, no. 8 (August 2023): 4864–4887.
Do Rating Agencies Behave Defensively for Higher Risk Issuers?
By: Samuel B. Bonsall IV, Kevin Koharki, Pepa Kraft, Karl A. Muller III and Anywhere SikochiWe examine whether rating agencies act defensively toward issuers with a higher likelihood of default. We find that agencies' qualitative soft rating adjustments are more accurate as issuers' default risk grows, as evidenced by the adjustments leading to lower Type I and Type II error rates and better prediction of default and default recovery losses. We also find that soft adjustments' relevance increases with issuers' default risk, as evidenced by the adjustments being more predictive of initial offering yields and leading to a greater market reaction to rating changes.
- Management Science 69, no. 8 (August 2023): 4864–4887.
Do Rating Agencies Behave Defensively for Higher Risk Issuers?
By: Samuel B. Bonsall IV, Kevin Koharki, Pepa Kraft, Karl A. Muller III and Anywhere SikochiWe examine whether rating agencies act defensively toward issuers with a higher likelihood of default. We find that agencies' qualitative soft rating adjustments are more accurate as issuers' default risk grows, as evidenced by the adjustments leading to lower Type I and Type II error rates and better prediction of default and default recovery...
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- Business History
The Irredeemability of the Past: Determinants of Reconciliation and Revenge in Post-Conflict Settings
By: Kristen Kao, Kristin Fabbe and Michael Bang PetersenIn the aftermath of violent conflict, identifying former enemy collaborators versus innocent bystanders forced to flee violence is difficult. In post-conflict settings, internally displaced persons (IDPs) risk becoming stigmatized and face difficulties reintegrating into society. This work considers the role of moral disapproval and future social value in processes of post-conflict reconciliation with stigmatized IDPs. We run two conjoint experiments embedded within a large-N face-to-face survey across three areas of Iraq (n=4,592) experiencing the return of stigmatized IDPs, many of whom are suspected of having collaborated with the Islamic State in Iraq and Syria (ISIS).
- Business History
The Irredeemability of the Past: Determinants of Reconciliation and Revenge in Post-Conflict Settings
By: Kristen Kao, Kristin Fabbe and Michael Bang PetersenIn the aftermath of violent conflict, identifying former enemy collaborators versus innocent bystanders forced to flee violence is difficult. In post-conflict settings, internally displaced persons (IDPs) risk becoming stigmatized and face difficulties reintegrating into society. This work considers the role of moral disapproval and future social...
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- Featured Case
Optimalen Capital
By: Malcolm Baker, Elisabeth Kempf and Jonathan WallenA new client portfolio manager at a quantitative investment management firm must explain why her firm, Optimalen Capital, has rebalanced a client portfolio with a set of trades that seem unintuitive. In particular, Optimalen has added to its position of Walmart (ticker = WMT) and reduced its position in Tesla (TSLA) despite the latter having a much higher forecast return. She also must compute breakeven returns for two other stocks, Exxon Mobil (XOM) and Duke Energy (DUK).
- Featured Case
Optimalen Capital
By: Malcolm Baker, Elisabeth Kempf and Jonathan WallenA new client portfolio manager at a quantitative investment management firm must explain why her firm, Optimalen Capital, has rebalanced a client portfolio with a set of trades that seem unintuitive. In particular, Optimalen has added to its position of Walmart (ticker = WMT) and reduced its position in Tesla (TSLA) despite the latter having a...
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- Featured Case
Dena Almansoori at e&: Fostering Culture Change at a UAE Telco Transforming to a Global Techco
By: Emily Truelove, Michelle Zhang and Alpana ThaparDena Almansoori, the first female and one of the youngest members of the United Arab Emirates-based e&’s leadership team, joined in 2020 just before e& began a strategic transition from being a regional telecommunications company to becoming a global technology company. As the group’s chief HR officer, Almansoori had a key role to play in this transition. Her mandate was to build a culture that was a “magnet” for top global talent, such that e& would compete with the likes of Amazon and Google not only for customers, but employees too. Many deemed this to be a radically ambitious goal.
