How scandal helps punish powerful corporate criminals
Could scandals actually be good for society? Often brushed aside as simply media hype or gossip, scandals can be potent opportunities for regulatory authorities to challenge individuals or corporations that are otherwise untouchable because of their high status, says new research.
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.
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.
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.
Bridging the divide: what makes for successful public-private partnerships
Successful public-private partnerships create social and economic value. As part of a Journal of Management Studies Special Issue “Public-Private Collaboration, Hybrid Organizational Design and Social Value,” Bertrand Quélin, Ilze Kivleniece and Sergio Lazzarini investigate the mechanisms that allow for successful inter-organizational collaboration.
The global enforcement of U.S. law and its implication for European corporate governance
The jurisdiction of US economic sanctions is far greater than many businesses realise. French banking corporation BNP Paribas recently agreed to pay the US government the astronomic amount of 8.9 billion dollars, for doing business in sanctioned countries such as Sudan, Iran and Cuba. In their study, David Restrepo Amariles and Matteo Winkler investigate what this means for the future of European corporate structure.
How to improve performance when managing offshore contracts
IT firms increasingly rely on outsourcing the development of information systems overseas, yet an astounding 50 percent of such projects fail to meet client requirements. A study focusing on contract specification and different modes of contract implementation has found ways to improve cost and quality performance.
Trust and financial markets: Lessons from the Madoff fraud
Bernard Madoff used funds provided by new investors to pay some of his clients over many years.* This mechanism, known as a Ponzi scheme, made thousands of victims. But how could such a fraudulent system thrive on so large a scale for such a long time? Hervé Stolowy and his co-authors analyzed the mechanisms at work and looked at the role trust played in the fraud’s origins and subsequent development.
When piracy drives capitalism's evolution. Interview with HEC Professor Rodolphe Durand
In this video, Rodolphe Durand, Professor of Strategy at HEC Paris, Academic director of the MSc in Strategic Management, explains why he considers that pirates have always formed complex and sophisticated organizations that both challenge and change the course of capitalism.