Do Investors Actually Value Sustainability? New Evidence from Investor Reactions to the Dow Jones Sustainability Index (DJSI)

August 25, 2017 • Peer Reviewed Scholarly Article
Author(s): Olga Hawn

Research exploring investor reactions to sustainability has substantial empirical limitations, which we address with a large-scale longitudinal financial event study of the first global sustainability index, DJSI World. We examine investor reactions to firms from 27 countries over 17 years that are added, deleted, or continue on the index. More

Redefining the Strategy Field in the Age of Sustainability

July 24, 2016 • Peer Reviewed Scholarly Article
Author(s): Olga Hawn

We examine how the strategy field is defined in the literature and find that most conceptualizations focus on financial metrics as measures of performance and only provide guidance on the strategic management of a corporation’s economic context. More

Mind the Gap: The Interplay Between External and Internal Actions in the Case of Corporate Social Responsibility

September 09, 2015 • Peer Reviewed Scholarly Article
Author(s): Olga Hawn

We explore the effect of the interplay between a firm’s external and internal actions on performance in the context of corporate social responsibility (CSR). Drawing from the neo-institutional theory, we argue that external and internal CSR actions jointly contribute to the accumulation of intangible firm resources and therefore are associated with better performance. More

Corporate Social Initiatives and Employee Retention

April 20, 2015 • Peer Reviewed Scholarly Article
Author(s): Michelle Rogan

Firms are increasingly launching initiatives with explicit social mandates. Often the business case for these initiatives is justified through one critical aspect of human capital management: employee retention. More

(When) Do Organizations Have Social Capital?

August 03, 2014 • Peer Reviewed Scholarly Article
Author(s): Michelle Rogan

Interorganizational relationships connect people affiliated with organizations rather than corporate actors themselves. The managers and owners of organizations therefore do not always control these connections and consequently often cannot profit from them. We discuss the circumstances under which individuals own these relationships. More

Partnering for Mutual Success: DaimlerChrysler – POEMAtec Alliance

July 24, 2014 • Cases

In 1991, POEMA approached DaimlerChrysler (at the time Daimler-Benz AG) and its Brazilian subsidiary, Mercedes- Benz do Brasil in São Paulo with a proposal to conduct research on substituting synthetic inputs with natural fibers for interior car parts. More

ABN AMRO’s Real Microcredito: A Multinational Bank’s Entry into the Microcredit Market

September 16, 2013 • Cases

ABN AMRO focuses on three principal customer segments: Consumer & Commercial Clients, Wholesale Clients and Private Clients & Asset Management. Its stated objective is to maximize the value of each of these businesses as well as the synergies between them. More

Procter & Gamble’s PUR Purifier of Water: How Global Corporate Philanthropy Builds Shareholder Value

December 01, 2009 • Cases

Established in 1837, the Procter & Gamble Company began as a small, family-operated soap and candle company in Cincinnati, Ohio. In 2010, P&G marketed over 300 brands including Tide, Always, Crest, Braun, Charmin, Duracell, Folgers, Gillette, Pampers, Pringles, Tide, and Wella. With over 135,000 employees working in over 80 countries worldwide, P&G was the world's largest consumer products company with over $80 billion in sales. More

Developing a Corporate Carbon Strategy for Bacardi Limited

August 22, 2008 • Cases

As responding to climate change becomes more important for businesses around the world, many companies must develop a strategy to quantify their carbon emissions and footprint, set reduction targets, and assess the associated risk and opportunities. Bacardi’s current greenhouse gas (GHG) inventory was evaluated as a first step in developing the company’s climate change strategy. More

UNICEF’s Plumpy’Nut Supply Chain

January 01, 2008 • Cases

In emergency situations, humanitarian organizations like the United Nations Children’s Fund (UNICEF) help in disbursing necessary food and medical supplies to children in need. Created in 1946 right after World War II, UNICEF is mandated by the United Nations General Assembly to advocate for the protection of children's rights, to help meet their basic needs and to expand their opportunities to reach their full potential. More