HEC in the press

According to Alberto Alemanno, HEC Paris professor of European law, “we should not forget that the EU is providing vaccines to the South of the world, while preventing this shipment to Australia,” he says in an interview with CNBC. 

With the population of the world set to touch over 9 billion by the next decade, industries struggle to cater to shoppers’ needs and cope up with environmental stress at the same time. According to a research by HEC Paris, millennials are showing more concern about what impact their decisions make on environment, at the same time, they do not prefer to buy sustainable or ‘green’ fashion, known as the sustainability paradox, writes Apparel Resources. 

For Andrea Masini, Associate Dean of MBA Programmes at HEC Paris, entrepreneurship and venture capital are clearly among the current trends in academic management education. The best example would be Biontech: "This hitherto little-known biotech start-up led by a couple is currently giving the world a vivid lesson in the importance of entrepreneurship with its life-saving vaccine," writes Handelsblatt. 

A particularly intriguing background is the military. The military appeals to candidates who value discipline, serving others before self, and obedience to rules. Analysing 1265 CEOs, Irmela F. Koch‐Bayram from the University of Mannheim and Georg Wernicke from HEC Paris are able to show that those who served in the military are less likely to be involved in financial misconduct, writes Forbes. 

Sina Finance met up with HEC Paris finance professor Johan Hombert for its "Talking about Europe" section. In the interview, Johan Hombert explains how financial markets might look like in 2021, if Bitcoin's price will continue to rise and when the European economy might recover from the Covid-19 crisis. 

As GameStop’s share price falls back down, Business Because has asked business school professors whether Wall Street Bets’ bid to take on the establishment could be the start of a new impact investing social movement. 

Johan Hombert, professor of finance at HEC Paris, believes that day trading may have had its day. Ultimately, short term trading is a zero-sum game. “When one of the traders is an individual investor and the other trader is a hedge fund, guess what happens. Hedge funds have more resources and better information, so they are better able to predict short-term movements in stock prices,” he says. “As a result, more often than not, retail day traders' losses are hedge funds' gains."

Impact. It’s a word that comes up often when you speak with the newly named Dean of HEC Paris, a world-class business school and one of Europe’s finest institutions of higher education. Eloïc Peyrache, who assumed the top leadership role on Jan. 18th after serving as the interim dean, knows the school well, writes Poets & Quants. 

New research by Georg Wernicke, HEC Paris Assistant Professor of Strategy & Business Policy and member of the school’s Society & Organizations Institute, suggests that CEOs do hold considerable sway – for better or for worse, writes Brazilian daily Valor Economico. 

Large-scale study links CEO influence to a 30% difference in firms’ performances in the areas of social responsibility – a finding that informs the debate over the power and leeway of senior executives in general and for corporate social responsibility in specific.

The so-called “CEO effect” is hard to measure in reality, because of the confluence of other factors – cash flow, external pressures, market conditions and so on – that can also shape and determine results.

But new research just published in the The Academy of Management by Georg Wernicke, HEC Paris Assistant Professor of Strategy & Business Policy and member of the school’s Society & Organizations Institute, suggests that CEOs do in fact hold considerable sway – for better or for worse, writes Wealth and Society. 

“Contrary to conventional wisdom, the Future of Europe Conference’s success should not be measured against its ability to prompt Treaty change. Rather, its success will depend on its ability to mainstream new substantive policy ideas and institutionalize democratic innovations, such as citizen’s assemblies, and to do so at the transnational level,” Alberto Alemanno, a professor of EU law at H.E.C. Business School, told CNBC.