If at first you don’t succeed, try try again

If at first you don’t succeed, try try again

One of the papers that I cited most prominently in Grow the Pie is "Corporate Sustainability: First Evidence on Materiality". It shows that ESG doesn't always pays off: firms with high ESG scores don't beat the market; only those that focus their ESG efforts on issues material to their industry. For example, climate change is a serious global threat, but it isn’t the most important concern for a tech company that conducts its business in the cloud rather than along the coastline. Thus, a tech company that’s best-in-class in its carbon footprint doesn’t beat the market; instead, it ...
Want a more innovative conclusion? Innovate the conclusion

Want a more innovative conclusion? Innovate the conclusion

'Want a more innovative company? Hire more women'. The title hooked me immediately. I’m an avid follower of the @TEDTalks Twitter page, but I don’t have time to watch every talk. But when I saw one with the title ‘Want a more innovative company? Hire more women’, I wanted to hit play instantly.
You couldn’t even make it up

You couldn’t even make it up

Confirmation bias leads us to make up excuses to dismiss facts we don’t like. If our favourite politician gets elected and the economy tanks, we’d argue it would have done worse had she not been in charge. Or we’d protest that we need to wait another year before we can truly evaluate her performance.