Sep 30
By SnO - Post on 2011 September 30 - No Comments - summer School

Beyond Performance: Business Sustainability in question

The Summer School is designed to promote doctoral education and research in management studies and contribute to the development of enlightened practice in the management of business organizations. The Medici Summer School advocates a special focus on cross-fertilizing research across US and Europe traditions.

medici2

In 2011, the theme of the Summer School was developed in liaison with the GDF-Suez Chair on Business and Sustainability: “Beyond performance: sustainability in question”. 26 doctoral students from European and US universities (among others Duke, Erasmus, IESE, Imperial College, NYU, HEC, North-western, Politechnico Milano, Oxford, University of Zurich, Warwick) participated to the School Times were allocated to presentations by key scholars dealing with sustainability research, to group discussions and presentations of the research of the students, and in particular to the specific challenges of doing research in CSR. The “journey” began with a cognitive approach, moved to discussions on the change in paradigm due to CSR concerns, then to institutional pressures linked to CSR, to strategizing about CSR and eventually to social movements. Common issues raised all through the week were concerns about the lack of a clear definition of the concept of sustainability, the difficulty for researchers to publish papers on CSR in academic journals, the predominance of the economic paradigm that sees firms as rational profit-seekers.

More…

Sep 29
By SnO - Post on 2011 September 29 - No Comments - seminar

The Research Center for Capitalism, Globalization and Governance invites you to a Seminar

Bobby Banerjee
Bobby Banerjee is Professor in the Graduate School of Business at the University of South Australia. He has published broadly and is a key contributor of the tradition of critical studies in Management. He is the author, for example, of Corporate Social Responsibility: The Good The Bad and The Ugly. Cheltenham: Edward Elgar, 2007.

Wednesday, October 12th, 2011, 4.30 p.m.
ESSEC, Cergy (room Le Club)

Professor Bobby Banerjee will discuss the following paper:

“Philosophical Reflections on the Governance of Corporate Social Responsibility”

Abstract: In this paper I explore the philosophical and theoretical ideas about the political role of corporations. I argue that contemporary discourses on political CSR with its focus on deliberative democracy do not take into account structural and discursive power relations between and within different regions of the world. I describe the emergence of resource wars in the postcolonial era and how organizational technologies of extraction, exclusion and expulsion lead to dispossession and death in many parts of the Third World. I conclude by discussing possibilities of resistance and develop the notion of translocal resistance where local actors most affected by development are able to forge a series of temporary coalitions with international and national groups in an attempt to promote some form of participatory democracy.

If you have not done so yet, please reply to blancs@essec.fr ASAP to confirm attendance.

Sep 29
By SnO - Post on 2011 September 29 - No Comments - prize

We are proud to announce that Diane-Laure Arjaliès has been awarded two prizes for her dissertation on Socially Responsible Investments:

  • Best Thesis Award 2011 PRI-FIR
  • 2nd prize of the EDAMBA Thesis Competition

We reproduce below Diane-Laure’s interview in Le Monde Economie (Sept. 26, 2011, FRENCH).

Vous avez mené pendant trois ans une “enquête ethnogra-phique” au sein d’une société française de gestion d’actifs en tant qu’analyste “investissement socialement responsable” (ISR). Pourquoi cette méthode ?

Diane-Laure Arjaliès : Partager le quotidien des gérants, des analystes, des commerciaux, des acteurs du back et du middle office, des clients, etc., m’a permis de mieux comprendre les difficultés auxquelles font face les acteurs financiers lorsqu’ils cherchent à intégrer des critères non financiers et de long terme dans leurs pratiques.

J’ai toujours été convaincue que les plus grands changements venaient de l’intérieur des organisations : si vous voulez que quelqu’un change, il faut que le changement vienne de lui.

Qu’avez-vous observé ?

Que l’influence de l’ISR est grandissante dans le secteur.

De plus en plus de sociétés de gestion d’actifs intègrent des critères ISR dans leurs portefeuilles, y compris dans des types d’investissement dits “conventionnels”. En effet, il existe une demande croissante de la part des investisseurs institutionnels.