- Featured Case
Dena Almansoori at e&: Fostering Culture Change at a UAE Telco Transforming to a Global Techco
By: Emily Truelove, Michelle Zhang and Alpana ThaparDena Almansoori, the first female and one of the youngest members of the United Arab Emirates-based e&’s leadership team, joined in 2020 just before e& began a strategic transition from being a regional telecommunications company to becoming a global technology company. As the group’s chief HR officer, Almansoori had a key role to play in this...
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- HBS Working Paper
Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly?: A Critical Look at Four Varieties
By: Lynn S. PaineThe past few years have seen an outpouring of articles and statements heralding the arrival of a new and more inclusive form of capitalism often called stakeholder capitalism. The new capitalism promises to strengthen companies, improve outcomes for their constituencies, produce better returns for long-term shareholders, and ultimately strengthen the economy and society as a whole. In line with the new ideology, corporate boards and business leaders are being urged to replace the shareholder-centered approach to governance that has guided their work for the past several decades and, instead, to adopt a multi-stakeholder approach. In speaking with hundreds of corporate directors, executives, investors, governance professionals, and academics over the years, I’ve found wide differences in how stakeholder capitalism is understood and what it is thought to require of companies and their leaders.
- HBS Working Paper
Corporate Leaders Say They Are for Stakeholder Capitalism—But Which Version Exactly?: A Critical Look at Four Varieties
By: Lynn S. PaineThe past few years have seen an outpouring of articles and statements heralding the arrival of a new and more inclusive form of capitalism often called stakeholder capitalism. The new capitalism promises to strengthen companies, improve outcomes for their constituencies, produce better returns for long-term shareholders, and ultimately strengthen...
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- HBS Working Paper
Residential Battery Storage - Reshaping The Way We Do Electricity
By: Christian Kaps and Serguei NetessineIn this paper, we aim to understand when private households invest in rooftop solar installations and battery storage, and how these investment decisions affect their electricity usage patterns as well as the market structure overall. We answer three main research questions: 1) What drives customers to combine solar power with storage installations; 2) How does privately-owned storage change consumer autonomy and the grid provider business model, and how heterogeneous is this effect across the population; 3) What effects do subsidies have on investments, demands, and carbon emissions. We develop a structural estimation model of residential electricity usage, that allows us to estimate a household's hourly consumption preferences, and a non-financial utility the household has for using self-generated solar power over grid-procured electricity; we call this utility greenness valuation.
- HBS Working Paper
Residential Battery Storage - Reshaping The Way We Do Electricity
By: Christian Kaps and Serguei NetessineIn this paper, we aim to understand when private households invest in rooftop solar installations and battery storage, and how these investment decisions affect their electricity usage patterns as well as the market structure overall. We answer three main research questions: 1) What drives customers to combine solar power with storage...
Initiatives & Projects
Laboratory for Innovation Science at Harvard
Seminars & Conferences
- 02 Oct 2023
Bart Elmore, The Ohio State University
- 02 Oct 2023
Bart Elmore, The Ohio State University
Recent Publications
Open Source Software and Global Entrepreneurship
- November 2023 |
- Article |
- Research Policy
A Quantity-Driven Theory of Term Premia and Exchange Rates
- November 2023 |
- Article |
- Quarterly Journal of Economics
Building Brand Engagement: Lessons from NFTs and Collectibles
- September–October 2023 |
- Article |
- European Business Review
Health System Perspective on Cost for Delivering a Decision Aid for Prostate Cancer Using Time-Driven Activity-Based Costing
- October 2023 |
- Article |
- Medical Care
Laboratory Safety and Research Productivity
- October 2023 |
- Article |
- Research Policy
Stock Market Stimulus
- October 2023 |
- Article |
- Review of Financial Studies
Equity Restructuring at Dell Technologies: Buy Out, Buy Up, Buy In (A)
- September 2023 |
- Supplement |
- Faculty Research
Centralization and Organization Reproduction: Ethnic Innovation in R&D Centers and Satellite Locations
- 2023 |
- Working Paper |
- Faculty Research