A fact is not data: it may not be representative

Even if a fact is cast-iron accurate, it’s meaningless if it’s handpicked — the exception that doesn’t prove the rule. Someone could trumpet a smoker who lived to 100, but hide the thousands of others who died from their habit.

Do women improve decision-making on boards?

Do women improve decision-making on boards?

Last week, Harvard Business Review published an article entitled "Research: How Women Improve Decision-Making on Boards". It was widely shared on LinkedIn and someone tagged me in it, given my research on diversity, equity, and inclusion. When I became Managing Editor of the Review of Finance, I appointed the first women to its board of editors in our 20-year history, so I'd like to believe the findings. However, it's important not to take claims at face value, particularly when ...
Does social purpose drive profit?

Does social purpose drive profit?

Someone thoughtfully sent me a Harvard Business Review article, ‘How Your Company's Social Purpose Can Also Drive Profit’, thinking I’d like it given my book Grow the Pie: How Great Companies Deliver Both Purpose and Profit, gives a similar message. My confirmation bias led me to want to lap up the evidence uncritically, but unfortunately it’s extremely weak, even for HBR's standards. (I have written for HBR many times and it has many ...
Does Brexit cost the UK £100 billion per year?

Does Brexit cost the UK £100 billion per year?

Britain’s leave-voting areas are falling even further behind three years after Brexit. Our Levelling Up Scorecard shows how they are far more likely to face a widening wealth and opportunity gap relative to richer regions. That’s an excerpt from a Bloomberg Close email I received in January 2023.