Par ailleurs, de plus en plus de professionnels de la gestion d’actifs sont convaincus que la performance d’une entreprise ou d’un pays dépend aussi de facteurs non financiers tels que la bonne anticipation des conséquences du réchauffement climatique sur l’activité ou l’investissement d’un pays dans l’éducation.

Mais l’intégration de critères ISR dans les pratiques des sociétés de gestion d’actifs n’est pas aisée, surtout en période de tension comme durant la crise.

Pourquoi ?

Premièrement, il est très difficile de demander à un gérant ou à un analyste de penser “long terme” lorsque la performance des fonds est évaluée de manière hebdomadaire (au mieux mensuelle), y compris celle des fonds ISR.

Comment justifier la présence d’une entreprise dans laquelle on croit à un horizon de quelques années, si cette dernière ne cesse d’avoir des contre-performances pendant des mois ?

Peu de clients l’acceptent dans les faits. Beaucoup ne sont pas prêts à sacrifier une quelconque performance financière à court terme du fait de la prise en compte de critères ISR.

Deuxièmement, les gérants et les analystes peinent à intégrer des critères ISR, souvent qualitatifs, dans les modèles financiers essentiellement quantitatifs qu’ils utilisent.

Ils ont souvent une forte culture mathématique et économétrique, et ont du mal à valoriser des éléments non matériels. Ceci est d’autant plus vrai en “gestion taux” (dette corporate ou Etats) – en comparaison avec la gestion actions – car la “gestion taux” repose dans une large mesure sur des modèles actuariels et des critères macroéconomiques assez éloignés de ce qui caractérise les émetteurs, notamment les Etats.

L’intégration de l’ISR et des préoccupations de long terme dans la gestion de la dette pourrait d’ailleurs apporter un nouvel éclairage sur la crise de la dette actuelle.

Peut-on lever ces obstacles ?

Les acteurs non financiers – acteurs publics, ONG, société civile, entreprises, etc. – doivent prendre une plus grande part à la réflexion qui est actuellement menée par les tenants de l’ISR au sein du monde financier.

Après le Grenelle de l’environnement, il serait peut-être souhaitable d’envisager un Grenelle de la finance responsable ?

Propose recueillis par Antoine Reverchon.
Article paru dans l’édition du 27.09.11

Sep 29
By SnO - Post on 2011 September 29 - No Comments - publication

We are proud to announce the following publications of SnO members:

Co-authors: Bridoux F, Coeurderoy R., and Durand R.
Title: Heterogeneous motives and the creative collection of value
Journal: Academy of Management Review, 36(4), 2011

Co-authors: Philippe D. and Durand R.
Title: The differentiated impacts of conforming behaviors on firm reputation
Journal: Strategic Management Journal, 32: 969-993, 2011

Author: Nils Plambeck
Title: The Development of New Products: The Role of Firm Context and Managerial Cognition
Journal: Journal of Business Venturing

Co-authors: Ilze Kivleniece and Bertrand Quélin
Title: Creating and Capturing Value In Public-Private Ties: A Private Actor’s Perspective
Journal: Academy of Management Review (forthcoming in April 2012)
URL: http://ssrn.com/abstract=1932047

Co-authors: Diane Laure Arjaliès, Cécile Goubet and Jean Pierre Ponssard
Title: Approches stratégiques des émissions CO2 – Les cas de l’industrie cimentière et de l’industrie chimique
Journal: Revue Française de Gestion, 2011/6 N° 215, p. 123-146
URL: http://www.cairn.info/revue-francaise-de-gestion-2011-6-page-123.htm

Sep 29
By SnO - Post on 2011 September 29 - No Comments - seminar

Seminar, Center for Management Science (CGS) – see invitation

Professor Nelson Phillips, Imperial College London

Building entrepreneurial tie portfolios through strategic homophily: the role of narrative identity work in venture creation and early growth

Wednesday October 5th 2011
3.00 – 4.30 pm
Room M209
Mines ParisTech
60, boulevard Saint Michel, 75006 Paris

Nelson Phillips will present the results of a case study of an entrepreneur who successfully founded and grew a venture underpinned by a portfolio of strongly homophilous, dyadic ties. He will discuss how the entrepreneur strategically constructed these ties through a form of narrative identity work, explore the shared identity narratives that he used to do so, and highlight the heterogeneous nature of the resulting tie portfolio. He will further explore the factors that motivated the entrepreneur to purposefully construct an entrepreneurial tie portfolio in this way. Building on these findings, he will discuss the nature of narrative identity work and its role in creating homophilous ties, explore the connection between the resulting shared identity narratives and trust, and discuss the central role of values in strategic homophily.

