Episodes
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HEC research academic Craig Anderson has been exploring the impact of “awe” on Corporate Social Responsibility, CSR, and well-being for over a decade. The specialist in affective science recently published a paper on culture and awe, comparing the emotional approach of Americans and Chinese to this phenomenon. Anderson’s research was at the heart of a 2023 National Geographic documentary “Operation Artic Cure” which traces the use of awe to alleviate PTSD in veteran soldiers. The American academic shares his insights into a new science reshaping policies in sustainability, marketing and health.
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This summer’s eruption of violence in the UK has renewed searching questions on the role social media plays in our society. It has also accelerated calls for new or revamped regulation of the country’s social media platforms, encapsuled in the UK’s Online Safety Act. But online violence does not confine itself to politicized and stigmatized communities. For the past 12 years, HEC Professor Kristine de Valck has explored the presence of direct, cultural and structural violence in an online community that few researchers would imagine: the British electronic dance music community. Kristine shares her decade-long research on such leisure-oriented communities, also observed on Reddit, Twitch and Discord platforms, and suggests ways to mitigate such brutalization of online consumers.
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Notre série du podcast Breakthroughs fête ce mois-ci les événements sportifs de l’été avec un programme hors-série dédié au lancement d’un nouvel électif sport et commerce pour les étudiants. Intitulé « Sport & Business », ce programme de six mois comprend un travail théorique, puis de terrain en partenariat avec le club de football professionnel Racing Club de Lens (présidé par Joseph Oughourlian, un alumnus d’HEC). Le professeur Luc Arrondel dirige les contenus académiques de l’électif. Ce chercheur partage avec nous son approche pédagogique centrés sur l’économie du foot. Puis, dans la deuxième partie du podcast, nous suivons le premier rassemblement de l’Economie du Sport dans lequel HEC Paris, Bpifrance et EY ont uni les acteurs clés de l’écosystème sportif. Etaient présents pour HEC, des dirigeants, des étudiants et des alumni pour des séances dédiées à la recherche, à l’enseignement et à l’action de l’école de commerce dans ce secteur florissant.
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2024 marks 20 years since the birth of social media. Since then, it has become a major communication force in the lives of teenagers’ lives - a 2024 Pew survey claims that 93% of American youth use it, for example. Unsurprisingly, research on its impact has followed suit. But just how reliable are the conclusions in this new field of studies? In April 2024 HEC professors Tina Lowrey and L.J. Shrum co-signed a research paper with their former doctoral student Elena Fumagalli (H18), showing conflicting findings on the negative and positive effects of social media on youth. They warn against major policies and lawsuits founded on inconclusive studies and contradictory scientific research. Professors Lowrey and Shrum share with Breakthroughs their empirical study to try to make sense of a subject matter inflaming public debate.
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Ever since he published “Strategic Management”, Edward Freeman has been at the forefront of a theory that stakeholders are interconnected. For his collective body of work, the economist from Darden School, Virginia, received an Honorary Doctorate from HEC Paris, adding his name to the 48 illustrious scholars on the HEC Honoris Causa list. The March 4 ceremony was followed by several thousand spectators, both live and on line. Freeman’s visit to the Jouy-en-Josas campus was the occasion to discuss his stakeholder vision with a prism of the 21st century. This is an exceptional Breakthroughs podcast, recorded for Knowledge@HEC.
Find the written highlights on Knowledge@HEC.
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Unlike the steam engine or the birth of the Internet, AI and LLMs (such as ChatGPT) do not need expensive hardware for access. Hence, a universalization which Carlos Serrano underlines in this wide-ranging podcast. He’s Associate Professor of Entrepreneurship and Economics in the Department of Economics and Decision Sciences at HEC Paris. With his colleague Professor Thomas Åstebro, he organized a groundbreaking AI & Entrepreneurship Workshop at HEC, inviting top researchers and business experts from different disciplines and backgrounds to discuss how to bridge the gap between research and business. Key points included the transformation of risk management for machines and how, in the words of Serrano, industry practitioners are generally thinking ahead of academics. That, and much more in this frank and often personal podcast exchange.
Find the written highlights on Knowledge@HEC here.
