• Virtual Ownership and Managerial Distance

    Updated: 2012-01-30 14:46:40
    | Dick Langlois | If you’re in New York on February 6, you might want to go hear the always-interesting Henry Hansmann talk about work he is doing with Nicolai’s CBS colleague Steen Thomsen. The talk is at 4:20 in Room 701 Jerome Greene Hall at Columbia. This is part of the Columbia Law and [...]

  • Birger Wernerfelt to Become Honorary Doctor at CBS

    Updated: 2012-01-29 13:52:22
    | Nicolai Foss | Over the last few years, CBS has bestowed honorary doctoral degrees on the likes of Jay Barney, Oliver Williamson, Oliver Hart, Michael Brennan, and other luminaries in strategy, the theory of the firm, and finance (in addition to a number of reps of pomo in management research that are of small interest to O&M [...]

  • Finance and the Nature of the Firm

    Updated: 2012-01-25 11:47:35
    | Peter Klein | Raghu Rajan’s AFA presidential address is now online as an NBER working paper: The nature of the firm and its financing are closely interlinked. To produce significant net present value, an entrepreneur has to transform her enterprise into one that is differentiated from the ordinary. To achieve the control that will [...]

  • Life in the Echo Chamber

    Updated: 2012-01-24 17:06:08
    | Peter Klein | You’ve all heard the story of the Manhattan socialite who expressed shock at Nixon’s landslide 1972 victory because “nobody I know voted for him.” (Attributed variously to Pauline Kael, Katharine Graham, Susan Sontag, and others, and probably apocryphal, but who cares; it’s a great quote.) I was reminded of this by a [...]

  • Perceptions of Opportunities – Part 1

    Updated: 2012-01-23 20:38:35
    | Peter Lewin | The January 2012 issue of the AMR (available here for subscribers or those with academic access) features two review articles assessing the progress of the “Promise” examined in the well-known article by Scott Shane and Sankaran Venkataraman (AMR 2000: The Promise of Entrepreneurship as a Field of Research) — one from [...]

  • Charles Dickens, Capitalist

    Updated: 2012-01-23 15:00:30
    | Peter Klein | Did you know 2012 is the centenary of Charles Dickens’s birth? Dickens is often lumped with Carlyle, Shaw, Ruskin, etc. as a Romantic, Victorian, literary anti-capitalist. (Carlyle indeed disliked capitalism, but not for the usual reasons.) But Dickens, as I originally learned from Paul Cantor, was a wildly successful capitalist and entrepreneur, a driving [...]

  • Management in Popular Culture

    Updated: 2012-01-20 20:35:28
    | Peter Klein | I recently read Planet of the Apes, the 1963 novel by Pierre Boulle that inspired the movie franchise. Not surprisingly, the book is far more interesting and intelligent than the films. In the novel (spoiler alert!), the ape planet isn’t a future Earth, but a distant world much like Earth in [...]

  • Conference on the Law & Economics of Organization: New Challenges and Directions

    Updated: 2012-01-19 15:25:44
    | Peter Klein | Via Scott Masten, an important call for papers: The Walter A. Haas School of Business at the University of California, with support from the Alfred P. Sloan Foundation, is issuing a call for original research papers to be presented at the Conference on the Law & Economics of Organization: New Challenges [...]

  • SOPA Blackout Day

    Updated: 2012-01-18 05:05:51
    Filed under: Innovation, Public Policy / Political Economy

  • Kaplan on Private Equity

    Updated: 2012-01-16 17:13:55
    | Peter Klein | Mitt Romney’s time as head of Bain Capital has put private equity in the public spotlight. Jonathan Macey gave a vigorous defense of PE in Friday’s WSJ. I am certainly a fan, though of course PE as a governance mechanism has benefits and costs, like all organizational structures. For a great [...]

  • Glossary

    Updated: 2012-01-16 01:09:44
    Home Glossary Glossary A At the money Average Directional Index ADX Average True Range B Bar Chart bear market territory Breakdown Breakout bull market territory C Candlestick Close Congestion Consolidation Continuation Pattern Correction Cup-and-handle Pattern D Daily range Days in a Row Defensive Stocks Divergence Double Bottom Double top E Earnings Per Share Expansion Breakout Exponential Moving Average F Fibonacci Fill or kill Flag Follow through G Gap Generals Good-till-canceled H Head-and-shoulders High-level Historical volatility I Implied volatility In the money Inside day K Key reversal L Large Moves Limit Move Limit order Liquidity Listed Stock Low-level M Market order Market-on-close Market-on-open McClellan Oscillator Measured Move Meltdown Momentum Moving Average Moving

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