# London Business School Faculty Research Videos

Data: 11-01-2025 21:41:38

## Lista de Vídeos

1. [Freek Vermeulen Talks About His Research on Management Speak](https://www.youtube.com/watch?v=T2HvoSmUc6U)
2. [Marcel Olbert Talks About His Research on Global Tax Reform](https://www.youtube.com/watch?v=wrwibkzjDf0)
3. [Xu Zhang Talks About Her Research on TV Advertising and Online Sales](https://www.youtube.com/watch?v=ns_4I8IGg2Q)
4. [Catherine Magelssen Talks About Strategic Assets and Innovation](https://www.youtube.com/watch?v=Jdnv8X5DoDk)
5. [Alex Yang Talks About Using Crowd-Judging for Conflict Resolution](https://www.youtube.com/watch?v=imdjZ8K469A)
6. [Rachel Flam Talks About Her Research on Conference Call Participation](https://www.youtube.com/watch?v=KlnwaTq5U7I)
7. [Freek Vermeulen Talks About His Research on Strategy Visualisation](https://www.youtube.com/watch?v=o-HJt37u76E)
8. [Simona Botti Talks About Consumers and Artificial Intelligence](https://www.youtube.com/watch?v=UkTFw1Nkuog)
9. [Optimising the Path Towards Plastic-Free Oceans](https://www.youtube.com/watch?v=Ah1VzN3a2BE)
10. [Arianna Marchetti Discusses How Humans and AI Can Work Together](https://www.youtube.com/watch?v=F1VEF-qY910)
11. [Jean Pauphilet Talks About His Research on Analytics for Hospital Operations](https://www.youtube.com/watch?v=6qda37yGuis)
12. [Florin Vasvari Discusses Whether the Private Equity Sector Is Good for the Planet](https://www.youtube.com/watch?v=ODQHlLFwFtc)
13. [Ussama Khan Describes How Environmental Changes Impact the Way People Work](https://www.youtube.com/watch?v=1eK0W796myQ)
14. [Henri Servaes Describes How ESG Strategies Can Improve Firm Performance](https://www.youtube.com/watch?v=4XhxZtXVofQ)
15. [Nitish Jain Discusses Whether Human Experts Should Change AI Recommendations](https://www.youtube.com/watch?v=0wEGHSu9hDE)
16. [Nitish Jain Discusses Reducing Food Waste Through Better Measurement](https://www.youtube.com/watch?v=J_TIJihKn7o)
17. [Dan Cable Discusses His Research on Improving Team Performance](https://www.youtube.com/watch?v=wz9vMxmG9gA)
18. [Randall Peterson Discusses Why the Blame Game Damages Team Performance](https://www.youtube.com/watch?v=-AeG8t5owIA)
19. [Donal Crilly Discusses Patience and Investing in Social Enterprise](https://www.youtube.com/watch?v=O7CJ2SFTY6Q)
20. [Isabel Fernandez-Mateo Discusses if Moving Internationally Is Beneficial for Career Progress](https://www.youtube.com/watch?v=wI5Mm3MMt-E)
21. [Bukky Oyedeji Discusses How Office Layouts Affect Productivity](https://www.youtube.com/watch?v=gb2KgJs07c8)
22. [Minseo Baek Discusses How New Recruits Can Establish Themselves in Fluid Organisations](https://www.youtube.com/watch?v=PFKIIud3fQw)
23. [Bryan Stroube Discusses Whether Female-Lead Films Face More Polarised Ratings](https://www.youtube.com/watch?v=V8uXEVlelOU)
24. [Dafna Goor Discusses Why Consumers May Choose Conventional Products over Greener Alternatives](https://www.youtube.com/watch?v=GNXdqIIoeFU)
25. [Dafna Goor Talks About the Emerging Phenomenon of Using Secrets in Marketing](https://www.youtube.com/watch?v=Qa5bA5HTv3Y)
26. [Emre Ozdenoren Discusses His Research on the Design of Central Bank Digital Currencies (CBDCs)](https://www.youtube.com/watch?v=2rNOVLabfNc)
27. [Herminia Ibarra Talks About Her Research on Career Changes](https://www.youtube.com/watch?v=FzIpyLpVDcM)
28. [Alex Yang Discusses His Research on Dynamic Trade Finance](https://www.youtube.com/watch?v=ZqDJtsfapJk)
29. [Alex Yang Talks About His Research on Platform Tokenisation](https://www.youtube.com/watch?v=7JGxm0JLjqw)
30. [Exploring GenAI's Impact on Industry Transformation and Private Equity | LBS Experts Discuss](https://www.youtube.com/watch?v=pXbPVDg759Y)
31. [How corporate structure affects environmental and social accountability](https://www.youtube.com/watch?v=qGkgPsPAD48)
32. [[Deleted video]](https://www.youtube.com/watch?v=9yXI8RfsoVY)
33. [Can machine learning predict the market?](https://www.youtube.com/watch?v=0-yZiSGnBrk)
34. [Do companies adapt when exposed to the physical impacts of climate change?](https://www.youtube.com/watch?v=rItYqMGajFM)

## Transcrições

### Freek Vermeulen Talks About His Research on Management Speak
URL: https://www.youtube.com/watch?v=T2HvoSmUc6U

Idioma: en

[Music]
in strategy presentations CEOs often use
what the general public perceives as
management speak terminology like low
hanging fruit paradigm shift and these
things we collected a database of about
1500 strategy presentations and measured
the amount of management speak that CEOs
used in them and we wanted to find out
if Financial investors do appreciate
management speak perhaps because they do
find it useful terminology or perhaps
because unconsciously they are impressed
by it we found out however that
financial markets also do not like
management speak in fact a 10 increase
in management speak made financial
markets respond six percent more
negatively to the strategy presentation
but there was one exception new CEOs
CEOs in the first year could get away
with using management speak perhaps
because they're given the benefit of the
doubt but if after one year they still
talked about Paradigm shifts and
low-hanging fruit and these type of
things then the stock market punished
them severely for it particularly in
times of uncertainty like shortly after
the 2008 crisis so be careful with using
medicine speaking strategy presentations
also investors don't like manage and
speak they like playing speak

