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B Academics: Status of Research on B Corps and Benefit Corporations

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Presented at the 2017 Global B Corp Academic Community Roundtable on October 4, in Toronto, Ontario, Canada at the University of Toronto, Rotman School of Management. The presentation provides a brief overview of published research on B Corps and/or Benefit Corporations.

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B Academics: Status of Research on B Corps and Benefit Corporations

  1. 1. B Academics: Status of Research on B Corps and Benefit Corporations Joel Gehman & Ke Cao 2017 Global B Corp Academic Community Roundtable Rotman School of Management
  2. 2. Agenda 1. Academic literature to date 2. The emergence of an academic community interested in B Corps and Benefit Corporations 3. Future research opportunities
  3. 3. 2 7 11 21 30 33 46 39 0 5 10 15 20 25 30 35 40 45 50 2009 2011 2012 2013 2014 2015 2016 2017 Number of Peer Reviewed Journal Articles
  4. 4. 0 5 10 15 20 25 30 35 40 45 50 2009 2011 2012 2013 2014 2015 2016 2017 Number of Peer Reviewed Journal Articles by Year and Area Law Ethics Business
  5. 5. But, just 5 papers on FT 50 business journals • 2 Journal of Business Ethics: Smith & Rönnegard 2016; André 2012 • 1 Journal of Management Studies: McMullen & Warnick 2016 • 1 Entrepreneurship Theory and Practice: Friar & Vittori 2017 • 1 Academy of Management Journal: Gehman & Grimes 2017
  6. 6. 5 more articles expected
  7. 7. CASE i3 2010-2015
  8. 8. A unique research setting • Measurement and sampling accuracy • Voluntary certifications • New legal forms • Impact investing • Global and cross-industry contexts
  9. 9. Key research questions • How would social missions impact financial performance? • Do the different configurations of social missions matter? • What factors might impact the adoption patterns of B Corps? • Do certification and legislation complement or substitute for one another? • What might impact the attrition of B Corps?
  10. 10. Strengthening the B Corp data • Identifiers (e.g., DUNS) • Data on customers, ops, biz models • Longitudinal data, including funding • Conventional management outcomes • Commensuration between BIA and ESG (e.g., GRI, MSCI ESG)

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