Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
  • Research
    • Research
    • Publications
    • Global Research Centers
    • Case Development
    • Initiatives & Projects
    • Research Services
    • Seminars & Conferences
    →
  • Publications→

Publications

Publications

Filter Results : (74) Arrow Down
Filter Results : (74) Arrow Down Arrow Up

Show Results For

  • All HBS Web  (120,064)
    • Faculty Publications  (74)

    Show Results For

    • All HBS Web  (120,064)
      • Faculty Publications  (74)

      Wang, C.Y. Charles Remove Wang, C.Y. Charles →

      Page 1 of 74 Results →
      • February 2021
      • Case

      Measuring Impact at JUST Capital

      By: Charles C.Y. Wang and Ethan Rouen
      Citation
      Educators
      Purchase
      Related
      Wang, Charles C.Y., and Ethan Rouen. "Measuring Impact at JUST Capital." Harvard Business School Multimedia/Video Case 121-703, February 2021.
      • 2021
      • Article

      The Sustainable Corporate Governance Initiative in Europe

      By: Mark Roe, Holger Spamann, Jesse M. Fried and Charles C.Y. Wang
      In July 2020, the European Commission published the “Study on directors’ duties and sustainable corporate governance” by EY. The Report purports to find evidence of debilitating short-termism in EU corporate governance and recommends many changes to support sustainable...  View Details
      Keywords: Short-termism; Hedge Funds; Shareholder Activism; Securities Regulation; Agency Costs; Political Economy; Payouts; Repurchases; Corporate Governance; Investment Funds; Investment Activism; Research And Development; Investment; European Union
      Citation
      SSRN
      Read Now
      Related
      Roe, Mark, Holger Spamann, Jesse M. Fried, and Charles C.Y. Wang. "The Sustainable Corporate Governance Initiative in Europe." Yale Journal on Regulation Bulletin 38 (2021): 133–153.
      • Article

      The EU's Unsustainable Approach to Stakeholder Capitalism

      By: Jesse M. Fried and Charles C.Y. Wang
      A recent report by the EU claims that investor-driven short-termism is encouraging firms to return cash rather than invest it, which reduces capital available for investment in growth. The authors show that the data behind the report do not support its claims and...  View Details
      Keywords: Short-termism; Sustainability; Capital; Investment; Decision Making; Business And Stakeholder Relations; European Union
      Citation
      Find at Harvard
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "The EU's Unsustainable Approach to Stakeholder Capitalism." Harvard Business Review Digital Articles (January 29, 2021).
      • 2021
      • Working Paper

      Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer

      By: Akash Chattopadhyay, Matthew R. Lyle and Charles C.Y. Wang
      We outline a framework in which accounting “valuation anchors" could be connected to expected stock returns. Under two general conditions, expected log returns is a log-linear function of a valuation (market value-to-accounting) multiple and the expected growth in the...  View Details
      Keywords: Expected Returns; Present Value; Investment Return; Accounting; Valuation; Information; Framework
      Citation
      SSRN
      Read Now
      Related
      Chattopadhyay, Akash, Matthew R. Lyle, and Charles C.Y. Wang. "Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer." Harvard Business School Working Paper, No. 21-081, January 2021.
      • Editorial

      Le capitalisme durable menace la durabilité des entreprises

      By: Jesse M. Fried and Charles CY Wang
      Keywords: European Union
      Citation
      Register to Read
      Related
      Fried, Jesse M., and Charles CY Wang. "Le capitalisme durable menace la durabilité des entreprises." Les Echos (December 18, 2020).
      • October 27, 2020
      • Blog Post

      Short-Termism, Shareholder Payouts, and Investment in the EU

      By: Jesse M. Fried and Charles C.Y. Wang
      Citation
      Read Now
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "Short-Termism, Shareholder Payouts, and Investment in the EU." Harvard Law School Forum on Corporate Governance and Financial Regulation (October 27, 2020). https://corpgov.law.harvard.edu/2020/10/27/short-termism-shareholder-payouts-and-investment-in-the-eu/.
      • 2020
      • Working Paper

      Short-Termism, Shareholder Payouts, and Investment in the EU

      By: Jesse M. Fried and Charles C.Y. Wang
      Investor-driven “short-termism” is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered—in the form of rising levels of repurchases and dividends—is...  View Details
      Keywords: Short-termism; Quarterly Capitalism; Eu; Dividends; Equity Issuances; Equity Compensastion; Capital Flows; Capital Distribution; R&d; Investment; Innovation; Investment; Corporate Governance; Investment Return; Acquisition; European Union
      Citation
      SSRN
      Read Now
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "Short-Termism, Shareholder Payouts, and Investment in the EU." Harvard Business School Working Paper, No. 21-054, October 2020.
      • April 2, 2020
      • Blog Post

