- 09 May 2016
- Working Paper Summaries
What Do Measures of Real-Time Corporate Sales Tell Us About Earnings Surprises and Post-announcement Returns?
This study by Kenneth A. Froot and colleagues show that managers’ departures from the Timely Disclosure Hypothesis—the notion that managers release through available announcement channels all of their then-current private information—may be sensitive to post-quarter private information managers have obtained. Managers may act through their stock trading to benefit from these departures.
- 19 Sep 2011
- Research & Ideas
Doomsday Coming for Catastrophic Risk Insurers?
Insurance "reinsurers" underwrite much of the catastrophic risk insurance taken out to protect against huge disasters natural and man-made. Problem is, says Professor Kenneth A. Froot, reinsurers themselves are in danger of failing from a major catastrophic event. Key concepts include: Reinsurers are not distributing risk adequately enough to be able to cover gargantuan losses. Catastrophic reinsurance is more expensive than it needs to be, meaning fewer firms can afford to buy it. Reinsurers should act more like risk-taking investors and less like risk-averse corporations. Open for comment; 5 Comment(s) posted.
- 21 Aug 2000
- Research & Ideas
Faculty Research Looks to Latin America
HBS faculty have long found Latin America a fertile landscape for in-depth study. In Buenos Aires, nine members of the faculty presented synopses of their latest research—the raw material for present and future case studies, journal articles, books and new management ideas. Closed for comment; 0 Comment(s) posted.
Retail Execs Underplay Current Performance to Investors--but Why?
In quarterly earnings calls with investors and analysts, some retail managers may underplay how their companies are actually performing, according to recent research by Kenneth Froot and colleagues. Open for comment; Comment(s) posted.