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- All HBS Web (146)
- Faculty Publications (46)
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- All HBS Web (146)
- Faculty Publications (46)
- 14 Nov 2019
- Book
Lifting the Lid on Turkey's Hidden Business History
Turkey’s economic development story has always been something of a black box for scholars to understand, perhaps in part because many of the most successful business enterprises there have been in family hands and largely closed to public scrutiny. The authors of a new...
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by Sean Silverthorne
- 05 Jul 2017
- Research & Ideas
Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients?
investors, which in turn is acquired thanks to the brokers’ ability to observe order flow before the rest of the market.” Stockbrokers are intermediaries who buy and sell stocks for retail and institutional clients, either for a fee or...
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- 01 Jun 2010
- News
$how Me the Money
Baker: With a strong belief in change within the system, working to reduce corruption so that free markets will function better, to the benefit of rich and poor nations alike. Photos by Katherine Lambert Corruption. Said slowly, even the...
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- 2021
- Working Paper
Dirty Money: How Banks Influence Financial Crime
By: Joseph Pacelli, Janet Gao, Jan Schneemeier and Yufeng Wu
On September 21st, 2020, a consortium of international journalists leaked nearly 2,500 suspicious activity reports (SAR) obtained from the U.S. Financial Crimes Enforcement Network, exposing nearly $2 trillion of money laundering activity. The event raises important...
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Pacelli, Joseph, Janet Gao, Jan Schneemeier, and Yufeng Wu. "Dirty Money: How Banks Influence Financial Crime." Working Paper, July 2021.
- Portrait Project
Ferran Ayala
aptitude, will and heart can take one very far. Yet I felt constrained in Mexico, where this view is less widely held because classism, racism and corruption still act to predetermine one's fate. For the past thirteen years, I have run...
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- 08 May 2012
- First Look
First Look: May 8
weakening its capacity to achieve espoused goals and eroding public trust. In the private sector, institutional corruption typically entails gaming society's laws and regulations, tolerating conflicts of...
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Carmen Nobel
- February 2019
- Article
The Market for Financial Adviser Misconduct
By: Mark Egan, Gregor Matvos and Amit Seru
We construct a novel database containing the universe of financial advisers in the United States from 2005 to 2015, representing approximately 10% of employment of the finance and insurance sector. We provide the first large-scale study that documents the economy-wide...
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Keywords:
Financial Advisors;
Brokers;
Consumer Finance;
Financial Misconduct And Fraud;
FINRA;
Financial Institutions;
Crime and Corruption;
Organizational Culture;
Personal Finance;
Financial Services Industry
Egan, Mark, Gregor Matvos, and Amit Seru. "The Market for Financial Adviser Misconduct." Journal of Political Economy 127, no. 1 (February 2019): 233–295.
- 15 Nov 2016
- News
Cultivating the Next Generation of Thought Leaders
corruption and socially responsible behavior influence corporate profitability. He has found that bribery and corruption, while they may boost sales, lead to a loss in profits. Businesses that tackle environmental, social, and governance...
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- 07 Jun 2004
- Research & Ideas
The Competition of Countries
institutions had failed—or at least lagged, significantly. Q: What similarities between the globalization of corporations and countries have you noticed? A: Countries, like companies, must find a means of creating total factor...
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by Cynthia Churchwell
- 08 Mar 2016
- Research & Ideas
Solving an Economic Mystery Surrounding Argentina and Chile
cent in Argentina. Chile retains the highest credit rating in Latin America, based on the low 20 per cent ratio of public debt to GDP. In Argentina that ratio is 45 per cent. There remains also a solid institutional foundation for...
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by Sean Silverthorne
- 20 Oct 2009
- First Look
First Look: October 20
of Corruption Scandals Authors:Rafael Di Tella and Ignacio Franceschelli Abstract We construct measures of the extent to which the four main newspapers in Argentina report government corruption on their...
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Martha Lagace
- 20 Feb 2007
- First Look
First Look: February 20, 2007
Tata & Sons helped revolutionize business practices in India. From instituting the eight-hour work day and paid leave to providing a retirement gratuity, Tata's policies created a standard to which other companies—and eventually...
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Martha Lagace
- 01 Jun 2002
- News
Africa Business Conference Creates Ongoing Forum for Change
students to use their skills and knowledge to help develop the African continent. Referring to corrupt leaders in Africa, Savage said, “We still have some of the old guard who don't understand that things have changed. They are on their...
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- 07 Mar 2005
- What Do You Think?
Should Business Management Be Regarded as a Profession?
advantages to having certification, I believe that it would be impractical...Unlike law or medicine, business knowledge is not easily quantified." Others objected to the idea that certification might somehow be a good response to the recent incidences of View Details
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by James Heskett
- May 2022
- Article
When Harry Fired Sally: The Double Standard in Punishing Misconduct
By: Mark Egan, Gregor Matvos and Amit Seru
We examine gender differences in misconduct punishment in the financial advisory industry. We find evidence of a “gender punishment gap”: following an incident of misconduct, female advisers are 20% more likely to lose their jobs and 30% less likely to find new jobs...
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Keywords:
Financial Advisers;
Brokers;
Gender Discrimination;
Consumer Finance;
Financial Misconduct And Fraud;
FINRA;
Financial Institutions;
Employees;
Crime and Corruption;
Gender;
Prejudice and Bias;
Personal Finance;
Financial Services Industry
Egan, Mark, Gregor Matvos, and Amit Seru. "When Harry Fired Sally: The Double Standard in Punishing Misconduct." Journal of Political Economy 130, no. 5 (May 2022): 1184–1248.
- 01 Dec 2005
- News
The Deleterious Effects of Dirty Money
corporations, and fake transactions. The practice bolsters international crime and terrorism and contributes to global inequality and poverty, he writes. A guest scholar at the Brookings Institution and a senior fellow at the Center for...
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- 01 Mar 2010
- News
Sole Mates
firsthand as CFO of Liberia’s Forestry Development Authority (FDA). An American citizen, I came here in 2006 to work in a USAID-sponsored project aimed at combating corruption in state-owned enterprises. Here’s one case I encountered: A...
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- 01 Jun 2000
- News
Q & A: Gustavo Herrero
are thin. The sale of national companies to foreign multinationals weakens regional stock markets even further. Corruption is another issue that must be confronted in most countries. What is the purpose of the LARC? Our mission is to help...
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Garry Emmons
- 23 May 2011
- Research & Ideas
Corporate Sustainability Reporting: It’s Effective
statistical and survey measures. Those measures include not only hard statistics but also indicators from anonymous surveys of executives, on issues such as the level of corruption in the country, the quality of labor relations, and...
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by Michael Blanding
- 01 Mar 2017
- News
Ask the Expert: Capital Architect
Brunell spent five years helping Vietnam transition to a market economy, instituting government transparency measures and a national competitiveness index. (© Whitehotpix/ZUMAPRESS.com) David Brunell (MBA 1962) is a master at making...
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