Skip to main content
About HEC About HEC Faculty & Research Faculty & Research Master’s programs Master’s programs MBA Programs MBA Programs PhD Program PhD Program Executive Education Executive Education Summer School Summer School HEC Online HEC Online About HEC Overview Overview Who
We Are Who
We Are
Egalité des chances Egalité des chances HEC Talents HEC Talents International International Campus
Life Campus
Sustainability Sustainability Diversity
& Inclusion Diversity
& Inclusion
Stories Stories The HEC
Foundation The HEC
Coronavirus Coronavirus
Faculty & Research Overview Overview Faculty Directory Faculty Directory Departments Departments Centers Centers Chairs Chairs Knowledge@HEC Knowledge@HEC Master’s programs Master in
Management Master in
Programs Master's
Double Degree
Programs Double Degree
Programs Summer
students Exchange
Life Student
Difference Our
MBA Programs MBA MBA Executive MBA Executive MBA TRIUM EMBA TRIUM EMBA PhD Program Overview Overview HEC Difference HEC Difference Program details Program details Research areas Research areas HEC Community HEC Community Placement Placement Job Market Job Market Admissions Admissions Financing Financing Executive Education Executive Masters Executive Masters Executive Certificates Executive Certificates Executive short programs Executive short programs Online Online Companies Companies Executive MBA Executive MBA Infinity Pass Infinity Pass Summer School Youth Programs Youth Programs Summer programs Summer programs HEC Online Overview Overview Degree Program Degree Program Executive certificates Executive certificates MOOCs MOOCs Summer Programs Summer Programs Youth programs Youth programs


S&O Research

To promote the creation of a European way of thinking about enterprise and society



An Institute of Excellence for research


Founded in 2008 under the aegis of Rodolphe Durand, the S&O Institute brings together 60 professors, researchers and PhD students from HEC Paris. Our research approach combines a broad range of methods tailored to the studied phenomena. It also incorporates theoretical lenses from various disciplines including economics, sociology, psychology, philosophy, and history, which is then integrated with a management focus. The research is conducted in partnership with other leading academic institutions in Europe and North America.


Research that directly addresses the challenges of our time

The S&O Institute offers new ways of understanding the world, helping organizations reconcile economic priorities with a new series of imperatives. The research conducted by the Institute’s academics tackles concrete issues, yielding results that businesses can immediately put to use in these following areas: climatic constraints, responsible finance, impact investment, social inequality, ethical imperatives, implementation of CRS policies, renewable energy, circular economy, partnership between public and private sector, action of NGOs, incentives at work, diversity in the workplace, liberalization, regulation, and more. 


Research of global significance

The S&O Institute has become a vibrant center of reflection recognized throughout Europe. Over the past five years, the Institute’s members have already produced more than 60 research papers, of which more than half have been published in leading academic journals. Through its publications, academic exchanges and partnerships, organization of international events (the Medici Summer School, the European Theory Development Workshop), and its doctoral scholarship scheme, the S&O Institute is proudly contributing to the development of an international research community concerned with key contemporary challenges.


dessin Rodolphe plus petit

We engage in the study of what forms the basis of responsible capitalism.

Rodolphe Durand

page think sno 2

What you need to know about Sustainability and CSR

These 19 factsheets summarize, on a single page and in a simple and easily understandable language, academic and practical knowledge on various CSR-related topics: the Sustainable Development Goals, the triple bottom line, inclusive business, social business..

Have a look at our collection of 19 factsheets

Seminars & Workshops

Latest Research


Activist Hedge Funds: Good for Some, Bad for Others?

Do activist hedge funds help or harm the companies they target? Mark DesJardine of Pennsylvania State University’s Smeal College of Business and Rodolphe Durand of HEC Paris (fondateur of the HEC’s Society & Organizations Institute) investigated the long-term effects of hedge fund activism on companies that get targeted by these activists. In their extensive research, they found the value of targeted companies spikes the first year after targeting but drops in later years relative to similar non-targeted companies. In addition, the authors found that being targeted by activist hedge funds put a halt to the broader investment portfolios and socially responsible efforts of companies.

Read the article

Also featured in the Financial Times and the Institutional Investor

Full Press Review on the Hedge Fund and Impact on CSR Research



Labor Market Polarization and the New Geography of Jobs

The labor market is strongly polarized. What consequences on the society? Based on their latest research, professors of Economics Tomasz Michaslki and Eric Mengus explain this "Great Divergence", and give insights on how to find new ways to create added value, both in bigger and smaller cities.

Read the article

Also featured in VOXeu


Optimizing Feed-In Tariffs to Boost Renewable Energy Production

Feed-in tariffs (FITs) are crucial tools to increase the adoption of renewable energy technologies. But setting them at the right level (price) is a balancing act. If they are poorly designed, they can backfire, stunting the industry and wasting public money. A duo of HEC researchers, along with a colleague from the University of Texas at Austin, have shown that, to set optimal FIT levels, regulators must take into account the behaviours all players affected, including technology manufacturers.

Read the article


Walking the talk: why companies should be politically transparent

More and more companies flaunt their policies regarding social or environmental sustainability. However, these same companies may promote policies that contradict their stated CSR objectives through their political actions. Enough is enough, says a group of top researchers arguing for political transparency in a paper that won the California Management Review’s Best Article Award 2019.

Read the article




page think sno 1

Inclusive Business: What it is and Why it matters

We explain what an inclusive economy means to us and detail barriers to inclusion and levers that businesses can use to remove these obstacles.

Download and Read the Report



page think sno 3

Social Impact Assessment Strategy Report

Make the best of social impact measurement

Download the report
S&O ARCS Accelerating Researcher-Practitioner Collaborations in Sustainability Research

Accelerating Researcher-Practitioner Collaborations in Sustainability Research

Tackling societal challenges, including climate change and social inequality, requires the proactive engagement and leadership of business and academic communities.

Read and download the report

Medici Summer School


The Medici Summer School in Management Studies is a unique opportunity for doctoral students and young researchers to interact with thought leaders in the management field. The Summer School combines lectures and research seminars that contribute to the development of enlightened practice in the management of business.

Read more

Research Partnerships


The S&O Institute has cultivated various partnerships ranging from business schools to academic institutions in order to facilitate research on topics including, but not limited to, climactic constraints, social inequality, technological disruption, and corporate social responsibility.

Read more


fires in California - thumbnail - Adobe Stock

Are Carbon Markets the Solution Against Climate Change?

By Arnaud Van Waeyenberge

social entrepreneurship - adobe stock
Social Innovation

How to Drive Innovators for the Common Good

By Marieke Huysentruyt

luc paugam and herve stolowy - vignette

Sustainability Indices: Do Investors Actually Care?

By Rodolphe Durand, Luc Paugam, Hervé Stolowy

usine Tom Bayer-AdobeStock vignette

The Role of Marketing in Climate Change: Carbon Footprinting and Pricing

By Daniel Halbheer