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(1,261)
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- Research (1,003)
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- Faculty Publications (764)
Show Results For
-
All HBS Web
(1,261)
- News (117)
- Research (1,003)
- Events (2)
- Multimedia (5)
- Faculty Publications (764)
- June 2018 (Revised April 2021)
- Supplement
Valuing Snap After the IPO Quiet Period
By: Benjamin C. Esty, Marco Di Maggio and Greg Saldutte
Keywords:
Sell-side Analysts;
Underwriters;
Investment Banking;
Social Network;
Discounted Cash Flow;
Cost Of Capital;
Conflicts Of Interest;
Corporate Governance;
Advertising;
Quiet Period;
Business Startups;
Digital Marketing;
Initial Public Offering;
Information Infrastructure;
Valuation;
Venture Capital;
Forecasting and Prediction;
Social Media;
United States;
California
- June 2018
- Supplement
Valuing Snap After the IPO Quiet Period (B)
By: Marco Di Maggio and Benjamin C. Esty
Analyzes Snap’s value and analyst recommendations following the events described in the (A) case.
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Keywords:
Sell-side Analysts;
Underwriters;
Investment Banking;
Social Network;
Discounted Cash Flow;
Cost Of Capital;
Conflicts Of Interest;
Corporate Governance;
Advertising;
Quiet Period;
Business Startups;
Digital Marketing;
Initial Public Offering;
Information Infrastructure;
Valuation;
Venture Capital;
Forecasting and Prediction;
Social Media;
Advertising Industry;
Entertainment and Recreation Industry;
Web Services Industry;
United States;
California
Di Maggio, Marco, and Benjamin C. Esty. "Valuing Snap After the IPO Quiet Period (B)." Harvard Business School Supplement 218-096, June 2018.
- 2002
- Other Unpublished Work
Market Liquidity as a Sentiment Indicator
By: Malcolm Baker and Jeremy Stein
We build a model that helps to explain why increases in liquidity—such as lower bid–ask spreads, a lower price impact of trade, or higher turnover—predict lower subsequent returns in both firm-level and aggregate data. The model features a class of irrational...
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Keywords:
Price;
Financial Liquidity;
Trade;
Valuation;
Markets;
Forecasting and Prediction;
Equity;
Stock Shares;
Investment Return
Baker, Malcolm, and Jeremy Stein. "Market Liquidity as a Sentiment Indicator." NBER Working Paper Series, 2002. (First draft in 2001.)
- 2001
- Working Paper
When Does the Market Matter? Stock Prices and the Investment of Equity Dependent Firms
By: Malcolm Baker, Jeremy Stein and Jeffrey Wurgler
We use a simple model of corporate investment to determine when investment will be sensitive to non-fundamental movements in stock prices. The key cross-sectional prediction of the model is that stock prices will have a stronger impact on the investment of firms that...
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Baker, Malcolm, Jeremy Stein, and Jeffrey Wurgler. "When Does the Market Matter? Stock Prices and the Investment of Equity Dependent Firms." NBER Working Paper Series, No. 8750, December 2001. (First draft in 2001.)
- 09 Dec 2015
- Research Event
How Do You Predict Demand and Set Prices For Products Never Sold Before?
predictive and prescriptive analytics can be combined to develop a tactical decision-making tool that makes a big impact on the bottom line. For details about the research and the successful machine learning tool, see the paper “Analytics for an Online Retailer: Demand...
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- Web
Corporate Finance: Corporate Financial Operations (CFO) - Course Catalog
financial decision-making frameworks and processes that firms often use. The key modules include: Measuring and Driving Performance Forecasting Managing Cash and Source of Funding Managing Risk Managing Investment, Divestitures, and...
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- 19 Dec 2008
- News
WHBS, 820 on Your Dial
case discussions by faculty, “Job Market,” “Mystery Melody” (an audience call-in program), and such services as weather forecasts and the morning menus at Kresge. Students had their own disk-jockey programs of pop, folk, and classical...
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- 05 Nov 2007
- Research & Ideas
The Changing Face of American Innovation
with a complete characterization of these mechanisms can we begin to forecast future implications with accuracy. We can nevertheless agree that attracting and retaining these ethnic researchers is an important facet for maintaining U.S....
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- 01 Apr 2002
- News
Q&A - Mark Fields
we’ve greatly improved options and opportunities for our women employees, who tend to have more traditional roles in companies here compared with the United States. All of these ideas — innovative for Japan — have been well received. What’s your View Details
- January 2010
- Article
The Role of Experience in the Gambler's Fallacy
By: Greg Barron and Stephen Leider
Recent papers have demonstrated that the way people acquire information about a decision problem, by experience or by abstract description, can affect their behavior. We examined the role of experience over time in the emergence of the Gambler's Fallacy in binary...
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Keywords:
Experience and Expertise;
Decision Making;
Forecasting and Prediction;
Knowledge Acquisition;
Outcome or Result;
Game Theory;
Prejudice and Bias
Barron, Greg, and Stephen Leider. "The Role of Experience in the Gambler's Fallacy." Special Issue on Decisions from Experience. Journal of Behavioral Decision Making 23, no. 1 (January 2010).
