Found 19 article(s) for author 'Shawn Cole'

Understanding and Overcoming Roadblocks to Environmental Sustainability. Past Roads and Future Prospects

Understanding and Overcoming Roadblocks to Environmental Sustainability. Past Roads and Future Prospects. Shawn Cole, 2019, Paper, “This working paper examines key barriers to business sustainability discussed at a multidisciplinary conference held at the Harvard Business School in 2018. Drawing on perspectives from both the historical and business literatures, speakers debated the historical success and future opportunities for voluntary business actions to advance sustainability. Roadblocks include misaligned incentives, missing institutions, inertia of economic systems, and the concept of sustainability itself. It appears that overcoming these roadblocks will require systematic interventions and alternative normative concepts.Link

Tags: , , ,

Understanding and Overcoming Roadblocks to Environmental Sustainablity. Past Roads and Future Prospects

Understanding and Overcoming Roadblocks to Environmental Sustainablity. Past Roads and Future Prospects. Shawn Cole, January 15, 2019, Paper, “This working paper examines key barriers to business sustainability discussed at a multidisciplinary conference held at the Harvard Business School in 2018. Drawing on perspectives from both the historical and business literatures, speakers debated the historical success and future opportunities for voluntary business actions to advance sustainability. Roadblocks include misaligned incentives, missing institutions, inertia of economic systems, and the concept of sustainability itself. It appears that overcoming these roadblocks will require systematic interventions and alternative normative concepts.Link

Tags: , , , ,

The ABCs of Financial Education: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases

The ABCs of Financial Education: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases. Shawn Cole, September 2015, Paper. “This paper uses a large scale field experiment in India to study attitudinal, behavioral, and cognitive constraints that stymie the link between financial education and financial outcomes. The study complements financial education with (i) participant classroom motivation with pay for performance on a knowledge test, (ii) intensity of treatment with personalized financial counseling, and (iii) behavioral nudges with financial goal setting. The analysis finds no impact of pay for performance …” Link

Tags: , ,

2015 Aspen Faculty Pioneer Award Winner – Shawn Cole, Harvard Business School

2015 Aspen Faculty Pioneer Award Winner – Shawn Cole, Harvard Business School. Shawn Cole, September 30, 2015, Video. “Shawn Cole is the John G. McLean Professor of Business Administration in the Finance Unit at the Harvard Business School at Harvard University. This video introduces his course module, “Business at the Base of the Pyramid Financial Services For the Poor.”Link

Tags: ,

Overcoming Barriers to Microinsurance Adoption: Evidence from the Field

Overcoming Barriers to Microinsurance Adoption: Evidence from the Field. Shawn Cole, June 3, 2015, Paper, “This paper provides an overview of the academic literature on microinsurance adoption in emerging markets, with a particular emphasis on randomised control trials. I discuss what we know, what we can reasonably hope to know using the extensive work on microcredit as a comparator, and what the available evidence implies for public policy. Particular attention is paid to the case for a greater role for the government in supporting the development of microinsurance.Link

Tags: , , , ,

How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment

How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment. Shawn Cole, September 9, 2014, Paper. “Weather is a key source of income risk for many firms and households, particularly in emerging market economies. This paper studies how an innovative risk management instrument for hedging rainfall risk affects production decisions among a sample of Indian agricultural firms, using a randomized controlled trial approach. We find that the provision of insurance induces farmers to shift production towards higher-return but higher-risk cash crops…” Link verified August 21, 2014

Tags: , , , , , , , , , , ,

Dynamics of Demand for Index Insurance: Evidence from a Long-Run Field Experiment

Dynamics of Demand for Index Insurance: Evidence from a Long-Run Field Experiment. Shawn Cole, May 2014, Paper, “In the past ten years, many practitioners and academics have embraced micro-insurance. Economists view risk diversification as one of the few readily available “free lunches,” and dozens of products were launched in the hopes of developing a financial service that was both welfare enhancing and economically sustainable. A successful market-based approach, however, requires consumers to make good decisions about whether to purchase products. Practically speaking, because marketing policies is expensive, sustainability may depend on high purchase and repurchase rates.Link

Tags: , , ,

High School Curriculum and Financial Outcomes: The Impact of Mandated Personal Finance and Mathematics Courses

High School Curriculum and Financial Outcomes: The Impact of Mandated Personal Finance and Mathematics Courses. Shawn Cole, April 8, 2014, Paper. “Financial literacy and cognitive capabilities are convincingly linked to the quality of financial decision-making. Yet, there is little evidence that education intended to improve financial decision-making is successful. Using plausibly exogenous variation in exposure to state-mandated personal finance and mathematics high school courses, affecting millions of students, this paper answers the question “Can good financial behavior be taught in high school?…” Link verified June 19, 2014

Tags: ,

Comparative Regulation of Market Intermediaries: Insights from the Indian Life Insurance Market

Comparative Regulation of Market Intermediaries: Insights from the Indian Life Insurance Market. Shawn Cole, 2014, Book Chapter. “This chapter considers regulation of the sales of insurance as a means for reducing the amount of misselling that occurs. After providing background information on the life insurance markets in India and the United States, the chapter focuses on the regulation of commissions disclosure in the two countries. The chapter analyzes the more general issue of regulation of advice, focusing on the three tiers of legal duty (caveat emptor, suitability…” May require purchase or user account. Link verified August 21, 2014

Tags: , ,