I study the dynamic implications of climate policy and stranded assets risk on macroeconomic outcomes and asset prices. Using a general-equilibrium resource extraction model, I show that the anticipation of climate-policy action, which will restrict future fossil fuel use and is amplified by...

One of the greatest challenges for sustainable business models is achieving a scale of operations that is adequate to meet the quantity and depth of needs in their markets. In this paper, we examine scaling of sustainable business models at the base of the pyramid (BOP). Using within- and...

Stakeholders hold power because they hold resources essential to firm survival. Through their exercise of this power, they produce, or not, change in business practices. The social movements of united individuals, as well as the nonmarket strategies of firms and industries designed to forestall...

In this paper, we explain why firms selectively responding to the most powerful, legitimate, and urgent demands of their stakeholders will not bring about sustainability and offer suggestions on what we should do in light of this shortcoming. Sustainability issues tend to be wicked problems that...

In March of 2003, the publishers of two books with contrasting perspectives sponsored a public debate about the contents of these books, and the larger issues involved. The lead authors of each of the books participated in the debate: Chad Holliday, Chairman and Chief Executive Officer (CEO) of...

While firms have increasingly adopted environmentally and socially sustainablemanagement strategies, little is known about how these organizations react duringtimes of economic constraint. On the one hand, conventional wisdom suggests thatfirms' sustainability strategy would be de-emphasized....

Crises are situations that threaten organizations' continued existence. Organizations encounter crises largely because they did not adapt sufficiently to changes in their social or technological environments. When organizations do face crises, their responses have a series of phases. At first,...

Mahalo is a Hawaiian word connoting gratitude, admiration, praise, esteem, and respect. Management scholars should be full of mahalo for each other, because we share exceptional educations and opportunities to think, write, and teach about organizations and management. Mahalo was the theme of...