Noon, MRCBG Conference Room
Harvard Kennedy School |
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CSRI STUDENT EVENT
The Corporate Responsibility Initiative will be hosting the co-founders of AllWorld Networks on Thursday, October 1 for a student feedback session on their corporate strategy, as they work to identify and rank the fastest growing companies in some of the world’s most fascinating emerging markets.
AllWorld Networks grew out of the Inner City 100 - a program founded by Harvard Business School’s Michael Porter and Inc. Magazine to identify the most successful entrepreneurs in America’s inner cities. Two years ago, this vision went global, and AllWorld launched the Saudi Arabia Fast Growth 100. The average growth rate of the first Saudi 100 is 40%, and collectively the winners employ 28,000 people. AllWorld is looking to identify the same locus of entrepreneurial power across the globe. Building on the success of the Saudi 100, the company is creating the “Arabia 500,” and in September 2009, launched the “South Africa 100” and “Africa 500,” the results of which will be announced next June in conjunction with the World Cup Soccer Tournament.
At the October 1 session, to be held from 1:00 - 2:30 pm in the Center for Business and Government conference room (5th floor, Belfer Building), Anne Habiby and Deirdre Coyle, AllWorld’s cofounders, will engage students to discuss the opportunities and challenges of locating, identifying and ranking the fastest growing companies in some of the world’s most fascinating and challenging emerging markets. In particular, they are interested in students’ feedback about leveraging social media tools for engaging entrepreneurs, and input on how to get the Africa 500 and Arabia 500 known around the world (both the ranking and the enterprises themselves). The session will be held using similar formats to student reviews of Microsoft and the InterContinental Hotels Group corporate responsibility reporting tools, and will be approximately 1.5 hours in length. If you are interested in participating in corporate review sessions in the 2009-2010 year, this is a great way to get a flavor for how the process works.
To participate, please email Shannon_Murphy@harvard.edu and attach a copy of your CV. You will receive a short background briefing one week before the meeting, and are expected to email me a brief (1-2 paragraph) feedback response before the session. Lunch will be served.
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12:30 - 2:00pm
Bell Hall |
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Business & Government Seminar Series
The announcement of Timothy Geithner as President Obama's nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for Geithner-connected financial firms of around 15 percent from day 0 (when the announcement was first leaked) to day 10. The quantitative effect is comparable to standard findings in emerging markets with weak institutions, and much higher than previous studies have found for the United States or other relatively rich democracies. The results hold when we control for how much firms were affected by the financial crisis, when we use matching estimators, and we apply a wide range of other robustness checks.
There were subsequently abnormal negative returns for connected firms when the news broke that Geithner's confirmation might be derailed by tax issues. Since the Geithner nomination announcement, policy has been supportive of the financial services sector and Geithner-connected firms have continued to show positive cumulative abnormal returns, but there is no compelling evidence that Treasury implemented the exact form of favoritism implied by the stock market reaction. Our results pick up market expectations and the perceived value of connections at a moment of intense financial crisis, rather than how policy was subsequently designed or implemented.
Sloan School of Business
MIT
RSVP to mrcbg@hks.harvard.edu |
12:00 - 1:30pm
Bell Hall |
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Business & Government Seminar Series
As a cap-and-trade system, the EU ETS is at once the first one for CO2 emissions, the largest such market yet created in value and number of covered installations, and the first multinational system. The talk will review and draw lessons from the EU ETS experience to date.
Massachusetts Institute of Technology
RSVP to mrcbg@hks.harvard.edu |
