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Publications

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  • 2014
  • Article

Paying It Forward: Generalized Reciprocity and the Limits of Generosity

By: Kurt Gray, Adrian F. Ward and Michael I. Norton
When people are the victims of greed or recipients of generosity, their first impulse is often to pay back that behavior in kind. What happens when people cannot reciprocate, but instead have the chance to be cruel or kind to someone entirely different—to pay it... View Details
Keywords: Moral Sensibility; Behavior; Situation or Environment; Attitudes
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  • 2019
  • Working Paper

Rehabilitating Corporate Purpose

By: Malcolm S. Salter
In this paper, I address how the ascendance of the theory of shareholder value maximization into the central consciousness of public corporations and its canonization as the only legitimate expression of corporate purpose has contributed to both a widening breach... View Details
Keywords: Capitalism; Justice; Corporate Purpose; Shareholder Value Maximization; Ethical Reciprocity; Economic Systems; Business Ventures; Mission and Purpose; Ethics; Corporate Social Responsibility and Impact
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  • 12 Oct 1999
  • Research & Ideas

Value Judgments: Business Ethics Across Borders

crossing cultural borders. Two of the seventeen case sequences she has developed for the course so far — "Siam Cement Group: Corporate Philosophy" and "The Haier Group" — take place in Thailand and China, respectively. Named Asia's most View Details
Keywords: by Judith A. Ross
  • October 2008
  • Article

Sociopolitical Dynamics in Relations Between Top Managers and Security Analysts: Favor Rendering, Reciprocity, and Analyst Stock Recommendations

By: James Westphal and Michael B. Clement
We examine how the disclosure of negative firm information may prompt top executives to render personal and professional favors for security analysts, who may reciprocate by rating firms relatively positively. We further examine how negative ratings may prompt... View Details
Keywords: Corporate Disclosure; Relationships; Power and Influence; Ethics
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  • 2008
  • Chapter

Corporate Honesty and Business Education: A Behavioral Model

By: Rakesh Khurana and Herbert Gintis
Since the mid-1970s neoclassical economic theory has dominated business school thinking and teaching in dealing with the nature of human motivation. However valuable in understanding competitive product and financial markets, neoclassical economic theory employs an... View Details
Keywords: Business Education; Ethics; Managerial Roles; Corporate Social Responsibility and Impact; Organizational Culture; Business and Shareholder Relations; Mathematical Methods; Behavior
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  • Research Summary

Renovating Democratic Capitalism

By: Malcolm S. Salter

This in-process work focuses on how best to address the declining public trust and confidence in democratic capitalism, which many citizens consider to be a cornerstone of our national ideology and identity? While the answer to this question is not entirely clear, I... View Details

    Max H. Bazerman

    Max H. Bazerman is Jesse Isidor Straus Professor of Business Administration at the Harvard Business School. His recent books... View Details
    Keywords: accounting industry; management consulting; pharmaceuticals
    • 08 Jul 2014
    • First Look

    First Look: July 8

    http://hbr.org/2014/07/unlock-the-mysteries-of-your-customer-relationships/ar/1 July-August 2014 Harvard Business Review Becoming a First-Class Noticer: How to Spot and Prevent Ethical Failures in Your Organization By: Bazerman, Max... View Details
    Keywords: Carmen Nobel
    • 2024
    • Working Paper

    The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage Are Destroying Democratic Capitalism as a National Ideal…and What to Do about It

    By: Malcolm S. Salter
    What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? While the answer is not entirely clear, I argue in this essay that any effort aimed at restoring... View Details
    Keywords: Government Administration; Economic Systems; Trust; United States
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    • 16 Jan 2006
    • Research & Ideas

    Adam Smith, Behavioral Economist?

    activity. Q: What do you think Adam Smith's advice to business leaders would be concerning corporate ethics given what he writes about trust? A: This is a great question. Smith believed that there were certain virtues, such as trust and a... View Details
    Keywords: by Ann Cullen
    • Profile

    Mark Gundersen

    says. "It's very difficult for leaders to make ethical decisions in moments of crisis if they don't have a history of making ethical decisions in seemingly small matters." Steps ahead Today, Mark... View Details
    • 23 Apr 2019
    • First Look

    New Research and Ideas, April 23, 2019

    offers a practical guideline for balancing the interests of shareholders and other corporate constituencies in the conduct of everyday business affairs. After presenting ethical reciprocity as a... View Details
    Keywords: Dina Gerdeman
    • 01 Oct 1999
    • News

    Culture Clash: Exploring Cross Cultural Conflicts in Business

    has developed for the course so far - "Siam Cement Group: Corporate Philosophy" and "The Haier Group" - take place in Thailand and China, respectively. Named Asia's most ethical company several years ago in a survey of the region's... View Details
    Keywords: Judith A. Ross
    • 20 Feb 2008
    • First Look

    First Look: February 20, 2008

    what-if and formal optimization approach). We discuss pros and cons of these approaches and illustrate them through applications and case studies. Download the paper: http://www.hbs.edu/research/pdf/08-069.pdf Positions of Power and Status: View Details
    Keywords: Martha Lagace
    • 13 Nov 2012
    • First Look

    First Look: November 13

    Importantly, these past track records also predict divergent future real outcomes in patents, patent citations, and new product innovations. Read the paper: http://www.people.hbs.edu/lcohen/pdffiles/dimalco.pdf Paying It Forward: Generalized View Details
    Keywords: Sean Silverthorne
    • 08 Dec 2015
    • First Look

    December 8, 2015

    Argentina and Chile over recent decades. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=50182 forthcoming Management Science Creating Reciprocal Value Through Operational Transparency By: Buell, Ryan W., Tami Kim, and... View Details
    Keywords: Sean Silverthorne
    • 18 Mar 2014
    • First Look

    First Look: March 18

    synergies. His brief to Vineet Nayyar-the vice chairman and managing director of Tech Mahindra and the vice chairman of Satyam-and C.P Gurnani-the CEO of Mahindra Satyam-was based on a set of clear principles: rectify the issues related to corporate governance, ensure... View Details
    Keywords: Sean Silverthorne