Harvard Business School Working Knowledge

Why Does Business Invest in Education in Emerging Markets? Why Does It Matter?

Wed, 11/06/2019 - 00:00
This paper represents the first systematic attempt to identify and compare investment in education across emerging economies, specifically in Africa, Asia, Latin America, Turkey, and the Persian Gulf between the 1960s and the present day.by Valeria Giacomin, Geoffrey Jones, and Erica Salvaj9346Geoffrey G. Jones24276Working Paper Summaries

Torched Planet: The Business Case to Reinvent Almost Everything

Wed, 11/06/2019 - 00:00
With climate change scorching the planet, business leaders have a once-in-a-lifetime opportunity to change the world—and make money in the process, says Rebecca Henderson.by Rebecca Henderson9344Rebecca M. Henderson12345Op-Ed

The Economic Effects of Private Equity Buyouts

Tue, 11/05/2019 - 00:00
This study of 6,000 US buyouts between 1980 and 2013 finds that the real-side effects of buyouts on target firms and their workers vary greatly by deal type and market conditions.by Steven J. Davis, John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, and Javier Miranda9345Josh Lerner9961Working Paper Summaries

Can the Robin Hood Army Grow with Zero Financial Resources?

Tue, 11/05/2019 - 00:00
In 2014, Neel Ghose (MBA 2019) created the Robin Hood Army, an entirely volunteer-based organization working to get surplus food to hungry people. Just four years later, they had served more than 9 million people in 103 cities around the world, all while maintaining their “golden rule” of being zero-funds. Harvard Business School’s Susanna Gallani and Ghose discuss the most pressing challenge facing the organization with its fast growth and no monetary assets: how to attract, retain, and motivate workers.Re: Susanna Gallani9343Susanna Gallani774593Cold Call Podcast

Should Non-Compete Clauses Be Abolished?

Fri, 11/01/2019 - 00:00
Non-compete clauses bind employees to their employers, preventing workers from bringing secrets to competitors. But increasingly, NCCs are unnecessarily restricting job mobility for low-level jobs. Should they be banned? asks James Heskett.by James Heskett9342James L. Heskett6842What Do You Think?

How to Recover Gracefully After Shutting Down Your Startup

Wed, 10/30/2019 - 00:00
It’s hard to call it quits on a business venture, but entrepreneurs can wind down a struggling startup while keeping their reputations and sanity intact, says Tom Eisenmann. The first step is knowing when to accept defeat.by Danielle Kost9341Thomas R. Eisenmann6452Research & Ideas

Robots in the Boardroom

Tue, 10/29/2019 - 00:00
Understanding cloud technology was the No. 1 imperative for executives this decade. Next up: How does artificial intelligence change business and management?by Sean Silverthorne9339Sharpening Your Skills

Crowdsourcing Memories: Mixed Methods Research by Cultural Insiders-Epistemological Outsiders

Tue, 10/29/2019 - 00:00
Research on the traumatic 1947 partition of British India has most often been carried out by scholars in the humanities and qualitative social sciences. This article presents mixed methods research and analysis to explore tensions within current scholarship and to inspire new understandings of the Partition, and more generally, mass migrations and displacement.by Tarun Khanna, Karim R. Lakhani, Shubhangi Bhadada, Nabil Khan, Saba Kohli Davé, Rasim Alam, and Meena Hewett9340Tarun Khanna6491Karim R. Lakhani240491Working Paper Summaries

Brick-and-Mortar Stores Are Making a Comeback

Mon, 10/28/2019 - 00:00
Left for dead alongside the retail highway, physical stores are suddenly finding new ways to compete, say Jill Avery and Antonio Moreno.by Jen McFarland Flint9337Jill J. Avery176164Antonio Moreno1029325Research & Ideas

Decarbonization Factors

Wed, 10/23/2019 - 00:00
This paper contributes to a growing knowledge base about how climate change impacts investor expectations, capital allocations and thereby pricing and returns. It provides actionable insights into how to decarbonize portfolios and evaluate the likely performance and carbon exposure differences across strategies.by Alex Cheema-Fox, Bridget LaPerla, George Serafeim, David Turkington, and Hui (Stacie) Wang9336George Serafeim15705Working Paper Summaries

