Faculty and Research

Books

Baker, George P., and George David Smith. The New Financial Capitalists: Kohlberg Kravis Roberts and the Creation of Corporate Value. Cambridge University Press, 1998.

Published Papers

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Strategic Alliances: Bridges Between 'Islands of Conscious Power'." Journal of the Japanese and International Economies 22, no. 2 (June 2008): 146-163.

Baker, George P., and Rachel Parkin. "The Changing Structure of the Legal Services Industry and the Careers of Lawyers." North Carolina Law Review 84 (May 2006).

Baker, George P., and Thomas Hubbard. "Contractibility and Asset Ownership: On-Board Computers and Governance in US Trucking." Quarterly Journal of Economics 119, no. 4 (November 2004).

Baker, George P., and Brian J. Hall. "CEO Incentives and Firm Size." Journal of Labor Economics (October 2004).

Baker, George P., and Thomas Hubbard. "Make v. Buy in Trucking: Asset Ownership, Job Design and Information." American Economic Review 93, no. 3 (June 2003).

Baker, George P. "Distortion and Risk in Optimal Incentive Contracts." Journal of Human Resources 37, no. 4 (fall 2002).

Baker, George P., and Robert E. Kennedy. "Survivorship and the Economic Grim Reaper." Journal of Law, Economics and Organization 18, no. 2 (fall 2002).

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Relational Contracts and the Theory of the Firm." Quarterly Journal of Economics CXV, no. 1 (February 2002).

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Bringing the Market Inside the Firm?" American Economic Review 91, no. 2 (May 2001).

Baker, George P., and Thomas Hubbard. "Empirical Strategies in Contract Economics: Information and the Boundary of the Firm." American Economic Review 91, no. 2 (May 2001).

Baker, George P. "The Use of Performance Measures in Incentive Contracting." American Economic Review 90, no. 2 (May 2000).

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Informal Authority in Organizations." Journal of Law, Economics and Organization 15, no. 1 (March 1999).

Baker, George P., and Ruth Wageman. "Incentives and Cooperation: The Joint Effects of Task and Reward Interdependence on Group Performance.", edited by Cary L. Cooper. Journal of Organizational Behavior 18, no. 2 (March 1997).

Baker, George P., and Bengt Holmstrom. "Internal Labor Markets: Too Many Theories, Too Few Facts." American Economic Review 85, no. 2 (January 1995).

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Subjective Performance Measures in Optimal Incentive Contracts." Quarterly Journal of Economics 109 (November 1994).

Baker, George P., Michael Gibbs, and Bengt Holmstrom. "The Internal Economics of the Firm: Evidence from Personnel Data." Quarterly Journal of Economics 109 (November 1994).

Baker, George P., Michael Gibbs, and Bengt Holmstrom. "The Wage Policy of a Firm." Quarterly Journal of Economics 109 (November 1994).

Baker, George P., Michael Gibbs, and Bengt Holmstrom. "Hierarchies and Compensation: A Case Study." European Economic Review 37, nos. 2-3 (April 1993).

Baker, George P. "Growth, Corporate Policies and the Investment Opportunity Set." Journal of Accounting & Economics 16, nos. 1-3 (January-July 1993).

Baker, George P. "Beatrice: A Study in the Creation and Destruction of Value." Journal of Finance (July 1992).

Baker, George P. "Incentive Contracts and Performance Measurement." Journal of Political Economy (June 1992).

Baker, George P., and Karen Wruck. "Lessons from a Middle-Market LBO: The Case of O.M. Scott." Journal of Applied Corporate Finance 4, no. 1 (spring 1991).

Baker, George P. "Pay for Performance: Causes and Consequences." Journal of Applied Corporate Finance 3, no. 3 (fall 1990).

Baker, George P., and Karen Wruck. "Organizational Changes and Value Creation in Leveraged Buyouts: The Case of O.M. Scott & Sons Company." Journal of Financial Economics 25 (December 1989).

Baker, George P., Michael C. Jensen, and Kevin J. Murphy. "Compensation and Incentives: Practice vs. Theory." Journal of Finance 63, no. 3 (July 1988): 593-616. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, Harvard University Press, 1998.)

Baker, George P. "Discussion of 'An Analysis of the Use of Accounting and Market Measures of Performance in Executive Compensation Contracts'." Journal of Accounting Research (September 1987).

Book Chapters

Baker, George P., and George Smith. "Leveraged Management Buyouts at KKR: Historical Perspectives on Patient Equity, Debt, Discipline, and LBO Governance." In Private Equity and Venture Capital, edited by Rick Lake and Ronald Lake. London: Euromoney Books, 2000.

Baker, George P., Michael C. Jensen, Carliss Y. Baldwin, and Karen H. Wruck. "Organizations and Markets at Harvard Business School, 1984-1996." In The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, edited by T. K. McCraw and J. L. Cruikshank. Boston: Harvard Business School Press, 1999.

Baker, George P., and Karen H. Wruck. "Lessons from a Middle-Market LBO: The Case of O.M. Scott." In Studies in International Corporate Finance and Governance Systems: A Comparison of the U.S., Japan, and Europe, edited by Donald Chew. Oxford University Press, 1997.

Baker, George P., and Karen H. Wruck. "Lessons from a Middle-Market LBO: The Case of O.M. Scott." In The New Corporate Finance: Where Theory Meets Practice, edited by D. Chew. New York: McGraw-Hill, 1993.