Please sign up with Eva Boxenbaum, eva.boxenbaum@mines-paristech.fr. Full paper available.

Sep 29
By SnO - Post on 2011 September 29 - No Comments - conference

The Accounting and Control Department and the MSc in Sustainable Development invite you to a conference:

Socially Responsible Investments:

A Tool for Preventing Future European Sovereign Debt Crises?

With the participation of

Daniel Beunza

Lecturer, London School of Economics

Olivier Bonnet

Head of SRI, Etablissement de Retraite Additionnelle de la Fonction Publique (ERAFP)

Oliver Rüter

Research Director, Oekom Research AG

October 10th 2011

17h to 19h – Room H303 (Campus Jouy-en-Josas)

The event will be followed by a cocktail and available as podcast on http://itunes.hec.edu.

The conference is open to public: students, academics and professionals are welcomed.

The precarious situation of the sovereign debt market has driven changes in the political agenda of many European countries, often driven by the balance of payment and debt situation of the respective national governments. Analysis of social and environmental sustainability of countries and the related rankings offer a potential alternative to mainstream and dominantly financial analysis of sovereign bonds. The objective of the conference is to explore Socially Responsible Investments (SRI) in a broad sense and the potential role of non-financial criteria in the management of sovereign bonds. Some of the questions to be addressed in this conference are:

  • What are the possible relationships between (the lack of) environmental, social and governance sustainability and the current debt crisis?
  • Could attention to environmental and social sustainability in the investment process contribute to minimizing the probability and/or risk of future debt crises?
  • What are the political and technical barriers to integration of environmental and social factors in the sovereign debt investment processes and products?

Contacts:

Diane-Laure Arjaliès (arjalies@hec.fr)
Raul Barroso (barroso@hec.fr)
Afshin Mehrpouya (mehrpouya@hec.fr

Read announcement here.

Sep 20
By SnO - Post on 2011 September 20 - No Comments - seminar

The Research Center for Capitalism, Globalization and Governance invites you to a Seminar.

John W. Meyer
John Meyer is a professor of sociology (and by courtesy, education) emeritus, at Stanford University. His 1977 article, co-authored with Brian Rowan, “Institutionalized organizations: Formal structure as myth and ceremony”, is a foundation text of contemporary neoinstitutional theory. His research has focused on the spread of modern institutions around the world, and their impact on national states and societies. Since the late 1970s, he has worked on issues related to the impact of global society on national states and societies.

Wednesday, September 21st, 2011, 5 p.m.
ESSEC La Défense (Amphi 203)

Professor John W. Meyer will discuss the following paper:

“Organizations as Culturally Constructed in World Society”

Contact: blancs@essec.fr

May 18
By SnO - Post on 2011 May 18 - No Comments - call for papers, conference

In 2012 the Max Planck Society and Sciences Po Paris will jointly establish the Max Planck Sciences Po Center on Coping with Instability in Market Societies, a German-French center in the social sciences. To launch this project and gain insight into the topic the center addresses, the two partners are organizing a conference in Paris on December 15– 16, 2011, entitled “Coping with Instability in Market Societies.” They invite researchers working on aspects of this phenomenon to submit proposals by June 15, 2011.

The Conference Subject

The last thirty years have seen profound shifts in the social organization of Western so- cieties. Today individuals are increasingly exposed to market forces in a growing num- ber of life spheres. Cultural shifts that accompanied this “marketization” have led to a more individualized culture and the destabilization of traditional social structures, for instance in the family. Creating a growing sense of uncertainty, these developments have led to pressures on individuals, organizations, and politics to cope with increasingly in- stable economic, social, and political environments.

