Five IESE-Led Research Projects Awarded STI Grants

05 Nov 2020

STI has awarded grants to five research projects to be led by IESE professors during the 2020-21 academic year. The selection was the fruit of the first annual joint STI-IESE call for proposals.

The Social Trends Institute and IESE Business School signed an agreement in June 2018 pledging their cooperation to further their individual and shared objectives.  Among the latter is the promotion and dissemination of cutting-edge academic research. STI is specifically concerned with work that sheds light on globally significant social trends.

To this end, STI invites IESE faculty to submit grant requests for research projects that address such trends with an international scope. With the help of IESE’s Research Division, STI chose five highly promising projects that meet those criteria. The Social Trends Institute is thus pleased to announce its financial and institutional support of the following projects to be led this academic year by IESE faculty (in alphabetical order by lead researcher):

Fabrizio Ferraro, Professor and Head of the Strategic Management Department, will lead the “Organizational Culture and Political Ideology in the Sustainability Transition” project in order to explore the relationship between political ideology, organizational culture and corporate social performance. IESE team members Ludovica Castiglia (an MRM student) and Andrea Cavicchini, a PhD candidate, will work with Professor Ferraro. The study will examine how these issues affect corporate environmental performance as well as carbon emissions, the perception of economic, race and gender inequality, and how ideology and culture affect corporate innovation. The study aims to shed light on how corporations can best navigate the sustainability transition and better address societal expectations regarding social and environmental issues.

Jeroen Neckebrouck, Assistant Professor of Entrepreneurship, will carry out a study on “The short- and long-term impact of Covid-19 on the psychological well-being of employees”, with the support of IESE-team-members Sebastian Reiche – Professor and Head of the Managing People in Organizations Department – and Anneloes Raes – Associate Professor of Managing People in Organizations. The abrupt, widespread uptake of remote work provides a unique opportunity to investigate the implications of changes in routine on employees’ state of mind. The project will seek to pin down best practices for employees themselves as well as for employers to mitigate job burnout and increase job satisfaction.

Stefano Sacchetto, Associate Professor of Financial Management, will lead “Business in the Time of Covid: The Effect of Pandemics on Corporate Investment, Governance, Financing, and Stock Returns”. Professor Sacchetto will work with IESE Assistant Professor of Financial Management Valentina Raponi as well as with Professor Theodosios Dimopoulos from the University of Lausanne, Switzerland, and Professor Lea Petrella from the Sapienza University of Rome. The project will consider the wide variation in pandemic-related outcomes between and even within sectors in order to generate a model to predict optimal response in terms of investments, employment policies and financing, among other issues.

Sampsa Samila, Associate Professor of Strategic Management, has received the grant for the “The Future of Work: COVID-19 and Remote Work” project, for which he will count on the help of Bledi Taska, Chief Economist at Burning Glass Technologies in Boston, Massachusetts. Professor Samila will investigate remote work at the level of individual jobs, and explore how the potential productivity gains and real estate savings can be allocated between employers and employees.

Finally, Albert Valentí, Assistant Professor of Marketing, was awarded support for a study on “The Impact of COVID-19 on Consumer Shopping Habits”, with IESE team-member Victor Martínez de Albéniz, Professor of Production, Technology and Operations Management. The project will quantify changes in specific shopping habits in specific places and times, under the different stages of COVID-19-realted restrictions, in order to inform business decisions for the “new normal.”

The Social Trends Institute is proud to support scholarship that will undoubtedly make a valuable contribution to STI’s foundational goal of fostering understanding of issues that impact individuals and society. Congratulations to all the grant recipients!