---

### Marcel Olbert Talks About His Research on Global Tax Reform
URL: https://www.youtube.com/watch?v=wrwibkzjDf0

Idioma: en

[Music]
how to tax multinational companies is
the first order policy issue to ensure
that multinationals pay their fair share
worldwide more than 100 countries agreed
on a fundamental reform which includes a
global minimum tax rate of 15 percent
this was a historical political moment
in 2021 in our paper we studied investor
responses to this reforms announcement
to estimate the costs and benefits of
this new policy both for affected
companies and governments
we find that the stock market values of
affected U.S companies drop
significantly after the reform
announcement further we find that
investors have a more negative outlook
on the public finances of tax Haven
countries
so our results suggests that some
companies some multinational companies
will pay more taxes in the future and
reduce the use of tax Havens
we hope our results can inform
policymakers worldwide who are currently
introducing the specific reform elements
in their countries
but one important note given this reform
is so fresh and yet to be implemented
companies might change their Global
operations in response to the reform and
individual governments in individual
countries might change other policies to
attract corporate investment once
offering super low tax rates is not an
option anymore
so we should all be curious and stay
engaged with respect to the current
policy development I will certainly stay
tuned

---

### Xu Zhang Talks About Her Research on TV Advertising and Online Sales
URL: https://www.youtube.com/watch?v=ns_4I8IGg2Q

Idioma: en

[Music]
as consumers many of us increasingly use
multiple screens simultaneously at the
same time firms increasingly want to use
tv ads to direct us to their websites
for increased browsing and purchasing
then firms typically measure how much
online sales increase the following a TV
ad and they have consistently found a
positive effect
this is all great but as researchers
what we wonder is how long this positive
effect can last to find out we
collaborated with the online travel
agency and run a large field test in one
of the top 10 economies in the test TV
has were shown only to part of the
country while the others didn't see
anything we analyzed the data from
millions of consumers throughout the
country from both areas what we find is
TV advertising increased online sales
immediately significantly by 2 to 10
percent
however this in fact only lasted for
about an hour after that this effect
disappeared and sales even dropped
what this means is TV advertising
induced the online purchases immediately
after a TV ad
however much of this increase came from
consumers future planned purchases
this is what we call intertemporary
substitution because of this well your
data analytics company may tell you your
TV ad campaign is an immediate success
but be aware it is important to also
consider longer term effects as well as
the existence of inter-temporal
substitution

---

### Catherine Magelssen Talks About Strategic Assets and Innovation
URL: https://www.youtube.com/watch?v=Jdnv8X5DoDk

Idioma: en

foreign
[Music]
s often own what we call intangible
assets these are not machines or
buildings but intangible things such as
a brand name a particular formula some
sort of technological knowledge or
another piece of know-how
formally multinational firms have to
allocate the rights to their intangible
assets to a particular subsidiary within
their company for instance to a
subsidiary located in Germany Japan or
the United Kingdom
firms often choose to formally allocate
these property rights to one of their
subsidiaries in a country that has a
tax-friendly regime so they could pay
less tax on the income that their
intangible asset generates
in this research project I examined
whether the allocation of such property
rights has some very real consequences
namely whether it affects a subsidiaries
ability to innovate
for that I constructed a large database
with all the property rights of 78
multinational firms and about 50 000
patents that they generated which
measure their inventions
after I put all of this into a large
statistical model I discovered that
where in the multinational firm property
rights were formally allocated had some
very real consequences
subsidiaries that received property
rights to a particular intangible asset
were much more Innovative both in terms
of the number and the quality of their
inventions they generated 26 percent
more patents which had 44 percent more
impact they were also better able to
take advantage of new local market
opportunities that arose
hence what my research shows is that the
allocation of property rights within a
multinational firm is not just an
administrative issue
who formally owns the rights to a
particular intangible asset has some
very tangible consequences
therefore firms better think about it
strategically

---

### Alex Yang Talks About Using Crowd-Judging for Conflict Resolution
URL: https://www.youtube.com/watch?v=imdjZ8K469A

Idioma: en

[Music]
foreign
over the last two decades the world has
embraced a explosive growth of the
platform economy as this platform grow
we'll also see the number of conflict
and the dispute uh increasing increase
dramatically in response platforms has
experienced different Innovations in
this recent paper we're looking at one
type of such Innovation which we call
Crawl judging so under quad judging the
platforms are actually decentralize
their dispute resolution function by
asking users to act as jurors and
adjudicate dispute utilizing a large
data set from taobao which is a large
Chinese e-commerce platform we found
that Crow judging has dramatically
increased the resolution speed but more
importantly we found that it has kept
judging quality at a relatively high
level using in group bias that is a
biods vote more in favor of buyers than
salarys do which is a prevailing concern
among users and protection potentially
challenging the the future of crowd
judging we found that well in group bias
exist
its impact is actually diminishes very
very fast as these drawers become more
experienced using a simulation study we
found that in group bias affects no more
than two percent of case outcomes and
this number can be further reduced as we
more dynamically allocate cases among
jurors overall our study has shown that
crawl judging is a very promising
mechanism for a platform to manage their
dispute and the scope can be further
expanded

---

### Rachel Flam Talks About Her Research on Conference Call Participation
URL: https://www.youtube.com/watch?v=KlnwaTq5U7I

Idioma: en

foreign
[Music]
papers examines the representation of
ethnic minorities in the financial
analyst profession with this paper it's
an opportunity to look at not just
representation getting a job or entering
a profession but also ongoing throughout
working at that job and we find that
first minorities are underrepresented in
that profession so only one in five
Financial analysts is a ethnic minority
where that's much less diverse than the
population at large then we also look at
participation on earnings conference
calls which is an opportunity for
analysts to interact with managers sort
of build their personal brand and we
find that ethnic minorities are less
likely to participate on these calls
when they do participate they get less
time fewer questions and these outcomes
are particularly heightened when the
analyst belongs to maybe a less
prestigious bank or when there's more
time constraints on the call
and when we first made this paper public
and posted online we actually had a
large public company reach out to us and
ask if they could discuss the paper at a
town hall they were holding on diversity
and inclusion in their own company and
that's the kind of impact that we're
hoping to have to bring empirical
evidence to bear on these important
topics that will spur conversations and
actions that make real changes in the
world