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HEC Professors Laurence Lehmann Ortega and Hélène Musikas have been working together for over 15 years on a business framework they call Odyssey 3.14. This strategy helps guide companies to better invest in business models that promote innovation and sustainability. The result is a book which entered its third edition in September, entitled “(Re)invent Your Business Model with Odyssey 3.14”. The two academics describe these three pillars and 14 directions which have evolved significantly in the past decades.
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How can the E.U. respond to the growing clamor for more citizen participation in its institutions? In a wide-ranging podcast, the Jean Monnet Professor in EU Law, Alberto Alemanno, proposes a permanent European Citizens Assembly to bring E.U. voters and their representatives closer together. The HEC professor also explores how lobbies can become a force for promoting social change. He also points out structural problems within the E.U. which are stymying the continent’s youth. Finally, Alemanno’s research with fellow academic Elie Sung pinpoints the oft-neglected impact of lobbies on judicial courts by interest groups– which are having devastating effects on societal issues like women’s and LBGTQI+ rights.
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The FTX cryptocurrency scandal illuminates the critical caveats to the world of blockchains. Since December 2022 and the arrest of FTX founder Sam Bankman Fried, this affair has rocked the world of cryptocurrencies and the on-chain features that underpins its entire existence. It also reveals the impact of off-chain factors involved in blockchain operations. Recent research by professors Dane Pflueger (HEC Paris), Martin Kornberger (Vienna University) and Jan Mouritsen (Copenhagen Business School) sheds light on the FTX and other scandals that are unfolding. Their December 2022 publication in the European Accounting Review, explores the issues of governance, organizing, and trust that buttress blockchain accounting. Speaking from the HEC campus near Paris, Pflueger challenges the notion some have that blockchain technology does not need intermediaries like accountants to function.
Read the summary on Knowledge@HEC here.
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Around 1,200 participants congregated in Toronto for the first in-person CDL Super Session in four years. The two-day event featured intense exchanges between startups from the 24 CDL streams, mentors, researchers and academics. There were equally hard-hitting exchanges on AI, geopolitical shifts in innovation and the advancement of humanlike intelligence. HEC Paris sent a strong delegation to Canada to exchange on its growing involvement in this objective-based program for massively scalable, seed-stage companies. A Breakthroughs special brings you an extended program highlighting the key exchanges during this third in-person Super Session.
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On the eve of the 11th annual D-Tea (promoting Dialogues between Theory, Experimental findings and Applications of decision-making, hence the acronym), we talk to its co-organizer Professor Itzhak Gilboa. Last year, Itzhak was ranked by Stanford University in the world’s top six theoretical economists. His main interest is in decision under uncertainty and decision models whereby uncertainty can’t be quantified. That is called non-Bayesian decision models – as opposed to the Bayesian approach which assigns probabilities based on experience or best guesses. Itzhak questions these axioms, or self-evident truths. He believes his research can help answer unforeseen crises, called black swans, like the war in Ukraine, health pandemics or the climate crisis.
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HEC Associate Professor Guillaume Vuillemey explores how the maritime shipping industry has evolved in the past 40 years to systematically evade its corporate responsibilities. In his groundbreaking research Vuillemey reveals how this industry – which handles over 80% of global trade flows – uses flags of convenience and limited liability to flout international and moral law. This has repercussions on the environment and basic human rights. In a long interview, Vuillemey outlines his approach of this industry and its links to what some are calling the “dark side of globalization”. The exchange is followed by an on-the-ground report from ChangeNOW 2023 Summit on its analysis to the shipping sector.
Read the summary on Knowledge@HEC.
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Doctor Anicet Fangwa's work on health centers and stillbirths in the Democratic Republic of Congo could save millions of lives by better managing health practices throughout Africa. The PhD graduate from HEC Paris describes the managerial tools he's been using to transform treatment in health centers in remote parts of the DRC.
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It’s been over five years since #MeToo began to draw global attention to the sexual abuse and harassment women have been subjected to in the workplace. But just what impact has this protest movement had on US companies and their boards of directors? HEC Paris Assistant Professor Crystal Shi examined the behavior of over 2,000 American firms to gauge the evolution in policy and attitude of investors and board members in their respective companies. Shi and two fellow academics at New York’s Stern School of Business identified 37 MeToo events in the year after the Harvey Weinstein scandal. They then looked for any abnormal market return based on the boardrooms’ gender structure and culture. Finally, the researchers studied the costs of the companies’ gender-inclusive or -exclusive cultures.
