Found 47 article(s) for author 'George Serafeim'

Firm Competitiveness and Detection of Bribery

Firm Competitiveness and Detection of Bribery. George Serafeim, July 2013, Paper. “Using survey data collected from senior corporate executives around the world I analyze how detection of bribery impacts firm competitiveness. The data suggest that the most significant impact is on employee morale, followed by business relations and reputation, and then regulatory relations. I find that who initiated the bribery act, how it was detected, and how the firm responded after detection are all associated with the impact on a firm’s reputation, business relations, regulatory relations, and employee morale…” Link Verified October 11, 2014

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A Tale of Two Stories: Sustainability and the Quarterly Earnings Call

A Tale of Two Stories: Sustainability and the Quarterly Earnings Call. Robert Eccles, George Serafeim, Summer 2013, Paper. “One of the challenges companies claim to face in making sustainability a core part of their strategy and operations is that the market does not care about sustainability, either in general or because the time frames in which it matters are too long. The response of investors who say they care about sustainability—and their numbers are large and growing…” Link Verified October 11, 2014

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Sustainability in Financial Services Is Not About Being Green

Sustainability in Financial Services Is Not About Being Green. George Serafeim, May 15, 2013, Opinion. “The next time we hear about a bank or insurance company’s “green program” — like using energy efficient light bulbs or operating out of a LEED Platinum building — we’ll either scream or throw up. Don’t get us wrong. We aren’t “climate change deniers” and we believe that every individual and organization should use energy and other natural resources responsibly. Our problem with banks, insurance companies, and other financial institutions that tout their commitment to sustainability by…” Link Verified October 11, 2014

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The Performance Frontier: Innovating for a Sustainable Strategy

The Performance Frontier: Innovating for a Sustainable Strategy. Robert Eccles, George Serafeim, May 2013, Paper. “By now most companies have sustainability programs. They’re cutting carbon emissions, reducing waste, and otherwise enhancing operational efficiency. But a mishmash of sustainability tactics does not add up to a sustainable strategy. To endure, a strategy must address the interests of all stakeholders: investors, employees, customers, governments, NGOs, and society at large. To do that, it has to increase shareholder value while at the same time…” Link Verified October 11, 2014

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Richest Universities Are Too Quiet on Sustainable Investing

Richest Universities Are Too Quiet on Sustainable Investing. Robert Eccles, George Serafeim, January 10, 2013, Opinion. “In its mission statement, Harvard University says it “expects that the scholarship and collegiality it fosters in its students will lead them in their later lives to advance knowledge, to promote understanding, and to serve society.” Similar aspirations can be found at Yale, Stanford, the University of Chicago, Emory University, and probably all of their peers. These missions are similar and laudable — for their graduates to contribute to society as a whole…” Link Verified Octobre 11, 2014

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Luxembourg: A Sustainable Society Starts Here

Luxembourg: A Sustainable Society Starts Here. Robert Eccles, George Serafeim, 2013, Book Chapter. “Integrated reporting is a topic of growing interest in the corporate and investment community. In its simplest terms, an integrated report is one which presents a company’s financial and nonfinancial (e.g., environmental, social, and governance) performance in a single document. Ideally, it also shows the relationships between them, although that remains a challenge due to the lack of measurement and reporting standards for nonfinancial information…” Link Verified October 11, 2014

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