The rise of rankings in global governance: how can they change the regulation of large corporations?
Ratings and rankings have become powerful tools in global governance, frequently used to motivate companies to be good corporate citizens. A wide range of environmental and social matters such as access to medicine, climate change, obesity and working conditions increasingly transcend national borders and escape the reach of national regulators. For such issues, who should set the rules about the responsibilities of corporations? How can corporations that are by definition designed to generate profit, be guided towards making decisions that benefit society as a whole? Afshin Mehrpouya and Rita Samiolo explore the process behind the production of these rankings.
Sustainability indices: do investors actually care?
In the face of social, environmental, and financial disruptions, more attention is being paid to corporate social responsibility (CSR) policies, and sustainability benchmarks have multiplied. But does a firm's listing in a CSR index really matter to investors? HEC researchers investigated how important inclusion in the leading global CSR benchmark, the Dow Jones Sustainability Index (DJSI) World, is to investors.
Using mini cases to facilitate the learning in Management Accounting
In this mini article, Véronique Malleret, HEC Emeritus Professor of Accounting and Management Control, talks about business case study “5 short cases in Management Accounting - Full Cost Methods”, top case in Accounting & Control (CCMP 2017), for which she received the prize for the best mini cases in 2017. Professor Malleret was also the winner of the HEC Foundation best article Prize in 1995 and of the David Solomon Prize for her article in Management Accounting Research in 2004. Interview below.
Why "doing well by doing good" is not as simple as they say
“Socially responsible behavior leads to increased financial performance over time”, or at least this is the mantra that has come to dominate business doctrine. Studies into whether this claim is true in practice have had mixed results, and, in their new research, Professors Afshin Mehrpouya and Imran Chowdhury explore why.
How storytelling can increase support for whistleblowers
Whistleblowers are often condemned by society, but they can be key to uncovering scandal. Hervé Stolowy, Luc Paugam and co-researchers Yves Gendron and Jodie Moll uncover how whistleblowers can tell their stories to better promote the positive aspects of their role for society and increase their legitimacy.
How to fix the regulation of 'too big to fail' banks
Some banks are too big to fail, meaning they'll likely be bailed out by the government if facing bankruptcy. To avoid such banks behaving recklessly at the expense of the taxpayer, banking regulators have imposed safety nets, based on risk calculation. A trio of researchers uncovers flaws in the risk-scoring system and proposes simple improvements – but will they be heard?
Thinking through cannabis markets
The relationship between cannabis and society is a long and deeply contested one. Throughout history, cannabis has been associated with everything from health, leisure, and pop culture to criminal and immoral behavior. But beyond the simple debate about whether cannabis is good or bad, the study of cannabis markets needs interdisciplinarity, to know what is required to construct an effective and fair contested market.