Use Artificial Intelligence to Set Sales Targets That Motivate

Tue, 10/22/2019 - 00:00
Setting sales targets has always been an inexact science, with serious consequences if done poorly. Using AI-based advanced analytics might be the answer, argues Doug Chung.by Michael Blanding9335Doug J. Chung643341Research & Ideas

‘Chick Beer’ for Women? Why Gender Marketing Repels More Than Sells

Thu, 10/17/2019 - 00:00
Just how far will women go to avoid products labeled "for women?" Research by Leslie K. John and colleagues explores why gender marketing usually offends the very people a company is trying to attract.by Dina Gerdeman9334Kate Barasz566390Leslie K. John589473Michael I. Norton326229Research & Ideas

Persuasion by Populist Propaganda: Evidence from the 2015 Argentine Ballotage

Thu, 10/17/2019 - 00:00
This paper studies data generated prior to the 2015 Argentine presidential ballotage, when a government propaganda campaign was used to attack the opposition candidate and influence voter preferences. Results show the propaganda was persuasive.by Rafael Di Tella, Sebastian Galiani, and Ernesto Schargrodsky9330Rafael M. Di Tella6448Working Paper Summaries

Read Our Most Popular Stories of the Quarter

Wed, 10/16/2019 - 00:00
From using machine learning to study CEOs to the value of work-from-anywhere policies, these were the stories that clicked most with our readers over the last three months.by Sean Silverthorne9333Research & Ideas

Core Earnings? New Data and Evidence

Wed, 10/16/2019 - 00:00
Using a novel dataset of earnings-related disclosures embedded in the 10-Ks, this paper shows how detailed financial statement analysis can produce a measure of core earnings that is more persistent than traditional earnings measures and forecasts future performance. Analysts and market participants are slow to appreciate the importance of transitory earnings.by Ethan Rouen, Eric So, and Charles C.Y. Wang9331Ethan C. Rouen953217Charles C.Y. Wang651677Working Paper Summaries

Goldman Sachs Started 7,300 Small Businesses. What’s Next?

Tue, 10/15/2019 - 00:00
Re: Leonard A. Schlesinger9325Leonard A. Schlesinger6548Cold Call Podcast

Vote Choice Formation and the Minimal Effects of TV Debates: Evidence from 61 Elections in 9 OECD Countries

Tue, 10/15/2019 - 00:00
This study of 61 elections around the world finds that vote choices aggregate a lot of information obtained during the electoral season, but the contribution of TV debates to this process is negligible.by Caroline Le Pennec-Caldichoury and Vincent Pons9332Vincent Pons736825Working Paper Summaries

Undisclosed Debt Sustainability

Mon, 10/14/2019 - 00:00
Presenting a scenario in which non-Paris Club lending and borrowing is fully disclosed, this study illustrates that transparency has potential effects of decreased debt sustainability for investors such as China, and significant welfare gains for recipient countries. Effects are particularly strong if the debt is large.by Laura Alfaro and Fabio Kanczuk9329Laura Alfaro6629Working Paper Summaries

Birds of a Feather ... Enforce Social Norms? Interactions Among Culture, Norms, and Strategy

Thu, 10/10/2019 - 00:00
Does culture eat strategy for breakfast? By analyzing the role of a company's social norms—how they develop and why people reinforce them, despite their personal beliefs—this paper offers new insights about the power of culture.by Hongyi Li and Eric J. Van den Steen9327Eric J. Van den Steen301858Working Paper Summaries

Vote Choice Formation and the Minimal Effects of TV Debates

Thu, 10/10/2019 - 00:00
TV debates offer ample fodder for political pundits, but do they sway voters? Using voter data from 61 elections in nine countries, the team behind this paper sheds light on the most important factors behind election outcomes.by Caroline Le Pennec and Vincent Pons9328Vincent Pons736825Working Paper Summaries