Read the summary on Knowledge@HEC.
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Et si, en enseignant l’empathie et la coopération à de jeunes garçons, l’école pouvait transformer des vies ? Dans une recherche cosignée par Yann Algan, professeur d'économie et doyen associé de l'ensemble des programmes pré-expérience à HEC Paris, les résultats sont sans appel. Ce spécialiste du bien-être au sein des organisations nous livre le bilan d’une recherche unique qu’il a menée pendant 33 ans auprès d’enfants à risque de décrochage venant de quartiers pauvres de Montréal.
Retrouvez le résumé de l'étude, en anglais sur Knowledge@HEC.
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Gilles Vermot Desroches est ingénieur de formation. Mais c’est au cœur de la stratégie et de l’innovation de Schneider Electric qu’il a piloté les actions de développement durable de Schneider pendant les 25 dernières années. Il répond à nos questions sur sa compréhension des critères de notation de l’ESG et partage ses observations de l’évolution des tendances de la question de l’impact, de la responsabilité de l’Europe dans ses efforts stratégiques et des manières de mesurer l’ESG. Mais, tout d’abord, le Directeur de la Citoyenneté et des Relations institutionnelles à Schneider retrace les étapes clés de la stratégie ESG de la société depuis 1998.
Ce podcast coïncide avec la signature d’une Convention de Mécénat entre Schneider Electric, HEC Paris et la Fondation HEC. Ce partenariat a pour ambition d’accroître la compréhension et les avancées des entreprises face aux défis environnementaux et sociaux face à la nécessité d'une transition équitable vers une économie décarbonée et inclusive.
Retrouvez l'article résumé en anglais sur Knowledge@HEC.
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Why is the SOCIAL element of Environmental, Social and Governance performance (ESG) neglected or ignored? Three HEC academics have joined forces with an S&P Global researcher on ESG to better understand this negligence. They have published a landmark report on how ESG frameworks cover this issue – or don’t. “What Gets Measured” also suggests ways to ensure that what gets measured, in the authors’ own words, “matters for businesses, the people and the communities they impact”. For, ignoring social concerns like workers’ rights in the supply chain can have serious consequences, as France's gilet jaunes (Yellow Vests) movement illustrated.
Read more on Knowledge@HEC.
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Top personalities from the political and academic worlds, including Pascal Lamy, Peter Altmaier, John Denton and Merit Janow, were amongst the 17 speakers at a September 29 conference at HEC Paris on constitutionalism. Over three intense sessions, the policy-makers and professors of law explored reforms in governance of public goods.
The HEC Paris conference went beyond constitutionalism to explore the failures of transnational governance, policy responses and current free market dynamics in the past decade. It set out to propose reforms in multilevel governance of public goods at worldwide, European and national levels. In this way, the organizers, HEC professor of EU Law and Economics Armin Steinbach and Emeritus professor at EUI Florence, Ulrich Petersmann, hope to develop academically innovative research and concrete policy proposals for policymakers. This, they believe, will encourage policymakers to implement new approaches to address the growing number of these governance and constitutional failures the world is currently experiencing. The results of the three sessions at HEC are to be published in the form of a book in 2023.
Read more on Knowledge@HEC
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The COP27 summit begins on November 6 in Sharm al Sheikh, Egypt, exactly a year after COP26 in Glasgow. A year is a long time and challenges have piled up: a world divided by war in Europe, where the world sees an acceleration of climate changes and global warming has beaten all modern records. In this light, Knowledge@HEC discusses the 12-day summit’s agenda and objectives with two guests: Igor Shishlov, Academic Co-Director for HEC’s Climate & Business Certificate; and Shiraz Moret-Bailly, co-president of Esp’R, an HEC student association devoted to sustainability and social economy.
Read more on Knowledge@HEC
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Bertrand Quélin is professor of Strategy and the holder of the Bouygues-HEC Paris Chair in ‘Smart City and the Common Good’. He has been spearheading research on ways public bodies and private companies partner up to create both social and economic value. We discuss how the partnerships rely on a form of hybridization relying on three mechanisms: contractual, institutional and the ability to regularly partner up with public authorities.
Read more on Knowledge@HEC
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