The Value of Corporate Purpose

A wiper clears soap off a sudsy windshield, revealing a blue cloudy sky.

(Outlet: Harvard Business Review) Instead of conceiving of the firm as a collection of managers writing contracts specifying roles and tasks and then struggling to get workers to comply, we need to develop theories that better match the organizations we lead, study, advise, and report on, argues Witold J. Henisz, Vice Dean of the ESG Initiative at the Wharton School.Read More

The ESG Initiative presents an update to the POLCON dataset

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The Wharton Environment, Social and Governance (ESG) Initiative is proud to present an update to the POLCON (POLitical CONstraint) dataset, including new data through the end of the year 2020. The POLCON measure, developed by Vice Dean and Faculty Director of the ESG Initiative Witold Henisz, is a quantitative measure of institutional constraints that uses a spatial model of political interaction and measures the feasibility of a change in policy given the structure of a nation’s political institutions.Read More

The impact of board diversity on firms and the experience of Indigenous board members

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In Board Diversity: Literature Review and the Indigenous Experience, authors Gauri Subramania and Kalie Wertz summarize the robust literature studying the drivers and implications of board diversity on firms and share a case study constructed through interviews with 11 Indigenous-identifying individuals with board experience.Read More