How Companies Can Navigate Political Risks Successfully
Businessam StaffJuly 5, 2021
Companies are facing heightened political risks across the globe, but the majority of them are underprepared, reactive, and lacking confidence in their ability to navigate those risks successfully. Geopolitical risks are the biggest, especially with COVID-19 disrupting supply chains, the rise of nationalization and protectionism, the hardening of U.S.-China trade tensions, and increasing confrontations with […]
Will a Global Minimum Corporate Tax Work?
Businessam StaffJune 28, 2021
A global minimum corporate tax rate of 15% that the G7 nations have endorsed will need coordination among countries to ensure they uniformly apply it and don’t work at cross purposes, according to Wharton experts. On June 5, after two days of talks in London, G7 finance ministers agreed to “reforms which will see multinationals […]
Why Engine No. 1’s Victory Is a Wake-up Call for ExxonMobil and Others
Businessam StaffJune 28, 2021
Over the past two weeks, activist hedge fund investor Engine No. 1 scored a victory for the climate change movement by wresting three board seats at ExxonMobil with the support of the “Big Three” institutional investment firms BlackRock, Vanguard, and State Street. But the episode also marks a failure in ExxonMobil’s “corporate diplomacy” because of […]
Do You Prefer Cats or Dogs? Why Self-expression Increases Giving
Businessam StaffJune 21, 2021
Do you prefer dogs or cats? Vanilla or chocolate? Winter or summer? The answers to these simple questions reveal a little something about who we are and what we like. We want to answer them because they’re fun, and because it broadcasts a bit of information about our personality, our values, and our desires. But […]
How to Overcome Cognitive Biases Against Climate Action
Businessam StaffJune 21, 2021
In this opinion piece, Wharton professors Howard Kunreuther and Robert Meyer look at what prevents homeowners from undertaking measures that will reduce greenhouse gas emissions, and how they can be convinced to do so. Kunreuther and Meyer are co-directors of the Wharton Risk Management and Decision Processes Center and are co-authors of The Ostrich Paradox: […]
Using Data Analytics as a Source for Change
Businessam StaffJune 14, 2021
If knowledge is power, then the vast knowledge contained in big data is powerful enough to change the world. But simply harnessing bits and bytes into tidy tables or whizbang algorithms won’t move the needle on progress. Companies, organizations, and researchers must view the data through a social, political, and cultural lens if they want […]
How Common Ownership of Startups Improves Innovation Efficiency
Businessam StaffJune 14, 2021
When venture capital firms own equity in more than one competing startup in an industry, they have the ability to improve innovation efficiency by redirecting their investments away from laggards in their portfolio towards those that show more promise. The VCs may stop funding those lagging startups, but continue to extract value from them by […]
Creating Equity in COVID-19 Testing and Vaccine Distribution
Businessam StaffJune 7, 2021
As chief of the Division of General Obstetrics and Gynecology for Penn Medicine, Dr. Florencia Greer Polite has spent many satisfying work days delivering babies and taking care of her female patients. But it was something out of her regular routine that recently became a defining moment in her career. When the COVID-19 vaccine rollout […]
How Insider Trading Hides Behind a Barely Noticed Rule
Businessam StaffMay 31, 2021
Existing regulations on company executives selling shares of their companies are vulnerable to insider trading abuses and must therefore be tightened, according to a recent Wharton study. When the Securities and Exchange Commission (SEC) adopted the so-called Rule 10b5-1 in 2002, it clearly had in mind visibility into trading by company insiders. The rule allowed […]
How Foreign Work Visas Benefit the U.S. Economy
Businessam StaffMay 31, 2021
The Biden administration recently allowed a Trump-era ban on certain work visas to expire, opening the door for foreign workers to reenter the American labor pool after being locked out for nearly a year. The controversial ban, which President Donald Trump said was necessary to protect public health and the economy during the coronavirus pandemic, […]