This PhD seminar addresses key topics in corporate sustainability. It reviews the relevant academic literature, identifies research gaps, and discusses potential avenues for future research. In particular, in this course, we will address questions of whether and how companies can incorporate environmental, social, and governance considerations into their activities to enhance their competitiveness and long-term value. Also, we will discuss the rising pressures of society (including communities, consumers, employees, and others) and shareholders on companies to show sustainable business stewardship, aligning the firm’s policy engagement with their social and environmental business practices and corporate strategies to help mitigate systemic challenges.
The course will draw on theory and evidence from several disciplines, including management, corporate governance, accounting, finance, economics, and political science. It will discuss the interplay between the public and private sector as well as the real economy and financial system. Students will gain a comprehensive understanding of the corporate sustainability literature and the real world challenges we face.
The course has three main parts. Part 1 discusses the strategic side of corporate sustainability. Part 2 discusses how investors (and other constituencies) can influence their portfolio companies' sustainable business practices. Part 3 identifies research gaps and discusses potential avenues for future research.