---

### Freek Vermeulen Talks About His Research on Strategy Visualisation
URL: https://www.youtube.com/watch?v=o-HJt37u76E

Idioma: en

[Music]
communicating strategy is a little
different from other forms of
communication and that's because
strategy is really about explaining how
your decisions now are going to create
value in the future something we call
prospective sense making we collected a
database of about 650 strategy
presentations 2/3 of which were done
with the a of a visual and one3 without
a a PowerPoint and that's because we
wanted to measure does the stock market
respond positively to the use of a
visualization of strategy and we found
that on average it does in fact the
stock market responds 112% more
positively to a strategy presentation if
it was done with the aid of a visual but
not a visual in terms of some fancy
photographs of the CEO themselves or so
or even data visualization no what was
important is it that it contained a
framework multiple components of the
strategy with clear relationships
between these
components and that's because a
visualization in terms of a framework is
really an explication of someone's
thinking a mental model of the strategy
and the Frameworks helps to communicate
that mental model to others and
apparently that creates a lot of clarity
for investors but there was one caveat
namely for a small minority of companies
the stock market actually responded
extra negatively to a strategy
presentation if it contained a visual
framework and that's because Clarity can
also backfire apparently it made it
abundantly clear to investors uh that
this strategy was actually not a good
idea hence in your strategy presentation
it's important to include visualization
but not fancy photographs no it needs to
be conceptual Frameworks with clear
interrelationships between the
components that helps Cate Clarity for
your
audience

---

### Simona Botti Talks About Consumers and Artificial Intelligence
URL: https://www.youtube.com/watch?v=UkTFw1Nkuog

Idioma: en

AI enabled products promise to improve
consumer wellbeing to do so however the
design of AI Solutions cannot be based
only on internal considerations about
their efficiency and accuracy but also
on external considerations about the
value consumers derive from their
experiences with AI in this conceptual
paper we identify four types of consumer
experiences with AI which we call data
capture classification delegation and
social for each one of these experiences
we analyze the benefits enjoyed by
consumers but also the social and
psychological costs they incur as an
example let's consider the delegation
experience which refers to production
processes where the AI performs some
tasks on behalf of the consumers like
asking chat GPT to write an essay
consumers benefit from spending time in
other activities that more meaningful to
them but suffer from the feeling of not
being in control of the process outcome
the design of a Solutions should
therefore aim to protect consumer's
perception of personal control such as
the extent to which they make choices
and initiate actions when interacting
with AI more in general the main
takeaway of the paper is that
organization should incorporate
behavioral insight into technological
development if they want to enhance the
value they provide to Consumers and
therefore the value of their own
investments into
AI

---

### Optimising the Path Towards Plastic-Free Oceans
URL: https://www.youtube.com/watch?v=Ah1VzN3a2BE

Idioma: en

[Music]
just like carbon emissions sustain and
increasing plastic emissions are
irreversibly harming our
environment every year millions of tons
of new plastic are being emitted into
the ocean over the past 18 month we have
been collaborating with the Dutch NGO
the ocean cleanup they have developed a
system to intercept the plastic that is
floating in the sea and we've been
working together to increase the
efficiency of their capture specifically
we optimize the trajectory of their
plastic collection system in the ocean
and maximize the quantity of the plastic
collected over time by feeding ocean
data and the plastic dispersion models
into our algorithm we find that we could
increase their weekly collection by over
60% it's making the plastic capture
process more efficient and economically
viable we are looking forward to fully
integrate our algorithm into their daily
operations and more broadly we're
excited to use data analytics to help
clean and protect our
environment

---

### Arianna Marchetti Discusses How Humans and AI Can Work Together
URL: https://www.youtube.com/watch?v=F1VEF-qY910

Idioma: en

[Music]
companies today are exploring ways for
humans and AI to work together
especially in the context of decision
making one common approach is having
humans and AI specialize in what they do
best however this could lead to humans
losing skills and being permanently
replaced by AI in those subtasks that
they own over to the algorithm this is
because managerial skills like many
others are lost if they're not used in
our study we suggest a different
approach we propose an ensembled
solution where the human in the AI come
together and solve the same decision
problem and their predictions are then
aggregated to reach a final solution
this model ensures that human managers
remain competent at all aspects of the
decision-making process unlike other
Solutions explored so far we argue that
human and AI can be usefully assembled
to improve organizational decision-
making even when neither of them is very
accurate in making a prediction or is
clearly better than the other which is
often the case for managerial tasks
however for this teamwork to be
effective two conditions need to hold
first the human needs to have access to
Unique data that AI cannot access and
needs to be a better predictor than mer
chant and second the AI needs access to
enough data as well to be more accurate
than a random guess we also highlight
that both the human and the AI bring
something unique to The Ensemble that
helps improve the quality of the
decision making the human brings their
expert
intuition and get feeling to the table
while the AI contributes his ability to
Crunch large amounts of data efficiently
by estimating very complex functions
which is something humans cannot do we
believe this collaborative model can be
particularly useful in areas like hiring
resource allocation and choosing new
locations for business expansion which
all have potentially a lot of data
accessible to AI but also rely on uniqu
of data that all humans have our
approach aims not only to enhance
decision making but also to ensure that
human managers continue to play a
crucial role in
organizations

---

### Jean Pauphilet Talks About His Research on Analytics for Hospital Operations
URL: https://www.youtube.com/watch?v=6qda37yGuis

Idioma: en

[Music]
hospitals have been collecting a
gigantic amount of data about their
patients which they can now use to
improve their operations we have been
collaborating with several hospitals in
the US to develop predictive and
prescriptive analytics tools for patient
flow
management using Cutting Edge machine
learning techniques we are now able to
predict accurately various patient
outcomes such as lengths of stay or
future need for intensive care after
deploying these models on the floors
first in one hospital and now in seven
we already observe a benefit namely we
found that Simply Having more visibility
about their patients or units help
doctors and Hospital managers accelerate
admission and discharges but we can go
one step further we developed an
optimization algorithm that intakes all
the data about the hundreds of patients
that are physically in the hospital as
well as predictions on what might happen
in next hour or the next day and
dynamically allocates patients to bed
we find that this type of recommendation
engine could further reduce admission
delays by 10 to
20% with increasing needs and scarer
resources I'm excited to see how data
and optimization will shape the hospital
of the
future

---

### Florin Vasvari Discusses Whether the Private Equity Sector Is Good for the Planet
URL: https://www.youtube.com/watch?v=ODQHlLFwFtc