Baker, George P., and Karen H. Wruck. "Lessons from a Middle-Market LBO: The Case of O.M. Scott." In The Challenge of Organizational Change: How Companies Experience It and Leaders Guide It, edited by Todd Jick, Rosabeth Kanter and Barry Stein. New York: Free Press, 1992.

Baker, George P., and Karen H. Wruck. "Organizational Changes and Value Creation in Leveraged Buyouts: The Case of O.M. Scott & Sons Company." In Performance Measurement, Evaluation and Incentives, edited by William J. Bruns. Boston, Mass.: Harvard Business School Press, 1992.

Other Papers

Baker, George P., and Cynthia A. Montgomery. "Conglomerates and LBO Associations: A Comparison of Organizational Forms." Harvard Business School Working Paper, No. 10-024, September 2009. Abstract

Baker, George P., and Bjorn Jorgensen. "Volatility, Noise, and Incentives." 2003.

Baker, George P., Robert Gibbons, and Kevin J. Murphy. "Relational Contracts in Strategic Alliances." 2002.

Baker, George P., and Thomas N. Hubbard. "Make versus Buy in Trucking: Asset Ownership, Job Design and Information." 2002.

Baker, George P., and Thomas Hubbard. "Make versus Buy in Trucking: Asset Ownership, Job Design and Information." Working Paper, 2000.

Baker, George P., and Thomas Hubbard. "Contractibility and Asset Ownership: On-Board Computers and Governance in US Trucking." NBER Working Paper Series, No. 7634, National Bureau of Economic Research, 2000.

Baker, George P., and Robert E. Kennedy. "Survivorship and the Economic Grim Reaper." Harvard Business School Working Paper, No. 99-088, 1999.

Hall, Brian, and George P. Baker. "CEO Incentives and Firm Size." NBER Working Paper Series, No. 6868, 1998.

Baker, George P., and Brian J. Hall. "CEO Incentives and Firm Size." Harvard Business School Working Paper, No. 99-060, 1998.

Baker, George P., and Cynthia Montgomery. "Conglomerates and LBO Associations: A Comparison of Organizational Forms." Working Paper, 1994.

Presentations

Baker, George P., Nancy D. Beaulieu, and Cristian Voicu. "Wage Policies and Incentives to Invest in Firm-Specific Human Capital." Paper presented at the NOM Seminar, Harvard Business School, November 2005.

HBS Course Materials

Amabile, Teresa M., George P. Baker III, and Michael Beer. "Cambridge Technology Partners (A)." Harvard Business School Case 496-005.

Baker, George P., III, Teresa M. Amabile, and Michael Beer. "Cambridge Technology Partners (B)." Harvard Business School Supplement 496-006.

Baker, George P., III. "Charles River Co." Harvard Business School Case 189-179.

Baker, George P., III. "Charles River Co., Teaching Note." Harvard Business School Teaching Note 189-182.

Jensen, Michael C., George P. Baker III, and Karen Wruck. "Discussion Problem: Agency Problems and Corporate Jets." Harvard Business School Exercise 192-012.

Jensen, Michael C., George P. Baker III, and Karen Wruck. "Duffy-Mott." Harvard Business School Exercise 192-019.

Baker, George P., III. "Employment and Social Welfare." Harvard Business School Exercise 195-128.

Baker, George P., III. "Four Star Management TN." Harvard Business School Teaching Note 190-152.

Baker, George P., III, Nicola Bamford, and Nicolas Greenspan. "K-III: A Leveraged Build-Up." Harvard Business School Case 295-067.

Baker, George P., III. "McMullen and Worby (A) (Abridged)." Harvard Business School Case 190-025.

Jensen, Michael C., George P. Baker III, and Karen Wruck. "Mr. Hustle (A1)." Harvard Business School Exercise 192-016.

Baker, George P., III. "Mr. Hustle (B)." Harvard Business School Exercise 193-042.

Baker, George P., III, and Karen Wruck. "O.M. Scott & Sons Co. Leveraged Buyout." Harvard Business School Case 190-148.

Baker, George P., III, and Karen Wruck. "O.M. Scott & Sons Co. Leveraged Buyout, Teaching Note." Harvard Business School Teaching Note 191-216.

Baker, George P., III. "RKO Warner Video, Inc.: Incentive Compensation Plan." Harvard Business School Case 190-067.

Baker, George P., III. "RKO Warner Video, Inc.: Incentive Compensation Plan TN." Harvard Business School Teaching Note 190-190.

Baker, George P., III, and Karin B Monsler. "San Francisco Bay Consulting." Harvard Business School Case 195-096.

Baker, George P., III, and Karin B Monsler. "San Francisco Bay Consulting TN." Harvard Business School Teaching Note 195-263.

Baker, George P., Carliss Y. Baldwin, Michael C. Jensen, Karen Wruck, and Perry Fagan. "Value Creation." Harvard Business School Case 396-089.

Baker, George P., III, Michael C. Jensen, Karen Wruck, and Perry Fagan. "Value Creation: Abridged." Harvard Business School Case 898-185.

Baker, George P., III, and Karin B Monsler. "Visionary Design Systems: Are Incentives Enough?" Harvard Business School Case 495-011.

Baker, George P., III, and Karin B Monsler. "Visionary Design Systems: Are Incentives Enough? TN." Harvard Business School Teaching Note 495-050.

Baker, George P., III. "Wilkinson Transport (A) and (B), Teaching Note." Harvard Business School Teaching Note 190-153.