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The Human Capital Dimensions of Sustainable Investment: What Investment Analysts Need to Know

Author

Listed:
  • Thomas Kochan
  • Eileen Appelbaum
  • Carrie Leana
  • Jody Hoffer Gittell

Abstract

This paper identifies a number of questions that need to be answered if the growing interest in building investment portfolios of firms that follow socially and environmentally sustainable practices is to be successful in transforming the financial institutions and analysts from a liability to an asset in expanding the number of sustainable firms in the economy. Evidence from three decades of research on “high performance workplace practices” is reviewed that identifies what is required for firms to align human capital and financial strategies. A longer term research and education agenda is presented for answering the remaining open questions.

Suggested Citation

  • Thomas Kochan & Eileen Appelbaum & Carrie Leana & Jody Hoffer Gittell, 2013. "The Human Capital Dimensions of Sustainable Investment: What Investment Analysts Need to Know," CEPR Reports and Issue Briefs 2013-07, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2013-07
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    File URL: http://www.cepr.net/documents/publications/human-capital-investment-2013-03.pdf
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    References listed on IDEAS

    as
    1. Jody Hoffer Gittell & Andrew Von Nordenflycht & Thomas A. Kochan, 2004. "Mutual Gains or Zero Sum? Labor Relations and Firm Performance in the Airline Industry," ILR Review, Cornell University, ILR School, vol. 57(2), pages 163-180, January.
    2. John-Paul Ferguson, 2008. "The Eyes of the Needles: A Sequential Model of Union Organizing Drives, 1999–2004," ILR Review, Cornell University, ILR School, vol. 62(1), pages 3-21, October.
    3. Carrie R. Leana & Frits K. Pil, 2006. "Social Capital and Organizational Performance: Evidence from Urban Public Schools," Organization Science, INFORMS, vol. 17(3), pages 353-366, June.
    4. Joel Cutcher-Gershenfeld, 1991. "The Impact on Economic Performance of a Transformation in Workplace Relations," ILR Review, Cornell University, ILR School, vol. 44(2), pages 241-260, January.
    5. Kochan, Thomas A., 1996. "What works at work : overview and assessment," Working papers 3886-96., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    6. Daniel Z. Levin & Rob Cross, 2004. "The Strength of Weak Ties You Can Trust: The Mediating Role of Trust in Effective Knowledge Transfer," Management Science, INFORMS, vol. 50(11), pages 1477-1490, November.
    7. John Paul Macduffie, 1995. "Human Resource Bundles and Manufacturing Performance: Organizational Logic and Flexible Production Systems in the World Auto Industry," ILR Review, Cornell University, ILR School, vol. 48(2), pages 197-221, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    inequality; poverty; human capital; investment; sustainability;

    JEL classification:

    • G - Financial Economics
    • G2 - Financial Economics - - Financial Institutions and Services
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • J - Labor and Demographic Economics

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