Idioma: en

[Music]
how do you tell if the private Equity
Fund sector a multi-trillion doll asset
class that is under lethal or no
obligation to offer any public
disclosure of its practices is good for
the planet its investors and or its
stakeholders how do you tell if the
environmental social and governance
information this industry does volunteer
to disclose is anything more than window
dressing
one way to answer these questions is to
look at the private Equity Funds
websites for what information they do
choose to disclose we take a large
sample of 5,500 firms and C their
websites published over a period of 20
years we show that a doubling of ESG
disclosures is associated with a 15%
faster fund raise and increases the
likelihood of attracting ESG focused
investors we find evidence that P FS
improve disclosures in the year leading
up to their next fundraising event when
prospective investors will be looking at
their websites but are private Equity
Funds merely talking the talk or are
their ESG disclosures reflected in
better portfolio company ESG
outcomes the answer by and large is yes
on environmental pollution for example
we find a strong association between the
extent of a p FS ESG website disclosures
and the environmental performance of be
portfolio company after investing in it
for social outcomes we leverage a data
set on workplace safety and document
that companies experience a significant
drop in safety inspections following
Investments by be funds with
disclosures lastly we assess the overall
ESG risk management and find that
portfolio companies experience a 14%
reduction in ESG related reputational
risks after Investments by pe funds with
high ESG disclosures compared to
companies acquired by P funds with low
ESG
disclosures by focusing on ESG
disclosures their determinants and
Associated investment outcomes in the P
industry our evidence feels a void in
existing research our findings are
economically important due to the sheer
size of the P Industries managed
capital

---

### Ussama Khan Describes How Environmental Changes Impact the Way People Work
URL: https://www.youtube.com/watch?v=1eK0W796myQ

Idioma: en

[Music]
in one stream of my research I explore
how climate change accelerated
environmental changes impact how people
work in one study we conducted in India
to explore how air pollution influences
leaders behaviors and Effectiveness
towards their followers so in this study
we serve both leaders and their
followers who work remotely for 10 days
we found that on days when the leader
experienced higher air pollution the
followers who were based in different
cities rated these same leaders as being
more abusive towards them and less
engaged this suggests that employees can
be harmed by pollution to which they are
not even directly exposed to in similar
projects my co-authors and I found that
experiencing High a pollution at work is
associated with greater work family
conflict at home and that being exposed
to higher temperatures also makes
leaders more abusive towards their
followers in some this body of work
shows that climate change influences
people's leadership and work in
surprising ways and that we need to be
more cognizant of these damaging
effects

---

### Henri Servaes Describes How ESG Strategies Can Improve Firm Performance
URL: https://www.youtube.com/watch?v=4XhxZtXVofQ

Idioma: en

[Music]
ESG has captured the attention of
Executives investors and policy makers
throughout the world from corporate
decision makers perspective an important
question is whether and how ESG
strategies can improve performance and
firm value is it that investors are
willing to accept lower Financial
returns because they feel good about
investing in high ESG stocks are
employees willing to work harder or for
less money in high ESG firms or are
consumers more likely to buy products
from high ESG firms because they value
these activities in our recent work my
quarters and I investigate the consumer
channel to do so we obtained detailed
data from neelsen at the product and
county level for a large number of
retailers in the United States and focus
on environmental and social efforts by
companies as such we will be able to
compare very similar products for
example tortilla chips sold in the same
county at the same point in time by
different companies with different
environmental and social efforts we have
three sets of
results first companies with higher
environmental and social activities
which we call ens activities have higher
sales in the subsequent year an effect
that is particularly strong in counties
with higher average incomes and where
more people vote for Democrats
suggesting that these are the
demographics most likely to respond to
corporate ens activities
sales are lower on the other hand if
rival firms in a specific County have
higher ens
activities and this entire effect is due
to quantity sold we do not find any
price differences between the product
sold by high ens and low ens
companies second negative ens news
affect subsequent sales for up to 6
months every negative news story that we
find reduces product sales by about 2%
in in the next 6
months third we also find that sales
become more sensitive to a firm's ens
ratings if a natural or environmental
disaster occurred within 500 miles of a
given County which suggests that
consumers pay more attention to
corporate ens ratings when the potential
negative consequences of these disasters
become more Salient and this effect only
lasts three quarters however overall her
work indicates that the consumer channel
is indeed an important contributor to
improved cash flows resulting from ens
efforts

---

### Nitish Jain Discusses Whether Human Experts Should Change AI Recommendations
URL: https://www.youtube.com/watch?v=0wEGHSu9hDE

Idioma: en

[Music]
should a firm allow its human experts to
change its AI system recommendations
it's a simple question but with not a
simple answer an emerging rule of thumb
is relying on algorithms in scenarios
where rich data consistently enables
algorithms to perform better than humans
for example when forecasting the demand
for old and mature
products in contrast drawing changes by
human experts can add value if they hold
a lot of private information that AI
systems cannot use for example in
forecasting the demand for new
products using demand forecasting data
from a large retailer we show FS can do
better than implementing different
strategies of this binary view that is
always accept or always reject the human
changes our approach Builds on the fact
that we humans often show predictable
biases when making decisions we use a
variety of bias predictors to train an
AI algorithm for evaluating the quality
of a human change we find a simple
strategy of only accepting a human
change when it is above a quality
threshold can improve forecast accuracy
by 14% in our retailers context our
research expands the binary approach of
always accepting or always rejecting
human changes to AI recommendations by
putting for forward a noral way to
evaluate the quality and in turn the
accept or reject decision for each
change
individually

---

### Nitish Jain Discusses Reducing Food Waste Through Better Measurement
URL: https://www.youtube.com/watch?v=J_TIJihKn7o

Idioma: en

[Music]
food waste is a gigantic crisis of our
times major food retailers have
committed to reducing waste by half by
2030 to address this crisis however
their waste reduction initiatives are
often constrained by the inability to
measure different waste types we address
this measurement challenge for a common
waste type imagine walking to a nearby
grocery store to buy strawberries on the
store yourself you find two packets one
expiring today and another expiring two
days later which packet will you buy
well to minimize expiration waste at a
stores the retailer will want you to
choose the sooner to expire packet over
the later to expire one but only some
consumers might make that choice a
methodology measures how much of the
expiration waste is due to this sooner
versus later tradeoff we showcase this
implementation
using over 1 million transactions from a
large food retailer we find that on
average a minimum of 23% of expiration
waste in its stoles can be attributed to
this tradeoff our research enables food
retailers to manage their waste
initiatives
better