In the economy amplified instability can be observed for instance in labor markets, where unstable labor relations have increased, or in public services such as health care and edu- cation, which are increasingly organized as quasi-markets today. In society, detradition- alization is reflected in the family in rising divorce rates and a greater variety of family types, and in contemporary society at large in a growing ethnic and religious heterogeneity due to increased immigration. The political system of Western democracies has witnessed the erosion of stable party systems, the decline of formal participation, and the multiplication of governance structures and levels of authority. From the changes in the economy and social life, new political instabilities arise and lead to conflicts and protest.

While these transformation processes are already well studied in the social sciences, the consequences of these multiple forms of instability have yet to be examined systematical- ly. What strategies do individuals, organizations, and the political system employ to cope with uncertainty and instability? How do the economy, social life, and politics adapt in response to the uncertainty actors and institutions are facing?

The effects of these developments are clearly multifaceted. The literature argues, for instance, that although market forces may destroy traditional social structures (Polanyi), markets may also create new relations and social groups (Hirschman). On the societal level the detraditionalization of family relations and greater flexibility in life-course choices have opened tremendous opportunities for individuals; at the same time these developments have often caused insecurity and new needs to adapt rapidly to changing life situations. The coping strategies through which the individuals adjust to less stable life-worlds can themselves trigger new unforeseen risks and uncertainties in other socie- tal spheres. For example: (1) If increasing demands for flexibility on the labor market, the economic need for employment of both partners, and the attraction of women to the labor market lead to decreasing fertility rates in middle-class families, the state needs to react by introducing expensive policies to provide institutional support to middle-class families – with uncertain success. (2) In Great Britain and the United States reductions in welfare state provisions went along with an increase in the availability of consumer credit and the expansion of home mortgages, exposing not only individuals to the risks of not being able to pay back these loans but also contributing to the real estate bubble that triggered the financial crisis in 2007.

Coping with instability does not necessarily have to be limited to the adaptation of indi- vidual decisions but can also be manifested in collective action, which is an attempt to reduce uncertainty for specific social groups and shift risks to others. Political conflicts about access for underprivileged social groups to (elite) institutions of higher education, migration policies, or estate taxation are political controversies about the distribution of uncertainty within society.

For further details on the submission process, please read the call for papers.

May 04
By SnO - Post on 2011 May 4 - No Comments - summer School

The goal of the Summer School is to bring together leading strategy and organizations scholars to explore these and other issues during the week we will be together. A typical day will feature a faculty member presenting the gist of the research during the morning and working with student participants in the afternoon to flesh out and develop key questions, both theoretically and empirically. This will be done by:
1. Exposing students to the cutting edge of research in this area.
2. Sharing with students some of their own recent work on related topics.
3. Offering their best advice on how to tackle complex questions of both theory and research on business sustainability.

Part of each day will be devoted to student presentations of their own ideas and relevant research projects so that feedback from peers and from faculty can be elicited. Each faculty member will be in residence at the School for at least a few days, allowing ample time for one-to-one sessions, knowledge sharing, and networking opportunities.

The five days of the Summer School will be tentatively organized as follows:

Day 1: Sustainability, Cognition, and Innovation:  Opportunities in OT and OB? Frances Milliken, Professor of Management and Organizations, Stern School of Business, New York University.

Day 2:  What is sustainability? Research challenges in Business Strategy and Sustainable Business. Tima Bansal, Professor, Executive Director, Network for Business Sustainability, and Director of the Center for Building Sustainable Value, Ivey School of Business, University of Western Ontario.

Day 3: Beyond Performance and Advantage: Conformity Challenge in Sustainability Research. Rodolphe Durand, GDF-Suez Professor in Business & Sustainability, Strategy department, HEC Paris.

Day 4: Place, Values, and Sustainability: Competitive Strategy and Sustainable Business. Michael Russo, Lundquist Professor of Sustainable Management, University of Oregon

Day 5: Institutional and Social Movement Perspectives on Sustainability. Klaus Weber, Associate Professor of Management and Organization, Kellogg School of Management, Northwestern University.

Mar 28
By SnO - Post on 2011 March 28 - No Comments - seminar

Frank Dobbin (Harvard Business School) will present his work on:
“Is Agency Theory to Blame for the Crisis? Shareholder Value and the Embrace of Risk.”

At the CSO (19 rue Amélie, Paris), Friday April 1st, 10:00-12:00.