Covid-19: How Helpful Are the EU and French Policies to Reduce the Impact of the Recession?
The propagation of the coronavirus Covid-19 and the consequent preventive measures and restrictions taken worldwide have had an impact on the global economy. In this interview, Tomasz Michalski, Associate Professor of Economics at HEC Paris, explains the effects of this recession and shares his insights on the policies just launched by France.
The Challenge of Different National Leaderships for Tackling Covid-19
As the COVID-19 pandemic unfolds, we observe starkly divergent approaches being experimented across the European Union. In this interview, Alberto Alemanno, Jean Monnet Professor of European Union Law at HEC Paris, explains this lack of coordination between the governments and its consequences, and shares his insights on what could be improved in this diverse decision-making setting.
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 (members of the HEC’s Society & Organizations Center) 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.
The Taboos and Ambiguities of the Prevailing Narrative on Corporate Social Responsibility
In an article published this month in the journal Business & Society1, Aurélien Feix, research fellow at HEC, and Déborah Philippe, HEC alumna and professor at the University of Lausanne, analyze narratives that promote voluntary Corporate Social Responsibility (CSR) practices as a privileged means to combat social inequality and environmental degradation. In view of the similarities that exist between these narratives, the authors argue that they must be conceived of as variants of one and the same “metanarrative of CSR”. They show that this metanarrative stays ambivalent about crucially important questions, including that of the results that can realistically be expected from activities performed voluntarily by business firms that are bound by profitability constraints, and subjected to the capitalist growth imperative. Therefore, they call for challenging the comforting, but largely inconsequential, rhetoric of the metanarrative of CSR.
The Key to Involving the Private Sector More in Public-Private Partnerships
In a context of tightening of public purse strings, governments increasingly rely on public-private partnerships (PPP) to design, build, finance, maintain and operate infrastructures and services, were once purely state managed. This includes traditional infrastructures, such as bridges and roads, and services, such as schools and hospitals. Researchers have found that the key factor in attracting strong private partners to build efficient PPPs is the quality of national institutions.
Understanding and Improving e-Government Website Usage
Administrations invest significant time and money into the development of e-government websites. Ultimately, the reward is cost savings and greater efficiency for governments, but this depends on the public’s initial adoption and continued use of the sites. A new research paper investigates the factors that influence people’s usage of e-government sites and offers tips to improve service quality.
How Scandal Helps Punish Powerful Corporate Criminals
Could scandals actually be good for society? Often brushed aside as simply media hype or gossip, new research shows that scandals can be potent opportunities for regulatory authorities to challenge individuals or corporations that are otherwise untouchable because of their high status.
Why former soldiers could make more trustworthy CEOs
Damaging cases of financial fraud often directly involve company CEOs. Are CEOs with a past in the military less likely to commit fraud? Or are they just better at not getting caught red-handed? New research by Georg Wernicke (HEC Paris) and Irmela Fritzi Koch-Bayram (University of Mannheim) sheds light on that question.
How to do good in business?
HEC Paris teaches and conducts research on how to combine corporate and financial performance with Corporate Social Responsibility and fair regulations in corporate andinstitutional sectors as well as society as a whole. In this special newsletter, find a presentation of the latest research, teaching initiatives, and events on these decisive topics.
CEO Pay and Philanthropy: When good intentions attract bad attention
In giving large compensation to CEOs, some companies receive criticism in the media, while others escape attention. Recent research shows that the companies under the most scrutiny are often those who engage in activities that media and other stakeholders perceive as contradictory, such as CEO overcompensation and corporate philanthropy.