Stakeholder Strategy IG

Tapping into Emerging Markets: EMNEs’ Strategies for Innovation Capability Building

Video abstract for the Global Strategy Journal article “Tapping into Emerging Markets: EMNEs’ Strategies for Innovation Capability Building” authored by Henry Lopez-Vega and Nicolette Lakemond. Click here to read the…

SMS PhD Chats: Planning Your Dissertation

Release date: December 6, 2021 Speakers: Anita McGahan (University of Toronto), Phanish Puranam (INSEAD), Samina Karim (Northeastern University), and Aseem Kaul (University of Minnesota) Description: Following extensive discussions of job market issues, the SMS…

SMS PhD Chats: Job Talks and Visits

Release date: August 25, 2021 Speakers: Marie Louise Mors (Copenhagen Business School), Chris Rider (University of Michigan), Samina Karim (Northeastern University), and Aseem Kaul (University of Minnesota) Description: As we head…

Do Investors Actually Value Sustainability?

The debate about how investors perceive corporate social responsibility (CSR) predates Milton Friedman’s famous statement that the only social responsibility of business is to increase profits. Although extensive research has…

Measuring value creation and appropriation in firms: The VCA model

Firms create value not only for shareholders, but also for other stakeholders, including employees, customers and suppliers. This article applies a method to quantify the “new” economic value created by…

Do firms use CSR to insure against stock price risk?

Corporate social responsibility has many purported benefits, one of which is that it can insure against the adverse stock price effects of negative events. But do managers purposefully use CSR…

Mind the Gap: The Interplay between External and Internal Actions

Companies often accumulate intangible assets by taking internally and externally oriented CSR actions. Contrary to popular beliefs, the data show that they undertake more internal than external ones: firms do…

Jay Barney: Why Resource-based Theory Must Incorporate a Stakeholder Perspective

Some argue that since shareholders are the only stakeholder who have a claim on a firm’s profits, managers should focus only on maximizing shareholder wealth. Not only will this satisfy…

Flammer & Bansal, Does a Long-Term Orientation Create Value?

This paper shows that corporate short-termism is hampering business success. We show clear, causal evidence that imposing long-term incentives on executives—in the form of long-term executive compensation—improves business performance. Long-term…

Biranu, Gambardella, & Valentini on Bribery and Investment

We ask whether, along with ethical issues, bribing affects the behavior and performance of firms in A frica and L atin A merica. Our statistical analysis shows that bribe payments…