TECH DIGITAL RESOURCE LIBRARY

President and Fellows of Harvard College


Latest Content From President and Fellows of Harvard College

Whitepaper: Auditing In The Self-Reporting Economy

by President and Fellows of Harvard CollegeJan 01, 2008

This research paper examines the licensing of intellectual property in exchange for royalties that depend on the self-report of the licensee. The self-reporting aspect of the problem gives rise to demand for auditing by the licensor. It characterized the optimal royalty contract, accounting system choice by the licensee, and audit strategy choice by the licensor. The paper shows when owner prefers to license the property in exchange for a royalty and when it prefers to use the property directly. It also show that the internal control provisions of section 404 of Sarbanes-Oxley make royalty arrangements based on self-reporting more attractive.


Whitepaper: A New Framework For Analyzing And Managing Macrofinancial Risks Of An Economy

by President and Fellows of Harvard CollegeJan 01, 2008

The high cost of international economic and financial crises highlights the need for a comprehensive framework to assess the robustness of national economic and financial systems. This paper published by President and Fellows of Harvard College proposes a new comprehensive approach to measure, analyze, and manage macroeconomic risk based on the theory and practice of modern Contingent Claims Analysis (CCA). It illustrate how to use the CCA approach to model and measure sectoral and national risk exposures, and analyze policies to offset their potentially harmful effects. This new framework provides economic balance sheets for inter-linked sectors and a risk accounting framework for an economy.


Whitepaper: Managing Know-How

by President and Fellows of Harvard CollegeJan 01, 2008

This research paper discusses the use of an economic model to study the optimal management of know-how, defined here as employee-generated information about the performance of specific solutions to problems that may or will recur in the future. Know-how is a key resource for business, and know-how management a potential lever for competitive advantage. This paper also shows that it may be optimal to disseminate know-how on a plant-level but not on a firm-level, and that storing back-up solutions is most valuable at medium levels of environmental change.


Whitepaper: When Learning And Performance Are At Odds: Confronting The Tension

by President and Fellows of Harvard CollegeJan 01, 2008

This research paper from Harvard University explores complexities of the relationship between learning and performance. It starts with the general proposition that learning promotes performance, and then describe several challenges for researchers and managers who wish to study or promote learning in support of performance improvement. It also reviews psychological and interpersonal risks of learning behavior, suggest conditions under which exploratory learning and experimentation is most critical, and describe conditions and leader behaviors conducive to supporting this kind of learning in organizations.


Whitepaper: The Political Economy Of Capitalism

by President and Fellows of Harvard CollegeJan 01, 2008

Capitalism is often defined as an economic system where private actors are allowed to own and control the use of property in accord with their own interests, and where the invisible hand of the pricing mechanism coordinates supply and demand in markets in a way that is automatically in the best interests of society. This paper from President and Fellows of Harvard College defines capitalism as a system of indirect governance for economic relationships, where all markets exist within institutional frameworks that are provided by political authorities, i.e. governments.


Whitepaper: Don'ts and Dos: Insights From Experience In Mitigating Risks Of Western Investors In Post-Communist Countries

by President and Fellows of Harvard CollegeJan 01, 2008

This paper published by President and Fellows of Harvard College aims to contribute to the critique that shifts the conversation from the risks themselves onto the mitigation of risks, by developing a perspective on risks and on their mitigation, which has so far received little attention. These days there is considerable variation in the managerial skills, attitudes and even mindsets that local staff brings to bear on their work generally and on their interaction with western colleagues and superiors.


Whitepaper: Global Currency Hedging

by President and Fellows of Harvard CollegeJan 01, 2008

This paper considers the risk management problem of an investor who holds a diversified portfolio of global equities or bonds and chooses long or short positions in currencies to manage the risk of the total portfolio. The author finds that a risk-minimizing global equity investor should short the Australian dollar, Canadian dollar, Japanese yen, and British pound but should hold long positions in the US dollar, the euro, and the Swiss franc. The resulting currency position tends to rise in value when equity markets fall. This strategy works well for investment horizons of one month to one year.


Whitepaper: Exploring the Structure of Complex Software Designs: An Empirical Study of Open Source and Proprietary Code

by President and Fellows of Harvard CollegeJan 01, 2008

This white paper reports data from a study that seeks to characterize the differences in design structure between complex software products. In particular, the authors use Design Structure Matrices (DSMs) to map the dependencies between the elements of a design and define metrics that allow to compare the structures of different designs. It also provides evidence that a tightly-coupled design can be adapted to meet this objective.


Whitepaper: Wired Geometric Routing

by President and Fellows of Harvard CollegeJan 01, 2008

Routing substrates for overlay networks are an important building block for large distributed applications. This research paper examines the problem of building a locality-aware routing substrate on top of a locality-based coordinate system, where the distance between coordinates approximates network latencies. This paper presents a practical locality-aware routing substrate that takes advantages of recent advances in algorithms for routing in a Euclidean plane. It addressed important challenges, such as routing table construction under imperfect knowledge, maintenance protocols for new nodes, and the support for nearest neighbor queries.


Whitepaper: Drive Growth With Customer Profitability Management

by President and Fellows of Harvard CollegeJan 01, 2008

This research paper reviews the problems associated with traditional estimation of ABC models. It describes a new approach that is both simpler for estimating and maintaining an ABC model and also more accurate. The new, time-driven approach allows for more heterogeneity in activities, orders and customer behavior without placing burdensome demands for calculating activity, product and customer costs. The standard procedure for estimating a simple ABC model starts with identifying a collection of resources that perform a variety of activities.