      Buyback Critics Are Not Letting the COVID-19 Crisis Go to Waste

      By: Jesse M. Fried and Charles CY Wang
      Citation
      Read Now
      Related
      Fried, Jesse M., and Charles CY Wang. "Buyback Critics Are Not Letting the COVID-19 Crisis Go to Waste." Harvard Law School Forum on Corporate Governance and Financial Regulation (April 2, 2020). https://corpgov.law.harvard.edu/2020/04/02/buyback-critics-are-not-letting-the-covid-19-crisis-go-to-waste/.
      • March 2020 (Revised May 2020)
      • Case

      CIAM: Home-Grown Shareholder Activism in France

      By: Charles C.Y. Wang, Tonia Labruyere and Vincent Dessain
      The case discusses the strategy of CIAM, a French activist investment firm, involved in a case of a buy-out of minority shareholders in the telecommunications sector. Altice NV, an international telecommunications company based in the Netherlands that owned more than...  View Details
      Keywords: Corporate Governance; Private Equity; Strategy; Valuation; Investment Activism; Financial Services Industry; France
      Citation
      Educators
      Purchase
      Related
      Wang, Charles C.Y., Tonia Labruyere, and Vincent Dessain. "CIAM: Home-Grown Shareholder Activism in France." Harvard Business School Case 120-072, March 2020. (Revised May 2020.)
      • March 2020
      • Article

      Governance Through Shame and Aspiration: Index Creation and Corporate Behavior

      By: Akash Chattopadhyay, Matthew D. Shaffer and Charles C.Y. Wang
      After decades of deprioritizing shareholders' economic interests and low corporate profitability, Japan introduced the JPX-Nikkei400 in 2014. The index highlighted the country's "best-run" companies by annually selecting the 400 most profitable of its large and liquid...  View Details
      Keywords: Jpx-nikkei 400 Index; Status Incentives; Return On Equity; Capital Efficiency; Social Norms; Index Inclusion; Reputation Incentives; Motivation And Incentives; Corporate Governance; Behavior; Investment Return; Status And Position; Japan
      Citation
      SSRN
      Find at Harvard
      Read Now
      Related
      Chattopadhyay, Akash, Matthew D. Shaffer, and Charles C.Y. Wang. "Governance Through Shame and Aspiration: Index Creation and Corporate Behavior." Journal of Financial Economics 135, no. 3 (March 2020): 704–724.
      • 2019
      • Working Paper

      rTSR: When Do Relative Performance Metrics Capture Relative Performance?

      By: Paul Ma, Jee-Eun Shin and Charles C. Y. Wang
      We develop a measurement-error framework for assessing the quality of relative-performance metrics designed to filter out the systematic component of performance and analyze relative total shareholder return (rTSR)—the predominant metric market participants use to...  View Details
      Keywords: Relative Tsr; Relative Performance Evaluation; Systematic Risk; Board Of Directors; Compensation Consultants; Style Effects; Executive Compensation; Performance Evaluation; Corporate Governance
      Citation
      SSRN
      Read Now
      Related
      Ma, Paul, Jee-Eun Shin, and Charles C. Y. Wang. "rTSR: When Do Relative Performance Metrics Capture Relative Performance?" Harvard Business School Working Paper, No. 19-112, April 2019. (Revised September 2019.)
      • March 2019 (Revised April 2019)
      • Case

      Measuring Impact at JUST Capital

      By: Ethan C. Rouen and Charles C.Y. Wang
      JUST Capital is a nonprofit organization that seeks to make public companies more "just" by measuring and ranking their overall impact on society, based on the priorities most important to the average American. This case examines JUST’s strategy for influencing...  View Details
      Keywords: Corporate Social Responsibility And Impact; Social Issues; Performance Evaluation
      Citation
      Educators
      Purchase
      Related
      Rouen, Ethan C., and Charles C.Y. Wang. "Measuring Impact at JUST Capital." Harvard Business School Case 119-092, March 2019. (Revised April 2019.)
      • March 2019 (Revised May 2019)
      • Case

      Growth Investing at Totem Point

      By: Suraj Srinivasan, Charles C.Y. Wang and Jonah Goldberg
      The case describes the investment of hedge fund, Totem Point Management in Analog Semiconductors (ADI) as a way to discuss forecasting and valuation in growth companies. In June 2016, hedge fund Totem Point invested in ADI at around $55 a share. In general, Totem Point...  View Details
      Keywords: Growth Investing; Investment; Strategy; Forecasting And Prediction; Valuation
      Citation
      Educators
      Purchase
      Related
      Srinivasan, Suraj, Charles C.Y. Wang, and Jonah Goldberg. "Growth Investing at Totem Point." Harvard Business School Case 119-091, March 2019. (Revised May 2019.)
      • Article

