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Authors,
please upload your paper here. |
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NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC. |
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Pre-Conference
on Ethics in Business |
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October
22, 2010 |
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Luigi
Zingales and James Poterba,
Organizers |
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Boston Harbor Hotel, 70 Rowes Wharf, Boston, MA 02110 |
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PROGRAM |
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8:15 - 8:45 |
Continental Breakfast |
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8:45 - 9:00 |
Opening Remarks |
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9:00 - 10:30 |
What is the Value of an Ethical Code
for Business? |
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What
is the value of an ethical code for each business enterprise? Does it help corporate reputation? How can
it be established and implemented? Is the value for the business community
different from the value for a single enterprise? Can an ethical code be taught in business
schools? |
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Chair: Robert Gibbons, MIT and NBER |
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Background
Presentation: |
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Efraim Benmelech,
Harvard University and NBER and Carola Frydman, MIT and NBER |
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Respondents: |
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Ben Heineman, Harvard University (background
material) |
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Rebecca
Henderson, Harvard University and NBER
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10:30 - 11:00 |
Break |
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11:00 - 12:30 |
The Grey Boundaries of Ethical
Behavior |
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Is
there an objective way to determine what constitutes ethical behavior? Can we
create ethical guidelines? What are
the advantages and disadvantages of delegating the creation of such guidelines
to various organizations? |
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Chair: Mark Roe, Harvard University |
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Summary
of Issues: Eric Sirri,
Babson College |
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Respondent: |
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Kent
Daniel, Columbia University and NBER |
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12:30 - 1:30 |
Working Lunch |
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Presentation:
Adam Galinsky, Northwestern University |
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1:30 - 3:00 |
Ethical Considerations and Value
Maximization: Conflicting or Coincident? |
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Is
there a conflict between shareholder value maximization and ethical behavior?
If there is a conflict, how do companies choose between the two? |
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Chair:
Michael Jensen, Harvard University and NBER (background material
one,
two, and
three) |
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Summary
of Issues: Luigi Zingales,
University of Chicago and NBER |
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Respondents: |
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Oliver
Hart, Harvard University and NBER |
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John
Biggs, TIAA-CREF |
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3:00 - 3:15 |
Break |
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3:15 - 4:30 |
Business Ethics in a Global
Corporate Environment |
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Multinational
firms are confronted with different legal and ethical standards. Is there a
cost or a benefit to applying the same moral standards in all countries? How
do companies resolve this conflict? |
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Chair: Richard Cavanaugh, Harvard University |
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Background
Presentation: Jonathan Karpoff, University of
Washington |
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Respondents: |
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David
Baron, Stanford University |
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Franco Bernabè, Telecom Italia |
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4:30 |
Adjourn |