Showing results 1 - 7 of 7
| George Serafeim
2021, Paper: "Applying the Impact-Weighted Accounts Initiative’s employment impact methodology, on eight leading companies, we document wide variability in employment impacts as a percentage of salaries paid, ranging between 59 and 80 percent. We identify opportunities for improvement and discuss transition plans for companies to create more positive employment impact. We conclude with a call for disclosure of Equal Employment Opportunity…
| George Serafeim
June 23, 2020, Paper, "The coronavirus pandemic caused a sharp market decline while raising heterogeneous responses across companies related to their employees, supply chain, and repurposing of operations to provide needed products and services. We study whether during the 2020 COVID-19 induced market crash, investors differentiated across companies based on their human capital, supply chain, and products and service response. Using data derived…
| George Serafeim
Human Capital and the Future of Work: Implications for Investors and ESG integration. George Serafeim, 2019, Paper, "Human capital development (HCD) is a key consideration for most companies, but only recently investors have focused on understanding the risks and opportunities related to human capital with the emergence of environmental, social and governance (ESG) investment frameworks and impact investing. We argue that the importance of human…
| George Serafeim
Corporate Purpose and Firm Ownership. George Serafeim, August 2019, Paper, "Analyzing data from approximately two million employees in a sample of more than 1,000 established public and private US companies, we find that corporate purpose is lower among employees of public companies. This result is driven by weaker beliefs held by employees in the salaried middle ranks and hourly workers, and not by senior executives. Among public companies,…
| George Serafeim | Jan W. Rivkin | William Kerr
June 20, 2019, Audio, "Bloomberg Businessweek Editor Joel Weber talks about Businessweek Best B-Schools rankings. Scott Sperling, Co-President at Thomas Lee Partners, explains why companies are taking longer to go public. Sal Khan, Founder of Khan Academy, talks about launching a partnership with NWEA. John Connaughton, Co-Managing Partner at Bain Capital, discusses opportunities in private equity investing. Jan Rivkin, Senior Associate Dean at…
| George Serafeim | Boris Groysberg
Does Financial Misconduct Affect the Future Compensation of Alumni Managers? Boris Groysberg, George Serafeim, November 15, 2017, Paper, "We explore how an organization’s financial misconduct may affect pay for former employees not implicated in wrongdoing. Drawing on stigma theory we hypothesize that although such alumni did not participate in the financial misconduct and they had left the organization years before the misconduct, they…
| George Serafeim
Stop Waiting for Governments to Close the Skills Gap. George Serafeim, January 11, 2017, Case, "Donald Trump was elected with the promise to “make America great again.” But America was already great for some people. For example, America has been good for investors: The Dow Jones was at a record high before Trump got elected, and it has risen further since the election. But the country has not been great for workers, who have seen their wages…