---

### Dan Cable Discusses His Research on Improving Team Performance
URL: https://www.youtube.com/watch?v=wz9vMxmG9gA

Idioma: en

[Music]
lots of companies today are trying to
figure out ways to increase employee
productivity while not burning them out
I conducted some research on this with
my colleagues Laura gge at LSC and Pier
manucci at bonei we conducted field
experiments with two organizations ranad
that's an organization that matches
people with jobs they let us study about
400 employees upfield it's a spof from
Unilever they make margarine they also
let us study about 400 people now in
both companies we assigned one group of
employees to a pure control that just
completed surveys and another group was
assigned to a six-week intervention what
is that intervention one Monday they
spent 30 minutes just looking at the
week ahead in terms of what's urgent
like what do they need to get done and
what's important what's the best way to
use their skills to add the most value
to the organization and then for the
Tuesday the Wednesday the Thursday and
the Friday of that week they put two
hours in their schedule to work on those
important things and during this time
they're saying no to meetings they're
shutting off emails they don't take
calls there's no texts there's no
WhatsApp they just do their deep work we
do this for six weeks just like this and
in both organizations we learned that
while productivity went up burnout went
down at upfield we learned this from
people's self-reported productivity that
signific ific L increased while burnout
decreased just a little bit we confirm
this at ronad with objective company
data this is net profit per full-time
equivalent and it increased about 25%
while absenteeism during that period
went down about 30% what this means is
that without increasing payroll or doing
major organizational restructuring
leaders can allow employees to find ways
to use their signature strengths to feel
better about their work while
accomplishing more

---

### Randall Peterson Discusses Why the Blame Game Damages Team Performance
URL: https://www.youtube.com/watch?v=-AeG8t5owIA

Idioma: en

[Music]
conflict in the form of exchange of
ideas and information what researchers
call task conflict or is sometimes
called debate or discussion is essential
for teams to achieve high potential
after all that's the exact point of a
high performance team to outperform the
individuals within the team so that
everybody wins by being a part of the
team unfortunately we've all experienced
where exchange of ideas and a team slips
into something from being task related
and starts to turn into negative affect
I Hate You This is distracting from the
task at hand and leads to unproductive
behavior in teams or does it my research
shows that personal disliking or
relationship conflict does not predict
poor performance in teams rather what we
show is that when a team performs poorly
we start to blame each other for the
team failure in other words the cause
and effective relationship conflict and
poor team performance runs the opposite
way to what most people expect the real
CA cause of poor performance in teams is
coordination or trouble coordinating the
team's resources for example when you
ask me to do something for the team and
I do it badly is this my fault for not
following instructions or your fault for
giving me poor instructions the truth is
that it's both our fault it's a group
level problem rather than a oneperson
problem the communication failed however
we love to blame each other and when the
other person does not accept the blame
we assign to them we start to dislike
them so what this means is that we can
intervene to focus the group on
communication rather than blaming each
other and in a recent paper we show that
when there are observers in the group
who are not a part of the argument
versus when everybody has a position
having that neutral person makes it more
likely someone will focus the group on
communication rather than blame
resulting in significantly better team
performance so the main message of my
research is to resist the urge to hold
individuals to account when the team
fails instead focus on how the team is
working together and equally importantly
not to over focus on the relationship
between teammates who dislike each other
if you can get the team functioning well
with some positive feedback the negative
relationships are likely to improve as
well

---

### Donal Crilly Discusses Patience and Investing in Social Enterprise
URL: https://www.youtube.com/watch?v=O7CJ2SFTY6Q

Idioma: en

[Music]
investors in Social Enterprises seek
Financial gains and societal betterment
now research confirms a deep-seated
human tendency to favor immediate
rewards over delayed ones but what we
don't know is whether people are just as
impatient for societal benefits like
cleaner air in the future that's the
question we address in our first study
we analyze crowdfunding data emphasizing
long-term Financial returns rather than
immediate rewards led to less funding
but remarkably highlighting long-term
societal benefits didn't have the same
drawback except when those benefits were
framed as ambitious do good goals for
improving Society rather than more
modest goals into experiments we
confirmed that investors were more
patient for societal benefits than
personal gains but again promising far
off ambitious societal benefits detered
investors they perceive these kinds of
societal benefits as taking even longer
to achieve than entrepreneurs forecast
for social entrepreneurs remember it's
not just Financial returns that are
discounted future societal benefits are
discounted too the more ambitious your
societal goals the more critical it is
to convey a path to achievement in the
near-
term otherwise investor patients wears
thin

---

### Isabel Fernandez-Mateo Discusses if Moving Internationally Is Beneficial for Career Progress
URL: https://www.youtube.com/watch?v=wI5Mm3MMt-E

Idioma: en

[Music]
one of the questions that I am asked
most often by aspiring Executives is
whether moving internationally will be
beneficial or detrimental for their
career progress particularly in terms of
financial
compensation moving abroad can offer
excitement and personal growth but it
also presents significant challenges
like adapting to new cultures and
establishing oneself professionally in
unfamiliar
environments our recent provides some
insight into this question we collected
and analyzed data on the career
histories of more than 1,000 NBA
graduates and we track their
International moves and compensation
changes over the years we found that
initially those who Moved
internationally once or twice after
their MBA so less pay growth compared to
their non-mobile
peers this contradicts the common belief
that broer experience guarantees higher
pay while enriching in other ways early
International moves could be financially
challenging but there is a twist for
those who continued moving the super
globals who made more than four
International moves s significant
financial
gains our interviews with these
professionals revealed that they
accumulate exceptional Global Knowledge
and Skills making them highly valued and
giving them a strong leverage in
executive roles their extensive Global
Experience places them in a unique Elite
Class in the Global Talent Market
in conclusion our study suggest that if
compensation is your primary goal in
building an international career it
requires strategic planning and a
long-term Vision the financial benefits
truly materialize only after developing
a unique Global Perspective through
multiple International
experiences however we also find that
the Journey of global Mobility is about
more than money it is a path that leads
to Unique life experiences personal
growth and and in some cases significant
financial
gains

---

### Bukky Oyedeji Discusses How Office Layouts Affect Productivity
URL: https://www.youtube.com/watch?v=gb2KgJs07c8

Idioma: en

[Music]
so covid happened and remote work became
a thing many companies are making
changes to their offices to accommodate
these new ways of working but even
before the pandemic we wanted to know
how changes in spatial layouts affect
work teams and their productivity we
analyzed the company's data two years
before they moved to a new office and
two years after we found that even
though the work teams and the company's
strategy remained the same team
productivity went down massively and
continued to do so for two years thereby
affecting the company's overall
performance both the old office and the
new office were open plan and the new
office was more beautiful we used some
quantitative architectural methods to
compare their floor plans we found that
how various parts of the floor plan
connect to each other created more
distraction for teams in the new
building this reduction was even higher
when the teams worked on complex tasks
so even as managers are making changes
to their offices they need to make sure
that the new layout supports the nature
of work that goes on in their companies
because clearly All That Glitters Is Not
Gold

