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- All HBS Web (67)
- Faculty Publications (23)
Show Results For
- All HBS Web (67)
- Faculty Publications (23)
- 2009
- Working Paper
Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act
By: Dhammika Dharmapala, C. Fritz Foley and Kristin J. Forbes
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using...
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Keywords:
Investment;
Multinational Firms and Management;
Government Legislation;
Taxation;
Business and Shareholder Relations;
Behavior;
United States
Dharmapala, Dhammika, C. Fritz Foley, and Kristin J. Forbes. "Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act." NBER Working Paper Series, No. 15023, June 2009.
Pioneer Natural Resources: Enhancing the Capital Return Strategy With Variable Dividends
In February 2021, Scott Sheffield, the CEO of Pioneer Natural Resources (an independent oil and gas company based in Texas), was considering the possibility of enhancing the firm’s capital return strategy by introducing a variable dividend tied to cash...
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- April 2012
- Article
Share Issuance and Factor Timing
By: Robin Greenwood and Samuel G. Hanson
We show that characteristics of stock issuers can be used to forecast important common factors in stocks' returns such as those associated with book-to-market, size, and industry. Specifically, we use differences between the attributes of stock issuers and repurchasers...
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Keywords:
Investment Portfolio;
Stock Shares;
Forecasting and Prediction;
Investment Return;
Policy;
Profit
Greenwood, Robin, and Samuel G. Hanson. "Share Issuance and Factor Timing." Journal of Finance 67, no. 2 (April 2012): 761–798. (Internet Appendix Here.)
- 20 Oct 2009
- First Look
First Look: October 20
in the U.S. economy, and the rise of China, all of which posed new challenges to policy management. In 2009, the global economy remained mired in a deep crisis following the subprime meltdown in the U.S. The situation was also a true...
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Martha Lagace
- 27 Apr 2010
- First Look
First Look: April 27
our results suggest that the predictive value of accruals and market participants' ability to process it are a significant driver of accrual-based anomalies. Consumer Policy Author:J. Gunnar Trumbull Publication:Chap. 26 in The Oxford...
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Martha Lagace
- 22 Apr 2014
- First Look
First Look: April 22
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1719204 Payout Policy By: Farre-Mensa, Joan, Roni Michaely, and Martin C. Schmalz Abstract—We survey the literature on payout...
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Sean Silverthorne
- 04 Dec 2018
- First Look
New Research and Ideas, December 4, 2018
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 both direct and indirect equity issuances,...
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Keywords:
Dina Gerdeman
- Web
Japan - Global
participants, including HBS alums and friends, found great value in the vibrant discussion led by Professor Sadun. AUGUST 2023 EVENT In-Person Event: The Stock Buyback Controversy: Facts, Fictions, and Policies by HBS Professor Charles...
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- 29 Sep 2009
- First Look
First Look: September 29
Working PapersLocal Dividend Clienteles Authors:Bo Becker, Zoran Ivkovich, and Scott WeisbennerNBER Working Paper Series, No. 15175, July 2009 Abstract We exploit demographic variation to identify the effect of dividend demand on firm View Details
Keywords:
Martha Lagace
- 21 Jul 2022
- Research & Ideas
Did Pandemic Stimulus Funds Spur the Rise of 'Meme Stocks'?
February 2021, for example, 72 percent received stimulus checks and half of them planned to invest those funds. To test their work further, researchers examined how Hong Kong’s similar cash payouts affected its markets, and found a...
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- Web
HBS - Financials | Supplemental Financial Information
tuition and fee revenue from the MBA program decreased 17 percent to $113 million from $136 million in fiscal 2020, as a number of students chose to take advantage of the School's deferral and leave policies during the pandemic. To put...
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- Web
HBS - Financials | Supplemental Financial Information
number of students elected to take advantage of the School’s deferral and leave policies because of COVID, reducing enrollment by 14 percent from fiscal 2020. By contrast, enrollment in fiscal 2022 was 1,870 students, in line with the...
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- 17 Mar 2009
- First Look
First Look: March 17, 2009
Working PapersFemale Empowerment: Impact of a Commitment Savings Product in the Philippines Authors:Nava Ashraf, Dean Karlan, and Wesley Yin Abstract Female 'empowerment' has increasingly become a policy goal, both as an end to itself...
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Keywords:
Martha Lagace
- 18 Aug 2009
- First Look
First Look: August 18
one mechanism for capturing the performance benefits of diversity in experience and provide insight into how the management of experience accumulation affects team performance. Download the paper: http://www.hbs.edu/research/pdf/09-145.pdf PublicationsInstitutional...
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Martha Lagace
- 21 Oct 2014
- First Look
First Look: October 21
Economics Payout Policy By: Farre-Mensa, Joan, Roni Michaely, and Martin C. Schmalz Abstract—We survey the literature on payout policy, with a particular emphasis on...
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Keywords:
Sean Silverthorne
- 15 Mar 2011
- First Look
First Look: March 15
PublicationsDo Strong Fences Make Strong Neighbors? Authors:Mihir Desai and Dhammika Dharmapala Publication:National Tax Journal 63 (December 2010) Abstract Many features of U.S. tax policy towards multinational firms—including the...
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Keywords:
Sean Silverthorne
- 25 Apr 2016
- News
Just Rewards
workforce, streamlined operations, and grown business. At Greggs, his policy of putting employees first was initially criticized by shareholders, but the approach yielded positive results for all and illustrated the benefits of investing...
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- Web
Strategies for Value Creation (SVC) - Course Catalog
practical insights rather than formal theories, and the application of relevant theories to practice. Toward that end, the course includes several “Policy Days” which analyze current policy debates in corporate America such as View Details
- 12 Oct 2011
- First Look
First Look: October 12
form of corporate social responsibility (CSR) through a sustainable business model that also generates superior financial performance. Read the paper: http://www.europeanbusinessreview.com/?p=4538 An Exploration of Optimal Stabilization View Details
Keywords:
Sean Silverthorne
- 07 Aug 2007
- First Look
First Look: August 7, 2007
complete abandonment of the current system. Download the paper: http://papers.nber.org/papers/W13213 Institutional Tax Clienteles and Payout Policy Authors:Mihir A. Desai and Li Jin Abstract This paper...
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Keywords:
Martha Lagace