The Human Capital Dimensions of Sustainable Investment: What Investment Analysts Need to Know

18 Pages Posted: 23 Feb 2013

See all articles by Thomas A. Kochan

Thomas A. Kochan

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Eileen Appelbaum

Center for Economic and Policy Research

Jody Hoffer Gittell

Brandeis University - The Heller School for Social Policy and Management

Carrie R. Leana

University of Pittsburgh - Katz Graduate School of Business

Date Written: February 22, 2013

Abstract

This paper identifies a number of questions that need to be answered if the growing interest in building investment portfolios of firms that follow socially and environmentally sustainable practices is to be successful in transforming the financial institutions and analysts from a liability to an asset in expanding the number of sustainable firms in the economy. Evidence from three decades of research on “high performance workplace practices” is reviewed that identifies what is required for firms to align human capital and financial strategies. A longer term research and education agenda is presented for answering the remaining open questions.

Keywords: human capital, sustainatbility, investment

JEL Classification: labor, organization theory, human resources

Suggested Citation

Kochan, Thomas A. and Appelbaum, Eileen and Gittell, Jody Hoffer and Leana, Carrie R., The Human Capital Dimensions of Sustainable Investment: What Investment Analysts Need to Know (February 22, 2013). Available at SSRN: https://ssrn.com/abstract=2222657 or http://dx.doi.org/10.2139/ssrn.2222657

Thomas A. Kochan (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

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Eileen Appelbaum

Center for Economic and Policy Research ( email )

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Jody Hoffer Gittell

Brandeis University - The Heller School for Social Policy and Management ( email )

P.O. Box 549110/MS 035
415 South Street
Waltham, MA 02454
United States

Carrie R. Leana

University of Pittsburgh - Katz Graduate School of Business ( email )

Pittsburgh, PA 15260
United States

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