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All HBS Web
(267)
- News (34)
- Research (187)
- Events (2)
- Multimedia (3)
- Faculty Publications (113)
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- 28 Aug 2012
- First Look
First Look: August 28
or 'institutional voids' on the value of corporate diversification. Specifically, we explore whether the presence of frictions in a country's capital markets, labor markets, and product markets, affect the excess value of diversified...
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Sean Silverthorne
- 21 Aug 2018
- First Look
New Research and Ideas, August 21, 2018
the incentives of brokers, and brokers price discriminate based on a consumer's level of sophistication. The model estimates indicate that costly search is a key friction in retail financial markets, but the effects of search costs are...
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Dina Gerdeman
- 03 Mar 2003
- Research & Ideas
The Ingredients of a Deal Disaster
deal-driving third party (Ovitz). As a result, each side had an optimistic but badly distorted view of the other's real intentions, leading to post-deal friction and the sale of MCA a few years later to Seagram, at a substantial loss to...
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- 01 Aug 2012
- What Do You Think?
Should CEOs Worry About ‘Too Big to Succeed?’
economies of scale are outweighed by frictions and inefficiencies that accompany bigness. This principle has served Nucor Steel well as it has risen to the premier place in US steel making. Similarly, Arkadi Kuhlmann, in putting together...
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- 10 Jul 2018
- First Look
New Research and Ideas, July 10, 2018
publishing) are likely to reshape the structure of demand for executive development. Download working paper: https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=51662 The Impact of Increasing Search Frictions on Online Shopping Behavior:...
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Dina Gerdeman
- 09 Nov 2015
- Research & Ideas
These Employers Pay Higher Salaries than Necessary
comparatively in the dark, creating an “information friction” that the freelancers can exploit. In a March 2015 working paper, Information Frictions and Observable Experience, Stanton, along with Catherine Thomas (PhDBE 2006) of the...
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- 18 Jun 2014
- Research & Ideas
Leading Innovation is the Art of Creating ‘Collective Genius’
projects on time with limited computing resources while also limiting friction among the forces. The crazy solution: Brandeau asked Disney Animation (Disney bought Pixar in 2006) if the studio could borrow 250 computers, an idea someone...
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by Kim Girard
- 13 Feb 2007
- First Look
First Look: February 13, 2007
deployment of their technology abroad. The paper demonstrates that when firms want to exploit technologies abroad, multinational firm (MNC) activity and foreign direct investment (FDI) flows arise endogenously when monitoring is nonverifiable and financial View Details
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Martha Lagace
- 17 Jul 2018
- First Look
New Research and Ideas, July 17, 2018
Programs By: Hanson, Samuel G., David S. Scharfstein, and Adi Sunderam Abstract—We develop a model of government portfolio choice in which a benevolent government chooses the scale of risky projects in the presence of market failures and tax distortions. These two...
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Dina Gerdeman
- 29 Apr 2015
- Lessons from the Classroom
Use Personal Experience to Pick Winning Stocks
that friction in the market between what the price is and what it should be, Cohen and Malloy stress the importance of identifying a "catalyst" that will cause the market to catch up. "It's one thing to say I am going to...
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- 12 Feb 2007
- Lessons from the Classroom
‘UpTick’ Brings Wall Street Pressure to Students
incredibly intense competition," Stafford notes. "But students don't have much context to evaluate what that really means and to understand what types of frictions prevent markets from being competitive." "It's not so...
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- 15 Sep 2014
- Research & Ideas
Are the Most Talented Employees the Highest Paid? Yes—If They’re Bankers
on compensation of talented people, then you stop this mechanism, and you run the risk of having your company be less profitable," Vallée says. "You're putting a friction on a competitive market that's doing what it's meant to do." He...
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- 18 Jun 2013
- First Look
First Look: June 18
managers-firms with the greatest information frictions prior to the rule change. We report three changes related to compensation after 1992 for division managers. First, within firms with dispersed managers, division manager pay co-moves...
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Anna Secino
- 23 May 2017
- First Look
First Look at New Ideas and Research: May 23, 2017
substantial variation exists across organizations with regard to management, suggesting frictions in the broader diffusion of management knowledge. We argue that peer networks may allow for the diffusion of productive management across...
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Carmen Nobel
- 16 Jan 2018
- First Look
First Look at New Research and Ideas, January 16, 2018
developing more molecularly novel drug compounds, as opposed to more so-called "me-too" drugs. This pattern suggests that, on the margin, firms perceive novel drugs to be more valuable ex-ante investments but that financial View Details
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Sean Silverthorne
- 01 Mar 2016
- First Look
March 1, 2016
literature on the role of financial frictions in macroeconomics, this paper suggests that time-variation in expected returns to credit-market investors can be an important driver of economic fluctuations. Download working paper:...
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Sean Silverthorne
- 16 Aug 2016
- First Look
August 16, 2016
frictions play a first-order role in determining market prices. Download working paper: https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=49425 Popular Acceptance of Inequality Due to Brute Luck and Support for Classical Benefit-Based...
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Sean Silverthorne
- 01 Aug 2017
- First Look
First Look at New Research and Ideas, August 1
a given stage of the value chain is shaped by the relative contractibility of the stages located upstream versus downstream from that stage, as well as by the firm's productivity. Our results suggest that contractual frictions play an...
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Sean Silverthorne
- 10 Jun 2014
- First Look
First Look: June 10
Publications August 2013 pub Cannibalization and Option Value Effects of Secondary Markets: Evidence from the U.S. Concert Industry By: Bennett, Victor Manuel, Robert Seamans, and Feng Zhu Abstract—We examine how reducing search View Details
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Sean Silverthorne
- 08 Oct 2013
- First Look
First Look: October 8
environments. Further, this effect is larger when (i) there are greater cross-border frictions between the parent and subsidiary and (ii) the parents are relatively more involved in their subsidiaries' investment decision-making process....
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Sean Silverthorne