Caroline Flammer


	Caroline Flammer Associate Professor of Strategy & Innovation Dean’s Research Scholar Fellow of the Susilo Institute
	Academic Director, Social Impact MBA Academic Director, Minor in Sustainable Energy (BU-wide program) PhD Coordinator, Strategy & Innovation Associate Editor, Strategic Management Journal Associate Editor, Management Science (SI: Business and Climate Change) Chair, United Nations’ PRI Academic Advisory Committee
	Curriculum Vitae, Bio Google Scholar Page, BU Faculty Page Email: cflammer@bu.edu

Publications:

Flammer C. 2020. Corporate Green Bonds, Journal of Financial Economics, forthcoming.

Winner of the 2018 PGGM Sustainable Asset Pricing and Impact Paper Award.
Winner of the 2018 Sustainable Finance Geneva Innovation Award.

Flammer C. 2020. Green Bonds: Effectiveness and Implications for Public Policy, In Kotchen M, Stock JH, Wolfram C, eds.
NBER Environmental and Energy Policy and the Economy. University of Chicago Press: Chicago, IL.
Flammer C, Kacperczyk AJ. 2019. Corporate Social Responsibility as a Defense against Knowledge Spillovers: Evidence from the Inevitable Disclosure Doctrine, Strategic Management Journal, 40(8): 1243-1267.

Selected for Best Paper Proceedings, Academy of Management, BPS Division (2016).

Flammer C, Hong B, Minor DB. 2019. Corporate Governance and the Rise of Integrating Corporate Social Responsibility Criteria in Executive Compensation: Effectiveness and Implications for Firm Outcomes, Strategic Management Journal, 40(7): 1097-1122.

Winner of the 2017 Moskowitz Prize for Best Paper in Sustainable and Responsible Investing (press release, video).
Winner of the 2017 Fiegenbaum Best Paper Award.
Winner of the 2017 Distinguished Paper Award of the BPS Division of the Academy of Management.
Second Prize 2017 Investment for Impact Research Prize.
Honorable Mention 2017 Investor Responsibility Research Center (IRRC) Institute Research Award.
Selected for Best Paper Proceedings, Academy of Management, BPS Division (2017).

Flammer C. 2018. Competing for Government Procurement Contracts: The Role of Corporate Social Responsibility,
Strategic Management Journal, 39(5): 1299-1324.
Flammer C, Bansal P. 2017. Does a Long-Term Orientation Create Value? Evidence from a Regression Discontinuity,
Strategic Management Journal, 38(9): 1827-1847.

Winner of the 2016 Investor Responsibility Research Center (IRRC) Institute Research Award (press release).
Winner of the 2020 Responsible Research in Management Award (press release).
Honorable Mention 2016 Moskowitz Prize for Best Paper in Sustainable and Responsible Investing (press release).
Featured in the Wall Street Journal (news article).
Featured in Alex Edmans’ blog on Executive Compensation Policy Reform (blog).
Video abstract published by Strategic Management Society (video abstract).

Flammer C, Luo J. 2017. Corporate Social Responsibility as an Employee Governance Tool: Evidence from a Quasi-Experiment,
Strategic Management Journal, 38(2): 163-183.

Strategic Management Journal lead article February 2017.

Flammer C, Kacperczyk AJ. 2016. The Impact of Stakeholder Orientation on Innovation: Evidence from a Natural Experiment,
Management Science, 62(7): 1982-2001.
- Winner of the 2014 Glueck Best Paper Award of the BPS Division of the Academy of Management.
- Selected for Best Paper Proceedings, Academy of Management, BPS Division (2014).
Flammer C. 2015. Does Corporate Social Responsibility Lead to Superior Financial Performance? A Regression Discontinuity Approach, Management Science, 61(11): 2549-2568.
- Winner of the 2013 Moskowitz Prize for Best Paper in Sustainable and Responsible Investing (press release).
- Winner of the 2015 FIR-PRI Award for Best Published Paper in Finance and Sustainability (press release).
- Honorable Mention 2016 ONE-NBS Research Impact on Practice Award.
- Management Science lead article November 2015.
- Featured on Strategic Management Society Research Chatter as “cutting edge work on CSR”, February 2016 (podcast).
Flammer C. 2015. Does Product Market Competition Foster Corporate Social Responsibility? Evidence from Trade Liberalization,
Strategic Management Journal, 36(10): 1469-1485.
- Inaugural video abstract published by Strategic Management Society (video abstract).
- Selected for Best Paper Proceedings, Academy of Management, BPS Division (2013).
Flammer C. 2013. Corporate Social Responsibility and Shareholder Reaction: The Environmental Awareness of Investors,
Academy of Management Journal, 56(3): 758-781.

