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Accounting and Management

- RECENT PUBLICATION: Case
  Case | HBS Case Collection | December 2019
  Income Inequality and the CEO Pay Ratio at TJX Cos
  Ethan Rouen and Akari Furukawa
  
  Citation:
  Rouen, Ethan, and Akari Furukawa. "Income Inequality and the CEO Pay Ratio at TJX Cos." Harvard Business School Case 120-063, December 2019. View Details
  Cite View Details Educators Related
- RECENT PUBLICATION: Article
  Article | Harvard Business Manager | January 2020
  Mutige Mitarbeiter oder Querulanten?
  Jonas Heese
  
  Citation:
  Heese, Jonas. "Mutige Mitarbeiter oder Querulanten?" Special Issue on Courage. Harvard Business Manager (January 2020), 60–63. View Details
  Cite View Details Read Now Related
- RECENT PUBLICATION: Working Paper
  Working Paper | HBS Working Paper Series | 2019
  Pathways to Materiality: How Sustainability Issues Become Financially Material to Corporations and Their Investors
  Jean Rogers and George Serafeim
  As sustainability issues, also labelled environmental, social, and governance (ESG) issues, become financially material, companies, investors, and regulators are designing strategies and policies to improve sustainability disclosure and performance. In this paper, we outline a framework of how sustainability issues become financially material arguing that materiality is not a “state of being” but a “process of becoming.” Our framework could assist companies and investors to make resource allocation decisions based on expectations about future materiality, social entrepreneurs and NGOs to develop their theories of social change, and policy makers to design disclosure regulations. Moreover, our framework generates predictions about the conditions under which sustainability issues become financial material that could be empirically tested in the future.
  Keywords: materiality; ESG; Pharmaceutical Companies; Business ethics; sustainability; environment; finance; accounting; disclosure; disclosure and access; regulation; social impact; valuation; Environmental Sustainability; Social Issues; Corporate Governance; Ethics; Corporate Disclosure; Corporate Accountability; Resource Allocation;
  
  Citation:
  Rogers, Jean, and George Serafeim. "Pathways to Materiality: How Sustainability Issues Become Financially Material to Corporations and Their Investors." Harvard Business School Working Paper, No. 20-056, November 2019. View Details
  Cite View Details SSRN Read Now Related

The Accounting & Management unit at Harvard Business School strives to be the worldwide leader in research, course development, and teaching on top managements' use of performance measurement systems to:

Communicate with external investors to ensure that their firms' securities are fairly priced and that they are able to access capital,
Measure and evaluate their firms' economic performance,
Improve resource allocation and strategy implementation within their firms, and
Build accountability for performance through effective external and internal governance.

Unit research, course development, and teaching fall into two broad areas: Financial Reporting and Analysis and Management Accounting. Our research helps scholars and educators understand current best practices for the design and use of performance measurement systems that help managers to build more effective, value-creating organizations. Our teaching materials enable us to bring the results of this research into the classroom, and to practice.

In The News

Making Stakeholder Capitalism a Reality

Re: George Serafeim

Harvard Business Review,
22 JAN 2020
AB InBev Taps Machine Learning to Root Out Corruption

Re: Eugene Soltes

Wall Street Journal,
17 JAN 2020
Is Boston Title Town Or Cheater Town?

Re: Eugene Soltes

WBUR, 16 JAN 2020

Doctoral Students

Liran Eliner

Patrick Ferguson

Alexandra Rahman

Contact Information

Accounting and Management Unit
Harvard Business School
Morgan Hall
Soldiers Field
Boston, MA 02163
A&M@hbs.edu

HBS Working Knowledge

Businesses Need a 'Catalyst' to Make CSR Practices Stick

re Robert S. Kaplan and George Serafeim

Despite best intentions, many corporate social responsibility programs fail. One answer: Companies need community partners to sustain work over the long term, says Robert Kaplan.

Can Capitalism Be Fixed by Making Companies More Just?

re Ethan C. Rouen and Charles C.Y. Wang

JUST Capital seeks to make public companies more "just" by measuring and ranking their overall impact on society, based on priorities most important to average Americans. Ethan Rouen and Charles Wang

Under Pressure, Oxxo Rethinks the Convenience Store

re Tatiana Sandino

Mexican convenience store chain Oxxo dominated its market—until its chief rival doubled in size almost overnight. Professor Tatiana Sandino discusses her recent case study CEO Eduardo Padilla's respo