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Finance

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HBS Working Knowledge

The Transformation of Microsoft

re C. Fritz Foley

In early 2015, Microsoft CFO Amy Hood and the rest of senior leadership faced a fundamental choice. Was the company ready to invest in long-term growth at the expense of some short-term profit? Profe

Buying the Verdict

re Lauren H. Cohen

This paper documents systematic evidence that firms engage in specialized, locally targeted advertising when taken to a court trial in a given location. Policymakers should consider what impact such

The Impact of Pensions and Insurance on Global Yield Curves

re Robin Greenwood

The global financial crisis and its aftermath had a dramatic impact on the solvency of pension funds and insurance companies. Drawing on a large cross-section of countries, this paper shows the impor