Publications

Web

HBS Alumni Conference: Accelerating Climate Solutions - Alumni

cross-sector coalitions (but are too often missing). PART 2: SCALING ACCOUNTABILITY AND IMPACT 2:45 p.m. Plenary Sessions Driving Climate Performance through Accountability and Governance Faculty Moderator:... View Details

24 Apr 2014
News

Leading a battle against corruption, a force that slows economic development

can share their experiences on IPaidaBribe.com. In its first six months, the website received 250,000 hits and logged 5,000 bribery reports. Healy urges business leaders to take action View Details

05 Nov 2014
News

Divestment Alone Won’t Beat Climate Change

Web

Skydeck - Alumni

capture in Southwest Wyoming Can We Really Engineer a Climate Fix? The opportunity—and necessity—of carbon capture Forged in Fire HBS Executive Fellow Bill George and Chad Foster (PLDA 21, 2016) , an author... View Details

01 May 2012
News

Report or Explain: A policy proposal for sustainability reporting to be adopted as a common practice for the advancement of a Green Economy

01 May 2018
News

Elon Musk’s Unusual Compensation Plan Isn’t Really About Compensation at All

25 Feb 2014
First Look

First Look: February 25

Corporate Performance By: Brochet, Francois, Maria Loumioti, and George Serafeim Abstract—Using conference call transcripts to measure the time horizon that senior executives... View Details

Keywords: Sean Silverthorne

22 May 2012
First Look

First Look: May 22

Ioannou, and George Serafeim Abstract We investigate the effect of a corporate culture of sustainability on multiple facets of corporate behavior View Details

Keywords: Sean Silverthorne

Web

Globalization - Faculty & Research

Globalization Globalization December 2014 Article Market Competition, Earnings Management, and Persistence in Accounting Profitability Around the World By: Paul M. Healy ,... View Details

12 Jul 2016
News

The Fastest-Growing Cause for Shareholders Is Sustainability

03 Sep 2020
News

Social-Impact Efforts That Create Real Value

December 2012
Article

What Drives Corporate Social Performance? The Role of Nation-level Institutions

By: Ioannis Ioannou and George Serafeim

Based on Whitley's "National Business Systems" (NBS) institutional framework (Whitley 1997, 1999), we theorize about and empirically investigate the impact of nation-level institutions on firms' corporate social performance (CSP). Using a sample of firms from 42... View Details

Keywords: Environment; Environmental Performance; Corporate Social Responsibility; Sustainability; Institutions; Institutional Theory; Corporate Social Responsibility and Impact; Environmental Sustainability; Corporate Governance

Spring 2013
Article

Does Mandatory IFRS Adoption Improve the Information Environment?

By: Joanne Horton, George Serafeim and Ioanna Serafeim

We examine the effect of mandatory International Financial Reporting Standards (IFRS) adoption on firms' information environment. We find that after mandatory IFRS adoption, consensus forecast errors decrease for firms that mandatorily adopt IFRS relative to forecast... View Details

Keywords: International Accounting; Financial Reporting; Standards; Information; Quality; Earnings Management

SSRN

Web

Human Behavior & Decision-Making - Faculty & Research

The seeming randomness by which spontaneous thoughts arise might give people good reason to dismiss them as meaningless. We suggest that it is precisely the lack of control over and access to the processes... View Details

2016
Article

Do External Labor Market Job Switches Affect the Gender Compensation Gap?

By: Boris Groysberg, Paul M. Healy and Eric Lin

This paper investigates how external mobility influences the gender compensation gap for job switching executives. Using proprietary data for 2,034 executive placements from a global search firm, we find job switching narrows the gender gap by 45%, from 11% to 6%. We... View Details

Keywords: Executive Compensation; Gender

Article

Market Interest in Nonfinancial Information

By: R. G. Eccles, Michael P. Krzus and George Serafeim

Market interest in nonfinancial (e.g., Environmental, Social, and Governance [ESG]) information, including data produced by the Carbon Disclosure Project (CDP), is growing. Using data from Bloomberg we analyze this interest from a variety of different perspectives, and... View Details

Keywords: Markets; Analytics and Data Science; Perspective; Environmental Sustainability; Social Issues; Corporate Disclosure; Projects; Interests

April 2014
Supplement

Managing Change at Axis Bank (B)

By: Paul Healy and Rachna Tahilyani

Axis Bank is India's third largest private sector bank. In April 2009, Shikha Sharma, an outsider was appointed as its CEO. She took over from a person who had overseen ten years of rapid growth at the bank. The selection of an outsider as the new CEO surprised many... View Details

Keywords: Change Management; Transformation; Organizational Culture; Organizational Change and Adaptation; Leadership Style; Leading Change; Valuation; Finance; Banks and Banking; Financial Services Industry; Banking Industry; India

May 2004 (Revised April 2005)
Case

Prudential Securities

By: Boris Groysberg, Paul M. Healy and Amanda Cowen

Prudential Insurance Co. attempted to diversify into financial services by building an investment banking franchise. Prudential's initial foray into the industry was its acquisition of The Bache Group in 1982. In 2000, the company decided to exit investment banking.... View Details

Keywords: Investment Banking; Corporate Strategy; Competitive Strategy; Market Entry and Exit; Diversification; Mergers and Acquisitions; Financial Services Industry; Insurance Industry

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