      Short-Termism and Capital Flows

      By: Jesse M. Fried and Charles C.Y. Wang
      During 2007–2016, S&P 500 firms distributed to shareholders $7 trillion via buybacks and dividends, over 96% of their aggregate net income, prompting claims that "short-termism" is impairing firms' ability to invest and innovate. We show that, when taking into account...  View Details
      Keywords: Short-termism; Quarterly Capitalism; Share Buybacks; Open Market Repurchases; Dividends; Equity Issuances; Seasoned Equity Offerings; Equity Compensastion; Acquisitions; Payout Policy; Capital Flows; Capital Distribution; Working Capital; Business And Shareholder Relations; Acquisition
      Citation
      SSRN
      Find at Harvard
      Read Now
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "Short-Termism and Capital Flows." Review of Corporate Finance Studies 8, no. 1 (March 2019): 207–233.
      • February 20, 2019
      • Editorial

      Senators Take Aim at the Buyback Boogeyman

      By: Jesse M. Fried and Charles C.Y. Wang
      Citation
      Read Now
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "Senators Take Aim at the Buyback Boogeyman." Boston Globe (February 20, 2019).
      • January 2019
      • Supplement

      Tesla's Bid for SolarCity (B)

      By: Charles C.Y. Wang and Athena Zhang
      Supplements the (A) case.  View Details
      Citation
      Purchase
      Related
      Wang, Charles C.Y., and Athena Zhang. "Tesla's Bid for SolarCity (B)." Harvard Business School Supplement 119-075, January 2019.
      • September 2018
      • Teaching Note

      Misaki Capital and Sangetsu Corporation

      By: Charles C.Y. Wang
      Teaching Note for HBS No. 117-007.  View Details
      Citation
      Purchase
      Related
      Wang, Charles C.Y. "Misaki Capital and Sangetsu Corporation." Harvard Business School Teaching Note 119-031, September 2018.
      • July 9, 2018
      • Editorial

      The Real Problem with Stock Buybacks

      By: Jesse M. Fried and Charles C.Y. Wang
      Citation
      Find at Harvard
      Register to Read
      Related
      Fried, Jesse M., and Charles C.Y. Wang. "The Real Problem with Stock Buybacks." Wall Street Journal (July 9, 2018).
      • 2019
      • Working Paper

      Market Advisor or Government Mouthpiece: The Role of Sell-Side Analysts in Emerging Markets

      By: Sheng Cao, Xianjie He, Charles C.Y. Wang and Huifang Yin
      During times when the Chinese government wished to prop up the market, sell-side analysts from brokerages with significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast revisions, and stock...  View Details
      Keywords: Sell-side Analysts; Forecast Optimism; Forecast Accuracy; Government Incentives; Stocks; Forecasting And Prediction; Business And Government Relations; Emerging Markets
      Citation
      SSRN
      Read Now
      Related
      Cao, Sheng, Xianjie He, Charles C.Y. Wang, and Huifang Yin. "Market Advisor or Government Mouthpiece: The Role of Sell-Side Analysts in Emerging Markets." Harvard Business School Working Paper, No. 18-095, March 2018. (Revised September 2019.)
      • March 2018 (Revised January 2021)
      • Case

      China Vanke: Battle for Control (A)

      By: Lynn S. Paine, Charles C.Y. Wang, Dawn H. Lau and Anthony K. Woo
      In June 2016, the board of China Vanke, one of China’s largest and best-known private residential real estate developers, must vote on a proposed acquisition that is opposed by its largest shareholders, state-owned China Resources Co. and the lesser-known property...  View Details
      Keywords: China Vanke; China Resources; Hostile Takeover; Board Of Directors; Shareholding Structure; Shareholder Rights; Asset Restructuring; Corporate Governance; Governing And Advisory Boards; Valuation; Business And Shareholder Relations; Real Estate Industry; China
      Citation
      Educators
      Purchase
      Related
      Paine, Lynn S., Charles C.Y. Wang, Dawn H. Lau, and Anthony K. Woo. "China Vanke: Battle for Control (A)." Harvard Business School Case 318-117, March 2018. (Revised January 2021.)
      • 1
      • 2
      • 3
      • 4
      • →
      ǁ
      Campus Map
      Harvard Business School
      Soldiers Field
      Boston, MA 02163
      →Map & Directions
      →More Contact Information
      • Make a Gift
      • Site Map
      • Jobs
      • Harvard University
      • Trademarks
      • Policies
      • Digital Accessibility
      Copyright © President & Fellows of Harvard College