Filter Results
:
(159)
Show Results For
- All HBS Web (287)
- Faculty Publications (82)
Show Results For
- All HBS Web (287)
- Faculty Publications (82)
Sort by
- 30 Jul 2001
- What Do You Think?
What’s the Future of Corporate Governance?
and loyalty—that help predict future performance? Should they be responsible for the regular auditing of such measures? Should the measures be made available to investors on a regular basis? In fact, should the SEC or another organization...
View Details
Keywords:
by James Heskett
- 12 Jul 2004
- Research & Ideas
Enron’s Lessons for Managers
long distances, among other differences, he said.) Deceit and denial fostered ethical drift. Enron's ethical drift was further motivated by a desire to manage the credit rating and to manage the need for cash and earnings volatility, in violation of GAPP and View Details
Keywords:
by Martha Lagace
- 08 Jul 2002
- What Do You Think?
Have We Carried the Concept of Alignment Too Far?
Article In the past several weeks we have been treated to vastly restated earnings, the conviction of an entire accounting firm, and the baiting by congressional committees of witnesses drawn from the ranks of corporate managers. We are faced with the prospect of new...
View Details
Keywords:
by James Heskett
- 05 Jul 2017
- Research & Ideas
Are Stockbrokers Illegally Leaking Confidential Information to Favored Clients?
information from an SEC form The researchers also collected information from the Security and Exchange Commission’s Schedule 13D forms for the same time period. And here’s where the potentially shady broker activity starts to become...
View Details
- 19 Jan 2011
- Research & Ideas
Activist Board Members Increase Firm’s Market Value
two organizations jointly filed a lawsuit against the SEC, arguing that the rule violated the Administrative Procedure Act and that the SEC failed to properly assess the rule's effects on "efficiency, competition and capital...
View Details
Keywords:
by Carmen Nobel
- 14 Jun 2016
- First Look
June 14, 2016
permission from the Securities and Exchange Commission (SEC) to exclude specific proposals from the proxy statement. From 2003 to 2013, we find that managers seek to exclude 40% of all proposals they receive, but the SEC does not permit...
View Details
Keywords:
Sean Silverthorne
- 13 Jun 2012
- HBS Case
HBS Cases: A Startup Takes On the Credit Ratings Giants
Three. Should it focus its business on a single sector such as structured products or attack multiple sectors? How could enough skilled analysts be recruited quickly? How would the firm acquire status as a Nationally Recognized Statistical Rating Organization, an View Details
- 16 Jan 2012
- Research & Ideas
Private Meetings of Public Companies Thwart Disclosure Rules
are actively breaking the rules of Regulation FD. Rather, he is suggesting that the SEC may need to spend more time determining what constitutes material information. For an astute observer, simply observing a CEO's emotions during a...
View Details
- 11 Oct 2017
- Research & Ideas
The House Wants to Squelch Voices of ‘Small’ Shareholders. Research Shows Those Voices Matter.
$8 billion. Proponents of the proposed rule argue that it would prevent companies from having to consider frivolous proposals from small investors who don’t have much stake in a company’s success. After all, it takes a lot of time and effort for a manager to reject a...
View Details
Keywords:
by Carmen Nobel
- 21 Jun 2011
- First Look
First Look: June 21
Standard Setters in Standard Setting Authors: Abigail M. Allen and Karthik Ramanna Abstract We investigate the idiosyncratic influence of standard setters in standard setting. In particular, we examine how FASB members' and SEC...
View Details
Keywords:
Sean Silverthorne
- 13 Jan 2015
- First Look
First Look: January 13
Tommy Koh to negotiate the U.S.-Singapore Free Trade agreement serve as an extended case study of a complex, multiparty negotiation that illustrates and further elaborates the concept of a negotiation campaign. Download working paper: http://ssrn.com/abstract=2539774...
View Details
Keywords:
Sean Silverthorne
- 24 May 2004
- Research & Ideas
When Reputation Trumps Regulation
governance. But in both cases regulatory oversight has little to do with the outcome. Professor Siegel recently participated in this Q&A. Ann Cullen: You make the case that the SEC has been unable to be the world's enforcement agency...
View Details
Keywords:
by Ann Cullen
- 07 Apr 2003
- Research & Ideas
Three Steps for Crisis Prevention
exactly that." The Big Five also spent millions of dollars urging members of Congress to threaten the SEC leadership with budget cuts if it imposed limits on auditor services. The lobbying worked. The View Details
Keywords:
by Michael D. Watkins & Max H. Bazerman
- 12 Jan 2015
- Research & Ideas
Regulators Ease Up on Companies Generating Political Benefits
answers to understand that laxity including political contributions to politicians and even proximity to SEC headquarters. Heese had a different thought. Do Regulators Play Favorites? What if companies were given a pass on their lax...
View Details
Keywords:
by Michael Blanding
- 26 Nov 2013
- First Look
First Look: November 26
Elected to the board in 2006 and then unanimously selected by her peers as chairman in June 2008, Britell led the board through the aftermath of a tumultuous period that included senior management and board changes, an SEC investigation,...
View Details
Keywords:
Sean Silverthorne
- 20 Nov 2012
- First Look
First Look: November 20
firm pay, we exploit exogenous increases in access to pay information using the SEC 1992 Proxy Disclosure Rule that differentially affected firms. Based on differences-in-differences models, we find increased PRS and decreased...
View Details
Keywords:
Sean Silverthorne
- 09 Dec 2008
- First Look
First Look: December 9, 2008
2003 and 2004—the first case where the SEC has allowed an accounting matter to be subject to an advisory vote at an annual meeting. We find evidence suggesting that ESO expensing shareholder proposals affected accounting and compensation...
View Details
Keywords:
Martha Lagace
- 26 Jun 2018
- First Look
New Research and Ideas, June 26, 2018
Political Influence of Voters' Interests on SEC Enforcement By: Heese, Jonas Abstract—I examine whether political influence as a response to voters’ interest in employment levels is reflected in the enforcement actions of the Securities...
View Details
Keywords:
Dina Gerdeman
- 01 Jul 2013
- Research & Ideas
Crowdfunding a Poor Investment?
nearly double the amount in 2012. That's nothing compared to the bonanza expected when the SEC opens up the floodgates for nonaccredited individual investors to directly acquire equity in private companies—and for companies to directly...
View Details
- 31 Aug 2009
- Research & Ideas
Why Competition May Not Improve Credit Rating Agencies
For example, having more raters gives the SEC more leeway to ban or punish a rater, because the SEC can do it without debilitating the financial markets. Q: How can business leaders improve the quality of...
View Details