Working Papers:

Fangwa A, Flammer C, Huysentruyt M, Quelin B. 2020. Corporate Governance and Social Impact of Non-Profits: Evidence from a Randomized Program in Healthcare in the Democratic Republic of Congo, Management Science, revise & resubmit.
Flammer C, Ioannou I. 2020. Strategic Management during the Financial Crisis: How Firms Adjust their Strategic Investments in Response to Credit Market Disruptions, Strategic Management Journal, revise & resubmit.
Flammer C, Toffel MW, Viswanathan KV. 2019. Shareholder Activism and Firms’ Voluntary Disclosure of Climate Change Risks,
Strategic Management Journal, revise & resubmit.
Boulongne R, Durand R, Flammer C. 2020. Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues.
Flammer C. 2020. Climate Change, Impact Investing, and the Just Transition.

Other Publications:

Flammer C., Ioannou I. 2019. Save or Invest? How Companies Should Navigate Recessions, Harvard Business Review, May 31.
Flammer C. 2018. Green Bonds Yield Real Dividends for Companies, Investors, and the Planet, Harvard Business Review, November 22.
Flammer C. 2018. Long-Term Executive Compensation as a Remedy for Corporate Short-Termism, Seattle University Law Review, 41(2): 419–424.

Conference Proceedings:

Flammer C, Hong B, Minor DB. 2017. Corporate Governance and the Rise of Integrating Corporate Social Responsibility Criteria in Executive Compensation,
Academy of Management Best Paper Proceedings, BPS Division.
Flammer C, Kacperczyk AJ. 2016. Corporate Social Responsibility and Knowledge Protection,
Academy of Management Best Paper Proceedings, BPS Division.
Flammer C, Kacperczyk AJ. 2014. In Search of Spark: The Impact of Stakeholder Orientation on Innovation,
Academy of Management Best Paper Proceedings, BPS Division.
Flammer C. 2013. The Impact of Product Market Competition on Corporate Social Responsibility,
Academy of Management Best Paper Proceedings, BPS Division.

Selected Awards:

Fellow of the Susilo Institute, Boston University Questrom School of Business (2020).
Responsible Research in Management Award (2020).
Questrom Award for Institutional Leadership, Boston University Questrom School of Business (2019).
Dean’s Research Scholar, Boston University Questrom School of Business (2018).
Slatkin Family Research Fund Award, Boston University Questrom School of Business (2018).
Sustainable Finance Geneva Innovation Award (2018).
PGGM Sustainable Asset Pricing and Impact Paper Award (2018).
Moskowitz Prize for Best Paper in Sustainable and Responsible Investing (2017).
Fiegenbaum Best Paper Award (2017).
Distinguished Paper Award of the BPS Division of the Academy of Management (2017).
Investor Responsibility Research Center (IRRC) Institute Research Award (2016).
Alliance for Research on Corporate Sustainability (ARCS) Emerging Sustainability Scholar Award (2015).
Ivey Emerging Leaders Award, Ivey Business School (2015).
FIR-PRI Award for Best Published Paper in Finance and Sustainability (2015).
Glueck Best Paper Award of the BPS Division of the Academy of Management (2014).
Moskowitz Prize for Best Paper in Sustainable and Responsible Investing (2013).

Social Impact Field Seminar:

Social Impact Field Seminar (student blog).

Responsible Investing:

Podcast with United Nations’ Principles for Responsible Investment (PRI) on “How Corporate Social Responsibility Can Contribute to Company Competitiveness” (podcast).
United Nations’ Principles for Responsible Investment (PRI) Academic Network Conference (Call for Papers, Preliminary Program 2020).
Academic research: Top academic studies on responsible investment.

Empirical Methods:

Slides of my presentation Regression Discontinuity Design (RDD) for Strategy Scholars at the 2015 Strategic Management Society Panel “Latest and Greatest in Empirical Methods for Strategy Scholars”.