HEC Montréal

About: HEC Montréal is a education organization based out in Montreal, Quebec, Canada. It is known for research contribution in the topics: Context (language use) & Vehicle routing problem. The organization has 1221 authors who have published 5708 publications receiving 196862 citations. The organization is also known as: Ecole des Hautes Etudes Commerciales de Montreal & HEC Montreal.

Cross-Listing and Corporate Social Responsibility

Abstract: This paper investigates the dynamics of cross-listing and corporate social responsibility (CSR). Using a sample of 10,815 firm-year observations from 54 countries over the period 2002–2011, we find that cross-listed firms have better CSR performance than non–cross-listed domestic firms. This result is robust to endogeneity and different types of cross-listing. We also find that CSR increases (decreases) significantly after cross-listing in (delisting from) U.S. markets. The positive impact of cross-listing on CSR performance is stronger for firms from countries with weaker institutions, lower country-level sustainability, and higher liability of foreignness, and for firms operating in industries with high litigation risk. Finally, we find that cross-listed firms with better CSR performance exhibit higher valuations.

Environmental Regulation and the Eco-industry

Abstract: This paper re-examines environmental regulation, under the assumption that pollution abatement technologies and services are provided by an imperfectly competitive environment industry. It is shown that each regulatory instrument (emission taxes and quotas; design standards; and voluntary agreements) has a specific impact on the price-elasticity of the polluters’ demand for abatement services, hence on the market power of the eco-industry and the resulting cost of abatement. This implies that the optimal pollution tax will be higher than the marginal social cost of pollution, while a voluntary approach to pollution abatement may fail unless the eco-industry itself is willing to participate.

Having your cake and eating it too: discourses of transcendence and their role in organizational change dynamics

Abstract: Purpose – Previous work on paradox and contradiction has argued for management approaches that transcend dilemmas through a kind of creative synthesis. The purpose of this paper is to investigate empirically how change leaders' efforts to transcend contradictions emerge, evolve and contribute to organizational change.Design/methodology/approach – The paper analyses three case studies in different sectors drawing on interviews, documents and observations.Findings – It is found that discourses of transcendence emerge as leaders bring new elements to the debate and supply a rationale that creatively bridges opposite poles of a dilemma. The credibility of the discourse is enhanced when it is embedded in extant institutional ideas, when stakeholders' interests and values appear to be accommodated and when leaders are viewed as legitimate. However, inherent contradictions tend to resurface over time, suggesting that while transcendence offers a powerful stimulus for change, its range and lifetime may be transit...

Acceptance of Functional Foods: A Comparison of French, American, and French Canadian Consumers

Abstract: Food products have diversified with industry globalization. To market functional foods efficiently, food managers must gauge cross-cultural variance of functional food acceptance. Expanding on previous research, we investigate young consumers' acceptance of functional foods. Data collected in French Canada, United States, and France in 2004 reveal that business students are slightly in favor of functional foods, and associate health benefits with these foods but very few product-related benefits. Students do not have strong opinions on the trustworthiness of information and expressed a slight interest in purchasing this type of product. Analyses of cultural differences revealed significant, albeit small, divergence in these variables. Statistical analysis performed on the full sample assessed the impact of food attitudes and other cognitive and attitudinal factors on the general attitude toward functional foods. Health and product-related benefits and belief about the credibility of information are the main positive determinants of the acceptance of functional foods, followed by high knowledge. Apart from the negative impact of Neophobia, none of the other food attitudes influences attitudes toward functional foods. Linear regressions performed on each subgroup indicated similar positive cross-cultural results for health and product-related benefits. However, cross-cultural differences are detected for knowledge, credibility of information, and food attitudes that influence acceptance of functional foods. Les produits alimentaires se sont diversifies avec l'avenement de la mondialisation. Pour commercialiser efficacement les aliments fonctionnels, les gestionnaires du secteur alimentaire doivent evaluer l'acceptation des aliments fonctionnels par les diverses cultures. A partir de travaux de recherche anterieurs, nous avons examine l'acceptation des aliments fonctionnels par les jeunes consommateurs. Des donnees recueillies en 2004 au Canada francais, aux Etats-Unis et en France ont revele que les etudiants en commerce etaient legerement en faveur des aliments fonctionnels, leur associaient des avantages pour la sante, mais tres peu d'avantages lies aux produits. Les etudiants n'avaient pas une tres bonne opinion concernant la credibilite de l'information et ont manifeste un faible interet pour l'achat de ces produits. Des analyses des differences culturelles ont revele des divergences, petites mais significatives. Les analyses statistiques effectuees sur l'echantillon total ont evalue l'impact des attitudes envers les aliments ainsi que d'autres facteurs cognitifs et attitudinaux sur l'attitude generale envers les aliments fonctionnels. Les avantages pour la sante, les avantages lies aux produits et les croyances concernant la credibilite de l'information sont les principaux facteurs favorables a l'acceptation des aliments fonctionnels, suivis d'un degre de connaissances eleve. Outre l'impact negatif de la neophobie, aucune autre des attitudes envers les aliments n'influe sur les attitudes envers les aliments fonctionnels. Les regressions lineaires effectuees pour chaque sous-groupe ont indique des resultats positifs similaires. Toutefois, nous avons note des differences interculturelles quant a la connaissance, a la credibilite de l'information et aux attitudes envers les aliments qui influencent l'acceptation des aliments fonctionnels.