- May 2007
- Article
Aspects of Endowment: A Query Theory of Value Construction
By: Eric Johnson, Gerald Häubl and Anat Keinan
How do people judge the monetary value of objects? One clue is provided by the typical endowment study (D. Kahneman, J. L. Knetsch, & R. H. Thaler, 1991), in which participants are randomly given either a good, such as a coffee mug, that they may later sell ("sellers")...
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Keywords:
Profit;
Forecasting and Prediction;
Theory;
Valuation;
Loss;
Ownership;
Decision Choices and Conditions
Johnson, Eric, Gerald Häubl, and Anat Keinan. "Aspects of Endowment: A Query Theory of Value Construction." Journal of Experimental Psychology: Learning, Memory, and Cognition 33, no. 3 (May 2007): 461–474.
- March 2002 (Revised December 2002)
- Background Note
A Note on Corporate Venturing and New Business Creation
By: David A. Garvin
Presents an introduction and overview of corporate venturing. Describes the need for companies to create new businesses, the stages in the process, predictable problems and challenges, the strengths and weaknesses of alternative approaches such as internal venture...
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Keywords:
Business Plan;
Business Startups;
Forecasting and Prediction;
Venture Capital;
Problems and Challenges
Garvin, David A. "A Note on Corporate Venturing and New Business Creation." Harvard Business School Background Note 302-091, March 2002. (Revised December 2002.)
- 20 Dec 2011
- First Look
First Look: December 20
The Wall Street Journal. We find no evidence that compensation is related to earnings forecast accuracy. But consistent with prior studies, we find analyst turnover to be related to forecast accuracy,...
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Keywords:
Carmen Nobel
- Web
HBS - Financials | From the Chief Financial Officer
strengthen the community, and charted an aspirational course for the future, demonstrating the resilience of the School’s faculty, staff, and students and the strength of the HBS economic model. Total revenues increased to a record level in fiscal 2022, exceeding our...
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- 23 Jul 2021
- Blog Post
Trends in Consumer Products
other businesses like hotels, which were clearly severely impacted. Overall, General Mills saw simultaneous highs and lows during the pandemic. For the job seeker, it is important to research how companies were affected by the Covid pandemic and what the View Details
- 01 Dec 2013
- News
Case Study: Citizen Buffett
Esty points to the investor's exclusion of the Tampa Tribune, Media General's largest newspaper, from his bid: "In retrospect, his targeting just the smaller papers is a big clue about his forecast for the industry. Unlike regionals or...
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- 01 Oct 2001
- News
HBS Press Books in Brief
offers a powerful alternative for identifying value-price gaps. The authors provide everything the reader needs to utilize the discounted cash flow model successfully. And they add an important twist: They suggest that rather than View Details
- July 2019
- Case
Four Products: Predicting Diffusion (2019)
By: John Gourville
One job of product managers, marketers, strategic planners, and other corporate executives is to predict what the demand will be for a new product. This task is easier for certain classes of new products than for others. For new consumer package goods, for instance,...
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Keywords:
Diffusion Processes;
Product Adoption;
Marketing;
Forecasting and Prediction;
Demand and Consumers;
Product;
Adoption;
Product Launch
Gourville, John. "Four Products: Predicting Diffusion (2019)." Harvard Business School Case 520-012, July 2019.
- June 2012
- Article
Comovement and Predictability Relationships Between Bonds and the Cross-Section of Stocks
By: Malcolm Baker and Jeffrey Wurgler
Government bonds comove more strongly with bond-like stocks: stocks of large, mature, low-volatility, profitable, dividend-paying firms that are neither high growth nor distressed. Variables derived from the yield curve that are already known to predict returns on...
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Keywords:
Relationships;
Bonds;
Stocks;
Investment Return;
Cash Flow;
Quality;
Risk and Uncertainty;
Forecasting and Prediction;
Profit
Baker, Malcolm, and Jeffrey Wurgler. "Comovement and Predictability Relationships Between Bonds and the Cross-Section of Stocks." Review of Asset Pricing Studies 2, no. 1 (June 2012): 57–87.
- December 2012
- Article
Evidence on the Use of Unverifiable Estimates in Required Goodwill Impairment
By: Karthik Ramanna and Ross L. Watts
SFAS 142 requires managers to estimate the current fair value of goodwill to determine goodwill write-offs. In promulgating the standard, the FASB predicted managers will, on average, use the fair value estimates to convey private information on future cash flows. The...
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Keywords:
Goodwill Impairment;
Fair-value Accounting;
FASB;
SFAS 142;
Fair Value Accounting;
Standards;
Cash Flow;
Agency Theory;
Motivation and Incentives;
Forecasting and Prediction;
Goodwill Accounting
Ramanna, Karthik, and Ross L. Watts. "Evidence on the Use of Unverifiable Estimates in Required Goodwill Impairment." Review of Accounting Studies 17, no. 4 (December 2012): 749–780.