Showing results 1 - 10 of 1629
May 19, 2021, Video: "America’s energy needs and challenges have never been more vital. All forms of renewable energy will play a critical role in addressing those needs. Generating energy that produces little or no greenhouse gas emissions from fossil fuels is part of the effort to diversify the energy supply and impacts all communities, including the underserved and underfunded."…
| Andy Wu
May 14, 2021, Paper: "Our study introduces board committees as a crucial determinant of board actions. We examine how directors who structurally link different board committees—referred to as multi-committee directors (MCDs)—explain why some board actions are merely symbolic while others are more substantive. As a baseline, we argue that boards in general respond to financial restatements at peer firms by symbolically appointing new directors…
| George Serafeim
2021, Paper: "Companies are developing strategies to manage rising risks from climate change, such as setting targets for reductions in carbon emissions, investing resources to develop new products, and choosing suppliers that are better prepared for the transition to a low-carbon economy. In this context, investors are using a host of data to help them manage climate risks through portfolio construction. In this paper, we evaluate three broad…
| Guhan Subramanian
2021, Paper: "The COVID-19 pandemic has brought new attention to the period between signing and closing in M&A transactions. Transactional planners heavily negotiate the provisions that govern the behavior of the parties during this window, not only to allocate risk between the buyer and seller, but also to manage moral hazard, opportunistic behavior, and other distortions in incentives. Prior literature, both academic and practitioner, has…
| Joseph Aldy
April 22, 2021, Video: "On Thursday, April 22, 2021 at 10:00 a.m. E.T., Rep. Ro Khanna, Chairman of the Subcommittee on the Environment, will hold the Subcommittee’s first hearing of the Congress on Earth Day entitled, “The Role of Fossil Fuel Subsidies in Preventing Action on the Climate Crisis.”"
HKS Author - Joseph Aldy
| Matthew Stephenson
2021, Paper: "Most global corruption statistics are based on estimation, extrapolation, or generalisation. How plausible are they? We review ten of the most widely cited claims, tracing each to its source and evaluating its credibility and reliability. We found that none could be classified as credible, and only two came close. After critiquing these oftcited figures, we suggest five ways that organisations can improve the statistical claims…
| Henry Smith
April 2021, Paper: "Within the realm of remedies, intellectual property remedies have presented particular difficulties, and in intellectual property law, controversy has focused on remedies. Concerns about holdup in intellectual property have even begun to lead to innovations in the law of remedies itself. Many of the difficulties and controversies raging now center around remedies that are “equitable.” In this Essay I argue that recovering a…
| Cass Sunstein
April 2021, Paper: "The American administrative state has become a cost-benefit state, at least in the sense that prevailing executive orders require agencies to proceed only if the benefits justify the costs. Some people celebrate this development; others abhor it. For defenders of the cost-benefit state, the antonym of their ideal is, alternately, regulation based on dogmas, intuitions, pure expressivism, political preferences, or interest-…
| Mark Roe
April 13, 2021, Paper: "Stock-market short-termism—stemming from rapid trading and activists looking for quick cash—is, a widespread view has it, hurting the American economy. Because stock markets will not support corporate long-term planning, the thinking goes, companies fail to invest enough, do not do enough research and development, and buy back so much of their stock that their coffers are depleted of cash for their future. This…
| James Hammitt
Introduction to Special Issue on Risk Assessment, Economic Evaluation, and Decisions - James Hammitt
April 2021, Paper: "Integrating risk assessment, economic evaluation, and uncertainty to inform policy decisions is a core challenge to risk analysis. In September 2019, the Harvard Center for Risk Analysis, with support from the Society for Risk Analysis Economics and Benefits Analysis Specialty Group and others, convened a workshop to address this issue. The workshop built in part on the recommendations of the 2009 National Research Council…