The Hollow Science

Robert S. Kaplan

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Article | Harvard Business Review | May 2011

The Hollow Science

by Robert S. Kaplan

Abstract

The financial meltdown made clear that the executives of many major financial institutions were operating with inadequate or distorted information about the values and risks of their firms' assets. It's fair to say that business scholars bear some responsibility for that. Most of them are neither studying nor teaching emerging best practices in asset valuation and risk management. They need to begin exploring the interior of leading-edge companies to provide detailed, qualitative case studies.

Keywords: Accounting; Financial Crisis; Financial Management; Information; Knowledge Acquisition; Risk Management; Practice;

Format: Print

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Citation:

Kaplan, Robert S. "The Hollow Science." Harvard Business Review 89, no. 5 (May 2011).

About the Author

Robert S. Kaplan

Senior Fellow, Marvin Bower Professor of Leadership Development, Emeritus

Accounting and Management

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The Hollow Science

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