---

### Minseo Baek Discusses How New Recruits Can Establish Themselves in Fluid Organisations
URL: https://www.youtube.com/watch?v=PFKIIud3fQw

Idioma: en

[Music]
when you entrance join an organization
their initial adjustment process was
historically Guided by one manager but
now they are required to move around to
different project teams and work with
many different managers at the same time
when new employees La a formal structure
and manager to guide them how do they
get on boarded and establish their
career
successfully is this going to be equally
challenging for everyone
my research highlights The Dilemma a
fluid organization structure creates for
junior attorneys when managing work
requests from many partners on one hand
they were under extreme pressure to
solicit and accept requests to secure
enough streams of work and establish a
good reputation yet taking every request
put them at risk of overwhelming
workflows and deteriorating work quality
interestingly their approaches to this
dilemma are closely related to their
social background ground with most first
generation college graduates taking less
effective
approaches they were more likely to
either say yes to all and get really
overwhelmed or struggle to Source work
in the first place by helping
organizations recognize the challenges
that Juniors face in establishing
themselves in fluid organizational
settings and pay closer attention to
employees diverse backgrounds this study
can help organizations in their efforts
to help all employees
thrive

---

### Bryan Stroube Discusses Whether Female-Lead Films Face More Polarised Ratings
URL: https://www.youtube.com/watch?v=V8uXEVlelOU

Idioma: en

[Music]
there is significant research suggesting
various types of evaluators on average
make associations between gender and
quality but little is known about the
level of consensus in such quality
evaluations in this paper we examine
more than 380 million consumer reviews
of widely released films from the last
few decades we find there is less
agreement on the quality of female lead
films compared to male lead films this
effect stems in part from male audiences
being more negative about female lead
films but also disagreeing more on their
quality we find similar results using an
experiment with AI generated movie plots
and randomly assigned actor gender these
findings mean that if you compare two
movies with the same average rating one
male lead and one female lead the female
lead movie will have more people that
dislike it but also more people that
love it we think this lack of consensus
is one explanation for why independent
Studios who are more flexible appear to
do better at the box office with female
lead movies and have been increasing
their production of them over time this
research is a helpful reminder that it's
important to look Beyond
averages

---

### Dafna Goor Discusses Why Consumers May Choose Conventional Products over Greener Alternatives
URL: https://www.youtube.com/watch?v=GNXdqIIoeFU

Idioma: en

[Music]
companies today provide more
environmentally friendly options to
choose from than ever this is in part a
result of a growing demand for
eco-friendly products in fact most of us
would say that we prefer the sustainable
option so why do some of us still choose
standard conventional products Over The
Greener Alternatives there are multiple
drivers that would explain this
intention Behavior Gap
like economic incentives uncertainty and
intertemporal choices and social norms
in my research I find another important
predictor of eco-friendly Behavior
effort after we exert effort we feel
more deserving of rewards and high
quality products since we tend to
perceive eco-friendly products as lower
quality physical or even cognitive
effort leads us to choose the less
eco-friendly options which we perceived
as higher
quality for example in one experiment we
find that before working out at a gym
people choose eco-friendly straws for
their smoothie but after workout they
are more likely to choose a plastic
straw we also find that difficult tasks
make students feel less likely to choose
sustainable products compared to easy
tasks and looking at data from a large
e-commerce platform as well as
controlled online experiments we find
that consumer ERS buy more eco-friendly
products in the morning compared to the
evening after their effortful day of
work this Behavior will change when
consumers prioritize gentle or organic
product features for example baby soap
to increase the effectiveness of
marketing efforts on eco-friendly
consumption marketers may consider
targeting consumers early in the day or
in settings where they feel more
comfortable and
relaxed

---

### Dafna Goor Talks About the Emerging Phenomenon of Using Secrets in Marketing
URL: https://www.youtube.com/watch?v=Qa5bA5HTv3Y

Idioma: en

[Music]
the marketing and consumption of secret
product and experiences has become an
emerging cultural phenomenon restaurants
and fast food chains offer secret menu
items and hidden shops and speaky bars
have camouflaged entrances and secret
passcodes paradoxically these product
offerings are often hidden in plain
sight and can even become famous for
being secrets like In-N-Out secret
animal
fries in our research we identify
product features and elements that
marketers can use to design secretive
experiences and demonstrate that secrets
in marketing have a positive impact on
Word of Mouth and purchase behavior on
one hand marketing Secrets make us
feeling the no like we are insiders that
are part of an exclusive Club on the
other hand they allow us to be inclusive
and share this information with others
this way marketing Secrets possess not
only an experiential value of Discovery
but also a very strong social value we
find that the ability to connect with
others in our Network makes consumers
share secret information about basic
products and places that will otherwise
not be the topic of a conversation this
is not the same as feeling powerful or
high status it is more about feeling you
belong therefore unlike high-end product
and luxury brands that can make some
people feel excluded secret marketing
information allows a sense of
exclusiveness and inclusiveness to
coexist

---

### Emre Ozdenoren Discusses His Research on the Design of Central Bank Digital Currencies (CBDCs)
URL: https://www.youtube.com/watch?v=2rNOVLabfNc

Idioma: en

[Music]
recently I have been working on the
design of Central Bank digital
currencies also known as
cbdcs first what is a cbdc well cbdc is
simply digital money issued by a central
bank many central banks including Bank
of England have plans to issue their own
cbdcs why is the topic important because
development of C cbdcs is not a trivial
undertaking there are infrastructure
costs cyber security risks and potential
disruptions to the existing Financial
system so why do we need a cbdc given
that there are numerous efficient
private solutions for digital payments
such as credit cards or Bank transfers
to answer this question in new research
my collaborators and I have highlighted
a potential benefit that is unique to
cbdcs and have been overlooked in the
cbdc design
deliberation because cbdc can be
programmable contingent contracts can be
written on it and the execution of these
contracts can be
automated when contract compatible cbdc
is not only a digital payment
alternative but can also lower the cost
of financial
services additionally because cbdc is
backed by a central bank it can be used
as a safe asset to lower information
friction in the economy helping to raise
more funding and lower the volatility of
asset prices therefore the broad message
from our work is that it is important to
include in the design of a cbdc the
option of contract compatibility

