Ivey Assistant Professor Caroline Flammer’s research discovery that doing good pays off for companies has also paid off for her.
Flammer won the 2013 Moskowitz Prize for Social Responsible Investing from the Center for Responsible Business at UC Berkeley’s Haas School of Business. The award recognizes outstanding quantitative research in the field of sustainable and responsible investing and was presented to Flammer on October 29 at the SRI Conference in Colorado Springs, Colorado.
Flammer’s winning paper, “Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach,” found that companies’ labour productivity and sales growth improved when they adopted CSR-related shareholder proposals that pass by a small margin of votes.
The Moskowitz Prize judges called it, “an outstanding and unique contribution to the large amount of literature on the link between CSR and financial performance.”
“I feel deeply honoured to receive this prestigious award,” said Flammer.
For more information, please see media release.