---

### Herminia Ibarra Talks About Her Research on Career Changes
URL: https://www.youtube.com/watch?v=FzIpyLpVDcM

Idioma: en

[Music]
one of the things I research and teach
about is how people make career changes
from midlife onwards a big pull factor
for exploring new kinds of work or ways
of working is that we're living longer
than ever and extending our healthy
lifespans people want to do things that
are meaningful to them with those extra
years and they also want to build
sustainable careers that will allow them
to stay the course
not just being productive but also happy
healthy and growing these opportunities
afforded by our longer lives also come
with challenges technology is changing
the workplace at a rapid pace and
careers are being disrupted by waves of
corporate transformation and
restructuring so we all need to learn to
be more adaptable and resilient and to
build the new competencies and networks
that allow us to stay agile I study how
people do this by interviewing them in
depth over time in order to see what
they struggle with and how they resolve
the difficulties that inevitably arise
this is also the topic of a new online
course I teach at London Business School
on navigating career transition at
midcareer and Beyond whether that's due
to having to decide on New Opportunities
dealing with job loss or planning for an
unconventional retirement teaching this
course has been very rewarding
participants say that they really
appreciate having a structure and a
framework to guide them and also Kindred
Spirits with them to share what can
otherwise be a lonely experience

---

### Alex Yang Discusses His Research on Dynamic Trade Finance
URL: https://www.youtube.com/watch?v=ZqDJtsfapJk

Idioma: en

[Music]
Bank intermediated trade Finance
supports over 30% of global trade yet it
faces challenges like high regulatory
Capital requirements and severe
information symmetries in this research
we propose a novel trade Finance
solution which we call Dynamic trade
Finance to overcome this challenges and
reduce the financing cost for businesses
unlike traditional models we a constant
interest rate applies throughout the
trade process under Dynamic trade
Finance interest rates are dynamically
adjusted according to the changes of
risk profiles as the order passes
through important milestones we show
that this Innovative contract not only
reduces the deway lost but also
effectively differentiate between high
and low quality borrowers moreover we
explore the complex interplay between
Financial Technologies and contractual
innovation
Technologies like blockchain and smart
contracts which expedite information
verification and enable automatic
execution complement Dynamic trade
Finance in contrast Technologies such as
Advanced Data analysis which improve
customer segmentation might partially
substitute it together these fundings
underscore the significance potential of
integrating Financial Innovation with
technology to Better In enable global
trade

---

### Alex Yang Talks About His Research on Platform Tokenisation
URL: https://www.youtube.com/watch?v=7JGxm0JLjqw

Idioma: en

[Music]
the last decade or so has witnessed an
unprecedented proliferation of the
platform business model digital
matchmakers like Amazon Uber and Airbnb
have gained control over a significant
share of global economic activities such
dominance has also caused a lot of
controversies from squeezing users with
high commissions to high-profile
antitrust investigations motivate by the
development of blockchain Technology we
introduce the concept of platform
tokenization where platforms issue their
own digital currencies or tokens to
overcome some major challenges in
traditional centralized platforms one of
our key findings is that when structured
properly raising Capital through
tokenization can better align incentives
between different stakeholders and
reduce moral hazard furthermore
decentralized governance which is
enabled by blockchain helps eliminate
potential conflicts by Distributing
control among all token holders in some
our research suggests that platform
tokenization offers a alternative way to
finance and govern digital platforms
when carefully employed it could have
profound implications for future digital
economies

---

### Exploring GenAI's Impact on Industry Transformation and Private Equity | LBS Experts Discuss
URL: https://www.youtube.com/watch?v=pXbPVDg759Y

Idioma: en

[Music]
hello I'm Michael jacobas the sidonald
Gordon professor of Entrepreneurship and
Innovation and professor of strategy at
London Business School and Lead adviser
at Evolution limited and I'm joined here
by Yuri romanenkov who is the academic
director of our next Generation digital
strategies program at lbs and a senior
advisor at Evolution limited and we're
speaking about this impact of gen and
private Equity Michael everyone's
talking about gen what is different
about this work this work is trying to
go beyond the use cases which is what
everyone has looked at and to consider
whether the hype is Justified or not so
we're looking not only at how people are
employing geni but also what are the
expectations for industry transformation
and the most interesting findings come
from figuring out where we're going to
see impact then we not and it's not
going to be the same in Industries it
also varies by business models and we
get some cool data in terms of how
organizations differ in their ability of
responding to gen one of the main
observations there relates to corporate
inequalities widening potentially as a
result of this what explains that and
how do we think about it generally
Technologies digital Technologies
amplify the inequalities they give the
possibility to some firms to scale up
and uh get a bigger part of the market
share but here what we see is that they
also get new attributes that are
important in success so things like
proprietary data become very important
if you have proprietary data then you
can leverage uh the new technologies and
what geni does and helping you
understand what the patterns are and you
are able to find new ways of serving
your customers or even expand beyond the
offerings
uh that you get so we see that there's
going to be winners are those who will
get the information infrastructure as
well as be able to embed uh the results
of what gen tells you in their own
operations so let's go a little bit at
the firms that report that they have
seen transformative impact around 22% in
our sample uh say they've seen it what
explains that one of the things that we
find about these 22% of firms is that
they go beyond the obvious they don't
just focus on the the easier more
modular cost of productivity initiatives
that are easy for everyone to replicate
but they go beyond that they look to gen
for potential for new business models
they look to gen for a step change in
customer engagement and we find that the
proportion of firms experimenting with
these different value levers is
considerably higher amongst companies
that experience high impact than those
that experience low impact that said
though Michael what do you think what is
it that ultimately gives you the right
to win in there what does it take to be
able to deliver on gen at scale the
funny thing is that the answer is not
technological uh what you need to do is
to first of all embed gen we see that
companies that are successful are not
the ones that just try everything and
they are broad but they are deep that
they are consistent in the way that they
use gen and that they ensure that they
do that regularly and in particular
those that for the more sensitive parts
of their Organization for operations and
for um uh the way that they engage with
the customers uh employ gen it also is
important uh to see that those that win
are those that look at the
implementation of gen I and the
engagement not only of Technology but
also of the changes in strategy and the
changes organization that are going to
make a difference so once again it has
much more to do with you're having a
strategic take than thinking about
technology and hoping that technology
will lift all boats and will yield
dividends so let's look at private
Equity what does it mean for private
Equity investors it's interesting
because I think it means means a number
of different things for different
private Equity players if you're a large
cap buyout investor and you were
generally
historically concerned about changes in
business models then the disruption of
Industries and this this redistribution
of economic profit that you just
described is potentially very alarming
news so they need to build a profound
view of their own of what geni means for
the industries they're looking at for
growth investors who who look at
companies at slightly earlier stages in
their development that's actually
excellent news because they may place
bets on the winners and not the losers
and look at the capabilities and look at
the value levers in a way that can um
can capture value for them and their LPS
But ultimately when we think about it
practically they need a a new way of
doing due diligence on these companies
they need to make sure that they look
outside in they really understand how
technology links to these value levers
that we were talking about and for their
portfolio companies how they engage with
with the management teams there they
need to really work with them to help
them build the right capabilities that
these companies need to make the most
out of this this really exciting
technological Revolution so many ways

---

### How corporate structure affects environmental and social accountability
URL: https://www.youtube.com/watch?v=qGkgPsPAD48

Idioma: en

[Music]
how do large corporations approach
sustainability reporting and what
happens when corporate structure affects
environmental and social accountability
our recent research reveals an
intriguing pattern in how different
types of companies approach
sustainability claims and actions while
regulators and stakeholders increasingly
scrutinize corporate environmental and
social claims we have discovered that a
specific type of company shows a unique
pattern in sustainab will reporting the
Apex firms of business groups but what
exactly are business groups think of
them as corporate webs where multiple
companies are interconnected through
ownership and social ties operating
across a variety of different Industries
these groups are incredibly important
they dominate economies from India to
South Korea from Turkey to Chile at the
top of each group sits what we call an
apex firm coordinating the entire ire
Network in our study of 515 companies
across 35 countries we found something
striking these Apex firms talk about
sustainability just as much as their
Affiliated companies but they actually
do much less even more interesting when
these Apex firms share a brand name with
their Affiliates they Implement even
fewer concrete sustainability actions
here's the surprising part the market
seems okay with this behavor Behavior
while other companies typically get
punished for similar practices Apex
firms largely Escape criticism why our
research suggests that Within These
business groups there is an Unwritten
division of labor Apex firms act as the
communicators broadcasting the group's
green and social initiatives while their
Affiliated companies serve as the
implementers doing the actual work these
creates a unique form of green washing
that flies under the radar the Apex
firms essentially get to claim credit
for sustainability efforts without fully
making substantial contributions
themselves they're riding the Green Wave
without getting their feet fully wet but
there's a catch while this might work in
the short term it is a risky strategy as
stakeholder expectations evolve and
scrutiny intensified this disconnect
between words and actions could backfire
potentially damaging not just the Apex
firm itself but the entire business
group's
reputation our findings raise important
questions about accountability
incorporate sustainability in a world
where green and social credentials are
increasingly crucial should we accept
this division of labor or should we
demand more from the companies that sit
at the top of these powerful business
groups
[Music]

---

### [Deleted video]
URL: https://www.youtube.com/watch?v=9yXI8RfsoVY

Transcrição não disponível

---

### Can machine learning predict the market?
URL: https://www.youtube.com/watch?v=0-yZiSGnBrk

Idioma: en

can machine learning reveal which mutual
funds Will outperform the Market this is
an important question because mutual
funds are one of the most common
investment vehicles chances are most
people invest directly or indirectly in
a mutual fund at some point in their
lives and there are two types of mutual
funds passive which just track The
Benchmark index and active which try to
bat the
index what Financial research has shown
for decades is that active mutual funds
on average and they perform their
benchmarks after fees so overall active
mutual funds do not seem like a good
investment moreover although research
has shown that a small fraction of
mutual funds outperform the index it is
very difficult to identify which funds
will outperform the index in the future
for instance if you just look at which
fanss have outperformed the index in the
past year they typically do not perform
well in the
future what we do in this paper is
instead of just looking at past
performance we look at past performance
and 16 other characteristics of mutual
funds and we show that using a
traditional linear model helps you to
identify fanss that outperform the index
but not significantly however using
machine learning models that exploit non
ilarities and interactions we can build
a portfolio of actively managed mutual
funds that significantly outperforms The
Benchmark moreover we look under the
hood to understand why machine learning
can help to select mutual funds and what
we find is that it's not enough for a
mutual fund to have had good pass
performance in order for it to also have
good future performance instead it is
only the fans that both had good past
performance and were very active in
their investments in the past that will
also have good performance in the future
an implication of our research is that
there is hope for active fund management
this is important because active funds
help with price Discovery and thus help
to make financial markets more efficient

---

### Do companies adapt when exposed to the physical impacts of climate change?
URL: https://www.youtube.com/watch?v=rItYqMGajFM

Idioma: en

do companies adapt to exposure to
physical impact of climate change such
as sea level rise extreme heat and
Wildfire if yes
how from American utilities to
Australian Builders and from Asian
manufacturers to European wine makers
companies face increasing exposure to
the physical effects of climate change
extreme weather events such as wildfire
and floods damage properties and disrupt
operations
more gradual changes such as water and
heat stress threaten to restrict access
to needed resources and cause
productivity losses facing increasing
physical exposures to climate change it
is critical for firms to adapt address
its consequences extend management
literature on climate change has
primarily focused on firm's mitigation
strategies that decreases firm's impact
on the environment climate change
adaptation strategies that firms pursue
to address the impact of the changing
environment a less well
understood this study exam is whether
and how firms adapt to physical climate
risks I collect and use climate science
data based on geospatial historical and
projection models to measure firm's
physical climate risks to measure firm's
adaptation strategies at hand Cod the
climate disclosure attacks that publicly
traded companies reported with
CDP the empirical results show that the
average rate of adaptation across all
firms and different types of climate
risks is only
23% firms are sensitive to the nature
and level of climate risks adapting more
often and more completely to those most
salent to their businesses turning to
the mechanism I find that higher levels
of climate exposures increas firms
perceived impact of climate change
thereby increasing firm's adaptation
efforts furthermore the positive
relationship between firms forecasted
climate exposure and their adaptation is
stronger for firms with greater ESG
capabilities and longer time
Horizons the study has both policy and
managerial
implications understanding whether and
how firms adapt to climate risks can
help regulators and investors decide
whether interventions adaptations are
needed and if so what the scope of those
policies should be although adaptation
is affected by the level of climate
exposures it is also influenced by many
other factors such as firms ESG
capabilities and its time Horizon do
interventions that improve firm's
adaptive capabilities and increase their
time Horizons can be considered the
comprehensive measures of different
adaptation strategies discussed in the
study can also be informative for
managers seeking to identify best
practices or to compare their own risk
management policies with those of their
peers and competitors

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